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 global metals and mining industry outlook has changed from 'positive' to 'stable' with a new Moody's Investors Service report finding that despite most metals prices exceeding historical marks, that doesn't mean they will improve from current levels.The high current price levels are expected to fade through 2022 despite expected high overall demand for metals and mining throughout the period.I...Read More

Artemis Gold (TSXV: ARTG; US-OTC: ARGTF) has released a feasibility study for its Blackwater gold project, 150 km southwest of Prince George, B.C.The numbers give it a net present value at a 5% discount rate of $2.15 billion after taxes, and a post-tax internal rate of return of 32%.In the first five years of operation, Blackwater will produce 321,000 oz. of gold annually at an all-in sustaining c...Read More

SSR Mining (TSX: SSRM; NASDAQ: SSR; ASX: SSR) says it is drilling excellent grades and long intercepts at its Seabee gold operation, 125 km northeast of La Ronge, Saskatchewan. The project consists of the Santoy gold mine and Seabee processing plant 15 km away by road.The Gap hanging wall (GHW) is being drilled from underground drives at the Santoy mine. Hole SUG-20-920 returned 6.9 metres grading...Read More

In less than 18 months from drilling the discovery hole, Rupert Resources (TSXV: RUP) has released its first resource estimate on the Ikkari gold deposit, part of its Rupert Lapland project in northern Finland.The junior explorer says Ikkari has inferred resources of 49 million tonnes grading 2.5 grams gold per tonne for 3.95 million oz. of contained gold. The estimate included open pit and underg...Read More

Horizonte Minerals (TSX: HZM; LSE: HZM) has nailed down US$146.2 million from export credit agencies in Denmark and Finland to partly fund construction of its 100%-owned Araguaia ferro-nickel project in Brazil.The funds guaranteed by Denmark's Export Credit Agency (EKF) and Finnvera, Finland's Export Credit Agency, will be the first tranche of a senior debt facility. (The terms were not disclosed....Read More

"Here we go again," said Northern Dynasty Minerals (TSX: NDM; NYSE: NAK) president and CEO Ron Thiessen in reaction to the news last week that the Biden administration will reconsider pre-emptively vetoing the company's flagship Pebble copper-gold mine in Alaska.It was "unfortunate that politics continues to interfere with scientific evidence," said Thiessen in a September 10 statement."Under Pres...Read More

OceanaGold (TSX: OGC; ASX: OGC) announced today that restart activities at its Didipio gold and copper mine in the Philippines were advancing ahead of plan, and said it expects to have 65% of its total workforce in place by the end of September and about 90% by the end of the year. The operation has been halted for over two years due to a dispute with a provincial government over the company...Read More

Nickel sulphide deposits are currently the most reliable source for the Class 1 nickel products required to produce battery-grade nickel.As the demand for battery-grade nickel steadily climbs with each passing year, the lack of new nickel sulphide discoveries becomes more acute.According to S&P Global, between 1990 and 2019, of the 10 major sulphide discoveries globally, only Vale's Voisey's Bay i...Read More

Canadian miner Alamos Gold (TSX: AGI; NYSE: AGI) may be considered an intermediate company, but it has shown itself to be a growing player in the precious metals' sector, delivering consistently positive results, increased production and consecutive returns to its shareholders.With three operational gold mines in Canada and Mexico, as well as a number of other development projects, Alamos continue...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 resourcesWhat Andrew Forrest plans for FMG, a business he created and in which he holds a stake of more than 35%, has...Read More

New Gold (TSX: NGD) has cut production guidance at its Rainy River gold mine in Ontario by about 10% because of lower than expected grades. The gold miner now expects Rainy River to produce 240,000-255,000 gold-equivalent ounces this year, down from 275,000 to 295,000 oz. The company signaled last month that its guidance might be affected when it released second quarter results. The...Read More

The September slump is here, and no one is feeling it more than Elizabeth Holmes.In case she fell off your radar, Holmes is the disgraced former CEO of Theranos, the now-dissolved startup that promised fast and accurate results for more than 200 diagnostic tests using a single drop of blood. Remember, folks, if it sounds too good to be true, it usually is.Theranos grew to a $9 billion valuation an...Read More

The Environmental Protection Agency will restore protections for Alaska's Bristol Bay, per a court filing Thursday, a move that will block the construction of a controversial gold and copper mine in the region, the Washington Post reports.Why it matters: The policy shift, which comes in response to a lawsuit filed by natives of the area, will halt the near decade-long project that would have...Read More

The Environmental Protection Agency will restore protections for Alaska's Bristol Bay, per a court filing Thursday, a move that will block the construction of a controversial gold and copper mine in the region, the Washington Post reports.Why it matters: The policy shift, which comes in response to a lawsuit filed by natives of the area, will halt the near decade-long project that would have...Read More

(IDEX Online) - Al Capone's diamond-encrusted platinum Patek Philippe pocket watch is to be auctioned - even though it doesn't work. It's among 174 items - including two guns - being sold by California-based auctioneers Witherell's in a sale entitled A Century of Notoriety: The Estate of Al Capone (Live). The watch owned by the infamous Prohibition-era crime boss is s...Read More

(IDEX Online) - Two suspects have been arrested and five remain at large after a $12m armed heist at Bulgari's flagship store in Paris.One was shot in the leg by police as he fled the store, in the capital's prestigious Place Vendome (pictured) last Tuesday. Other raiders escaped in a grey BMW and on scooters.Officers fired shots at the car, forcing three occupants to try to flee on foot...Read More

(IDEX Online) - Alrosa's rough and polished sales slipped again in August to a 2021 low of $306m (provisional).The Russian miner has resorted to topping up its inventory with rough from the state-run Gokhran as it struggles with record low stockpiles."Our total sales in carats were lower due to a lack of rough inventories available for sale," the company said in a statement.Total sales were $...Read More

EPA will use Clean Water Act to protect the unspoiled Bristol Bay fishery in AlaskaRead full newsRead More

The Environmental Protection Agency will restore protections for Alaska's Bristol Bay, per a court filing Thursday, a move that will block the construction of a controversial gold and copper mine in the region, the Washington Post reports.Why it matters: The policy shift, which comes in response to a lawsuit filed by natives of the area, will halt the near decade-long project that would have...Read More

Spending more than a few minutes on a cable news channel or streaming website is usually an exercise in tedium. But tuning in this week quickly became intolerable.The networks are commemorating the 20th anniversary of the 9/11 attacks. We've had an endless parade of survivors, retrospectives and regurgitated footage of the calamity taking up almost all of the available airtime.Coverage may be even...Read More