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) - A prominent jeweler in Detroit, USA, was shot dead in what police describe as a targeted attack.Daniel "Hutch" Hutchinson, 47, was gunned down at the wheel of his SUV. Footage from the aftermath shows nine bullet holes in the driver's side window.Hutchinson's wife Marisa, who was also in the vehicle, survived the attack unhurt.Police said they made an arrest following the...Read More
Strategic investor Vision Blue Resources, which was founded by former Xstrata head Sir Mick Davis, made the nomination based on its approximate 27% holding in Cornish Metals.Read More
IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixChinese Strategic AllianceSPONSOREDxanadu minesCopper Fox is brim-full of potentialSPONSOREDcopper fox metalsOrford eyes massive nickel sulphides at West RaglanSPONSOREDorford miningThe S&P/TSX Battery Metals Index will track Canadian-listed companies engaged in the production or exploration of metals used in battery manufacturing...Read More
The brisk, sweeping changes Industry 4.0 brings to the financial landscape are forcing miners to rethink how they operate while regulators closely watch and prepare to implement new rules to curb fraud and criminal activity, says industry doyen Maureen Jensen.The former CEO of the Ontario Securities Commission (OSC) told The Northern Miner's recent Global Mining Symposium that the scale of change...Read More
Backed by its recent actions in the critical minerals space, the Quebec government laid out a strong case for why mineral exploration and mining development in the francophone province is a good idea during The Northern Miner's recent Q2 Global Mining Symposium.A panel of three government representatives, headlined by Nathalie Camden, Associate Deputy Minister of Mines, Energy and Natural Resource...Read More
Shares of Lion One Metals (TSXV: LIO; US-OTC: LOMLF) reached their highest level in a year as the company reported its longest high-grade gold intercept at depth beneath the current resource at its Tuvatu alkaline gold project in Fiji. Hole TUG-141, which targeted the project's 500 zone, yielded a grade of 20.86 grams gold per tonne over 75.9 metres starting from 443.4 metres, including 43.62 gra...Read More
Westhaven Gold (TSXV: WHN) continues to obtain high-grade results from ongoing drilling at its 100% owned Shovelnose gold project, with elevated gold and silver encountered in different areas of mineralization at the FMN zone. Shovelnose is located within the Spences Bridge gold belt (SBGB), which borders the Coquihalla Highway 30 km south of Merritt, B.C.Westhaven's current drilling campaign is...Read More
Stuhini Exploration (TSXV: STU) is exploring and developing base and precious metal projects in Western Canada, where it controls over 809 sq. km of prospective mineral tenures. The Canadian junior's focus is on advancing its flagship Ruby Creek property in the heart of the Atlin Gold camp in northwestern B.C., the largest active placer camp in Canada, approximately 15 km east of Atlin. Within t...Read More
Since taking office a year ago, President Guillermo Lasso has placed his chips firmly on mining to bring the investment and jobs needed to revitalize Ecuador's economy. Under an action plan launched in August 2021, the government set out a wide-ranging to-do list to get the sector moving, from speeding up permitting and reopening the claims system to convincing a sometimes-skeptical public of th...Read More
Element 29 Resources (TSXV: ECU; US-OTC: EMTRF) is a Canadian explorer focused on advancing its 100%-owned Flor de Cobre and Elida copper properties in Peru.The projects are located in one of the world's premier copper-producing jurisdictions with the second-lowest costs for copper production globally and the lowest cost of exploration in South America.Flor de Cobre and Elida "are two high-qualit...Read More
Canada's Toronto Stock Exchange will launch on Tuesday a battery metals index to support the critical minerals sector and offer insights into the energy transition.The S&P/TSX Battery Metals Index will track Canadian-listed companies engaged in the production and exploration of metals used in the making of batteries that power electric cars or are used in renewable energy, including copper, nickel...Read More
Mineral exploration is at the front end of the mining industry, and the discovery of new orebodies is vital to meeting the increasing demands of a growing world population.However, finding new orebodies, particularly ones sufficiently enriched to become working mines, is hugely challenging.Even after a discovery has been made, "defining the size, grade, and continuity of the mineralization, and th...Read More
(IDEX Online) - The wife of fugitive diamantaire Mehul Choksi has been charged with money laundering offences.Priti Kothari was "hand in glove" with her husband - who has been accused of a $1.8bn Punjab National Bank (PNB) fraud - according to a supplementary charge sheet issued by India's Enforcement Directorate (ED).It describes her as an "active participant and abettor" and and says she wa...Read More
The world has changed radically in recent years. We've had the worst pandemic since 1918, and the third worst in world history. We've had a global supply chain breakdown. Inflation is the worst since the early 1980s. Europe is experiencing its worst war since the end of World War II.That kinetic war in Ukraine is accompanied by a financial and economic war between the U.S., the U.K., the EU and Ru...Read More
Element 29 Resources (TSXV: ECU; US-OTC: EMTRF) is a Canadian explorer focused on advancing its 100%-owned Flor de Cobre and Elida copper properties in Peru.The projects are located in one of the world's premier copper-producing jurisdictions with the second-lowest costs for copper production globally and the lowest cost of exploration in South America.Flor de Cobre and Elida "are two high-qualit...Read More
Dear Outsider,Do yourself a favor...The next time you need to buy something, do it in cash.Before you leave the house, grab a money clip or rubber band and fill it with the greenback.And don't let anyone tell you otherwise...Even in this economy, cash is still king.It even adds a nice layer of mystery to you as the cash holder.Just take a moment to observe your surroundings when you use cash.When...Read More
(IDEX Online) - US sales of jewelry and watches rallied somewhat in April - up just over 18 per cent year-on-year - after a relatively disappointing performance in March. Sales for March, previously reported at just 8.5 per cent, have been revised up to 11 per cent, taking account of actual rather than estimated sales. Even so, they were the lowest since August 2020. Hav...Read More
Due to formally commence the role on or before September 1, Santana will be based in Santo Domingo and will initially be responsible for working towards getting an exploration license for the RomeroRead More
COVID-19-related issues and a shortage of manpower in 2021 at its Gold Bar operations in Nevada, USA and Fox in Ontario, Canada added to a previous litany of woes which have included fire, equipmentRead More
Having brushed aside requests from the incoming administration of president Gabriel Boric to suspend the tender process, the Pinera government awarded parcels totalling 160,000 tonnes of lithiumRead More