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) - Wealthy investors in Qatar are rushing to put their money into rare and extremely valuable fancy color diamonds. The minimum investment is $1m.The Amma Group, jointly founded in 2008 by jewelry veterans Mahyar Makhzani and Philip Baldwin (pictured), says it is the only fund specializing in color diamond investment.It is seeking $100m of investment for its fifth fund, Colour Fund V,...Read More
(IDEX Online) - An Indian company has produced what's being hailed as the world's biggest polished lab grown diamond.The marquise step cut 27.27-carat diamond (pictured) was made by Greenlab, in Surat, and certified by the IGI.It is significantly larger than the previous record holder, a 16.41-carat princess-cut diamond (G/VVS2) produced by Shanghai Zhengshi Technology, in China.The new...Read More
Alpha Exploration (TSXV: ALEX) has reported drill results from its first campaign on the Aburna gold prospect, part of the company's Kerkasha project in Eritrea, based on which it expects is "a large gold discovery" in the property. Highlights from the latest results of the 19-hole program that ended in March included 22 metres grading 4.5 grams gold per tonne starting from 47 metres depth in...Read More
Lithium technology companies are jostling for a foot in the door of the rapidly accelerating North American integrated battery metals supply chain, whether becoming a battery precursor material manufacturer or a potentially disruptive lithium direct extraction tech provider.Vancouver-based Nano One Materials Corp (TSX: NANO; US-OTC: NNOMF) on May 25 announced the acquisition of lithium iron phosph...Read More
Shares of Peru-focused miner Tinka Resources (TSXV: TK) rose 25% in the afternoon on May 25 as the company announced investments worth $11 million from regional mining giants Nexa Resources (NYSE: NEXA) and Buenaventura (NYSE: BVN) in the firm. One of the largest zinc producers in Latin America, Nexa will subscribe for 40.7 million common shares for proceeds of $9 million, increasing its total...Read More
Applications for the 2022 Young Mining Professionals (YMP) Scholarship Fund are now open for students enrolled this coming September in an Earth Science or Mining Engineering program at a Canadian university. The value of the YMP Scholarship Fund, the largest mining scholarship fund in the world according to the YMP executive team, has grown from $12,000 when it was founded in 2018 by Stephen S...Read More
Higher commodity prices are not high enough to incentivize new production to come online, as slowing demand from China weighs heavy, especially on copper.Bank of America recently hosted its metals and mining conference in Miami, which heard that weak near-term demand from China in March and April impacted all six sectors that matter for copper demand. Not a single demand driver expanded year-on-ye...Read More
Osisko Development (TSXV: ODV) has released the results from its preliminary economic assessment (PEA) for the Cariboo gold project in central B.C. The study, which examines a large, low-cost underground mine, was prepared by BBA Engineering.The Cariboo mine is to be a phased development, averaging 75,000 oz. per year to begin and expanding to 286,000 oz. annually after four years. The base case c...Read More
Four out of the eight miners who have been missing since Trevali Mining's (TSX: TV) Perkoa mine in Burkina Faso was hit by flash floods last month, were found dead, the company reported on May 25. The rescue team discovered the bodies of the four workers, the company said, without providing more details. The search for the remaining four workers will continue, it added. Six out of the eight men...Read More
Location is key for success in many undertakings. In real estate it is the only consideration.In gold exploration, the best location to look for is where there are other gold deposits and mines. There are several hot spots in Canada such as Ontario's Red Lake Gold District, the Abitibi Greenstone Gold Belt in Quebec or the Golden Triangle region in British Columbia. Merger and acquisition activit...Read More
Canada's Hudbay Minerals (TSX, NYSE: HBM) has scored a small but key win in the United States after an Arizona judge ruled in favour of the company's planned Copper World mine.The ruling dismissed a pair of lawsuits filed by three Native American tribes and a coalition of environmental groups, which aimed to stop ongoing work on Copper World.Their attempt was based on a separate ruling earlier th...Read More
The company expects to add to its $10.5 million of cash and equivalents as its revenue profile ramps-up this year from a 1% net smelter returns (NSR) royalty on Monarch Mining's Beaufor development project and a 2-3% NSR on the Canadian Malartic mine, both in Quebec, Canada.The company reported record revenue of $600,000 in the quarter to March 31, and despite posting a net loss of $2.4 million, d...Read More
Location is key for success in many undertakings. In real estate it is the only consideration.In gold exploration, the best location to look for is where there are other gold deposits and mines. There are several hot spots in Canada such as Ontario's Red Lake Gold District, the Abitibi Greenstone Gold Belt in Quebec or the Golden Triangle region in British Columbia. Merger and acquisition activit...Read More
Back in October, Tesla (NASDAQ: TSLA) announced it would be changing the type of battery the company uses in its standard-range electric vehicles.And the switch to this new type of battery has created a truly unique investment opportunity.Tesla's Big SwitchFor its standard-range EVs, Tesla has been using a type of lithium-ion battery that employs a mixture of nickel, cobalt, and aluminum as the ca...Read More
FPX Nickel CEO, Martin Turenne, joins Trevor Hall to discuss the drilling campaign slated for next month which looks to expand the Van Target discoveries made last season. Martin also shares some thoughts on the latest nickel market developments. Read full newsRead More
Share this article VANCOUVER -Karora Resources Inc. [KRR-TSX, KRRGF-OTCQX] shares rallied in active trading Tuesday after the company said a second declined at Beta Hunt gold mine in Australia is tracking on cost and ahead of schedule.The estimated completion time has now been brought forward to the first quarter of 2023 from mid-2023.Karora shares advanced on the news, rising 10.4% or 50 cents...Read More
Share this article VANCOUVER - Sierra Madre Gold and Silver Ltd. [SM-TSXV, SMDRF-OTCQB] has released the first three holes of its maiden drilling program at the La Tigre gold/silver project in the State of Nayarit, Mexico.Drilling highlights include 32 metres of 1.05 g/t gold equivalent (AuEq) in hole LTDH003 at the El Tigre Mine target, including 4.00 metres of 3.04 g/t AuEq, and 4.45 metres o...Read More
Kumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKropz set to fly after false startSPONSOREDkropzBMG returns eye-catching high-grade gold at Abercromby in WASPONSOREDbmgThe supply agreements secure the supply of equipment, parts and labour, as well as equipment pricing for the primary fleet until December 2024, and d...Read More
On a grade-thickness basis, hole 55C comes in 1,779.5, a sizable lift from the previous best hole of 1,492.6 in hole 54, and almost twice the next best hits reported by other countries, and three or four times better than the other top 10 drill hits in the Americas."From a grade-thickness perspective, hole 55C is the best hole ever drilled at Filo del Sol," said Filo Mining president and CEO...Read More
S&P Global Rating's decision to drop Tesla from its S&P 500 ESG Index while retaining oil and gas giant ExxonMobil - and Musk's subsequent outrage at this apparent contradiction - may beRead More