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) - Lucara has recovered a huge fancy pink Type IIa diamond - weighing 62.7 carats - from its Karaowe mine, in Botswana.The Canadian miner said it was one of the world's largest rough pink diamonds on record.It was recovered from direct milling of ore sourced from the EM/PK(S) unit of the mine's South Lobe, along with three other large fancy pinks of similar quality - weighin...Read More

Proudfoot Global CEO Pamela Hackett talks wrestling chaos with industry leadersSPONSOREDproudfootYandal building on discovery successSPONSOREDyandal resourcesEmerging producer Horizon Minerals eyes mid-tierSPONSOREDhorizon mineralsRumble growing with Earaheedy discoverySPONSOREDrumble resourcesReverse circulation drilling has intercepted broad zones of enriched and primary copper mineralisation wi...Read More

Mako Mining (TSXV: MKO) has declared commercial production effective July 1 at its San Albino mine in northern Nicaragua.San Albino has a 500 tonne per day gravity and carbon-in-leach processing plant, which has been operating since May 12. Mako says the plant has been averaging 456 tonnes per day at 71% availability, thereby meeting the commercial production threshold.At the end of the pre-commer...Read More

NexGen Energy (TSX: AM; NYSE: NXE) recently signed two benefit agreements with First Nations affected by the proposed development of its Rook I uranium project near the southwest rim of the Athabasca Basin in Saskatchewan.The project is located on traditional territory of the Buffalo River Dene Nation (BRDN) and the Birch Narrows Dene Nation (BNDN). The company has signed an impact benefit agreeme...Read More

Marimaca Copper Corp. (TSX: MARI) announced that drilling results from the remaining reverse circulation drill holes completed at the Cindy target have intersected significant copper mineralization, extending the strike length to over 800m.Cindy is located less than 5km to the north of Marimaca's oxide deposit in northern Chile near, considered to be the only copper discovery globally in the last...Read More

The Philippines has renewed the contract for OceanaGold's (TSX: OGC; ASX: OGC) Didipio gold and copper mine for another 25 years, after almost two years of the operation being halted due to a dispute with a provincial government over the company's license to operate.The renewed Financial or Technical Assistance Agreement (FTAA) applies retrospectively from June 19, 2019, and keeps financial terms...Read More

Canada's Lucara Diamond (TSX: LUC) has found a 62.7 carat fancy pink diamond at its prolific Karowe mine in Botswana, which has been named "Boitumelo" meaning "Joy" in Setswana, the national and majority language.The rock, Botswana's largest fancy pink diamond yet, weighs 62.7 carats and measures 26x17x16mm. Described as a high-quality, fancy pink, Type IIa gem, it is also one of the world's l...Read More

Located 8km west of the mainstay T3 deposit, the higher-grade A4 discovery is being banked on to upscale Motheo from a 30,000tpa copper producer to 55,000tpa within 12-18 months of first T3 productionRead More

U.S. inflation soared in June to its highest level in 13 years, according to the Labor Department's latest core consumer price index.Data released on Tuesday morning showed a 5.4% annual increase to core CPI. It was the biggest jump for the index since August 2008 and much higher than the 4.9% increase expected by analysts. On a monthly basis, meanwhile, consumer prices rose 0.9% in June.Inflation...Read More

Supply concerns are pushing up prices across the global nickel complex, as strike action at Vale's Sudbury mine in Ontario dents regional pellet availability and drives up competition for briquettes, while simmering concerns about Indonesia's latest Covid-19 lockdown push the LME three-month (3M) contract to its highest level since 25 February.Read full newsRead More

Rover Metals Corp. further to its release of June 8, 2021, announcing the start of its Phase 2 Exploration Program at its 100% owned Cabin Gold Project.Read full newsRead More

Great Thunder (CSE:GTG) has expanded its Bursey property by acquiring the Bursey East claims in NewfoundlandRead full newsRead More

Rover Metals (TSXV:ROVR) has announced the start of its phase 2 exploration program at its 100% owned Cabin Gold Project.Read full newsRead More

Southeastern Arizona mining history was influenced by earlier mining operations in New Mexico. One such was the gold discovery at Pinos Altos (High Pines). It is located 8 miles northRead full newsRead More

"We will have a larger resource which allows us to mine it faster. The PEA will be significantly bigger than the 5,000 tonnes per day throughput we had last time," he said.Read More

(IDEX Online) - Diamond jewelry that belonged to Sammy Davis Jr is to be auctioned next week (20 July).Five lots are being offered at the Bonhams California Jewels sale, among them a fancy brown diamond ring seen in many performance photos (estimated at $7,000-9,000).Davis, who died in 1990, was an icon of the US entertainment industry and part of the "Rat Pack", alongside Frank Sinatra, Dean Mart...Read More

(IDEX Online) - De Beers hiked its rough prices yet again as Sight 6 opened yesterday in Gabarone.Better quality stones are reportedly up by five per cent as the midstream clamors to re-stock, consumer demand rallies in the USA and China - and production at the mines fails to keep up.De Beers has raised prices at almost every Sight this year, after Covid devastated its 2020 sales. Increases at the...Read More

(IDEX Online) - An exceptional 39.34-carat blue rough diamond has been sold for over $40m.The Type IIb diamond (pictured), was recovered by Petra at its Cullinan mine, South Africa, in April, and was sold yesterday for an up-front cash payment to a partnership between De Beers and Diacore.The price paid was $1,021,357 per carat, slightly less than the $1,156,000 per rough carat paid for another di...Read More

According to Geoscience Australia, as of the start of 2020, South Australia hosted 67% of Australia's economic demonstrated copper resources, followed by New South Wales (14%), Queensland (11%) and WARead More

Copper production from the company's Riotinto mine in Spain amounted to 14,353 tonnes, up 2.7% on the previous quarter and 5.3 % higher than Q2 2020.Read More