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
Aura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy Women's Executive Network: Canada's Most Powerful WomenSPONSOREDonyen corporationBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumGold Fields CEO Chris Griffith and Yamana executive chair Peter Marrone have spent much of the time since May touting the valu...Read More
Aura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy Women's Executive Network: Canada's Most Powerful WomenSPONSOREDonyen corporationBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumDe Beers diamond sales in the ninth cycle were US$450 million, a drop of 11.4% from the last sale cycle, but up by 2.7% year-on-yea...Read More
(IDEX Online) - Christie's is to auction another huge pink diamond, this time a 13.15-carat gem with a high estimate of $35m.It's just a week since it sold the 18.18-carat pear-shaped Fortune Pink for $28.8m (Estimate $25m to $35m) in Geneva.Next month the "magnificently" fancy vivid diamond, described as "VVS1 clarity, potentially internally flawless", will be offered for sale in New Yo...Read More
The latest disruption comes after protestors gained access to the mine and burned some non-essential infrastructure two weeks ago.Read More
(IDEX Online) - Jeans company Wrangler is to auction a $40,000 one-off diamond-encrusted cowboy belt buckle for good causes.It was created with 75 diamonds - total weight 6.34 carats - to mark its 75th anniversary, together with yellow gold, blue topaz and sterling silver accents. All proceeds will go to the independent non-profit organizations Western Sports Foundation and Lead Changes...Read More
Aura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy Women's Executive Network: Canada's Most Powerful WomenSPONSOREDonyen corporationBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumJapan's prime minister Kishida Fumio said the move is aimed at fast-tracking Indonesia's "realistic but ambitious transition from c...Read More
(IDEX Online) - The 170.2-carat Lulo Rose, believed to be the largest pink diamond found in the last 300 years, has been sold at tender.The price paid for the stone, named after the alluvial mine in Angola where it was recovered, was not disclosed.But it was among seven specials from the same mine that realized a total of $20.4m, according to Sodiam, Angola's national diamond trading company....Read More
(IDEX Online) - De Beers today reported sales of $450m at its latest cycle, in line with an expected lull due to Diwali. That figure, for Cycle 9, is down from $508m at Cycle 8 and $638m at Cycle 7, but is broadly in line with the same sales period last year ($438m).CEO Bruce Cleaver, CEO, De Beers Group, said: "We saw good demand for our rough diamonds during Cycle 9 with sales reflect...Read More
Aura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy Women's Executive Network: Canada's Most Powerful WomenSPONSOREDonyen corporationBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumThere has been speculation BHP would return with a higher offer for OZ after the board of the copper miner slammed BHP's non-bindin...Read More
Two Vancouver-domiciled gold companies, Getchell Gold Corp. (CSE: GTCH; US-OTCQB: GGLDF) and Elevation Gold Mining (TSXV: ELVT; US-OTCQX: EVGDF), are making gains in their respective Nevada and Arizona-focused exploration drilling programs.Getchell announced on Nov. 15 that the results from a single hole had intersected several significant intervals of gold mineralization at the North Fork zone in...Read More
London-based multinational Anglo American (LSE: AAL) has reached an agreement with the Queensland government to supply all of its Australian power needs from wind and solar generation by 2025 and onwards.The 10-year deal will see Stanwell Corporation, a government-owned power utility, effectively remove all scope two emissions from Anglo American's steelmaking coal business in the country.Scope tw...Read More
Rock Tech Lithium (TSXV: RCK) released a prefeasibility study for its Georgia Lake lithium project in northern Ontario showing lower resource grades and a reduced net present value, while dropping a plan to build a refinery.The updated indicated resource comes to 10.6 million tonnes grading 0.88% lithium oxide, inferred resources of 4.2 million tonnes grading at 1% lithium oxide, the company annou...Read More
Troilus Gold (TSX: TLG; US-OTC: CHXMF) is selling a package of 1,824 claims covering 985 sq. km to Sayona Quebec, a subsidiary of Sayona Mining (ASX: SYA; OTC: SYAXF). The claims are adjacent to and near Sayona's North American Lithium (NAL) project that is returning to production early next year.Yesterday, Sayona offered details of its acquisition of the Vall?(C)e claims adjacent to NAL.In return...Read More
Mining giant BHP (NYSE: BHP; LSE: BHP; ASX: BHP) said on Wednesday the strike announced by unionized workers at its Escondida copper mine in Chile for Nov. 21 and 23, was based on false accusations.A union at the mine, the world's largest copper operation, said workers were concerned for their safety as BHP had allegedly failed to comply with legal regulations and the current collective agreement....Read More
Newcrest Mining (ASX, TSX, PNGX: NCM) said on Wednesday it has resumed operations at its Brucejack gold-silver mine in Canada, which has been closed since late October following the death of a worker.Australia's largest gold producer said that during the three-and-a-half weeks Brucejack was suspended, it reviewed the operation to identify major hazards and corresponding critical controls to preve...Read More
What is this disreputable little newsletter but a chronicle of human nature?More specifically, it is a chronicle of fallen human nature - of man's long and agonized descent from the paradise of Eden.It is a chronicle of man's skyvaulting ambition. Of his fathomless greed. Of his ceaseless dragooning and clubbing of fellow men.In brief... The Daily Reckoning is a chronicle of man's abominable prope...Read More
In the world of junior gold stocks, the most important news comes in the form of drill results.That's simply because drill results are generally used to locate and determine the volume of underground mineral resources - and the more mineral resources a company finds, the better.But unless you're some kind of geology wizard, you might have a hard time understanding how to interpret those drill resu...Read More
Share this article TORONTO - Alamos Gold Inc. [AGI-TSX, NYSE] on Tuesday said drilling has extended high-grade gold mineralization beyond current estimated mineral reserves and resources at the Puerto Del Aire deposit within its Mulatos District operation in Mexico.Alamos is a Canadian-based intermediate gold producer with diversified production from four operating mines in North America, includi...Read More
Aura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy Women's Executive Network: Canada's Most Powerful WomenSPONSOREDonyen corporationBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumSnowline caught the eye of investors with multiple long, high-grade intercepts such as 318.8m grading 2.5 grams per tonne of gold,...Read More
Aura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy Women's Executive Network: Canada's Most Powerful WomenSPONSOREDonyen corporationBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumAt Kanowna Belle in Kalgoorlie, the company announced a new discovery, Joplin, adjacent to the Velvet mining area, where drilling h...Read More