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
(IDEX Online) - India' gross import of rough diamonds leapt to $9bn from April to September as it bounced back from Covid.That's a rise of 255 per cent on $2.6bn for the same period during Covid-hit 2020, according to GJEPC (Gems and Jewellery Export Promotion Council). Exports of gems and jewelry increased to $19.3 bn, compared to $8.7bn.Colin Shah, chairman of GJEPC, said, "The sector...Read More
(IDEX Online) - Angelina Jolie wore a 14-carat gold chin cuff to a movie premiere, sparking a social media frenzy.The Hollywood A-lister left onlookers bemused with the $50 piece that loops over the lower lip and fits snugly under the chin. The online community didn't pull its punches. One said: "They must have bets with each other who can start the most ridiculous fads."Another po...Read More
3 things that help keep capital projects on trackSPONSOREDproudfootAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningConcession and pre-construction accelerates world class Potash MineSPONSOREDhighfield resourcesJust over a year ago in September 2020, Maroš Šef??ovi??, vice-preside...Read More
3 things that help keep capital projects on trackSPONSOREDproudfootAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningConcession and pre-construction accelerates world class Potash MineSPONSOREDhighfield resourcesCorani mayor Edmundo Cáceres Guerra led a delegation of local leaders express...Read More
The first reported hole of thirteen drilled this summer into exploration targets on the Casault property in northwestern Quebec returned 2 metres grading 6.85 grams gold per tonne starting from a depth of 254.4 metres, Wallbridge Mining (TSX: WM) says."We thought the Casualt property is a prospective area and that's why we optioned it from Midland Exploration, and our first hole hit mineralization...Read More
NorZinc (TSX: NZC; US-OTC: NORZF) has released a new preliminary economic assessment (PEA) for its 100%-owned Prairie Creek zinc-lead-silver project 200 km west of Fort Simpson in the Northwest Territories. The PEA uses an updated resource estimate, a higher mining rate of 2,400 tonnes per day, and a mine plan with a mine life of 20.3 years.Resources were calculated for the Main Quartz zone, stock...Read More
Monarch Mining (TSX: GBAR; US-OTC: GBARF) has discovered shallow gold mineralization 1 km south of its McKenzie Break deposit in Quebec, about 35 km north of Val-d'Or.The discovery has the potential to be a 'game changer' according to president and CEO Jean-Marc Lacoste."It has similar geological characteristics and follows a clear high MAG trendline over the 1 km stretch from the [main] deposit,"...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD), the world's second-largest producer of the precious metal, warns that mining at its Pueblo Viejo operation in the Dominican Republic could finish this year if a new tailings storage facility (TSF) doesn't get approved. Mining at Pueblo Viejo, a 60-40 joint venture with Newmont (TSX: NGT; NYSE: NEM), depends on the possibility of building a new tailings...Read More
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has joined the rising chorus of companies and analysts warning of an imminent and "significant" supply gap for lithium, as demand for the metal used in electric vehicles (EV) and green technologies continues to soar. The world's second-largest miner, which greenlighted in July the $2.4 billion Jadar lithium project in Serbia, believes the supply gap...Read More
Sierra Gorda might rank as Chile's 11th biggest copper mine but it has had a lousy reputation since production got going in 2014, something that the 55% operator - Poland's KGHM - has only been ableRead More
I'm increasingly sure that what we're seeing in the labor market will define the next several decades.I'm already convinced that what we're seeing is something none of us, especially those in any position of power, are equipped to handle.This is nothing short of a war of attrition. Can the fringes of the labor market affect real change? Can businesses rein in, or even just define, the profound mi...Read More
It was a very strange moment when this week the spokesperson for the president defended inflation as a high-class problem. She explained that higher prices are merely a sign that economic activity is picking up. People are buying things and that's good. Of course that pushes up prices, she said. Just deal with it.At this point, the White House will say anything. Truth, facts, morality - these thin...Read More
Let them munch cake...The White House chief of staff - a certain Ron Klain - recently blessed a statement by Harvard economics instructor Jason Furman.This statement declared inflation and supply chain delinkings “high class problems”:Incidentally... this is the identical Ronald Klain who objected to Trump tax cuts this way:Will [they] hold up a Campbell Soup can and argue that price i...Read More
Blue Star Gold Corp. provides an update on its 2021 exploration pRead full newsRead More
Green Battery Minerals Inc. is pleased to announce that it has reRead full newsRead More
Extensive Exploration Conducted Throughout the Summer to DevelopRead full newsRead More
Anglo-Australian miner Rio Tinto announced on Wednesday a $7.5 billion plan to reduce carbon emissions by 50% by 2030, a reduction three times greater than its previous target, but shares fell as investors reacted to the higher spend.Read full newsRead More
Major economies will produce more than double the amount of coal, oil and gas in 2030 than is consistent with meeting climate goals set in the 2015 Paris accord to curb global warming, the United Nations and researchers said on Wednesday.Read full newsRead More
It closed at $10,487.50/t, returning towards the price for three-month copper, which was down 0.46% to $10,149.50/t."We expect volatility to remain in the near term given such market uncertainty - think low stocks, uncertain delivery times thanks to shipping and other logistical issues," Marex's Al Munro said from the LME desk.Nickel has climbed further above $20,000 per tonne, with cash nickel up...Read More
The study, completed using a US$100 per tonne price, suggests the current 10.4Mt grading 60.4% inferred resource can be recovered from multiple open pits within eight years, assuming a 1.Read More