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
(IDEX Online) - Christie's says sales in Hong Kong so far this year have been the third highest since it opened in 1986.It says the running total is currently $835m, which is above pre-pandemic levels.It said sales of watches raised over $69m during the year and last month's Magnificent Jewels sale, including a collection owned by retired actress Rosamund Kwan raised over $46m.More than...Read More
We note - with eyebrows rather raised - the curious arrest of Mr. Sam Bankman-Fried.Bahamian authorities collared and jugged the disgraced former FTX chief and aspiring Madoff on Monday.The collaring and jugging were executed at the request of the United States government.The business transpired hours before he was scheduled to (remotely) appear before the United States House Committee on Financia...Read More
The world's top lithium supplier Albemarle (NYSE: ALB) will invest at least US$180 million to build a new technology park in North Carolina, where it expects to advance its research in lithium and other products.The miner expects that innovations from the new site, to be located in Charlotte's University City area, will improve lithium recovery and production methods, as well as introduce new for...Read More
Bunker Hill Mining (CSE: BNKR, OTCQB: BHLL) has completed its underground development 'breakthrough' down to the sixth level of its zinc-lead-silver mine in Idaho.The old maintenance shop was demolished in preparation for construction of the mill, and it remains on track and on budget for a restart of the mine in the fourth quarter of 2023.On Tuesday, mining contractor CMC completed the primary po...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, geopoliticsSPONSOREDBHP and Rio Tinto shares each hit six-month highs on Friday amid an improving outlook d...Read More
(IDEX Online) - The Diavik Diamond Mine has been fined $110,000 (CA$150,000) by a court in Canada for a health and safety breach after an excavator operator was blinded in an accident.Steve Houle, 50, was trapped for four hours in his cab after it was crushed by a slab of stone after a blasting operation in November 2020.He suffered multiple injuries, lost his sight in both eyes and had a toe ampu...Read More
Frontier Lithium (TSXV: FL; US-OTC: LITOF) has released results for seven more drill holes at its Spark pegmatite, part of its PAK lithium project in Ontario.The highlighted drill hole (DDH PL-077-22) intersected 126.8 metres of pegmatite averaging 1.31% Li2O from 56.9 metres depth. Within the intercept were two narrow lithium and tantalum enriched zones at depth, including 11.1 metres averaging 1...Read More
Brixton Metals (TSXV: BBB) says the first batch of drill results from its Langis cobalt project in northeast Ontario confirms high-grade ore. Hole LM-22-254 cut 30.5 metres of 0.35% cobalt, 5.97 grams silver per tonne and 0.08% nickel from 121 metres down hole, Brixton said in a news release on Dec. 13. The core included 10.02 metres of 0.92% cobalt, 3.5 metres of 1.89% cobalt and 0.5 metre of 9....Read More
(IDEX Online) - The newly-appointed CEO of Australian fashion jewelry business Lovisa is under fire over his US$14.2m annual earnings.Victor Herrero, 51, has been revealed as one of the country's highest-paid bosses, at a time when his company is facing a class action for allegedly underpaying staff by up to US$21.7m.A salary survey by The Australian Financial Review (AFR) put Herrero way ahe...Read More
(IDEX Online) - Pink sapphires exposed to sunlight or incandescent illumination can undergo significant and "unusual" color changes, says GIA.They can acquire the same coloration as highly-prized padparadscha sapphires - a unique mix of pink and orange - or even turn completely orange.The gems are routinely tested for color stability, by exposure to bright light for several hours, which causes an...Read More
Shares in leading miners, including Newmont, Barrick Gold, Agnico Eagle Mines, Freeport-McMoran and Kinross Gold made gains of over 4% in early trade in Toronto and New York.Read More
(IDEX Online) - A "new" precious gem, found only in Israel, is now being sold in biblically-themed pieces of jewelry costing up to $1m.Carmeltazite was first discovered in 2014 at Mount Carmel, from which it takes its name, and has since been recognized by the International Mineralogical Association.Small quantities of the mineral are being recovered by the Shefa mining company at the Kishon mine....Read More
"Permitting and construction is usually a sleepy time for the stock, and that was exactly when Goldcorp came for Canadian Malartic as we were finishing the ramp-up.Read More
This week's episode features Northern Miner podcast host Adrian Pocobelli on mining stories from around the world, including spoofing charges against JP Morgant traders, pipeline updates, LME buyout rumours, BRICS+ developments, as well as the resurgence of coal in the United Kingdom and upward momentum in metals prices.All this and more with host Adrian Pocobelli."Rattlesnake Railroad", "Big West...Read More
Global Atomic homes in on Dasa financingSPONSOREDglobal atomic corpUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDDenison eyeing low-cost in-situ recovery in Canada's high-grade Athabasca BasinSPONSOREDdenison minesFeasibility study imminent at Fission's high-grade, low-cost uranium project SPONSOREDfission uraniumHambro is co-manager of UK-listed BlackRock World...Read More
Global Atomic homes in on Dasa financingSPONSOREDglobal atomic corpUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDDenison eyeing low-cost in-situ recovery in Canada's high-grade Athabasca BasinSPONSOREDdenison minesFeasibility study imminent at Fission's high-grade, low-cost uranium project SPONSOREDfission uraniumIndonesia, the world's largest nickel producer, ha...Read More
"Freeport-McMoRan reported that its Cerro Verde copper mine is experiencing delays in the transport of supplies and products due to political protests but that mine operations are running normally asRead More
Chile's water regulator has fined Lundin's subsidiary Ojos del Salado US$138,000 - the maximum possible amount under the country's regulations - as a consequence of the sinkhole that appeared near theRead More
Pardo reviewed a sample of the 7200 mining concessions and reported finding widespread irregularities, significant sums in payments owed to the state, inefficiency and corruption by agencyRead More
"The Yamana setback should not be allowed to impede the company's strategy," Griffith said.Read More