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

Investors with an interest in iron ore know what that means because the Simandou project in Guinea has long threatened to destabilise the iron ore market and potentially crash the price of the steelRead More

Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (Read full newsRead More

Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) (Read full newsRead More

The deal was signed at a business forum on the sidelines of the US-Africa Leaders Summit in Washington.Read More

A shareholder rift over millions of dollars in executive pay at Snow Lake Resources (NASDAQ: LITM) is rattling the explorer's plans to develop a lithium project in northwest Manitoba. Management postponed a shareholder's meeting today until January after an investors' group that controls 42% of the company said it would try to vote out chief executive officer Philip Gross, chief operating officer...Read More

Marimaca Copper (TSX: MARI) revealed on Thursday the sulphide potential of its Marimaca oxide deposit (MOD) in Chile, with drill hole MAD-22 returning 92 metres at 2.11% total copper from 140 metres, including 22 metres at 5.27% total copper, from 204 metres, in primary sulphides alone.MAD-22 represents a geological/geotechnical diamond drill hole that was drilled from the eastern MOD through the...Read More

Given the tumultuous past two years that saw global markets ebb and flow to extreme degrees, it's perhaps no surprise that the only thing that's certain about the 2023 outlook for commodities is that it's uncertain.Analysts generally agree that the global economy is headed for a slowdown, but forecasts from reputable industry sources feature a wide degree of variability."Our roster of industry s...Read More

(IDEX Online) - Trans Atlantic Gem Sales (TAGS) says it sold over 70 per cent of the $20m of rough offered this month, in what it describes as a "cautious" market, realizing a total of $14m. In November it offered $23m of rough and said only that it had sold more than the 55 per cent it managed at its previous tender. For comparison purposes, its rough sales in July were $35m.In its Dece...Read More

A statement issued by the Ministry of Commerce and Industries said negotiations failed to close on the broad terms the parties agreed in January.Read More

(IDEX Online) -  Rolex is selling its watches on the second-hand market for the first time.It has launched a Certified Pre-owned Programme for watches that are at least three years old, to be operated through Bucherer, its official retailer, in Switzerland, Austria, Germany, France, Denmark and the UK.The move comes at a time when the prices of used Rolex watches are plunging, with, for examp...Read More

Biden's meeting included Nigerian President Muhammadu Buhari, who heads sub-Saharan Africa's largest economy, and President Felix Tshisekedi of the Democratic Republic of the Congo, a leading producerRead More

Barrick Gold (TSX: ABX; NYSE: GOLD) is going ahead with construction of its Reko Diq copper and gold project in Pakistan after the country's top court cleared the path for the Canadian miner.Receiving the court's endorsement was a condition outlined in the settlement reached by Barrick and the government of Pakistan in early December to resume work on Reko Diq.The project, which hosts one of the w...Read More

Look beyond market approach to project valuations: van ZylLeadershipGlobal Atomic homes in on Dasa financingSPONSOREDglobal atomic corpDenison eyeing low-cost in-situ recovery in Canada's high-grade Athabasca BasinSPONSOREDdenison minesUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDThe miner will buy 22.2 million shares at 18c per share, a 26% premium to the five-day...Read More

The miner will buy 22.2 million shares at 18c per share, a 26% premium to the five-day volume-weighted average price of Candente shares. FMG first invested in Candente in early 2020 and holds 52.Read More

The government of Panama has rejected a last-minute proposal by First Quantum Minerals (TSX: FM) to amend its US$375 million a year royalty agreement, casting the operation of the Cobre Panama copper mine into doubt. Panama President Laurentino Cortizo plans to hold a Cabinet meeting and address the nation today on the government's next steps, according to Federico Alfaro Boyd, minister of comm...Read More

Share this article TORONTO - First Quantum Minerals Ltd. (FM-TSX) has released an update on negotiations with the Government of Panama on the framework governing the operation of the Cobre Panama mine by its subsidiary Minera Panama S.A. (MPSA).In a press release, First Quantum said the Government of Panama and MPSA were unable to reach an agreement by the December 14, 2022, deadline imposed by t...Read More

"Following an intrusion of artisanal miners in the perimeter of the operations, an incident with a gendarme has caused one death and one injured among the artisanal miners," Robex said.Read More

(IDEX Online) - Canadian rapper Drake commissioned a one-off necklace featuring 42 diamonds - one for each time he considered proposing marriage, but didn't.Previous Engagements was crafted by celebrity jeweler Alex Moss over 14 months, using 351.38 carats of diamonds in a range of cuts (round, emerald, princess and pear) and settings, at a reported cost of $12.5m."Each stone meticulously set...Read More

Global Atomic homes in on Dasa financingSPONSOREDglobal atomic corpDenison eyeing low-cost in-situ recovery in Canada's high-grade Athabasca BasinSPONSOREDdenison minesUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDFeasibility study imminent at Fission's high-grade, low-cost uranium project SPONSOREDfission uraniumLast week's ‘From the Capital' column used t...Read More

(IDEX Online) - Petra saw revenue from rough diamond sales fall by almost a third at this month's tender, down to $42.3m from $61.3m in October/November.The volume sold in Tender 3 FY23 was also down by almost a third as per carat prices remained virtually unchanged. The UK-based miner said the earlier cut-off date for the current cycle was largely to blame for the lower sale. They were...Read More