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
(IDEX Online) - A "unique" collection of three Argyle diamonds - a pink, a red, and a violet stone - has been sold to a buyer in the US.Diamond Cutters International described it as "a multi-million dollar collection" but would not disclose the price paid by a collector from Houston, Texas.The so-called Millennia Collection (pictured) comprises:The Millennia Red, a 0.55-ct vs2- c...Read More
The IDEX Polished Price Index remained virtually static, albeit with slight rises at the start and end of August. It closed the month up by just 0.42 per cent, a slowdown from 2.20 per cent in June and 1.49 per cent in July. It also increased during April and May.IDEX Online subscribers please click here to read the full report. Read More
The Canada-based company had sought an urgent interdict to prevent the grant of a licence over the same area in July, when it also applied for a review of the refusal decision.It said yesterday the High Court of Namibia had rendered a decision to interdict and restrain the ministry of mines and energy from granting a licence over Haib, until the final determination of the application to review the...Read More
"The planet needs Jerome Powell."This we learn from a certain Robinson Meyer - a staff writer for The Atlantic magazine. More from whom:Biden should renominate Powell for the climate's sake. The argument for keeping him is simple. Biden wants to do a lot of hard things to combat climate change, including passing an infrastructure bill, regulating car and truck pollution, revitalizing American indu...Read More
Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) has released a mid-year updated resource estimate for its Detour Lake mine in Ontario, adding another 10.1 million oz. of contained gold. Measured and indicated resources are now 572 million tonnes grading 0.80 gram gold per tonne for 14.7 million contained ounces, a 216% increase. The inferred resource has grown, too. The estimate is now 1.1 millio...Read More
Latin Metals (TSXV: LMS; US-OTC: LMSQF) may have scored big after inking a potential partnership deal with one of the world's biggest gold miners - AngloGold Ashanti (NYSE: AU) - for its projects in Argentina. The Vancouver-based company and the South African gold giant entered into a non-binding letter of intent today regarding Latin Metals' Organullo, Ana Maria and Trigal gold projects in nor...Read More
Deep-South Resources (TSXV: DSM) has scored a small but key win in its battle to renew the company's prospecting licence for the Haib copper project in Namibia, as the country's High Court has ruled no permits over the same area can be granted for now. The Vancouver-based company took Namibia's Ministry of Mines and Energy to court in July after it refused to renew the company's permit...Read More
Torex Gold Resources (TSX: TXG) has released its multi-year production outlook for the El Limon Guajes (ELG) gold mining complex in Mexico, about 180 km southwest of Mexico City.The mid-range guidance is for 450,000 oz. gold in 2022; 225,000 oz. gold in 2023; and 325,000 oz. in 2024 (excluding Media Luna). ELG is targeted to produce about 450,000 oz. of gold this year.Output will come from ELG's o...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 resourcesThe Future of Tailings ManagementSPONSOREDThe typical investor pitch from a mining industry executive still searching for a route to production relies too heavily on unexplained technical detai...Read More
A couple weeks ago I dusted off my old telescope and set it up in the small park next to my apartment.I've never been more popular with my neighbors. Baltimore is like too many places, now not even limited to cities. With the unaided eye there are only a couple stars or planets to see. There is no real horizon. There is little reason to look up.That night I shared some beers and some sights a few...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
Decklar Resources Inc. is pleased to announce the following updatRead full newsRead More
Blue Star Gold Corp. provides an update on its 2021 drill programRead full newsRead More
Vinci Capital Group - Striking Gold The Vinci Capital Group is a BVI based company with subsidiaries in Asia focused on gold and copper. The Vinci Capital Group co-owns mining exploration licenses with a combined surface area of 3 times the surface area of the country of Liechtenstein. The company has recently struck gold, with [...]Read full newsRead More
BHP made a C55c per share cash offer for Noront in late July, which trumped an early 35c per share conditional proposal from Wyloo.Read More
Share this article VANCOUVER - Interra Copper Corp. [IMCX-CSE; IMIMF-OTCQB; 3MX-FSE] has completed its maiden diamond drilling program on its 206 km2 Thane property in north-central British Columbia on traditional territory of the Takla and Tsay Keh Dene first nations. The program comprised a total of 2,774 metres in 12 holes.The company expanded its planned program targeting cathedral zone by fo...Read More
(IDEX Online) - Brilliant Earth, the US-based "ethical jeweler", is going public with an IPO initially set at $100m, it announced on Monday.It follows a leap in sales of almost 45 percent, to $163m in the first half of this year.The digital-first company was founded by Beth Gerstein and Eric Grossberg in San Francisco in 2005.Gerstein had failed to find ethically-produced engagement ring. She and...Read More
(IDEX Online) - There was a raft of price rises among low-clarity 3.00-3.99 ct rounds and clusters of drops in some smaller goods during August. Little movement for fancies. Price drops dominate in round goods under 0.90-ct but there are some significant rises among larger stones. The most notable is in 3.00-3.99 ct, where there were price rises among virtually all goods F-N / I1-I3. T...Read More
The company extended a credit facility with senior project lender KfW IPEX-Bank to September 30 and is in discussions regarding a longer-term extension into 2023.Read More
Ontario is a world-class destination for the mining industry. Here's a list of eight companies with interesting projects to follow.AURCREST GOLDAurCrest Gold (TSXV: AGO; US-OTC: TBMIF) is one of the few exploration companies with Indigenous ownership and leadership. President and CEO Christopher C.J. Angeconeb is a member of the Lac Seul First Nation, which also holds an equity stake in the compan...Read More