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

Share this articleVANCOUVER - American Pacific Mining Corp. [USGD-CSE, USGDF-OTCQX, 1QC] has agreed to acquire Constantine Metal Resources Ltd. [CEM-TSXV] in an all-share transaction that will combine advanced projects in Alaska and the western United States.They include Constantine's preliminary economic assessment (PEA)-stage Palmer zinc-copper-gold-silver massive sulfide project in Southeast...Read More

The EPA has stated that the public comment period for the draft federal permit will last 45 days, ending on September 29, with a virtual public hearing to be held on September 15.Read More

Investor Insight: InterGroup MiningSPONSOREDintergroup miningSun shines on Saturn MetalsSPONSOREDsaturn metalsEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdThe arrangement sees the government take an additional 10% interest on top of the 10% it is obliged to take."This agreement demonstrates...Read More

Investor Insight: InterGroup MiningSPONSOREDintergroup miningSun shines on Saturn MetalsSPONSOREDsaturn metalsEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdThe combined company will have two projects in the western USA being advanced under strategic partnerships with major metal producers an...Read More

Under the deal, Mitsubishi will acquire a 15% equity interest in Hard Creek in exchange for C$8 million with Giga receiving an 85% equity interest in exchange for contributing all related assets forRead More

Investor Insight: InterGroup MiningSPONSOREDintergroup miningSun shines on Saturn MetalsSPONSOREDsaturn metalsEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltd"Market conditions in the equity and copper markets have changed significantly since the receipt of Rio Tinto's privatization proposal i...Read More

Investor Insight: InterGroup MiningSPONSOREDintergroup miningSun shines on Saturn MetalsSPONSOREDsaturn metalsEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdThree factors have lifted gold from its July 21 low of $1683/oz. Safe haven buying. A belief that inflation has peaked in the U.S.Read More

(IDEX Online) - Income tax officials in India posed as a 250-strong wedding party in a series of raids that netted undeclared gold, diamonds and cash worth $49m.The Income Tax department (IT) used 120 vehicles in the operation, decked out for a baarati, or the wedding procession that accompanies a bridegroom to the venue.They raided premises, warehouses, and farmhouses linked to two steel, clothin...Read More

(IDEX Online) - Customs officer in the US seized three shipments of counterfeit jewelry and watches from Hong Kong which would have been worth $6.88m if genuine.   The first shipment had a declared value of $319, but contained 275 assorted Cartier Love bracelets, with retail prices, if genuine, totaling $3.27m.   It was addressed to a private residence in Richmond, Virginia, but was inte...Read More

Investor Insight: InterGroup MiningSPONSOREDintergroup miningSun shines on Saturn MetalsSPONSOREDsaturn metalsEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltd"Similar to 2021, daily gold production at the Eagle Mine has increased substantially over the 2022 spring season. This is expected to r...Read More

Volcanogenic massive sulphide (VMS) deposits have been a core source of copper, zinc and sometimes gold mineralization for over 150 years and remain the mainstay of some major mining camps worldwide.However, the three historically identified VMS camps in Mexico are seeing renewed exploration interest following decades of relative disinterest by miners.In Mexico, three VMS districts have been ident...Read More

Taseko Mines (TSX: TKO; NYSE-AM: TGB; LSE: TKO) has scored a small, but key win in the long-dragged permitting process for its Florence copper project in Arizona as the U.S. Environmental Protection Agency (EPA) has issued a draft underground injection control (UIC) licence for the asset."The UIC permit is the final key permit required for the construction and operation of the Florence copper comm...Read More

The Dow Jones Industrial Average gained 957.58 points or 2.92%, to 33,761.05, and the S&P 500 climbed 134.96 points or 0.77% over the week to 4,280.15.The trading week's top gainer in value was Arch Resources, whose shares are in high demand as the global energy crisis deepens on the back of Russia's war on Ukraine. The miner reported late last month record net income, leading to the declaration o...Read More

Over the Aug. 8-12 trading period, the S&P/ TSX Composite Index gained 559.68 points or 2.85%, to 20,179.81. The S&P/TSX Global Mining Index added 2.33 points or 2.51% to 95.05, and the S&P/TSX Global Base Metals Index advanced by 9.13 points or 5.86% to 164.92. The S&P/TSX Global Gold Index gained 6.94 points or 2.89% to 247.11, and spot gold ended the week at US$18.85 per oz. higher, or 1.06%, a...Read More

The S&P/TSX Venture Composite Index edged up 2.5% or 16.32 points higher over the Aug. 8-12 trading session to end the week at 680.49. Toronto-based graphite junior Gratomic gained 122.2%, or 27 ?, to close at 60 ? per share. The company holds the Aukum vein graphite project in southern Namibia, which was mined periodically between 1940 and the mid-1970s. On Aug. 9, Gratomic announced the start...Read More

Junior Giga Metals (TSXV: GIGA) and global trading and investment firm Mitsubishi Corp. agreed on Monday to form a joint venture company, Hard Creek Nickel Corp., to develop the Turnagain nickel-cobalt deposit in northern British Columbia.As part of the deal, Mitsubishi will acquire a 15% equity interest in the joint venture firm for $8 million in cash. Giga will receive an 85% equity interest in...Read More

Our weekly TNM Drill Down feature focuses 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 4-12, as identified by Mining Intelligence.This week's best gold drill intercept comes from Tudor Gold's (TSXV: TUD) Treaty Creek property in British Columbia.On Aug. 11, Tudor announced it had re-ent...Read More

Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) has rejected majority shareholder Rio Tinto's (NYSE: RIO; LSE: RIO; ASX: RIO) bid to buy the 49% stake it doesn't already own in the company for US$2.7 billion, saying it did not reflect its full and fair value.The decision by the special committee appointed by Turquoise Hill blocks Rio Tinto's efforts to gain greater control of the giant Oyu Tolgoi c...Read More

The war in Ukraine has dragged on for six months and will likely last for many more months or possibly years if the U.S. doesn't end its policy of "fighting to the last Ukrainian."Attention spans have waned. Americans have adjusted to the energy price shocks (in fact, energy prices have come down a lot in the past month). Complacency about the war has set in.But that's a huge mistake.In reality, t...Read More

(IDEX Online) - At least 43 diamond workers have been sacked at the Murowa mine, in Zimbabwe, say union leaders.They protested after subcontractors failed to pay their wages for five months, according to the Zimbabwe Diamond and Allied Minerals Workers Union (Zdamwu).The mine workers arrived at the premises of their employer, subcontractors Capfire Private Limited, but were barred from entry and s...Read More