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
enCore Energy (TSXV: EU; NYSE American: EU) has made a formal production decision resuming uranium production from the Alta Mesa central processing plant in Texas in early 2024. This will be enCore's second uranium-producing location after the Rosita processing plant, which is scheduled to restart in 2023.Alta Mesa is a fully licensed and constructed ISR (in-situ recovery) uranium project and cent...Read More
(IDEX Online) - The New York-based GCAL (Gem Certification and Assurance Lab) grading lab says its 8X Cut Grades certificates - with the added attributes of brilliance, fire, scintillation, and optical symmetry analysis - can now be customized for clients.Their brand and logo can be added to the certificates, which were launched in 2021 to provide consumers with "a higher level of transparency" fo...Read More
The announcement comes as 70% owner Newcrest is expected to sit down for face-to-face talks with Newmont, which made an unsolicited US$16.Read More
Canada Nickel's (TSXV: CNC; US-OTC: CNIKF) first metallurgical test at Reid, an ultramafic nickel project near its flagship Crawford nickel sulphide project in Ontario, returned a head grade of 0.35% nickel, 0.10% sulphur and 6.2% iron.The company said the initial open pit circuit test was done on a sample from the higher-grade area of the Reid property, 16 km southwest of Crawford and 37 km north...Read More
'Security of tenure' at centre of new Saudi mining codeSPONSOREDsaudi ministry of industry and mineral resourcesZenith Minerals 'leveraging pedigree in explorationSPONSOREDzenith minerals limitedIris Zone proves Catalyst theory on Bendigo Goldfield northern extensionSPONSOREDcatalyst metals ltdArizona Sonoran prepares for lift-off at CactusSPONSOREDarizona sonoran copper company inc.Th...Read More
Ferrexpo, which is Europe's largest producer of high-grade iron ore, reported revenue of US$1.2 billion in 2022, down from US$2.5 billion the previous year.Before the invasion, Ferrexpo primarily exported via ports in the Black Sea. With access to these ports cut off, the company has relied on rail export to central Europe, although these routes have also been constrained by the war.As a result of...Read More
(IDEX Online) - A regular visitor to the "sift your own diamond" park in Arkansas, USA, unearthed a a 3.29-carat brown gem, the biggest find there in 18 months.David Anderson is no stranger at the Crater of Diamonds State Park, near Murfreesboro, where day-trippers pay $10 to sift soil at the disused mine for gems, and get to keep whatever they find.He says he's found more than 400 diamonds o...Read More
(IDEX Online) - Ekati, Canada's first diamond mine, is to be sold to Burgundy Diamond Mines in the latest ownership twist. Current owner Arctic Canadian Diamond Company (ACDC) announced yesterday that it was selling the deposit, 200 km south of the Arctic Circle, for $136m.ACDC acquired the mine from Dominion Diamonds in February 2021 after it filed for insolvency, and had been planning...Read More
In its quest for bonanza returns, high-tech capital is willing to take a bet on mining, an industry not noted for producing steady returns and challenged by its comparatively small size.Silicon Valley capitalists and entrepreneurs are bringing fresh investment and talent to upstart mining companies, said panellists on Mar. 7 at the PDAC convention in Toronto.A wave to the tune of US$10-US$15 billi...Read More
(IDEX Online) - Owners of a family-run jewelry store watched in horror on a smartphone app as raiders emptied display cabinets of goods valued at $1.2m.The break-in at Queens Jewelers was the latest in a string of burglaries at WestGate Mall, in Spartanburg, South Carolina, USA.Four raiders escaped with Cartier and Rolex watches, 35 diamond necklaces, more than 50 diamond bracelets, and men's...Read More
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) posted a record profit of US$434 million for the year ended Dec. 31, 2022, a near tenfold increase over the US$45 million recorded in 2021.Revenue of US$2.15 billion, operating profit of US$1.27 billion and earnings before interest, taxes, depreciation, and amortization (EBITDA) of US$1.39 billion, were also record highs, based on 323,733 tonnes of copper so...Read More
According to the China Association of Automobile Manufacturers, sales of new energy vehicles in China rebounded in February, rising by 29% month-on-month.Read More
"Give a man a gun and he will rob a bank," claimed fictional television character Tyrell Wellick, adding pithily:"Give a man a bank and he will rob everyone."The bank - the banking system - will shortly be robbing everyone. This it will do to make whole the moneyed depositors of Silicon Valley Bank, presently in receivership.The regulatory authorities insist the robbing is not a "bailout." That is...Read More
Snowline burst into the industry's consciousness in mid-2022 with some of the best open pitable bulk tonnage drill intercepts of the year at its Rogue target in Yukon, including 318.8m grading 2.Read More
Share this articleTrudeau government policies actively and aggressively discourage strategic minerals developmentPrime Minister Justin Trudeau recently visited the Saskatchewan Research Council's experimental rare earth refining facility in Saskatoon to tout his government's efforts to promote rare earth discovery, development, and extraction, along with the refining advances SRC has achieved.He a...Read More
The "Express" ground covers 73.5sq.km 12km southeast of Allkem's James Bay deposit and reportedly features outcropping pegmatites.Read More
The following slide deck was published by Luna Innovations Incorporated in conjunction with their 2022 Q4 earnings call.Read full newsRead More
Casa Systems, Inc. (NASDAQ:NASDAQ:CASA) Q4 2022 Earnings Conference Call March 14, 2023 5:00 PM ETCompany RepresentativesJerry Guo - Chief Executive OfficerEd Durkin - Chief Financial...Read full newsRead More
The following slide deck was published by Ascend Wellness Holdings, Inc.Read full newsRead More
Ascend Wellness Holdings, Inc. (OTCQX:AAWH) Q4 2022 Earnings Conference Call March 14, 2023 5:00 PM ETCompany ParticipantsRebecca Koar - Head of Investor RelationsAbner Kurtin - Executive...Read full newsRead More