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
New life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldPolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningThe new PFS turns a negative net present value positive, and increases the internal rate of return from near-zer...Read More
Look beyond market approach to project valuations: van ZylLeadershipNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldPolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsThe S&P 500 reached a new high, closing up 0.09% to 4,701.7."With the Bipartisan Infrastructure Deal and the Build B...Read More
PolarX finds extra copper potential in AlaskaSPONSOREDpolarxNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningCerro de Pasco will pay C$1 million in cash, 10 million shares and a 1% net smelter royalty on all new deposits...Read More
New life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldPolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningThe purchase price comprises $1.Read More
Production in the September quarter was 613,000 ounces, down by 18% year-on-year but flat versus Q2 and in line with expectations from analysts at BMO.Read More
PolarX finds extra copper potential in AlaskaSPONSOREDpolarxNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific mining"While prices may moderate through 2022 as pandemic supply issues ease, building demand — due to factors i...Read More
PolarX finds extra copper potential in AlaskaSPONSOREDpolarxNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningHailed in its early days as the answer to delivering cheap and reliable electricity, nuclear fell by the wayside...Read More
(IDEX Online) - New owners of Canada's Ekati mine are seeking consent to drain a nearby lake and dig three kimberlite pipes.The Arctic Canadian Diamond Company says the move is crucial to securing the future of the mine and to filling a gap in production that would otherwise see the mine temporarily shut down.It has successfully lobbied for the Point Lake open pit project not to be subjected...Read More
(IDEX Online) - Prosecutors in Britain have launched a legal battle to reclaim proceeds of the $7.8m "pebble swap" heist.Lulu Lakatos aged 60, from Romania, was jailed in July for five-and-a-half-years for the sleight-of-hand switch at Boodles, in Mayfair, London.The Crown Prosecution Service (CPS) is now attempting to recover money from the Russian mobsters believed to behind the 2016 raid, accor...Read More
(IDEX Online) - Manufacturers in Surat are hoping to kickstart the price of polished diamond prices by extending the Diwali vacation.The city's 6,000 cutting and polishing units will remain closed for three weeks, rather than the usual seven or 10 days."Even though rough diamond prices were going up due to supply constraint, polished prices were not witnessing an upward trajectory and the pro...Read More
(IDEX Online) - Prices of fancy color diamonds kept rising in Q3 - up 0.7 per cent as the market recovered from the pandemic.The rate of increase is accelerating, according to the Fancy Color Diamond Index (FCDI): The Q2 rise was 0.2 per cent and Q1 was 0.3 per cent.No figures were produced for Q1 and Q2 of 2020 because business was too slow to yield sufficient data.Blue diamonds showed an a...Read More
PolarX finds extra copper potential in AlaskaSPONSOREDpolarxNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningIt said space-based technology and artificial intelligence were evolving into valuable tools for mining, after h...Read More
Drilling at Hudbay Minerals' (TSX: HBM; NYSE: HBM) Copper World project in Arizona this year has identified three new deposits bringing the total number to seven, with a combined strike length of over seven kilometres. The exploration success resulted in the company raising its 2021 exploration budget from US$10 million to US$34 million and increasing the drill program from 21,336 metres to over...Read More
Vanadium miner Largo Resources (TSX: LGO; Nasdaq: LGO) is rebranding to Largo Inc. to reflect its focus from being seen only as a primary vanadium miner to a fully integrated vanadium redox flow battery technology company.To this end, the company has integrated its Largo Clean Energy business back under the same corporate umbrella as it repositions to deliver high-quality, sustainable and innovati...Read More
The Toronto-listed equity of Aurion Resources (TSXV: AU) jumped more than 9% Monday after the company revealed Canadian gold major Kinross Gold (TSX: K) has agreed to earn a 70% option on the Silaskaira project in Finland.The property is next to the Silasselk?? vanadium project, currently under option to Strategic Resources Inc (TSXV: SR), in which company Aurion holds about 16% equity interest, a...Read More
After a brutal 2020 that saw diamond production and sales curbed globally, with production declining more than 20% to around 107 million carats, the diamond market has bounced back strongly in 2021. Paul Zimnisky, an independent diamond industry analyst, explains what's happened in the market, why new supply may be needed by the beginning of the next decade, and the importance of traceability init...Read More
BHP (NYSE: BHP: LSE: BHP; ASX: BHP) has inked a deal to divest up to US$1.35 billion in metallurgical coal assets in Australia, as part of the world's largest miner ongoing retreat from fossil fuels.The company is selling its 80% stake in BHP Mitsui Coal, or BMC, which operates the South Walker Creek and Poitrel coking coal mines in Queensland, to junior Stanmore Resources (ASX: SMR). The remainin...Read More
Friday November 5 saw fireworks on either side of the Atlantic. Just as the big bangs were fading on Guy Fawkes Night in the United Kingdom, rockets were going off in Washington as Congress passed a US$1.0 trillion Infrastructure Investment and Jobs Act. The former is our annual celebration of a failed assassination attempt in 1605, whilst the latter heralds a new era of construction in the United...Read More
Starcore International Mines (TSX: SAM; US-OTC: SHVLF) holds a portfolio of assets that includes a producing mine and exploration and development projects in Mexico.The Vancouver-headquartered miner "sits in an exciting position," says Robert Eadie, Starcore's president and CEO, "with a producing gold and silver mine, a large molybdenum-copper deposit, and newly acquired gold and silver claims, a...Read More
In a new insight published by ?EURRead More