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
The mine has been plagued by protests by different communities intermittently since it came into production in 2016, seeking greater social investment from the mine and mitigations from the noise andRead More
The SEC on April 28 charged Vale with making false and misleading claims about the safety of its dams prior to the January 2019 deadly collapse of its Brumadinho dam in Brazil.Read More
The credit facility includes a US$100 million term facility and a US$50 million revolving facility through a syndicate of lenders composed of The Bank of Nova Scotia, Bank of Montreal and CanadianRead More
IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixOreCorp prepares to deliver Tanzania's next big gold mineSPONSOREDorecorpArrow Minerals on the gold discovery path in West AfricaSPONSOREDarrow mineralsBlackEarth Minerals boosts graphite asset in MadagascarSPONSOREDblackearth mineralsWith an A$8-12 million capital raising underway, Nordic Nickel is set to join 27 new resource stoc...Read More
Copper production in Q1 stood at 13.3 million pounds, having dropped 10% from Q4 2021, and gold production of 13,610 ounces, was down by 11%, the company said.Imperial noted that block cave mining is advancing with the exploration decline at 1,225 metres as of April 20 and related surface infrastructure development is expected to be "substantially" complete by June.The feasibility study for the bl...Read More
More than a decade after shutting down lithium production, the Tanco mine in Manitoba started producing lithium spodumene concentrate in December, the mine's facility general manager Joey Champagne told The Northern Miner in an interview, making it a rare manufacturer of the raw material in Canada. Owned by Sinomine Resources, a company listed on the Shenzhen Stock Exchange in China, the mine...Read More
Western Potash, a subsidiary of Western Resources (TSX: WRX) will receive an $85-million loan from Appian Capital Advisory to complete the construction and development of the first phase of its Milestone potash project in Saskatchewan. The deal includes a six-year term loan facility at an interest rate of 12.5% per year, a grant of a 1.5% royalty based on the project's gross revenue, and the is...Read More
Chilean miner Antofagasta (LSE: ANTO) has opened a $66-million integrated remote operations centre (IROC) for its Centinela copper mine in the country's north.The centre is expected to improve safety, productivity and quality of life of employees, who will be able to work out of the region's capital city rather than at the site."The IROC is part of the company's strategy towards modern mining that...Read More
Canada's Eldorado Gold (TSX: ELD; NYSE: EGO) is aiming to resume construction at its Skouries gold-copper mine in northern Greece in the second half of the year, as it continues to work on a financing package.Progress at the project, halted since 2017, was in the past hindered by both government delays in issuing permits and community opposition over the possible environmental impacts of gold...Read More
Although there are many examples of fabulously rich gold, diamond and base metals mines that have been developed in the Far North, the mineral potential of the northern reaches of Canada, the U.S., and other nations remains largely untapped. Here are eight exploration, development and mining companies active in the Arctic and near-Arctic. BMC MINERALS Drillers at BMC Minerals' Kudz Ze Kayah proj...Read More
Stagflation isn't coming.It's already here.Inflation hit 8.5% in March, making for the fastest 12-month pace since 1981.And the Commerce Department reported yesterday that the U.S. economy contracted by 1.4% on an annualized basis through the first three months of 2022. That's a far cry from the 7% percent growth experienced in the final three months of 2021, and the weakest quarter since the spr...Read More
"If we get a recession in 2022 or 2023," The Wall Street Journal informs us, "it'll be a mild one."Just so. And if RMS Titanic strikes a North Atlantic berg en route to New York... it will only be a tiny one.The United States Department of Commerce reports that first-quarter gross domestic product contracted 1.4%.The shrinking was "unexpected" - at least by the experts among us. A Dow Jones survey...Read More
Falcon Gold Corp. (TSXV:FG), (GR:3FA), (OTCQB:FGLDF); (Read full newsRead More
GT1 was formed to take control of Ardiden's legacy lithium assets is raising $55 million, including LAC's investment. The raising was priced at A$1.05 per share, a 6% discount to recent trading, but well above the 24c level of its $24 million initial public offer in November. LAC will become a 5.2% shareholder in GT1. Existing major shareholders AMCI Australia and Primero...Read More
Share this article VANCOUVER - Equinox Gold Corp. [EQX-TSX, NYSE American] reported positive drill results from its 2021 exploration drilling in the 70-km-long greenstone belt in Bahia State, Brazil, that hosts the 100%-owned Fazenda and Santa Luz gold mines. Exploration identified multiple near-mine and regional discoveries that highlight growth potential in the Bahia belt."The 2021 exploration...Read More
The hole was part a surface infill drilling programme at the Plomosas mine area, targeting intervals on the upper levels of the historical Plomosas underground mine where unsampled intervals ofRead More
Ero Copper touts green focus and shareholder returnsSPONSOREDero copperIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixBlackEarth Minerals boosts graphite asset in MadagascarSPONSOREDblackearth mineralsChampion Iron to fuel green steel revolutionSPONSOREDchampion iron Nuton is Rio's portfolio of proprietary copper leach related technologies which aim to deliver increased copper reco...Read More
Look beyond market approach to project valuations: van ZylLeadershipEro Copper touts green focus and shareholder returnsSPONSOREDero copperIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixHistoric assays build hype for Alicanto at SalaSPONSOREDalicanto mineralsGT1 was formed to take control of Ardiden's legacy lithium assets is raising $55 million, including LAC's investment.&nb...Read More
Ero Copper touts green focus and shareholder returnsSPONSOREDero copperIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixBlackEarth Minerals boosts graphite asset in MadagascarSPONSOREDblackearth mineralsChampion Iron to fuel green steel revolutionSPONSOREDchampion iron Part of the $33 billion funding request to Congress would, if approved, be used to develop US domestic production of...Read More
Ero Copper touts green focus and shareholder returnsSPONSOREDero copperIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixBlackEarth Minerals boosts graphite asset in MadagascarSPONSOREDblackearth mineralsChampion Iron to fuel green steel revolutionSPONSOREDchampion iron The SEC's complaint, filed in U.S.Read More