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
Stephen Desposito, founder and CEO of Regeneration discusses his company's work helping placer miners in Yukon and Alaska re-mine gold from old tailings, restoring habitat and selling the gold to corporate customers. Desposito spoke with Northern Miner staff reporter Henry Lazenby at AME in January.Read More
Vulcan Energy Resources (ASX: VUL), one of the very few lithium miners in Europe, said on Monday it plans extract enough lithium to supply up to 500,000 electric vehicles (EVs) a year to help the local industry transition from combustion engine to battery power.The Australian miner now aims to produce 24,000 tonnes of lithium hydroxide monohydrate (LHM) per year by 2027, according to the definiti...Read More
Canada's B2Gold (TSX: BTO; NYSE: BTG) is buying fellow precious metals miner Sabina Gold & Silver (TSX: SBB; US-OTC: SGSVF) in an all-stock deal worth $1.1 billion (US$824 million).The transaction hands B2Gold the Back River Gold district property in Nunavut, which holds multiple high-potential mineralized zones poised to boost the Vancouver-based gold giant's reserves.The most advanced project in...Read More
China has fallen victim to what economists call the middle-income trap. Economists consider a low-income country to have around $5,000 annual income per capita. Middle-income countries have between $8,000 and $15,000 annual income per capita. High-income countries begin at around $20,000 annual income per capita.China's per capita annual income is $12,970 - solidly in the middle income category. B...Read More
The difference lies in the quality of coal mined by the two companies. BHP is a specialist in the production of high-quality metallurgical (or coking) coal used to make steel.Read More
The money raised will be used to finalise plans for its Songwe Hill rare earths project in Malawi and to start work on a magnet recycling facility in Germany. Mkango will place 28.Read More
B2Gold will pay 0.3867 of a B2Gold share for each Sabina share, representing consideration of C$1.Read More
Unrealistic expectations for the energy transition could undermine the bullish demand scenarios currently accepted as the norm as the energy transition unfolds, Capitalight Research MD Tom Brady says.For example, global automotive market sales are expected to more than double to nearly 125 million by 2030, with 'base case' scenarios pointing to 35% PEVs in the mix. By 2050, most scenarios have the...Read More
The indicated resource consists of 33.1Mt grading 2.57gpt gold for 2.74Moz, with an inferred resource of 20Mt grading 3.56gpt for 2.29Moz.Read More
The company said the results of some 250,000m of drilling since it acquired the project in February 2022 led it towards a smaller 10,000tpd, higher-grade development than the 15,000tpd plan itRead More
The S&P/TSX Venture Composite Index retreated by 6.7 points or 1.1% over the Feb 6-10 trading session, ending the week at 613.42.Callinex Mines was the week's top value gainer, adding 71 ? per share to close at $3.35 apiece on Friday. On Feb. 6, the company announced it had appointed former Hudbay Minerals CEO Peter Jones to its technical team. Jones is credited for playing a pivotal role in devel...Read More
The Toronto-quoted equity of explorer ATAC Resources (TSXV: ATC) jumped about 38.5% on Monday following the weekend announcement by Victoria Gold (TSX: VGCX) of a takeover bid at an 85% premium.While the all-scrip deal values ATAC at 12 ? per share, implying a value of $25 million, ATAC's board has rejected the unsolicited offer, prompting Victoria on Monday to extend the offer to Feb. 17 to give...Read More
During the Feb. 6-10 trading week, the Dow Jones Industrial Average fell 56.7 points or 0.17% to 33,869.3 and the S&P 500 fell 46 points or 1% to 4,090.5.Among this week's top-traded stocks was major Barrick Gold, which saw at least 31 million shares change hands by market close on Friday. The company's equity added US62 ? to end the trading week at US$23.94. The company made headlines this week a...Read More
Simon Ridgway, founder and CEO of Rackla Metals discusses plans to drill this summer at the Astro target inside the highly prospective Tombstone Gold Belt that spreads through the Yukon and Northwest Territories. Ridgway spoke with Northern Miner staff reporter Henry Lazenby at VRIC in January.Read More
Sheffield forges ahead at Thunderbird mineral sands projectSPONSOREDsheffield resources limitedBradda Head eyes Arizona pegmatite prizeSPONSOREDbradda head lithiumUr-Energy to boost production at Lost CreekSPONSOREDur-energyCan EV battery metal continue its incredible bull run?SPONSOREDHowever, sentiment and the buzz around the conference, which was held in Cape Town at the beginning of February,&...Read More
(IDEX Online) - Russia says it is planning to help legalize alluvial diamond exports in the Central African Republic (CAR), the world's fifth poorest country.Alexander Bikantov, Russia's ambassador to (CAR) told the state-run Sputnik news agency that "revenues from diamond sales would allow Bangui (the country's capital) to solve the existing set of social and financial problems."CA...Read More
Apollo sees stars align at CalicoSPONSOREDapollo silverExcellon CEO hails 'transformational' La Negra acquisitionSPONSOREDexcellon resourcesSaudi builds foundation for world-leading mining sectorSPONSOREDsaudi ministry of industry and mineral resources Asante targets 400,000oz in 2023SPONSOREDasante gold corporationWith producers constrained by the capital discipline mantra and not investi...Read More
(IDEX Online) - Boxing legend Floyd "Money" Mayweather has been showing off his latest purchase - a white gold chain weighing 2.7kg (5lbs 12 oz).It's encrusted with 8,500 diamonds (300tcw), cost $1m and was made to order by US celebrity jeweler Johnny Dang.Undefeated Mayweather, 45, is coming out of retirement for an exhibition fight against Brit Aaron Chalmers in London on 25 February....Read More
A 2021 feasibility study update on Goose outlined a 15-year life-of-mine, producing an average of 223,000ozpa of gold.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.This week's best drill assays come from Australia and Canada. Red 5 (ASX: RED) announced on Feb. 7 that hole KHRD0868 at the King of the Hills project had returned 50.5 metres grading 15.9 grams gold per tonne from 14...Read More