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

The gold room contained about one month's production from Lomada and Cap-Oeste deposits. No employees were fatally injured, although three suffered minor injuries.Read More

(IDEX Online) - The diamond world has been rocked by the US Treasury Department's blacklisting on Tuesday of companies with alleged links to the financing of the Hezbollah terror group, in Lebanon.A total of 52 individuals and entities, including a few diamond companies, appear on the Office of Foreign Assets Control (OFAC) list, accused of supplying cash, precious gems, art, and luxury goods...Read More

(IDEX Online) - A unique Rolex Yacht-Master, made entirely of platinum for the company's then CEO Patrick Heiniger, is to be sold with an estimate of ???EUR? ?1m to ???EUR? ?2m ($1.1m to $2.2m).The dial features diamond hour markers with baguette-cut sapphires at six and nine and a triangular-cut sapphire at 12.It was presented to Mr Heiniger, who took over from his father Andre Heiniger in 1...Read More

After extended and painful deliberation... we have arrived upon an unshakeable conclusion:The most dangerous human being on Earth is the ideological human being.It is the ideological human being - the human being set aflame by theory and belief - that most menaces our individual and collective happiness.For the ideological man would wreck the world before he would see his ideology wrecked.This is...Read More

(IDEX Online) - Petra Diamonds suffered a sharp fall in its quarterly sales to 31 March, down almost 52 per cent to 67.8 per cent on Q3 2022.It also sold almost 37 per cent fewer diamonds - 465,138 carats - than during the same period last year.The miner's Williamson deposit, in Tanzania, remains closed after the breach of a tailings dam, which released a five-mile river of gray sludge, damag...Read More

"The volatile political, economic and social situation has continued to impact Peru in recent months, and this has resulted in a tough operating environment for Hochschild's two mines," chiefRead More

Marvel Discovery Corp. (TSXV:MARV)(Frankfurt:O4T)(MARVF:OTCQB); (Read full newsRead More

The project aims to extend the mine life from 2028 until 2036, using the same footprint and maintaining production. Antamina produces about 560,000tpa of copper equivalent.Read More

GoviEx edges closer to productionSPONSOREDgoviex uraniumTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelThe company plans to develop a 2000tpd process plant at an initial capital expenditure of US$230 million, partially offset by a decrease in sustaining capital to $88.Read More

(IDEX Online) - The Natural Diamond Council (NDC) says it's "busting myths" in a new 54-page report called Diamond Facts.It aims to address misinformation about both natural diamonds and lab grown diamonds with a series of 11 questions and detailed answers.The NDC says it will begin rolling out related videos, aimed primarily at consumers, on its social media channels in the coming weeks.Topi...Read More

Year-over-year federal revenues have declined 1%.Yet year-over-year federal expenditures have increased 36%.This we learn from the Bipartisan Policy Center, so-called.And so the Empire of Debt plunges deeper into debt's abysmal black depths. It will never surface of course.We find it instructive that the German word for debt - schuld - is a synonym for guilt.Debt equals guilt, guilt equals debt.It...Read More

In a filing to the Hong Kong Stock exchange, CMOC said it has consensus with partner Gecamines on royalties for the Tenke Fungurume (TFM) copper-cobalt mine in the DRC, in a deal which it says isRead More

(IDEX Online) - Lucapa says it mined record volumes at its Lulo alluvial mine, in Angola, and the Mothae mine, in Lesotho, in its latest quarterly report.The Australian miner also says it recovered a 150-carat Type IIa D-color white diamond - the 36th +100-carat diamond (pictured) since Lulo began commercial production in 2015.It also recovered two other +100-carat diamonds at the mine, which is h...Read More

GoviEx edges closer to productionSPONSOREDgoviex uraniumTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelThe argument advanced by Pierre Lassonde, Robert Friedland, Ross Beaty and Norman Keevil is that Canada needs to retain its last great Canadian mining champion.Read More

Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipGoviEx edges closer to productionSPONSOREDgoviex uraniumTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesThe maiden resource is pit constrained and sits at 94 million tonnes grading 3.1% zinc-lead and 4.1 grams per tonne silver for a contained 2.2Mt zinc, 600,000t...Read More

The U.S. dollar is still the world's main reserve currency due to the strength, size, and stability of the American economy, as well as the currency's widespread use in international trade and finance.However, the greenback's dominance has been a key point of geopolitical contention that has spanned decades.France's finance minister has called the dollar's supremacy America's "exorbitant...Read More

GoviEx edges closer to productionSPONSOREDgoviex uraniumTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelThe review identified 24 nickel development projects with resources of more than 400,000 tonnes of contained nickel.Read More

Shares in the company rose on signs that it has turned a corner at Yanfolila. Shares were up 9.5% at 13.00p at 16.27 London time. "These results show our last quarter wasn't a flash in the pan.Read More

(IDEX Online) - Thieves fled with gold worth $1m after breaking into a mine in the in the Santa Cruz province of Argentina.Canadian miner Patagonia Gold Corp lost around a month's production in the heist, at the gold room of its Cap-Oeste Project.The thieves took dore bars - a semi-pure alloy of gold and silver which is transported to the refinery - containing 500 ounces of gold (currently tr...Read More

The company reported March quarter production and cost performance in line with expectations at 145,900t tonnes at a cash cost of US$1.Read More