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
Cornish Lithium, the start-up hoping to lead the development of an industry for the battery metal in the U.K., has secured another ?9 million (US$11 million) from metals-focused investment company TechMet to help fast-track its lithium projects in the homeland.The amount corresponds to the second tranche of an ?18 million (US$22 million at today's exchange rate) funding package agreed with t...Read More
Precious metals miner Sibanye-Stillwater (JSE: SSW) (NYSE: SBSW) said on Friday that its Stillwater platinum mine will remain halted for four to six weeks, as the company works on repairing damage caused after widespread flooding in Montana.Following an initial assessment of the impact of weather-triggered inundation and mudslides, Sibanye-Stillwater said that its operations were largely unaffec...Read More
Rio invested C$25.6 million in the junior to take a 7.8% stake in 2021 to fund an 18-month work programme geared towards completing a technical work programme to get the major comfortable with potentially buying the junior.Casino is a large, at surface open pit deposit which could sustain production for decades, including a high-grade starter pit, which could see the multi-billion project developm...Read More
I've been talking about hypersonic weapons for years now, but I've never received more questions about them than I have these past few weeks. It took me a while to figure out why, but eventually someone told me that Tom Cruise takes a joyride in the opening scene of this summer's blockbuster movie Top Gun: Maverick.I'm not a movie-goer myself, but I did watch the scene and I will concede that it...Read More
With so much going on with the war in Ukraine, skyrocketing inflation, looming food shortages and more, it's easy to overlook the elites' ongoing war on cash.But that's a serious mistake because it has serious implications not only for your money, but for your privacy and personal freedom as you'll see today. My view is that the war on cash is dangerous in terms of lost privacy and the risk of gov...Read More
Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP0) (OTCQB: BAUFF) (Read full newsRead More
Share this articleVANCOUVER - Patriot Battery Metals Inc. [PMET-CSE, PMETF-OTCQB, R9GA-FSE] shares rallied Thursday after the company released results from the last four drill holes to be reported from the 2022 winter drill program at the Corvette - FCI gold-copper-silver-lithium project in the James Bay Region of Quebec.The results include some of the strongest drill intersections to date, includ...Read More
Toronto-listed Osisko Mining is on course to provide an updated mineral resource estimate for its Windfall gold project in Canada in the fourth quarter.Read More
The firm on June 21 announced it had secured surface rights from local Mexican authorities for Cerro de Oro.Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipCONEXPO-CON/AGG, Taking Construction to the Next LevelSPONSOREDconexpo-con/agg 2023Advancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningThe new finance is from the Bipartisan Infrastructure Law and is aimed at funding new research o...Read More
The company has received a binding commitment letter from a syndicate of lenders for a six-year, US$200 million loan and a three-year US$50 million revolving credit facility for a total debt limit ofRead More
CONEXPO-CON/AGG, Taking Construction to the Next LevelSPONSOREDconexpo-con/agg 2023Advancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu minesCodelco typically has to pass its profits to the national treasury and request funds from the national budget, whic...Read More
CONEXPO-CON/AGG, Taking Construction to the Next LevelSPONSOREDconexpo-con/agg 2023Advancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu minesExcited by forecasts of strong long term metal demand growth and indefinite supply shortfalls, miners have been pos...Read More
(IDEX Online) - Gemfields says it sold rough rubies worth $95.6m at its latest online auction, setting a new company record.The London-based ruby and emerald miner described the results as "glittering", despite failing to sell a single lot that accounted for almost a quarter of the total weight of rubies sold.The rubies were all extracted by Montepuez Ruby Mining (MRM) which is 75% owned by Gemfie...Read More
(IDEX Online) - The Angolan government now has majority stake in Catoca, the world's fourth biggest diamond mine.It transferred part-control from Chinese investors LLI International after a ruling by the attorney general, and it now holds 59 per cent of its shares.The remainder are held by Alrosa, the Russian miner, although it is exempt from US sanctions because it owns under 50 per cent.The...Read More
Recent drilling successes at Filo del Sol have raised industry expectations that Filo del Sol could be a major regional copper resource and developed alongside nearby projects in VicuñaRead More
"The court agreed with PolyMet that the case should be dismissed because project opponents failed to properly serve PolyMet under the Minnesota Rules of Civil Appellate Procedure, and that failure meant that the court lacked jurisdiction," PoyMet said."Barring an appeal to the Minnesota Supreme Court, the ruling lays to rest multiple legal challenges that mining opponents have brought against the...Read More
The first gold pour at Ascot Resources' (TSX: AOT) Premier gold project in northwestern British Columbia will be delayed by more than one year due to financing issues.On Thursday, Ascot said it still hasn't secured financing for the 2022 building season and as a result some aspects of the project have been decelerated or put on hold. First gold at Premier is now expected at the end of 2023 or the...Read More
Northern Graphite (TSXV: NGC; US-OTC: NGPHF) sold 965 tonnes of graphite, worth US$1.5 million, and produced 1,281 tonnes in May at its Quebec-based Lac des Iles mine, which the company acquired in April. While the sale of the majority of the mine's graphite is contracted on an annual basis, in early June the company received a spot order for 152 tonnes of the material, which Northern Graphite...Read More
Shares of Xtra-Gold Resources (TSX: XTG; US-OTC: XTGRF) rose to their highest in a month on Thursday afternoon as the company reported results from ongoing resource expansion drilling at its wholly-owned Kibi gold project in Ghana.Highlights from the 24 holes released included 77 metres grading 1.59 grams gold per tonne starting from 122 metres in hole KBDD22481; and 43 metres grading 1.57 grams...Read More