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
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 majority of holes released were from the Saddle Zone between the existing Main Pit and planned West Pit locations, which currently has no re...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 miningForrest met with world leaders including US president Joe Biden, US special presidential envoy for climate John...Read More
Highlights included 231.3m grading 1.22 grams per tonne including 2.1m grading 44g/t.Read More
Barrick struck agreements with Red Lake Gold and Dixie Gold which have respective land positions to the west and north of Great Bear's Dixie.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 mineralsIron ore futures in Singapore dropped 7.2% to US$93.05 a tonne, Bloomberg reported."Copper, nickel and aluminium fell al...Read More
But investors would do well to remember the lessons of the 2010-12 bull market when rare earth prices reached far above their current levels.Read More
(IDEX Online) - Gabriel & Co has been named best-performing brand in a survey of over 350 independent US jewelers, for the fourth consecutive year.The New York-based jeweler was founded in 1989 by brothers Jack and Dominick Gabriel, after they were apprenticed to their father Elias, a master jeweler.Stuller and Allison-Kaufman took second and third places, as they did in 2020.The survey was pa...Read More
Month-on-month prices dipped slightly by 0.2 per cent in October, as they did in September, which would appear to indicate the start of a downwards trend. Prior to that, prices had been rising since March. They peaked with a 2.2 per cent increase in June, but slowed during July and August. IDEX Online subscribers please click here to read the full report. Read More
(IDEX Online) - De Beers has launched a new campaign to promote diamonds, expanding "I do" beyond its traditional wedding context to include any kind of personal pledge.It has also resurrected the iconic "A Diamond Is Forever" tagline for the first time since the 1990s and emphasized the importance of sustainability. "Today we see a new generation of consumers who wish to communicate a wider...Read More
The nature of those discussions weren't disclosed though it would be fair to assume that at least some reference will be made to some of PDI's granted tenure being "within the Outer Buffer Zone of theRead 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 miningBy the time he steps down in April 2022, Cutifani will be nearly 64 years of age and have spent nine years as CE...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 miningThe company said its 2MW pilot truck was being assembled in South Africa, describing it as "a world first" - a z...Read More
Asiamet has signed a heads of agreement to sell a 51% stake in BKM to locally-listed contract miner PT Delta Dunia Makmur (DOID) in exchange for US$50 million in funding, to be delivered in four tranches.Total capex is estimated at US$232 million, of which US$32 million is contingency."The Asiamet board endorses and fully supports the proposed transaction which establishes a clear path for the fin...Read More
The platform, launched two years ago by Marex and Earth-i, monitors up to 90% of global smelting capacity for copper and nickel.It said the global dispersion index for copper rose from 49.3 in September to average 52.2 in October.A reading above 50 indicates greater activity levels than usual.In nickel, the index rose from 41.1 to 46, with the Americas rebounding to 55.6 as both Sudbury smelters r...Read More
Kenorland Minerals (TSXV: KLD) has closed a $5.2 million (US$4.2 million) strategic investment from Sumitomo Metal Mining Canada.Under the financing, Sumitomo purchased approximately 5.21 million common shares of Kenorland at $1.00 each, giving Sumitomo about 10.1% of the company's share capital.A majority of the financing proceeds (80%) will be allocated to Kenorland's exploration activities, w...Read More
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has begun talks with Australian billionaire Andrew Forrest's Wyloo Metals concerning the imminent takeover of Canada's Noront Resources (TSX-V: NOT), as part of a truce in the companies battle to acquire the nickel producer.The world's biggest miner last month sweetened its all-cash offer for Noront to 75 ? per share, overtaking Wyloo's 70 ? which granted it the...Read More
Anglo American (LSE: AAL; US-OTC: NGLOY) has named head of strategy Duncan Wanblad as its next chief executive officer, succeeding Mark Cutifani who will step down after nine years at the post.The appointment of 54-year old Wanblad hints of a continuation in the line of management at the more than 100-year-old miner. The new boss has spent his whole career at Anglo American and has been key in man...Read More
Here at The Daily Reckoning, we are under bonds...We are under bonds - that is - to deliver you "the story that's not being told."That is, we are under bonds to bring you the story untold in the mainstream media.The untold story is often the untapped gold mine. And we would have our readers discover gold.Have we unearthed the untold story? Have we handed you directions to a gold mine?We have alert...Read More
You may have noticed that we here at Outsider Club have not published anything really about mask or COVID-19 vaccine mandates.In fact, we've only published the term "vaccine mandate" once, and it was used only in passing.And that isn't because each of the editors don't have their own opinions about these mandates. Because, like everyone, of course we do.Nor was this something we planned. We didn't...Read More
Glen Eagle Resources, October 26, 2021 (TSX VENTURE: GER) ("Glen Eagle" the "Company", or "GER") is pleased to announce that it is completing the 2000 meters drilling program previously reported in a News Release dated May 7, 2020. The program was initially prepaid and has been reactivated with 1000 meters left for completion.Read full newsRead More