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 indexes were boosted by tech stocks as investors expect a robust earnings season while interest rates remain low, Reuters reported.The S&P 500 closed up 0.23% to 4,290.61 and the Nasdaq gained almost 1% to close at 14,500.51.The gold price is similar to yesterday, at US$1,776 an ounce on the spot market.Base metals were mixed in London."We have a big week ahead with important data releases...Read More
The company successfully raised A$5.2 million at 20c of up to $7 million sought.Read More
Commenting in the bank's Q3 outlook, Hansen said while some economists believe the current boom in commodity prices is cyclical - rather than structural - and that demand is now slowing as creditRead More
Share this article VANCOUVER - FPX Nickel Corp. [TSXV-FPX] on Tuesday said drilling programs have been launched at the company's wholly-owned Decar nickel district in central British Columbia."This marks the commencement of the most active campaign at Decar since 2012, with a focus on resource confirmation and expansion at the Baptiste deposit plus an initial drill campaign at the Van target, loc...Read More
(IDEX Online) - Burgundy is to set up its own cutting and polishing facility for yellow diamonds recovered from its newly-acquired Ellendale Mine, in Australia.The factory will also be used for gems from its Naujaat project in Canada, where bulk sampling for fancy yellow to orange yellow diamonds is about to start.And the company says it will offer manufacturing services to third parties.Ellendale...Read More
(IDEX Online) - A pet parrot underwent emergency surgery after swallowing its owners diamond necklace.Vets recovered 21 gems, each weighing 0.2-cts from the bird's stomach. It had pecked them one by one from the necklace.The parrot, an eight-month-old sun parakeet from Bangkok, Thailand, called Frosty, was attracted to the glitter of the diamonds in the owner's jewelry box.The owner real...Read More
(IDEX Online) - Everyone knows that diamond is the world's strongest material. Well, not quite everyone. Researchers at Washington State University, USA, say lonsdaleite, is actually stronger.Lonsdaleite, also called hexagonal diamond, occurs as microscopic crystals associated with ordinary diamond and can be created, to some extent, now be created in the lab.It was first identified in 1...Read More
Perpetua's sustainable mining to bring only US antimony supplySPONSOREDperpetua resourcesArgentina: the future of uraniumSPONSOREDblue sky uraniumE3 Net-Zero Lithium: the next generation of lithium productionSPONSOREDe3 metals corpOrford's summer news flow forecast to flood inboxesSPONSOREDorford miningCommenting in the bank's Q3 outlook, Hansen said while some economists believe the curre...Read More
This week's episode features Nickel 28 Capital chairman Anthony Milewski in conversation with Northern Miner Podcast host Adrian Pocobelli at the Global Mining Symposium. Anthony describes in detail how China has created a seemingly insurmountable lead in dominating the battery supply chain for "years to come." He also discusses the fundamentals of nickel, lithium and cobalt, as well as the supply...Read More
Equinox Gold (TSX: EQX, NYSE: EQX) announced today that mining activities are underway at its new Santa Luz gold mine in Brazil.According to the company, construction remains on track to commence commissioning in the fourth quarter of this year and pour gold in the first quarter of next year, with the expectation of producing 110,000 ounces of gold annually for the first five years of operations.M...Read More
Russia has proposed introducing an export duty on aluminum as part of new measures to curb creeping inflation, sending regional premia in crucial European markets soaring, a new analysis by Bank of America (BofA) shows.The proposed measures will affect steel, copper, nickel and aluminum from August 1 until the end of December. The measures are expected to also compensate the state budget for incr...Read More
Shareholders of both Fortuna Silver Mines (TSX: FVI; NYSE: FSM) and Roxgold (TSX: ROXG) have approved the business combination of the companies in an all-share deal valued at about $1 billion (US$884.3 million)The deal, first announced on April 26, will see current Fortuna and former Roxgold shareholders owning about 63.6% and 36.4% of the outstanding Fortuna shares, respectively.Vancouver-...Read More
A project to build the United Kingdom's first large-scale commercial lithium refinery has received ?1.6 million in seed round funding, closing at more than five times the initial target amount requested by Green Lithium, the company behind the initiative.The cash injection adds up to the ?600,000 the firm had already received from the U.K. government's Automotive Transformation Fund back in Apri...Read More
As my readers know, I don't like to get into politics in my analyses; I cover economics and capital markets. That said, there are times when politics are so focused and powerful that we have to pay attention because the impact on markets will be enormous.This could be one of those times. House Minority Leader Kevin McCarthy, a Republican, has written an open letter calling on Congress to investiga...Read More
In our July 5-18 issue we bring you our popular rankings by market capitalization of the top ten Canadian-headquartered companies across five sectors. The lists are always a compelling read and are compiled by our colleagues at MiningIntelligence, which like The Northern Miner, is part of the Glacier Resource Innovation Group.If I had to pick one company - and sector - that stands out in this year...Read More
If you're like me, you haven't set foot in an airport in almost two years.When we eventually do, we'll enter a whole new world. It'll look a lot like the one before, but it will be fundamentally transformed.The way things are looking, some airlines might not be around anymore. I wouldn't be surprised if we still see even more government-brokered bailouts similar to what we saw in the last two rece...Read More
Mine worker in Northern Territory who tested positive is believed to have caught virus in hotel quarantine in QueenslandRead full newsRead More
VANCOUVER, BC, June 22, 2021 /CNW/ - Nevada King Gold Corp. (TSXV: NKG) ('Nevada King' or the 'Company') is pleased to to announce it has commence...Read full newsRead More
Aldebaran Resources Inc. is pleased to announce that the Company's common shares commenced trading today on the OTCQX (R) BesRead full newsRead More
Gold price flatRead full newsRead More