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) - The World Diamond Congress (WDC) is to take place in Israel next March, it has been announced.The Covid pandemic forced organizers to hold the 2020 event online and to cancel the physical congress, which had been due to take place in Hong Kong. The last physical congress, in 2018, was also held in Israel.The World Federation of Diamond Bourses (WFDB) and International Diamond Manuf...Read More
Canada's new critical minerals strategy is focused on government support to develop six key metals - lithium, graphite, nickel, cobalt, copper, and rare earth elements.Read More
(IDEX Online) - The total value of the raid that netted $10m from a Watchmaster vault has now been put at $32m.Sebastian Buchner, spokesman for the Berlin public prosecutor, told reporters on Friday that valuables worth a total of $22m were stolen from lockers rented to private customers at the same venue.Police say the perpetrators, disguised as security guards, sprayed paint on surveillance came...Read More
(IDEX Online) - Surat Diamond Bourse (SDB) is finally set to open by next April, after more than three years of delays.The $355m bourse (pictured) was originally supposed to open in January 2020, according to the SDB website. That was put back by September 2021, and then to 2022. Vallabhbhai Patel, chairman of the SDB project, said the government had now granted permission for the building to...Read More
Are Americans finally realizing that virtually all of the mis-and-dis-information bombarding them for so many years actually comes from the government and the news media channels that serve it?Maybe. Because what we've got now in this country is a Propaganda Industrial Complex waging a PSYOPS war on the people of this land. Why is that?Essentially, to cover up past crimes against the country by pu...Read More
The federal government on Friday unveiled the details of its Critical Minerals Strategy, a plan first introduced in its April budget that earmarks almost $3.8 billion over eight years to further develop Canada's place in the global critical minerals industry.A significant portion of the total funding - $1.5 billion - is allocated over seven years for constructing infrastructure for critical minera...Read More
Nagle made comments during the company's investor day about the need for a higher copper price being fundamental for miners to accept the financial, social, government and execution risks of investingRead 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 uraniumIf an agreement is not reached on that day, the go...Read More
Sinema's decision today will likely complicate the Democratic Party's attempts to steer its recently won narrow majority in the Senate and may also ensure that Senator Joe Manchin of West VirginiaRead More
Feasibility Study Imminent at Fission's High-Grade, Low-Cost Uranium Project SPONSOREDfission uraniumGlobal Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumUranium revival takes off as reality hits on energy, geopoliticsSPONSORED"With the scale-up of the production and sale of Honda's pure el...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 uraniumThe arrangement was approved by approximately 86.6...Read More
Endeavour Silver (TSX: EDR, NYSE: EXK) filed a technical report for its recently acquired Pitarrilla silver-lead-zinc project in Durango state, Mexico that outlines indicated and inferred resources as of Oct. 6.Total indicated resources (open pit and underground) at Pitarrilla are estimated at 158.6 million tonnes grading 96.4 grams silver per tonne, 0.31% lead and 0.74% zinc. Contained metal come...Read More
The document is also expected to find ways to reduce duplication of regulatory approvals between different government agencies.Read More
The global miner cut its 2023 copper production forecast 840,000-930,000t in 2023 compared with a prior estimate of 910,000t-1.02Mt, due to lower grades at its Chilean mines.Read More
Australia-based Latin Resources (ASX: LRS) has reported an initial resource estimate for its Colina hard rock lithium deposit in Brazil after just 10 months of drilling. The deposit, part of its Salinas project in Minas Gerais state, holds 2.1 million tonnes of indicated resource grading 1.21% lithium oxide for 25,100 tonnes of Li2O (or 60,000 tonnes lithium carbonate equivalent), plus 11.2 mil...Read More
Last Friday, Northrop Grumman (NYSE: NOC) unveiled what it's calling the world's first sixth-generation bomber - the B-21 Raider. It's a sleek and stylish plane whose ghostly visage and convex shape make it almost look like a UFO.Almost every aspect of the B-21 remains classified, but Northrop Grumman and Air Force officials have made a few key points about it beyond improved stealth capability a...Read More
I was visiting with a friend recently and she was recounting her early panic over COVID. She has kids and loves them. As a mom, she believed her first duty was to protect them from the bad virus that was floating around. She went into full freak-out mode, keeping the kids indoors and spacing them out. Her heart never stopped racing.One day, she looked out her window and saw that her neighbor's dog...Read More
Young Mining Professionals (YMP), in partnership with The Northern Miner, has opened nominations for the 2023 Young Mining Professional of the Year Awards, the organization said in a release on Thursday. The awards are named after two iconic entrepreneurs in the mining industry, Peter Munk and Eira Thomas.YMP is soliciting nominations from the public to identify the top leaders in the mining and m...Read More
Share this article TORONTO - Infinity Stone Ventures Corp. [GEMS-CSE; GEMSF-OTC; B21-FSE] has completed its fall drill program on the 100%-owned Rockstone graphite project located near Thunder Bay, northwestern Ontario.The company completed drilling of four holes, RS-22-01, RS-22-02, RS-22-03 and RS-22-04, totalling 800 metres. The initial goal of the fall drill program was to confirm the initial...Read More
US President Joe Biden is scheduled to host African leaders in Washington from December 13-15 to "foster new economic engagement," in the words of the State Department.Read More