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
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 Chile's Environmental Assessment Service (SEA) has recommended rejecting Anglo American's permitting application on...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 Investors, if not their advisers, sense the longer-term challenges by selling sector leaders even as most investment...Read More
(IDEX Online) - India's polished diamond exports rose by almost a half during the year to the end of March 2021.Total gross sales were $24.2bn, up from $16.3bn year on year, according to the GJEPC (Gem and Jewellery Export Promotion Council), a dollar rise of 48.8 per cent. Rough imports for the same period were up by almost 74 per cent, from $10.9bn to $18.9bn, though the volume in cara...Read More
(IDEX Online) - Thousands of men, women and children in Sierra Leone are being paid as little as $0.65 a day to dig for diamonds.They're employed by "supporters" to seek out gems in opencast mines of the eastern Koidu region, using nothing more than shovels and sieves.Many turn to artisanal diamond mining in desperation, according to an Aljazeera news report, but face exploitation and human r...Read More
(IDEX Online) - Gem Diamonds reports a slight increase in quarterly revenue, up four per cent on Q4 2021 to $52.1m, and says it is confident about future prices.Revenue for the three months to the end of March 2022 was up 19 per cent on the same quarter last year.The UK-based miner sold 28,461 carats in Q1 2022, according to a trading update, compared to 24,790 carats in the previous quarter. ...Read More
Canadian national producer price inflation surged by 4% in March from the previous month, the country's statistics agency reported.Read More
Rising geopolitical risks ever since Russia launched its attack on Ukraine, combined with a massive digital transformation in the mining sector in recent years to boost efficiency, has vastly increased the need for companies to update and invest in their cybersecurity systems, analysts and mining executives say. Victoria Gold (TSXV: GCX) warned investors in its annual report last month that the m...Read More
Russia's state-owned nuclear power supplier Rosatom and Nornickel, the world's largest producer of refined nickel, are fine-tuning details of a plan to develop a lithium deposit in the country's northwest, Sputnik radio reported.The announcement comes about two weeks after Chile and Argentina suspended raw lithium shipments to Russia amid increasing global sanctions to Moscow linked to the invasio...Read More
Palladium One Mining (TSXV: PDM; OTC: NKORF) has released a resource update on its 100% owned L??ntinen Koillismaa (LK) PGE-copper-nickel project in north-central Finland that increases tonnage in the indicated category by 250%, and inferred tonnage by 14%.The new resource encompasses three open-pits in the Kaukua area, including an initial resource for Kaukua South and Murtolampi, and one at Hauk...Read More
Kinross Gold (TSX: K; NYSE: KGC) is selling its 90% interest in the Chirano mine in Ghana to fellow Canadian Asante Gold (CSE: ASE) in a cash and shares deal worth $225 million.The open-pit and underground mining operation in southwestern Ghana produced 154,668 gold-equivalent ounces in 2021, compared to 166,590 oz. in 2020 and is located immediately south of Asante's Bibiani gold mine. The govern...Read More
With its technical team bolstered by the arrival of Bryan Wilson as VP mine GM and Terry Smith as COO, the company believes it is now on track to turn the corner, if it can obtain the capital requiredRead More
The first hole intersected multiple mineralised horizons over the first 110.6m of the hole with highlights of 28m grading 4.5 grams per tonne gold equivalent and 23.9m grading 5.3g/t.Read More
Dear Outsider,There's been so much insider buying activity over the last few months that I don't even know where to start.I guess we'll start with a man who's been manipulating stock prices his entire career... Elon Musk.His chickens may finally be coming home to roost.The Feds are after him.They say he delayed reporting his recent Twitter (NYSE: TWTR) purchases so he could buy more on the cheap.H...Read More
The latest estimate of U.S. GDP growth for the first quarter of 2022 from the Federal Reserve Bank of Atlanta is 1.3% (annualized). That's a notably weak reading and it comes just days before the final number is published by the Commerce Department.It's true that the first quarter is behind us, but the first quarter was relatively unaffected by the war in Ukraine, which began Feb. 24. The impact o...Read More
(IDEX Online) - Wonder Woman actress Gal Gadot is the face of Tiffany & Co's campaign for its new high jewelry collection.She wears a dandelion-inspired diamond necklace, an orchid brooch and a diamond and sapphire thistle necklace from its spring Blue Book collection, entitled Botanica. She also wears several of Jean Schlumberger's masterworks, including his iconic Bird on a Ro...Read More
(IDEX Online) - Bulgari has crafted a platinum, diamond and emerald tiara to mark Queen Elizabeth II's 70 years on the throne.The Italian jeweler says a a team of five, led by a master goldsmith, spent over 1,500 hours creating the piece, which is to be sold privately. No price has been disclosed.The tiara features a 63.44-carat Zambian emerald, carved with a blooming lotus flower. It i...Read More
(IDEX Online) - The Jewelers' Security Alliance (JSA) is offering a reward of up to $5,000 after a pawnshop owner in New York was bludgeoned to death with a metal pipe.Arasb Shoughi, 60, was so badly beaten that police initially thought he'd been shot in the head.He was attacked during a jewelry robbery at the Global Pawn Shop, on Jamaica Avenue, Queens, on 28 March, and died in hospital...Read More
Libero saw its stock jump 33% this week after it reported an intercept of 251m grading 0.75% copper and 0.114% molybdenum for 1.Read More
A conversation with Sue Ennis VP of Corporate Development and Ronnie Yu HUT8 Head of Power. We discuss recent comments made by Kevin O'Leary about bitcoin mi...Read full newsRead More
A conversation with Sue Ennis VP of Corporate Development and Ronnie Yu HUT8 Head of Power. We discuss recent comments made by Kevin O'Leary about bitcoin mi...Read full newsRead More