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) - High-value Type IIa diamonds have been found during explorations in Canada.Vancouver-based Arctic Star says analysis of a small sample - 12 stones over 0.3mm diameter - showed half were Type IIa.Only two per cent of diamonds globally are Type IIa - the most chemically pure, with no measurable nitrogen or boron impurities. Arctic Star drilled the Sequoia Kimberlite, on the Diag...Read More

(IDEX Online) - De Beers is heading for a bigger market share and an increase of almost 10 per cent in earnings this year, says Morgan Stanley, as sanctions continue to hit rival Russian exports.The UK-based miner is expected to earn $1.2bn before interest, tax, depreciation and amortization (EBITDA), according to the investment management and financial services company. Last year's figu...Read More

(IDEX Online) - Richemont has lost $177m from its withdrawal from Russia.But the Swiss-based company, that counts Cartier, Van Cleef & Arpels, Jaeger-leCoultre and Piaget among its 26 maisons, still saw operating profits more than double for the year to 31 March 2022.It said suspending its commercial activities in Russia accounted for less than two per cent of total sales.Richemont's jewe...Read More

The company noted that the most significant infrastructure being constructed is the filtered tailings facility—which is the first of its kind in Ecuador.Read More

Dear Outsider,Baltimore's Pimlico Race Course hosted the 147th Preakness Stakes this past Saturday. Last year's races were limited to just 10,000 attendees due to COVID-19 restrictions, so it was good to see a semblance of normalcy return to the racetrack.If you've never been to Pimlico, it's worth seeing before it's completely rebuilt, which is slated to happen after next year's Preakness. The Ma...Read More

Coal is a commodity that garners scant public support at the moment, and with dwindling funding so exploration for the crucial ingredient of steel production has declined in recent years. Steel remains in high demand, however, and the pipeline of premium metallurgical (coking) coal deposits to service this sector has almost disappeared. No-where is this looming shortfall in the delivery of coking...Read More

(IDEX Online) - About 250,000 diamond workers in Surat have been put on two weeks' unpaid leave as rough supplies are squeezed by sanctions and banking restrictions against Alrosa.The Russian miner normally accounts for around 40 per cent (by volume) of the diamonds that are cut and polished in the Indian hub."The units have been reducing working hours from 12 to eight and had given two days...Read More

(IDEX Online) - India could hugely increase its lab grown diamond production to support a "stronger and more self-reliant domestic cutting and polishing industry," says the GJEPC.It currently produces around 1.5m carats, a distant second place to China's 3m carats (Bain/AWDC figures for 2021).But Colin Shah (pictured), chairman of the Gems and Jewellery Export Council, says the lab grown indu...Read More

(IDEX Online) - Fugitive diamantaire Mehul Choksi is no longer facing charges over his "illegal entry" to the Caribbean island of Dominica almost a year ago.He is still wanted by authorities in his native India over the alleged $1.8bn Punjab National Bank (PNB) fraud.Choksi, (pictured), 62, left India in January 2018, days before the alleged fraud came to light, and relocated to Antigua and Barbud...Read More

A 30 second 4K television commercial airing nationally on BNN Bloomberg. Visit us at http://greenshoemedia.com for additional content and information.Read full newsRead 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 bridge loan is expected to be followed by the completion of a rights offering of at least a further US$4 million within 150 days.  NorZinc s...Read More

Shares in the firm gained 4.3% or C$0.01 to C$0.24, giving the firm a market capitalisation of C$51 million.Read More

From an industry-wide marginal production cost of US$6150 a tonne in 2021 the cost of producing copper has risen to $8000/t, the bank said.Read More

All of the proceeds will be used to pay down the firm's existing credit facility and to fund capital expenditures at the Red Chris mine, the firm said.Read More

When mining in Colombia, Ecuador, and Peru, implementing corporate social responsibility (CSR) programs is simply not enough to guarantee success. Instead, mineral explorers and developers often see substantial projects halted in their tracks by staunch community-level opposition, even when projects had passed regulatory muster, says mining sector researcher, analyst and reporter Paul Harris, in...Read More

Shares of NioCorp Developments (TSX: NB) rose 50% this morning as the company's updated feasibility study for its Elk Creek niobium, titanium and scandium project in Nebraska reported the presence of about 632,900 tonnes of rare earth oxides (REO), which the firm said is the second largest indicated rare earth resource in the U.S. The rare earth resource totals 188.8 million tonnes grading 0....Read More

Colombia, Ecuador, and Peru offer miners a blend of established mining jurisdictions and areas of potentially highly-prospective and unexplored terrain. Here are eight miners active within and across the three countries to watch.CANDENTE COPPERCandente Copper's Canariaco Norte porphyry copper project 700 km northwest of Lima, Peru. Photo by Candente Copper.Vancouver-headquartered Candente Copper (...Read More

Horizonte Minerals (TSX: HZM; AIM: HZM) has kicked off construction of its Araguaia nickel mine in northern Brazil, which is set to produce 29,000 tonnes of the battery metal a year mostly destined to supply the stainless steel market. The fully funded project, which will take about two years to build, will initially generate 14,500 tonnes of nickel a year.Construction includes an open pit and...Read More

Canadian explorer Skyharbour Resources (TSXV: SYH) has inked a cash and shares deal to acquire an initial 51% stake in Rio Tinto's (NYSE: RIO; LSE: RIO; ASX: RIO) Russell Lake uranium project, in Saskatchewan.The Vancouver-based junior miner has the option of becoming the sole owner of the property, which is in the uranium-rich Athabasca basin, between two of Orano Mining's properties and near Cam...Read More

The bear is stirring. And why not? The scent of blood is in the air, after all.The Nasdaq tripped out of the gate to start the year. More than a bear market, tech stocks are down 28% YTD. Now the Dow and S&P are faltering, too, on the brink of bear territory with respective declines of 14% and 18%.It's hard to watch. No one likes to see their stocks go down. But on the other hand, we all knew th...Read More