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
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 Tharisa has exercised a farm-in option to invest US$27.0 million to increase its stake in Karo Holdings f...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 Idaho-based Bunker Hill Mining is aiming to re-open the mine in the second-half of 2023.Read More
"There needs to be a change in the model of mining development and we want to play an important role to coordinate this to position mining in Chile as an example of being able to face localRead More
(IDEX Online) - Tiffany & Co has filed a forceful court denial over claims by rival Cartier that it had tried to steal its trade secrets."This case presents a truly bizarre circumstance," it says in a preliminary statement to the New York State Supreme Court."Cartier's principal 'evidence' is the affidavit of an ex-employee who confesses she has lied to everyone, including both...Read More
(IDEX Online) - Namibia's state-owned diamond company has named the 36 "special clients" that will buy the bulk of its output for the next three years.Dubai and Belgium both have nine clients, India eight, Israel five, USA three, but only two from Namibia.Namib Desert Diamonds (Namdia) was founded in 2016 following an agreement between the government of Namibia and De Beers to "test"' wh...Read More
(IDEX Online) - Lucapa has increased its forecast of diamond resources at Lulo, Angola, after further explorations.The Australian miner has revised the number of carats up by 11 per cent, from 135,900cts to 151,040cts. That takes into account the 24,595ct mined during 2021.It is also predicting a steep rise in the price per carat, up from $1,440 (31 December 2020) to $1,930 (31 December 2021), exc...Read More
(IDEX Online) - Iris Van der Veken has quit as executive director of the Responsible Jewellery Council (RJC) over its failure to take a tougher stance against Alrosa.The Russian miner voluntarily relinquished its vice-chairmanship of the London-based group following the invasion of Ukraine, but remains a member.Van der Veken (pictured), who has headed the RJC since 2019, is reportedly unhappy that...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 Barton Gold, which listed in June 2021 after raising A$15 million, was one of the presenting compa...Read More
SMI's analysis, undertaken with research group Cesco and Germany's GIZ points to potential savings of 50% in capital and operating costs and a 75% land use reduction through shared waterRead More
Things were very different the last time conditions for the red metal were so bullish, during the commodities super cycle in the last decade.Read More
"This [US-Chile Tax Treaty] has been awaiting ratification for more than a decade - we must move forward to ensure the success of US companies that invest in Chile and to level the playing field withRead More
All investments made by firms from authoritarian regimes should undergo the complete security review process stated in the Investment Canada Act (ICA), a parliamentary committee said in a new report that analyzed the acquisition of Neo Lithium, a Canadian-listed company, by China's Zijin Mining. While all foreign investments undergo a preliminary national security screening by Canadian authorit...Read More
Clean Air Metals (TSXV: AIR; OTC: CLRMF) has received new assays from drilling at the Escape platinum group-copper-nickel deposit, part of its flagship Thunder Bay North project. The property is located near Thunder Bay, Ont., about 60 km southeast of the Lac des Iles mine owned by Impala Platinum.The latest drill results from the Steepledge extension area are highlighted by hole ELR22-115, which...Read More
Taseko Mines (TSX: TKO; NYSE: TGB; LSE: TKO) has upped its proven and probable sulphide reserves by 40% to 640.5 million tonnes grading 0.25% copper and 0.008% molybdenum. The increase allows the company to extend the life of the mine a further 23 years. During that time, the company anticipates producing 3 billion lb. copper and 53 million lb. molybdenum."Over the last two years there has been a...Read More
Mining was one of few industries that saw relatively little disruption at the start of the global Covid-19 pandemic in March 2020. And although miners endured commodity price volatility, they enjoyed low or stable costs in the early part of the pandemic (remember the first-time-ever negative oil price of April 2020, when West Texas Intermediate went down to -US$37.63 per barrel?). Lower input cos...Read More
The ongoing trend of mergers in the gold sector is expected to continue this year with companies like Kinross Gold (TSX: K; NYSE: KGC), Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY), Centerra Gold (TSX: CG; NYSE: CGAU) and OceanaGold (TSX: OGC; ASX: OGC) "most likely" to participate in the latest round of consolidation, according to Scotiabank analysts. In a new report released this week, entitle...Read More
Sabina Gold & Silver (TSX: SBB; OTC: SGSVF) has completed a bought-deal offering with a syndicate of underwriters led by BMO Capital Markets for gross proceeds of $126.5 million. The company is owner of the Back River gold district in Nunavut hosting a total of six properties, including the advanced-stage Goose mine project.This round of financing saw Sabina issue approximately 81.6 million of its...Read More
Researchers at Cornell University found that a nitrogen-doped, carbon-coated nickel anode can catalyze an essential reaction in hydrogen fuel cells at a fraction of the cost of the precious metals currently used.In their view, the discovery could accelerate the widespread use of clean hydrogen fuel cells in vehicles and other applications.In a paper published in the journal Proceedings of the Nati...Read More
President Joseph Biden, March 26:"As a result of our unprecedented sanctions, the ruble was almost immediately reduced to rubble."Business Standard, March 29:The ruble has recouped most of its losses and become the top-performing currency globally... The ruble appreciated to 83 to the dollar intraday on Tuesday against a record low of 139 on March 7. Thanks to the recent rally, the ruble is only a...Read More
On a Thursday afternoon, I walked single file into a room with about a hundred other people. A TV was carted in - one of those big ol' cathode ray tubes with the faux wooden case.We watched history unfold. Not that we knew it.We were all seven years old, minus a handful of teachers. Here is what we saw: The fall of the Berlin Wall. The inevitable result - according to today's narrative - of a 40-...Read More