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
"Carbon-neutral nickel ETC is another important development for Nornickel and testament to our commitment to the global climate change agenda," VP sales and distribution Anton Berlin said."Today's announcement furthers our ambition to be the leading producer of green metals, highlighting the attractiveness of our portfolio of low-carbon commodities which provide a transparent and fully-audited sou...Read More
Despite assurances given by the junta leaders on Tuesday that miners would have their existing agreements honoured, the political upheaval is expected to see timelines pushed back for the two majorRead More
Share this article VANCOUVER - enCore Energy Corp. [EU-TSXV; ENCUF-OTCQB:ENCUF] and Azarga Uranium Corp. [AZZ-TSX; AZZUF-OTCQB; P8AA-AZZUF] have entered into a definitive arrangement agreement whereby enCore will acquire all of the issued and outstanding common shares of Azarga pursuant to a court-approved plan of arrangement.The transaction consolidates an industry leading pipeline of exploratio...Read More
Noront Resources (TSXV: NOT) has finally received a formal offer from Wyloo Metals - more than three months after Wyloo first floated a proposal to acquire the Ring of Fire junior in late May. The $0.70 per share offer trumps BHP's (NYSE: BHP; LSE: BHP; ASX: BHP) friendly $0.55 per share bid for Noront, made in late July. It's also more than double what Wyloo first proposed in May - $0.315...Read More
Trilogy Metals (TSX: TMQ; NYSE-AM: TMQ) says lower than expected drilling productivity due to adverse weather and staffing shortages at its Arctic copper project in remote northwestern Alaska will not detract from the project's permitting and development timeline.The project, part of the so-called Upper Kobuk Mineral Projects (UKMP) being managed by the Ambler Metals joint venture between the comp...Read More
This week's episode features the opening remarks of the 2021 Canadian Mining Hall of Fame by Northern Miner group publisher Anthony Vaccaro. This year's inductees were Patricia Dillon (b. 1952), David Elliott (b. 1948), William Gladstone Jewitt (1897-1978), Steven D. Scott (1941-2019), and Mary Edith Tyrrell (1870-1945).All this and more with host Adrian Pocobelli.Music Credits:"Rattlesnake Railr...Read More
Australian lithium producer Pilbara Minerals (ASX: PLS) has announced a 39% increase in the mineral resource at its flagship 100%-owned Pilgangoora lithium-tantalum project in Western Australia's Pilbara region to 308.9 million tonnes, reinforcing its position as the world's most extensive hard-rock lithium operation.The updated mineral resource, which replaces the prior June 2020 estimate, now co...Read More
Ecuador-focused SolGold (TSX: SOLG; LSE: SOLG) is trimming its exploration portfolio in a bid to free up cash to focus on its best targets as it advances development of the giant Cascabel copper-gold project, located 180 km north of the country's capital, Quito. The miner intends to shed ten of the 72 exploration concessions held within its four subsidiaries in the South American country. The...Read More
The trading price of Harmony Gold Mining Company Limited (NYSE:HMY) closed lower on Tuesday, August 31, closing at $3.78, -0.26% lower than its previous close.>> 7 Top Picks for the Post-Pandemic EconomyRead full newsRead More
A mountain of lead is accumulating in China.Read full newsRead More
The trading price of Harmony Gold Mining Company Limited (NYSE:HMY) closed lower on Tuesday, August 31, closing at $3.78, -0.26% lower than its previous close.>> 7 Top Picks for the Post-Pandemic EconomyRead full newsRead More
(IDEX Online) - Zimbabwe's Murowa mine aims to more than double production as it migrates from open pit to underground operations. Owners RioZim plan to invest $400m in the switch, and say the deposit, 450km from the country's capital Harare, should increase ore processing from 190,000 tonnes per month to 500,000. "It's a massive investment that bodes well with the government's...Read More
(IDEX Online) - Diamcor Mining says prices exceeded expectations as it sold just over $1m of rough at three tenders in July and August.The Canadian junior miner acquired Krone-Endor, at the Venetia deposit in South Africa, from De Beers in February 2011, and has a long-term strategic alliance and first right of refusal with Tiffany & Co's Canadian subsidiary.In the three months to Septemb...Read More
(IDEX Online) - Unique specimens of Aquaprase, the world's "newest" gemstone, are being donated to the American Museum of Natural History.The bluish-green chalcedony was discovered in 2013 by veteran gem explorer Yianni Melas at an undisclosed location in Africa, as the first "new" gemstone of the century.New York-based jewelers Le Vian is gifting examples of its own trademarked classificatio...Read More
The company reported a 39% increase in measured, indicated and inferred resources to 308.9 million tonnes at 1.14% lithium oxide, 105 parts per million tantalum pentoxide and 0.Read More
The S&P/TSX Venture Composite Index rose 40.77 points or 4.60% to finish the August 30 to September 3 trading week at 932.22. Spot gold climbed 0.60% or US$10.80 per oz. to US$1,827.60 per ounce.Shares of ISOEnergy jumped $1.43 to $4.00. The uranium exploration company announced that it had completed a 12-hole (4,428 metre) drill program at its Geiger property in Saskatchewan's Athabasca Basin, ab...Read More
The S&P/TSX Composite Index rose 176.80 points or 0.86% to finish the August 30 to September 3 trading week at 20,821.40. The S&P/TSX Global Mining Index fell 0.92 points or 0.87% to 104.40 and the S&P/TSX Base Metals Index dropped 0.32 points or 0.19% to 170.63. The S&P/TSX Global Gold Index rose 2.78 points or 0.96% to 293.97 and spot gold rose US$10.80 per oz. or 0.60% to US$1,827.60 per ounce....Read More
The Dow Jones Industrial Average dropped 86.71 points or 0.25% to finish the August 30 to September 3 trading week at 35,369.09 and the S&P 500 climbed 26.06 points or 0.58% to 4,535.43. Spot gold rose US$10.80 per oz. or 0.60% to US$1,827.60 per ounce.Shares of Alcoa jumped US$3.08 to US$47.21. The company announced on August 31 that its wholly owned subsidiary, Alcoa Nederland Holding B.V, will...Read More
Battery Mineral Resources (TSXV:BMR) has released initial drill core assay results from the ongoing 2021 exploration and in-fill drill program at its recently acquired cornerstone asset, Minera Altos de Punitaqui (MAP), an integrated copper mining complex in the Coquimbo region of Chile, about 30 miles south of Teck Resources' (TSX: TECK.A/TECK.B; NYSE: TECK) Andacollo copper mine.Drilling retur...Read More
Future remains golden for Rox ResourcesSPONSOREDrox resourcesCashed-up Karora is doubling gold production at a blistering paceSPONSOREDkarora resourcesOzAurum drills in home of goldSPONSOREDozaurum resourcesRising nationalismSPONSOREDswannThat was the price of the lightweight metal in early 2008 as Rio Tinto was being feted by investors for its acquisition six-months earlier of the Canadian-based...Read More