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
De Beers, the world's largest diamond miner by market capitalization, has inked two mineral investment deals with the Angolan government granting the company exploration rights for 35 years in the country's northeast.Each concession area will be held by a separate new joint venture between De Beers Group and Endiama, Angola's state-owned diamond company, the parties said.De Beers, a unit of Anglo...Read More
An international team of researchers from the U.S., Canada and South Africa found higher levels of silica dust in the lung tissue of present-day coal miners working in central Appalachia compared to the lung tissue of previous generations of coal miners.In a paper published in the Annals of the American Thoracic Society, scientists explain that though silica is safe in rock formations, breathing i...Read More
Why do we hate mailmen so much? What have America's mail carriers done to deserve such disrespect?We've mandated these folks deliver mail to us six days a week. And we expect them to do it despite any and all weather conditions.Mail carriers have to make anywhere from 200 to 800 delivery stops a day. Each delivers thousands of letters, packages, and mailers every single day. And if a single postca...Read More
How long will today's inflation last? Deficits are the obvious place to begin with. The best way to consider debt is the debt-to-GDP ratio; you put the debt in the context of the gross income needed to service the debt.The best estimate for annual U.S. GDP as of Dec. 31, 2021, is $24 trillion. The result is a U.S. debt-to-GDP ratio of 125% ($30T ?? $24T = 1.25). Another estimate puts the ratio at...Read More
Aben Resources Ltd. (TSX-V: ABN ) (OTCQB: ABNAF ) (Frankfurt: E2L2 ) (Read full newsRead More
Share this articleVANCOUVER - Element 29 Resources Inc. [ECU-TSXV; EMTRF-OTC] reported results from its two initial drill holes of the 4,000-metre, 11-hole drill program at the 100%-owned Flor de Cobre Copper Project in southern Peru.Steve Stakiw, President and CEO, commented, "We are very encouraged by how similar the results of these first two drill holes are to the copper grades in the historic...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 opportunitySPONSOREDResolute said Gale was leaving to take up a role with an Australia-focused mining company.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 opportunitySPONSOREDSyrah and the DOE are targeting financial close by the end of June.The loan is being made as part of the USA's Advanced Technology Vehicles...Read More
The battery giant has announced a plan to join forces with ASX-listed, state-backed producer Aneka Tambang and its subsidiary Industri Baterai Indonesia, to invest almost US$6 billion in the Indonesia electric vehicle battery integration project, which will run the gamut from nickel mining and processing, EV battery materials, and battery manufacturing and recycling. The aim of the three-way...Read More
"When I asked Craig to join as CEO in early 2020, he committed to this role for several years with the intention that I would transition into the CEO role over this timeframe.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 opportunitySPONSORED "We are deeply saddened by this unexpected event," Trevali's president and CEO Ricus Grimbeek said. "Our immediate focus is on sear...Read More
(IDEX Online) - LVMH says revenue from its watch and jewelry division jumped by 24 per cent in the first quarter of this year, up to $2.53bn. Organic growth was 19 per cent.Overall earnings across all luxury groups rose 29 per cent, year-on-year, to $19.4bn, the French conglomerate said.The newly-acquired jeweler Tiffany & Co. had "an excellent start to the year," it said, driven by strong gro...Read More
Predictive Discovery is entering a new chapter as the company looks to expand its Bankan "once in a decade" gold discovery in Guinea and build West Africa's next tier one gold mine.Within 17 months, Predictive (ASX: PDI) went from a discovery hole at Bankan, located in Guinea's Siguiri Basin, to a resource of 72.8 million tonnes grading 1.56g/t for 3.65 million ounces.Managing director and experie...Read More
(IDEX Online) - As many as 1.5m people in Gujarat, India, could be affected by sanctions on Russian diamonds, according the industry body GJEPC.Around 800,000 people living in rural areas will be "directly impacted" and a further 700,000 with some link to the industry will be affected, it said, though it did not provide further details.Dinesh Navadiya, regional chairman of the GJEPC (Gem and Jewel...Read More
(IDEX Online) - Three illegal diamond miners died and 10 were rescued when a tunnel collapsed in Northern Cape, South Africa.It happened at the Nuttaboy Mine, at Kliensee, an area known for illegal underground mining.Last October four miners died at the same mine, when a shaft collapsed, trapping others 1,000 meters underground.And in 2012 a tunnel collapsed at the nearby Bontekoe mine, killing 10...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 opportunitySPONSOREDReports covering March quarter production, scheduled to start flowing this week, might throw fresh light on the size of the challenge confrontin...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 opportunitySPONSOREDAt 3am (Chihuahua time) on April 15, a group of armed intruders entered the mine, locked the staff in a sea container, and made off with around...Read More
Element 29 Resources (TSXV: ECU; US-OTC: EMTRF)?EUR?has announced results from two of 11 holes it's drilling this year to verify historical resources at its Flor de Cobre copper project in southern Peru . Highlights from the program included 349 metres grading 0.77% copper, 0.006% molybdenum and 1.7 parts per million (ppm) silver starting from 78 metres in drillhole FDC001; and 378.6 metres g...Read More
Sixty North Gold Mining's (CSE: SXTY) proposed accelerated earn-in of the past-producing Mon gold mine in Northwest Territories has been approved by the project holder New Discovery Mines, which will convert its direct interest in the property into a participating interest in Sixty North.Located 40 km north of Yellowknife, the Mon property has produced over 15,000 tonnes of ore to depths of 15 met...Read More
This week's episode features an in-depth look at the top 10 mining companies by market capitalization. We examine the stock prices, charts, P/E ratios and dividends, and speculate on the large divergences between company valuations. We also take a look at this week's big stories and the latest metal prices.Read the full article on the Top 50 mining companies by market cap here: https://www.mining....Read More