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
Shares in the firm fell 6% or $3.14 to $46.70 on the New York Stock Exchange following the new guidance. Average unit net cash costs in first-quarter 2022 were $1.Read More
"Production in the normally slower first quarter was 10% lower than the same period in 2021, impacted by peak Covid-related absenteeism, high rainfall affecting operations in South Africa and Brazil,Read More
Historic assays build hype for Alicanto at SalaSPONSOREDalicanto mineralsMakuutu magnetises support for Ionic Rare EarthsSPONSOREDionic rare earthsFortuna backs West Africa for growthSPONSOREDfortuna silver minesWest Africa an improved opportunitySPONSOREDThree events occurring in quick succession are combining to set the scene for a once in a generation economic policy challenge.Read More
(IDEX Online) - The GIA grading lab says it will soon be able to tell retailers and consumers which country their diamonds come from.It says it is developing a service called Source Verify, that buyers will access through its online Report Check service at no extra cost.GIA (Gemological Institute of America) does not specifically mention sanctions on Russian diamonds, but president and CEO Susan J...Read More
(IDEX Online) - Petra Diamonds says revenue increased by a third (33 per cent) in the last quarter to $140.6m, driven by a surge in prices.The UK-based miner said like-for-like prices at its March tender were up 37.6 per cent on December and a 157.88ct Type IIa white stone from its Cullinan mine sold for $5.5m.CEO Richard Duffy spoke of a "positive outlook for the business" in a trading update pub...Read More
Historic assays build hype for Alicanto at SalaSPONSOREDalicanto mineralsMakuutu magnetises support for Ionic Rare EarthsSPONSOREDionic rare earthsFortuna backs West Africa for growthSPONSOREDfortuna silver minesWest Africa an improved opportunitySPONSOREDThe US$740/t achieved compares to the $459-668/t recorded in the previous four quarters and represents a revenue to cost ratio of 3.3 to 1 - ver...Read More
Historic assays build hype for Alicanto at SalaSPONSOREDalicanto mineralsMakuutu magnetises support for Ionic Rare EarthsSPONSOREDionic rare earthsFortuna backs West Africa for growthSPONSOREDfortuna silver minesWest Africa an improved opportunitySPONSOREDMarch quarter iron ore production of 59.7 million tonnes was 10% lower than the December quarter due to COVID-18 constraints, train driver short...Read More
The fleet includes passenger buses, minibuses, vans, mobile solar checkpoints, and Chile's first high-tonnage electric truck.Read More
Antofagasta copper production in the first quarter of 2021 was down 24% year on year, and 22% quarter on quarter, at 138,800 tonnes. Read More
Development of the Northwest Territories will be essential for Canada to produce batteries and tackle climate change, Canada's Minister of Transport, Omar Alghabra, said during his first visit to Yellowknife. Alghabra, who visited the region to promote this year's federal budget said that the government would work with the territory to help it extract more minerals from the region in a responsi...Read More
Mexico has officially nationalized its lithium industry after the Senate approved by 87 votes in favour, 20 against and 16 abstentions the mining reform proposed by President Andr?(C)s Manuel L??pez Obrador, which gives the state exclusive rights over the battery metal.The law, which came into force on Thursday, was approved in record time - only two days after introduced by L??pez Obrador to Con...Read More
Shares of Nevada Sunrise Gold (TSXV: NEV) reached a new 52-week high as the company reported intersecting lithium mineralization "over significant widths" in its inaugural two-hole drilling program at its 100%-owned Gemini Lithium project in Nevada. Highlights of the drilling, which began last month, included 61 metres grading 950.57 parts per million (ppm) lithium starting from 97.6 metres in dr...Read More
FPX Nickel (TSXV: FPX; OTC: FPOCF) is in the process of completing an internal scoping study to further evaluate the option to produce nickel sulphate for the electric vehicle battery sector from nickel concentrates produced by its Baptiste deposit in central B.C. The study incorporates the positive results of previous leaching test work on the clean, high-grade Baptiste nickel concentrate (63% ni...Read More
Chilean miner Antofagasta (LSE: ANTO) said on Thursday the ongoing expansion of its flagship Los Pelambres copper operation in the home country would cost US$2.2 billion, up from the previous estimate of US$1.7 billion.The revised figure represents a 30% increase from the costs estimated in 2021 and a 70% jump from the original estimate of $1.3 billion.The company said the main reasons behind the...Read More
The winners of this year's Young Mining Professionals (YMP) awards are Shelby Yee of privately held RockMass Technologies and Alex Dorsch of?EUR?Chalice Mining?EUR?(ASX: CHN; US-OTC: CGMLF). The YMP awards, presented in association with The Northern Miner, recognize two mining professionals under forty who have demonstrated exceptional leadership skills and innovative thinking and provided value...Read More
The new strategy responds to market confusion at the company's February pre-feasibility study, which vaunted a heap leach and mill option, and caused its share price to sink.Read More
We all know how Martha Stewart was thrown in the clink.We all remember the Enron implosion and scandal, with the former president of the company Jeffrey Skilling getting 24 years in jail (though 10 were shaved off) and a $40 million fine.Raj Rajaratnam, Steven A. Cohen, Ivan Boesky... the list goes on and on.All convicted of insider trading and paraded around by the government with "perp walks" an...Read More
Today we advance a hypothesis:A high and ascending culture merits a currency equal to its excellences. For example: The gold solidus of the Byzantine Empire endured some 700 non-debased years - seven centuries.Meantime, a low and declining culture suffers the currency it deserves. That is, a low-culture currency is worth scarcely the "paper" upon which it is printed.Examples - infinite examples -...Read More
A 30 second 4K television commercial airing nationally on BNN Bloomberg. Visit us at http://greenshoemedia.com for additional content and information.Read full newsRead More
TRU Precious Metals (TSXV.TRU | OTCQB.TRUIF) has assembled a district scale land package in the highly-prospective Central Newfoundland Gold Belt.Read full newsRead More