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
Kinross Gold (TSX: K; NYSE: KGC) is aiming to report an initial inferred resource for its recently acquired Great Bear (Dixie) project in Red Lake, Ont., by the end of the year. The gold miner, which paid $1.8 billion in cash and shares for Great Bear in a deal that closed in late February, plans to start a prefeasibility study on the project in 2023. With 10 drill rigs at work at Dixie, Kinros...Read More
With the addition of a first resource for the Larkin Zone at its Beta Hunt mine in Western Australia, Karora Resources (TSX: KRR; US-OTC: KRRGF) has increased its measured and indicated gold resources, net of depletions, by 8% and its inferred resources by 43%. The Larkin Zone holds 1.4 million tonnes grading 2.6 grams gold per tonne for 119,000 oz. gold in the measured and indicated category....Read More
Colombia plans to hold two bidding rounds - one for gold and one for coal exploration contracts - before the end of June, as part of ongoing efforts to strengthen the country's mining sector.Speaking at the ELAMI mining conference held this week, the president of the national mining association ANM, Juan Miguel Dur??n, said the first round of bids will be launched this month and will focus on coa...Read More
According to a recent Associated Press-NORC Center for Public Affairs Research poll, most Americans are giving Biden far more credit than they should.About 40% are giving him far more credit than they should for prices at the pump, in particular.The simple fact of the matter is that Biden's administration has less control than it wants. And far less control than Americans think it has.A historic o...Read More
Our fathomless disfaith in experts is validated yet again...The United States Department of Labor issued December's unemployment figures this morning.A Dow Jones survey of economic wiseacres soothsaid that December would register 422,000 fresh jobs. How many fresh jobs did December register?199,000 - under half the projected figure.Here Mr. Nick Bunker, economic research director with Indeed, wrin...Read More
Falcon Gold Corp. (TSX-V:FG)(FRA:3FA)(OTCQB:FGLDF); (Read full newsRead More
Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (Read full newsRead More
Graphite One (GPH: TSXV; US-OTC: GPHOF) has signed a non-binding memorandum of understanding (MOU) with battery materials recycler Lab 4 to build a recycling facility for end-of-life electric vehicle (EV) and lithium-ion batteries in Washington state. With the proposed recycling division, the company aims to bring "the full circular economy" to the U.S. graphite supply chain, the company said. "...Read More
The placement, priced at 13c per share, with one 18c option per two shares expiring in 2025 also offered, comes just two months after the company raised $7 million at 5c in another placement. EUR said the cash would be used for "strategic land acquisition", extensional drilling and metallurgical test work at Wolfsberg, and resource studies at could add to the existing 12.8 million tonne at 1%...Read More
Share this article VANCOUVER - Westhaven Gold Corp. [WHN-TSXV; WTHVF-OTC] reported drill results from its continuing drill campaign at its 10%-owned, 17,623-hectare Shovelnose gold property located within the prospective Spences Bridge Gold Belt (SBGB), which borders the Coquihalla Highway 30 km south of Merritt, southwestern British Columbia.Gareth Thomas, President and CEO, commented: "We are p...Read More
Look beyond market approach to project valuations: van ZylLeadershipWest Africa an improved opportunitySPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldThe placement, priced at 13c per share, with one 18c option per two shares expiring in 2025 also offered, comes just two m...Read More
The firm has also amended its US$50 million senior secured term loan facility to gain financial flexibility in addition to its main owner's funding which will be in the form of a new US$15 millionRead More
The mine - which supplies Sumitomo Corporation in Japan - produced a record 9.1 million pounds of payable copper in the first quarter of this year, up 70.7% from 5.3 million pounds year-on year.Read More
West Africa an improved opportunitySPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining The audit by the tax authority Canada Revenue Agency (CRA) covered the firm's filings for tax years 2012-...Read More
(IDEX Online) - US President Joe Biden is under pressure from a group of congressmen to impose effective sanctions on Russian diamonds.Lawmakers say current restrictions, announced on 11 March, will have a negligible effect because they only prohibit the importation of rough diamonds, not gems that have been cut and polished outside Russia.They urge the Biden administration to close the loophole t...Read More
(IDEX Online) - The Responsible Jewellery Council (RJC) has suffered further backlash over its refusal to cut ties with Russia. Kering, French owner of Boucheron (pictured), Gucci, Alexander McQueen and Yves Saint Laurent, has left the the London-based watchdog over its "inability to face the current situation in Europe" in a manner consistent with its values.Bulgari's jewelry boss Mauro...Read More
(IDEX Online) - The Moscow Diamond Bourse (MDB) has suspended its membership of the World Federation of Diamond Bourses (WFDB) in response to Russia's invasion of Ukraine.Trading at the bourse ceased on 7 March, two weeks after troops entered the country."We look forward to see the end of hostilities and hope that we all will be able to return to normal in the future," MDB president Alex Popo...Read More
West Africa an improved opportunitySPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining Modern life is fundamentally dependent on the metals, energy and chemicals that the natural resources sec...Read More
A judge of the Federal District of Alaska is expected to render a decision soon in a dispute regarding the development of a 340-km, east-west-running controlled industrial access road that would provide access to the Ambler Mining District in northwestern Alaska.In its first-quarter financial report released on Wednesday, Trilogy Metals (TSX: TMQ; NYSE American: TMQ) revealed that the U.S. Departm...Read More
Mining giant Vale (NYSE: VALE) has signed an agreement with the government of the northern Brazilian state of Par?? to build a "green" pig iron plant in the city of Marab??, near its Caraj??s iron ore mine.The plant will use technology developed by Vale's wholly-owned subsidiary Tecnored, which reduces the carbon footprint of traditional steelmaking production processes. This marks the first use i...Read More