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

Finally, the end of another humid Maryland summer.The mornings are cool, the leaves are starting to fall, and I can smell the pumpkin spice in the air already.This Labor Day weekend also marks the end of extended federal unemployment benefits for many U.S. workers affected by the pandemic...A little bit ironic, don't you think?Well, if we know one thing about the current president, it's that he lo...Read More

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The country sits atop what could be one of the world's largest reserves of various metals and minerals, including not just gold but also platinum, silver, copper, iron, aluminum and uranium.Read full newsRead More

Total nonfarm payroll employment rose by 235,000 in August, well below reported expectations of 720,000, dimming the likelihood of stimulus tapering.Gold has risen to almost US$1,830 an ounce on the spot market.There were mixed moves among base metals on the London Metal Exchange on Friday.Nickel rose 1.6%, taking it close to the $20,000 mark at $19,829.25 per tonne.In Australia, Alumina added 6.6...Read More

(IDEX Online) - The newly-founded Diamonds de Canada will this week ship its first consignment of polished stones for grading in Las Vegas, before being sold.The venture, launched in Yellowknife, on the edge of the Arctic Circle, by Michael Indelicato, of US wholesaler RDI, and industry consultant Benjamin King, accesses rough directly from the three major diamond mines in Canada's Northwest...Read More

(IDEX Online) - Global production of rough diamonds will increase by 1.4 per cent to almost 113m carats this year, according to data and analytics company GlobalData.It follows an estimated 19.4 per cent decline to 111.4m carats in 2020, as the industry was hit by the COVID pandemic.Russia is likely to show only moderate growth but output elsewhere is forecast to rise in Botswana (+37 per cent), C...Read More

(IDEX Online) - Twelve people have died and 4,400 have been taken ill after toxic waste from Angola's biggest diamond mine polluted drinking water, say officials in the neighboring Democratic Republic of Congo (DRC).Tailings from the Catoca mine - in which Alrosa (Russia) and Endiama (Angola) both hold 41 per cent stakes - leaked into tributaries of the River Congo, turning the water red and...Read More

The country sits atop what could be one of the world's largest reserves of various metals and minerals, including not just gold but also platinum, silver, copper, iron, aluminum and uranium.Read full newsRead More

"August [was] a dramatic month for commodity prices, with a resurgence in demand fears both inside and outside of China owing to a combination of the Delta variant spread, a typical summer lull, and aRead More

Some 53% of union members voted to accept the new contract which included a bonus of 4.5 million pesos (US$5,800) and productivity bonuses despite not including a pay rise.Read More

Rebounding exploration activity has propelled Major Drilling's (TSX: MDI) revenues and earnings to a nine-year high. In the company's first quarter of fiscal 2022, ended July 31, the Moncton-based drilling company reported revenues of $151 million - up 69% from the same period last year - and net earnings of $11.1 million, or $0.14 per share. In Canada and the U.S., the compan...Read More

Following the rampant surge in copper prices earlier this year, competition amongst miners to supply the metal vital to the green energy transition is fierce.Global copper supply is dominated by mining giants, with the top ten companies making up for more than half of the world's output.In an unprecedented year marked by disruptions due to the global pandemic, copper mine production was contingent...Read More

Joint-venture partners Barrick Gold (TSX: ABX; NYSE: GOLD) and NovaGold Resources (TSX: NG) have published the first results of their 24,000-meter drill program for their Donlin gold project in southwestern Alaska, which will likely provide the final data needed for an optimized mine plan at the 39 million ounce gold asset.The primary objective of the 2021 drill program is to complete necessary wo...Read More

Western Australia-focused Orminex (ASX: ONX) is acquiring Nippon Dragon Resources' (TSXV: NIP) interest in two gold projects in Canada's Abitibi region.The projects - Rocmec, 35 km west of Rouyn-Noranda, and Denain, 60 km east of Val d'Or - are situated about 230 km apart along Highway 117."The increased level of activity we see from both small and large cap companies in the Abitibi region of Onta...Read More

Agnico Eagle Mines (TSX: AEM; NYSE: AEM) has upped its interest in Candelaria Mining (TSXV: DCAND; US-OTC: CDELF), with an additional $6 million investment bringing its ownership in the Mexico-focused junior up to 19.6% from 7.8% on a partially diluted basis.Agnico Eagle's total holding in Candelaria is now 23.45 million common shares and 6.67 million warrants.Candelaria owns 100% of two advanced...Read More

As the world watched the Taliban assume control of Afghanistan this summer and the U.S. withdraw its last troops from the war-torn country, another conflict, thousands of kilometers away in the sub-Saharan Sahel region of West Africa, continued to claim victims in the tri-border region of Burkina Faso, Mali and Niger.Last month there were attacks on civilians in Burkina Faso, Mali and Niger by mil...Read More

If you've been following my work at all lately, you know how excited I am about the burgeoning space industry.And I'm not talking about Elon Musk and Jeff Bezos riding their own rockets.I'm focused on the satellite industry, which is poised to shoot stratospherically higher in the years ahead.You see, according to UBS, the space industry as a whole (currently valued at roughly $366 billion) is pro...Read More

Fourteen-year-old Ishaan Thakur and his sister, 9-year-old Aanya, spent their summer building a lucrative business mining cryptocurrency.Read full newsRead More

The country sits atop what could be one of the world's largest reserves of various metals and minerals, including not just gold but also platinum, silver, copper, iron, aluminum and uranium.Read full newsRead More

Share this article TORONTO - Kirkland Lake Gold Ltd. [KL-TSX, NYSE, KLA-ASX] said Thursday it has increased the measured and indicated mineral resources at its Detour Lake mine in northern Ontario by 10 million ounces.Included in the mid-year 2021 resource estimates are total measure and indicated resources, exclusive of mineral reserves, of 14.7 million ounces (572 million tonnes at an average g...Read More