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
New Found Gold (TSXV:NFG; NYSE-A:NFGC) has announced the expansion of the exploration program at its 100%-owned Queensway project, located on the Trans-Canada Highway, 15 km west of Gander, N.L. To date the company has completed approximately 80% of its current 400,000-metre diamond drill program at Queensway. Approximately 60,000 metres of drill core is pending assay. With 319,000 metres of dril...Read More
(IDEX Online) - Indian Jeweler CaratLane has launched its own range of Harry Potter jewelry in a deal with Warner Bros.There are already a number of licensed collections based on JK Rowling's seven novels and films.The Harry Potter x CaratLane 14-karat gold collection of 61 rings, bracelets, earrings, necklaces and watch charms - some with with diamonds, gemstones, pearls, enamel, and&nb...Read More
This week's episode features Hecla Mining president and CEO Phil Baker in conversation with TRX Gold chief operating officer Andrew Cheatle at the Canadian Mining Symposium in London, England. Phil discusses how Hecla has grown mine life and expanded production at its flagship projects; the importance of employees; and his assessment of the silver market in the context of the energy transition.All...Read More
Canadian explorer and developer Skeena Resources (TSX, NYSE: SKE) said on Tuesday it had closed the sale of a 0.5% net smelter returns royalty (NSR) on its Eskay Creek gold-silver project to Franco-Nevada (TSX, NYSE: FNV) in a deal worth $27 million (US$19.8 million).The transaction, first announced in early December, also gives Skeena an additional cash consideration of $1.5 million.Net proceeds...Read More
4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streamingCypress Development advances Nevada lithium project towards productionSPONSOREDcypress development corpFerrexpo, a Ukrainian iron or pellet producer, said on January 3 that Kostyantin Zhevago has resigned from the board after his arrest o...Read More
Is there a financial calamity worse than a severe recession in early 2023? Unfortunately, the answer is "yes" and it's coming quickly.That greater calamity is a global liquidity crisis. Before considering the dynamics of a global liquidity crisis, it's critical to distinguish between a liquidity crisis and a recession. A recession is part of the business cycle.It's characterized by higher unemploy...Read More
The group blocked the D-835 road which passes through the Salamanca valley seeking monetary compensation for environmental impacts they claimed the mine causes.Read More
Leading regional gold miner Newmont added almost 4% in value to US$49, giving the firm a market capitalisation of $38.8 billion.Read More
Share this article SASKATOON - Fission 3.0 Corp. [FUU-TSXV] said Monday it has begun mobilizing for winter drilling at its 100%-owned Patterson Lake North (PLN) project in Saskatchewan.The company said a 20-hole program of stepout drilling is planned to expand the highly successful drill results from November, 2022, where assays confirmed the shallow depth, wide and continuous mineralization in b...Read More
"I welcome the passage of this new law, which represents a crucial step in the Government's fight against corruption in the coal industry," Mongolia's deputy minister of mining and heavy industry,Read More
I hope you had a very happy and safe holiday season. 2022 is now in the rearview mirror, and it's time to look ahead to 2023. But in order to get a better idea of where we're going, it helps to remember how we got here.To say that 2022 was volatile and confusing for investors is clearly an understatement. Stocks crashed during most of the first half of 2022, rallied back in July and August, droppe...Read More
4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streamingCypress Development advances Nevada lithium project towards productionSPONSOREDcypress development corpMarkets cheered the abandonment of China's COVID zero policy last month and rapid reopening but the country is now faced with a devasta...Read More
The high-purity manganese market may face a deficit as early as 2024, according to people in the industry.An essential component of the steel-making process, manganese has played an increasing role in the battery market. The metal sulphate is an important stabilizing ingredient in the cathodes of batteries widely used in electric vehicles and electronics.Volkswagen, Mercedes, Tesla, and GM are amo...Read More
IDEX Online) - Diamond manufacturer Kalpesh Jetani has been reunited with polished gems he lost on the way to deposit them at a vault in Surat, India.The packet, valued at $8,500, was found by textile entrepreneur Dharmesh Sakhiya, who posted notices at diamond markets across the city's' Varachha district.Mr Jetani spotted one such notice at the Prince Safe Deposit Vault, made contact, a...Read More
Dear Outsider,We finally made it.2023.If you've stuck with us thus far, we thank you.It felt like we'd never get here.Lessons learned from last year?The rich always get richer and the poor always get poorer.Compound interest works in your favor.Crypto companies are a scam.Securities prices will ebb and flow but will always go up over time.Unconstitutional laws continue to benefit the rich and puni...Read More
(IDEX Online) - The world's richest diamond mine for the first three quarters of 2022 was Jwaneng, in Botswana, with 10.3m carats.Orapa, also in Botswana, was second-placed with 8.0m carats, according to newly-published figures from miningintelligence.com.Both mines are operated by Debswana, a partnership between De Beers and the government of Botswana.Third on the list is Udachny mine, opera...Read More
(IDEX Online) - An amethyst and diamond pendant famously worn by the late Princess Diana, is expected to fetch up to $145,000 when it is auctioned by Sotheby's London later this month. The Fleur?? (C)e cross, circa 1920, set with square-cut amethyst and accented by circular-cut diamonds belongs to London-based Garrard, official jeweller to the royal family for 160 years until 2007.Prince...Read More
There are several key elements to having a rational view of likely price movements in precious metals in 2023. The first is accurately understanding what has happened in these markets in 2022 and where they stand as the year begins. The second is forming a sober, fact-based opinion about what has happened, where we stand at the start of 2023, and what is likely to happen in 2023 in the globa...Read More
We present the winner of the 2022 Northern Miner Scholarship, part of the Young Mining Professionals Scholarship Fund. Entrants were asked to write an essay outlining the mining industry's biggest challenges over the next 10 years. For a list of all the 2022 YMP Scholarship winners, visit www.ympscholarships.com/2022-winners.A societal shift is happening - specifically in the mindset of first-worl...Read More
(IDEX Online) - Plans to develop the huge Bunder diamond mine in India, with a potential yield of 34m carats, are facing opposition from environmental groups.Local residents claim the revival of mining activity at Buxwaha, in the central state of Madhya Pradesh, will destroy forest land, cost jobs, displace tribal populations and damage the environment.Rio Tinto leased the site from the state gove...Read More