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

Mexico, which nationalized lithium resources in April, plans to start producing lithium batteries in late 2023 as it has secured foreign investment and the backing of the United States, its leading trading partner."We have already prepared for 2023 investments from companies from South Korea, China, and a program agreed with the U.S. to start producing batteries in Mexico, we hope in the third or...Read More

The tonnage of ore extracted from the earth in a day is vast at the world's largest mines - owned and operated by the majors of the industry.Using data compiled by Mining Intelligence, the latest top ten list ranks the world's biggest mines measured by millions of tonnes of ore mined, or where no data is reported, milled during the first to third quarters of 2022.Notably, all the mines on Mining...Read More

Turquoise Hill Resources (TSX: TQR) has set Dec. 9 as the date its shareholders will finally vote on the proposed US$3.3-billion takeover of the company by Rio Tinto (NYSE: RIO; LON: RIO; ASX: RIO).The meeting has been repeatedly delayed because of the opposition of key minority shareholders in Turquoise Hill, mainly U.S.-based fund managers. The situation took a turn for the worst earlier this m...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, geopoliticsSPONSOREDGreat Panther and Newrange mutually terminated the agreement after the seller's...Read More

Say what you will about old industrial era titans like Andrew Carnegie, John D. Rockefeller, George Westinghouse, or J.J. Hill. At least they created steel mills, oil refineries, electrical equipment plants and rail lines, the infrastructure of prosperity.But Twitter? At the end of every day, is there any legacy value in anything that resides within the Twitter ether? If Twitter didn't exist, woul...Read More

Let's discuss the so-called "tech" sector for just a moment and how it turned into stock market roadkill in 2022.Then we'll address how it sets up a favorable new investment climate for hard assets in the coming year.I admit, I have little use for the tech sector except to say that what we in the West call tech isn't really tech. Most of it is hyped-up relational database vaporware. And if much of...Read More

Ghana plans to buy oil with gold instead of U.S. dollarsRead full newsRead More

Ghana plans to buy oil with gold instead of U.S. dollarsRead full newsRead More

Share this article TORONTO - Melkior Resources Inc. [MKR-TSXV] reported results from the first drill hole at the Genex project near Timmins, Ontario GEN-22-01 intersected 2.23 g/t gold equivalent over 24.5 metres (0.24 g/t gold, 1.15% copper, 0.52% zinc and 3.92 g/t silver), including 3.69 g/t AuEq over 7.78 metres (0.32 g/t Au, 2.29% Cu and 5.24 g/t Ag), successfully extending the Genex shaft zo...Read More

Filo Mining has made public results from two drilling holes at its flagship project which has already attracted investment from BHP. Highlights include Hole 62 with 1,313m @ 0.Read More

Final EPA approval for the Florence in-situ leach mine, which is being developed on privately-owned rather than federal land, could become one of just a handful of new copper schemes that haveRead 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 Women's Executive Network: Canada's Most Powerful WomenSPONSOREDonyen corporationThe fall resulted in a profit of £222 million (US$268.31)...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 Women's Executive Network: Canada's Most Powerful WomenSPONSOREDonyen corporationTirupati has completed construction on a second preconcentrate p...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 Women's Executive Network: Canada's Most Powerful WomenSPONSOREDonyen corporationBut is this the right approach for the industry, which needs to...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 Women's Executive Network: Canada's Most Powerful WomenSPONSOREDonyen corporationMacKenzie told investors that BHP was "a very different company...Read More

(IDEX Online) - Petra today announced sales of $61.3m during an extended October tender, in what it described as a "somewhat muted market".Revenue from its Tender 2 FY 2023 were down 40 per cent on Tender 1, in September, though the miner noted that volumes for the second tender cycle are typically lower than the first.Average price per carat fell sharply by 31 per cent from $198 at Tender 1 of FY...Read More

(IDEX Online) - A pink diamond valued at up to $35m has been withdrawn without explanation from auction in New York.The 13.15-carat emerald-cut fancy vivid gem, described as "VVS1 clarity, potentially internally flawless", had been due to lead Christie's Magnificent Jewels auction on 6 December.The auction house confirmed the diamond, belonging to a private collector, had been pulled from the...Read More

(IDEX Online) - Rolex is reportedly planning a $1bn new factory, which would create 2,000 jobs and allow it to crank up production.The company, privately owned by the Hans Wilsdorf Foundation currently produces just over 1m watches a year, but demand always outstrips supply. Rolex had a turnover of almost $8 billion in 2021, according to Morgan Stanley.Acccording to Swiss TV and newspaper rep...Read More

"Our disagreement with consensus is even more visible when we focus on recession probabilities," Goldman said.Read More

Ontario is starting a two-year, $5 million critical minerals innovation fund to support research and development of new technologies. The fund is to support Ontario-based new technologies in the supply chain for green energy like electric vehicles by connecting mineral resources in the north with manufacturing in the south, provincial mines minister George Pirie said in a news release on Thursd...Read More