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) - Miners in Australia have unearthed the world's second ever Matryoshka or Russian doll diamond. The 0.844-carat flat, triangular gem has a cavity that contains another tiny diamond, reckoned to be just 0.001-ct, which can freely roll around inside.It was discovered by India Bore Diamond Holdings (IBDH) in the southern part of the Ellendale alluvial deposit, in Western Aust...Read More
(IDEX Online) - Dubai's Diamond Exchange has sold its most expensive rough stone ever - a 118.58-ct diamond that went for just over $5.21m.It was the highlight of the Trans Atlantic Gem Sales (TAGS) October tender, which raised a total of $35.57m.The record-breaking diamond is described as being of "exceptional color and clarity". The price paid per carat was $44,004.TAGS sold 88.9 per cent o...Read More
(IDEX Online) - Al Capone's diamond-encrusted platinum Patek Philippe pocket watch has sold for for $229,900, way above its $25,000 to $50,000 estimate.The watch - no longer working - is set with 90 single cut diamonds (.02-ct each / VS / EF).The condition report said: "Not working at present time. Dial is yellowed. Missing minute hand. Some rust on center post."It was among 174 lots sold by...Read More
September iron ore shipments dropped 2% year-on-year to 83.4 million tonnes, but were up 9% quarter-on-quarter. Shipments for the first nine months of 2021 were down 2% to 237.5Mt.Read More
Share this article VANCOUVER - i-80 Gold Corp. [IAU-TSX; IAUCF-OTCQX], together with its wholly owned subsidiaries Goldcorp Dee LLC and Au-Reka Gold LLC, has completed the transactions contemplated by the previously announced asset exchange agreement with Nevada Gold Mines LLC (NGM). Under the exchange agreement, i-80 Gold acquired from NGM, by way of an asset exchange, the Lone Tree and Buffalo...Read More
In its third quarter update on Thursday, Canada-based TRQ, which is 50.Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadership3 things that help keep capital projects on trackSPONSOREDproudfootAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsThe company said the drilling results are supportive of efforts to evaluate the potential for increasing production volume through th...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 resourcesSeptember iron ore shipments dropped 2% year-on-year to 83.4 million tonnes, but wer...Read More
Demand for 'green energy' metals like copper, nickel, lithium, and cobalt has risen sharply, driven by the global move to lower carbon emissions and electric vehicle makers chasing battery ingredients. On October 13, Tesla inked a multi-year nickel supply deal with New Caledonia's Prony Resources, which will give the EV maker roughly 42,000 tonnes of the metal, making it the miner's largest custom...Read More
Hochschild Mining (LSE: HOC) has informed Skeena Resources (TSX:SKE) of its intention to take over operatorship of the Snip gold project and begin spending to earn 60% of Skeena's interest, as per an agreement signed in September 2018.The Snip project, located in British Columbia's Golden Triangle, is a past-producing mine acquired by Skeena from Barrick Gold (TSX: ABX; NYSE: GOLD) in 2017. The pr...Read More
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) secured key backing for its climate transition strategy despite concerns that the long-term plan to tackle customers' greenhouse gas emissions did not go far enough. At its annual general meeting in London, the world's largest miner's climate change roadmap won an 83% support - a much stronger outcome than the knife-edge result some analysts had predicted....Read More
Alrosa (MCX: ALRS), the world's top diamond miner by output, warned that global stocks of roughs are nearing multi-year lows, as demand continues to increase with not meaningful supply response from miners.The Russian producer, which posted results for the three months to Sep. 30, said it had sold 9.2 million carats in the period. That's a 20% drop from the previous quarter, which Alrosa attri...Read More
Canadian companies Nano One Materials (TSX: NANO) and Euro Manganese (TSX-V, ASX: EMN) have joined forces to develop what they call "economically viable and environmentally sustainable" applications of high-purity manganese. In detail, the firms have entered into a joint development agreement under which Euro Manganese will develop manganese products for use in cathode materials made by Nano One....Read More
"We are seeing a number of majors looking at Argentina, pressing their noses against the window and looking at Los Azules.Read More
A lot of people snickered when the Space Force was first introduced - both officially and as a concept.Even now, a lot of people still don't understand what it does or is intended to do.They imagine it's something like Star Wars, with spacecraft shooting lasers at each other or conquering distant planets.But that's not it at all.In reality, space isn't the same kind of warfare domain that land, se...Read More
Nobel Resources Corp. is pleased to announce that the Company, thRead full newsRead More
Edgemont Gold Corp. is pleased to announce that it has successfulRead full newsRead More
"In response to the surge in energy prices, Nyrstar will curtail production further at its three European smelters, reducing production by up to 50% from today," the company, whose operating business is majority owned by commodities trader Trafigura, said.Spot zinc gained almost 5% and zinc for three-month delivery rose 4.24% to US$3,401.50 per tonne on the London Metal Exchange.Gold returned towa...Read More
This would make Ayawilca the largest primary zinc producer in South America and a top-10 global zinc producer.Read More
Share this article VANCOUVER - Constantine Metal Resources Ltd. [CEM-TSXV; CNSNF-OTCQX] provided a summary of the summer field activities and available assay results from its 2021 drill program at the Palmer joint venture project, Alaska. Palmer is a joint venture between Constantine (about 46.6%) and Dowa Metals & Mining Co. Ltd. (about 53.4%) with Constantine as operator.Two diamond drill rigs...Read More