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 ZylLeadershipNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldPolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsSumitomo's investment at $1 per share gives it a 10.1% stake in Kenorland, which has a series of deals with mining major...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 miningBy the time WA Kaolin was listed on the ASX in November 2020, valued at A$56.Read More
(IDEX Online) - A pair of blue diamond cluster earrings - 3.06 carats and 2.61 carats - are being offered with a high estimate of $8m at Sotheby's Hong Kong. Both pear modified brilliant-cut gems are GIA-certified as fancy vivid blue color, VS2 clarity.They are set with pear, oval and round diamonds, in platinum and gold, and signed DM (David Morris). Also in the sale is a 3.3...Read More
(IDEX Online) - A 26.80-carat sapphire brooch and matching earrings that were smuggled out of Russia during the 1917 revolution are to be sold at Sotheby's Geneva.The gems (pictured) belonged to Grand Duchess Maria Pavlovna, of the Russian royal family, and were part of a large collection spirited away by a British diplomat.Bertie Stopford disguised himself as a workman and made his way to Lo...Read More
(IDEX Online) - Alrosa says it will hold more frequent sales of polished diamonds after its latest auction raised almost $13m.The Russian miner sold 98 per cent of the gems offered, weighing over 1,400 carats, during September and October.The auction featured 49 exceptional polished diamonds weighing up to 28 carats, said Alrosa, as well as 284 diamonds weighing up to 17 carats - colorless, fancy...Read More
The company said the expansion was expected to reach its original budgeted spend of US$5.3 billion this month.In December, Rio announced an updated budget of $6.75 billion, but Turquoise Hill has since warned that up to a further $1 billion could be added to that.BMO Capital Markets is forecasting a total cost of $7.2 billion.The board of Oyu Tolgoi LLC, which also includes representatives from 34...Read More
But to the disappointment of the market, the lithium black box has remained just that, making it near impossible for IGO shares to be priced with precision.Read More
TSX, NYSE and LSE-listed Taseko, which operates the Gibraltar mine in British Columbia, reported revenues of C$135.6 million, an increase of 54% yoy. Adjusted net income was C$27.0 million, compared to a loss of C$5.8 million in Q3 2020.Taseko benefited from the recent run up in copper prices. "Copper prices in the third quarter averaged US$4.25 per pound and are currently around US$4.30 per pound...Read More
Sherritt International (TSX: S) is making plans to expand production and lengthen the life of the Moa nickel-cobalt mine in Cuba. Moa is a joint venture of Sherritt (50%) and General Nickel Co. of Cuba (50%).The plan calls for a multi-phased approach, and work will include a new slurry preparation plant and expansion of other circuits at the mill. Existing equipment at Sherritt's 100%-owned refine...Read More
Capstone Mining (TSX: CS) has received final approvals from the U.S. Forest Service for a new mine plan for the Pinto Valley copper mine 125 km east of Phoenix, Arizona. The mine life is extended 28 years to 2039, during which time it is expected to produce 2.5 billion lb. of copper.The mine is located in the Tonto National Forest and gaining approval for the changes took five years.Capstone compl...Read More
Otso Gold (TSXV: OTSO) has restarted production and completed the first gold pour at its namesake mine operation located near the town of Raahe in central Finland.The restart of production and the gold pour is the culmination of the completion of all the preparatory works and the hiring and training of over 140 full-time staff now on site with a further 128 contractors retained to provide permane...Read More
The Canadian Mining Hall of Fame will welcome five new members at a gala dinner and induction ceremony on August 18, 2022 at the Palais Royale Ballroom in Toronto. A limited number of tickets will go on sale for the event next year. The Northern Miner is a co-founding member organization of the Canadian Mining Hall of Fame, along with the Canadian Institute of Mining, Metallurgy and Petroleum, T...Read More
Canada's B2Gold (TSX: BTO; NYSE-AM: BTG) remains optimistic about solving an impasse with the government of Mali, which refused in March renewing the miner's permit for its Menankoto exploration project, located 20 kms north from its flagship Fekola gold mine.Since beginning its activities in Mali in 2014, B2Gold had enjoyed a "positive and mutually beneficial relationship" with the country's go...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 August inferred resource was 426 million tonnes grading 0.367% total copper containing 3.45 billion pounds o...Read More
Is the move toward central bank digital currencies real? And, if so, is it the first step toward a global reserve currency that will replace the dollar and euro as currencies of choice in reserve positions of major economies?Well, yes and no.Before I expand on that answer and explain the impact central bank digital currencies will have on the more familiar world of foreign exchange, it's helpful t...Read More
Once upon a time, way in the way back, I wrote one of my first articles for what would become the Outsider Club.It all hinged around one chart, one federal judge's ruling, and a "gray market" industry that is now legit and soaring beyond what anyone could anticipate.Here is that chart, and we'll get right into what it means, why it mattered, and what it means for us today as investors.As the feder...Read More
Mako Gold Limited (Read full newsRead More
Claudio Chisani, investment advisor with BlueShore Wealth and portfolio manager with Credential Securities, joins BNN Bloomberg to discuss how investors can hedge against inflation and why he sees opportunity in ProShares Inflation Expectations ETF, Pan American Silver and Coinbase.Read full newsRead More
TSX Venture Exchange Trading Symbol: KLD Kenorland Minerals Ltd.Read full newsRead More
Share this article TORONTO - Agnico-Eagle Mines Ltd. (AEM-TSX, AEM-NYSE) has released an update on its 2021 exploration program, saying it plans to spent $163 million on exploration this year, marking the highest amount in the company's history.At its operating mines, Agnico expects to replace about 50% of its 2021 reserve depletion (implying about 1.1 million ounces of gross reserve additions),...Read More