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
Historical failure of the two countries to work together is changingRead full newsRead More
By Jaime Llinares Taboada Caledonia Mining Corp. said Tuesday that gold production from its Blanket mine in Zimbabwe rose to a record high in the second...Read full newsRead More
LME copper was up 0.58% to US$9,377/t by mid-morning UK time on Friday, with nickel up 1.51% to US$18,610. Shares in BHP were up 1.61%, with Rio Tinto up 1.98% and Anglo American the biggest winner at 2.16%.The slight uptick came after US equities finished down on Thursday, with the S&P 500 and Nasdaq moving lower after hitting yet more all-time highs on Wednesday.Headlines in the US were domi...Read More
PGM (6E) production from the company's flagship Tharisa mine in the western limb of the Bushveld Complex rose 8.9% quarter-on-quarter to 39,000 ounces, with rougher feed grades up 7.8% to 1.52 g/t.Read More
The copper miner said it was now expecting to receive its draft UIC permit from the Environmental Protection Agency "towards the end of the third quarter", having previously expected the documentation by the end of June."Although that timing is later than previously expected, our understanding is there are no issues and that the agency just needs additional time to complete its internal reviews of...Read More
Look beyond market approach to project valuations: van ZylLeadershipProudfoot Global CEO Pamela Hackett talks wrestling chaos with industry leadersSPONSOREDproudfootYandal building on discovery successSPONSOREDyandal resourcesEmerging producer Horizon Minerals eyes mid-tierSPONSOREDhorizon mineralsThey include Marimaca Copper (capitalised at C$356 million), Filo Mining Corp ($1.1 billion), Solaris...Read More
With the copper price trending in record territory after nearly doubling over the past 12 months, mining veteran and industry luminary Rob McEwen tells The Northern Miner the time had finally come to unlock the inherent value of its large-scale, advanced Los Azules copper project in Argentina.McEwen Mining (TSX: MUX; NYSE: MUX) announced this week it would spin out the Los Azules copper project in...Read More
Argonaut Gold (TSX: AR) has announced high grade results from the ongoing 25,000-metre drill program at its Magino gold project in Ontario. The drill program is taking place as construction of an open pit mine at Magino advances toward expected first production in 2023.This year's drill program is primarily focused on tightening the drill spacing within the Elbow Zone, with a secondary focus on dr...Read More
In a recent report, the International Energy Agency warned that demand for critical minerals like copper, cobalt, lithium, nickel and rare earth elements needed for clean energy technologies is going to explode by 2040, and cautioned that "how policy makers and companies handle the challenges around reliable and sustainable supply will determine whether critical minerals are a vital enabler of cle...Read More
Canadian junior Lomiko Metals (TSXV: LMR, US-OTC: LMRMF) is exploring for graphite and lithium - critical materials used in the lithium-ion batteries driving electric vehicles (EVs) and in grid-level energy storage systems.Lomiko's flagship asset is its high-grade La Loutre project in Quebec, about 120 km northwest of the port of Montreal. It is also earning a 70% stake in Critical Elements Lit...Read More
Taseko Mines (TSX: TKO; NYSE-AM: TGB; LSE: TKO) has revealed further delays to the permitting timeline for its Florence copper project in Arizona as the company tries to convince the US Environmental Protection Agency (EPA) that the mine will not harm the state's water supply.The Vancouver-based miner plans to inject sulfuric acid and water deep underground to extract the already and naturally...Read More
Since Angus Geddes of the Sydney-based Fat Prophets made his "gold to hit US$1,000" prediction about 16 years ago, one struggles to remember any analyst that has got it right with the yellow metal.Read More
When we emerged from the throes of the pandemic, a lot of people were drawing comparisons to the Roaring '20s, certain that pent-up demand and government largesse would fuel an exuberant economic boom.But that's not what I saw. And it's not what I'm looking at right now.No, what I'm seeing right now reminds me a lot more of the early 2000s - the period defined by a red-hot housing bubble and soari...Read More
Yesterday we violated every decency, shocked every sensibility, offended every piety…That is because we maintained Donald Trump did the nation an incalculable good.An incalculable good? Here is a demoniac, argue his foes - an enfant terrible, a vicious scourge upon American democracy.Just so. And let it go into the record:We are not a Trump enthusiast. We find his economics badly informed, f...Read More
Kenorland Minerals Ltd. is pleased to announce it has entered iRead full newsRead More
Copper down but fear not, because it's coming homeRead full newsRead More
No lost time injuries at the Beatons Creek conglomerate gold projRead full newsRead More
Exciting news from Ariana Resources (LON: AAU) on Wednesday as it revealed that gold is now confirmed at the Kokkinoyia Sector of the Cyprus-based Magellan...Read full newsRead More
Barrick CEO practices what he preaches on the exploration frontRead full newsRead More
(IDEX Online) - Attendances at this year's big trade shows in Las Vegas may be hit by Covid-caution and a shift of dates from early June to late August.Just over half (54 per cent) of the 515 people surveyed by National Jeweler magazine said they expected to be there for JCK Las Vegas, as well as Luxury by JCK, AGTA GemFair, and the Las Vegas Antique Jewelry & Watch Show.By comparis...Read More