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
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
iMetal Resources, Inc. (TSXV:IMR)(OTC PINK:ADTFF)(FRANKFURT:A7V) (Read full newsRead More
Battery-grade manganese represents a very small fraction of manganese production but is essential for many common battery chemistries, as electric vehicle production is set to soar with cobalt andRead More
The company reported an intercept of 32m grading 4.46 grams per tonne of gold in a previously undrilled area.Read More
Mining the seafloor for rare earths, critical minerals and other metals has courted controversy because of the environmental risks associated with the venture of tapping into the seabed.Read More
The firm realised an average Q3 copper price of $3.50/lb, down from $4.24/lb a year earlier and $4.34/lb in Q2.Read More
Gold production guidance for this year has been revised from a range of 150,000-170,000 oz to 165,000-185,000 oz, the firm said in a Q3 results presentation.Read More
Agnico Eagle Mines and Pan American Silver announced their joint cash and share offer for Yamana Gold on November 4, valuing Yamana at around US$4.8 billion.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 uranium Last week's crypto collapse, which is starting to develop unpleasant legal and financial features (think a visit from the tax...Read More
(IDEX Online) - The first of eight stones from the De Beers Exceptional Blue Collection to be offered at auction remains unsold after it failed to reach its minimum.The 5.53-carat cushion brilliant-cut fancy vivid blue carried an estimate of $11m to $15m and was the headline lot at Sotheby's Geneva Magnificent Jewels and Noble Jewels auction.It is part of a collection of just over 32 carats r...Read More
(IDEX Online) - Sarine reports a quarterly increase in revenue and profit, largely driven by the rollout of its improved Meteorite Plus technology, for high-speed automated processing of small rough diamonds.The Israel-based tech company said overall sales of capital equipment were up 53 per cent in Q3 2022, compared with the same period last year.Revenue for the quarter rose 20 per cent to $14.5m...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 uranium Last week's crypto collapse, which is starting to develop unpleasant legal and financial features (think a visit from the tax...Read More
Nearly a week after the midterm elections, many races remain undecided.Election Day has turned into election month under the new system of early voting and mail-in voting that became institutionalized during the 2020 presidential election, when COVID changed the way elections were held.What do we know as of today?It's clear that a "red wave" that would have resulted in massive electoral victories...Read More
Welcome to our weekly feature, TNM Drill Down, focusing on the top gold assays of the past week. Assays are ranked by gold grade x width, as identified by our sister company Mining Intelligence.This week's top drill assay comes from Canada-based Skeena Resources' (TSX: SKE) Eskay Creek project in British Columbia. The company reported on Nov. 8 that hole SK-22-1122 returned an intercept of 24 metr...Read More
The government of Panama set on Monday a deadline for Canada's First Quantum Minerals (TSX: FM) to ink a long-awaited contract that allows the company to keep running its flagship Cobre Panama copper mine.The Vancouver-based miner and the Ministry of Commerce and Industries of Panama began negotiations to renew the contract for the mine in September 2021. An agreement was reached in January, when...Read More
NEAR MATAGAMI, QUEBEC- Maple Gold Mines (TSXV: MGM; US-OTC: MGMLF) is in "advanced and detailed" talks with three potential acquisitions as it seeks to nearly double its contained gold resources, chief executive officer Matthew Hornor says. The Vancouver-based explorer wants to lift its total indicated and inferred contained metal resource to more than 5 million oz. from about 3 million oz., H...Read More
Aris Mining (TSX: ARIS; US-OTC: TPRFF) has released an updated prefeasibility study for an expansion of its Marmato gold mine, which includes a boost to resources and reserves since the last study dated March 2020.Aris operates the Marmato mine located in Colombia's Caldas Department, roughly 80 km south of Medellin. This underground operation comprises two mining areas: the upper mine between 1,0...Read More
enCore Energy (TSXV: EU;OTCQB: ENCUF) says it is buying the past-producing Alta Mesa uranium project in Texas from Energy Fuels (TSX: EFR) for US$120 million in a deal boosting its capacity by more than 70%. The Alta Mesa in-situ recovery (ISR) plant, fully licenced and constructed, adds capacity of 1.5 million lb. of uranium a year to enCore, the company said in a news release on Monday. Th...Read More
Adventus Mining (TSXV: ADZN) and Salazar Resources (TSXV: SRL) are set to ink a final a foreign direct investment agreement with Ecuador's government for their El Domo copper and gold project.The partners said that the country's investment institution approved last week a draft contract whose final version is expected to be signed in four months.The investment agreement includes a number of incent...Read More
Dear Outsider,The last two months have seen the markets go into a free fall.Inflation was at 40-year highs, with no reprieve in sight.But last week, the newest inflation numbers came out and investors rejoiced, albeit a little too much.The consumer price index (CPI) was expected to rise 0.6% in October and 8% from a year ago.The new data showed the CPI increased 0.4% in October and 7.7% year over...Read More