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 federal funds rate remains glued at zero... as Mr. Powell and his fellows announced this afternoon.Yet is the Federal Reserve wobbling on its forecast of "transitory" inflation? Does it now fear an enduring inflationary menace?Today they mumbled the "transitory" line again.Yet their "dot plot" suggests two rate hikes in 2023. In March, they plotted no increases until 2024.James McCann, deputy...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
Are you an investor who wants to park funds in gold? What's the best way to do it? Here's a guide.Read full newsRead More
Victory Resources Corporation is pleased to announce that the Company has launched an extensive geological sampling program on its recently acquired Smokey Lithium property in Esmeralda County, Nevada.Read full newsRead More
SKRR Exploration Inc. is pleased to announce it has entered intoRead full newsRead More
E79 Resources (CSE:ESNR) reports initial assay results received from the first two drill holes at its Happy Valley Gold Prospect.Read full newsRead More
Altiplano Metals (TSXV:APN) is completing an underground exploration and development plan at the historical Maria Luisa gold-copper mine.Read full newsRead More
Unlocking A District of Copper-Gold Deposits in ArgentinaRead full newsRead More
Exploring Compelling Copper-GoldPorphyry Opportunities in British ColumbiaRead full newsRead More
Exploring a Multi-metal Portfolio of Projects in Canada's Prolific Mining JurisdictionsRead full newsRead More
Price arguably similar to earlier deal involving broadly similar project, give or takeRead full newsRead More
TRU unveils corporate strategy "TRU Vision 2021", building shareholder value by exploring, developing & consolidating the Cape Ray-Valentine Lake Shear Zone.Read full newsRead More
Fredericton, New Brunswick--(Newsfile Corp. - June 15, 2021) - TRU Precious Metals Corp. (TSXV: TRU) (OTCQB: TRUIF) (FSE: 706) (Read full newsRead More
Voting underwayRead full newsRead More
Vancouver, BC - FinCanna Capital Corp. (CSE:CALI) (OTCQB:FNNZF) (the "Company" or "FinCanna"), is pleased to announce its wholly owned portfolio company that owns the proprietary ezGreen Point of Sale (POS) software has been approved by the City of Adelanto, California as the official Point of Sale vendor for city sanctioned cannabis events.The official approval by the city of Adelanto is an...Read More
Markets are awaiting more cues on inflation and monetary policy.After the European Central Bank last week kept monetary policy unchanged at accommodative levels, all eyes this week will be on the US Federal Reserve's policy meeting, with the bank expected to maintain its dovish stance, Reuters reported."With the market running a short USD position and leveraged funds having pared back shorts in US...Read More
The transition to underground involves the development of two underground mines called Reid Brook and Eastern Deeps which will achieve production of 40,000 tonnes of nickel in concentrate by 2025 withRead More
(IDEX Online) - A South African village is in the grip of a diamond rush, after a herd man dug up an unidentified stone on Saturday.More than 1,000 people have since flocked to KwaHlathi, in KwaZulu-Natal province, armed with picks, shovels and forks in the hope of making their fortune.The stones have yet to be identified but that hasn't deterred the crowds, nor have concerns about who owns t...Read More
(IDEX Online) - About 150 lecturers at Oxford University are boycotting the college attended by Cecil Rhodes, founder of the De Beers diamond empire.They're refusing to teach at Oriel College over its decision not to remove a controversial statue of Rhodes.Detractors accuse him of being a racist, a white supremacist and the father of apartheid.Rhodes gave his name to the territory that was on...Read More
(IDEX Online) - Ghana's only large-scale diamond producer has stopped mining, two years after the government took control.Ghana Consolidated Diamonds was bought by Jospong Group of Companies, a waste collection firm, in 2011. It promised to invest $100m over five years, to produce 1m carats annually and to create 2,000 jobs, but failed to deliver. The company was taken back into sta...Read More