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) - The affordable jeweler Piercing Pagoda is rebranding, opening up to 100 new locations, and introducing more facial and nose piercings in a major retail shift.The Signet-owned brand, which currently had 500 kiosks and stores, has already changed the name of some outlets to Banter by Piercing Pagoda, and will now roll that out across the board.It will expand into malls across the US,...Read More

(IDEX Online) - One in five diamond workers have quit their jobs in Surat because of low wages, says a union boss.Factory owners are also accused of failing to pay artisans' wages during India's Covid lockdowns, or of reducing them by as much as 25 per cent. That's despite a spike in demand from consumers in the USA and China.The Diamond Workers Union is demanding a 20 per cent pay...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 company is "one of the few companies that has a clear line of sight toward sustained nickel production into the 2030s...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 company announced a 27% increase to its mine plan production on Monday, to 1.84 million ounces of gold across seven y...Read More

The winners so far, but perhaps not for much longer, are traders, who subscribe to the falling price argument which says China has all the copper it needs leading to a fall in the price of the metalRead 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 industrySPONSOREDWestgold forecast 10% higher gold production for FY22 of 270,000 ounces, with all-in sustaining costs between A$1500-1600...Read More

Orla Mining (TSX: OLA; NYSE: ORLA) has released new assay results from drilling the sulphides zone at its Camino Rojo gold project in Mexico's Zacatecas state, about 50 km southeast of Newmont's (TSX: NGT; NYSE: NEM) Penasquito mine.The company said the results confirm the presence of wide, higher grade gold zones at the sulphide deposit. The drill program consisted of close-spaced drilling on thr...Read More

Chile's senate has postponed for almost three weeks a vote on an opposition-sponsored bill that could hike taxes on miners by up to 75% depending on the price of copper, the country's main export. The bill, first introduced in 2018, calls for a 3% royalty on sales of over 12,000 tonnes of copper production a year and 50,000 tonnes of lithium a year. Half the funds obtained from the royalty w...Read More

Gold is still being discovered in England, but it's not geologists doing the finding. As we emerge from the pandemic it seems that many of us spent the lockdown digging up treasure.England enjoyed its 'Freedom Day' on July 19, when almost all lockdown restrictions were lifted. Despite a recent rise in cases of Covid-19, people are no longer advised to work at home, masks are not obligatory, and ni...Read More

Anglo American (LSE: AAL) and German steel producer Salzgitter Flachstahl will work together on decarbonizing the steel sector by exploring ways to reduce carbon emissions. The partners intend to conduct research into feed materials, including iron ore pellets and lump iron ores, suitable for use in direct reduction (DR) steelmaking based on natural gas and hydrogen. "This is a significant...Read More

The Canadian province of Quebec has granted Monarch Mining (TSXV: GBAR; US-OTC: GBARF) a $13.5 million senior secured term loan agreement to help the company restart the Beaufor gold mine and Beacon mill, 20 km east of Val-d'Or. The three-year term loan agreement with Investissement Quebec bears interest at a rate of 6% a year until the restart of the mine and mill, 5% during the first year...Read More

Imagine the scenario:A rascal virus barrels through society. Yet some 80% of the afflicted are unknowing victims. They suffer not so much as one sniffle.They are what the medical men label "asymptomatic."The remaining 20% come down with an influenza - for some, a severe influenza. Their wheezings and gurglings are sources of great agony.A portion of this 20% is hauled into sick bay. There they suf...Read More

The idea of extraterrestrial mining has been around for more than a century. In the 1898 landmark sci-fi novel Edison's Conquest of Mars, Garrett Serviss' main characters come across aliens mining an asteroid made of solid gold.And for decades since, science fiction writers have used asteroid and moon mining as plot devices - from the golden-age sci-fi greats like Isaac Asimov and Richard Heinlein...Read More

UNESCO names Romanian ancient gold mine settlement a world heritage siteRead full newsRead More

Gold has been an underperformer in 2021 despite several bullish catalysts such as a dovish Fed, sky-high deficits, and rising inflation. Now, it seems that these trends are becoming less favorable which could mean weakness is in store for the shiny metal.2021 has been a disappointing year for gold bugs with a year-to-date (YTD) loss of 4.2%. In contrast, the S&P 500 is up nearly 17%. Other com...Read More

UNESCO names Romanian ancient gold mine settlement a world heritage siteRead full newsRead More

The first maiden hole, drilled adjacent to the Sala mine, returned peak grades of 328 grams per tonne silver, 12.2% zinc and 5.9% lead.   Assays from the maiden hole were 3.8m at 7.Read More

(IDEX Online) - Year-on-year prices were up 10.1 per cent in July, the highest figure for at least eight years, according to IDEX Online's research.  Prices have been showing positive growth since January, and bigger increases with every successive month. The last peak, in July 2018, was 5.7 per cent.  That was followed by nine months of slowdown and 18 months of...Read More

(IDEX Online) - Prices of fancy color diamonds kept rising in Q2, albeit at a slightly slower pace than the previous quarter.Overall they gained 0.2 per cent, the New York-based Fancy Color Research Foundation (FCRF) said today, compared with 0.3 per cent in Q1. No figures were produced for Q1 and Q2 of 2020 because business was too slow during the Covid pandemic to provide sufficient data, b...Read More

(IDEX Online) -  Lucara has recovered its seventh +300-carat diamond this year from its Karowe mine, in Botswana.The Canadian miner says the 393.5-carat top white Type IIa gem quality diamond (pictured) was recovered from direct milling of ore from the M/PK(S) unit of the South Lobe - from which it has already recovered two +300-carats stones this year.In June, Karowe yielded a 1,174.76 carat...Read More