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
The tech start-up using core enablers of automation to benefit every mineSPONSOREDMarvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Anglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining Anglo plans to produce polyhalite, a type of potash that cur...Read More
(IDEX Online) - Diamonds from Russia should be treated as conflict diamonds, says the US-based NGO Pact."These are objectively conflict diamonds: They're funding an armed conflict against a peaceful neighbour, by a state actor," said Cristina Villegas, director of its Mines to Markets operation.She was quoted by the London-based Guardian newspaper in a piece entitled "Jewellery industry accus...Read More
The tech start-up using core enablers of automation to benefit every mineSPONSOREDWorld 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 funds are being raised through a non-brokered private placement...Read More
Max - which has seen its share price on a strong upward trend throughout this year - has enlisted Endeavour to help with finances required by Colombia's National Mining Agency. In return, Endeavour will take a smelter-royalties return and 5% ownership of Max.Endeavours' net smelter returns royalty will be an underlying 0.5% and cover new mineral tenures, but not the ones that Max currently ha...Read More
Vale (NYSE: VALE) has struck a multi-year agreement to supply Swedish lithium-ion battery manufacturer Northvolt AB with low-carbon nickel from its Long Harbour refinery in Newfoundland. Details regarding volume and pricing were not released, but the multinational base metals miner said that the agreement had been two years in the making and would serve as a "launchpad for further cooperation."...Read More
Toronto-based Freeman Gold (TSXV: FMAN; US-OTC: FMANF) has reported near-surface, bonanza grade results from a recent drilling program at the company's Beauty zone site, part of its 100%-owned Lemhi gold project in eastern Idaho.The company began an exploration program at the 30-sq.-km Lemhi site in 2020, with the majority of its drilling having been conducted in the central part of the project. H...Read More
The global refined copper market showed a 92,000 tonnes deficit in December, compared with a 123,000 tonnes deficit in November, the International Copper Study Group (ICSG) said in a new data release.For the full year, the market reported a deficit of 475,000 tonnes compared with a 484,000-tonne shortfall a year earlier, the ICSG said.World refined copper output in December was 2.11 million tonnes...Read More
Galway Metals (TSXV: GWM; US-OTCQB: GAYMF) is preparing to release a new mineral resource update within days encompassing all six of the Clarence Stream gold project's discovery zones in New Brunswick.Recent exploration has confirmed a continuous mineralized strike of at least 3.1 km, connecting previously separate deposits. Most recently, the company has succeeded in expanding the George Murphy Z...Read More
Meridian Mining (TSXV: MNO; US-OTC: MRRDF) has announced new results from its 25,000-metre drill program at its Cabacal copper-gold project at Mato Grosso in west-central Brazil as it works to update the resource later this year. Highlights from the drill results included 11.9 metres grading 1.3% copper, 0.4 gram gold per tonne, 8.9 grams silver per tonne starting from 61.8 meters in drillhole CD...Read More
Silver Tiger Metals (TSXV: SLVR; US-OTC: SLVTF) announced high-grade drill results from the Sooy vein at its El Tigre project in northwest Mexico, an area at the historic mine district that was drilled for the first time. Drill highlights included 9.3 metres grading 4.65 grams gold per tonne, 1,877.1 grams silver per tonne, 0.03% copper, 0.39% lead and 0.02% zinc starting from 36.6 metres; and...Read More
Talisker Resources (TSX: TSK; OTC: TSKFF) has reported more high-grade assays from drilling at at its flagship Bralorne gold property in B.C. Bralorne is an advanced-stage project hosting three historic gold mines that together produced 4.2 million oz. at an average recovered grade of 17.7 grams gold per tonne.This time, the results are highlighted by SBP-2021-020, which returned 21.5 grams gold o...Read More
This week's episode features a presentation by the World Bank senior mining specialist Martin Lokanc at the Global Mining Symposium. Martin explains why the shift to green energy will be more mineral intensive than fossil fuels and how supply chains are in the process of changing around the world. He also points out how areas like the Middle East and Africa will play bigger roles in the mining ind...Read More
Vale (NYSE: VALE) has struck a multi-year agreement to supply Swedish lithium-ion battery manufacturer Northvolt AB with low-carbon nickel from its Long Harbour refinery in Newfoundland. Details regarding volume and pricing were not released, but the multinational base metals miner said that the agreement had been two years in the making and would serve as a "launchpad for further cooperation."...Read More
Ukraine bears the scars of Russian occupation. But the worst wasn't from war.By some estimates, 3.9 million died in Ukraine, or about 13% of the population, across just two "peacetime" years.Ukraine faced a multiyear famine under Stalin known as the Holodomor - a portmanteau of the Ukrainian words for "starvation" and "to inflict death" - which peaked in 1932 and 1933.No sieges, no artillery or ro...Read More
Share this article VANCOUVER - Barrick Gold Corp. [ABX-TSX, GOLD-NYSE] has announced details of a framework deal that sets the stage for development of the Reko Diq project in Pakistan.The project, which was suspended in 2011 due to a dispute over the legality of the licensing process, hosts one of the world's largest undeveloped open pit copper-gold porphyry deposits. Published reports stay it i...Read More
The tech start-up using core enablers of automation to benefit every mineSPONSOREDWorld 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 MJ Let's start with Argentina. You've just come back from a visit t...Read More
Soto Norte hosts an indicated resource of 8.5 million ounces with another 3.6Moz in inferred and has a feasibility study for the production of more than 450,000oz per year from a 5Moz reserve.Read More
The tech start-up using core enablers of automation to benefit every mineSPONSOREDWorld 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 Shakespeare Mine was previously in commercial production from 2...Read More
Eight Capital and RBC Capital Markets are acting on behalf of a syndicate of underwriters that have agreed to buy 18.6 million shares in Osisko at an offering price of $13.45 per share. On March 11, Osisko's share price closed at C$18.45 (US$14.64), which was the highest closing value since mid-2015. By March 20, it had fallen to C$16.54/share. Osisko had a market capitalisation of C$2.75 bil...Read More
(IDEX Online) - The world's most advanced diamond recovery vessel, the $420m Benguela Gem, is to set sail off the coast of Namibia next week.The 177-meter ship (pictured) will join Debmarine's existing five-strong fleet, which dredge thousands of tonnes of sediment fat 90 to 150 meters below the seabed, 12 miles off the south-western coast. It is expected to increase Debmarine'...Read More