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
(IDEX Online) - Petra produced and sold fewer diamonds in the first quarter, ending 30 September, according to the company's latest operating update.Revenue was down nine per cent year-on-year to $104.3m. It sold 520,011 carats, down 10 per cent.The UK-based miner said it had benefitted from a weaker rand, and it was closely monitoring current macro-economic uncertainties.Petra, which has min...Read More
The Chilean government has presented a bill to the Senate's Mining and Energy committee that "significantly reformulates the mining royalty bill," the finance ministry said in a statement on Tuesday.Finance Minister Mario Marcel said recent discussions have helped "find an alternative that better balances out the goals of the collection with growth and the industry's development."The bill proposes...Read More
First Quantum Minerals (TSX: FM) has reported considerably lower third-quarter financial results, citing margin compression because of a declining copper price, cost inflation, and challenged performance from its Kansanshi copper mine in northwestern Zambia.The Toronto-domiciled base metals major reported that headline earnings fell 72% quarter-on-quarter from US$337 million in the second quarter...Read More
Denison Mines (TSX: DML; NYSE: DNN) has filed its environmental impact statement (EIS) with the Saskatchewan Ministry of Environment and the Canadian Nuclear Safety Commission, reaching another milestone for its Wheeler River uranium project in northern Saskatchewan. The EIS outlines the company's assessment of the potential effects (including applicable mitigation measures) of the proposed in-si...Read More
Hochschild Mining (LSE: HOC; US-OTC: HCHDF) has discovered a new zone to the west of operations at its Pallancata silver-gold mine in southern Peru.The new area, called Royropata, is not in the current permitted area, but the company believes that the discovery "has the potential to secure the medium-term future of the Pallancata mine."Highlights from the discovery include 17.6 metres grading 8.5...Read More
Earlier this month Mantoro Precious Metals (TSXV: MNTR; US-OTC: MSLVF) reported results from the first drill hole at the La Escarcha gold deposit on its Golden Hill project in Bolivia, 140 km northeast of Santa Cruz, the country's second-largest city.The first drill hole returned 4.69 metres of 5.15 grams gold per tonne starting 171.5 metres downhole, including 2.2 metres of 9.38 grams gold, in dr...Read More
Look beyond market approach to project valuations: van ZylLeadershipCerrado eyes feasibility study for Brazil assetSPONSOREDcerrado goldTENDER FOR THE EXPLOITATION OF THE BAUXITE BLOCK OF SANTOU (TELIMELE), GUINEASPONSOREDcenter for mining promotion and development (cpdm)OREN driving tailings facility operators to be proactive in managing riskSPONSOREDorenOver-boarding is a phenomenon which sees r...Read More
"A superpower declared war on a great power and nobody noticed."This is the studied conclusion of journalist Edward Luce, unfurled in a recent Financial Times column. The war-declaring superpower in this instance is the United States. The declared-against great power is the People's Republic of China.Like an Easter egg laid strategically in high grass... the unnoticed war declaration lies obscure...Read More
I'm going to go out on a limb and defend the Adidas company. But before you cancel me, just hear me out for a minute...Adidas got put into a dilemma - a "damned if it does and damned if if doesn't" situation - that was going to cost the company hundreds of millions of dollars with any decision it made.If you've followed the news or social media over the past few days, you probably know the story:...Read More
Listen to a nickel market deep dive with experts Alex Laugharne of the CRU Group and Martin Turenne of FPX Nickel hosted by investor Brian Leni of JuniorStoc...Read full newsRead More
The "Series D" financing included multinational investment bank Rothschild & Co, DNS Capital, and early investors among others, the company said.Read More
Production guidance for 2023 financial year maintains at 62-73,000t rutile, 260-310,000t ilmenite and 22-27,000t zircon. The company mined a total of 4.Read More
Share this article VANCOUVER - Argentina Lithium & Energy Corp. [LIT-TSXV; PNXLF-OTC; OAY3-FSE] reported positive lithium brine values from the third and fourth diamond drill holes at its Rincon West project in Salta province, Argentina.The Rincon West project covers 3742.8 hectares of the salar basin, located west and north of the adjacent Rincon Project owned by Rio Tinto. The property is curre...Read More
The US$250 million investment will increase the plant's production capacity to 270,000 tonnes per annum of lithium carbonate equivalent by incorporating new technologies, operational improvements andRead More
Proceeds of the transaction, including a non-redeemed portion of US$159M cash-in-rust of Sizzle Acquisition, will be used for the construction and commissioning of European Lithium's spodumeneRead More
The European Bank for Reconstruction and Development (EBRD) will provide $92 million.Read More
Cerrado eyes feasibility study for Brazil assetSPONSOREDcerrado goldTENDER FOR THE EXPLOITATION OF THE BAUXITE BLOCK OF SANTOU (TELIMELE), GUINEASPONSOREDcenter for mining promotion and development (cpdm)OREN driving tailings facility operators to be proactive in managing riskSPONSOREDorenExcitement as Alma Metals raises funds for more copper exploration SPONSOREDalma metalsProduction guidance for...Read More
Pearl String is a high sulfidation epithermal gold project located in Nevada's Walker Lane.Read More
(IDEX Online) - Breitling says its new $20,000 Super Chronomat Automatic 38 Origins is the first "fully traceable" watch.The gold is sourced from a single artisanal mine, all the diamonds are from lab-grown supplier Fenix, and buyers get a blockchain-backed NFT as a guarantee of provenance.Sourcemap, which provides transparency solutions for over 100,000 luxury goods companies, is verifying...Read More
(IDEX Online) - Lucky sapphire hunter Matt Betteridge found an 834-carat monster thanks to heavy rains in Queensland, Australia.He was out "specking" - scanning the ground for precious gems - when he chanced upon the stone, which was the size of a "small child's fist". It's been valued at AUD $12,500 (USD $8,000).Speckers often go out after wet weather because rain washes away the topsoi...Read More