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
Look beyond market approach to project valuations: van ZylLeadershipTransparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon mining"The gold market is perhaps one of the more classic signs of inflationary concerns - this is a play on US ‘real' (...Read More
The company, which commenced the quarter with A$3 million in the bank, has secured firm commitments for a $7 million placement to follow up on what it described as "spectacular intersections" at SalaRead More
Share this article VANCOUVER - Hudson Resources (TSX 'HUD'; OTC 'HUDRF') announced that based on new mining legislation passed on November 8th by the Greenland Government, it will focus efforts on advancing its 100% owned Sarfartoq rare earth element (REE) project.The new legislation, which was passed by a narrow majority, bans the development of mineral projects with a uranium content greater t...Read More
Share this article VANCOUVER - First Quantum Minerals Ltd. (FM-TSX) is set to appoint Tristan Pascall as the company's next CEO.Pascall, who is currently First Quantum's chief operating officer, will assume his new responsibilities in May 2022, when he succeeds the company's current Chairman, CEO and founder Philip Pascall. When he retires as CEO, Philip Pascall will continue to serve as Chairman...Read More
Collective said drilling confirmed the existence of a porphyry system in the Donut target area, the first of five outcropping and grassroot targets to be drill tested at Guayabales.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 Italy-focused company trebled resources in July to 7.79 million tonnes grading 6.8% zinc, 1.8% lead and 32...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 company, which commenced the quarter with A$3 million in the bank, has secured firm commitments for a $7 m...Read More
Rambler said copper production amounted to 521 tonnes in October, up from 328t in September and more than double the figure of 197t reported for June.Rambler closed a US$22 million debt financing package at the end of October. CEO Toby Bradbury said Monday's operational update "shows that, even before closing the financing, we have been steadily improving our operations"."The mine produced these i...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 company's Canadian chairman, Ken MacKenzie, and its Canadian chief executive, Mike Henry, have been so bus...Read More
(IDEX Online) - Portuguese soldiers serving with UN peace-keeping forces in Central African Republic (CAR) are alleged to have used military planes to smuggle diamonds, gold and drugs to Europe.Over 300 police were involved in the execution of 100 arrest warrants last week in a series of raids at addresses across Portugal.As many as 90,000 people are involved in small-scale diamond production in C...Read More
(IDEX Online) - More than 900,000 carats of rough Australian sapphires are to be sold at what is being billed as the first auction of its kind.The event is being organized in Bangkok, Thailand, by Fura Gems, which says it will produce 5.5m carats of Australian sapphires this year, and almost double - 10m - in 2022.It describes the sale as "the first-ever, organized, global auction of Australian sa...Read More
(IDEX Online) - Baselworld has suffered a further setback with the cancelation of its 2022 show and the departure of its managing director.The iconic Swiss watch event, which last took place in 2019, has been hit by the wholesale departure of high-profile names exhibitors, the launch of a rival event by Rolex, Patek Philippe, and others, and Covid-related postponements and cancelations.The show, w...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 mineralsIn a report published this week, RFC Ambrian found that energy efficiency "is being neglected in favour of eas...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 minerals"For the first time ever, we've got 190 countries agreeing to sound the death knell for coal power," he said."...Read More
Global Atomic (TSX: GLO; US-OTC: GLATF) has completed the feasibility study for the first phase of its Dasa uranium project in Niger's Tim Mersoi Basin. The company says the study confirms that the project is economic even at a price of US$35 per lb. uranium oxide, thanks to an estimated all-in sustaining cost of US$21.93 per pound.The Global Atomic board has given the okay to proceed with the pro...Read More
Yukon-focused explorer Whitehorse Gold (TSXV: WHG) is making steady progress assessing a development path for its high-grade district-scale Skukum property in an advanced, brownfield camp, 88 km south of Whitehorse.Led by an experienced management team and board with Kevin Weston as CEO, Whitehorse Gold recently completed a $15.3 million equity financing to fund the 2021 resource expansion and upg...Read More
The S&P/TSX Venture Exchange rose 26.92 points or 2.73% to finish the trading week at 1,012.06. Spot gold jumped US$47.20 per oz. or 2.60% to US$1,865.20 per ounce.Eskay Mining rose $1.15 to $3.28 per share. The company released assay results from its 2021 diamond drill program at its 100%-controlled Consolidated Eskay project in northwestern British Columbia's Golden Triangle, about 70 km northwe...Read More
The Dow Jones Industrial Average fell 227.64 points or 0.63% to finish the Nov. 8-12 trading week at 36,100.31 and the S&P 500 dropped 14.68 points or 0.31% to 4,682.85. Spot gold rose US$47.20 per oz. or 2.60% to US$1,865.20 per ounce.Shares of Alcoa advanced US$4.06 to US$51.92 per share. The company announced that its Portland Aluminium joint venture plans to restart 35,000 tonnes per year of...Read More
The S&P/TSX Composite index rose 312.70 points or 1.46% to finish the November 8-12 trading week at 21,768.50. The S&P/TSX Global Mining Index gained 5.97 points or 6.12% to 103.55 and the S&P/TSX Global Base Metals Index increased 9.32 points or 5.68% to 173.44. Gold climbed to US$1,865.20 per oz., up US$47.20 per oz. or 2.60%.Shares of Agnico Eagle Mines and Kirkland Lake Gold climbed during the...Read More
Canadian explorer Trailbreaker Resources (TSXV: TBK, US-OTC: APRAF) is focused on discovering gold in underexplored regions of North America.The company holds a portfolio of four gold properties throughout British Columbia and the Yukon Territory and has "a track record of effective grassroots exploration and successful project generation using the latest scientific methods and technologies," sa...Read More