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
Just a few days ahead of the 2nd UN Ocean Conference taking place in Lisbon from June 27th to July 1st, the European Commission issued a communiqu?(C) that, among other things, strengthens the bloc's position against deep-sea mining. The idea of banning mineral extraction in the exclusive economic zones of EU countries was one of the many items on the EU agenda on International Ocean Governance (...Read More
Shares in Australian gold producer Evolution Mining (US-OTC: CAHPH; ASX: EVN) cratered on Monday after it downgraded its forecast gold production for the year to June 30 and shelved a multi-million dollar expansion.The announcement triggered a sell-off that sent the company's stock 22% down and wiped off almost A$3.5 billion (US$2.4 billion) of the value of Australia's big three gold miners - Nort...Read More
Canada has unique strengths as a mining nation, including a large land base with a "vast diversity" in its mineral endowment, access to the U.S. market, and a long and successful mining history. Those were just some of the reasons why Canada is prominent in mining and a draw for investment, said keynote speaker Douglas B. Silver at the Mining Investment Event of the North conference, organized by...Read More
Copper is pivotal to the global transition to a clean energy future. The red metal is an essential ingredient for the electric vehicles (EVs), energy storage systems, and renewable energy technologies underpinning this transition.However, declining ore quality, mine closures, and the absence of additional investment in new supply could lead to a shortfall of 16 million tonnes by 2040, according to...Read More
Dear Outsider,Last week was crazy.Markets took a heavy beating only to come roaring back Friday after Fed Chair Jerome Powell finished up his testimony before the Senate Banking Committee.By now, you've probably heard some snippets.Good luck slogging through the whole thing...But one conversation stood out to me.It was about the cause of inflation and rising gas prices.For some context, we've...Read More
I've been addressing the war on cash lately, and for good reason. While everyone's attention is focused on the war in Ukraine, inflation and the Supreme Court, government plans to eliminate cash are accelerating.For example, central bank digital currencies (CBDCs) are coming even faster than many anticipated. The digital yuan is already here; it was introduced in China last February during the Win...Read More
(IDEX Online) - A jeweler had his uninsured suitcase of diamonds and jewelry, valued at over $1m, stolen as he packed up at the end of a gem show in Houston, Texas, USA."It takes so much to collect... and to see everything vanish... It's your entire life savings. It's gone," Iftikhar Sayed, 72, told local news channel Click2Houston.He and his wife had been displaying their goods at the I...Read More
(IDEX Online) - Two suspects have been arrested over the $12m armed heist at Bulgari's flagship store in Paris last November. The men, aged 26 and 37, were detained on Tuesday (21 June), according to French media. Four robbers fled on scooters and three in a grey BMW, after the raid in the capital's prestigious Place Vendome (pictured), which is also home to Chanel, Boucheron...Read More
(IDEX Online) - Kimberley Process (KP) must address its narrow definition of conflict diamonds, Edward Asscher, president of the World Diamond Council (WDC) told delegates at a meeting of the global watchdog in Botswana last week.He warned that industry solutions to responsible sourcing could end up eclipsing KP's certification scheme - but could also marginalize smaller players without the r...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 addition to the above, the marketing efforts of the quasi-industry-government body,...Read More
Our economy is in a crisis that’s been brewing for decades.The Chinese characters for the English word crisis are famously - and incorrectly - translated as danger and opportunity. The more accurate translation is precarious plus critical juncture or inflection point.Beneath its surface stability, our economy is precarious because the foundation of the global economy - cheap energy - has rea...Read More
Though mining and metallurgical operations in Montana, US were largely unaffected by the flooding this month, key infrastructure including bridges and access roads were impacted.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 minesGlobal mining capex averaged around US$99.5 billion a year in the past decade but inclu...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 review would be concluded by December, the LME said. Read More
Banyan published a 4 million ounce resource update in May and with 60,000m in its drilling plan for this year, management believes the resource will number 6-8Moz by the fall, the next time it isRead 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 minesThough mining and metallurgical operations in Montana, US were largely unaffected by th...Read More
Altiplano president and CEO Alastair McIntyre said the facility was completed within the company's financial expectations while it did encounter several timeline challenges amid the Covid-19 pandemic.The El Penon processing facility is about 15 kilometres from Altiplano's Farellon copper-gold mine near La Serena."Processing of stockpiled material currently stored at the El Penon site has begun as...Read More
Argonaut Gold (TSX: AR) has entered into an agreement with banks and financial institutions to issue 434 million common shares to help it finance the final construction of its Magino gold mine in Ontario.Argonaut's 100%-owned Magino mine is an underground, past-producing project located about 40 km northeast of Wawa. Construction to bring mine back into production as an open pit operation has been...Read More
E3 Lithium (TSXV: ETMC; US-OTC: EEMMF) has started drilling a brine production well - which it says is Alberta's first - for evaluating lithium in its Clearwater project.The well, located east of the town of Olds, will provide the company with data such as brine chemistry, lithium concentrations and the reservoir characteristics of the project, which E3 plans to use to upgrade its resource estimat...Read More
Chile's Environmental Assessment Service (SEA) has rejected the environmental impact assessment for Rio2's (TSXV: RIO; US-OTC: RIOFF) Fenix gold project in the Atacama region. The SEA's report notes that while Fenix meets the environmental regulations and requirements, it didn't provide enough information on how it aims to eliminate the "adverse impacts" that the project will have on the area's w...Read More