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) - An anonymous buyer paid $12.96m for the flawless 101.41-carat Juno diamond at Sotheby's New York - and promptly renamed it Claire G, after his wife.The Type IIa pear-shaped D-color IF stone sold for way over its $10m high estimate.It was only the 12th +100-ct D-color diamond ever to sell at auction, and it is the fourth-largest pear diamond to be offered at auction.It was the...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 minesPetro and his Historic Pact party will be the first Leftist government in Colombia's history. Together with running...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 minesThe C$10 million, 8,000m programme will focus on step-out and infill drilling at the Boundary Zone and Boundary Wes...Read More
"Today's results illustrate that the copper rich core of QF zone is becoming more robust at the 600 metre level and shows a very good eastern lateral extension with copper values of about 2% over a thickness of approximately four to five metres," executive chairman of Amex Exploration Jacques Trottier said.Amex highlighted the following results from the new follow-up drillholes on the copper rich...Read More
This week's episode features the Quebec Thought Leadership panel at the Global Mining Symposium, featuring Tony Brisson, President and CEO, SOQUEM, Nathalie Camden, Associate Deputy Minister, Mines Minist??re de l'??nergie et des Ressources naturelles, Amyot Choquette, Senior Director Investments, Ressources Qu?(C)bec, and moderator Henry Lazenby, Senior Reporter at The Northern Miner. The panel d...Read More
NexGen Energy (TSX: NXE; NYSE: NXE) has advanced its 100% owned Rook uranium property by submitting the project's draft environmental impact statement (EIS) to Saskatchewan's Ministry of Environment and the Canadian Nuclear Safety Commission. The submission includes letters of support for the project from Clearwater River Dene Nation (CRDN), Birch Narrows Dene Nation (BNDN), and Buffalo River De...Read More
Australia's Core Lithium (ASX: CXO), which counts electric vehicles giant Tesla among its future costumers, is planning to send its first shipment of the key battery material by the end of the year.The company's flagship Finniss lithium project, near Darwin in Australia's Northern Territory, is expected to produce 175,000 tonnes of high-quality lithium spodumene concentrate a year.Tesla is expecte...Read More
B.C.-focused Surge Copper (TSXV: SURG; OTC: SRGXF) has provided its first resource update for its flagship Ootsa property, an advanced-stage exploration project located adjacent to Imperial Metals' (TSX: III) Huckleberry mine, since 2016.Pit-constrained measured and indicated resources at the project now total 439 million tonnes averaging 0.18% copper, 0.12 gram gold per tonne, 0.02% molybdenum an...Read More
A British subsidiary of Glencore (LSE: GLEN) formally pleaded guilty on Tuesday to the seven charges of bribery brought against the mining and commodities trader by the U.K. Serious Fraud Office (SFO), which relate to the firm's oil operations in Africa.Glencore Energy confessed paying $28 million in bribes to secure preferential access to oil, including increased cargoes, valuable grades of oil...Read More
In 2006, I hired a young dude who had just graduated from a large Midwestern university. I actually didn't personally hire him but gave the go-ahead to one of our editors who was looking for an assistant to groom (when the term "grooming" was still benign).Everyone told me he was "the smartest guy in the room." Like I said, he was fresh out of college and starting a career far from home. So he s...Read More
Stocks were up big today, which will have the talking heads saying that everything's fine again; it's time to jump back into the market.My advice is don't fall for it.With the Fed's third rate hike in the rearview, more market downside is inevitable if you look at the historical record. There's much more to come. Here's why:Last week's hike was the third-consecutive hike. And that's a very bad sig...Read More
1844 Resources Inc. (TSXV: EFF) (theRead full newsRead More
Montreal, Quebec, CANADA - June 20, 2022 - Glen Eagle Resources Inc. (the "Corporation") (TSXV: GER) is pleased to announce that it has entered into an option agreement (the "Agreement") with an unlisted reporting issuer (the "Optionee"), which provides the Optionee the right to acquire (the "Option") a 100% interest in the Moose Lake Property (the "Property") located in the Province of Quebec. Th...Read More
From June 17 authorized personnel gradually returned to the site to perform tasks related to infrastructure maintenance as well as increasing the ore reserve at the surface.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 minesThe net proceeds of the financing will be primarily used to meet the firm's financial assurance obligations with th...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 minesFrom June 17 authorized personnel gradually returned to the site to perform tasks related to infrastructure mainten...Read More
Stacking rates continue to ramp up with leaching activities beginning earlier in June.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 mines They are the fraud some people always suspected, though it took a blast of higher interest rates and an end...Read More
(IDEX Online) - Alrosa says it will not lower its forecast production of up to 35m carats this year - despite sanctions and banking restrictions imposed over its invasion of Ukraine.It also said plans to re-open the Mir mine, where a flooding accident claimed eight lives in 2017, were still under consideration.The Russian miner, part-owned by the government, said it was on course to meet H1 2022 g...Read More
(IDEX Online) - Three victims of Tinder Swindler Shimon Hayut are to recoup their financial losses through sales of a specially created Stronger Together bracelet.The $169 piece is being launched by Leviev Diamonds. Hayut, 31, from Israel, legally changed his name to Simon Leviev and falsely claimed to be CEO of the company.The Netflix documentary The Tinder Swindler, released in February, tells h...Read More