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
At the conference, Nicolas Kazadi, DRC finance minister, called for international sanctions on Rwanda to combat illegal mining and smuggling by rebel groups.Read More
The lithium spot price has retrenched from highs of US$85,000/t at the end of 2022; however, levels of around $50,000/t are five times higher than in 2019-2021.Read More
Video Series: Mining Journal speaks with Peter BryantSPONSOREDsaudi ministry of industry and mineral resourcesAvino Silver & Gold looks to triple production by adding assetsSPONSOREDavino silver & gold mines ltd Arizona Sonoran prepares for lift-off at CactusSPONSOREDarizona sonoran copper company inc.Minem said in a statement that of the 74, 39 focus on copper, 18 on gold, 9 on zinc and e...Read More
Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company Mining Intelligence.New Found Gold (TSXV: NFG) shares popped this week after announcing on Mar. 13 a high-grade intercept drilled below its recent Iceberg discovery at its Queensway gold project in Newfoundland. Hole NFGC-23-1120 returne...Read More
Arizona Sonoran prepares for lift-off at CactusSPONSOREDarizona sonoran copper company inc.Avino Silver & Gold looks to triple production by adding assetsSPONSOREDavino silver & gold mines ltd Video Series: Mining Journal speaks with Peter BryantSPONSOREDsaudi ministry of industry and mineral resourcesAs of Monday, 20 March, pre-qualification for bidding on 49 tenements is open.Read More
The company said it has been unable to feed the processing plant at a minimum of 3000tpd sustainably, and so its cash costs per ounce have remained higher than anticipated.Read More
As of Monday, 20 March, pre-qualification for bidding on 49 tenements is open.Read More
The biggest mistake any analyst or investor can make right now is to believe that the banking crisis is over.Veterans of such crises (and I include myself in that category) know that once the dominoes start falling, they keep falling until some government intervention of a particularly draconian kind is imposed.We've seen some significant regulatory actions from the Federal Reserve, the Federal De...Read More
(IDEX Online) - Burgundy's $136m deal to buy the Ekati diamond mine, in Canada, is likely to extend its life "significantly", says Kim Truter, the company's CEO.The purchase, announced last week, from Arctic Canadian, should be concluded next month, pending financing and shareholders' approval."The real advantage is it's a tier-one asset in a tier-one country," Truter told CBC...Read More
Video Series: Mining Journal speaks with Peter BryantSPONSOREDsaudi ministry of industry and mineral resourcesAvino Silver & Gold looks to triple production by adding assetsSPONSOREDavino silver & gold mines ltd Arizona Sonoran prepares for lift-off at CactusSPONSOREDarizona sonoran copper company inc.The company said that the drill forms part of its 2023 drilling campaign, which will see...Read More
Video Series: Mining Journal speaks with Peter BryantSPONSOREDsaudi ministry of industry and mineral resourcesAvino Silver & Gold looks to triple production by adding assetsSPONSOREDavino silver & gold mines ltd Arizona Sonoran prepares for lift-off at CactusSPONSOREDarizona sonoran copper company inc.Not much is the quick answer, though over time this latest gold rush will run out of stea...Read More
Guy Wolf, global head of market analytics at Marex Spectron, said copper markets are facing an ever-tightening supply situation.Read More
The Canadian Mining Hall of Fame has issued its 2024 call for Nominations. Each year, the CMHF reaches out through its network in search of outstanding individuals for consideration by the board for induction into the Canadian Mining Hall of Fame.Through their leadership and achievements, individual nominees must have shaped Canada's global leadership in mining, embodied the important role mining...Read More
Golden Minerals Co. (TSX: AUMN; NYSE-AM: AUMN), has released an initial resource estimate for its Yoquivo silver-gold project, in northwest Chihuahua state, Mexico. The project hosts an inferred resource of 937,000 tonnes grading 410 grams silver per tonne and 2.1 grams gold for 12.3 million oz. of contained silver and 64,000 oz. of contained gold."We are very pleased to announce the first minera...Read More
First Majestic Silver (TSX: FR; NYSE: AG) is taking action to reduce overall costs by temporarily suspending all mining activities and reducing its workforce at the Jerritt Canyon gold mine in Nevada, effective immediately.Shares of First Majestic were down 16.1% in afterhours trading Monday on the latest development, taking the precious metals miner's market value to US$2 billion in New York.The...Read More
New figures showing more than twice the potential gold in Thor Explorations' (TSXV: THX; LSE: THX) Douta project in Senegal means "greater confidence" it will be the company's second mine in West Africa, analysts said. Douta holds an indicated resource of 20.2 million tonnes grading 1.3 gram gold per tonne for 874,900 oz. contained metal and an inferred resource of 24.1 million tonnes grading 1...Read More
(IDEX Online) - Brave jewelers Malcolm Abelson, 78, and his wife Elise, 73, saw off a raider armed with a hammer who tried to steal merchandise from their store in Manchester, England.The couple were unhurt after grappling the man, who fled empty-handed.He claimed he was interested in a necklace and three diamond bracelets for his girlfriend but snatched them from Ms Abelson and tried to run off.&...Read More
Share this article VANCOUVER - Sixty North Gold Mining Ltd. [SXTY-CSE] on Monday announced changes to its board of directors as it prepares to commence mining at its past producing Mon Mine, which is located 40 kilometres north of Yellowknife, in the Canadian Northwest Territories.The company said it has appointed Tom MacNeill to the board. It said MacNeill is an experienced financier and member...Read More
Occidental Petroleum has fallen below $60 again leading to Berkshire Hathaway purchasing more shares. Click here to see our take on OXY stock.Read full newsRead More
The Swiss government has attempted to broker a deal between UBS and Credit Suisse. Read why Credit Suisse may not accept the initial offer.Read full newsRead More