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
(IDEX Online) - There were many losses in June, as there were in May. The war continues in Ukraine, as do the sanctions on Russian rough, and Indian manufacturers are still filling the supply gaps, especially among smalls, by switching to lab grown. In May we saw more increase among goods over 2.0-cts seeking refuge from the stock market. In June those increases were limited to goods over 4.0-cts....Read More
The landmark ruling by the Supreme Court to curb the EPA's powers to force a reduction in carbon emissions from coal and gas-fired power stations is seen as a major setback to President Joe Biden's climate policies.Biden termed the Court's ruling "another devastating decision that aims to take our country backwards".The NMA, whose members include over 250 firms involved in the mining and supply in...Read More
Stillwater Critical Minerals (TSXv:PGE, OTCQB:PGEZF, FSE:5D32), formerly Group Ten Metals, has just undergone a complete rebranding, adopting a fresh image that showcases its enviable position in the market.The company's flagship project is the district-scale, 100%-owned Stillwater West PGE-Ni-Cu-Co-Au property in Montana, where Stillwater Critical Minerals ("SWCM") is the second-largest landholde...Read More
Remember the old days of the Clinton administration?It came to power riding a center-left push against the messes of the Bush administration. Clinton was careful to distance himself from the crazies with a series of high-profile rebuffs of the worst among them.The hope was to advertise as a moderate but govern slightly to the left.But then the polls and the markets started to speak, and loudly. Th...Read More
Once upon a time, President Reagan said, "The nine most terrifying words in the English language are: I'm from the government, and I'm here to help."Decades earlier, Aim?(C) C?(C)saire wrote a blistering screed against European colonialism that started with:A civilization that proves incapable of solving the problems it creates is a decadent civilization.A civilization that chooses to cl...Read More
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Potanin, known as the "Nickel King", was sanctioned by the UK government for his ties to Russian President Vladimir Putin.Read More
Blue Horseshoe Ventures launches their new capital-raising platformSPONSOREDblue horseshoe ventures pty limitedAdvancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu minesIn a presentation made yesterday, BHP chief legal, governance and external affairs offi...Read More
While 2022 capital spend remains unchanged, 2023 is expected to increase by $60 million to between $280 and $320 million on the scheme, and in 2024 is expected to increase by $60 million to betweenRead More
The sale was at a share price of C$10.90 and reduces Coeur's holding in Victoria Gold to 9.5% on a non-diluted basis. The sale transaction is scheduled to close on or about June 30.Read More
Blue Horseshoe Ventures launches their new capital-raising platformSPONSOREDblue horseshoe ventures pty limitedAdvancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu minesPotanin, known as the "Nickel King", was sanctioned by the UK government for his ties t...Read More
(IDEX Online) - Zales has launched a new diamond cut with 185 facets - compared with the 58, including the culet, of a traditional brilliant cut - claiming it creates a "breathtaking sparkle".The US jeweler, which has 2,800 stores and is part of the Signet group, says its Celebration Infinite diamonds, with more than three times the regular number of facets, are expertly cut for excellent li...Read More
(IDEX Online) - The Russian Ministry of Finance has condemned "far-fetched" accusations that diamonds are funding its invasion of Ukraine and should therefore be outlawed by the Kimberley Process.It issued a statement insisting Russia "has always been and remains an exceptionally responsible participant of the Kimberley Process".And it said tax and dividend payments from Russian diamond mining ope...Read More
(IDEX Online) - The demolition of Canada's Victor diamond mine - which involved flying in specialist machinery in Hercules cargo planes - was completed ahead of time, despite many challenges.The site, in a remote and frozen area of northern Ontario, is now being returned to its natural state.Victor was identified in 1987 as Canada's first economically viable diamond deposit.De Beer...Read More
(IDEX Online) - Gwyneth Paltrow is again under fire, over the price of her new "everyday" jewelry collection.Social media users say the new range - including a $7,900 gold necklace with 1.96 ctw of white diamonds - is "out of touch", "unaffordable" and far from being "everyday".The Hollywood A-lister, aged 49, launched new pieces branded as G. Label through her online business Goop last week. ...Read More
(IDEX Online) - Swarovski, the family-owned crystal and jewelry company, is to have an "outsider" permanently at the helm for the first time in its 127-year history.The Austria-based business has appointed Alexis Nasard (pictured), from Switzerland, currently a senior business advisor at management consultants McKinsey & Company.He replaces Michele Molon, a non-family member, who served as CEO...Read More
EDM Resources (TSXV: EDM) has entered into a definitive credit agreement with Swiss base metals trading company IXM for US$24 million in debt financing to advance the company's Scotia mine towards commercial production.Scotia is a fully owned and permitted zinc-lead operation consisting of a mine and mill that last operated in 2009. The open-pit mine and related facilities are located near Halifa...Read More
Wyloo Metals made a big splash last year with its battle against Australian behemoth BHP (NYSE: BHP; LSE: BHP; ASX: BHP) for control of Ring of Fire junior Noront Resources. The private, Western Australia-based company, owned by Australian billionaire Andrew Forrest's Tattarang investment group, outlined its vision for Noront's high-grade nickel-copper-PGM Eagle's Nest project early on. The miner...Read More
Geoscience BC has completed a new project that would make data for hundreds more mineral exploration and development reports in British Columbia searchable by location for the first time.National Instrument 43-101 technical reports contain comprehensive geoscience information on prospective mineral properties and are available from the Canadian Securities Administrators' (CSA) SEDAR website. Howev...Read More
Canada's Kinross Gold (TSX: K; NYSE: KGC) expects to declare an initial mineral resource for its recently acquired Great Bear gold project in Red Lake, Ont., as part of its 2022 year-end results, it said in an update.The gold miner, which paid $1.8 billion in cash and shares for Great Bear in a deal that closed in late February, said the estimate predominantly in the inferred resource category, wi...Read More