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
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
Gran Colombia Gold Corp. announced today that it produced 17,377Read full newsRead More
Interra Copper Corp. is pleased to announce it has completed andRead full newsRead More
The price has been headed higher since April and was last up near $50/lb in mid-2012.Uranium Royalty Corp (TSXV: URC) shot up 23.63% to a multi-year high of C$6.75 on news the royalty company was entering contracts for three additional spot purchases totalling 300,000 pounds of U3O8 at an average cost of $38.17/lb."The supply and demand fundamentals for uranium continue to improve, with demand for...Read More
GlobalData forecast zinc production would amount to 12.8 million tonnes in 2021, and was expected to rise at a compound annual growth rate of 2.1% in the coming years reaching 13.9Mt in 2025.Read More
Share this article VANCOUVER - Yorbeau Resources Inc. [YRB-TSX] said Iamgold Corp [IMG-TSX, IAG-NYSE] has released assay results from drilling on the Lac Gamble zone at the Rouyn gold project in Quebec.The results released Thursday are from seven drill holes covering 1,826 metres and are part of a 2021 program. Highlights include 3.2 metres of 16.1 g/t gold in drill hole GA-21-782, including 1.2...Read More
Share this article VANCOUVER - Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") has partnered with SFU to outfit campuses and student residences with bacteria-fighting antimicrobial copper patches on high-touch surfaces to enhance safety for students and staff as they return this fall.Health Canada-certified Copper Clean?,,? Antimicrobial Surface Patches, manufactured by the...Read More
Share this article VANCOUVER - Labrador Gold Corp. [LAB-TSXV; NKOSF-OTC] reported further high-grade intercepts of near-surface gold mineralization along the Appleton fault zone at its 10%-controlled Kingsway project near Gander, Newfoundland. These holes were drilled as part of the company's 50,000-metre drill program. The Kingsway project is located in the highly prospective central Newfoundl...Read More
The parties made binding offers last week for Minas de Aguas Tenidas, known as Matsa, Bloomberg reported, citing confidential sources.Rumours had started to swirl around Singapore-based trader Trafigura selling out of copper assets earlier this year, as Mining Journal columnist Richard Wachman commented in March.Trafigura had sold 50% of Matsa to the Abu Dhabi sovereign wealth fund Mubadala Invest...Read More
New registrations of global passenger electric vehicles (EVs) surged by 109% year-on-year during the first six months of 2021, Adamas Intelligence has found in a new report.In its report entitled 'State of Charge: EVs, Batteries and Battery Materials', Adamas analysts found 4.16 million new units were registered versus 1.99 million units in the first half of 2020.The increase was driven by surging...Read More
The equity of exploration and development company American Pacific Mining (CSE: USGD; US-OTC: USGDF) surged as much as 18.4% this morning after the company announced late yesterday that it had effectively doubled the size of its Tuscarora land package, in Nevada.The Vancouver-based company has agreed to acquire the assets from project generator Ubica Gold, gaining 77 claims (76 unpatented and one...Read More
Midnight Sun says Rio earn-in speaks for Solwezi qualitySPONSOREDmidnight sun miningFuture remains golden for Rox ResourcesSPONSOREDrox resourcesCashed-up Karora is doubling gold production at a blistering paceSPONSOREDkarora resourcesOzAurum drills in home of goldSPONSOREDozaurum resourcesThe mining industry has been little concerned in recent times with global power rivalries. By and large...Read More
South African precious metal miner Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) has taken a 50% stake in ioneer Ltd's (ASX: INR) lithium-boron project in Nevada for US$490 million. The deal is one of the largest ever in the U.S. lithium market and comes amid rising concerns that, without more investment, demand for the metal could far outstrip supply and delay efforts to combat climate change. It...Read More
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has been hit with a A$379 million (US$277.7 million) bill as part of an ongoing dispute with the Australian Taxation Office (ATO) dating back to 2015.The penalty relates to the denial of interest deductions on an isolated borrowing used to pay an intragroup dividend six years ago. This borrowing was repaid in 2018. Rio Tinto received in March an amended...Read More
Tomorrow the nation celebrates Constitution Day. Rather, tomorrow the calendar acknowledges Constitution Day.Few Americans realize the high day exists. Fewer yet will hoist a cheering toast in honor of the nation's founding charter - the first written constitution in Earth's history.Nor will your seditious editor celebrate Constitution Day.That is not because he scorns or abominates the United Sta...Read More
Dear Outsiders,It was with a heavy heart that I read the news of Michael K. Williams' death earlier this month. For those of you unfamiliar with his work, you need to start with his iconic character Omar Little from "The Wire."It is simply the best character on one of the best shows in all of history. It was set here in my hometown of Baltimore and peeled back the many layers of problems we host:...Read More
Gold mining in Glen Canyon reached a zenith from 1883 to 1912; the canyon had been explored by Native Americans and Spanish explorers much earlier.Read full newsRead More
Canbud Distribution (CSE:CBDX) has entered into a memorandum of understanding with the College of Agriculture, Science and Education (CASE).Read full newsRead More
Power Metal Resources (LSE:POW) shot up by 12% on Wednesday after revealing its entry into the booming uranium market. The ?26.5 million explorer-which is...Read full newsRead More
In the company's interim H1 results released on Wednesday, CAML declared an interim dividend of 8p per share, up 33% year-on-year and representing 40% of free cash flow, which amounted to US$49Read More