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
Dear Outsider,You've heard me ramble on about the power of following legal insider trading.I've got to admit, I started to bore myself.That's because there was a severe lull in the broader markets and it kept raining on our parade.But as I've said many times, when the market drops, you need a strategy that gives you the upper hand.Main Street has been floundering...Investors aren't sure what moves...Read More
Right now, it's basically a case of the Fed versus the economy. You might say, "Wait a second. Isn't the Fed supposed to help the economy?"Well, not exactly. They may want to help the economy, but helping the economy actually isn’t job one. Job one is helping the banks. The Fed was essentially created to prop up the banking system and prevent bank runs.Everything else it tries to accomplish,...Read More
Investor Insight: InterGroup MiningSPONSOREDintergroup miningSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedAlicanto wows with maiden resourceSPONSOREDalicanto mineralsAs Nathan Richardson describes in this month's cover story, perhaps no mining jurisdiction in the world punches so far above...Read More
(IDEX Online) - A 38-carat Goloconda diamond that once belonged to socialite Christina Onassis is being offered for sale with a $7.5m price tag.The pear-shaped Type IIa, D-color, VVS1-clarity stone was set into a pendant necklace by Jacques Timey for the King of Diamonds, Harry Winston.The platinum and white 18K gold necklace (pictured) has an additional 20.00 to 25.00 total carats, of G col...Read More
(IDEX Online) - The UAE accounted for almost a third of Israel's rough diamond imports and almost a fifth of its exports last month, according to new figures.There was no official trade of any kind between the two countries before the Abraham Accords, signed in September 2020, normalized relations.But in June, Israel imported approximately $64m of rough diamonds from the UAE, which is about 3...Read More
(IDEX Online) - A criminal who defrauded 30 jewelry stores using stolen credit and debit cards he bought on the dark web has been jailed for more than six years.Hasan Howard, 23, of Cleveland, Ohio, USA, was also ordered to pay $261,000 in restitution.He and co-conspirators bought high-value jewelry and watches in store and over the phone, according to court documents.He and others bought $19,000...Read More
The most salient question of our time is: Who destroyed the world?We know the "what" of that question already. It was the lockdowns, the spending, the monetary insanity, the mandates and the overwhelming and ghastly explosion in the forces of command and control imposed all over the world.This broke everything. It is nowhere near being put back together again. In fact, it is getting worse.The main...Read More
Jaime Leverton, CEO of digital currency miner at Hut 8 Mining, joins BNN Bloomberg and discusses how the company's diversification strategy and strong balance sheet helps the company remain bullish on bitcoin.Read full newsRead More
Jaime Leverton, CEO of digital currency miner at Hut 8 Mining, joins BNN Bloomberg and discusses how the company's diversification strategy and strong balance sheet helps the company remain bullish on bitcoin.Read full newsRead More
TORONTO, July14, 2022(GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) ("Red Pine" or the "Company") is pleased to report on new...Read full newsRead More
Share this article VANCOUVER - Turquoise Hill Resources Ltd. [TRQ-TSX] has raised its 2022 gold production guidance for the Oyu Tolgoi mine in Mongolia.The company said copper production guidance for this year remains within the range of 110,000 to 150,000 tonnes. However, the gold production target has been raised to new range of 150,000 to 170,000 ounces. The previous target was 135,000 to 165,...Read More
Look beyond market approach to project valuations: van ZylLeadershipAlma Metals targets resource expansion at copper project in QueenslandSPONSOREDalma metalsMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDRumble in the outback, "zinc elephant sighted"SPONSOREDrumble resourcesBHP will be next to reveal the impact of tough operating conditions when it releases its J...Read More
"In particular, since the beginning of June, the dollar has appreciated around 7% globally and the price of copper has fallen by approximately 30%," the central bank said in a statement.Read More
Cash costs are now expected to be in the range of US$850 million-$925 million for 2022, higher than previous guidance of $800 million-$875 million.Read More
Chile's Supreme Court has ratified the definitive closure of Toronto-listed Barrick Gold's US$8.5-billion Pascua-Lama gold-silver project in the South American country.Read More
Red Dirt Metals: unexpected lithium starSPONSOREDred dirt metalsAlma Metals targets resource expansion at copper project in QueenslandSPONSOREDalma metalsMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDRumble in the outback, "zinc elephant sighted"SPONSOREDrumble resourcesPilbara iron ore shipments increased 5% year-on-year and 12% quarter-on-quarter to 79.9 millio...Read More
South African miner Gold Fields (NYSE: GFI; JSE: GFI) trusts that Yamana Gold's (TSX: YRI; NYSE: AUY) shareholders will back its planned US$6.7-billion takeover of the Canadian gold miner.The proposed merger, which would create the world's fourth-largest gold miner and that is expected to surpass Agnico Eagle (TSX, NYSE: AEM) in a year to take third place, has been criticized by Gold Fields inves...Read More
NexGen Energy (TSX: NXE; NYSE: NXE) said that the Canadian Nuclear Safety Commission (CNSC) has accepted its draft environmental impact statement (EIS), which it submitted last month, for its Rook I uranium project in Saskatchewan. The CNSC's acceptance has advanced the project into the next phase which will include assessments from provincial and federal authorities, the company said. Alongsid...Read More
CanAlaska Uranium (TSXV: CVV; OTC: CVVUF) has discovered a significant zone of basement-hosted uranium mineralization during its summer drilling program at the West McArthur project in Saskatchewan. West McArthur is a joint venture project with Cameco (TSX: CCO; NYSE: CCJ) the world's largest public uranium company. CanAlaska currently owns about 70% of the JV and is the operator.During the seco...Read More
Shares of Wesdome Gold Mines (TSX: WDO) fell to their lowest in a year after the company reported a "weak" performance in its second quarter and said that it would be re-evaluating its 2022 guidance. The company's total gold production fell by 10% to 27,240 oz. in the second quarter of 2022, compared to 30,375 oz. in the same quarter last year. Wesdome's flagship mine, Eagle River near Wawa, On...Read More