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 new inferred resource contains 426 million tonnes grading 0.367% copper in the oxidised zone containing an estimated 3.45 billion pounds of copper potentially amenable to heap leaching.Read More
There's been a lot of finger pointing and head shaking over the past week as Afghanistan rolled over for the Taliban in record time.Of course, most of us had the luxury of sitting at a distance and marvelling as the chaos unfolded, second-guessing and bemoaning all the blunders of the last 20 years that brought us to this point.And that's going to go on for a while as political pundits and politic...Read More
The reason humans are dying out is simple and straightforward. It's best summarized in the famous line from Walt Kelly's 1970 Pogo cartoon: "We have met the enemy and he is us."Humans are the reason humans are dying out. We're not having enough babies. It's that simple.When I use the word "enough" it's important to put a mathematical value on that. This is not guesswork. The key number is 2.1. Tha...Read More
NEW YORK, Aug. 16, 2021 /PRNewswire/ -- After a lengthy rough patch, the gold industry is showing signs of revival thanks to record high gold prices last year. Many experts...Read full newsRead More
On June 30, 2021, Zephyr Minerals submitted a hard rock mining permit application to the state Division of Reclamation, Mining and Safety (DRMS). Some people who live nearby Dawson Mine aren'...Read full newsRead More
Organized retail crime and numerous other security concerns evolved in 2020, with most retailers attributing the increase in criminal activity to the pandemic, according to a National Retail Federation report. "Retailers have continuously pivoted throughout the pandemic to ensure their employees can work within a safe environment and their customers can shop safely, whether in stores, online...Read More
The Federation of the Swiss Watch Industry has reported a "marked recovery" in watch exports in July, following a first half of the year that was practically identical to the period before the COVID-19 crisis. Exports of Swiss watches, many of which are set with diamonds, showed a 29.1% increase compared with 2020 which marked the start of a slow and uncertain recovery, driven almost exclus...Read More
Iconic American retailer Macy's saw a huge rise in its share price after releasing solid second-quarter fiscal 2021 results which beat analysts' expectations, with jewelry sales featuring strongly. "The quarterly performance gained from strong sales across merchandise categories, as consumers continued to emerge from pandemic-led impacts," the firm said in a statement, reporting an...Read More
The Japan Grown Diamond Association believes lab-grown diamonds are beginning to take off in the country and have great potential. "I doubt we even have 1% share of the market here because of the little supply and lack of resale market," said Shigeyuki Ishida, representative director of Japan Grown Diamond Association. "It will grow from here," he told Bloomberg News According to ana...Read More
VVC Exploration Corporation is pleased to announce the followingRead full newsRead More
Australia's Wyloo Metals has vowed to make a superior offer for Canada's Noront Resources, whose Ring of Fire land package in Ontario late last month attracted a C$325-million offer from diversified major BHP.Wyloo, a unit of Australian mining magnate Andrew Forrest's Tattarang investment group, pointed out on Thursday that it had a 37.5% partially diluted interest in Noront and that BHP's bid was...Read More
savefremontcounty.org is a new website dedicated to fighting against the possibility of a gold mine being built near Ca??on CityRead full newsRead More
With a mining licence now received, "all approvals (are) in place to immediately commence construction upon funding and relocation of affected persons".Read More
Shares of Intrepid Potash (NYSE: IPI) have lost almost 20% of their value in two days, as the company announced it was "reviewing its options" following a court ruling that determined the miner no longer has water rights for commercial use from the Pecos River in New Mexico. Intrepid's use of the Pecos River water became controversial after the company disclosed it planned to pump wat...Read More
Roscan Gold (TSXV: ROS; US-OTC: RCGCF) has released a new batch of drill results from its Kandiole project in Mali, about 400 km west of the nation's capital, Bamako, and says it expects to deliver a first resource estimate before the end of the year.Results from the project's Southern Mankouke zone included 3.53 grams gold per tonne over 17 metres starting from 121 metres in drillhole RCMAN21-55;...Read More
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) revealed this week that it has fired 48 employees since 2019 for sexual harassment at its remote fly-in, fly-out (FIFO) mines in Western Australia. In a submission to the state's parliamentary inquiry into the issue, the world's largest miner said that between 2019 and 2021 it received six confirmed cases of sexual assault and 73 of sexual harassment at i...Read More
Newcrest Mining (TSX: NCM; ASX: NCM) has delivered a prefeasibility study for its Cadia underground gold mine expansion.The mine, in New South Wales, Australia, produces gold dor?(C) and gold-rich copper concentrates.The prefeasibility study, which the company refers to as PC1-2, outlined a net present value of US$1.5 billion and an internal rate of return of 21.5%. The total capital expenditure i...Read More
Dear Outsider,Have you ever talked with someone really important, and they made you feel really small? Well, I recently had the most ridiculously exaggerated version of that encounter that you could imagine. Not only was the man I met with a millionaire businessman, a global icon, and a fixture on television... He was also seven-foot-one.That's right, I just spent an afternoon with Shaquille O'N...Read More
Toronto, Ontario--(Newsfile Corp. - August 19, 2021) - Canbud Distribution Corp. (CSE: CBDX) (FSE: CD0) (theRead full newsRead More
Ocean carrier ZIM now expects to earn $4.8 billion-$5.2 billion this year - five times what it earned in 2020.Read full newsRead More