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
But some believe the Federal Reserve could still surprise markets with a full percentage point increase and hawkish messaging, moves which could potentially lead to further selling in gold - alreadyRead More
Initial estimates are that production at Elkview Operations will be interrupted for 1-2 months as repairs are implemented, the firm said.Read More
(IDEX Online) - A Canadian company has produced the country's first lab grown diamonds.Groupe RSL has opened a factory in Quebec using hydroelectric power to produce gems using what it describes as a unique version of the CVD process."Recent research has brought to light a new idea, using hydrogen and methane gas in a controlled reaction," said Luke Sinclair, the company's CFO."Consumers...Read More
(IDEX Online) - Lucapa says it has recovered its fourth +100 carat diamond this year at its Lulo mine, in Angola.The Australian miner describes the Type IIa 131-ct stone as "spectacular". It's the 29th +100 carat diamond recovered since the deposit - which has both alluvial mining and kimberlite exploration - started commercial production in 2015. It jointly operates Lulo with its partne...Read More
Talk of growth or acquisitions was not on the agenda of the large gold miners, instead favouring themes of prudent management, capital allocation, discipline, balance sheets and returns to investors,Read More
(IDEX Online) - The Watch & Jewellery Initiative 2030, founded a year ago as a movement for positive change in the industry has announced a raft of new members.Luxury watchmakers A. Lange & S?? ?hne, IWC Schaffhausen, Jaeger-Lecoultre, Panerai and Piaget, as well as Dimexon, Mattioli, Pandora and Rubel & M?? (C)nasch?? (C), have all signed up.They join existing members Cartier, Kering...Read More
Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesZenith Minerals aiming for new heights with lithium focusSPONSOREDzenith minerals limitedNorth Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdMining Journal and MiningNews.Net Critical Minerals reportSPONSORED"Trident has grown rapidly since its inception - both with regards to assets within the portfolio,...Read More
A 75-basis-point rate hike was forecast... and a 75-basis-point rate hike it was. The Federal Reserve issued word shortly after 2 p.m. Eastern.Today's was the third consecutive 75-basis-point rate raising. Never in its history has the Federal Reserve imposed three consecutive 75-basis-point rate raisings.And so its target rate presently ranges between 3% and 3.25%. Not since February 2008 - over 1...Read More
Amid an ebbing of mining investment sentiment as project proponents big and small take a pause and wait out decade-high inflation and high interest rates, West Africa is an outlier, emerging as a region where mine construction timelines are met, builds get completed under budget and discovery potential beckons more investment.The Northern Miner recently caught up with a handful of mineral explorer...Read More
We British are good at queuing, and most of us practice standing in line from an early age. This lifetime of training came to fruition during the four days leading up to the funeral of Queen Elizabeth II. The Secretary of State for Culture, Michelle Donelan, has estimated that over 250,000 people queued (for an average of eight hours and up to 18 hours) to see the Queen's coffin as she lay in stat...Read More
Silvercorp Metals (TSX: SVM) has published an updated technical report that outlines the mineral resources and reserves contained within the Ying property in Henan province of east-central China, and extends the mine life to 15 years.The report was prepared by AMC Mining Consultants (Canada) and covers all the mines in the Ying Property (also referenced as the Ying mining district), namely the SGX...Read More
Savannah Resources (AIM: SAV), the company trying to build western Europe's largest lithium mine in Portugal, said on Wednesday it had made progress towards fulfilling an additional step requested by regulators for the evaluation of its Environmental Impact Assessment (EIA).The company filed the original assessment for its flagship Barroso lithium mine in May 2020. Portugal's Ag??ncia Portuguesa d...Read More
Just as Canada is attracting key investments to build up its critical minerals infrastructure, a shortage of critical expertise could hinder the country's lofty ambitions.A case in point is the burgeoning battery hub of B?(C)cancour, Que., where new developments could end up competing for skilled labour.In that southern Quebec city, just east of Trois-Rivi??res, GM and Posco are planning to build...Read More
Canada's largest diversified miner Teck Resources (TSX: TCK.A/TCK.B; NYSE: TCK) said on Wednesday it expects to lose coal production of about 1.5 million tonnes due to a structural failure at its Elkview coal mine in British Columbia.The Elkview steelmaking coal mine will remain halted for one to two months, Teck noted, while repairs to the plant feed conveyor belt take place.When also factoring...Read More
After months of elevated inflation, investors are expecting big moves from the Federal Reserve today.Analysts at Nomura Securities wrote last week that the Fed will jack up short-term rates to a range of 3.25%-3.5% today - and will end up increasing rates to as high as 4.75% by next year. The federal funds rate now hovers in a range of 2.25%-2.5%.Federal Funds Rate - 40 YearsAs a result, billiona...Read More
The Directors of eMetals Limited (ASX:EMT)(eMetals)(Company) are pleased to provide an update on its exploration program at its Willi Creek Project (E09/2464) in the Gascoyne Region of Western Australia and the appointment of Technical Consultant Mr Simon Coxhell. HIGHLIGHTSField activities to comme...Read full newsRead More
The permit in question is for Underground Injection Control which is the last authorization required to advance the project to commercial production.Read More
Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesZenith Minerals aiming for new heights with lithium focusSPONSOREDzenith minerals limitedNorth Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDThe project contemplates average annual production of 65,000 ounces a year for 8.Read More
Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesZenith Minerals aiming for new heights with lithium focusSPONSOREDzenith minerals limitedNorth Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDCypress president and CEO Bill Willoughby said the results from the "initial iteration" of testing...Read More
Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesZenith Minerals aiming for new heights with lithium focusSPONSOREDzenith minerals limitedNorth Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDThe latest auction by London-listed miner Gemfields raised over US$32 million in revenue, the secon...Read More