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 following slide deck was published by Finance Of America Companies Inc.Read full newsRead More
GitLab Inc. (NASDAQ:NASDAQ:GTLB) Q4 2023 Earnings Conference Call March 13, 2023 4:30 PM ETCompany ParticipantsSharlene Seemungal - Investor RelationsSid Sijbrandij - Co-Founder and Chief...Read full newsRead More
The following slide deck was published by GitLab Inc.Read full newsRead More
New Found Gold (TSXV: NFG, NYSE-AM: NFGC) has added vertical dimension to the new Iceberg discovery at its 100%-owned Queensway project in Newfoundland with a high-grade intercept of 49.7 grams gold per tonne over 29.9 metres drilled below the discovery holes.Shares of New Found Gold soared nearly 17% by market close Monday following the news. The company has a market capitalization of $998 millio...Read More
(IDEX Online) - Belgium's imports of Russian diamonds in January rose by 36 per cent year-on-year, according to the government-run Belgian Foreign Trade Agency (BFTA).Rough imports were ???EUR? ?132m ($141m) in January 2023, compared with ???EUR? ?97m ($104m) in January 2022, just before Russia invaded Ukraine.The US imposed sanctions on Russian diamonds but the 27 EU nations did not, and Bel...Read More
A month after Newcrest Mining (TSX: NCM; ASX: NCM) rejected a US$17-billion takeover bid from Newmont Mining (TSX: NGT; NYSE: NEM), the two are to discuss a potential deal, Australian Financial Review reported on Monday.The two gold miners reportedly signed non-disclosure and standstill agreements, enabling the companies to meet in person and consider the price required for a deal to get off the g...Read More
Burgundy Diamond Mines (ASX: BDM) is buying debt-burdened Arctic Canadian, owner of Canada's largest gem workings, the Ekati mine, to become one of the world's biggest diamond operations. The purchase price is US$136 million, composed of US$21 million in stock, US$15 million in cash, and Burgundy will cover US$100 million in debt owed by Arctic Canadian, it said in a news release on Tuesday. Th...Read More
This week's episode features geopolitical and natural resource commentator Paul from the Sirius Report in conversation with host Adrian Pocobelli. Paul explains why the Global South is becoming increasingly skeptical of Western positioning and policies and how this fits into a larger global trend toward de-dollarization. He also discusses the bankruptcy of Silicon Valley Bank and how it feeds into...Read More
Arizona Sonoran prepares for lift-off at CactusSPONSOREDarizona sonoran copper company inc.Iris Zone proves Catalyst theory on Bendigo Goldfield northern extensionSPONSOREDcatalyst metals ltdZenith Minerals 'leveraging pedigree in explorationSPONSOREDzenith minerals limited'Security of tenure' at centre of new Saudi mining codeSPONSOREDsaudi ministry of industry and mineral resourcesBu...Read More
Arizona Sonoran prepares for lift-off at CactusSPONSOREDarizona sonoran copper company inc.Iris Zone proves Catalyst theory on Bendigo Goldfield northern extensionSPONSOREDcatalyst metals ltdZenith Minerals 'leveraging pedigree in explorationSPONSOREDzenith minerals limited'Security of tenure' at centre of new Saudi mining codeSPONSOREDsaudi ministry of industry and mineral resourcesLo...Read More
Southern Silver's VP of operations Robert McDonald talks to Mining Journal about the progress of drilling at its flagship and the potential for new discoveries in New MexicoRead More
(IDEX Online) - Former billionaire diamantaire Nirav Modi can't afford the legal bill for his failed appeal against extradition.He appeared via videolink at a court in London last week over non-payment of $180,000 for his legal representation.Last November, Modi, 51, (pictured) lost his last-ditch appeal against extradition to India, where he is accused of fraudulently using letters of undert...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.Wo...Read More
It's often said that the Fed raises interest rates until something breaks. Well, something has broken.The collapse of Silicon Valley Bank (SVB) has really thrown Jay Powell and the Fed for a loop.Just last week, Powell issued some very hawkish testimony before Congress about the need to maintain an aggressive stance against inflation. Markets were even factoring in an 80% chance of a 0.50% rate hi...Read More
The report calls for the UK government to "clearly explain the connection between critical minerals with climate change and outline its commitment to supporting responsible supply chains to raiseRead 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
Work on the mine was halted in 2022 as a result of a disagreement between the government and shareholders in the project, which includes Rio Tinto and Chinalco, over the terms of the joint venture.Read More
Volkswagen, Europe's largest automaker, announced Monday its plans to set up an electric vehicle (EV) battery manufacturing plant in St. Thomas, Ont.The facility will be established by Volkswagen's battery maker subsidiary PowerCo, the Wolfsburg, Germany-headquartered company said in a news release.The plant will be PowerCo's first cell factory in North America and its third worldwide behind facil...Read More
Mongolian prime minister Luvsannamsrain Oyun-Erdene joined Rio chief executive Jakob Stausholm 1.3km underground yesterday to celebrate the milestone. Rio recently paid US$3.Read More
Share this articleVANCOUVER - Newcrest Mining Ltd. [NCM-TSX, ASX] and partner Imperial Metals Corp. (III-TSX) said the exploration target for the East Ridge zone at their Red Chris mine in British Columbia has been significantly expanded.The exploration target defined for East Ridge has been enhanced to between approximately 400 million tonnes of 0.42 g/t gold and 0.49% copper (for 5.4 million ou...Read More