The AOCE and WB have moderate overall forecasts for the metals in 2025 inline with IMF forecasts for a decline in economic growth and inflation, although we see the probability of a stagflationary scenario as still reasonably high.Read More
The past year was a difficult one overall for the metals, with the main standouts to the upside being a geopolitical risk-driven gain in gold, a China-driven rise in iron ore and a surge in uranium on broadening global support for nuclear power (Figure 1). A jump in global interest rates to near two-decade highs saw recession fears persist all year, and while one still did not actually eru...Read More
This year the post-global health crisis boom was brought to an end by a surge in inflation to forty-year highs, a major rise in global interest rates in an attempt to curb the rising prices and surging geopolitical risk after Russia's invasion of Ukraine. While precious metals held up reasonably well as markets turned to them as a risk hedge, by Q2/22 the higher interest rates put an end t...Read More
Chile is the world leader in copper production, at 28.5% of the total in 2020, and this looks set to continue, with the country having the largest global reserves, at 23.0% of total. It is also the global leader for molybdenum, which is often found along with copper, and is a major lithium player, holding 51.1% of global reserves. Read More
Newfoundland has become a gold exploration hotspot over the past few years, with the sector seeing some of its strongest activity ever. While the province remains a small contributor to Canadian gold production, it has a substantial mineral industry well supported by the government, focused on iron ore, copper and nickel, and the surge in exploration suggests that gold output from the...Read More
Nevada is the core of the U.S. gold output, accounting for by far the majority, at 75.4% on average for the past year. The state looks set to remain a dominant player in U.S. gold, as it accounts for 49% of total U.S. reserves, with Alaska slightly ahead with 51% of reserves, but just 8.6% of current production. The U.S. accounts for 6.1% of global gold output, making Nevada one of the largest gol...Read More
The Golden Triangle in northwestern British Columbia has historically been a major site of Canadian gold production, beginning as early as the mid 1800s. There was a wave of production in the 1990s which cooled as the gold price declined, but larger scale production resumed in 2017, and the area has seen surging exploration interest over the past year, given that the region has some of the largest...Read More
In this report we outline the Quebec gold mining industry, including its major producers, and a survey of many of the junior miners focused on the province. Quebec accounts for 34% of Canadian gold production (second to Ontario, with 44%) and remains a major focus for both producers and junior miners.Read More
Red Lake has been one of the most prolific gold mining districts in Canada and the world, with exploration having started in the 1920s, and production, which began in the 1930s, continuing to the present day. The district is known for the high grade of its gold, its infrastructure, and strong institutional support, given the long history of mining in the area.Read More
Good morning from il bello Piemonte!In the summer of 1997, three songs were played over and over and over again on the radio. They were Building a Mystery by Sarah McLaughlin, Sunny Came Home by Shawn Colvin, and Where Have All the Cowboys Gone? by Paula Cole.All day. Every day. On every radio station, it seemed.And good songs, they are. Colvin's Sunny Came Home is about renewal, while McLaughlin'...Read More
Look beyond market approach to project valuations: van ZylLeadershipGoviEx edges closer to productionSPONSOREDgoviex uraniumMining Journal Select London 2023 SPONSOREDTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesNewcrest will subscribe for 15.8 million Metallic units at 40c each, with each unit comprising one share and 0.75 of a share purchase warrant.Read More
GoviEx edges closer to productionSPONSOREDgoviex uraniumMining Journal Select London 2023 SPONSOREDTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelMiners had high hopes for China in 2023. Commodity prices may still be high by global standards, but they have been trending down in recent months.Read More
The three-year contract, for lithium carbonate, will begin on completion of the Rhyolite Ridge project. It is for a variable amount as other offtake commitments over 3,000t are met.Read More
Speaking at the 8th SME Current Trends in Mining Finance conference in New York, US, McEwan prompted delegates to rethink mine design, inspired by the Macchu Pichu Inca citadel in Cusco, Peru,Read More
GoviEx edges closer to productionSPONSOREDgoviex uraniumMining Journal Select London 2023 SPONSOREDTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelCalling the combination "transformational with compelling strategic logic," Allkem chief executive Martin Perez de Solay said that the deal "marks a significant...Read More
Pelham's latest attempt was via a settlement offer dated 7 May, which sought the resignations of three of Nickel 28's directors and the appointment of Pelham's managing member, Edward Collery, as wellRead More
Mining Journal Select London 2023 SPONSOREDGoviEx edges closer to productionSPONSOREDgoviex uraniumCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesThe five-year agreement covers topics such as the electrification of mining activities, the supply of desalinated water, the stability and monitoring of tailings depos...Read More
(IDEX Online) - Sales of watches and jewelry, together with clocks and valuable gifts, surged in Hong Kong during March, according to the latest government figures. Borders were re-opened early in February, the facemask requirement was dropped on 1 March, and Hong Kong launched ad campaigns to lure back tourists and businesses after dropping its zero-tolerance COVID-19 rules. Total revenue for the...Read More
A new report by strategists at JPMorgan Chase says investors are shifting their focus toward two contrasting sectors as recession risks loom on the horizon - gold and technology.The bank says investors are seeking refuge in safe-haven assets like gold while also capitalizing on the potential growth opportunities offered in tech stocks.Bank failures, de-dollarization, a labor shortage, rising infla...Read More
With the regulations and processes yet to be determined to access the new mechanisms, investments are paused while companies work out where best to invest.Read More
Share this article VANCOUVER - Metallic Minerals Corp. (MMG-TSXV, MMNGF-USOTC) on Wednesday announced a $6.34 million strategic equity investment by a unit of Newcrest Mining Ltd. [NCM-TSX, ASX, PNGX].It said the investment will take the form of a non-brokered private placement, with the goal of advancing Metalic's La Plata copper-silver-platinum group element alkalic porphyry project in Colorado...Read More
In a draft of Luksic's speech released before Antofagasta's annual general meeting today, the chair warns that Read More
(IDEX Online) - A well-known jeweler in Sydney, Australia, has been charged with orchestrating a raid on his own store as part of an insurance fraud worth AUD$2.8m (US$1.9m).Michel Germani, 65, CEO and founder of Germani Jewellery, and a 47-year-old female staff member were allegedly threatened with a knife by two robbers who forced them to open the safe, and bound their hands and feet with...Read More
GoviEx edges closer to productionSPONSOREDgoviex uraniumMining Journal Select London 2023 SPONSOREDTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelHowever, an unconstitutionality action filed by opposition members of Congress saw the Supreme Court of Justice vote nine to two to invalidate certain new laws unrelat...Read More
(IDEX Online) - Christie's says it will donate a "significant portion" of the commission from its sale of Heidi Horten's jewelry towards Holocaust research and education.It says the proceeds from the auction itself - estimated at $150m - will go to a foundation that furthers the philanthropic causes including medical research, children's welfare, and access to the arts, in line with...Read More
(IDEX Online) - Sarine has completed its merger with the GCAL grading lab, the company said today.The Israel-based diamond tech company owns 70 per cent of shares in the new entity, GCAL (Gem Certification & Assurance Lab) USA LLC. Sarine said the merger, first announced in January would create a "robust synergy".Financial details of the deal have not been disclosed.The new joint com...Read More
"In traditional layman's terms, the Fed is bankrupt - and I don't just mean intellectually."Here you have the studied conclusion of Mr. Thomas L. Hogan. This fellow holds a senior fellowship at the American Institute for Economic Research.More from whom:Like a private bank, the Fed maintains some level of capital as a buffer against losses. When those losses exceed the value of its capital, the Fe...Read More
(IDEX Online) - The index that tracks all fancy color diamond prices rose by 1.3 per cent in the first quarter of 2023, with the biggest increases among yellows.The New York-based Fancy Color Research Foundation (FCRF) said white diamond prices fell by 2.8 per cent during the same period.Yellow diamonds, across all sizes and intensities, showed the biggest rise, at 2.1 per cent. Pinks were up 1.1...Read More
While discussing the incentive price required to stimulate the construction of new copper mines, both McEwen and Eduardo Covarrubias, chair of Los Andes Copper, which has the Vizcachitas advancedRead More