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
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.The Americas produced this week's top drill assays, and Vancouver-headquartered Freegold Ventures (TSX: FVL) took the lead with its Golden Summit project in central Alaska. The junior reported 90.8 metres grading 3.83...Read More
Trident reported record royalty receipts of US$3.5 million in the last three months of 2022. This is an increase of 46% quarter-on-quarter, and a ninefold year-on-year increase.Read More
2022 was a significant year for Troilus, with almost 120,000m of infill and expansion drilling, and two discoveries near the main mineral corridor, which stretches 2.5-3km into the Connector zone.Read More
Dear Outsider,When the U.S. ratified the Constitution in 1789, the new American government created a permanent Treasury Department in order to control the nation's debt.President George Washington named Alexander Hamilton as the Secretary of the Treasury, and he proposed reviving the nation's ailing economy and repairing its damaged credit by repaying its $75 million of war...Read More
The Dow Jones Industrial Average advanced 602.59 points or 1.81% to finish the Jan. 23-27 trading week at 33,978.08 and the S&P 500 rose 97.95 points or 2.47% to 4,070.56. Spot gold finished the week at US$1,927.50 per oz., up US$1.20 per oz. or 0.06%. Fortuna Silver Mines gained US15 ? or 4% to US$3.94 per share. The company announced that the Mexican Federal Administrative Court had granted a p...Read More
(IDEX Online) - The US jewelry sector is shrinking, according to the latest listings of retailers, wholesalers and manufacturers by JBT (Jewelers Board of Trade).The number of manufacturers in Q4 2022 was 2,412, down 3.1 per cent on the same quarter in 2021. Retailers fell 2.4 percent from 19,320 to 18,855 and the number of wholesalers fell 1.6 per cent from 3,687 to 3,629.The majority of the...Read More
The S&P/TSX Composite Index rose 211.3 points or 1.03% to finish the Jan. 23-27 trading week at 20,714.50. The S&P/TSX Global Mining Index fell 0.35 points or 0.29% to 120.80 and the S&P/TSX Global Base Metals Index slipped 0.18 points or 0.09% to 204.10. Spot gold climbed US$1.20 per oz. or 0.06% to US$1,927.50 per oz. and the S&P/TSX Global Gold Index finished at 306.83, down 1.22 points or 0.4%...Read More
Ur-Energy to boost production at Lost CreekSPONSOREDur-energyBradda Head eyes Arizona pegmatite prizeSPONSOREDbradda head lithiumSheffield forges ahead at Thunderbird mineral sands projectSPONSOREDsheffield resources limitedCan EV battery metal continue its incredible bull run?SPONSOREDMineral Resources, a classic resources conglomerate with fingers in multiple pies, is reminiscent of the structur...Read More
Without going into details, she said the company had done a lot of work assessing potential downstream opportunities.Read More
(IDEX Online) - Belgium's prime minister has again said opposes an EU ban on Russian diamonds, calling instead for a global boycott.Alexander De Croo (pictured) was speaking as the 27 EU members prepared to implement a 10th round of sanctions.He said the only effective way to stem the ongoing flow of Alrosa's goods would be if all Western nations signed up to a ban, backed by a watertigh...Read More
Preston said the gold price has increased by 19% since early November, adding some US$300/oz, as the US dollar has weakened, and many commentators, including the World Bank forecasting a slowdown inRead More
(IDEX Online) - A court in India has ruled that the government should pay the widow of an informant in full for a tip-off that led to Customs officials seizing smuggled diamonds.Chandrakant Dhavre provided specific information in 1991 about a consignment of diamonds, mostly polished, worth over $110,000 (90 lakh rupees at today's exchange rate).He received two payments as part of his reward i...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipUr-Energy to boost production at Lost CreekSPONSOREDur-energyBradda Head eyes Arizona pegmatite prizeSPONSOREDbradda head lithiumThe latest hit comprised 52.2m at 3.34% lithium oxide from 219.1m, including 15m at 5.1% lithium oxide.Read More
Mining personality and resource speculator Rick Rule harbours little hope that the pace of junior resource sector mergers and acquisitions activity will quicken in the coming 12 months as quality companies are scarce.On Sunday, he told the Vancouver Resources Investment Conference that what gets in the way of junior M&A is what he calls 'real yield' - the salary and bonuses to officers and directo...Read More
(IDEX Online) - Police in the US are hunting a raider who pepper-sprayed a female staff member during a raid on the jewelry counter at a Kohl's department store.The suspect was caught on surveillance footage smashing a display case with a hammer and stealing wedding rings valued at $80,000.The worker was injured by the pepper spray , but no further details of her condition were given.The susp...Read More
Ur-Energy to boost production at Lost CreekSPONSOREDur-energyBradda Head eyes Arizona pegmatite prizeSPONSOREDbradda head lithiumSheffield forges ahead at Thunderbird mineral sands projectSPONSOREDsheffield resources limitedCan EV battery metal continue its incredible bull run?SPONSOREDGanfeng estimated its net profit for the year would be between RMB18 billion to RMB22 billion, while Zijin's prel...Read More
Ur-Energy to boost production at Lost CreekSPONSOREDur-energyBradda Head eyes Arizona pegmatite prizeSPONSOREDbradda head lithiumSheffield forges ahead at Thunderbird mineral sands projectSPONSOREDsheffield resources limitedCan EV battery metal continue its incredible bull run?SPONSOREDIn the three months to December 2022 Sylvania produced 19,276 4E PGM oz from its dump operations, which process c...Read More
Mining giant Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) apologized on Monday for the loss of a small, but "highly radioactive" capsule that has triggered a radiation alert across parts of the vast state of Western Australia.The tiny capsule is believed to have fallen from a truck somewhere along a 1,400-km highway through the Western Australian desert, a shorter distance than the route stretching f...Read More
Canada's zinc-air battery developer Zinc8 Energy Solutions (CSE: ZAIR, US-OTC: ZAIRF) has been approved for a grant from Empire State Development of up to US$9 million as an incentive for the company to establish its first U.S.-based production facility in New York State.The grant is part of a new framework announced by Governor Kathy Hochul, whose goal is for the state to achieve 70% renewable el...Read More
Shares in European Metals Holdings (LSE: EMH; ASX: EMH) jumped on Monday in both Sydney and London after it said its Cinovec lithium project had been classified as strategic for the Czech Republic's Usti region.The nomination means the project will be given priority for grant funding from the Just Transition Fund (JTF), which supports European Union regions relying on fossil fuels and high-emissio...Read More