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
Signs of a potential agreement between the Panama government and mine operator First Quantum Minerals on fiscal and legal safeguards are seen as supportive to Franco-Nevada's share price as the firm'sRead More
The Northern Miner has put together a list of five trends we believe encapsulate the drama of 2022. 1 Geopolitical 'curveballs' Russia's invasion of Ukraine was certainly the biggest geopolitical shock of 2022 - and one that continues to disrupt commodities markets and feed an energy crisis in Europe. While miners have benefitted from higher prices, it's come at the cost of great uncertainty and...Read More
Gatos Silver (NYSE, TSX: GATO) shares rose by 12% Wednesday after the company saw its best ever quarter and calendar year for silver production at its Cerro Los Gatos (CLG) mine, comfortably beating its 2022 production guidance, Gatos said in a news release Tuesday. For the year, the Mexico-focused silver miner posted a record 10.3 million oz. at its 70%-owned CLG mine, up 36% from the 7.6 millio...Read More
Cypress Development advances Nevada lithium project towards productionSPONSOREDcypress development corp4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streaming Khalid Al-Filah, the Saudi minister of investment touted "the capability of the kingdom to be of service to global supply chain,"...Read More
Managing risk while war wages in Europe, inflation stings and recession looms is a long-term task best tackled by improving education and living standards in developing nations, Barrick Gold (TSX: ABX; NYSE: GOLD) chief Mark Bristow says."Historically the mining industry has often invested not to make money for its in-country stakeholders and that game is over," Bristow said in an exclusive interv...Read More
SQM has made an initial $4.2 million investment in Azure at 25.64c, a 13.9% premium to Azure's last closing price on Friday. The two-stage transaction will see SQM invest a further $15.Read More
(IDEX Online) - Diamond miners in Lesotho have been accused of polluting rivers in the landlocked kingdom.The royalties it receives from South Africa for water far outweigh its annual diamond revenue. (Forecast at $70m compared to $12.7bn for the current financial year).But a confidential report reveals harmful levels of toxic mining effluent in rivers that feed the Lesotho Highlands Water P...Read More
Gold and silver bulls haven't been this excited in years.Precious metals started 2023 with a very impressive surge in prices.Gold prices have risen higher than $1,880 an ounce, while COMEX silver has recently approached $25 an ounce.However, the rally in precious metal prices might experience a temporary cool-off as investors digest this week's inflation data and look ahead to the Federal Res...Read More
(IDEX online) - A family jewelry business in the US is suing its bank after cybercriminals stole $1.6m from its accounts.Joyce's Jewelry, in Pittsburgh, Pennsylvania, accuses PNC Bank, of failing to "keep its hard-earned money safe". In a lawsuit filed in the US District Court in Pittsburgh it alleges the bank failed to notify it or freeze its four accounts when they were hacked.The...Read More
The project is one of a number held by the London and Toronto-listed junior in a portfolio also featuring sedimentary and brine deposits - all located in the southwestern United States. But it is the hard rock - or pegmatite - asset which Bradda Head CEO Charles Bradda Head CEO Charles FitzRoy FitzRoy sees as a potential game-changer. "That's what's really going to dif...Read More
Developer Arizona Sonoran Copper (TSX: ASCU; US-OTCQX: ASCUF) moves into a critical new year as it works to complete a resource at Parks Salyer and a prefeasibility study for the Cactus copper project in Arizona by year-end.In outlining its updated work plan, the company said it would undertake drilling, metallurgy, detailed engineering, permitting and technical studies, as well as work to build t...Read More
Cypress Development advances Nevada lithium project towards productionSPONSOREDcypress development corp4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streamingPanAm shareholders are expected to vote in favour of the purchase of Yamana on January 31, which will give PanAm four additional produc...Read More
The government of Panama expressed its discontent on Wednesday with the latest investor update given by First Quantum Minerals (TSX: FM) about the Cobre Panama contract negotiations, saying it contained several inaccuracies that could mislead investors.The Canadian miner's chief executive officer, Tristan Pascall, said in a Tuesday call with analysts that the parties had made significant progress...Read More
The agreement will see Ma'aden invest US$126.4 million in Ivanhoe Electric equity, at the same time as the two companies set up a 50/50 exploration joint venture.Read More
Your editor entertains a theory:We Americans are frogs. We are frogs wallowing blissfully in a pot of fatally warming water.We boil gradually away, unaware... comfortable... arrogant... and ignorant.That is, we the American people have grown so accustomed to the warmth enwombing us - and for so long - we are incapable of detecting the ratcheting heat.We will never jump the pot. We are simply too c...Read More
Investors bullish on gold can consider buying mining stocks such as Barrick Gold right now. The post Should You Buy Gold Stocks In 2023? appeared first on The Motley Fool Canada.Read full newsRead More
Many contractors spend money on Facebook with very little to show for it, so it's well worth it to consider allocating some of that time and money toward LinkedIn.Read full newsRead More
WHITEHORSE, Yukon, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Victoria Gold Corp. (TSX-VGCX) ("Victoria" or the "Company") produced 43,741 ounces gold during the period October 1 to December 31, 2022; the fourth quarter ("Q4") of 2022. Full year 2022 Eagle gold production was 150,182 ounces. Eagle Gold Mine Production - 2022 by Quarter Q1Q2Q3Q42022Ore minedmillions of tonnes1.32.22.11.67.2Waste minedmillio...Read More
George Wheeler agreed to a grubstake, in the usual legal 50-50 share basis.Read full newsRead More
Mining investments can range from precious metals like gold to the lithium and cobalt in our modern technologies. Learn to pick the best mining industry stocks.Read full newsRead More