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
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 mineralsAs with many of its fury friends the cat-sized chuditch, also known as the western quoll, looks u...Read More
(IDEX Online) - UK-based miner Vast Resources has indicated it still hopes to win the go-ahead from Zimbabwe's government to operate in the Marange diamond fields.It has partnered with Chiadzwa Community Company (CCC) and had hoped to sign a deal back in 2019.Despite a series of delays, Vast's CEO Andrew Prelea has indicated that the company remains hopeful it will be granted licenses to...Read More
(IDEX Online) - The former bookkeeper at New York jewelry company Julie Vos has been charged with stealing over $2.8m to pay his American Express bills.Francisco Lopez, 36, from Bayside, New York, was indicted with grand larceny in the first degree and criminal possession of stolen property in the first degree.He is alleged to have made thousands of fraudulent transactions - "regularly but d...Read More
(IDEX Online) - De Beers says its blockchain-backed Tracr platform is now able to track the journey of every diamond it sells, from Sight to retailer.The UK-based miner says the tamper-proof technology has already been used for a quarter of its production by value during its first three Sights of 2021.Tracr, which employs blockchain, artificial intelligence, the Internet of Things and advanced sec...Read More
Trevali Mining (TSX: TV; US-OTC: TREVF) has said that it is yet to locate or communicate with the eight underground miners who went missing on Apr. 16 at its Perkoa zinc mine in Burkina Faso after flooding caused by heavy rainfall disrupted operations, the company said. The Burkina Faso government is conducting an investigation into the flooding event, Trevali's director of investor relations,...Read More
A renewed focus on creating meaningful partnerships between miners, host communities and governments is quintessential to unlocking economic prosperity for African stakeholders, Barrick Gold (TSX: ABX; NYSE: GOLD) CEO Mark Bristow told the Investing in Africa Mining Indaba on May 9.The chief executive of the world's second-largest gold producer by volume calls it "partnerships for prosperity," whi...Read More
Imperial Metals (TSX: III) is aiming to reopen its Mount Polley copper-gold mine in British Columbia, Canada, before the end of June, buoyed by high prices for the metal and a looming deficit.Work to reopen the mine began late last year, with hundreds of former and new employees focused on removing water from the pit, pre-stripping waste rock to expose ore bodies and preparing the processing mill...Read More
The board of First Quantum Minerals (TSX: FM) has resolved to proceed with a US$1.3 billion expansion of the company's cornerstone Kansanshi copper mine in Zambia, including the Enterprise nickel project.Called the S3 Expansion, the project is expected to transition the mine from its current selective high-grade, medium-scale operation to a medium-grade, larger-scale mine able to deal with a highe...Read More
Increasingly, financial regulators and investors are focused on ensuring that mining companies are prepared for the risks and opportunities of climate change.However, the consequences of climate change for the mining industry "are informed by a complex and evolving dynamic, which presents both threats to the way the industry operates and significant business opportunities as the world pushes towar...Read More
Share this articleVANCOUVER - Orla Mining Ltd. [OLA-TSX] has announced Phase one metallurgical test results at its Camino Rojo sulphide deposit in Zacatecas, Mexico with findings that support the potential for a standalone processing option.Camino Rojo consists of a near-surface oxide gold-silver deposit with a large deeper gold-silver-zinc-lead- sulphide zone.Camino Rojo reached the commercial pr...Read More
Dear Outsider,An interesting trade came across my desk yesterday.My colleague showed me how he's profiting from all the volatility going on this week.I'll share that with you if you stick with me.And I'll spare you too much of the Fed talk since you're probably getting it from every angle of Google's algorithm right now.But it's important to remember a few key points about the implications of rate...Read More
(IDEX Online) - Diamond sanctions are beginning to bite in India, as US buyers demand guarantees that polished stones were not mined in Russia, according to news reports.The US outlawed rough, gem-quality diamonds shortly after the invasion of Ukraine in February, but the ban does not cover stones that are "substantially transformed" - namely cut and polished - elsewhere.However, manufacturers in...Read More
(IDEX Online) - Jewelry salespeople in the US are being urged to take extra care, after one was stabbed and two others were targeted by criminals within a week.The Jewelers' Security Alliance (JSA) says it's important to check nobody's following your vehicle, and to take "evasive driving techniques" if necessary.A traveling salesperson was stabbed twice after four males smashe...Read More
0(IDEX Online) - India's economy could take 12 year to recover from COVID-19 losses, says the Reserve Bank of India (RBI).The country sustained losses of $24.8bn during 2020-21, as a direct result of the pandemic, it said. The figure for 2021-22 is estimated at $22.22bn and for 2022-23 it is $21.3bn.India's gold and diamond trade contributed 7.5 per cent of the country's GDP last ye...Read More
Vale would supply the nickel to Tesla's manufacturing facilities in the US. It did not give a financial value to the deal.Read More
Share this articleVANCOUVER - Green Battery Minerals Inc. [GEM-TSXV; GBMIF-OTCQB; BK2P-FSE] reported initial assay results from 12 diamond drill holes completed as part of the company's successful first phase of drilling on the newly discovered zone 6 area at the 100%-owned Berkwood graphite project, situated 280 km north of Baie-Comeau, Quebec. The program drilled into the outcrops and proved up...Read More
Share this articleDEASE LAKE - For over 30 years, the Tahltan Nation Development Corporation (TNDC) has played an instrumental role in developing Northwest British Columbia, including the mining and exploration sector in BC's Golden Triangle.Last night, TNDC was selected Top Indigenous Business of the Year for Northern BC at the 5th Annual Arctic Indigenous Investment Conference in Whitehorse...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 mineralsNet income was $6.47 million or $0.26 per share in the first three months of this year, up from $...Read More
The fall was mainly because of a 4% drop in gold equivalent ounces sold due to setbacks at Brazilian miner Vale's Salabo mine operation, Wheaton's largest royalty revenue stream.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 mineralsVale would supply the nickel to Tesla's manufacturing facilities in the US. It did not give...Read More