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
(IDEX Online) - ALROSA's Udachny Mining and Processing Division completed the removal last month of 75 tons of diamondiferous ore from Verkhnyaya Muna for the trial processing at Processing Plant No. 12 and recovered the first diamonds from the Verkhne-Munskoe deposit, the miner reported. The development of processing technology is required to prepare for the commercial launch of the...Read More
In a year-review post published on its official Facebook page, state-owned Singareni Collieries Company Limited announced that it expects coal production to touch 85 million tonnes per annum in the next five years as it plans to open up 12 new mines.The company's outlook is also based on the fact that during the fiscal year 2017 it produced close to 41 million tonnes of the black mineral. Only in...Read More
Four employees at the state-owned Zimbabwe Consolidated Diamond Company were found guilty of conniving to steal diamonds worth half a million dollars while replacing them with fake gems.According to local media, the main perpetrator of the crime, 34-year-old Anesu Dhliwayo, will remain in custody until January 12, following Harare magistrate Rumbidzai Mugwagwa's verdict that identified him as a fl...Read More
London-based Patagonia Gold (AIM:PGD) announced that it has signed a definitive agreement to acquire Pan American Silver's Calcatreu deposit, located 60 km south of the town of Ingeniero Jacobacci, in the Argentinian province of R?-o Negro.To move forward with the deal, Patagonia will acquire all shares of Minera Aquiline Argentina, a wholly-owned subsidiary of Pan American, for a total considerat...Read More
Scientists at the University of Tokyo's Institute of Industrial Science are using gold ions to understand the behaviour of liquids at the atomic level. This, in turn, would help them determine what are the needed components to design batteries with less volatility and flammability along with better conductivity for more energy efficient devices.In a study published in the past week in Science Adva...Read More
December 31, 2017 marked the end of an era for one of Canada's oldest and most prolific gold mines.After 107 years of operations, Porcupine Gold Mines' Dome underground mine in Timmins, Ontario, ceased operations due to aging infrastructure, low productivity and depleted resources. The minelife had been extended for 18 months in July 2016.According to a local news site, the mine's 140 workers had...Read More
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Gold prices in 2017 gained the best annual advance in seven years, starting below $1,170 per ounce and closing Dec. 29 at $1,302.50 per ounce, Kitco reported Friday.Read full newsRead More
Marlin Gold Mining Ltd (TSXV:MLN), a CADCA$144.16M small-cap, is a metals and mining operating in an industry which can be affected by shifts in the housing market, as many producedRead More...Read full newsRead More
Not the place you would think.Read full newsRead More
Not the place you would think.Read full newsRead More
The State Department said it is following the demonstrators, who are protesting in several Iranian cities against deficient economic conditi...Read full newsRead More
Even before this month's cold snap swept through Midwest and Northeast states, the Department of Energy projected that heating costs were going to track upward this winter.Read full newsRead More
As the shale drillers moved on to richer fields, the South Texas landscape became pockmarked with abandoned structures.Read full newsRead More
Credit: (C) John Hilliard Tsukiji Fish Market's first auction of 2016 made headlines when a 440lb (200kg) endangered bluefin tuna sold for 14...Read full newsRead More
Anti-government demonstrations take place in cities across Iran, the biggest in nearly a decade.Read full newsRead More
Some 36,000 homes and businesses in British Columbia lost power due to ice storms in western Canada on Saturday, and workers rushed to restore service before nightfall as forecasters predicted extremely cold temperatures across the nation.Read full newsRead More
Not the place you would think.Read full newsRead More
Street protests hit Iran for a third day running on Saturday, spreading to the capital Tehran with crowds confronting police and attacking some state buildings, and a social media report said two demonstrators had been shot dead in a provincial town.Read full newsRead More
How many times have you heard that Bitcoin isn’t a real currency because you can’t spend it anywhere?Bitcoin certainly has some flaws, and other cryptocurrencies may very well take its place in time. But it is the trailblazer, and early adopters are now rolling in digital dough.Contrary to popular belief, you can, in fact, spend your Bitcoin. Here are ten places to make it rain with yo...Read More