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
Alta Mesa includes a fully-licensed and constructed ISR processing facility that has an operating capacity of 1.5 million pounds of uranium per year.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 uraniumIt will take a 9.99% stake in TSXV-listed junior Jourdan for a $1.5 million investment and will start an earn-in over 48 claims cov...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 uraniumWhile board members at the company's annual general meeting in Sydney today, including managing director Martin Perez de Solay, wer...Read More
With global copper inventories at their lowest since 2006, this amounted to just one week's worth of stocks in terms of consumption.Read More
This would represent a 31% increase in ore mining rate from the current life of mine average of 1.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 uraniumThe narrow victory of Democratic Senator Catherine Cortez Masto in Nevada in keeping her seat in the gold-producing heartland of th...Read More
Blue 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 corporationTalk in the past about energy security has turned the spotlight on oil and gas, but today it increasingly means securing supply lin...Read More
(IDEX Online) - Lab grown manufacturers in Surat are to get a tax break after the state government announced they would no longer have to pay duty of up to 15 per cent on their electricity bills.It represents a significant saving in a sector where energy accounts for almost 70 per cent of expenditure.The move follows an announcement by the State Bank of India (SBI) in August that it would start le...Read More
(IDEX Online) - Prices of fancy color diamonds rose by one per cent in the last quarter - compared with a 6.7 per cent slide for white diamonds in the same period.The Fancy Color Research Foundation (FRCF) today said average prices across all color categories had risen, although there were some price drops among particular size and intensity combinations.Yellows were up 1.4 per cent in Q3 2022, fo...Read More
(IDEX Online) - Two cases of attempted frauds involving synthetic moissanite are highlighted in the GIA's latest quarterly journal Gems & Gemology.In one case a 7.42-ct rough stone, presented to its New York lab, had been carved into an octahedron, with stepped edges and coarse textures deliberately chosen to imitate the appearance of a natural diamond.In the other, what appeared to be a...Read More
(IDEX Online) - A couple celebrating their 10th wedding anniversary found a 1.9-carat brown diamond.Seth and Jessica Erickson were visiting the Crater of Diamonds State Park, near Murfreesboro, in Arkansas, USA, which charges day trippers $10 a day to sift the soil - and lets them keep any gems they find.They found the diamond after an hour of "wet sifting" - using a pair of meshed screens to chec...Read More
(IDEX Online) - A teenager collected a jacket from his school's clothing donation program . . . and found two diamond rings, two Gucci watches and an emerald bracelet inside a pocket.Luke Coelho, 17, from Worcester, Massachusetts, USA, set about tracing the rightful owner. Thankfully the jacket bore the name Dave and the logo of a uniform services company.They were the clues that allowed Luke...Read More
It's time today to move on from politics and the midterm elections. This story is potentially bigger...The collapse of crypto exchange FTX is the biggest economic and financial story in the world today.Crypto may be arcane to most readers and is not well understood even by those who follow it closely. Still, it would be a mistake to think of this story as a niche development in a niche market.The...Read More
This week's episode features Integra Resources CFO Andr?(C)e St-Germain in conversation with Northern Miner Group president Anthony Vaccaro at the Mining Legends Speakers Series in Vancouver. Andr?(C)e shares the lessons she's learned as an executive in the mining industry ("Don't invest your bonus in mining stocks"), as well as her views on how women can be better mentored in mining, and how movi...Read More
Alamos Gold (TSX: AGI; NYSE: AGI) has extended the high-grade mineralization at the Puerto Del Aire (PDA) satellite deposit beyond existing reserves and resources of the Mulatos mine in Sonora state, Mexico.The company encountered the mineralization within a 200-metre gap between the PDA1 and PDA2 zones, highlighting the potential for further resource expansion. Many intercepts were well above the...Read More
I-80 Gold (TSX: IAU; NYSE: IAUX) has received promising results from the first four holes drilled to follow up the recently discovered Hilltop zone confirmed high-grade, polymetallic CRD (carbonate replacement) mineralization at the company's 100%?EUR'owned Ruby Hill property in Nevada.Highlighted results, all from the Upper Horizon area of the Hilltop target, include bonanza grades of 60.2 grams...Read More
Argonaut Gold (TSX: AR) on Tuesday reported the death of a contractor at its Magino project in northern Ontario.The company is working with authorities to investigate an isolated incident Monday morning at the mill's construction site, it said in a news release."The loss of this individual is a shock to us all," Larry Radford, Argonaut president and chief executive officer, said in the release. "W...Read More
West Africa-focused gold miner Centamin (TSX: CEE; LSE: CEY) unveiled on Tuesday that ore mining rate at its flagship Sukari gold mine in Egypt could grow by 31% if operations are expanded underground.Based on a report by Australian consultants Entech, Sukari's capacity has the potential to reach 1.5 million tonnes per year of total ore mined. This represents a 31% increase from the current life...Read More
Rich nations led by the U.S. and Japan have pledged to give Indonesia a US$20-billion package to help the coal-dependent country shift to renewable energy and reach carbon neutrality by 2050.The deal put forward by the Just Energy Transition Partnership (JETP), which includes the U.S., Japan, Canada, the U.K., the EU and several European countries, including and Norway, has been more than a year...Read More
The planet's most lethal weapon has just emerged from the shadows. China named it the "Eagle Strike 21." The name itself was enough to send the top U.S. military brass running for the hills.It's a thinly veiled threat - China might as well call it the "America-Destroyer 9000."The U.S. currently has no adequate defenses against this new technology. Nothing we can do will stop it.China has achieved...Read More