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

Here are three Canadian gold stocks that Bay Street analysts expect to rise by nearly 70% return within a year. The post Analysts Expect These 3 TSX Gold Mining Stocks to Jump 70% in a Year appeared first on The Motley Fool Canada.Read full newsRead More

By Sabela Ojea Nord Gold PLC said Tuesday that it has decided to postpone its initial public offering on the London Stock Exchange. The Russian gold-mining...Read full newsRead More

Congolese authorities have seized 31 kg of gold, worth around $1.9 million, in the Okapi Wildlife Reserve in the country's northeast, in a rare loss for smugglers who fraudulently bring tonnes of Congolese gold into the global market each year.Read full newsRead More

Ariana Resources (LON: AAU) posted another set of strong drilling results from the Kiziltepe gold-silver mine in Turkey, with the Derya vein system once ag...Read full newsRead More

'We then expect a rally'Read full newsRead More

Chinese regulators were looking into the iron ore spot market and pledged this week to crack down on hoarding and speculation, Reuters reported.The MySteel 62% Australian fines lost 2.99% to US$211 per tonne.However 58% fines gained 4.4% to $181.40/t.A weaker US dollar helped lift base metals, with nickel up 1.7% on the London Metal Exchange to $17,724.50/t.The global nickel market posted a defici...Read More

The company's fifth sales cycle from June 7-22 delivered US$470 million in revenue.   The figures are provisional and subject to adjustment based on final completed sales.Read More

(IDEX Online) - A huge 1,174-carat diamond has been recovered in Botswana - just days after the announcement of a 1,098-carat stone.The newly-discovered stone (pictured), from Lucara's Karowe mine, is a clivage gem, which will need to be split before being processed further.It weighs 1,174.76 carat, but could well have been part of an even bigger rough stone - of more than 2,000 carats."On th...Read More

(IDEX Online) - Bulk sampling for high-value fancy yellow to orange yellow diamonds is about to start in Canada's northernmost territory.Field crews for Vancouver-based North Arrow Minerals will collect up 2,000 tonnes in a $4.5m program funded by partner Burgundy Diamond Mines.Eight kimberlite pipes have been identified at the Naujaat Project near the community of Naujaat, Nunavut, in the Ca...Read More

(IDEX Online) - De Beers sold $470m (provisional) of rough at Sight 5, which has just ended in Gabarone, halting a four-month slide in sales.In a statement released today the miner said sentiment was "increasingly optimistic", despite ongoing Covid concerns.Sales at its fourth sight of 2021 were $385m, the lowest this year. Sales in January peaked at $663m, a three-year-high. They fell to $550m in...Read More

(IDEX Online) - A rough tender held in Dubai last week raised around $30m, with all 18,655 carats sold, said Trans Atlantic Gem Sales (TAGS).All qualities and sizes were in "extraordinarily strong demand", it said, especially single stones and exceptional specials.First-time customers from Israel attended, as well buying teams for Indian clientele.TAGS said it achieved record pricing across all ra...Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationHowever the investment bank then expected to see "a rally to new highs over the next three-plus months", analyst Christopher LaFemina said.China announced plans this month to sell some of its strategic reserves in a move designed to stabilise prices.Huntsman Set to Expand Nickel Sulphide Discovery at Canegras...Read More

Anaconda Mining (TSX: ANX; US-OTC: ANXGF) has released a preliminary economic assessment (PEA) for its 100%-owned Goldboro gold project in Nova Scotia, approximately 175 km northeast of Halifax.The study envisions a 17.6-year open-pit and underground mining operation producing 1.95 million oz. of gold over its lifetime, with average production of 89,500 oz. per year over the first seven years fro...Read More

Great Bear Resources (TSXV: GBR) continues to make golden strides in its exploration drilling program at one of Canada's most extensive new gold discoveries in recent years.President and CEO Chris Taylor tells The Northern Miner the company is nearing the finish line on its marathon drilling campaign. The company has set itself to complete more than 175,000 metres of drilling this year using a ful...Read More

Nickel's primary purpose is for the production of stainless steel, but the metal also plays a key role in the global transition to clean energy and in EV battery production.Tesla CEO Elon Musk put nickel in news headlines last year when he called on the world's miners to produce more, and a recent report by Roskill found nickel demand from the EV sector alone is expected to grow by 2.6 million...Read More

The surge in zinc prices in 2020 and 2021 is expected to gradually unwind following a period of peak pricing forecast for the September quarter, a new assessment by Fitch Country Risk and Industry Research shows.https://www.fitchsolutions.com/products/country-risk-and-industry-researchThe global production surplus that emerged in 2020 should persist into the medium term, and the resulting increase...Read More

Kenorland Minerals' (TSXV: KLD) Frotet project in the Frotet-Evans greenstone belt of Quebec, 100 km north of Chibougamau, is shaping up to be a potentially significant gold system, says Zach Flood, Kenorland's president and CEO.The junior gold explorer recently completed a 30-hole (8,591 metres) winter drill program at the Regnault gold discovery on Frotet, with 14 of the 15 assay results report...Read More

Sometimes new data can shed light on an uncertain situation, especially in financial markets. Other times it simply adds to the confusion. Such was the case with the most recent U.S. employment report released June 4 for the month of May.The analyst world was glued to their news feeds, anxiously awaiting the latest report. The result was - bafflement.The report showed job gains of 559,000. That's...Read More

Answering questions by a special House subcommittee yesterday, Federal Reserve Board Chair Jerome Powell admitted that inflation in the U.S. has risen to levels higher than previously expected, before reiterating the Fed's stance that higher inflation is only temporary."I will say that these effects [inflation] have been larger than we expected," the Fed chair told lawmakers, "But the incoming dat...Read More

EBITDA to fall 10% say analystsRead full newsRead More