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
It is official - climate change is a medical pathology. Reports Canada's Times Colonist:"British Columbia Doctor Clinically Diagnoses Patient as Suffering From ‘Climate Change.’" More:Doctors have traditionally struggled to clinically attribute mortality and severe illness to air pollution. For [Dr. Kyle] Merritt, this summer's wildfire season changed all that.When a patient came in st...Read More
We made it through October.It wasn't so bad, right?Fed Chair Jerome Powell spoke Wednesday about the economy, saying we need to remain humble and understand the world is still very COVID-affected. He also wants to see further development in the labor market before making any decisions about raising interest rates, as the U.S. reaching "maximum employment" would trigger such increases.So strong job...Read More
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(IDEX Online) - Beyonce has again been photographed wearing the iconic Tiffany Diamond, despite having said she was "angry and disappointed" to learn it was a blood diamond.The 40-year-old singer wore the 128.54-carat gem in a new photo-shoot with husband Jay-Z, 51, for Tiffany & Co's About Love campaign. The pic was posted on her Instagram account last Tuesday.She prompted an online back...Read More
(IDEX Online) - Namib Desert Diamonds (Namdia) has blamed the pandemic for an 86 per cent profit slump.The government-controlled miner reported full-year post-tax profits of ?, ?880,000 in 2020/21, down from $6.31m the previous year.Namdia sold 144,967 carats at six rough diamond sales during the year, according to the Namibia Economist. The average price per carat was $494.75."Rough diamond sales...Read More
(IDEX Online) - Hackers who plundered the London jeweler Graff have issued a groveling apology to Saudi Crown Prince Mohammad bin Salman and other Middle East leaders.In a bizarre twist, the Russian-based Conti gang posted a "press release" apologizing for any inconvenience and pledging to delete all their details.It said, however, that it had no issues about posting information on US and EU...Read More
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Shares were offered on November 4 at 0.85 pence, a discount of around 21% from the closing price on November 3. The shares are expected to be admitted to trading on AIM around 18 November 2021. Read More
Share this article TORONTO - African Gold Group Inc. [AGG-TSXV, AGGFF-OTCQX, 3A61] said it has upsized a previously announced non-brokered private placement, with proceeds earmarked for the company's Kobada Gold Project in Southern Mali.The company said the upsized private placement will be for gross proceeds of up to $5 million via the sale of up to 35.7 million units priced at 14 cents each. Th...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 strong figures belie some of the challenges that achieving those results entailed and those yet to come as t...Read More
Impressive? The December quarter promises to be even better, president and CEO Clive Johnson told Mining Journal.Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipPolarX finds extra copper potential in AlaskaSPONSOREDpolarxNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldThe Mike Haynes-led company has reported a maiden resource of 7.7 million tonnes grading 2.2% copper and 5.3% zinc plus minor lead-silver-gold v...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 miningAfter producing a record 640,467oz of gold in 2020, guidance for Fosterville for 2021 was set at 400,000-425,000...Read More
The Kibby Basin lithium project in Nevada is 50km north of ioneer's Rhyolite Ridge project and circa-60km north of Marquee's existing Clayton Valley lithium project.Marquee said a key point was Kibby Basin being fully permitted for water extraction and brine and lithium processing.The Lone Star copper-gold project in Washington State has a relatively modest historical resource.Marquee can earn an...Read More
"Savannah is committed to moving towards the same Scope 1 and 2 net zero emissions goals but doing this in the 2020s and 2030s during the operating phase of its wholly owned Barroso LithiumRead 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 miningThe military junta, which came to power in coup in September 2021, named Moussa Magassouba as mine minister.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 Brazilian miner said the two companies were discussing the most suitable pathways for decarbonisation, "incl...Read More