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
Antilles Gold executive chairman Brian Johnson outlines the significance of company's latest addition, the New Horizons polymetallic project, to its portfolio in Cuba - where it's rapidly moving towards mining at its plus-100,000ozpa gold-equivalent La Demajagua joint venture and is advancing its next "potential company-maker", the El Pilar deposit.Read More
A high-profile businessman has joined the board of Kingwest Resources as the company advances towards mining at its plus-500,000 ounce Menzies gold project; while at Goongarrie, Kingwest has maiden diamond drilling underway at its Sir Laurence gold discovery and is also testing the project's nickel potential, as CEO Ed Turner explains.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 mineralsWhen that happens, the ghosts of Anglo's yesteryear can be laid to rest - in particular, the pain...Read More
(IDEX Online) - The Angolan government says Endiama, the state-run diamond company, could be hit by delays in Russian-made mining machinery and spares as the war in Ukraine continues.But Russia's ambassador to the country is adamant that Western sanctions "will not affect its work in Angola in any way".A Reuters report cites a brochure made available by the Angolan government at the Mining In...Read More
(IDEX Online) - The newest diamond mine in Sierra Leone is to hold its maiden sale of rough production later this month.The Tongo Diamond Mine, operated by Australia-based Newfield Resources, has signed an exclusive sales and marketing agreement with Bonas, in Antwerp.Newfield describes the mine as "an 8.3m carat JORC compliant indicated and inferred diamond resource, primarily based on five kimbe...Read More
(IDEX Online) - Seasoned diamond hunter Adam Hardin has found his biggest stone yet - a 2.38-carat brown gem.He's been a regular visitor to the Crater of Diamonds State Park, in Arkansas, for a decade and says he's found hundreds of smaller stones. But this is by far the biggest.It's the USA's only active diamond mine, where visitors pay $10 a day to sift the soil - and keep an...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 minerals"Mining is a continuous sunrise sector in our economy," Ramaphosa said, as he laid out his plans...Read More
Tesla (NASDAQ: TSLA) CEO Elon Musk has said that it was not "out of the question" for the company to enter the mining business, as the world's largest electric vehicle (EV) manufacturer looks to tackle raw material constraints. In a keynote interview at The Financial Times Future of the Car summit, Musk said that the demand for raw materials is exceeding production "to a ridiculous degree." "I...Read More
Shares of Aton Resources (TSXV: AAN) reached their highest value in three years as the company reported its latest drill results from its Rodruin gold exploration project in eastern Egypt. Highlights from the diamond drill results included 9.9 metres grading 39.4 grams gold per tonne, 261.7 grams silver, 0.84% copper, 0.02% tin and 3.55% zinc starting from 138.1 metres in hole ROD-071 and 5.7 m...Read More
Argentina expects to receive a US$4.2-billion combined investment in its growing lithium market in the next five years, which would help the country double production in 2023 to hit 175,000 tonnes of the battery metal in 2025.The country has attracted in the past year a fury of companies, including the world's second largest miner Rio Tinto (NYSE: RIO; LSE: RIO) and South Korean steelmaker Posco,...Read More
This week's episode features Cameco's Q1 conference call with president and CEO Tim Gitzel, who describes the fundamentals of uranium as driven strongly by "security supply concerns." He also discusses how the Russia-Ukraine war is increasing pressure on the uranium supply around the world and how nuclear energy is essential to reducing greenhouse gases and achieving 'net zero' carbon emissions....Read More
The Gerald Group-owned Marampa Mines Limited has commissioned a 3.25 million tonnes per annum expansion of the namesake iron ore mine in Sierra Leone.The expansion follows a restart of mining on September 1, 2021, and ups output from 2 million tonnes per annum, producing the company's trademarked Marampa Blue product.Marampa Blue entails a >65% iron content concentrate currently in high demand as...Read More
The bad news continued with the company's results for the quarter to March 31 as production plummeted 37.5% to 25,100 gold equivalent ounces at an all-in sustaining cost of $2,146 per ounce, from 40,150oz in the December 2021 quarter.The fall in production saw the company report a net loss of US$19.3 million on revenue of $25.5 million in the quarter compared with a net loss of $21 million in the...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 mineralsPeru failed to meet its March 31 reporting deadline for its 2019 EITI report. The suspension can...Read More
Last week Anglo Amewrican's nuGen haul truck began work at the Mogalakwena PGM mine in Limpopo province, South Africa.Read More
Share this articleVANCOUVER - Imperial Metals Corp. (III-TSX) is working to reopen its Mount Polley mine in British Columbia. The company said it is targeting the start of milling operations in the second quarter of 2022.Details of the reopening plan are revealed in the company's first quarter 2022 financial results which were released after the close of trading on May 6, 2022.Imperial's principal...Read More
The company said geological modelling, drilling, underground sampling and detailed mapping now leads to an interpretation of Olympus Central and Olympus South to be one large interconnectedRead More
The company said its largest shareholder AngloGold Ashanti has yet to indicated whether it will invest to retain its 19.9% pro rata stake.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 mineralsLast week Anglo Amewrican's nuGen haul truck began work at the Mogalakwena PGM mine in Limpopo pr...Read More
The rejected state ownership article will return to the environmental commission, where it can be reworked before being advanced for second vote by the assembly.Read More