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
London and Pretoria announced a partnership to promote the responsible exploration, development, production, and processing of critical minerals in South Africa.In a statement, both governments said that this new collaboration will start with the launching of regular ministerial and technical dialogues between South Africa's Department for Mineral Resources and Energy and the U.K.'s Department for...Read More
Metal Energy Corp. (TSXV: MERG; US-OTC: MEEEF) a Toronto-based battery metal exploration company, is actively expanding high-grade nickel sulphide mineralization at the past-producing Manibridge mine in the world-class Thompson Nickel Belt of northern Manitoba.The company is expecting to complete a 10,000-metre diamond drill program in December at Manibridge, a former Falconbridge operation that p...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
(IDEX Online) - Mountain Province Diamond (MPD) says it has found more kimberlite during explorations at its Kennady North project in Northwest Territories, Canada, on the edge of the Arctic Circle.It's in addition to the kimberlite identified earlier this year, also on land surrounding the Gahcho Kue mine. The two finds are 450 meters apart.MPD said in a statement that the kimberlite was "a...Read More
(IDEX Online) - Fugitive Indian diamond merchant Jatin Mehta has lost his legal challenge against the freezing of his assets, worth $932m, by a British court.The high court in London ruled that the worldwide freezing order (WFO) imposed in May 2022 on Mehta and his family must continue.He is accused of defrauding15 lenders out of more than $1bn lent to his companies Winsome Diamonds and Jewellery...Read More
(IDEX Online) - India's government has pledged its support for the country's growing lab grown diamond industry as it aims to reach $5m of annual exports.Piyush Goyal (pictured), minister for commerce and industry, said it was working aggressively to develop both the growing and manufacture.He urged industry leaders in Surat to prepare a vision document and said he would share it with Pr...Read More
The midterm elections, the "most important elections of our lifetimes," are over. Whoever won, it wasn't really going to change much. Today's system is simply too deeply entrenched.While the much-touted differences between America’s political parties get obsessive, hysterical attention, the sameness of Imperial corruption, waste and squalor regardless of who’s in power gets little noti...Read More
Rights associated with the Investor Rights Agreement have been ExtendedWestern Copper and Gold Corporation (Read full newsRead 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 awards, now in their 45th year, will be presented during the 2023 PDAC Conve...Read More
EU capitals have become anxious that the US$369 billion in financial support and tax breaks contained in the IRA will put their own industries - including electric vehicle manufacturers - at a seriousRead 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 meeting has been repeatedly delayed because of setbacks in how key minority...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, geopoliticsSPONSOREDPingüino is 15km north of E2's Conserrat project in Santa Cruz province and...Read More
New York-listed IAMGOLD has announced the death of an employee as a result of injuries sustained in an off-site accident in Burkina Faso.Read More
Miners are increasingly concerned about the potential impact of the road blockages to interrupt the supply of inputs and fuel to their operations.Read More
Tees Valley Lithium (TVL), a fully owned subsidiary of Alkemy, as received permission to build the UK's first lithium hydroxide refinery from Redcar & Cleveland Borough Council.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, geopoliticsSPONSOREDWaratah is owned by iron ore billionaire and former politician Clive Palmer.Read More
Copper's 10% price rise from US$3.30 a pound to $3.Read More
Austral Gold (TSXV: AGLD; ASX: AGD) is selling its Pinguino polymetallic project in Argentina to E2 Metals (ASX: E2M) for US$10 million in cash and shares, the companies said on Friday. The deal is for US$5 million in cash, with US$2.5 million paid on closing plus staggered payments of US$750,000 on the first and second anniversaries of closing and US$1 million on the third, the companies said in...Read More
Great Panther Mining (US-OTC: GPLDK) and Newrange Gold (TSXV: NRG) have called off a planned share purchase agreement that would have seen Newrange take full control of the Coricancha gold-silver-lead-zinc-copper mine in Peru.The initial agreement announced on Oct. 26 outlined a plan for cash-strapped Great Panther to sell its Peruvian subsidiaries, Great Panther Silver Peru SAC and Great Pant...Read More
Atalaya Mining (TSX: AYM) shares took off on Friday morning following the latest update on its regional exploration program in southern Spain, which included a potential new massive sulphide discovery and new high-grade zone at the Proyecto Masa Valverde (PMV) project.Drilling along the Mojarra trend at PMV has resulted in a potential discovery was made via intersection of 18.8 metres of polymeta...Read More