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
The company said the preliminary deal has to be approved by a federal labour tribunal for mining to restart.Read More
Iceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedEmerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsReach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesDue diligence by Albemarle, a big US-based lithium processing specialist, started on September 11 and was expected to take four weeks, with nex...Read More
Nickel is trading at US$18,225.50/t, or $8.26/lb, the lowest since October 2021. It started the year at nearly $31,000/t. Goldman Sachs is forecasting nickel to average just $8.Read More
"We've quite clearly been among the banks who are not in the camp of believing that this is a commodity supercycle, and that's very much still our view.Read More
Reach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesEmerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsIceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limited"I do believe we are coming close to a point where we are going to be able to make a decision on what is the value maximising route for shareho...Read More
On March 6, 2020, the mayor of Austin, Texas, canceled the biggest tech and arts trade show in the world, South by Southwest, only a week before hundreds of thousands were to gather in the city.In an instant, with the stroke of a pen, it was all gone: hotel reservations, flight plans, performances, exhibitors and all the hopes and dreams of thousands of merchants in the town. Economic impact: a lo...Read More
The measured and indicated resource totals 377,800oz of gold, with a further inferred resource of 153,900oz.Read More
The technology exploits the fact that individual metals have affinities for different electrical currents, called reduction potentials.Read More
Are you tired of the war in Ukraine?I bet you are.I know I am and it's not even my family that's being killed by Russian rocket fire. That is to say, at least 9,600 Ukrainian civilians have died so far in this conflict, with another 17,000-plus injured.And that's just what's been verified by the U.N. The number will climb as we continue to uncover mass graves throughout Ukraine for the next few de...Read More
The copper growth was due to higher grades, improved recoveries, and increased mill throughput, said chief executive Stuart McDonald. In March, Taseko acquired an additional 12.Read More
Emerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsIceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedMiramar Resources leveraged to exploration success SPONSOREDmiramar resourcesSuncor already holds a 69% interest in Fort Hills and operates the project, meaning it will own 100% of the mine after closing the transaction.Read More
Miramar Resources leveraged to exploration success SPONSOREDmiramar resourcesIceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedEmerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsThe expansion will elevate the "once-unprofitable operation into the front rank of copper producers," according to Barrick.Read More
Miramar Resources leveraged to exploration success SPONSOREDmiramar resourcesIceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedEmerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsThe five-year facility has a $100 million accordion option.Read More
(IDEX Online) - The company that owns the tailings dam at Jagersfontein, South Africa, is facing both civil and criminal cases over the breach last September that killed three people and caused widespread devastation.Lawyers for residents whose homes were left in ruins by a river of thick, gray sludge say they're taking a class civil action against Jagersfontein Developments, a division of Du...Read More
Emerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsIceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedMiramar Resources leveraged to exploration success SPONSOREDmiramar resourcesMining companies have been battling unprecedented labour shortages amid a decade-long decline in graduates, as Mining Journal reported recently.Read More
To put that into high level perspective, ASX rare earths sector heavyweight Lynas was two years ago quoting its Mt Weld deposit having resources of 55Mt at 5.3% TREO.Read More
The company produced 17% more iron ore pellets quarter-on-quarter.Read More
(IDEX Online) - Hedda Schupak, award-winning editor-in-chief at the JCK magazine for nine years, has died aged 62 after battling lung cancer.She was "a legendary figure in the jewelry trade," said current JCK editor-in-chief, Victoria Gomelsky.Schupak was appointed JCK's fashion editor in 1991 and became editor of its Luxury and Trendz magazines in 1997 after the walkout of colleagues who wen...Read More
Yesterday's issue drew a heaping mail.In that issue we took up the McCarthy ousting.Some readers were for it for example, this reader:We have borrowed into the next generation, and then some. It's disgusting to watch somebody shopping with others’ money forever. At some point reality must check in, and weigh in on somebody's mind in D.C. For this, I do pray that somebody more enthusiastic...Read More
(IDEX Online) - A company that supplies heavy equipment has been charged with health and safety breaches following the death of a worker at the Gahcho Kue diamond mine, in Canada last September.The Workers' Safety and Compensation Commission (WSCC) has filed seven charges against SMS Equipment Inc., based in Acheson, Alberta, over the death of one of its employees who was working at the mine....Read More