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
In recent years, the Canadian federal government's changes to environmental assessment legislation have impacted mineral exploration investment in Canada "pretty significantly," Osisko Development Corp. (TSXV: ODV) CEO and co-founder Sean Roosen tells The Northern Miner.The new federal Impact Assessment Act came into force in August 2019 and has helped push the development timelines of projects ou...Read More
Rio Tinto Canada is investing $25.6 million for an 8% stake in Western Copper and Gold (TSX: WRN; NYSE-AM: WRN), which is advancing its copper-gold Casino project in the Yukon.The funds will be put towards economic studies and permitting."We've always said advancing this project with a big copper or gold company made sense and now we've got that with Rio Tinto," Paul West-Sells, Western Copper and...Read More
Centerra Gold (TSX: CG) has initiated binding arbitration against the government of the Kyrgyz Republic in a legal skirmish over the company's Kumtor mine.In early May, lawmakers in Kyrgyzstan passed a bill allowing the state to seize Kumtor for up to three months. The decision was made based on the argument that the mine - the largest gold operation in the Central Asian nation - may pose danger t...Read More
Stellar metrics just the start for near-term developer Theta GoldSPONSOREDtheta gold minesPAM puts itself in the middle of Thailand 4.0SPONSOREDCopper supply struggling to match forecast demandSPONSOREDSaturn still shooting for the stars at Apollo HillSPONSOREDsaturn metalsThere is, however, an important reason for knowing whether commodity markets are at record levels because that can be a pointe...Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationRio Tinto agreed to purchase 11.8 million shares in the junior at C$2.17 per share, a 15% premium, to take an 8% stake in the company. Western will use the proceeds to fund feasibility study and permitting work at Casino and will remain the operator.The investment will allow Rio to have one member on the Casi...Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationReporting initial results from the first 11 holes of its 16,500m 2021 drilling campaign, the company reported a highlight of 5.5m grading 3.46% copper, 0.25 grams per tonne gold and 8.Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipStellar metrics just the start for near-term developer Theta GoldSPONSOREDtheta gold minesPAM puts itself in the middle of Thailand 4.0SPONSOREDThe deposit has an indicated resource of 1.96 million tonnes grading 1.31% copper, 1.44 grams per tonne gold and 27.1g/t silver for 2....Read More
You can't have it both ways, but that doesn't mean you can't try. That's what Joe Biden is doing right now.On the one hand, Biden policies are, at least, partly responsible for the recent rise in unemployment and might be largely responsible.They're also responsible for the inability of employers to hire employees so they can reopen their businesses and return to full capacity. If that sounds like...Read More
Located in one of Russia's most prolific gold mining provinces, Polyus' Olimpiada reigns as the top producing operation.Read full newsRead More
/PRNewswire/ - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) (Read full newsRead More
/PRNewswire/ - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) (Read full newsRead More
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"There is a basket of good news," said Grant Isaac, senior vice president and chief financial officer with Canadian producer Cameco.Read More
(IDEX Online) - A personalized wristwatch made for the artist Pablo Picasso is to be auctioned.The letters of his name are spelled out by the hour markers of the otherwise unremarkable Swiss stainless steel timepiece, made by the little-known Michael Z. Berger Co in 1960.As Bonhams Paris point out in their auction notes, Picasso had the good fortune to have a name of exactly 12 letters. "It i...Read More
(IDEX Online) - An historic pearl and diamond tiara from the Spanish royal family sold for $1.6m at Sotheby's Geneva.It was a gift to Maria Vittoria dal Pozzo from her father on her marriage in 1867 to Amedeo of Savoy, Duke of Aosta, who was later elected King of Spain as Amadeo I (1870 until his abdication in 1873). She became Queen Maria Vittoria of Spain and died nine years later, aged jus...Read More
(IDEX Online) - Alrosa reported preliminary rough and polished sales of $401m in April, as demand remained "sustainably robust".By comparison, last April saw sales slow to a virtual standstill - $15.6m - as Covid caused a global shutdown.Alrosa's monthly sales from January to April 2021 have averaged $390m.Last month the Russian state-owned miner said it would give shareholders their biggest-...Read More
About four months into the planned two-year construction of Argonaut Gold's (TSX: AR) new cornerstone Magino project in northeastern Ontario, smooth progress and encouraging new exploration results have CEO Peter Dougherty in a forward-thinking mood.While Argonaut is crossing off early construction milestones at the $480 to $510 million mine build, the company continues to report high-grade gold i...Read More
About four months into the planned two-year construction of Argonaut Gold's (TSX: AR) new cornerstone Magino project in northeastern Ontario, smooth progress and encouraging new exploration results have CEO Peter Dougherty in a forward-thinking mood.While Argonaut is crossing off early construction milestones at the $480 to $510 million mine build, the company continues to report high-grade gold i...Read More
/PRNewswire/ - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) (Read full newsRead More