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

The spot gold price was about US$1,805/oz just before 10am London time on Wednesday morning.After surging to a new high for the seventh consecutive session on Friday, the S&P 500 slid 0.2% on Tuesday as talk of a wider correction began to circulate.US stocks fell after the Institute for Supply Management revealed service sector activity was 60.1% in June, down three percentage points from May...Read More

Iron ore pellet production for the June quarter amounted to  2.8 million tonnes, down 0.8% year-on-year, with high-quality pellets (65% Fe and 67% Fe) marking 100% of total output.Read More

Share this articleTORONTO - Tanzanian President Samia Suluhu Hassan and Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX) president and chief executive Mark Bristow met today to review progress at Twiga Minerals Corporation, the joint venture established in October 2019 to manage the company's gold mines in the country and to discuss the partnership's future plans and prospects.Since Barrick took o...Read More

Share this articleVANCOUVER - Amerigo Resources Ltd. (TSX: ARG; ARREF: OTC) reported that Minera Valle Central, the Company's 100% owned operation located near Rancagua, Chile has received its first annual Renewable Energy Certificate, issued by the International REC Standard.The REC is an Energy Attribute Certificate under which MVC can reliably claim that the 308,653 MWh it consumed during the p...Read More

(IDEX Online) - Police seized diamonds worth $33,000 from smugglers in the central Indian town of Gariyaband after enlisting the help of residents.   The area is well known for its for diamondiferous kimberlite rocks.    Officers encouraged locals to provide information on illegal digging, and as a result they confiscated 221 rough stones, according to The New Indian Express.  ...Read More

(IDEX Online) - Malabar Gold & Diamonds, the Indian jewelry retailer, is hiring 5,000 new workers as it expands its network of 260 stores.Most of the new positions will be at its headquarters in Kozhikode, in the southern state of Kerala.In April the company, which has an annual turnover of $4.51bn, announced the opening of 40 new shops in India, and another 16 in Singapore, Malaysia, Oman, Qa...Read More

(IDEX Online) - Sales at Luk Fook fell by over a fifth as the retail jeweler was hit by a tourism slump.Same-store sales for Hong Kong, where the company is based, and for Macau, slumped by 47.1 per cent, due largely to Covid-related travel restrictions.Luk Fook also has stores in Mainland China, Singapore, Malaysia, Cambodia, the Philippines, the United States, Canada and Australia. Mainland stor...Read More

(IDEX Online) - Watch retailers are facing a seismic shift as manufacturers increasingly cut out the middleman and sell to direct to consumers.In the premium to ultra-luxury watches industry, an estimated $2.4bn in revenue will transfer from multibrand retailers to watchmakers from 2019 to 2025 as a result of DTC (direct to consumer) sales, says the annual State of Fashion report by the Business o...Read More

(IDEX Online) - Researchers believe diamonds found in Canada are 2.7 billion years old - and say they provide compelling evidence that the Earth is considerably older.They say the tiny gems are effectively acting as time capsules. Minute quantities of gas trapped inside them reflect the chemical composition of the Earth's mantle at the time they were formed.What they reveal is that the propor...Read More

Canadian miner Centerra Gold (TSX: CG; NYSE: CCAU) has brought additional claims in its binding arbitration against the Kyrgyz Republic government as it fights the "wrongful expropriation" of the cornerstone Kumtor mine. Centerra has also named, state monopoly gold refiner and Centerra's largest shareholder, Kyrgyzaltyn, as a respondent.According to the amended notice of arbitration, Kyrgyzaltyn...Read More

Skeena Resources (TSX: SKE; US-OTC; SKREF) has reported the latest drill results from the Phase 3 infill and exploration program at its wholly-owned Snip gold project in B.C.'s Golden Triangle, about 100 km northwest of Stewart.Highlights included drillhole UG21-177, which intersected 4.41 metres grading 110.22 grams gold per tonne from one metre downhole, including 0.58 metres of 730 grams gold....Read More

After hitting a new record of US$4.88 per lb. on May 10, LME cash copper prices are expected to average US$4.20 per lb. in 2021 and US$3.96 per lb. in 2022, according to the inaugural edition of Critical Metals for a Sustainable World, a new monthly publication by Capitalight Research.The Toronto-based research group notes that "trend copper prices must remain well above long-term 'incentive level...Read More

Let me get straight to the point: Tales From The Prospect Club is one of the most enjoyable reads of the year. A collection of stories so memorable that reading them evokes a feeling of "what a loss if these weren't captured in book form for all of posterity." In its pages you will meet many of the great characters that have driven the industry over the last 70 years as seen through the lens of t...Read More

Solaris Resources (TSX: SLS; US-OTC; SLSSF) has reported the latest assays from its flagship Warintza copper-gold project in south-eastern Ecuador, about 85 km east of the city of Cuenca.The company reported results from four drill holes that the company says have extended the strike length of Warintza Central 1,250 metres to the east, with some of the strongest intervals reported so far on the p...Read More

Manganese X Energy (TSXV: MN; US-OTC: MNXXF) has released the first resource estimate for the company's wholly owned Battery Hill manganese project in southwestern New Brunswick, about 5 km from the town of Woodstock.Battery Hill now has a measured resource of 11.26 million tonnes grading 6.75% manganese and 10.96% iron. Indicated resources are 23.6 million tonnes grading 6.26% manganese and 10.53...Read More

The true climate change impact of producing battery-grade graphite can be as much as ten times higher than published values, depending on the energy and material inputs, a new report by environmental consultancy and software provider Minviro states.The report is described as a Life Cycle Assessment (LCA), whose goal is to show the quantifiable impact of producing critical metals and minerals.Accor...Read More

Highlights from drilling about 470m below the current mineral resource pit shell included 67m grading 9.21% copper including 21m grading 14.14% copper, its best hole on a grade-metre basis.Read More

Highlights included 1,000m grading 0.60% copper equivalent including 786m grading 0.67% copper equivalent from surface, extending the limits of mineralisation more than 150m to the east.Read More

In less than 12 months, Vancouver-based New Found Gold Corp. (TSX: NFG) has transformed from a tiny, unknown gold explorer with a meager CAD$30 million IPO into a CAD$2 billion market darling.And now the company is planning to take their story to the Big Board.New Found Gold announced this week that it has been cleared to apply to list common shares on the NYSE. If approved, the company says it ex...Read More

The award, made during NAIDOC Week, is the single largest contract under FMG's 10-year-old Billion Opportunities Aboriginal procurement program, and followed a competitive tender process. Warrikal CEO and co-founder, Koori businesswoman Amanda Healy, said the contract built on the company's relationship with FMG. Warrikal was founded in 2017 to provide engineering solutions across the mi...Read More