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
FPX Nickel CEO Martin Turenne joined Steve Darling from Proactive to share news the company has established a new subsidiary company, CO2 Lock to pursue oppo...Read full newsRead More
TSX.V: OZ OTCQB: OZBKF FSE: S600 Outback Goldfields Corp . (theRead full newsRead More
Harvest sold 70,200 tonnes of its KP Fertil product in the first three months of 2022, from the Arapuá project in Brazil.Read More
Vale holds an 80% interest in Hu'u project owner Sumbawa Timur Mining with Indonesia's ANTAM owning 20% where it plans to deliver a pre-feasibility study in 2024 looking at a production scenarioRead 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 Harvest sold 70,200 tonnes of its KP Fertil product in the first three months of 2022, from the Arapu&aac...Read More
Fernando said that while extreme measures have been proposed, such as the nationalisation of mining, Fitch expects such proposals to be moderated as the constitutional process advances.Read More
The mining claims around Iskut are not being purchased for development or their mineral potential.Read More
(IDEX Online) - The Richemont group and Pandora both announced today that they have quit the Responsible Jewellery Council (RJC) over its failure to take a strong enough stand against Russia.Richemont, the Swiss-based company that counts Cartier, Van Cleef & Arpels, Jaeger-leCoultre and Piaget among its 26 maisons, said: "If RJC cannot uphold highest of standards, then we cannot be part of tha...Read More
(IDEX Online) - A brazen gang of masked raiders used sledgehammers and crowbars to smash the window a jewelry store in Beverly Hills and fled with items valued at up to $5m.They struck in broad daylight on a busy street, in full view of drivers and pedestrians. The five men snatched what they could in a matter of seconds and fled on foot. The heist was captured by shocked passers-by on...Read More
The royalty bill is currently in the Senate and has already been modified from its original state.Read More
Market analyst Fitch Solutions Country Risk & Industry Research has revised its 2022 zinc price forecast higher by more than 20% to US$3,500 per tonne.In a market commentary, Fitch argues that metal prices are being bolstered by the energy crisis stemming from the ongoing Russian invasion of Ukraine that has led to many smelters halting or reducing zinc metal production.Zinc prices have rallied si...Read More
Skeena Resources (TSX: SKE; NYSE: SKE) has signed a cash-and-stock deal to acquire B.C.-based QuestEx Gold & Copper (TSXV: QEX; US-OTC: QEX) for about $48.6 million. Following the acquisition, Skeena will sell QuestEx's Heart Peaks, Castle/Moat and North ROK/Coyote properties to Newmont (TSX:NGT; NYSE: NEM) for about $27 million as per a separate agreement inked by the two companies. The tra...Read More
MPs from the New Democratic Party (NDP) have tabled two private bills aimed at increasing accountability for Canadian companies that violate human rights abroad and have criticized the Liberal Party for not doing enough, days after the two parties announced a confidence-and-supply deal that could allow the Liberals to govern until 2025.MPs Peter Julian and Heather McPherson believe that the bills...Read More
FPX Nickel (TSXV: FPX; OTC: FPOCF) is establishing a new subsidiary company, CO2 Lock Corp., that will pursue opportunities in large-scale, low-cost and permanent carbon capture and storage (CCS). CO2 Lock has raised $1.7 million in a seed round financing, leaving FPX Nickel with an approximately 76% ownership interest (fully diluted) in the subsidiary.CO2 Lock is expected to operate as a st...Read More
Frontier Lithium (TSXV: FL; OTC: LITOF; FRA: HL2) has successfully concluded a pilot-scale campaign to produce 500 kg of spodumene concentrate that will be used to conduct piloting of a hydrometallurgical conversion process.A 7,800-kg sample of blended material from the Spark (89%) and PAK (11%) deposits - both part of Frontier's PAK project in northwestern Ontario - was collected. It averaged 1.5...Read More
Nickel is used mainly in the steelmaking process, but also in production of batteries for electric vehicles, and it is the metal that has grabbed the most headlines so far this year.This week alone, the price jumped by the 15% daily limit on the London Metal Exchange, adding to a string of sharp price moves as the market seeks to reset following an unprecedented short squeeze and week-long trading...Read More
With an estimated 6 million tonnes per year supply gap forecast over the next 10 years Heimlich questioned whether the current pipeline of projects is able to respond given the bigger scaleRead More
"God has a special providence for fools, drunkards and the United States of America."Thus concluded 19th-century Germany's Otto von Bismarck - the Iron Chancellor. The years have heavily affirmed the Teutonic autocrat.All available evidence indicates it is true. And of these God-blessed categories, we conclude God has most blessed the United States of America.She has absorbed more divine favor tha...Read More
Chile's recently elected leftist government is considering changes to the country's mining royalty regime to fund its social spending ambitions.Read More
"Stop making excuses!"Oh boy, I hate that phrase.It might be my least favorite phrase in the English language.But it's not the words I dislike; it's how that phrase is used.Too often, "stop making excuses" is used as a response to what really amounts to a reasonable explanation. And when someone is unhappy with an explanation, they'll often use the phrase as what's known as a "thought-terminating...Read More