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 underwriters agreed to purchase 4.5 million units at C$1.10 each, a 6.8% discount to the company's closing price of $1.18 the night before, for $5 million; 4 million flow-through units at $1.Read More
Share this article VANCOUVER - Although it's not a widely known or understood industrial commodity, manganese is the fourth most common metal by tonnage after iron, aluminum and copper. Most of the world's manganese is used to improve the strength and toughness of steel or remove unwanted elements such as sulphur and oxygen. A silvery-white to grey, hard, brittle chemical transition metal, mangan...Read More
(IDEX Online) - The historic Chrysler Diamond has sold for $5.07m at Christie's New York, above its high estimate of $4.5m.The 54.03-carat Type IaB D-color, internally flawless pear-shaped diamond (pictured) takes its name from the socialite Thelma Chrysler Foy.Her father Walter Chrysler started life as locomotive engineer. He went on to found the Chrysler car corporation and personally funde...Read More
(IDEX Online) - Alrosa today reported $365m sales of rough and polished for May, down slightly from $401m in April.Monthly sales since the start of the year have been steady, averaging $365m. By way of comparison, De Beers has averaged rough sales of $408m at the four sights completed so far this year.Alrosa says demand remains strong from the Indian midstream and is "robust" in all key regions."D...Read More
(IDEX Online) - Gemologists from the IGI lab in Thailand spotted their biggest ever impostor stone - a 6.18-carat lab-grown that was being presented as a natural gem.It had been submitted for verification and came with a GIA certificate stating it was a natural diamond, D color, flawless clarity and triple excellent cut.The genuine stone had been fraudulently replaced with a lab-grown that had bee...Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationThe hole, which was drilled within January's maiden JORC resource, returned a total intersection of 619m at 0.41% copper and 0.08gpt gold, including 88m at 1.24% copper and 0.36gpt from 305m.Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationAt Havieron, drilling returned further high-grade extensions to the South East Crescent zone below the current inferred resource of 18 million tonnes at 3.8 grams per tonne gold and 0.Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationKamoa-Kakula, a joint venture with Zijin Mining, the government and Crystal River Global, began production two weeks ago but immediately faced a renewed export ban and started seeking an exemption. The company said yesterday Kamoa-Kakula was now "fully authorised to commence exports of blister copper an...Read More
After a difficult 2020 that saw a near shutdown of the diamond market for half the year as a result of pandemic-related travel restrictions, diamond prices have bounced back in 2021. Here's a look at eight active Canadian-listed diamond explorers and miners who've made it through the trough and are preparing for the upturn.Arctic Star ExplorationArctic Star Exploration (TSXV: ADD) has unearthed fo...Read More
Suddenly, diamonds are looking interesting again. The cutbacks in diamond production last year, allied to the substantial fall in manufacturing capacity in India (the major diamond cutting centre) as a result of the Pandemic, against continuing strong retail demand for diamond jewellery has cleared out the billions of dollars of rough and polished inventory overhang in the mid-stream. No new obvio...Read More
A group of 457 investors, which oversees more than US$41 trillion in assets combined, and a coalition of 79 company CEOs are calling on the G7 - Canada, France, Germany, Italy, Japan, the U.K. and U.S. - to work harder on reducing greenhouse emissions and cut funding for fossil fuels.In separate letters to governments as leaders of the G7 meeting in England, and ahead of a global climate summit in...Read More
After a roller coaster of a year that almost forced an early end to the Ekati diamond mine, the operation's new owners, Arctic Canadian Diamond Company, are hoping that the recovering diamond market will give Canada's first diamond mine a more solid foundation.The mine's future was put in doubt last March, when operations were suspended in response to the pandemic-related shut down of diamond mark...Read More
Great Panther Mining is a precious metals miner in the AmericasSPONSOREDgreat pantherStellar metrics just the start for near-term developer Theta GoldSPONSOREDtheta gold minesPAM puts itself in the middle of Thailand 4.0SPONSOREDThe future economy is looking greenSPONSOREDlomiko metals incIn little more than five or six years, Benchmark has turned itself into the go-to organisation for anyone, fro...Read More
After Red Pine Exploration's (TSXV: RPX) consolidation of its interests and 100% ownership of the Wawa gold project, followed with the subsequent acquisition of the War Eagle mining claims that lie adjacent to the property located in McMurray township, Michipicoten region of Ontario in April, the company reached a pivotal point.With ownership streamlined after buying out its 36.7% joint-venture...Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationSpeaking during a webinar, Skarn analyst Sophie Chung characterised securing renewable energy sources as a valid first step to decarbonising a mine and was particularly relevant in the copper sector.Read More
The biggest financial story today is fear of inflation. Inflation has spooked the bond market and raised expectations that the Fed will soon have to raise interest rates to fight inflation. Any increase in rates will also hurt stocks because stocks and bonds compete for investor dollars. If yields on bonds go up, prices on stocks will go down.Growth stocks, like many leading tech stocks, are espec...Read More
The market has thrown in with the Federal Reserve - it expects inflation to prove "transitory."May's consumer price index came issuing from the Department of Labor this morning.In the technical vernacular, May's numbers came in "hot" - 5% - the greatest scorching in 13 years. CNBC:The consumer price index, which represents a basket including food, energy, groceries, housing costs and sales across...Read More
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The gold mining sector is a popular field for investors as there are over 300 companies listed and publicly traded. Gold and gold mining companies are often seen as complementary...Read full newsRead More
The gold mining sector is a popular field for investors as there are over 300 companies listed and publicly traded. Gold and gold mining companies are often seen as complementary...Read full newsRead More