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) - Diamond-producing countries will suffer a consumer backlash unless they can prove their output is responsibly sourced, warned Edward Asscher (pictured), president of the World Diamond Council (WDC).He said some sectors of the industry believed the Kimberley Process restricted trade, rather than enabling it. The result, he said, could soon be a "marketplace with two diamond val...Read More

(IDEX Online) - A woman farm laborer found a 4.5-ct diamond, thanks to torrential rains in India.She was planting tomato seeds when she chanced upon the gem in the Kurnool District of Andhra Pradesh state on Sunday, according to local media reports.The first rains of the season wash away a layer of clay, attracting crowds hunting for newly-exposed diamonds that were lying just below the surface.Th...Read More

(IDEX Online) - Plans by the USA to impose a retaliatory tariff of up to 25 per cent would have an "immense impact" on jewelry exports from India, says industry boss Colin Shah.He says jobs would be lost as a result, and business would shift from India to China and Mexico.The United States Trade Representative (USTR) is targeting India and five other countries for taxing foreign internet-based com...Read More

Los Azules is a porphyry copper project with indicated resources of 962 million tonnes grading 0.48% copper, 1.8 grams per tonne silver and 0.06g/t gold, containing 10.Read More

Drilling at Callinex Mines' (TSXV: CNX; US-OTC: CCLXF) Rainbow deposit in Manitoba has returned wide intersections of high-grade copper.Drill hole PBM-129-W2 hit a broad interval of 67 metres grading 2.73% copper, 0.13 grams gold per tonne, 3.46 grams silver per tonne and 0.12% zinc (2.89% copper equivalent), starting from 776 metres downhole, including 2.5 metres of 17.6% copper, 0.49 grams gold...Read More

New Found Gold (TSXV: NFG; US-OTC; NFGFF) has found a new high-grade zone at its 100%-owned Queensway gold project in Newfoundland, 15 km west of Gander.The discovery hole, NFGC-21-241, intersected 5.25 metres grading 430.17 grams gold per tonne starting from 207.85 metres. A second hole, NFGC-21-171, returned 4.85 metres grading 10.36 grams gold from 223.45 metres.New Found Gold has named the ne...Read More

Worldwide gold and copper production growth will resume in all earnest following the stop-start nature of Covid-19 disruption that miners have experienced at times during the past 18 months, two new reports by Fitch Country risk and Industry Research show.For gold, Fitch expects production growth in 2021 to achieve its fastest rate in three years. Over the medium-term (2021 to 2025), global mine p...Read More

Swiss-based multinational miner Glencore (LSE: GLEN) has disclosed US$5.7 billion in taxes, royalties and other government payments in 2020.The diversified mining house says the covid-19 pandemic caused major production outages across the portfolio last year amid softer commodity prices: the result, lower payments to host nations compared with the 2019 total of US$7.7 billion.The group's effective...Read More

Azarga Uranium (TSX: AZZ; US-OTC: AZZUF) has released a preliminary economic assessment (PEA) for its 100%-owned Gas Hills in-situ recovery (ISR) uranium project in Wyoming, about 72 km east of Riverton.The PEA envisions Gas Hills producing about 1 million lb. of triuranium octoxide (U3O8) per year for a total of 6.5 million lb. of U3O8 over a seven-year mine life.Initial capital costs are expect...Read More

Alpha Lithium (TSXV: ALLI; US-OTC; ALLIF) has produced lab-scale quantities of lithium hydroxide and lithium carbonate from its 100%-owned Tolillar Salar project in Argentina, about 170 km southeast of the city of Salta."While this is limited bench scale production, it showcases our strategic goal to achieve production and our proven ability to operate at an incredible pace in Argentina," Brad Ni...Read More

Spearmint Resources (TSXV: SPMT; US-OTC: SPMTF) has intersected lithium values in all ten drill holes completed at its Clayton Valley lithium clay project, and recently completed its first resource estimate on the project, about 280 km northwest of Las Vegas and 55 km west of the town of Tonopah, in Nevada.The company announced the resource estimate on June 11, outlining indicated resources of 196...Read More

Success didn't come immediately for Vizsla Silver (TSXV: VZLA; US-OTC: VIZSF) when it began its first drill program at its Panuco silver-gold project, in Mexico's Sinaloa state, in early 2020,The junior had just signed a US$43 million option agreement for Panuco in September 2019, after listing on the TSX Venture Exchange the year before."We hadn't really hit what we were looking for," said Vizsla...Read More

Falco Resources (TSXV: FPC) and Glencore (LSE: GLEN) have signed an agreement in principle that paves the way for Falco to develop its Horne 5 project in Quebec.The agreement in principle outlines the terms that will be in a finalized operating licence and agreement (OLIA) expected in the third quarter. These include the establishment of a joint technical and strategic committee to collaborate on...Read More

Magna Gold (TSXV: MGR; US-OTC: MGLQF) has declared commercial production at its 100%-owned San Francisco gold mine in Sonora, Mexico. That puts the company on track to meet its 2021 guidance of 55,000 to 65,000 oz. gold.The mine will produce approximately 6,000 oz. gold per month in the third quarter and 7,500 oz. per month in the fourth quarter.To achieve commercial production, Magna completed pr...Read More

Vale (NYSE: VALE) is investing $150 million (US$122 million) to extend by ten years its mining activities in the Canadian province of Manitoba.The figure, the company's largest single investment made at its Thompson nickel operations, will also be allocated to continuing exploration in the area to search for new deposits that hold the promise of mining well past 2040.Dino Otranto, chief operating...Read More

1: The stock market is deliriously overvalued by history's standards…2: Investors fully acknowledge 1…3: Investors continue to pile into the stock market despite 1.Conclude the gentlemen and ladies of Bespoke Investments:"Investors simultaneously think the market is overvalued but likely to keep climbing."Natixis Investment Managers adds that wealthier Americans - those with a minimum...Read More

The price of gold is set to record its worst month since 2016.But the pieces are still in place for a major bull run.Gold prices have shed more than 7.5% this month, dipping below $1,750 an ounce yesterday. Prices have largely been pulled down following mid-June's FOMC meeting, where board members projected raising interest rates earlier than previously forecasted.Gold - One Month Thirteen of the...Read More

It comes after the security situation at RBM continued to escalate. "The safety of our people is our top priority," Rio Tinto chief executive Minerals Sinead Kaufman said.Read More

Blaming a slight dip in the gold price doesn't quite stack upRead full newsRead More

Announce agreement in principleRead full newsRead More