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
HVC was suspended on the weekend when the order was put in place by the district of Logan Lake. Teck said HVC was in the process of ramping back up to full operation and the company's copper guidance would be "updated as necessary after the risk of further effect on operations from wildfires subsides".HVC accounts for almost half the company's copper production and was expected to produce 128...Read More
Orca Gold (TSXV: ORG) subsidiary Montage Gold (TSXV: MAU; US-OTC: MAUTF) has exceeded its exploration objective at the Kon?(C) gold project in C??te d'Ivoire with 100% resource conversion and resource growth.Montage has reported an initial indicated resource for Kon?(C), outlining 225 million tonnes grading 0.59 gram gold per tonne for 4.27 million oz. of contained gold at a 0.2 gram per tonne cut...Read More
Pending continued improvement in regional health statistics, Vizsla Silver (TSXV: VZLA) plans a staged restart of drilling activities on September 1 at its Panuco silver-gold project in Sinaloa state, Mexico.Soaring Covid-19 cases have prompted the company to voluntarily suspend activities in late July to protect the health and safety of the team and the communities in which they work.The company...Read More
Canada's Ontario has rescinded a work suspension order in place over great swathes of the province in the wake of wildfire activity since July 21, allowing Great Bear Resources (TSX: GBR; US-OTC: GTBAF) to start work on Phase 2 drilling from August 18.The next phase of Great Bear's exploration strategy will test the continuity of mineralization along the significant LP Fault below 450 metres depth...Read More
After years of indecision and US$4.5 billion (pre-tax) invested in development since 2008, BHP has announced that it will move forward with its Jansen potash project in Saskatchewan and approved capital expenditure of US$5.7 billion to build the first phase of the project. The sum includes funding for the required port infrastructure.BHP, the world's largest mining company, paired that news with i...Read More
Chilean miner Antofagasta (LSE: ANTO) says that water shortages in the South American nation, which has been hit by a decade-long drought exacerbated by climate change, has forced it to cut its copper production target for the year. The miner now expects to produce between 710,000 tonnes and 740,000 tonnes of copper this year, down from its previous forecast of 730,000 tonnes to 760,000 tonnes....Read More
North Arrow Minerals (TSXV: NAR) has completed a 2,000-tonne bulk sample from its Naujaat diamond project in Nunavut, a key step toward discovering if the project has enough fancy coloured diamonds - with a high enough value - to justify development.North Arrow has already delineated a resource for the Q1-4 kimberlite at Naujaat, located only 7 km from tidewater near the community of Naujaat. Q1-4...Read More
A move towards resource expropriation, tax and royalty increases, as well as demands for local participation in companies' ownership-all components of resource nationalism-continues to increase, with Latin America taking centre stage, a new study shows.According to the latest report from risk consultancy Verisk Maplecroft, there is a clear four-year trend in mineral-rich nations seeking greater co...Read More
Drilling at SSR Mining's (TSX: SSRM; NASDAQ: SSRM; ASX: SSR) Ardich gold deposit in Turkey has returned strong results as the company plans an initial reserve estimate slated for next year, followed by first production in 2023.SSR reported results from 194 diamond drill holes completed between March 2020 and May 2021 at Ardich, located 6 km from its Copler gold mine.Highlights from step-out drilli...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 ManagementSPONSOREDMuch like motherhood, the value of executive equity stakes, colloquially known as skin in the game, is rarely questioned. Read More
Navarre Minerals' first diamond drilling at the historical St Arnaud Goldfield in Victoria is off to a rousing start with the intersection of visible gold.Read full newsRead More
Outback Goldfields Corp . is pleased to provide an update on explRead 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
LIMA, Peru, Aug. 10, 2021 (GLOBE NEWSWIRE) -- Minera IRL Limited ("Minera" or the "Company") (BVL:MIRL) (CSE:MIRL) is pleased to announce that it has today filed on SEDAR a new Technical Report updating the mineral resource estimate for its Corihuarmi Gold Mine ("Corihuarmi"). The new report, dated effective August 9, 2021, and titled "NI 43-101 Technical Report Mineral Resource Estimate for the C...Read More
The company, which was demerged from Iluka Resources late last year, today posted a full-year NPAT of $94.3 million on revenue of $145.2 million.Read More
Share this article VANCOUVER - TRU Precious Metals Corp. [TRU-TSXV, TRUIF-OTCQB, FSE-706] shares rallied strongly Wednesday after the company released initial drilling results from its 100%-owned Twilite Gold Project in central Newfoundland.Results released Wednesday are assays from the first two holes of a 12-hole Phase 1 program. Drilling is focused on as previously identified target that the c...Read More
Share this article VANCOUVER - Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) today announced that the wildfire evacuation order for Highland Valley Copper Operations issued by the District of Logan Lake previously announced on August 15 has been lifted. HVC has resumed operations and is now in the process of ramping back up to full production.Teck is focused on protecting the healt...Read More
(IDEX Online) - The Mir mine, closed in 2017 after a flooding accident that claimed eight lives, could re-open.Sergey Takhiev, head of Alrosa's corporate finance department, says a decision on its future will be taken in the coming months."Alrosa can decide whether to rebuild its underground Mir mine halted due to the accident in 2017 in late 2021 - early 2022," he said yesterday.Eight miners...Read More
(IDEX Online) - Tennis superstar Serena Williams has signed an exclusive deal to sell her jewelry range through US retailer Zales. The 23-time Grand-Slam winner launched Serena Williams Jewelry in November 2019, featuring gold and silver rings, bracelets, necklaces priced from $299 to $10,000.Zales, which has over 700 stores and is part of the Signet empire, says it will now be the sole retai...Read More
Drilling in a new zone to the west of the Candelones Extension deposit has yielded a 16 metre intercept grading 10.78 grams gold per tonne, 68.9 grams silver per tonne, 0.24% copper, and 2.35% zinc starting from a depth of 336 meters in drillhole LP21-204, Unigold Inc. (TSXV: UGD; US-OTC: UGDIF) reports.The intercept was within a broader 97 metre interval averaging 2.52 grams gold, 12.1 grams silv...Read More