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
ESG is something that needs to be integrated into the business rather than something on the side, and has evolved from "nice to have" to "must have," said Orix Geoscience co-founder Ashley Kirwan on June 8 at the Mining Legends Speaker Series, organized by The Northern Miner, the Canadian Mining Hall of Fame and Young Mining Professionals."I think employees have good opportunities to drive that ch...Read More
Saskatchewan-focused uranium developer Denison Mines (TSX: DML; NYSE: DNN) has received approval to prepare, construct and operate the facilities required to carry out the feasibility field test (FFT) planned for the Phoenix deposit - the first deposit identified for in-situ recovery (ISR) mining in the Athabasca Basin region.The approval was granted by the Saskatchewan Minister of Environ...Read More
Sigma Lithium (TSXV: SGML; NASDAQ: SGML) says its 25%-ready Grota do Cirilo lithium project in Brazil will benefit from a presidential decree issued last week allowing unrestricted trade of any products containing the battery metal.The Brazilian government has simplified foreign trade procedures on the export of lithium and its derivatives by eliminating the requirement to solicit quotas and expor...Read More
Anglo American (LSE: AAL) said on Tuesday it had begun producing copper concentrate at its US$5.5 billion Quellaveco mine in Peru. The mining giant, which has a 60% stake in the mine, earlier this year forecast the copper project will produce between 100,000 and 150,000 tonnes in 2022, boosting the company's overall copper production for the year to between 680,000 and 760,000 tonnes.First ore...Read More
Bank of America warns weak steel demand will mean "further room to the downside" for iron ore prices."In our view, with our base case of annual crude steel production in China dropping by 6% year-on-year, we could theoretically justify a decline in iron ore prices to $80 per tonne, given historic relationships between steel production and iron ore prices," the bank stated in a July 12 research not...Read More
It seemed at first like a typical backdoor listing, with copper-gold assets being vended to a struggling uranium-tin-tungsten explorer.Read More
Frazer Tabeart, MD of Australia-focused copper explorer Alma Metals, explains the company's enthusiasm for its flagship Briggs, Mannersley and Fig Tree Hill copper joint venture project in Queensland, plus the potential for a new copper province in WA's north.Read More
Right now Russia's chief export is chaos. Its biggest import? Cash from desperate nations. Putin's sudden ousting from the global energy market triggered a massive energy panic, forcing both Russia and its former customers into an incredibly uncomfortable position. In Russia's case, the economy is showing significant damage. Sanctions have practically wiped out all other export revenue. Putin i...Read More
The war in Ukraine is in its sixth month, and there's no end in sight. Here's what we know...Almost everything you heard about the war in Ukraine from U.S. media over the course of March, April and May was a lie.You heard that Putin was losing the war. You heard that Russians had poor training and low morale and were deserting in droves. You heard that Ukrainians were destroying Russian armor in l...Read More
By Jaime Llinares Taboada ECR Minerals PLC said Monday that recent drill results show signs of grade continuity at its Bailieston gold project in Australia....Read full newsRead More
By Jaime Llinares Taboada Shares in Lexington Gold Ltd. jumped Monday in early trading after the company reported high-grade gold results for its Loflin...Read full newsRead More
TORONTO, July 11, 2022 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) ("Galantas" or the "Company") is pleased to announce the appointment of SP Angel Corporate Finance LLP as its Joint Broker to support its position as an AIM-quoted company, with immediate effect. Panmure Gordon & Co will continue to act as the Company's Joint Broker. Neither TSX Venture Excha...Read More
Sydney, July 11, 2022 (GLOBE NEWSWIRE) -- Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies: Cobre Ltd (ASX:CBE) has started the next stage of drilling at the Ngami Copper Project (NCP) within the Kalahari Copper Belt (KCB), one of the most prospective copper belts in the world. Click hereFAR Ltd (ASX:FAR) has ap...Read More
Contango Holdings chief Carl Esprey aims to bring in a partner to develop the company's gold project in Mali in the coming months.Read full newsRead More
(All dollar amounts are United States dollars unless otherwise stated)Read full newsRead More
LEAD, S.D. - In a former gold mine a mile underground, inside a titanium tank filled with a rare liquified gas, scientists have begun the search for what so farRead full newsRead More
Contango Holdings chief Carl Esprey aims to bring in a partner to develop the company's gold project in Mali in the coming months.Read full newsRead More
Share this article TORONTO - Royal Gold Inc. [RGLD-NASDAQ] has agreed to acquire Great Bear Royalties Corp. [GBRR-TSXV] in a $200 million all-cash transaction.Great Bear Royalties Corp is a precious metals royalty and streaming company. Its principal asset is a 2% net smelter royalty on Kinross Gold Corp.'s (K-TSX, KGC-NYSE) Great Bear project, which is located in the Red Lake Mining District of...Read More
Mining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDHomegrown and future-focused: a battery and critical metals discovery in the USASPONSOREDstill waters critical mineralsEclipse Metals to Explore Rare Earth Potential of Historic Greenland MineSPONSOREDeclipse metals ltdThe iconic Humber Bridge significant to Humberside regionSPONSOREDpensanaSirius was acquired by Anglo American...Read More
Gold Fields will revise its dividend policy to enable it to declare an interim and final dividend in respect of each financial year, based on 30-45% of normalised attributable earnings,Read More