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) - Mountain Province bounced back from a loss of $18.3m last Q2 to a net income of $21.4m in the corresponding period for 2021. The Canadian miner, which jointly operates Gahcho Ku?? (C) (pictured), in Northwest Territories, with De Beers, agreed a short-term $33m loan last year with Irish billionaire Dermot Desmond, to ease its "near term liquidity needs". It has since rec...Read More
(IDEX Online) - Grib Diamonds sold $65m of rough at its tender in Antwerp, amid competitive bidding.Highlight of the sale was a 7.0-ct stone (pictured) described as "purplish-pink or pinkish-purple", which sold for a company record of $100,000 per carat."Demand was strong, bidding competitive, prices remained overall flat, with some weakness starting to creep in to the bigger sized rough +5cts to...Read More
(IDEX Online) - French police have arrested two men after a $2.4m heist at Chaumet, the iconic Paris jeweler.A raider posing as a smartly-dressed customer threatened staff he would detonate a bomb at the store (pictured), near the Champs-Elys?? (C)es. He forced them to hand over jewelery, loose gems and keys, which he used to lock them in before fleeing, on 27 July. Police say no violence was...Read More
Future remains golden for Rox ResourcesSPONSOREDrox resourcesCashed-up Karora is doubling gold production at a blistering paceSPONSOREDkarora resourcesZinc-lead discovery helps Zenith double market capSPONSOREDzenith mineralsThe path to decarbonising the mining industrySPONSOREDLiontown is aiming to deliver a definitive feasibility study for its Kathleen Valley project in Western Australia by year...Read More
Future remains golden for Rox ResourcesSPONSOREDrox resourcesCashed-up Karora is doubling gold production at a blistering paceSPONSOREDkarora resourcesZinc-lead discovery helps Zenith double market capSPONSOREDzenith mineralsThe path to decarbonising the mining industrySPONSOREDThe commodities giant announced additional returns totalling US$1.2 billion, which comprised a 4c/sh "top-up" dividend, e...Read More
Future remains golden for Rox ResourcesSPONSOREDrox resourcesCashed-up Karora is doubling gold production at a blistering paceSPONSOREDkarora resourcesZinc-lead discovery helps Zenith double market capSPONSOREDzenith mineralsThe path to decarbonising the mining industrySPONSORED"I used to describe it [Agnew] as an amateur oil painting and now it's like a Rembrandt," he told Diggers & Dealers i...Read More
In preparation for its initial resource estimate due by the end of the third quarter, Wallbridge Mining (TSX: WM) is nearing completion of the definition drilling program at the Fenelon gold property 75 km northwest of Matagami, in Quebec.Work has been done on multiple areas within a 1-km by 1.2-km area in the central part of the Fenelon gold system. The company has drilled about 260,000 metres wi...Read More
Mountain Province Diamonds (TSX: MPV; US-OTC: MPVD) saw profit jump in the second quarter of the year as consumer demand for precious stones returned and Covid-19 cases dropped at its 49%-owned Gahcho Ku?(C) mine, in Canada's Northwest Territories. The Toronto-based miner reported a profit of $22.5 million (US$18 million) for the three months ending June 30, compared with a loss of $26.8 million...Read More
Torex Gold (TSX: TXG) has announced it will proceed with conventional development and mining methods for its proposed Media Luna project in Mexico instead of using the newly developed Muckahi mining method.The company says the decision follows the outcome of various risk assessments, extensive comparative financial analyses, and the results to date of the Muckahi test program at El Lim??n Deep (EL...Read More
Australia's Resolute Mining (LSE: RSG; ASX: RSG) is selling its Bibiani gold mine in Ghana to Canada's Asante Gold (TSXV: ASE) for US$90 million in cash. The company will receive an initial US$30 million payment, followed by another US$30 million on or before six months from the transaction close. The final US$30 million will be paid on or before a year from completion, Resolute said. T...Read More
Future remains golden for Rox ResourcesSPONSOREDrox resourcesCashed-up Karora is doubling gold production at a blistering paceSPONSOREDkarora resourcesZinc-lead discovery helps Zenith double market capSPONSOREDzenith mineralsThe path to decarbonising the mining industrySPONSOREDOver the past 12 months, QPM has posted a 750% share price rise as its plans for a direct nickel processing hub near Town...Read More
A question:Why do the health authorities refuse to acknowledge the possibility of severe vaccination side effects? Here is the likely answer:The "Noble Lie." Details to follow.As we maintained yesterday - in grim detail - the COVID-19 vaccines are likely not so safe as health authorities claim.Jabbings have likely accounted for thousands of deaths - perhaps tens of thousands - and at least hundred...Read More
Liontown is aiming to deliver a definitive feasibility study for its Kathleen Valley project in Western Australia by year-end and be in production in 2024.Read More
Straightup Resources Inc. is pleased to announce that a field creRead full newsRead More
TSX: NVO | TSX: NVO.WT | OTCQX: NSRPFRead full newsRead More
No one in the mines along the Lihanda corridor - stretching from Kakamega all the way to Vihiga - appears bothered about the other graduates.Read full newsRead More
This Announcement Contains Inside Information Vancouver, British Columbia--(Newsfile Corp. - July 30, 2021) - Thor Explorations Ltd. (TSXV: THX) (AIM: THX) (Read full newsRead More
Gold made history in 2020 when the price hit a record high in August as pandemic concerns weighed on investor sentiment.Gold mining has been a hallmark of commerce across the ages, and according to the United States Geological Survey (USGS), about 244,000 tonnes of gold has been discovered to date, resulting in 187,000 tonnes of historical production, leaving the current underground reserves at...Read More
Profit after tax amounted to US$661 million, with underlying EBITDA totalling $868 million, up 147% year-on-year but 3% below consensus estimates.Read More
Share this article VANCOUVER - C2C Gold Corp [CTOC-CSE] said Wednesday it has been granted an option to acquire a 70% interest in a basket of claims in the central Newfoundland gold belt, a move that adds to its existing substantial holdings in the region.The option agreement with Buchans Resources Ltd. involves 364 mineral claims (91 square kilometres) covering the Lake Douglas and South Tally p...Read More