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

"There is much conversation about everyone wanting ESG-friendly ex-China supply, but they want it at Chinese prices," Bennet said.Read More

Allied owns or controls three producing mines and several development and exploration projects in Côte d'Ivoire, Mali, Ethiopia and Egypt, producing more than 370,000ozpa and plans for a lotRead More

SRK Consulting advocates an integrated approach to mine closure.SPONSOREDsrk consultingAruma Resources recognising the potential in its diverse portfolioSPONSOREDaruma resourcesEvion Group emerging 'on the graphite map' as plans near fruitionSPONSOREDevion groupNamesake project drives Australian Vanadium towards vertical integrationSPONSOREDaustralian vanadiumGreat Southern Copper will hav...Read More

Last week, we set out on a search and rescue mission to find the missing Bitcoin bros.My working theory is that crypto is slowly floating out into the sea of irrelevance. Well, mainstream irrelevance. While Bitcoin and some of the other major players won't wash away forever, their status as wealth-building speculations will continue to deteriorate and fade from the financial media airwaves.Once th...Read More

Namesake project drives Australian Vanadium towards vertical integrationSPONSOREDaustralian vanadiumEvion Group emerging 'on the graphite map' as plans near fruitionSPONSOREDevion groupAruma Resources recognising the potential in its diverse portfolioSPONSOREDaruma resourcesSRK Consulting advocates an integrated approach to mine closure.SPONSOREDsrk consultingThe Bureau of Land Management...Read More

There's no question that economic sanctions have had an impact on Russia. Economic growth is anemic there and inflation is a persistent problem even as it cools elsewhere in the world registering double-digit increases despite a central bank interest rate of 13%.Still, to its credit, Russia has found enough workarounds to keep things growing. Vladimir Putin's meeting with Kim Jong Un is an act o...Read More

In addition to having built several miners over the past decade, the B2Gold team also has mine-building experience in a similar Arctic environment when it built the Kupol mine in Russia while at BemaRead More

Speaking at the European Battery Raw Materials Conference in Amsterdam, Fastmarkets analyst Jordan Roberts forecast no sustained upward trend in prices until 2030.Read More

As these initiatives mature, the company will turn its attention to optimisation, improving operational efficiencies and performance, improving metal recoveries and other things to squeeze out costsRead More

(IDEX Online) - De Beers is again reviving the iconic "A Diamond is Forever" tagline in a $20m campaign to promote natural diamonds.A series of ads will incorporate the slogan, coined by young copywriter Frances Gerety in 1947, as the British miner sought to reverse a downward trend in diamond sales.De Beers says it's re-introducing the line to support consumer demand in natural diamonds for...Read More

I've written frequently in the past about the risks of escalation in the war in Ukraine. Of course, all wars carry such risks and often the escalation plays out exactly as feared.World War II began with the conventional weapons of the time (infantry, ships, aircraft, artillery, etc.) but eventually escalated to fire-bombing major cities like Dresden, annihilating entire army groups on the Eastern...Read More

SolGold continues with a strategic review process as it looks to shave at least US$1 billion of the initial Read More

(IDEX Online) - Shree Ramkrishna Exports (SRK), one of the world's largest diamond manufacturers, has hit back after Ukraine claimed it had bought $330m of sanctioned Russian diamonds and listed it as an international war sponsor.Ukraine's National Agency on Corruption Prevention (NACP) says the Mumbai-based company "continues to cooperate with the aggressor, purchasing diamonds in Russi...Read More

"The IRA turned the table, and changed the ecosystem," Ilka von Dalwigk, policy manager at EIT InnoEnergy, told the conference.Read More

Septian Hario Seto, Indonesia's Deputy of Investment and Mining Coordination, said future capacity expansion would be constrained, after a period of rapid growth.Read More

Evidence of this can be seen in the company hiring Chris Kololian as chief financial officer in April.Read More

The company consolidated full ownership of Canada's foremost mine, Read More

(IDEX Online) - Russia's AGD Diamonds and its Belgian subsidiary Grib Diamonds have both been sanctioned by the US.The Department of the Treasury's Office of Foreign Assets Control (OFAC) has designated them in an attempt to limit Russia's revenue for its war effort from mining industries.Almost 100 other sanctions were imposed at the same time on Russian elites and its industrial b...Read More

"Only when the tide goes out do you learn who's been swimming naked." Warren BuffettDear Outsider,I just got back from the beach during a much-needed respite.Soaking up the sun, swimming, and trying my hand at surfing why don't I live like this every day?Everyone seems happier at the beach... Maybe that's what retirement looks like.But the entire process of surfing reminded me exactly of i...Read More

The Financial Times reports that Belgian officials expect an announcement from the G7 within three weeks, giving a timetable to a full ban.Read More