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
(IDEX Online) - Three gang members have been jailed over the highest-value house burglary in Britain - after they admitted stealing diamonds, jewelry and cash from the Formula One heiress Tamara Ecclestone (pictured).They made off with valuables worth $34m after targeting her home in Kensington Palace, London, while she and here family were on holiday. Police recovered hundreds of items of jewelry...Read More
(IDEX Online) - Scientists have identified a mineral that has been seen before, trapped inside a "super-deep" diamond.The mineral, named davemaoite, originates in the Earth's lower mantle, at least 660km below the surface, according to the current edition of New Scientist magazine.The fact that tiny davemaoite crystals were found inside a diamond means it must have been formed at that depth.&...Read More
(IDEX Online) - Alrosa reported an 18 per cent drop in revenue for Q3 as rough shortages persistedThe lower revenue was largely in line with a 20 per fall in sales, though it was offset to a small degree by a higher price index (+10% qoq).Diamond sales in Q3 totaled 9.2m carats, including 700,000 carats Alrosa had to buy from the Gokhran state repository because of shortages from mines. Sale...Read More
Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsThe State Council, China's top government body, released a high-profile Read More
The copper major's subsidiary Freeport-McMoRan Mineral Properties Canada can earn up to 70% of Amarc's Joy by spending C$110 million, under a two-stage option announced in May.A $4 million programme was planned for the first year, Amarc said at the time, but this was boosted to a $5.5 million spend in August.Freeport further increased its first year contribution to $5.94 million, Amarc said yester...Read More
Ecuador-focused SolGold (TSX: SOLG; LSE: SOLG) has named former BHP executive Darryl Cuzzubbo as the company's new boss, as the junior works to improve relations between the board and its largest shareholder.Cuzzubbo, who will take over on December 1, previously served as chief manufacturing supply officer at explosives maker Orica, where he moved in 2015 after a 24-year career at BHP.He is replac...Read More
NorthWest Copper (TSXV: NWST; US-OTC: NWCCF) has released the latest results from five drill holes into the high-grade copper-gold porphyry deposit of the Kwanika project, further extending the high-grade core.The news sent the British Columbia-focused explorer's Toronto-quoted equity soaring more than 13% at market open on Tuesday, given that the results demonstrate the wide distribution of high...Read More
ScoZinc Mining (TSXV: SZM) has released a prefeasibility study for its Scotia zinc-lead mine at Gays River, Nova Scotia. Using an 8% discount rate, the prefeasibility study gives the project an after-tax net present value of $128 million and an internal rate of return of 65%.The pre-production capital requirement is $30.6 million for a mine with a life of 14.3 years. Payback of the investment woul...Read More
This week's episode features Agnico Eagle Mines' Q3 conference call with CEO Sean Boyd, who discusses the company's recent merger with Kirkland Lake Gold, which he describes as a "regional consolidation opportunity." He also comments on record Q3 production, rising mining costs and the company's aggressive exploration strategy. All this and more with host Adrian Pocobelli.Music Credits:"Rattlesna...Read More
With the recent completion by Fission Uranium (TSX: FCU; US-OTC: FUCCF) of a 72-hole geotechnical summer program at the flagship Patterson Lake South (PLS) project in Saskatchewan, on schedule and with all goals successfully met, president and CEO Ross McElroy tells The Northern Miner the work required to complete a feasibility study is off to a "very strong start."The Kelowna, British Columbia-ba...Read More
It was 1:30 p.m. on a lazy Sunday. The sun was out and the weather was perfect, and so I settled back into my chair to enjoy a glass of spiked iced tea. But before I could finish a single sip, the 71,000 strangers sitting around me suddenly leapt to their feet, screaming at the top of their lungs, the air reverberating around me with a thunderous roar. My moment of peace was interrupted. So what e...Read More
Founded almost 20 years ago to focus on Turkey, the company has built up its asset base, with its flagship, circa 20,000 ounce per annum Kiziltepe gold-silver joint venture which started production in early 2017.Kiziltepe has provided a healthy financial base for Ariana to now enlarge its cost-effective, high-tech exploration focus across the Eastern Hemisphere - and enable investments through its...Read More
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There are new nickel hits in the market today, including the latest from FPX and Gungnir Resources. Gold exploration news from E79. And copper hits from Solaris Resources. Also, new updates from New Found Gold, Maple Gold Mines and Western Alaska Minerals. We'd like to thank our sponsors:Integra Resources is advancing the past-producing DeLamar Project in southwestern Idaho. The Company has c...Read More
Empress Royalty Corp. is pleased to provide an update on its inveRead full newsRead More
China's October coal output rose to the highest since at least March 2015, after Beijing approved a raft of coal mine expansions to tame record prices and boost supply.Read full newsRead More
India's coal shortage and electricity blackouts have eased in recent weeks as the seasonal decline in power demand has enabled generators to rebuild depleted coal stocks and the grid to operate with greater stability.Read full newsRead More
Kaiser Reef Limited (ASX:KAU) (Read full newsRead More
Arrow Minerals Limited (Arrow or the Company) is pleased to report a 6,000m reverse circulation (RC) drilling programme has commenced at the Vranso Project, Burkina Faso.Arrow identified four advanced stage drill-ready prospects within a 20km radius of the Perkoa Zinc Mine (Figure 1 & 2) following a...Read full newsRead More
"The gold market is perhaps one of the more classic signs of inflationary concerns - this is a play on US ‘real' (adjusted for inflation expectations) rates though, where the combination of a better economy in Q4, record negative US real rates and rising inflation is one the gold bulls will seek out precious metals," Pepperstone head of research Chris Weston said."The Fed may need to promote...Read More