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
Denison completed a prefeasibility study for the project in 2018, which forecast that the flagship Phoenix deposit would produce 6 million lbs uranium oxide (U3O8) at 19.1% U3O8 across a 10-year mine life. Wheeler River also contains a second deposit called Gryphon, which-although regarded as a first-tier deposit by Denison-is expected to trail the development of Phoenix as part of a staged develo...Read More
Digital capital raising platform opens doors with over 100 ASX offers completedSPONSOREDblue horseshoe ventures pty limitedStudy points to more copper-gold potential for PolarX in AlaskaSPONSOREDpolarx limitedPurepoint Uranium Group Well Positioned to Make Next Athabasca DiscoverySPONSOREDpurepoint uraniumSheffield flashes a green light at ThunderbirdSPONSOREDsheffield resources limitedAfter its e...Read More
(IDEX Online) - Debswana's rough diamond sales rose by 37.5 per cent in the first nine months of this year, according to the Bank of Botswana. The 50-50 partnership between De Beers and the Botswana government sold $3.578 billion, an increase from $2.602 billion, as demand remained steady.Diamond revenue accounts for a fifth of Botswana's GDP and 70 per cent of its foreign revenue.T...Read More
(IDEX Online) - A colossal emerald cluster, weighing 187,775 carats (37,555-grams) is to be sold later this month by Gemfields.The UK-based miner says the so-called Kafubu Cluster could well be the most expensive single emerald piece it has ever sold.It was discovered at the Kagem emerald mine in Lufwanyama, Zambia, in March 2020. Gemfields has a 75 per cent stake in the mine and the Zambian gover...Read More
(IDEX Online) - The Kimberley Process is expected to go ahead with discussions on re-defining conflict diamonds for the first time since it was founded almost 20 years ago."We were unable to reach consensus in the previous Review and Reform cycle about how it may be possible to reference violations of human rights in the conflict diamonds definition," the WDC president Edward Asscher said on Tuesd...Read More
Canada's number-one gold producer Barrick Gold (TSX: ABX; NYSE: GOLD) has reported a sharp drop in third-quarter earnings as lower production and higher costs weighed on its September-quarter financial results.The Toronto-headquartered major reported headline earnings of US$224 million in the September quarter, compared with $419 million in the previous and corresponding quarters. Adjusted net ear...Read More
Lithium Americas (TSX: LAC; NYSE: LAC) plans to separate its North American and Argentine businesses into two independent public companies by the end of the year, it said on Thursday.The new Lithium Americas company will own the Thacker Pass lithium project in Nevada and investments in Green Technology Metals (ASX: GT1) and Ascend Elements, according to a company statement. Lithium Americas' presi...Read More
AbraSilver Resource (TSXV: ABRA) has updated a September 2021 resource estimate for its Diablillos project in Argentina's Salta province, significantly expanding the high-grade Tesoro zone, which is the highest-grade area in the Oculto deposit.The company says it expects to complete a pre-feasibility study on the project in the first half of 2023.The project, about 160 km southwest of the city of...Read More
Secretariat won the Triple Crown that year, NASA launched Skylab and Watergate intensified.It was 1973, the same year Esso Minerals and Cuvier Mines began developing the Gays River underground zinc and lead project in Nova Scotia, 60 km northeast of Halifax.The Gays River mill began processing 900 tonnes per day in 1979 before underground flooding hampered mining for the joint venture and subseque...Read More
Nevada Copper (TSX: NCU; US-OTC: NEVDF) has provided an update on operational activities at its Pumpkin Hollow underground copper mine located near Yerington in Nevada's Lyon County. The company recently closed a US$123 million financing package to support the mine's restart and ramp-up, which is underway.An optimized life-of-mine plan that focuses on accessing the larger, higher-grade stopes of t...Read More
Astra Exploration (TSXV: ASTR; US-OTC: ATEPF), which owns 80% of the Pampa Paciencia project in northern Chile, has signed an agreement to acquire the remaining 20% of the project from joint-venture partner Sociedad Quimica y Minera de Chile (NYSE: SQM).The 3,840-hectare gold-silver project is less than 15 km from two producing mines - the Sierra Gorda open-pit copper mine owned by South32 (LSE: S...Read More
The company results reflect the closure of its 777 mine, which, after 18 years of production, was closed in June 2022. Staff from the mine were transitioned to the company's Snow Lake asset.Read More
The "most important election in our lifetimes" is but five days distant.Thus the Republic's very fate dangles in the balance... we are warned.Good vs. evil, light vs. darkness, democracy vs. fascism - these are the life-and-death combats before us.You must therefore take to the polls next week, and vote.Perhaps there is justice here. Perhaps the nation perches truly and precariously upon the devil...Read More
Share this article VANCOUVER - Osisko Development Corp. [ODV-TSXV] says that as of September 30, 2022, the company produced 19,874 ounces of gold from three projects, located in the U.S., Canada and Mexico.That amount includes 7,163 ounces from the Bonanza Ledge Test mine at the company's flagship Cariboo Gold project in British Columbia, material was extracted from 53,352 tonnes of ore, grading...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipDigital capital raising platform opens doors with over 100 ASX offers completedSPONSOREDblue horseshoe ventures pty limitedStudy points to more copper-gold potential for PolarX in AlaskaSPONSOREDpolarx limitedMultiple promising results outside the resource included 45m at 1.16%...Read More
The issuance of the Certificate of Authorisation is an important milestone that will allow Critical Elements to advance project financing discussions to start mine construction following the issuanceRead More
Calibre produced 38,928 ounces of gold from its Nicaragua mines in Q3, down from 44,579 oz a year earlier.Read More
Ero Copper reported adjusted Q3 earnings per share (EPS) of US$0.04, below the market consensus of $0.18.Read More
But the central bank also signaled that future increases in rates would be made in smaller steps to account for "cumulative tightening of monetary policy".Read More
(IDEX Online) - Botswana's president has slammed a newspaper suggestion that the country would no longer be selling its larger diamonds to De Beers.Mokgweetsi Masisi told delegates at the Natural Diamond Summit, in the capital Gaborone, that the report was "false" and "ludicrous". The Sunday Standard newspaper ran a story headlined "Masisi to ditch De Beers for Lucara and HB Antwerp?".It...Read More