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
Fission Uranium (TSX: FCU; OTC: FCUUF) has drilled one of the best holes to date at its Patterson Lake South (PLS) project in Saskatchewan's Athabasca basin. Hole PLS21-MET-004, drilled in the Triple R deposit, intersected 34 metres averaging 19.12% uranium oxide, including 26 metres at 24.59% of the radioactive metal.The total composite grade x thickness value is 650.7, as calculated by Fission...Read More
Newcrest Mining (TSX: NCM; ASX: NCM), Australia's largest gold producer, has approved an A$214 million (about US$140 million) expansion of its Telfer gold-copper operations, which include the Main Dome, West Dome open pits and underground mines.The company said the West Dome Stage 8 cutback should start producing ore in the current quarter - its second quarter of fiscal year 2023 - and extend T...Read More
The Canadian Mining Hall of Fame will welcome three new members at a gala dinner and induction ceremony on May 24, 2023 at The Carlu in Toronto. Tickets will go on sale for the event?EUR?in March of?EUR?next year. The Northern Miner is a co-founding member organization of the Canadian Mining Hall of Fame, along with the Canadian Institute of Mining, Metallurgy and Petroleum, The Mining Association...Read More
American Eagle Gold (TSXV: AE) has released assay results from the first hole of its 2022 program on the NAK project located in the Babine copper-gold porphyry district of west-central British Columbia.NAK represents a classic porphyry copper-gold target where the current 5,000-metre drill program is testing the potential for a mineralized footprint greater than 1.5 x 1.5 km that was open and...Read More
Election Day is here. All eyes will be focused on the election returns. These House, Senate and gubernatorial contests will determine which governing philosophy controls the country for the next two years.It will also lay the foundation for the presidential election in 2024 (that campaign starts the day after the midterm election). Essentially, everything that citizens, investors, and markets care...Read More
He better be able to back it up. Biden just announced a complete ban on selling advanced computer chips and manufacturing equipment to China. It's a major blow to the Chinese semiconductor industry and a minor blow to ours. The U.S. doesn't produce many chips of its own (yet), but it remains one of only a handful of countries capable of building the machines that build advanced chips. Wit...Read More
Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) (Read full newsRead More
Share this article VANCOUVER - Solgold [SOLG-TSX, LSE] has struck a binding agreement with Osisko Gold Royalties Ltd. (OR-TSX, OR-NYSE) for a US$50 million royalty financing with reference to the company's Cascabel copper-gold project in northern Ecuador.Osisko will receive a 0.6% net smelter royalty (NSR) royalty interest from Solgold, calculated with reference to net smelter returns from the Ca...Read More
North American miners Pan American Silver and Agnico Eagle Mines announced on 4 November a rival stock and cash deal worth US$4.8 billion to split Yamana's assets in Latin America and Canada.Read More
The meeting of Turquoise Hill was originally scheduled for 1 November and subsequently, on Rio Tinto's request, postponed to 8 November.Read More
US President Joe Biden's climate envoy John Kerry is trying to marshal support from other governments, companies and climate experts to develop a new framework for carbon credits to be sold toRead More
The firm posted a net loss for the quarter of US$33.9 million, 223% below a year-on-year profit of $27.6 million. The loss included a deferred income tax expense of $27.6 million.Read More
"Our diversified portfolio performed well in the quarter with declines in precious metal prices partially offset by strong oil and gas prices", said Franco-Nevada's chief executive Paul Brink.Read More
Sheffield flashes a green light at ThunderbirdSPONSOREDsheffield resources limitedPurepoint Uranium Group Well Positioned to Make Next Athabasca DiscoverySPONSOREDpurepoint uraniumExcitement as Alma Metals raises funds for more copper exploration SPONSOREDalma metalsStudy points to more copper-gold potential for PolarX in AlaskaSPONSOREDpolarx limitedCanada's industry minister François-Phil...Read More
PolarX following up promising results at Nevada gold-silver projectSPONSOREDpolarx limitedSaudi to lead mining super regionSPONSOREDsaudi ministry of industry and mineral resourcesAura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy Last week's US$50 an ounce jump in the gold price could have been caused by a number of factors but one of them looks to have...Read More
(IDEX Online) - The growth in sales of US jewelry and watches in September hit its lowest level since the Covid lockdowns of 2020. It was down to just 1.3 per cent. The figure for August, originally given as 3.7 per cent, has now been revised down, based on actual rather than estimated sales to 3.0 per cent. This paints a grim picture. The last time sales growth reached a low p...Read More
(IDEX Online) - The IDEX Polished Price Index continued its near-straight line decline for a seventh consecutive month in October. It fell by 1.86 per cent, slightly less than September's 2.34 per cent, but still the second biggest drop since April. The Index started falling early in March. It was down 2.1 per cent in April, 0.69 per cent in May, 1.18 per cent in June and 2.05...Read More
Americans know that gasoline prices are higher, home heating fuel prices are higher and that there's an emerging diesel fuel shortage in the United States.Higher fuel costs translate into higher costs for everything because trucks, trains, planes and cargo vessels all run on fuel (mostly diesel) so those higher fuel costs get passed along as higher prices for the goods being shipped including food...Read More
With a project focused on one of the hottest commodities tied to mass adoption of EVs, Frontier Lithium (TSXV: FL; US-OTC: LITOF) is working towards completing a resource update and prefeasibility study for its PAK project in northwestern Ontario by the first quarter of 2023. The prospective lithium pegmatite project is 170 km north of the famed Red Lake gold camp in an emerging lithium mineral d...Read More
Our TNM Drill Down feature highlights the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company Mining Intelligence (www.miningintelligence.com). Donlin Gold LLC, the equal partnership in Alaska of Barrick Gold (TSX: ABX; NYSE: GOLD) and NovaGold Resources (TSX: NG; NYSE: NG), had the top-rated assays of the past week followed by i-8...Read More