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
In my line of work, we tend to fixate on numbers, line charts, and tables.So much so that it often distracts from the life around us. That's made this past week pretty difficult. Stocks have been getting hammered, and crypto is taking it even harder. But last night, when I got off work, I went axe-throwing. I'm in a league and it was the playoffs. (This is a real thing, I swear.) I lost, but i...Read More
Prismo Metals Inc. (CSE: PRIZ) (Read full newsRead More
Financial Times writers Oliver Telling, Benjamin Parkin and Emiko Terazono reported yesterday that,Read full newsRead More
Share this articleVANCOUVER - Grid Metals Corp. [GRDM-TSXV; MSMGF-OTC; NJF1-FSE] reported results for three additional holes from the recently completed phase 1 drill program at its Donner Lake lithium property in southeastern Manitoba. The property is located in the Winnipeg River pegmatite field, which hosts the world-class Tanco pegmatite. The Donner Lake Lithium Property is a 75%/25% joint ven...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipPredictive Discovery to forge a golden future in GuineaSPONSOREDpredictive discoveryOreCorp prepares to deliver Tanzania's next big gold mineSPONSOREDorecorpThe consolidated indicated resource now totals 4.27 million ounces and 7.5Moz inferred, which is a 70% increase in to...Read More
Stronger anticipated output and ongoing cost management to minimize the impact of inflationary pressures would reduce costs, Torex Gold said.Read More
Around 20 tonnes of tellurium will be produced annually through a new US$2.9 million circuit built at the Kennecott refinery, Rio Tinto said.Read More
Predictive Discovery to forge a golden future in GuineaSPONSOREDpredictive discoveryOreCorp prepares to deliver Tanzania's next big gold mineSPONSOREDorecorpIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixArrow Minerals on the gold discovery path in West AfricaSPONSOREDarrow mineralsAustralian Labor Party (ALP) trade and resources spokesperson Madeleine King outlined a "transfor...Read More
(IDEX Online) - The largest white diamond ever auctioned sold yesterday for $21.9m at Christie's Magnificent Jewels sale in Geneva.The 228.31-ct G/VS1 pear-shaped gem, called The Rock, beat its low estimate of $20m, but fell short of the $30m high estimate.The record auction price for a white diamond remains with a 163.41-ct D/IF Type IIa rectangular cut-cornered diamond, which sold at Christ...Read More
(IDEX Online) - Pandora today announced plans to build a $100m factory in Vietnam, as part of a plan to boost its total production capacity by 60 per cent.It will create 6,000 jobs, producing up to 60m jewelry items a year.The Danish jeweler, best known for its charm bracelets, aims to double revenue in the US and treble it in China (both from 2019 levels). The new factory in Vietnam will su...Read More
(IDEX Online) - A pure platinum coin weighing 1kg, and set with 462 fancy vivid pink diamonds (6.5 tcw) from the Argyle mine is to be auctioned.The one-off creation is the highlight of the Royal Canadian Mint's Opulence Collection, featuring gems from the iconic Australian mine that closed in November 2020.There are 436 coins altogether, using a total of 46.7 carats of Argyle pinks.The Ultima...Read More
Africa is home to bountiful reserves of metals such as gold, copper, and lithium. The continent also offers mineral exploration and development companies with large areas of underexplored terrain as well as several mining-friendly jurisdictions looking to harness mining revenues for development purposes. Here are eight miners active within Africa.ASANTE GOLDThe mill at the Bibiani gold mine, in Gh...Read More
Vale, one of the world's biggest producers of iron ore and nickel, has been in the news a lot lately. The Brazilian miner has been making strikes towards "green" credentials on the nickel side - making deals to supply low-carbon nickel to Sweden's Northvolt and to EV market leader Tesla. On the iron ore side, it's building a "green" pig iron plant in Brazil that will be the first to use its Tecno...Read More
Anglo American (LSE: AAL) has inked a joint venture deal with base-metals focused junior Arc Minerals (LSE: ARCMA) to explore for copper and cobalt in Zambia, marking the first new investment the global miner makes in the country in about two decades.Arc Minerals said Anglo American will take 70% of the JV for an aggregate investment of up to US$88.5 million, including a cash consideration of up t...Read More
Manganese X Energy (TSXV: MN; OTC: MNXXF) has delivered a positive preliminary economic assessment (PEA) for its wholly-owned Battery Hill project located near Woodstock, N.B., demonstrating the potential for a low-capital, long-life manganese mine operation in North America.The study expects the project to produce about 68,000 tonnes of high-purity manganese sulphate over a 47-year mine life. At...Read More
Precious metal producer Hochschild Mining (LSE: HOC) will invest about $200 million to build the Posse gold mine in Brazil, a project added to its portfolio last year through the acquisition of Amarillo Gold.Speaking at a mining conference in Peru, chief executive officer Ignacio Bustamante said the company expects to start production at the mine, located in Brazil's central state of Go?-as, in...Read More
Russia's war on Ukraine is dividing the global order along fault lines, and Africa risks being caught in the middle, the Investing in Africa Mining Indaba heard this week.Veracity Worldwide CEO Steven Fox told the conference that Russia's invasion of Ukraine had triggered an increased focus on geopolitical factors that had once been the topic of polite conversation among corporate leaders."This is...Read More
The project would yield an after-tax net present value of US$486 million at a 10% discount rate and a 25% internal rate of return with a 2.Read More
Adding 15% means the capital estimate is now $920 million of which the company said it has spent $400 with the project about 50% completed.Read More
IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.Kropz set to fly after false startSPONSOREDkropzPredictive Discovery to forge a golden future in GuineaSPONSOREDpredictive discoveryRegulations surrounding water access and usage are increasing and getting tougher, as well as the concept of personhood appearing on the...Read More