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
A report by market researcher CRU Group forecasts that demand for zinc, copper, and nickel will continue to grow in the next two decades, particularly in China where government stimulus may drive it to levels even higher than what was predicted in pre-pandemic forecasts.The rest of the world, however, will continue to work towards recovering last year's losses, particularly because Covid-19 remain...Read More
As the clean energy sector continues to drive copper demand, new sources of supply are being increasingly sought, and Canadian companies are leading the hunt to find more of the metal at home.Ontario-based project generator Rich Copper Exploration is one of these, and is focussing on projects in the northern part of the province, as well as on Canada's east coast. The privately held junior's holdi...Read More
E3 Net-Zero Lithium: the next generation of lithium productionSPONSOREDe3 metals corpLake making waves with cleaner lithiumSPONSOREDlake resourcesMRC's Skaland is a jewel cut for a European graphite crownSPONSOREDmineral commoditiesMarimaca explains its plans to develop and expand its namesake projectSPONSOREDmarimaca copperThat might sound like a desperate attempt to inject a bit of colour in...Read More
Since it began operating as a project generator in 2005, Vancouver-based project generator Strategic Metals (TSXV: SMD) has maintained its focus on researching and exploring an ever-increasing portfolio of high-quality assets that span a wide range of commodities and deposit types.After beginning in Canada's Yukon, Strategic Metals slowly expanded its exploration work to now include assets in nort...Read More
(IDEX Online) - Eight suspects have been arrested over an attempted gem heist in which smoke bombs caused panic among the crowds at St Mark's Square, in Venice.Visitors feared a terror attack was under way when the raiders struck in March 2017.It soon became clear the confusion was a cover for an attempted robbery at a high-end jewelry store.A tourist alerted police and the raiders - at least...Read More
I try to keep politics out of my economic analyses, and my approach is non-partisan. But sometimes I can't avoid it because political policies can have significant economic impacts. Today is one of those times.One of Joe Biden’s first acts as President was to kill construction of the Keystone XL pipeline. This is a pipeline that would bring oil from the tar sands of Alberta, Canada to the Mi...Read More
Dear Outsider,On May 17, 1792, 24 stockbrokers and merchants gathered under a buttonwood tree outside 68 Wall Street to sign the Buttonwood Agreement, a document that would set the foundation for the New York Stock Exchange as we know it today.Revered as one of the most influential financial documents in history, the Buttonwood Agreement sought to stabilize the securities market after the Panic of...Read More
Barrick Gold Corporation GOLD recently announced that the framework agreement between the Papua New Guinea ("PNG") government and operator Barrick Niugini Limited ("BNL") took a major step forward to restart the Porgera gold mine. The deal provides that the Porgera mine will be owned by a new joint venture held 51% by PNG stakeholders and 49% by BNL. Per the terms, BNL will continue as the operato...Read More
(IDEX Online ) - The biggest polished diamond ever mined in North America has been bought by Diacore.The Dancing Sun, a 204.36-carat fancy intense yellow VVS2-clarity diamond, was sold at Christie's New York for $4,950,000. Nir Livnat, executive chairman of Diacore, described the purchase as a "pricey feat". The high estimate was $5.5m.The company buys, sells and manufactures high-...Read More
(IDEX Online) - Almost 500 illegal diamonds have been sold by the government of Lesotho.Its's the first time the landlocked Mountain Kingdom has conducted its own auction, rather than sending rough diamonds to Antwerp.Most of the gems (353) were confiscated by the police from small-scale miners who operate outside the law. The remaining 140 were uncertified stones handed in during a five-mont...Read More
(IDEX Online) - Diana Ross's daughter, a 17-year-old ski champion and the star of The Queen's Gambit are Tiffany & Co's new global house ambassadors.Tracee Ellis Ross, 48, is an American actress, singer, television host, producer and director, and daughter of the Motown icon Diana Ross. She is best known on screen for Girlfriends and Black-ish.Eileen (Ailing) Gu, 17, is th...Read More
This week he [Paul Tudor Jones] made a similar call in response to runaway inflation, saying he'd go "all in" on not just gold but also crypto and commodities if the Federal Reserve refuses to step in and tame rising consumer prices.Read full newsRead More
From the largest ASX-listed gold producers to mid-tier players, today's a sea of red for ASX gold shares The post ASX gold shares are sliding today appeared first on The Motley Fool Australia.Read full newsRead More
Ready Set Gold Corp. is pleased to announce that it intends to coRead full newsRead More
UK capital yet to see an influx of new miners to the LSE or AIMRead full newsRead More
Company gives best sign yet big potash project will get the green lightRead full newsRead More
Vancouver, BC June 18, 2021 - KORE Mining Ltd. (TSXV: KORE | OTCQX: KOREF) ("KORE" or the "Company") is pleased to announce that it has closed its previously announced bought deal public offering (the "Offering"). Pursuant to the Offering, the Company issued 8,422,000 units (the "Units") of the Company at a price of $0.95 per Unit for aggregate gross proceeds of $8,000,900.Each Unit consists of on...Read More
Trading under the ticker HCHDF, Hochschild chief executive Ignacio Bustamante hailed the new listing as "a valuable opportunity and [we] believe it will provide a cost-effective way to access U.S.Read More
Share this article VANCOUVER - Mining financier Eric Sprott has emerged as a major shareholder of TRU Precious Metals Corp. [TRU-TSXV; TRUIF-OTCQB; 706-FSE], a company that is engaged in gold exploration in Newfoundland.TRU shares rallied on the news, rising 12.7% or $0.04 to 35.5 cents on volume of 493,500. The shares are currently trading in a 52-week range of 52 cents and 12 cents.A numbered c...Read More
GoldSpot Discoveries Corp. (TSXV: SPOT; OTCQX: SPOFF) will use its proprietary machine learning and artificial intelligence technology to look for lithium and tantalum exploration targets at Critical Elements Lithium's (TSXV: CRE; US OTCQX: CRECF) landholdings in Quebec, Canada.The technology was pioneered in the gold exploration industry, evolving to work across all commodities and deposit types....Read More