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
As the world looks for low-carbon energy solutions, more nations are coming to the conclusion that nuclear power needs to be part of the mix. Here are seven junior companies looking for the next uranium deposits to power the nuclear renaissance. BASIN URANIUM In early September, Basin Uranium (CSE: NCLR, US-OTC: BURCF) announced the intersection of significant uranium mineralization in first-pha...Read More
With annual financial budgets looming, the end of October is a frightening time in the calendar. This year is especially scary because of the considerable political and financial uncertainty. Soaring inflation, energy supply concerns and exchange rate volatility mean that the macroeconomic environment is weighing on all metals prices, regardless of fundamentals. Halloween is also upon us, and d...Read More
Los Andes Copper (TSXV: LA; US-OTCQX) is eager to restart drilling at the flagship Vizcachitas porphyry copper-molybdenum deposit in Chile while it works in parallel to publish a pre-feasibility study on the project before year-end."General engineering work, infrastructure planning, plant design and environmental considerations are all on track with the plan to complete the (prefeasibility) in the...Read More
(TheNewswire) Final Sampling Results from 2022 Summer Check Sampling Program and Channel Sampling Program Underway VANCOUVER, BC TheNewswire - October 19, 2022 Heritage Mining Ltd. (CSE:HML) (Read full newsRead More
Iron ore production was up 1% quarter-on-quarter and 3% year-on-year to 65.1 million tonnes as the new South Flank mine continued to ramp up.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)Metal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedThe expansion would increase average annual gold production to 280,000 ounces through to 2036 at an all-in sustai...Read More
K92 released the detailed results of the latest 93 diamond drill holes completed from the surface and underground drilling at Kora-Kora South, Judd-Judd South, and the first results from Kora NorthernRead More
In making its recommendation, Glass Lewis noted that Turquoise Hill undertook a reasonably comprehensive review process in the months preceding the execution of the arrangement agreement with RioRead More
Key upcoming events in the region's silver sector include firms Fresnillo, SilverCrest Metals, Hecla Mining, and Hochschild Mining which are listed in London, Toronto and New York.Read More
"Whilst discussions are continuing with each party, there can be no certainty that an offer will be made, nor as to the terms on which any offer might be made.Read More
Funding will be used to build and expand commercial-scale facilitiesin 12 US states to extract and process lithium, graphite and other battery materials, manufacture components, and demonstrate newRead More
The grant funding from the Department of Energy (DOE) is intended to support a portion of the anticipated cost to construct a new, commercial-scale lithium concentrator facility at Albemarle's KingsRead More
UBS expects a 75 basis points (bps) rate hike at the November FOMC meeting, a 75 bps rate hike at the December FOMC meeting and a 50 bps rate hike at the February, 2023 meeting.Read More
(IDEX Online) - The cost of the Jagersfontein tailings dam collapse will be close to $30m, says Richard Spoor, a South African activist and human rights attorney.He is representing 30 of the families living in the shadow of the former De Beers diamond mine who suffered when homes were swept away by a mountain of grey sludge that killed at least two people."I've been advised by the farmers and...Read More
(IDEX Online) - The world's largest internally flawless diamond, a 303.1-carat fancy deep brownish-yellow stone, is to be sold without reserve at Sotheby's New York. Bidding for the Golden Canary Diamond will start at just $1 on 7 December - a deliberate move by the auction house to provoke fierce bidding - but is expected to reach its high estimate of $15m. It has been re-cut from...Read More
(IDEX Online) - Police say the owner of jewelry shop in Florida, USA, shot dead two robbery suspects.Officers responded to an incident at responded to the Magic Mall, on West Colonial Drive, Orlando, just before noon on Friday 14 October.They found one person dead at the scene after the owner opened fire. At least one of the alleged raiders is said to have been armed.A second suspect escaped in a...Read More
Antofagasta's September quarter production results put copper production at 181,900t for the quarter, 40% higher than Q3 2021, and 450,600t for the nine-month period, which is 17% lower thanRead More
The incident happened on the main access road between the city and the mine.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)Metal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedIron ore production was up 1% quarter-on-quarter and 3% year-on-year to 65.1 million tonnes as the new South Flan...Read More
The share prices of the seven senior gold stocks, including Barrick Gold, Newmont, Agnico-Eagle Mines and Newcrest Mining, are down an average of 30% so far this year.Read More