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) - Rhianna dazzled in over 267 carats of Bulgari high jewelry and archival diamonds when she appeared at the highlight event of New York's social scene. She wore three necklaces by the iconic Italian jeweler to the Met Ball - annual fundraiser for the Metropolitan Museum of Art's Costume Institute - together with a dramatic black enamel ring by Thelma West a...Read More
Carroll said projects include installing a third ball mill and expanding the crushing operation. He also said the company has exploration upside.Read More
Rio Tinto can earn up to 75% of Arcas by spending US$25 million on exploration, under a 2019 deal.Arcas is in the Antofagasta region and is under-explored despite being adjacent to a major mineral belt, AbraSilver said."Having partnered with Rio Tinto, one of the world's largest and most successful mining and exploration companies, provides a significant opportunity for AbraSilver to unlock additi...Read More
Analysts at CIBC, Canaccord Genuity, Raymond James and BMO Capital Markets raised their target prices on Teck Resources (TSX: TECK.A/B; NYSE: TECK) following the diversified miner's September 21 Investor Day, during which the company highlighted the growth of its copper pipeline and its massive Quebrada Blanca (QB) 2 project in Chile.The company confirmed first production at QB2 is expected in the...Read More
Ridgeline Minerals (TSXV: RDG; US-OTC: RDGMF) has executed an earn-in agreement on its 75 sq. km Swift gold property in Nevada with Nevada Gold Mines (NGM), a joint venture between Barrick Gold (TSX: ABX; NYSE: GOLD) and Newmont (TSX: NGT; NYSE: NEM). Under the deal, NGM may acquire an initial 60% interest in the project for a minimum of US$20 million (of which US$4 million is guaranteed) in qual...Read More
The Bank of America's global research team is lowering its price forecast for iron ore fines in 2022 by 45% to US$91 per tonne (down from its previous forecast of US$165 per tonne) on the back of enforced steel production cuts in China. Beijing's restrictions on steel output are driven by its goal of driving down emissions.For this year BofA has cut its price forecast by 16.6% to US$157 per tonne...Read More
China's president Xi Jinping has pledged to stop backing new coal power plants overseas a move that would cut off a key source of financing for projects involving the dirty fossil fuel."China will step up support for other developing countries in developing green and low-carbon energy, and will not build new coal-fired power projects abroad," Xi told the United Nations General Assembly. While...Read More
Physical gold bullion is a great hedge for investors seeking protection from dollar-based investments, especially in times of falling stock prices.Bullion coins and bars are relatively affordable, liquid, anonymous, and easy to secure.But in today's highly competitive retail market, there are several costly mistakes investors can make when buying gold bullion.Mistake No. 1: Buying Collectible (Or...Read More
Gold mining stocks are under strong pressure.Read full newsRead More
Founded by Adriatic co-founder Milos Bosnjakovic, with early backing from RFC Ambrian associates Quadratura Investments, Lykos is looking to raise A$10-12 million at 20c to fund a program that willRead More
Future remains golden for Rox ResourcesSPONSOREDrox resourcesOzAurum drills in home of goldSPONSOREDozaurum resourcesCan copper turn greener?SPONSOREDmarimaca copperFirefly shines as new era loomsSPONSOREDfirefly resourcesSpeaking at the 35th edition of the biennial event organised by the Institute of Mining Engineers of Peru, Gutierrez said the environment of rising metal prices presents the coun...Read More
Mining Journal's Paul Harris speaks to Western Copper and Gold, President and CEO Paul West-Sells about their large Casino project, located in the politically stable Yukon Territory, including bringing Rio Tinto as a strategic investor and moving the project to a feasibility study.The organisation holds significant gold, copper and molybdenum resources and reserves in its Casino Project located in...Read More
The Mining Association of Canada (MAC) has welcomed the Liberal Party of Canada's federal election victory, giving prime minister-designate Justin Trudeau another term in office.The Liberal platform included measures to position Canada's mining industry to maximize emerging opportunities in critical minerals and battery electric vehicles and markets.The proposed doubling of the Mineral Exploration...Read More
A new collaboration between Curtin University and The Australian National University (ANU) aims at helping Australian miners better identify, characterize and extract critical minerals to ensure the long-term viability of the domestic minerals industry.The two universities will combine their expertise and research to assist the industry with ore body characterization, education and training.The jo...Read More
South African precious metals miner Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) announced on Tuesday that two members of a mine rescue team died while searching for a missing worker at its Kloof gold underground operation in South Africa. The company said the two rescuers, part of a six-person team, were "overcome by heat" during the search at the extremely deep mine and died on Sunday...Read More
International Lithium (TSXV: ILC) announced today that it has agreed to sell the company's remaining 8.58% stake in the Mariana lithium salar project in Argentina to a subsidiary of Ganfeng Lithium, its joint-venture partner on the project. The lithium junior will also sell its other rights on the Mariana project, including the right to acquire an additional 10% ownership.As consideration, Ganfeng...Read More
In this week's episode, we discuss recent trends in risk management with Satarla CEO Dr. Sarah Gordon, who gives her views on the importance of sustainability and how miners can better measure their ESG credentials. She also talks about her new online course with Edumine.com, called 'What is mining?', and how it can benefit individuals who want to increase their knowledge of the mining sector....Read More
QC Copper and Gold (TSXV: QCCU; US-OTC: QCCUF) has released a pit-constrained resource estimate for the Opemiska copper project that contains almost 1.2 billion lb. of copper and 815,600 oz. of gold (1.6 million lb. copper-equivalent) in the measured and indicated category.Drill core from QC Copper & Gold's Opemiska project. Credit: QC Copper & Gold.The measured and indicated resources are 81.7 mi...Read More
Copper Fox Metals (TSXV: CUU; US-OTC: CPFXF) has released an updated preliminary economic assessment for the Schaft Creek copper-molybdenum-gold-silver deposits in northwestern British Columbia. Compared with a previous 2013 PEA, the study reduces the project's initial capital cost by about 19% to US$2.7 billion. Schaft Creek is a joint venture of Teck Resources (TSX: TECK A and TECK B; NYSE: TE...Read More
The court ordered the SEA environmental regulator to complete an environmental evaluation of the Cerro Colorado operational continuity project as soon as possible and authorised the company to extractRead More