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 aims to drill some 26,500m drilling this year before resource cut-off date in October which will bring the project total up to more than 50,000m as it targets a maiden resource of 45-55Read More

The feasibility outlines a plan to batch process the 8 grams per tonne Manh Choh ore through Kinross' Fort Knox mill, which the major said means the project will proceed without having to permit,Read More

OzAurum drilling for a golden futureSPONSOREDozaurum resourcesMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDShallow, high-grade ounces continue for Alto at SandstoneSPONSOREDalto metalsStandout ESG credentials position Trigg to capture investor attentionSPONSOREDtrigg miningRio, Winning Consortium Simandou (WCS) and the Guinean government have incorporated La Compagnie du...Read More

Performance was boosted by the first full quarter of production from the Kirkland Lake Gold acquisition, which lifted output 71.Read More

OzAurum drilling for a golden futureSPONSOREDozaurum resourcesShallow, high-grade ounces continue for Alto at SandstoneSPONSOREDalto metalsStandout ESG credentials position Trigg to capture investor attentionSPONSOREDtrigg miningMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDAnglo American posted underlying earnings before interest, taxes, depreciation, and amortization (EB...Read More

OzAurum drilling for a golden futureSPONSOREDozaurum resourcesShallow, high-grade ounces continue for Alto at SandstoneSPONSOREDalto metalsStandout ESG credentials position Trigg to capture investor attentionSPONSOREDtrigg miningMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDMultiple events connect the big two of miners to Ukraine, even though neither has direct exposure.Read More

(IDEX Online) - A flamboyant pastor and his wife were robbed at gunpoint of $1m of jewelry as he delivered his Sunday sermon at a New York church.Police are investigating a complaint by Lamor Miller-Whitehead, who goes by the title bishop, at the Leaders of Tomorrow church, in Brooklyn.He says a raider brandishing a gun took off his bishop's ring and chain, his wedding ring, an chains he...Read More

(IDEX Online) - Lucara has announced the death of its founder and former chairman Lukas Lundin at the age of 64, after a two-year battle with brain cancer.He was the driving force behind the Canada-based Lundin Group of Companies, which employs 15,000 people globally in energy and mining.And in 2007 he established Lucara, the diamond mining company that owns the Karowe mine in Botswana. It is know...Read More

(IDEX Online) - Fugitive diamond merchant Jatin Mehta, wanted in India over sophisticated $1bn fraud, has found living an "expensive lifestyle" in Britain and has had his assets frozen by a court there.He is alleged to have been behind a scam to defraud a gold bullion and jewelry manufacturer and a diamond company in India, using a complex web of companies in the UAE, Britain, Singapore and I...Read More

"Unfortunately, our earnings were affected by significant provisional pricing adjustments given the late-quarter decline in base metal prices," the company's president and CEO Peter Rockandel said.The company has also revised down its 2022 production guidance, while lifting its cash cost forecasts.Lundin's total copper production guidance now stands at 250,000-274,000 tonnes, down from the previou...Read More

Canada's lithium supply response is expected to post strong growth through 2031 and outperform the U.S., a new analysis by Fitch Solutions Country Risk & Industry Research suggests.Canada's current solid project pipeline, prospective investments into petroleum brine production techniques in Alberta, and a fast-growing battery and electric vehicle (EV) manufacturing base in Quebec and Ontario provi...Read More

ATAC Resources (TSXV: ATC; OTC: ATADF) has updated the resource at its Osiris deposit, part of its 100%-owned Rackla gold property in central Yukon, incorporating 7,800 metres of drilling in 20 additional holes completed since the previous 2018 resource.A significant portion (43%) of the 2018 inferred resource has been converted to the indicated category, which now totals 732,000 oz. gold at an av...Read More

Equinox Gold (TSX: EQX), which is developing the Greenstone project in Ontario in partnership with Orion Mine Finance Group (60/40), said the overall project is now 35% complete, and the mine is on schedule to pour its first gold in the first half of 2024. The $1.2-billion project also remains on budget, with over half its total capital costs already contracted to date.Validity of the project's...Read More

I have a theory that mining executives are eating too much salad. Beatrix Potter warned us in 1909 that eating lettuce is soporific (in her Tale of the Flopsy Bunnies). Whatever the cause, mining companies seem to be sleepwalking into a catastrophic shortage of skills.The revered children's author was a remarkable lady. A keen natural scientist, Potter had a particular interest in archaeology, ent...Read More

Miners Ultra Argentina SRL and China's Zangge Mining have committed US$290 million in investments to explore and develop lithium deposits in northwest Argentina, as well as to build a plant, the minister of industry Daniel Scioli announced.Zangge Mining will initially invest US$40 million in the exploration and development of the Laguna Verde lithium project in the province of Catamarca.A further...Read More

Rio, Winning Consortium Simandou (WCS) and the Guinean government have incorporated La Compagnie du TransGuinéen (The TransGuinean Company) to further progress plans to co-develop the multi-purpose and multi-user infrastructure for the project.Rio and WCS will each hold 42.5% of La Compagnie du TransGuinéen, while the government will have a 15% free-carried interest.It comes after a...Read More

It is (un)official - the United States economy has descended into recession.Government data, this morning released, revealed that second-quarter GDP contracted at a 0.9% annualized pace.This, after first-quarter GDP contracted at a 1.6% annualized pace.A recession is generally defined as two consecutive quarters of economic contraction. And so there you are.Experts being experts, most polled econo...Read More

The company's share price was at a four-week high of C$4.32 (US$3.6) on July 26, having risen 4% day on day. It had been on a downward trend since hitting a year-to-date high of C$6.Read More

OzAurum drilling for a golden futureSPONSOREDozaurum resourcesShallow, high-grade ounces continue for Alto at SandstoneSPONSOREDalto metalsStandout ESG credentials position Trigg to capture investor attentionSPONSOREDtrigg miningMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDThe company's share price was at a four-week high of C$4.32 (US$3.6) on July 26, having risen 4% day...Read More

At 170 carats, the gemstone is one of the largest rough diamonds ever recovered globally and is believed to be the largest pink diamond recovered in 300 years. The Lulu joint venture has now recovered 27 stones exceeding 100ct, with the Lulo Rose the fifth largest from the field. The largest ever diamond recovered in Angola was the 404ct 4th February Stone, also from the Lulo concessions...Read More