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 S&P/TSX Venture Composite Index added 33.22 points or 5.7% over the Jan. 6-13 trading period to end at 615.11. Dynasty Gold was the week's second-highest gainer by percentage, surging 175% from a low of 10 ? during the week, to close at 28 ? after reporting its best drill results yet from the Thundercloud property in northwest Ontario. One hole, from a new area that hadn't been drilled,...Read More
The Dow Jones Industrial Average gained an impressive 672 points or 2% during the Jan. 9-13 trading week to close at 34,302.61, and the S&P 500 gained 104.01 or 2.7% over the week to 3,999.09.The week's top value gainer was Southern Copper, which added US$9.66 to close at US$77.06. On the heels of the rising price of copper, Southern Copper shares have already gained 25% this year. A falling U.S....Read More
CaNickel Mining (TSXV: CML) has released results of a preliminary economic assessment (PEA) and mineral resource estimate on the company's Bucko Lake nickel mine, outlining a 13-year project with average annual production of 7.8 million lb. of nickel. The mine, located 110 km southwest of Thompson, Man., near the Town of Wabowden. is estimated to have average cash costs and all-in sustaining cos...Read More
The S&P/TSX Composite Index rose 545.6 points or 2.75% to finish the Jan. 9-13 trading week at 20,360.10 and the S&P/TSX Global Mining Index gained 4.94 points or 4.25% to 121.30. The S&P/TSX Global Base Metals Index jumped 12.72 points or 6.62% to 204.80 and the S&P/TSX Global Gold Index advanced 8.95 points or 2.96% to 310.97. Spot gold increased US$54.90 per oz. or 2.94% to US$1,920.60 per ounc...Read More
Rio Tinto has developed the Nuton technologies, an extensive portfolio of advanced copper heap leaching technologies targeted at primary sulfide minerals including lower grade minerals, which couldRead More
4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootRed Dirt rockets toward mining in 2023SPONSOREDred dirt metalsAlien Metals accelerates toward productionSPONSOREDalien metalsMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streamingThe gains come as the bullion price hits its highest level in around eight months on expectations of a possible s...Read More
4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootRed Dirt rockets toward mining in 2023SPONSOREDred dirt metalsAlien Metals accelerates toward productionSPONSOREDalien metalsMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streamingSenior management from the firm will hold a conference call on the results on February 17. Market consensus curre...Read More
(IDEX Online) - Authorities in Angola seized over 2,000 diamonds, described as being "of several carats" last year, together with illegal mining equipment.They have made repeated efforts to counter diamond trafficking - deporting 250,000 smugglers between 2003 and 2006 - and have faced ongoing allegations over "conflict diamonds".During 2022 defense and security bodies seized 2,028 diamonds and a...Read More
Share this article VANCOUVER - Northwest Copper Corp. [NWST-TSXV] shares jumped 19% in active trading Monday after company released more results form 2022 drilling at its Kwanika-Stardust project in British Columbia.The company said drill hole K-22-255 has returned one of the longest and highest-grade copper-gold intervals ever completed at Kwanika. It intersected almost 400 metres of 1.01% CuEq...Read More
4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootRed Dirt rockets toward mining in 2023SPONSOREDred dirt metalsAlien Metals accelerates toward productionSPONSOREDalien metalsMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streamingThe company, best known for its iron ore interests, said recent exploration efforts in northern Sweden's Kiruna a...Read More
(IDEX Online) - Poland and Lithuania say they will again push for an end to Belgium's diamond trade with Russia.Diplomats from both countries are demanding tougher EU sanctions against Russia and its ally Belarus as the war in Ukraine approaches its first anniversary."Once again there is an attempt to extend sanctions on the export of Russian diamonds. The value of diamond exports to the Russ...Read More
(IDEX Online) - Chinese owners of IGI (International Gemological Institute) are reportedly considering a sale of the network of 20 diamond grading labs, in a move that would value it at $215m.Fosun International Ltd, one of China's first enterprises to develop overseas market, is seeking to shed a total of $11 bn of assets in a move aimed at boosting investor confidence, according to Bloomber...Read More
(IDEX Online) - JCK has announced details of its second show since the Covid pandemic.Organizers say 30,000 industry professionals flocked to Las Vegas last year after the 2020 and 2021 events were canceled.Registration is now open for JCK 2023 at The Venetian Expo and The Venetian from 2 to 5 June."JCK is the place where connections are made, trends are discovered, major industry news is announce...Read More
4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootRed Dirt rockets toward mining in 2023SPONSOREDred dirt metalsAlien Metals accelerates toward productionSPONSOREDalien metalsMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streaming"We will stop mining projects that put water at risk. Jerico will be an agricultural and ecological district," sa...Read More
The campsite at Glencore's Antapaccay copper mine in southern Peru was vandalized by a group of people protesting against the country's new president and demanding a general election.According to local media, the incident took place on Friday morning when the protesters broke into the site's water plant and set the facility on fire. The plant provides drinking water to over 6,000 people in nearby...Read More
What if the “black swan” of 2023 is the Federal Reserve succeeds? Two stipulations here:1. “Black swan” is in quotes because the common usage has widened to include events that don’t match Nassim Taleb’s original criteria/definition of black swan; the term now includes events considered unlikely or that are off the radar screens of both the media and the alt-med...Read More
I hate to sound jaded, but living in Baltimore, I hear about a lot of shootings. And it kind of just becomes noise after a while.At least until it happens at a school. Unfortunately, school shootings have become devastatingly routine on a national level. Yet they never cease to disgust. That was the case for me last week when a double shooting sent a Baltimore high school into lockdown.In that...Read More
Streamsong Resort, one of the world's leading golf destinations, and approximately 7,000 acres of land in which it sits were sold to a subsidiary of Chicago-based KemperSports.Read More
"We are pleased to receive positive recommendations from ISS and Glass Lewis, which reaffirm our strategic rationale for the Arrangement and the resulting benefits to shareholders," said MichaelRead More
Lundin Gold beat guidance and produced a record 476,329oz of gold in 2022 from its Fruta del Norte mine in Ecuador. "For the second year running, Lundin Gold has beaten its production guidance.Read More