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
The world got a lot less funny last week...Norm Macdonald - perhaps my favorite comedian of all time - died after a private battle with cancer. That term "battle" is thrown around a lot in these situations, and it's only natural that Norm had already used it in a joke. "In the old days, a man could just get sick and die. Now, they have to wage a battle," Macdonald said in one of his last stand-up...Read More
A federal judge allows suit to proceed, as the state says run-off from the mine is seeping into Okanogan water sources.Read full newsRead More
"The question asked is whether Evergrande [will] decide to fully liquidate or restructure?" Pepperstone head of research Chris Weston said."This could have an effect on contagion risk and push markets into a new volatility regime."Gold was up more than US$10 an ounce from this time yesterday to $1,764/oz on the spot market.Meanwhile base metals fell on the London Metal Exchange, where copper lost...Read More
The update features increased use of long-hole stoping mining to reduce all-in sustaining costs by 29% to US$0.47 per pound. This drives a 38% increase in net present value to $107.Read More
The theme of this year's event was ‘A Brave New World' with discussions around ESG and technology. The panel touched on recent sexual assault allegations in Pilbara mine camps.Read More
Share this article VANCOUVER - Copper Fox Metals Inc. [CUU-TSXV, CPFXF-OTC] on Monday released the results of a preliminary economic assessment (PEA) for the Schaft Creek copper-molybdenum-gold-silver project in northwestern British Columbia.PEA highlights include a smaller project footprint and the ability to access hydroelectric power from the existing provincial power grid, factors that are ex...Read More
Share this article VANCOUVER - Red Pine Exploration Inc. [RPX-TSXV] shares rallied Monday after the company released new and notable results from drilling at its 100%-owned Wawa Gold Project, located two kilometres southeast of Wawa, Ontario.Exploration highlights include the discovery of a high-grade gold mineralization in the Jubilee shear zone more than 400 metres downdip of the current boun...Read More
(IDEX Online) - A gang smashed glass cabinets then fled with jewelry and Rolex watches in a lightning raid that was over in just 20 seconds.At least seven hooded thieves targeted Infinity & Co jewelers at a mall in Daly City, San Mateo County, California, USA, last Wednesday evening. "They all came at the same time and start hitting our cases," manager Grace James told local TV station KP...Read More
(IDEX Online) - Pandora aims to double its revenues in the US and triple them in China as it enters a "new chapter of growth".The Danish jeweler, best known for its charm bracelets, will build a huge new factory in Vietnam to supplement current production in Thailand. It said it would be investing $160m expanding its manufacturing facilities to produce an additional 80m pieces a year.The comp...Read More
(IDEX Online) - Operators of the Catoca diamond mine, in Angola, is insisting it is not to blame for a toxic leak that killed 12 people in the neighboring Democratic Republic of Congo (DRC).It has been collecting water samples since Thursday and says laboratory tests will prove it was not responsible."The results of this expedition aim to refute the accusations made by the Democratic Republic of C...Read More
Future remains golden for Rox ResourcesSPONSOREDrox resourcesOzAurum drills in home of goldSPONSOREDozaurum resourcesCan copper turn greener?SPONSOREDmarimaca copperFirefly shines as new era loomsSPONSOREDfirefly resourcesThe theme of this year's event was ‘A Brave New World' with discussions around ESG and technology. The panel touched on recent sexual assault allegations in Pilbara mine ca...Read More
Equinox Gold (TSX: EQX; NYSE: EQX) has released the prefeasibility study for the expansion of its 100%-owned Aurizona gold mine in Brazil. The plan covers mining underground and satellite open pit deposits as well as the Piaba pit, nearly doubling the mine life to 11 years.Peak production will be 160,000 oz. of gold annually from 2026 to 2029, and the life-of-mine average will be 137,000 oz. an...Read More
Quebec-focused project generator Azimut Exploration (TSXV: AZM) expects the mineralized intrusion underpinning the Patwon discovery of 2019 to widen and increase in grade at depth, president and CEO Jean-Marc Lulin tells The Northern Miner."There was plenty of visible gold evident in the core samples recovered from the June drill program, but for which results remain outstanding," Lulin said on a...Read More
Kenorland Minerals (TSXV: KLD) announced that it has entered into a property option agreement with Barrick Gold (TSX: ABX; NYSE: GOLD) with respect to the company's South Uchi project in Ontario.Under the option agreement, Barrick can earn an initial 70% interest in the project by spending a total of $6 million on mineral exploration within six years, of which $3 million are guaranteed expenditure...Read More
The S&P/TSX Composite Index fell 142.7 points or 0.69% to finish the September 13-17 trading week at 20,490.41. The S&P/TSX Global Mining Index fell 4.83 points or 4.76% to 96.75 and the S&P/TSX Base Metals Index dropped 8.07 points or 4.77% % to 161.18. The S&P/TSX Global Gold Index fell 7.03 points or 2.50% to 274.05 and spot gold fell US$33 per oz. or 1.85% to US$1,753.80 per ounce.Lithium Amer...Read More
The Dow Jones Industrial Average dropped 22.84 points or 0.07% to finish the September 13 to September 17 trading week at 34,584.88 and the S&P 500 fell 25.59 points or 0.57% to 4,432.99. Spot gold declined US$33 per oz. or 1.85% to finish at US$1,753.80 per ounce.Mosaic topped the list of gains with its shares rising US$1.83 to US$33.61. The fertilizer giant reported August sales volumes and reve...Read More
The S&P/TSX Venture Composite Index fell 16.52 points points or 1.83% to finish the September 13-17 trading week at 886.83. Spot gold fell US$33.00 per oz. or 1.85% to US$1,753.80 per ounce.Uranium Royalty climbed $1.48 per share to $5.88. The company said it is entering contracts for three spot purchases totaling 300,000 lb. of U308 at an average cost of US$38.17 per pound. The deliveries are sch...Read More
This year so far has seen a series of milestone events unfold for Appia Energy's (CSE: API) Alces Lake property in Saskatchewan - one of the highest-grade critical rare earth prospects in the world.In August of 2021, Appia Energy acquired another 18,105 hectares (44,738 acres) of land contiguous to the claim block at Alces Lake, increasing its 100% owned landholdings to 35,682.2 hectares (88,172.7...Read More
On the morning of May 18, 2020, an earthquake measuring 4.1 on the Richter scale rocked northern Sweden, inflicting serious damage to the century old LKAB iron mine in the town Kiruna, forcing the company to suspend operations. Five days later, production had resumed, albeit at 30% capacity.That swift recovery was due, in no small part, to 30 surveys conducted at depths of 1,200 metres by a drone-...Read More
Future remains golden for Rox ResourcesSPONSOREDrox resourcesOzAurum drills in home of goldSPONSOREDozaurum resourcesCan copper turn greener?SPONSOREDmarimaca copperFirefly shines as new era loomsSPONSOREDfirefly resourcesThe Read More