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
It's only been a year and a half since Troilus Gold (TSX: TLG; US-OTC: CHXMF) began drilling in the Southwest Zone at its namesake Troilus gold project, about 170 km northeast of Chibougamau in Quebec's Frotet-Evans greenstone belt.The Southwest Zone, about 2.5 km southwest of the main production pit at a former mine on the property and the main mineral corridor at the project, has become one of t...Read More
Mayfair Gold (TSXV: MFG; US-OTC: MFGCF) reported 63.59 grams gold per tonne over 5 metres including 200.89 grams gold over 1.5 metres at its flagship Fenn-Gib project in northeastern Ontario, about 80 km east of Timmins.The hole, FG21-165, was drilled below the shallow central section of the current conceptual open pit, and the high-grade intercept started at a downhole depth of 540 metres, or abo...Read More
The US Army Corps of Engineers (USACE) has assigned a new review officer to handle Northern Dynasty Minerals' (TSX: NDM) appeal of a negative record of decision for the Pebble copper-gold project in Alaska.The new review officer comes after the previous officer was promoted out of the position.The new officer is expected to set a detailed timeline for the administrative appeal process, including s...Read More
Morgan Stanley has placed uranium at the very top of its Metals and Mining Commodity Thermometer.Uranium was assigned a 'most bullish' thesis of 17 mined commodities under the bank's coverage."Further price upside near term as commercial inventories are drawn down, investment demand continues, and mine supply remains below 2019 levels. Longer term, growth continues to push price higher," reads a s...Read More
An asteroid is heading towards Earth, but it is good news for miners and Luxembourg stands ready to help.On August 11, NASA's Planetary Defense Coordination Office provided an update on the potentially hazardous asteroid Bennu. Scientists in the Near-Earth Object Observations Program confirmed that Bennu will make a close approach to Earth next century, although the probability of impact is only 1...Read More
In a long awaited decision, BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has approved US$5.7 billion in spending on its Jansen potash project in Saskatchewan - an important project for diversification of the mining giant's assets, which are dominated by iron ore and copper."This is an important milestone for BHP and an investment in a new commodity that we believe will create value for shareholders for gen...Read More
From the frozen Arctic to the sweltering tropics, Canadian gold seekers will be there. Buoyed by the strong price, activity in exploration and production continues to rise.BANYAN GOLDBanyan Gold (TSXV: BYN; US-: BYAGF) has two advanced exploration projects in the Yukon. AurMac, 56 km northeast of Mayo is 100% owned, as is the Hyland project, 74 km northeast of Watson Lake.Both gold projects are ad...Read More
George McLeodThis week's episode features Access Mining managing partner George McLeod, who discusses the increasingly political role of mining companies, particularly in developing economies, and how industrial metals, especially those that relate to electrification, will begin to take on a strategic importance that was traditionally attributed to oil. He also discusses how recent political devel...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 ManagementSPONSOREDMMC 20+20 features essays from 30 industry leaders, plus photos, all of who have spoken at the MMC since 2001.Read More
Dear Outsider,A mysterious package arrived at my desk one week...Now, I get a fair amount of reader mail and I respond personally to each one. But this particular package was much heavier than your typical piece of mail, and it was oddly shaped compared to the usual packages I receive.It was addressed to the "Captain of The Crow's Nest."When I opened it, I discovered a block of wood with three no...Read More
Kyrgyzstan said Wednesday that it had launched the process of kicking out its largest foreign investor, Canada's Centerra Gold, overRead full newsRead More
SNNLive caught up with Martin Turenne, President, CEO and Director of FPX Nickel Corp. (TSX-V: FPX), via Zoom to discuss (Click the time stamp to jump to eac...Read full newsRead More
Oil and gas producers in U.S. Gulf of Mexico have consolidated at a faster rate during the pandemic, new government data shows, as crashing prices squeezed out smaller drillers who had been seen as the industry's future.Read full newsRead More
BISHKEK (Reuters) -Kyrgyzstan has established enough evidence to press on with removing Canada's Centerra Gold from the Kumtor gold mine, the state security service and prosecutors said on Wednesday.The security service is investigating possible corruption in the deal that gave Centerra control over the country's biggest gold mine and subsequent amendments to the pact.A spokesperson for...Read More
Froneman, who took the helm in January 2013 and transformed Sibanye-Stillwater from a 1.5 million ounce South Africa-based gold producer into an international miner ranking among the world's top three PGM producers, received the 2021 Brigadier Stokes award last week during SAIMM's online AGM."When I look at the list of past recipients comprising eminent individuals who have left an indelible mark...Read More
Share this article VANCOUVER - Teck Resources Ltd. (TECK.B-TSX, TECK.A-TSX, TECK-NYSE) said its operations at the Highland Valley Copper mine in south-central British Columbia have been temporarily suspended due to wildfire activity in the region.The decision to suspend operations was taken on August 14, 2021, and followed an evacuation order issued by the District of Logan Lake."All workers are...Read More
(IDEX Online) - British designer Jenny Sweetnam has launched a fine gold jewelry collection featuring hidden diamonds.Gems in the aptly-named Inverse Collection are tucked away inside the pieces, visible only when the wearer opens them up.Unseen Diamond Ring, for example, (pictured) is described as "a circle shaped silhouette that functions like a box, coming apart with an inner and outer wa...Read More
(IDEX Online) - Alrosa says it could increase production "marginally" this year, to address a surge in demand and shortfall in supply.In its Q2 & 6M IFRS Results, the miner suggests a possible increase of five per cent for 2021, from 30m cts to about 31.5m cts. That's slightly higher than actual production last year, of 30m cts.It said rough diamond sales for the first half of the year ($...Read More
(IDEX Online) - Bidding opens today in what's billed as the world's first charity auction of lab grown diamonds.More than $75,000 of loose stones and lab grown pieces of jewelry are being sold in a joint venture by IGI labs and the Virtual Diamond Boutique (VDB) tech company in aid of the Jewelers for Children charity.Digital bids are made via VDB's dedicated app (pictured) and clos...Read More
The copper, gold and silver miner said Zafar, which is located 1.5km from Gedabek's processing facilities, held a measured and indicated resource of 8.Read More