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
(IDEX Online) - Petra saw revenue almost halved at its latest tender.The UK-based miner sold a total of $40.5m at its Tender 2 (September/October), down 49 per cent on $79.3m at Tender 1 in August.Three quarters of the goods by volume - 344,554 carats - were sold in September, ahead of the Indian moratorium (15 October to 15 December) for $30.2m. The remaining 99,475 carats have now sold for...Read More
Paradox lithium resources are 45% higher than previously reported, including a 6% increase in indicated resources and a 117% increase in inferred resources.Read More
BHP has been working to exit fossil fuel positions, as it pivots to focus on energy transition.Read More
The London-listed miner restated its revised full-year attributable production guidance of between 289,000 and 303,000 gold equivalent oz.Read More
'Underdog' Warriedar rapidly progressing gold and base metals projectsSPONSOREDwarriedar resources Encounter with copper and critical minerals focus in emerging provinceSPONSOREDencounter resourcesReach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesThe agreement is the first lithium acquisition by Codelco. Lithium Power shareholders will receive A$0....Read More
There are no significant independent copper companies operating in Australia listed on the ASX since BHP's takeover of OZ Minerals last year.Read More
The deal for OZ was concluded on May 2, and with a full September quarter of production from the Carrapateena and Prominent Hill operations under its belt, BHP reported an 11% boost in production ofRead More
Robert Friedland arrived fresh off a flight from Mongolia just in time to be the last keynote speaker of The Northern Miner's Canadian Mining Symposium in London, U.K., Oct. 12-13. In no-holds-barred remarks that covered everything from climate change and the role of miners in the green energy transition to the recent outbreak of war between Israel and Hamas, the famed mining financier and founder...Read More
Today we run a warning flag up our flagpole…For we have detected "zombies." Zombies?Mr. Robert Burrows of BondVigilantes.com:Zombie firms are essentially companies that exist on borrowed time.They struggle to generate enough profits to cover their debt obligations, yet manage to stay afloat thanks to lenient borrowing conditions. The prolonged period of ultra-low interest rates following the...Read More
(IDEX Online) - Leonardo DiCaprio has invested $2m in ID Geneve, a new and environmentally-conscious Swiss watch brand.The Hollywood actor, who starred in the 2006 movie Blood Diamond, has previously provided financial backing for Diamond Foundry, the US lab grown company.ID Geneve is Switzerland's first luxury watchmaker to be awarded B Corp Certification based on its entire social and envir...Read More
Reach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesEncounter with copper and critical minerals focus in emerging provinceSPONSOREDencounter resources'Underdog' Warriedar rapidly progressing gold and base metals projectsSPONSOREDwarriedar resources The authority said the company had not completed the construction of an infiltration capture system at...Read More
The company has produced 469,100t in the first nine months of 2023, 4.1% higher than a year ago and left its full-year guidance unchanged at 640,000-670,000t.Read More
(IDEX Online) - Alrosa could sell its 41 per cent stake in the Catoca diamond mine, in Angola, according to media reports.The sanctioned Russian miner is said to be negotiating an exit from its joint venture with Endiama, Angola's state-owned miner, which also holds a 41 per cent stake, according to the Africa Intelligence website.The remaining 18 per cent is owned by Leviev International - L...Read More
'Underdog' Warriedar rapidly progressing gold and base metals projectsSPONSOREDwarriedar resources Encounter with copper and critical minerals focus in emerging provinceSPONSOREDencounter resourcesReach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesGiuseppe Bivona, Bluebell's co-chief investment officer, disputed the notion in City trading rooms that...Read More
This, the company outlined in its production results, was due to the continued ramp-up of ore from Oyu Tolgoi (up 16% on the year in terms of volume mined) and higher feed grades at Escondida.Read More
(IDEX Online) - Ukraine has removed the Indian diamond manufacturer Shree Ramkrishna Exports (SRK) - one the largest in the world - from its list of international sponsors of war.The Mumbai-based company was accused last month of "continuing to cooperate with the aggressor, purchasing diamonds in Russia," despite Western sanctions.SRK responded by insisting it had not bought rough diamonds f...Read More
Share this article VANCOUVER - American Eagle Gold Corp. [TSXV-AE; OTCQB-AMEGF] reported Hole NAK23-12 has intersected 900 metres of 0.50% CiEq (copper equivalent) from surface in the North zone of Nak copper-gold porphyry project, northern British Columbia.Highlights: NAK23-12 returned 900 metres of 0.50% CuEq from surface in the North Copper Zone, including 540 metres of 0.61% CuEq from 344 metr...Read More
"The market is pretty well versed and understands the opportunity and investment requirement.Read More
(IDEX Online) - A necklace featuring a huge 93.94-carat Paraiba tourmaline is to be auctioned by Sotheby's Geneva, with a $1.44m to $2.44m estimate.The Blue Lagoon comes from Mozambique and is described as "slightly greenish blue, richly saturated with very fine clarity".It has been set by Geneva-based Adler Joailliers in a diamond lariat necklace with 36.50 carats of marquise cuts,13.95 cara...Read More
Many of the mineral deposits have been known for decades, but in the dawning age of the electric vehicle (EV) they are taking on new significance with the reshuffling of the global world economy,Read More