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
Mayfair Gold (TSXV: MFG) recently completed the purchase of carbon offsets to account for its 2021 emissions, making its Fenn-Gib gold exploration project in northern Ontario carbon neutral. Companies can buy carbon offsets to decrease theircarbon footprints. The funds provided are often invested in environment-friendly projects. Ontario-based Mayfair bought carbon offsets worth $14,760 for...Read More
Success begets success; in the mining industry, jurisdictions that continually reward exploration companies for their efforts will attract more attention and more exploration. In Newfoundland and Labrador, a number of gold projects in stages between initial drilling to mine development - including Matador Mining's (US-OTC: MZZMF; ASX: MZZ) Cape Ray gold project and Marathon Gold's (TSX: MOZ; UT-O...Read More
Nuinsco Resources (CSE: NWI; OTC: NWIFF) has published an initial resource estimate for its Prairie Lake critical minerals and phosphate project. The property is located 28 km north of the Trans-Canada Highway and 45 km northwest of town of Marathon, Ont.The initial Prairie Lake resource is based on 73 inclined diamond drill holes completed between 1969 and 2010, for a total of 12,180 metres. Addi...Read More
The United States needs to smooth out its mine permitting processes, conduct more geological surveys and make the most of its mining relationship with Canada, if it wants to contend with a competitive critical minerals market, researcher Duncan Wood said at The Northern Miner's quarterly Global Mining Symposium in late May. The vice-president for strategy and new initiatives at the Wilson Center,...Read More
Salazar Resources (TSX-V: SRL) and Adventus Mining (TSX-V: ADZN) continue to expand their footprint in Ecuador with the government approving the environmental and social impact assessment (ESIA) for their Curipamba-El Domo gold and copper project.The technical endorsement paves the way for the citizen participation process, final environmental licence issuance and construction decision in the...Read More
There's already one going on in Ukraine. But did President Biden just increase the chances of another shooting war, this one with China? Let's get started, first in Ukraine...Russia's assault is slow and brutal, but it is proving effective in achieving Russia's goals.Those objectives include building a land bridge from Russian territory to Crimea (and possibly beyond to Odessa), cutting Ukraine of...Read More
There's a new trend that has been sweeping YouTube with hundreds of videos - one that claims you can earn hundreds, or even thousands, of dollars with this hobby.It's called "coin roll hunting." And it's pretty much exactly what you imagine it is: searching through rolls of coins to hunt for collectible and valuable coinage.The main thing most hunters are looking for are old 90% sil...Read More
In February 2022, copper explorer Aranjin Resources Ltd announced a joint venture agreement in Mongolia with lithium explorer ION Energy. The alliance leverages the technical expertise of the two teams, provides access to each other's tenements and allows Aranjin (listed on the TSX Venture Exchange) to benefit from ION's strong track record in Mongolia.The deal between Aranjin and ION is innovativ...Read More
The company produced 6.1 million ounces of silver, 3,400oz of gold, 64.4 million pounds of lead and 26.8 million pounds of zinc in fiscal 2022 from its Ying mining district in Henan province at a peer-group leading all-in sustaining cost of US$8.77 per ounce, giving it a margin of 40.7%, compared with the peer group average of about 35%.Production could potentially double starting in calendar 2024...Read More
FPX Nickel is a publicly-traded company in Canada and the USA with a focus on developing a large source of low-cost, low-carbon nickel for electric vehicle b...Read full newsRead More
Share this article TORONTO - Yamana Gold Inc. [YRI-TSX, AUY-NYSE] is set to be acquired by South African giant Gold Fields Ltd. [GFI-NYSE] in a share exchange transaction worth US$6.7 billion. The combined company is expected to rank as the globe's third largest gold producer and fourth largest by market capitalization.Yamana is a Canadian precious metals producer with significant gold and silver...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixChinese Strategic AllianceSPONSOREDxanadu minesForan is planning to mine a 4,400-tonne bulk sample to confirm metallurgical test-work and further optimize process design after receiving the permit which allows the c...Read More
Metron worked through historical, geological, geochemical, and geophysical information from the concessions to generate probability maps for the Lost Cities and likelihood ratio surfaces showingRead More
Marrone is far from thinking about retirement or resting on his laurels, which will include a change of control payment of around US$26 million. "There are plenty of opportunities in this industry.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 miningAs part of a planned C$3 million private placement, Kinross will acquire around 9.9% of the issued and outstanding common shares of E2Gold following the cl...Read More
(IDEX Online) - A diamond merchant accused of smuggling $26m of diamonds has been arrested by customs officials at Delhi airport. Meet Kachhadiya, who ran a Universal Diamonds, in Surat's Sachin Special Economic Zone (SEZ), allegedly evaded duty when he exported 30 consignments of "lab grown" diamonds to Hong Kong from February 2021 to May 2021. He'd reportedly been evading...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 miningLong-time poll leader Petro won the first round as expected with about 40% of the vote, but centrist populist outsider Hernandez surprised many by taking 2...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 miningCarter will be responsible for the firm's platinum group metals operations in the US and projects and exploration activities in Argentina.Read More
With the aim of rebalancing its portfolio towards metals needed for the world's energy transition, Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) will look to finish building its biggest ever project, the Quebrada Blanca phase 2 (QB2) in Chile, by the end of 2022 and double its copper production. In an interview with The Northern Miner, Teck's COO Red Conger said the project, which had initial...Read More
Holders of cryptocurrencies are reeling after a brutal year-to-date, with a catastrophic April and May serving to remind investors of the dangers in relying upon such ephemeral stores of wealth. The Financial Times estimates that more than US$1 trillion has been wiped from the value of crypto assets in the five months to the end of May. Losers include Vitalik Buterin (creator of the Ethereum b...Read More