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
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationThe unprecedented management, compensation and repair agreement was reached by BHP, the State Defense Council and the Atacameño Peoples Council, as well as the Peine Indigenous Community, whichRead More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationManagement are looking into a new, lower-cost approach to mining Rockcliff's Tower and Rail deposits in Manitoba, plus potential M&A activity to "bring scale".Chairman Donald Christie, who is CEO of circa 27% shareholder Norvista Capital, was appointed interim president and CEO, effectively immediately, t...Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationThe announcement comes days after the Canada-based company said it was seeking an exemption to the DRC's reinstated export ban on concentrates as Kamoa-Kakula started production last week. Offtake and export agreements for the balance of the copper concentrates produced during phase one were "nearing fin...Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationThere had been a major, 135 million tonne landslide at Bingham Canyon's north-east wall in April 2013, with recovery work taking two years and constraining production. Rio did not refer to any potential impact on production from the latest slip, which occurred in the south-east corner of Bingham Canyon.H...Read More
One of the top contenders to bring new copper pounds to market in the medium term is Taseko Mines (TSX: TKO; NYSE-AM: TGB; LSE: TKO), operator of the 75%-owned Gibraltar open-pit mine in British Columbia, company president Stuart McDonald tells The Northern Miner.The Vancouver-based company is awaiting a final permit decision by the U.S. government's Environmental Protection Agency (EPA) on its Fl...Read More
Recent drill results from Newcore Gold's (TSXV: NCAU; OTCQX: NCAUF) Enchi project in Ghana underlines the company's district-scale exploration opportunity in Africa's top gold producing nation, president and CEO Luke Alexander tells The Northern Miner.On June 1, Newcore reported drilling at the Boin gold deposit, one of three resource-stage deposits comprising Enchi, had intersected 0.9 grams gold...Read More
Monarch Mining (TSXV: GBAR; US-OTC: GBARF) plans to reopen its Beaufor mine and Beacon mill, 20 km east of Val-d'Or, Quebec, by next June.Currently on care and maintenance, Beaufor has produced over 1.1 million oz. of gold at an average grade of 7.5 grams gold per tonne since first production in the 1930s.Before the suspension of operations in June 2019, the operation employed 150 people at the mi...Read More
Global miners can continue to expect an "exceptional year of earnings" through 2022 as a broad commodity price rally underpins strong financial results for most actors, according to a new report from Fitch Solutions.Despite sky-high earnings, Fitch expects miners to maintain restraint over capital expenditure, instead focusing on further debt reduction with the additional profits generated this ye...Read More
Kinross Gold (TSX: K; NYSE: KGC) has signed a US$9.5 million farm-in agreement with a Finnish subsidiary of Australia-based S2 Resources (ASX: S2R) to look for gold.The agreement covers about 83 sq.-km of S2's noncore gold tenements in Finland, with the Australian junior on Thursday saying that it would retain full ownership of 498 sq.-km of ground holding the Aarnivalkea gold prospect and the Ruo...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 4.0SPONSOREDRemembering the lessons from the last gold bull marketSPONSOREDsrk consultingIn reporting the company's 2020 financial results in March, Image chief executive Patrick Mutz...Read More
Russian gold producer Nordgold is planning an initial public offering (IPO) of at least 25% of its existing shares in London, with a secondary listing in Moscow, as it seeks to take advantage of renewed interest in gold investments.The miner won't sell new shares, but said the IPO would broaden its financing opportunities and help the company to retain key managers. It said it hoped for a premium...Read More
Recent drill results from Newcore Gold's (TSXV: NCAU; OTCQX: NCAUF) Enchi project in Ghana underlines the company's district-scale exploration opportunity in Africa's top gold producing nation, president and CEO Luke Alexander tells The Northern Miner.On June 1, Newcore reported drilling at the Boin gold deposit, one of three resource-stage deposits comprising Enchi, had intersected 0.9 grams gold...Read More
"The evidence is clear. COVID lockdowns saved lives without harming economies."This we have the authority of one Los Angeles Times columnist - Mr. Michael Hiltzik by name.Here is the clear evidence he cites:An Italian team found that lockdowns start to reduce the number of COVID infections about 10 days after they start, and keep reducing the case rate for as long as 20 days following initiation.F...Read More
For more than a year now, I've been ringing alarm bells about inflation.But earlier this spring (March 11) I called out oil prices specifically."Oil prices have staged a comeback and are now trading above $65 per barrel - an 80% surge from their October lows," I noted. "Better still, for the industry at least, they're poised to shoot even higher."And indeed oil prices have continued their climb.We...Read More
Atlantic Gold's environmental impact statement drew strong criticism from individuals and groups who weighed in on the Fifteen Mile Stream project.Read full newsRead More
Marvel Discovery Corp. is pleased to report it has received its fRead full newsRead More
More reforms needed to prevent year-long delaysRead full newsRead More
Tesla is expected to become the first automaker to use LG Energy Solution's new NCMA battery cells, which have a 90% nickel composition. Over the last few years, Tesla has been adopting more new chemistries in its battery cells for its electric vehicles, especially with new vehicles being produced at Gigafactory Shanghai. By validating new [...]Read full newsRead More
Trend over the last decade suggests nuclear is in declineRead full newsRead More
The latest attempt to gauge the strength of the mining industry has been made by measuring activity in the services sector and by tracking costs.Read More