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
The $1900/oz forecast comes from Citi in the latest edition of its quarterly Commodity Strategy research report.Read More
"The key negative was higher than expected provisional pricing adjustment of C$191 million for coal versus $73 million impact in the second quarter which should offset the gains from higher realizedRead More
The main infractions were over-extraction and construction outside of environmentally approved zones, Chile's Superintendencia del Medio Ambiente (SMA) regulator said.Read More
The Quebec government has put in place specialized units to help mineral explorers, and mine developers navigate the province's regulatory system from the discovery stage through production and closure, The Northern Miner's recent Q3 Global Mining Symposium heard.A thought leadership panel featuring four Quebec government representatives underlined the vast exploration potential in the province.Ac...Read More
Resource Capital Funds, a Denver-based private equity company focused on mining, is buying the rest of NorZinc (TSX: NZC) to boost its Prairie Creek zinc project in the Northwest Territories.RCF will pay about $12.7 million for the 51.7% of NorZinc shares it doesn't already own, and supply an additional US$11 million in credit for the project, the companies said in a statement this week. NorZinc w...Read More
Ecuador-focused SolGold (TSX: SOLG; LSE: SOLG) is merging with Canadian junior Cornerstone Capital Resources (TSXV: CGP) to secure a 100% ownership of the Cascabel copper-gold project in the South American country.The friendly deal, SolGold's third official attempt to take over the Ontario-based junior, values it at ?96.7 million (US$107.9 million).Under the terms of the agreement, Cornerstone sh...Read More
Collective Mining (TSXV: CNL; US-OTC: CNLMF) reported "robust" drilling results nearly doubling the width of the Main Breccia discovery at its Guayabales gold project in Colombia.Diamond drill hole APC-14 at the Apollo target extended the southern dimension of the Main Breccia discovery, increasing its overall width by 90%, Collective Mining said in a news release. It showed 1.36 grams per tonne g...Read More
Silver remains a prime target for mineral explorers and miners, and platinum group metals (PGM) such as platinum and palladium are of increasing interest due to their use in electric vehicles and fuel cell technologies. Here is a look at eight juniors exploring for and developing silver and PGM projects. BRAVO MINING Bravo Mining's Luanga project in Brazil. Credit: Bravo MiningBased in Canada an...Read More
Canadian company Trevali Mining's 90%-owned subsidiary in Burkina Faso has filed for liquidation, effectively kicking off a gradual shutdown process that includes the disposal of all assets in the country.The miner said a liquidator will be appointed by the west African country's Judicial Tribunal of Commerce in the coming days, which will assume responsibility for the management of the affairs of...Read More
As Russia's invasion of Ukraine continues to fall apart, Vladimir Putin is relying on increasingly desperate ploys to regain some semblance of control. Part of that effort has been a renewed focus on Russia's nuclear arsenal, which he frequently leans on to influence global diplomacy.In a speech annexing parts of Ukraine that his army has already surrendered, Putin decried Western leaders as "sat...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipChaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesThe news comes while Wesdome is outperforming peers on the Toronto Stock Exchange.Highlights from drilling at Falcon 7 included:Two-time...Read More
Ferrexpo's iron ore pellet production slumped 68% year-on-year to 0.8 million tonnes. Sales fell by 65% over the same period, to 1 million tonnes.Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipChaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesHole 67 was drilled within the mineral resource outline and intersected 1,131.6m grading 0.62% copper, 0.53 grams per tonne gold and 11.9...Read More
The latest four holes reported included an intercept of 237.7m grading 2.Read More
Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDMetal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedChaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Copper Mountain Mining will receive $170 million in cash on the closing of the transaction for the Australian...Read More
Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDMetal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedChaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Tiger Tasman is seeking between A$5.1 million and A$8.0 million in an initial public offer set to close on 17...Read More
(IDEX Online) - De Beers today said it sold $500m (provisional) of rough at Cycle 8, down over a fifth on the previous Cycle, but broadly in line with the same period last year ($492m).At the end of August UK-based miner announced sales (revised) of $638m, up more than a fifth on both the previous Cycle this year and on the same Sight last year.De Beers predicted a drop in a rough demand at the ti...Read More
(IDEX Online) - A European ban on Russian diamonds could cost 10,000 Belgian jobs, says the Antwerp World Diamond Centre (AWDC).Tom Neys, spokesman for the AWDC, told EUobserver the center was against an EU ban because Russia would welcome the opportunity to sell its diamonds in Dubai or India instead.He said Russia could switch export venues overnight and never return to Europe.Belgium's pri...Read More
(IDEX Online) - The growth in sales of US jewelry and watches hit a two-year low in August, at just 3.7 per cent. That's according to the Department of Commerce, but it will likely be revised next month. The July figure, originally reported as 10.2 per cent - a significant rise on 5.3 per cent in June - has now been revised down to 5.9 per cent, based on actual through-the-till tra...Read More
Chaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDMetal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedBritish broadsheet the Financial Times quoted unnamed sources as saying that Vale is in discussions to sell a...Read More