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
(IDEX Online) - Antwerp's polished import and export figures for April are well up on a year ago - during the depths of the pandemic - but are still significantly lower than the same month in pre-pandemic 2019.The value of rough exports soared by almost 25 times in April, compared with a year ago, when Covid brought the diamond industry to a near-standstill.Polished exports increased more tha...Read More
(IDEX Online) - Fifteen workers have died so far this year and more have been injured in accidents mining for gold and other precious metals in Zimbabwe, says a union boss.Justice Chinhema, general secretary of Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU) says many mines are increasingly unsafe. Ten fatalities were at small scale mines, he said. Five were at larger operations."...Read More
(IDEX Online) - Customs officials in Surat, India, seized two consignments of loose "lab grown" diamonds that were over the declared weight - and were actually higher-value natural gems.They were being sent from the tax-free Surat Special Economic Zone and were destined for Hong Kong, via Mumbai airport.The owner of Universal Diamonds, Meet Kachhadiya, wrongly declared the diamonds, said the Direc...Read More
(IDEX Online) - There was a slight overall increase in round prices among rounds. Fancies were more of a mix, and a number of sizes in both rounds and fancies saw little or no movement at all. There were a couple of localized bursts of activity, with a raft of price rises among 0.3-0.39-cts and 2.00-2.99-cts. Aside from that there was little or no movement in many sizes. There was virtually...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipGreat Panther Mining is a precious metals miner in the AmericasSPONSOREDgreat pantherStellar metrics just the start for near-term developer Theta GoldSPONSOREDtheta gold minesQC reported 138m at 0.48% copper-equivalent, including 76.5m at 0.78% Cu-eq and 27.8m at 1.4% Cu-eq; pl...Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationThe union was awaiting a decision by labour authorities over whether substitute workers BHP called in were legal, a union leader told Reuters.BHP told the wire service both Spence and Escondida "have adopted contingency plans to maintain its operations, always fully respecting the legal framework governing co...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 consultingReports of BHP initiating talks with Nutrien, the world's leading producer of potash, started...Read More
This week's episode features David Garofalo's keynote presentation in conversation with Northern Miner reporter Henry Lazenby at the Global Mining Symposium on May 20, 2021. Garofalo discussed the important role that streamers play in the industry, as well as the strong balance sheets of mining companies, and the need for more exploration - 'mine building is a lost art'.Also, Revival Gold presiden...Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationThe company reported an intercept of 28.7m of continuous mineralisation grading 2.05% copper equivalent in both the massive sulphide lens and the underlying copper stockwork zone (CSZ).Read More
After announcing its intention last week to make a $133 million offer to acquire Noront Resources (TSXV: NOT), Australia's Wyloo Metals still hasn't made a formal bid for the Ring of Fire-focused Ontario junior.But it has come out with a plan to create a "world-class Future Metals hub" in the Canadian province starting with a commitment to invest $25 million in studies that will look at the potent...Read More
JUNEAU, Alaska (AP) - A proposed gold mine in western Alaska has won a key approval,...Read full newsRead More
American Eagle Gold (AE: TSXV) has launched its campaign on the Investing News NetworkRead full newsRead More
Fredericton, New Brunswick--(Newsfile Corp. - May 31, 2021) - TRU Precious Metals Corp. (TSXV: TRU) (OTCQB: TRUIF) (FSE: 706) (Read full newsRead More
Vancouver, BC - Tribe Property Technologies (the "Company" or "Tribe"), a leading provider of technology-enabled property management solutions, today announced its financial results for the three months ended March 31, 2021.Quarterly Business HighlightsReported record revenue and strong gross margin2 percentage improvementCompleted its going-public transaction, releasing $13.3 million of cash f...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ | OTCQB: VENZF) ("Venzee" or the "Company"), a "smart tech" Software as a Service (SaaS) platform used by Consumer Brands to move critical, consumer-facing product information to any global retailer, announced today financial results for the first quarter ended March 31, 2021. The unaudited condensed interim consolidated financial stateme...Read More
The company closed the placement, priced at $2.45 per share and $3.10 per flow-through share, last week."The offering was subscribed to by, among others, a single institutional investor, Mr Pierre Lassonde and Trinity Capital Partners Corporation and Affiliates," Marathon said.Highlights from a feasibility study in March had outlined a 13-year mine at Valentine with peak average annual production...Read More
(IDEX Online) - Diamonds seized from illegal miners in Lesotho are to be sold to licensed dealers by the country's mining ministry.Small-scale diamond mining was outlawed in 2004 because of safety concerns and a lack of regulation, although there are reports that the government is now about to permit the resumption of limited artisanal operations.Bids are being invited during a two-day tender...Read More
(IDEX Online) - De Beers has partnered with Disney for the first time, providing high jewelry for the new movie Cruella.British actress Emma Thompson (pictured) wears pieces from the Arpeggia collection as she plays the fashion designer Baroness Von Hellman in a new take on the classic 101 Dalmatians, set in 1970s London.They include a five-line necklace and three-line earrings in white gold and t...Read More
(IDEX Online) - A London jeweler has launched a tiara-for-hire service, as brides take their inspiration from TV period dramas.Hancocks, founded in 1849 and located in Mayfair, is making its collection of vintage and antique treasures available for the big day.It charges one per cent of their value for a 24-hour loan, which works out at a little over $1,300 for one of the highlights of its collect...Read More
Great Panther Mining is a precious metals miner in the AmericasSPONSOREDgreat pantherThe above intercept, from 12.19m, also included 19.8m at 2.44g/t gold.A second hole intersected 59.1m at 1.03g/t from 3.04m, including 15.2m grading 2.94g/t.Great Panther Mining is a precious metals miner in the AmericasSPONSOREDgreat pantherCEO J. Paul Stevenson said the results were exciting and showed "excellen...Read More