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 company has lowered production guidance for Quellaveco in 2022 to 80,000-100,000t, from 100,000-150,000t, at a C1 unit cost of about 150c/lb, previously 135c/lb.Anglo said the decision to lower production guidance was made following the commissioning and testing period, and receipt of final regulatory clearance.Guidance for 2023 and 2024 is unchanged at 320,000-370,000t.Anglo also tightened it...Read More
Chaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesZenith Minerals aiming for new heights with lithium focusSPONSOREDzenith minerals limitedMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDOf those two basic economic forces demand is the easiest to understand because embargoes on Russian gas...Read More
The stock market was down again today, the exchanges beginning where they left off last week. But it's the larger trend that's really disconcerting.Investors don't need to be told about the stock market collapse in recent months. The Dow Jones Industrial Average is down over 20% since January. The S&P 500 is down 23% since January. And the Nasdaq Composite is down 32% since its all-time high l...Read More
The Northern Miner attended the Precious Metals Summit held in Beaver Creek, Colo., from Sept. 13 to 16, where explorers, developers and emerging producers of gold, silver, copper, and platinum group metals vied for investors' attention amid a challenging macroeconomic backdrop. Despite gold being down nearly 3% over the week, companies were upbeat in their messaging as they sought to convince i...Read More
Fission Uranium (TSX: FCU) discovered the Triple R uranium deposit at its Patterson Lake South (PLS) project in Saskatchewan in 2012 - a year after the Fukushima nuclear plant disaster in Japan decimated the uranium market. But following a decade in the "wilderness," uranium stocks are now finally on the upswing, benefitting from growing recognition of nuclear energy's place in limiting global te...Read More
The Dow Jones Industrial Average fell an astonishing 1,232.01 points or 4% to 29,590.41 during the Sept. 19-23 trading week, while the S&P 500 fell 180.1 points or 4.7% to 3,693.23. Finding value gainers was challenging in a dark week for markets as heightened geopolitical uncertainty, stubbornly high inflation readings and briskly rising interest rates continued to rankle investors. Nexa Resourc...Read More
Stocks were pummelled over the Sept. 19-23 trading period as investors fled, fearing a global recession brought on in part by central banks raising interest rates to quell inflation. The S&P/TSX Composite Index fell 904.9 points or 4.7% to 18,480.98. The S&P/TSX Global Mining Index slid 3.7 points or 4.1% to 85.99, and the S&P/TSX Global Base Metals Index dropped 10.2 points or 6.6% to 144.2. The...Read More
The S&P/TSX Venture Composite Index closed the Sept. 19-23 trading week at 578.06 points, down 51.99 points or 8.3% as markets reacted to the increasing likelihood of a recession. Some juniors, including Northern Shield Resources, managed to buck the trend. Northern Shield shares rose 91.7% to end at 12 ? after reporting visible gold in a sample from its Root & Cellar project in southeastern New...Read More
Following the receipt its land use permit last month, NorZinc (TSX: NZC; US-OTC: NORZF) has now received a new water licence from the government of Northwest Territories for an expanded 2,400-tonne-per-day mine plan at its Prairie Creek project, completing the permitting process for its mine operation."The receipt of the water licence represents a substantial milestone for the company with respect...Read More
Our TNM Drill Down feature highlights the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company Mining Intelligence (www.miningintelligence.com). TNM Drill Down Sept. 16-23.Tempus Resources (TSXV: TMRR; ASX: TMR), Rupert Resources (TSXV: RUP) and Tombola Gold (ASX: TBA) scored the top gold drilling results for the week of Sept. 16-23 w...Read More
The union at Antofagasta's (LSE: ANTO) Los Pelambres copper mine in Chile has rejected the company's most recent contract offer and launched a strike threat.In a media statement, the Board of the Supervisors Union of Los Pelambres said that even though at first glance the company's proposal seems attractive, it doesn't include all the demands presented by the workers and is far from what was expec...Read More
Dear Outsider,The first cool days of fall are upon us.The days are getting shorter.Nights are getting longer.I could even feel the chill of winter in the air walking through Baltimore's financial district this morning.But not just the chill of the weather.It's the chilling thought that those running our country haven't a clue what they're doing.That's because they're still following outdated...Read More
(IDEX Online) - Two hundred lots of rubies mined in Mozambique are to be sold at an inaugural auction by Dubai-based Gemrock. The Dubai-based company expects over 40 companies to attend the five-day event in Bangkok, Thailand. It says it's the first sale of rubies from the Montepuez mine, which it acquired in 2019. The company says it holds nine concessions totalling over 589 square kilometre...Read More
(IDEX Online) - The owner of a jewelry store has been arrested after a series of complaints from customers who said they dropped off items for appraisal or cleaning - and never got them back.They tried and failed to contact Paul Williams, 46, the owner of Jewelry Liquidation, in Tulsa, Oklahoma, USA. The store closed "abruptly".Williams was arrested after at least a dozen customers filed police re...Read More
Many people reject the idea of historical cycles due to their imprecision. I understand the appeal of this objection, but it is nonetheless striking that transformative decades tend to manifest in cycles rather than evenly over time.Compare the decades of the past 70 years: 1952 to the present. How different was the culture and economy of the U.S. between 1952 and 1959?While there was progress in...Read More
Show your support for BC SPCA by voting for Dorain Make My Pet a Yellow Dog Brewing StarRead full newsRead More
The capex has been lifted from US$70 million, primarily due to bringing the crushing circuit in-house as opposed to contract crushing, the company said."The study outlines a robust 2 million tpa operation which can deliver excellent cash flows, an exceptional 20-week payback and a post-tax NPV8 of US$1.33 billion producing a coarse, premium DMS SC6 product including credits from DSO fines and feld...Read More
Share this articleCALGARY - Arctic Canadian Diamond Company announced the recovery of an exceptional gemstone - a beautiful octahedron diamond, weighing in at 71.26 carat.The stone was recovered on August 25, from the Ekati Mine Misery Pipe, in Canada's Northwest Territories. Industry experts have confirmed it is likely the largest fancy vivid yellow gemstone discovered in Canada."This historic fa...Read More
Chaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Zenith Minerals aiming for new heights with lithium focusSPONSOREDzenith minerals limitedBedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDThe capex has been lifted from US$70 million, primarily due to bringing the crushing circuit in-house a...Read More
Chaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesZenith Minerals aiming for new heights with lithium focusSPONSOREDzenith minerals limitedMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDGlencore will pay US$124.9 million upon closing and a $30 million deferred payment upon commercial prod...Read More