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
Canada's Centerra Gold (TSX: CG; NYSE: CGAU) says the Kumtor mine the Kyrgyz government had expropriated in May has underperformed the 2021 mine plan for June through September by 24%.According to Centerra, Kyrgyz officials and the government-imposed 'external management' continue to claim that Kumtor operates normally, but the numbers tell a very different story."In particular, gold output plunge...Read More
Neal Froneman seems laid-back but he's a man in a hurry. The CEO of Sibanye-Stillwater, the largest primary producer of platinum, second-largest primary producer of palladium and a top-tier gold producer, is driving the precious metals giant into the green energy metal space at a pace that makes your head spin.The South African mechanical engineer has orchestrated four major acquisitions of cobalt...Read More
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) is on track to set a record with its 2021 exploration spending. This year's budget is now US$163 million, compared to US$113 million in 2020. The exploration work is focused on expanding reserves and resources at operating mines and pipeline projects. New target areas at LaRonde, Kittila, East Gouldie, Santa Gertrudis, and Hope Bay will also see exploration...Read More
A rising wave of anti-mining protest in Peru, which has paralyzed several operations in the world's second largest copper producing country in the last few months, is already affecting investors' perceptions, authorities warned Tuesday.Julio Velarde, Peru's central bank president, said the country's image as a safe investment destination is at stake. Swearing-in as the bank's leader for five years...Read More
Well before Wyloo Metals began its fight with BHP (NYSE: BHP; LSE: BHP; ASX: BHP) for Noront Resources (TSXV: NOT), the Australian company signed a definitive agreement with Toronto-based junior Orford Mining (TSXV: ORM) for its West Raglan nickel project in Quebec's Nunavik region.The deal, signed in January, sees Wyloo earning up to 80% of the West Raglan project by spending $25 million on explo...Read More
Formed a few years ago, the company has worked up and transformed some unloved copper and gold assets in Brazil into a C$2 billion company that delivers what it claims is an industry-leading 65% return on invested capital from production of around 45,000 tonnes per year of copper and 38,000 ounces a year of gold. Mining Journal spoke with co-founder and CEO David Strang to find out more.Its core s...Read More
Yesterday we alerted you to the marching prospect of a "hidden" global tax, presently gaining pace.It has you centered within its crosshaired sights.Here is natural resources wizard Marin Katusa, in necessary review:There's a new hidden tax that will underpin the global economy just like the internet underpins every single tech company and piece of software today.This is not a hypothetical tax or...Read More
Dear Outsider,I made my friend Spike $5,000 in just three hours...Now, I've made some great gains for my readers in the past: one wrote in saying that he made over $100,000 on one of my recommendations. But I've certainly never made someone that kind of money in just a slice of an afternoon.I do not say this to brag, as many financial writers are all too happy to do. The fact is that the tip I ga...Read More
Novo's focus is to evaluate, acquire and explore gold properties. The Company has an experienced management team in place, which has extensive expertise in identifying properties that have the best potential.Read full newsRead More
Tres-Or Resources Ltd. is pleased to announce commencement of a nRead full newsRead More
Share this article TORONTO - Pedro Resources Ltd. will commence trading on the Canadian Securities Exchange effective at the open of business on Tuesday, Nov. 2, 2021, under the symbol VBN.Pedro is the sole shareholder of Voisey's Bay West Nickel & Cobalt Corp. which owns a 100% interest in 13 prospective mineral licenses, comprising 721 claims (18,025 hectares), 4.5 km south of Vale's Voisey's B...Read More
Share this article TORONTO - Golden Star Resources Inc. [GSC-TSX, GSS-NYSE American, GSR-GSE] said Monday it has agreed to be acquired by Shanghai Stock Exchange-listed Chifeng Jilong Gold Mining Co. Ltd. in a deal worth approximately US$470 million.Under the transaction, Golden Star shareholders will receive US$3.91 per shares (equivalent to $4.85), an amount that represents a 24.1% premium over...Read More
The additional information relates to Caribou protection and effects monitoring, and effects on human health, among other things, which will require the submission of an amendment to the EIS.Read More
The company said incorporating Snowfield could enhance gold reserves, projected annual gold production and payback while also deferring and reducing major capital expenditures associated withRead 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 miningFFI, JCB and Ryze signed a memorandum of understanding over the weekend as the world's leaders gather in the Sco...Read More
Ganfeng did not provide details on price or volumes agreed in the deal, which is effective from January 2022, but said that information would be determined by purchase orders issued by Tesla.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 miningAlthough Millennial entered into a definitive agreement with CATL, its board determined the Lithium Americas a s...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 miningIn what's shaping as a re-run of the market manipulation of the rare earth industry, China has deliberately, or...Read More
(IDEX Online) - A struggling jeweler has been jailed for three-and-a-half years in Hong Kong after being found guilty of conspiring to defraud insurers out of $320,000.Leung Yim-kwan, 41, arranged to pay a criminal accomplice to disappear with a suitcase of gems last April, then called police to say there had been a robbery.She told the District Court she fell into debt after the pandemic struck,...Read More
(IDEX Online) - China's production of lab grown diamonds is down by as much as 15 per cent as the country battles a desperate shortage of electricity.A reduction in output by the world's largest lab grown producer could bump up prices in the weeks before Christmas.China is responsible for around 3m carats a year of the 7m carats lab growns produced globally in a year.But the power-hungry...Read More