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) - A ring with diamonds and a giant 8.11-ct pigeon's blood ruby - so-named because of its vivid crimson hue - is to be sold by Christie's Hong Kong with a high estimate of $4.5m.It will lead the Magnificent Jewels Auction on 28 November.The sale features additional high-value pigeon blood rubies - a pair of earrings with gems weighing 5.19-cts and 5.03-cts, and a high estima...Read More
(IDEX Online) - A diamond tech company is introducing laser inscriptions below the stone's surface, to deter fraud.That means the unique identifier can't be removed without dramatically altering the stone.US-based PhotoScribe Technologies says the subsurface technology it's using was developed some years ago but was "a solution looking for a problem".Its newly-launched PermaScribe p...Read More
The new resource is 39.1 million tonnes grading 1.20% copper, 2.16% zinc, 0.41 grams per tonne gold and 14g/t silver for a 2.04% copper equivalent containing 1.03 billion pounds copper, 1.Read More
3 things that help keep capital projects on trackSPONSOREDproudfootAmerican Pacific building US copper positionSPONSOREDamerican pacific miningConcession and pre-construction accelerates world class Potash MineSPONSOREDhighfield resourcesAntipa demonstrates high CalibreSPONSOREDantipa mineralsThe Land Use Planning Commission (LUPC) of the Department of Agriculture, Conservation & Forestry of M...Read More
Owned 55% by Polish miner KGHM, Sierra Gorda is an open cut operation that's currently milling ore grading about 0.Read More
Australia's South32 (LSE: S32; ASX: S32) has acquired almost half of the vast Sierra Gorda copper mine in northern Chile, majority-owned by Polish miner KGHM (WSE: KGH) for US$1.55 billion in cash plus a contingent price-linked consideration of up to US$500 million over the 2022 through 2025 fiscal years. Japan's Sumitomo Metal Mining and Sumitomo Corp, which together hold a 45% stake, had said...Read More
The Canadian Mining Hall of Fame welcomed five exceptional individuals during its thirty-third annual induction ceremony and gala dinner in August at the Aga Khan Museum in Toronto. The careers of industry giants Patricia Dillon, David Elliott, William Gladstone Jewitt, Steven D. Scott, and Mary Edith Tyrrell were celebrated for their contributions to the mining industry. The event was held outdoo...Read More
Foran Mining (TSXV: FOM) has updated the indicated resource at its 100%-owned McIlvenna Bay copper-zinc project in east-central Saskatchewan, reporting a 70% increase in indicated tonnage. Foran is working towards completing a feasibility study for the project before the end of the year.McIlvenna Bay sits just 65 km from Flin Flon, Manitoba and is part of the Flin Flon Greenstone Belt, which ext...Read More
Australian lithium developer Lake Resources (US-OTC: LLKKF; ASX: LKW) is forming a partnership with California-based Lilac Solutions for technology and funding to develop its flagship Kachi lithium brine project in Argentina.The partnership comes after extensive test-work, and will see Lilac Solutions provide its proprietary technology, engineering teams and an on-site demonstration plant to help...Read More
Chile will open a tender for the exploration and production of 400,000 tonnes of lithium in an effort to reclaim market share and meet growing demand for the metal used in electric vehicles and high-tech devices. The copper-producing nation, which holds the world's largest known lithium reserves, said it is preparing bidding rules available to local and foreign firms for five quotas of 8...Read More
3 things that help keep capital projects on trackSPONSOREDproudfootAmerican Pacific building US copper positionSPONSOREDamerican pacific miningConcession and pre-construction accelerates world class Potash MineSPONSOREDhighfield resourcesAntipa demonstrates high CalibreSPONSOREDantipa mineralsDespite global output growth for 2021 remaining near the top end of historical outcomes, the IMF's latest...Read More
The United States Department of Labor informs us:September consumer prices trampolined to the highest annual level in 13 years… to 5.4%.Energy prices are 1.3% costlier - and nearly 25% costlier since September last.Eating costs 0.9% more since last month - and 4.6% for the year.Eggs and various meats are 10.5% dearer this year. Specific meats - beef - are 17.6% dearer this year.If it is expl...Read More
Yesterday morning, the Biden administration came out swinging with a plan to stop the ever-worsening shipping issues in America.Too bad the plan won't do anything of the sort.For better or worse, presidents cannot really do much about the economy in the short term, and this is a prime example.Even if there is some progress, it will come with a steep cost elsewhere.Here's the situation...The big pa...Read More
Tavsan is being developed by local player Zenit Madencilik, in which Ariana holds a 23.5% stake.Read More
By Chris Wack Sabre Gold Mines Corp. said it continues to see progress at its 100%-owned Copperstone gold mine located in Arizona, and its Brewery Creek gold...Read full newsRead More
Ruins of the former Bullfrog Jail, one of the few remnants still standing in the old mining camp of Bullfrog.Bullfrog boasted just about the best name ever for a Nevada mining camp.How it came to have that name, however, isn't as clear. Historians sRead full newsRead More
Research shows the US taking the top spot for global mining following a crackdown in China.Read full newsRead More
An up-channel chart pattern has formed in the chart of Equinox Gold Corp (EQX). If the stock breaks above its trendline resistance, a breakout is expected. Read more to learn how to profit from this trade.Read full newsRead More
TORONTO, Oct. 13, 2021 (GLOBE NEWSWIRE) -- The latest assay results from a regional exploration program confirm the continuity and down dip extensi...Read full newsRead More
VANCOUVER, British Columbia, Oct. 13, 2021 (GLOBE NEWSWIRE) -- Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF) ("Sabre Gold" or the "Company") is ...Read full newsRead More