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

Iceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedEmerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsReach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesBoth sales and revenue are up year-on-year, with revenue for the same quarter in 2022 at $33.8 million and sales of 19,523oz gold equivalent.Read More

Reach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesEmerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsIceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedOrion will buy 6.7 million shares for C$2.55 per share.Read More

(IDEX Online) - Sodiam sold $22.3m of +10.8-cts rough diamonds from its mines in Angola in a tender which was, for the first time, coordinated by Dubai-based TAGS (Trans Atlantic Gem Sales).A total of 1,329.89 carats were sold from five mines owned by the Angola's national diamond trading company. Bids were made remotely using TAGS' online platform.Highlights included a pink stone from t...Read More

(IDEX Online) - Gem Diamonds has recovered its third +100-ct diamond of the year at its Letseng mine, in Lesotho.But it's still leaves the UK-based miner at well below its long-term average of eight +100-ct recoveries a year.The latest find is a 101.96-ct Type IIa diamond. Gem did not provide further details.In July it recovered a 163.91-ct yellow diamond and in March it recovered of a 122-ca...Read More

We suspected the stock market would take a fright following last weekend's terrors.It did not. The stock market yawned them off. Why?Today our thoughts turn to the sanguinary arts and sciences... and to Wall Street.That is, our thoughts turn to carnage, markets and how the two mingle.To what extent does warfare or the prospect of warfare manipulate markets?Much? Little?Our own James Altucher r...Read More

Hancock now holds 404.3 million shares, increasing its stake from 16.7% to 18.4%. The amount spent on Liontown shares by Hancock since April is approaching $1.2 billion.Read More

The company reported assays from two diamond holes in the Plutus Northern Corridor, which forms part of the larger Plutus porphyry centre about 1km east of the Apollo porphyry system.Read More

The inferred resource, within patented mining claims, has increased 135% compared with the 2022 estimate, to 6.1Mt grading 242.6gpt of silver and 2.9gpt of gold containing 47.Read More

(IDEX Online) - The US could lift sanctions on the mining billionaire Dan Gertler, according to a Wall Street Journal report, to access "clean energy" supplies of cobalt and copper.Gertler, an Israeli citizen who first made his fortune in diamonds, had his US assets frozen in 2017 over allegations about his business activities in the Democratic Republic of Congo (DRC).The Treasury Department accus...Read More

In a meeting on the sidelines of LME Week in London, the Minerals Security Partnership (MSP) held a principals' meeting.Read More

Iceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedEmerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsReach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesThe $5 million will be used to fund the feasibility study for the project, with a 20% contribution paid immediately and further payments made a...Read More

Nuton agreed to invest in a two-part transaction consisting of a private placement of 152,615 shares for $4 million, and the purchase of 232,000 shares owned by McEwen Mining, McEwen Copper's parentRead More

(IDEX Online) -  Chow Tai Fook today reported a 5.8 per cent increase in the value of Q2 retail sales, driven by an influx of tourists from the Mainland to Hong Kong and Macau.But sales across the rest of China, where CTF has over 7,200 outlets, were almost flat, with growth of just 0.6 per cent.The number of Mainland tourists visiting Hong Kong was back to 80 per cent of pre-pandemic levels...Read More

The company's debt now comprises $206 million on its credit facility and $46 million of convertible notes, while its cash position is about $119 million.Read More

The debt facility, secured through a first-ranking security interest over Terronera, is for an 8.Read More

(IDEX Online) - Tracr and Sarine are to collaborate on a traceability solution for diamonds entering the G7 nations.Tracr is the De Beers-owned company based in London that has developed what it describes as "the world's first fully distributed diamond blockchain platform".It is working with Sarine, the Israel-based diamond tech company behind the widely-used Diamond Journey traceability solu...Read More

Ahead of an analyst tour to the company's Pilbara iron ore operations, Rio said shipments for the September quarter were 83.9 million tonnes.Read More

Its cash position has grown 72% since the start of the year, as gold production in the September quarter saw a 50% increase compared with the 49,081oz produced in the prior year period.Read More

(IDEX Online) - An auction billed as the "world's first" of rough tourmaline - the brightly-colored gemstone  - is to take place in Bangkok in November.Iridis, new owners of the Jagoda mine, in Zambia, says it will showcase the largest collection of exceptional pink, green, and bi-color tourmalines.It also says it's using the first-ever tourmaline grading system for prospective buye...Read More

(IDEX Online) - Raiders fled a jewelry store in California, USA, after an employee fired a shot.Five hooded suspects used hammers to smash showcases at Prestige Jewelers, inside the Manhattan Village shopping mall at Manhattan Beach, on Friday (6 October)."An employee of the store responded by using a firearm to shoot towards the suspects," said local police."The suspects fled the store to awaitin...Read More