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
Sun shines on Saturn MetalsSPONSOREDsaturn metalsEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdOlder investors might remember Nabarlek because fortunes were made in 1970 by shareholders in Queensland Mines after it reported v...Read More
(IDEX Online) - The case against customs officials in India accused of over-valuing imported diamonds worth more than $19m has been suspended.Bombay High Court has set aside the show cause notices, which are issued when a government official is held prima facie responsible for misconduct.Pradeep Jhaveri, a customs valuer in Mumbai, was accused of misappropriating bills of entries relating to diamo...Read More
(IDEX Online) - A gold and emerald ring is to be sold at Sotheby's, together with its twin NFT (non-fungible token).The buyer "will own the piece in both the physical world and in the metaverse," say Metagolden, the jewelry, fashion, art and NFT emporium that created the piece.Metagolden says it anchors luxury physical investments to NFTs to authenticate them and to provide long-term value to...Read More
(IDEX Online) - Tennis icon Chris Evert has launched her own range of the jewelry item she made famous - the tennis bracelet.The American former world No. 1 tennis player famously halted a match in the 1978 U.S. Open to retrieve a diamond bracelet that fell off her wrist. And so the tennis bracelet was born.More than three decades on Evert, now 67, has launched a range of 13 tennis bracelets with...Read More
Markets got hammered today, with the Dow losing 643 points, the S&P losing 90 and the Nasdaq losing 323. What happened?Here's CNBC's explanation:The Dow Jones Industrial Average fell sharply Monday... as the summer rally fizzled out and fears of aggressive interest rate hikes returned to Wall Street...Investors are anticipating what could be a volatile week of trading ahead of Federal Reserve...Read More
A metaphorical winter approaches for base metals equities, says Haywood Capital Markets in a new report published on Sunday.Analyst Pierre Vaillancourt expects the constellation of base metals companies under coverage's second quarter results to fall below expectations when they start reporting results from month-end."Overall, we look for most base metals producers to reflect weakening metals pric...Read More
Neo Performance Materials (TSX: NEO) will acquire an exploration licence from Hudson Resources (TSXV: HUD) for its Sarfartoq Carbonatite Complex in southwest Greenland, under a binding agreement announced Monday. The licence will cover Sarfartoq, which hosts Hudson's ST1 rare earths project and the Nukittooq niobium-tantalum project, Neo, a Toronto-based metals manufacturer said in a news rele...Read More
Glencore plans to invest more than $500 million in its Horne smelter located in Rouyn-Noranda, Que., with the aim of improving air quality to reduce its arsenic emissions to 15 ng/m3 within the next five years."This transformative project shows that our number one priority is to ensure our teams' safety et security, as well as that of our neighbouring communities," said Claude B?(C)langer, COO o...Read More
Welcome to our weekly feature, TNM Drill Down, focusing on the top gold assays of the past week. Assays are ranked by gold grade x width, as identified by our sister company Mining Intelligence.Top gold assays Aug 12-19, as identified by Mining Intelligence.This week's top three gold drill intercepts come from Australia.Emmerson Resources (ASX: ERM) reported on Aug. 17 assay results from the seco...Read More
Rock Tech Lithium (TSXV: RCK; OTC: RCKTF) has closed its previously announced marketed offering, issuing approximately 11.5 million units of the company priced at $3.50 per unit for aggregate gross proceeds of $40 million. This total includes a $30.7 million offering conducted through a syndicate of underwriters and a $9.4-million private placement.Each unit issued under the financings comprised o...Read More
A recent report by the Peruvian Institute of Economy states that the country's mining sector has seen a 'concerning' decrease in private investments.According to the Institute, while the mining sector was responsible for 19% of total private investments in 2012, it now accounts only for 10%. This new baseline is similar to that of 2016, even though copper prices have doubled since then.The report...Read More
Ailing zinc miner Trevali Mining (TSX: TV; US-OTC: TREVF) reported receiving an initial order from the Supreme Court of British Columbia under the Companies' Creditors Arrangement Act (CCAA) on Friday, granting creditor protection. Production at two of its three assets remains suspended amid a lower price, higher-cost environment.Also on Friday, Burkina Faso news sources reported that two Trevali...Read More
Mexico-focused?EUR? GR Silver Mining?EUR? (TSXV: GRSL; US-OTC: GRSLF) is "celebrating the success of our exploration model after the culmination of many years of hard work," says Eric Zaunscherb, the company's chairman and CEO. The celebrations follow a new silver discovery in the first drill hole 250 metres to the southeast of the San Marcial resource area on its 100%-owned Plomosas project in t...Read More
Dear Outsider,Here we go again...We're smack-dab in the middle of meme-stock mania.Buckle up, because things are getting wild on Wall Street.R/Wallstreetbets is back in full swing - that's the Reddit page where investors attempt to manipulate stock prices.And it's worked well.That's because many of the stocks chosen by r/Wallstreetbets are heavily shorted.And once the price rises, the shorts have...Read More
(IDEX Online) - An elderly woman was reunited with her treasured engagement ring, thanks to the kindness of a metal detecting enthusiast.Elsie Brown, 85, had given up hope of finding the ring from her late husband a week after it slipped form her finger while she was gardening at her home in Middlesbrough, England.Lee Smith, 41, was visiting his partner across the road when he heard of his plight....Read More
(IDEX Online) - A 3.00-carat fancy intense green diamond ring sold for $491,000 at Christie's Jewels Online: Summer Sparkle.That was above its low estimate of $450,000, but less than a high estimate of $550,000.The cut-cornered square modified brilliant-cut diamond, GIA-certified as SI1, (pictured) was set in platinum with a fancy purplish pink cushion modified brilliant-cut diamond of 0.45 c...Read More
(IDEX Online) - Six employees at a New York jewelry store were attacked with bear spray in a shocking $800,000 heist. Gang members sprayed the bear-repelling aerosol - like pepper spray but stronger - at Revel Jewelers, in the Bronx, last Wednesday. Workers were taken to hospital suffering bear spray exposure - stinging eyes, noses and lungs, and coughing fits. Ten masked raiders smashed glass dis...Read More
All week the CDC has been walking back one "guidance" after another. No more compulsory testing, no more contact tracing, no more social distancing, no more treating the unvaxxed differently than the vaxxed (though the "Joe Biden" regime still won't allow unvaxxed travelers into the USA), no more vax mandates (except, apparently, for the U.S. military).The CDC seems to think nobody will notice its...Read More
PEA work continuesRead full newsRead More
The diversified company recorded net income in Q2 of US$859.3 million, which is up 857% from $89.8 million from the same period last year.Read More