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
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Canada's largest diversified miner, has set a carbon capture utilization and storage (CCUS) pilot project at its metallurgical complex in southern British Columbia.The CCUS plant, which is expected to start operating in the second half of 2023, supports the firm's net-zero climate change strategy, Teck said. This includes the company's goal of re...Read More
As a lender to resource companies at the prefeasibility and later stages, Sprott Resource Lending routinely sees a "massive" range in the quality of work that mining companies perform on reserves and resources statements, said managing partner Jim Grosdanis, at the Mining Investment Event of the North conference in June. "While they might be at the [definitive feasibility study] stage... we woul...Read More
Shelter line stretchin' round the corner,Welcome to the new world order,Families sleepin' in their cars in the Southwest,No home no job no peace no rest.The highway is alive tonight,But nobody's kiddin' nobody about where it goes,I'm sittin' down here in the campfire light,Searchin' for the ghost of Tom Joad."The Ghost of Tom Joad" - Bruce SpringsteenDear Friend,...Read More
This week, the Cabinet will reveal its plans for two new nuclear power stations. Climate and Energy Minister Rob Jetten called the stations "a good addition to all sustainable techniques," according to the NOS.Read full newsRead More
"We are working with a local Alberta company, CWC Energy Services' drilling division, Ironhand, using a conventional oil and gas drill rig," E3 CEO Chris Doornbos said.Read More
Share this articleCALGARY - Global Helium Corp. (CSE: HECO) (OTC: HECOF) one of Canada's largest and most aggressive helium exploration and development companies, announced that it has increased its landholdings in Saskatchewan's famed "helium runway" by 13% to 1.7 million acres. The Company has simultaneously acquired a third helium property in Montana through a strategic State and freehold leas...Read More
Share this articleTORONTO - Toubani Resources, Inc. (formerly African Gold Group, Inc.) (TSX-V: TRE, FRA: 3A61) announced that in line with its corporate strategy and shareholders' approval, the Company completed its change of name to "Toubani Resources Inc." on June 15, 2022. Common shares of the Company began trading on the TSX Venture Exchange under the new trading symbol "TRE" at the opening...Read More
Share this article VANCOUVER - CanAlaska Uranium Ltd. [CVV-TSXV, CVVUF-OTCQB, DH7N-Frankfurt] said Monday it has launched a high-resolution helicopter-borne aeromagnetics and radiometrics survey on its Key Extension project near Saskatchewan's Athabasca Basin.CanAlaska shares advanced on the news, rising 4.7% or $0.015 to 33 cents on volume of 130,770. The shares are currently trading in a 52-w...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 minesThe study tested a 20-year operation producing an average of 7,800 tonnes per annum of...Read More
A coalition of Apaches and other Native peoples will appeal to the US Supreme Court a San Francisco Court of Appeals split ruling on June 24 that upheld legislation under the Obama Administration on aRead More
"Not only do we border New Found Gold, but our Goose property is approximately 1 km from their ‘Keats Zone' discovery making this one of, if not the closest projects to the discovery,"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 mines"We are working with a local Alberta company, CWC Energy Services' drilling division, I...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 minesThe drop from A$3.41 to A$2.Read More
(IDEX Online) - Edward Asscher, president of the World Diamond Council (WDC), said there was "strong support" for reforms at the Kimberley Process's intersessional meeting, despite its failure to address the redefinition of conflict diamonds."This year, throughout our engagements with many government participants here in Kasane (Botswana), there seems to be strong support for further reforms,...Read More
(IDEX Online) - US president Joe Biden yesterday announced plans by G7 - the world's seven richest nations - to impose sanctions on Russian gold.Russia supplies around a tenth of the world's gold and has reserves valued at $140bn, according to estimates by the World Gold Council.The G7 nations - Canada, France, Germany, Italy, Japan, the US and the UK - resolved to outlaw imports of newl...Read More
(IDEX Online) - A Ukrainian diplomat is urging consumers not to buy Russian diamonds, because they fund the war in her country.Liubov Abravitova, who serves as her country's ambassador to South Africa, Botswana and Mozambique, made the comments as members the Kimberley Processes failed to reach any agreement over calls to broaden its definition of conflict diamonds."When you see Bucha, Irpin,...Read More
The Mining Association of Canada (MAC) released a new national poll that for the first time finds high levels of support for Canadian mining. The shift indicated increased understanding on the role Canada's mining industry must play in producing the green technologies essential to a low carbon future.For the past 12 years, MAC has worked with Abacus Data to assess public opinion on Canada's mining...Read More
Westhaven Gold (TSXV: WHN) has reported new high grade drill results from its ongoing program at its Shovelnose gold property in British Columbia, as it looks to expand resources in its next update in early 2023.Highlights of the drill results included 2 metres grading 39.67 grams gold per tonne and 30.38 grams silver starting from 104 metres depth in hole SN22-240; and 24.9 metres grading 3.47 gr...Read More
Calibre Mining's (TSX: CXB; US-OTC: CXBMF) shares rose this morning after the company reported high-grade precious metals intercepts from drill results at the Panteon north zone at its Limon mine in Nicaragua.Highlights included 5.8 metres (estimated true width of 5.6 metres) grading 66.03 grams gold per tonne, and 50.1 grams silver starting from 306.2 metres in hole LIM-22-4630; and 5.1 metres (5...Read More
Canada Nickel Company (TSXV: CNC; US-OTC: CNIKF) has received results from drilling at the Reid property in Ontario, where two holes were recently completed as part of its regional exploration program and led to the discovery of nickel mineralization.This discovery has now been confirmed with the latest set of assays. The highlight was hole REI21-02, which intersected 354 metres of 0.24% nickel an...Read More