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
Are ESG ratings for miners clear enough? Are ESG principles clearly understood by most people? What role can digital transformation play in mining?Theo Yameogo, sector leader for EY Americas & EY Canada Mining & Metals joined a conversation centred on the evolution of ESG and digital transformation at The Northern Miner's Q3 Global Mining Symposium on Sept. 29.Towards unified principlesThe current...Read More
Chile's environmental regulator SMA filed four charges on Thursday against Lundin Mining (TSX: LUN) for a giant sinkhole that appeared in July above an underground copper mine operated by the Canadian miner in the country's north.The main infractions are related to extraction of ore beyond the permitted limits and construction outside of environmentally approved zones, the SMA said.The charges co...Read More
Filo Mining (TSX: FIL; OTC: FLMMF) has provided results for one additional drill hole completed at its Filo del Sol project in San Juan, Argentina. The hole, FSDH067, was drilled into the Aurora zone, about 100 metres northwest of an earlier hole (FSDH058) that returned 1,251.5 metres at 0.56% copper, 0.41 gram gold per tonne and 6.6 grams silver from 100 metres down.Hole 67 has now followed up t...Read More
Horizonte Minerals (TSX: HZM; AIM: HZM) said construction costs for its Araguaia nickel mine in northern Brazil have increased by 12.6% to US$537 million, up from the previous US$477 million estimate, due mostly to inflationary pressure.Horizonte started building the Araguaia nickel mine, which it acquired from Glencore in 2015, in May and remains on schedule."The company has also opted to invest...Read More
The U.S. Geological Survey (USGS) and NASA are teaming up to map portions of California, Colorado, Nevada, Arizona, New Mexico and Utah for critical mineral potential.The US$16-million, five-year, government-funded project will employ NASA's Airborne Visible/Infrared Imaging Spectrometer high-altitude earth remote sensing platform and MODIS/ASTER Airborne Simulator to collect hyperspectral data ov...Read More
South African miner Harmony Gold (NYSE: HMY; JSE: HAR) is expanding into the coveted copper market with the acquisition of Copper Mountain Mining's (TSX: CMMC; ASX: C6C) Eva project in Australia, in a deal worth US$230 million.The company said the project, situated in Queensland, adds 1.7 billion lb. of copper and 260,000 oz. of gold to its mineral reserves. It also helps Harmony Gold take a firm...Read More
The company's eight sale cycle of 2022 saw rough diamond revenues of US$500 million. This is down 22% from the previous cycle, but still up 2% year on year.Read More
Share this article VANCOUVER - Artemis Gold Inc. [ARTG-TSXV] said Wednesday it is raising $175 million from equity offerings with proceeds used to fund permitting and development costs at the company's Blackwater Gold Project in central British Columbia.The company said in initial $86 million is being raised from a bought deal offering, under which the underwriters have committed to buy 19.1 mi...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.The project will yield an after-tax net present value (NPV) of $96 million and an internal rate of return of...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.NovaGold's third quarter cash and term deposits fell to US$132 million, down $10 million quarter-on-quarter.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 limitedThe company will raise $86 million via a bought deal with National Bank Financial, as sole bookrunner and lea...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 limitedThe fundraise, at a price of 90.5p per placing share, includes a placing to new and existing institutional in...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.The company's eight sale cycle of 2022 saw rough diamond revenues of US$500 million. This is down 22% from th...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 limitedIn May, the EPA said it would use a pre-emptive veto to prevent the Pebble project advancing into development...Read More
The firm's Tradable Instrument Display Mnemonic (TIDM) code will change to ECOR on both the London and Toronto Stock Exchanges from APF in London and APY in Toronto on 6 October.Read More
Planned copper production is expected to be around 30,000 tonnes lower in 2023 because of the setbacks with the desalination scheme, Antofagasta said.Read More
Emerging Australian lithium miner Sayona Mining (ASX: SYA; OTC: SYAXF) has moved closer to restarting production at its North American Lithium (NAL) project in La Corne, Que., as it awarded a four-year, $200-million contract to Quebec company L. Fournier et Fils for mining operations.Believed to be one of the largest such contracts ever signed in Quebec, it is expected to create 120 new jobs to be...Read More
Wesdome Gold Mines (TSX: WDO) says it has confirmed high gold grades as it drills volcanic rocks near the Eagle River gold mine 50 km west of Wawa, Ont. The find is notable because gold at the Eagle River mine is usually hosted in diorite rocks.Surface and underground drilling (from the 355-metre level exploration drift) defined the up-plunge of the Falcon 7 zone to within 50 metres of surface, in...Read More
The legacy Bunker Hill zinc-lead-silver mine in Shoshone County, Idaho, is set for a near-term revival with proponent Bunker Hill Mining (CSE: BNKR; US-OTC: BHLL) on track to deliver cash flow by the third quarter of 2023.The Toronto-headquartered company plans to restart operations at the mine in short order after the asset languished on care and maintenance for more than 30 years. Over nearly a...Read More
The future of environmental, social and governance (ESG) issues in the mining industry will see Indigenous communities commonly hold equity stakes in projects while companies become fully transparent about all operations, not just information to meet laws. These were just a couple of points to come out of a six-person thought-leadership panel on ESG presented by SLR Consulting at The Northern Mine...Read More