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
Share this article VANCOUVER - Paramount Gold Nevada Corp. (PZG-NYSE American) said Tuesday the Federal Bureau of Land Management (BLM) has accepted the plan of operations for the proposed high-grade underground Grassy Mountain gold mine in eastern Oregon as complete.With completeness, Paramount said the BLM will issue a notice of intent, thereby initiating the Environmental Impact Statement proc...Read More
(IDEX Online) - Lucara has announced increased forecasts for 2023 diamond sales and recoveries.The Canadian miner expects to sell $200m to $230m from its 100 per cent owned Karowe mine, in Botswana, an increase on it 2022 forecast of $185m to $215m.It forecasts sales of 385,000 to 415,000 carats (up from 300,000 to 340,000 carats in 2022) and expects to recover 395,000 to 425,000 carats (an increa...Read More
Global Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumAura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy Uranium revival takes off as reality hits on energy, geopoliticsSPONSOREDLondon is awash with rumours of a bidding war between Jiangxi, the largest coppe...Read More
Osisko Mining (TSX: OSK) has delivered a positive feasibility study for its high-grade Windfall gold project in Quebec that outlines average annual production of 306,000 oz. of gold over a 10-year mine life.The numbers for Windfall, located in Urban Township, Eeyou Istchee James Bay, Que., all point toward a successful underground, dual ramp-access project with an on-site mill. According to the f...Read More
It's not the mechanism or the engineering that confuses me. Those are both shockingly simple. No, what truly blows me away is that no one has built one until now. Long-term storage is one of the most common criticisms for renewable energy. It's a major consideration, but not the dealbreaker that green energy opponents think it is. "But where will we get the batteries?" they tend to whine, "And...Read More
Global Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumAura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy Uranium revival takes off as reality hits on energy, geopoliticsSPONSOREDThe ongoing rivalry between the world's fourth and third-largest gold miners by...Read More
New Found Gold's (TSXV: NFG) high-grade Queensway project in central Newfoundland may be fundamentally altered after surprising drilling results from a zone it nearly dismissed. This week the Vancouver-based company reported diamond drill hole NFGC-22-960 at the Keats West area intersected 42.6 grams gold per tonne over 32 metres. That followed last week's 18.6 grams gold per tonne over 15.95 me...Read More
The union, Sindicato No.1, said that they moved to accept the offer which relates not just to wage increase, but also better health and safety conditions at the mine site.Read More
Rupert Resources (TSXV: RUP) announced the results from its preliminary economic assessment (PEA study) for the company's 100%-owned Rupert Lapland project, including its flagship Ikkari gold discovery and Pahtavaara mine and mill located in northern Finland.According to the study, the after-tax net present value (at a 5% discount) comes to US$1.6 billion. The unlevered internal rate of return was...Read More
(IDEX Online) - Experts say satellite monitoring of the dam that burst at the Williamson diamond mine, in Tanzania, would have revealed signs of instability.Thick gray sludge - waste from the mining operation - flooded an area at least five miles long after a wall in the tailings storage facility (TSF) was breached earlier this month.Value.Space, a UK based tech company, says Interferometric Synth...Read More
(IDEX Online) - Faberge has launched a series of high jewelry creations inspired by the TV fantasy drama Game of Thrones.The collection will be launched in a series of 'chapters' over the next two years, staring with Chapter One: Dragon. It features five designs, with each creation limited to 10 collectible pieces.It lifts design details from the dramatic sets, costumes, characters...Read More
Share this article TORONTO - Power Nickel Inc. [PNPN-TSXV, CMETF-OTCQB] on Monday said initial results from drilling at its Nisk nickel sulphate project near James Bay, Quebec have confirmed the presence of high-grade nickel-copper-cobalt-platinum group element (PGE) mineralization in the Main zone.It said results have also extended the mineralization by an additional 150 metres at depth and to t...Read More
Self-styled royalty consolidator Metalla Royalty & Streaming (TSXV: MYA; NYSE-AM: MTA) has signed a deal to acquire a portfolio of eight precious metals royalties from First Majestic Silver (TSX: FR; NYSE: AG) in exchange for US$20 million in Metalla scrip.The deal will add about 7 million silver-equivalent ounces at about US$2.90 per oz. on royalties covering an underlying 343 million oz. of meta...Read More
Alberta-focused E3 Lithium (TSXV: ETL; OTC: EEMMF) has received a $27 million investment from the federal government's Strategic Innovation Fund (SIF), the company said on Monday. The SIF, a program of Innovation, Science and Economic Development Canada provides funding for projects in manufacturing, agri-food, clean technology and health and biosciences.As Alberta's leading lithium developer a...Read More
Precious metals miner Sibanye-Stillwater (JSE: SSW; NYSE: SBSW) approved on Monday a ?,?588 million ($821.6 million) investment to advance its Keliber lithium project in Finland.The South African miner said its board-approved capital expenditure program would start with construction of a lithium hydroxide refinery within Finland's Kokkola Industrial Park, located about 480 km north of Helsinki. T...Read More
Unionized workers at Escondida mine in northern Chile have accepted BHP's (NYSE: BHP; LSE: BHP; ASX: BHP) latest offer and will not move forward with a strike that was planned for Nov. 28 and 30.Workers at Sindicato 1, which represents more than 2,000 members, backed on Monday the agreement reached last week between union representatives and the Australian miner.The deal, which was subject to vo...Read More
Global Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumAura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy Uranium revival takes off as reality hits on energy, geopoliticsSPONSOREDThat simple observation goes to the heart of what the father of market economics...Read More
Project construction is now halfway complete, with first concentration production planned for the third quarter of 2023, with the final project cost estimate of US$173 million.Read More
Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company Mining Intelligence (www.miningintelligence.com).Projects in Ecuador, Australia and Canada led the Nov. 18-25 period. Drilling at Lundin Gold's (TSX: LUG) Fruta del Norte project in southeast Ecuador topped the chart, followed by De Grey...Read More
It's official - good times are here again!Black Friday's sales set a new record this year, up 2.3% over 2021. Thanksgiving online sales were also up 2.9%. So don't listen to any gloom and doom talk about a recession. Just look at the numbers.That's what they'll tell you. Well, here's what they won’t tell you:All of those sales figures are nominal. In other words, they don't account for infla...Read More