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
Jorge Ganoza, CEO at Fortuna Silver Mines, joins BNN Bloomberg to discuss their takeover of Roxgold. He said this is not growth for the sake of growth and argues the West African region has intrigued them for many years. The company now anticipates about 450,00 ounces of gold production per year.Read full newsRead More
Jorge Ganoza, CEO at Fortuna Silver Mines, joins BNN Bloomberg to discuss their takeover of Roxgold. He said this is not growth for the sake of growth and argues the West African region has intrigued them for many years. The company now anticipates about 450,00 ounces of gold production per year.Read full newsRead More
COVID still impacting operationsRead full newsRead More
Vancouver, BC - Select Sands Corp. (TSX-V:SNS | OTCQX: SLSDF) (the "Company") announces operational and financial results for Q4 and full year 2020, and the filing of its audited financial statements and associated management's discussion and analysis on www.sedar.com. All dollar references in this release are in U.S. dollars.FOURTH QUARTER AND FULL YEAR 2020 HIGHLIGHTSSold 53,009 tons of frac...Read More
NEW YORK, April 27, 2021 /PRNewswire via COMTEX/ --NEW YORK, April 27, 2021 /PRNewswire/ -- Gold prices remained steady on Monday as investors await policy...Read full newsRead More
Vancouver, BC - LEAF Mobile Inc. (TSX: LEAF), Canada's leading free-to-play mobile game group, today announced financial results for the fourth quarter and full year ended December 31, 2020. East Side Games Inc. ("ESG"), which was acquired by the Company subsequent to the year end on February 5, 2021, also announced its full year 2020 results which can be found on SEDAR.Combined, LEAF and ESG gene...Read More
Vancouver, BC - Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW) (the "Company" or "Siyata"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular booster systems, will release fourth quarter and year end 2020 financial results as well as a 2020 Canadian Annual Information Form, on or before Monday May 17, 2021. Furthermore, Siyata will release first quarter 2021 financial results on...Read More
The MySteel 62% Australian iron ore fines price has risen to US$193.50 per tonne.Australia-based iron ore producer Fortescue Metals Group today said its 42.3 million tonnes of shipments in the March quarter had contributed to a record shipping performance for the first nine months of the financial year.However its shares were down 1.7% in morning trade, while BHP was up 0.6%.Brazil-based Vale hit...Read More
The company announced plans on Tuesday to raise $50 million and the offer attracted strong support. An institutional placement raised $73.8 million, while a retail offer raised a further $600,000.Read More
Iron ore shipments for the March quarter were 42.3 million tonnes, 9% down on the December quarter but in line with the previous year due to the impacts of the wet season in the Pilbara.The rain was partially offset by the ramp-up of the new Eliwana operation.Shipments for the nine months to March 31 were 132.9Mt, 2% higher than the previous year.It puts FMG on track for record FY21 shipments of 1...Read More
(IDEX Online) - Alrosa is set to give shareholders their biggest-ever half-year dividend.The Russian state-owned miner is proposing a $942m payout for H2 2020, an increase of 47 per cent on the full-year payout for 2019. It amounts to just under 13 US cents a share.That's in spite of the global pandemic that saw diamond sales at virtually zero a year ago. No dividend was paid in H1 2020...Read More
(IDEX Online) - An emergency fundraising campaign has been launched by the WFDB to send medication and equipment to India as it battles a catastrophic spike in Covid fatalities.The global diamond community is being urged to contribute as the official number of COVID-19 deaths today hit 200,000. Many experts fear the real figure is far higher.The executive committee of the World Federation of Diamo...Read More
Vimy set for 'uranium boom boom'SPONSOREDvimy resourcesGroup copper production rose 3% year-on-year in Q1 to 301,000 tonnes, driven by productivity improvements and mine sequencing at its operations in South America, including Collahuasi, Antamina andRead More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationAsiamet terminated its deal with Aeturnum in January after the latter failed to transfer an initial payment of US$2.5 million. Shares in Asiament more than halved in value as a result.Read More
Look beyond market approach to project valuations: van ZylLeadershipEmmerson's premium offeringSPONSOREDemmerson plcAlto emerging on song at SandstoneSPONSOREDalto metalsTowards Sustainable Mining Tailings Guidance Aligns with Global StandardSPONSOREDthe mining association of canadaThe company announced plans on Tuesday to raise $50 million and the offer attracted strong support. An institutio...Read More
Emmerson's premium offeringSPONSOREDemmerson plcAlto emerging on song at SandstoneSPONSOREDalto metalsTowards Sustainable Mining Tailings Guidance Aligns with Global StandardSPONSOREDthe mining association of canadaWMX resetting the base for new Wiluna futureSPONSOREDwiluna mining corporationConsultants at Swann Global have provocatively asked, in a white paper, whether the current composition...Read More
Production at Champion Iron's (TSX: CIA; ASX: CIA) Bloom Lake iron ore mine near Fermont, Que., inched upward 1% in the year ended Mar. 31, 2021 to a record 8 million wet metric tonnes (wmt) of 66.4% iron ore concentrate, despite Covid-19 restrictions that included a month of reduced operations early in the pandemic.For its most recent quarter, production was 2 million wmt of 66.5% iron ore concen...Read More
Copper hit US$10,008 a tonne on the London Metal Exchange today, nearing the record inter-day high of US$10,204 per tonne set in February 2011. "It's a great time to be a copper miner and prices are way, way above what it costs to get the metal out of the ground," Robert Edwards, principal analyst at the CRU Group, told The Northern Miner in a telephone call from London. "For every one dollar the...Read More
Ero Copper (TSX: ERO) says it has identified a new zone of mineralization at its Vermelhos project, an underground mine under development in Brazil and part of the company's MCSA mining complex, which includes the Pilar underground mine and the Surubim open pit mine, in the country's northeastern state of Bahia.The new discovery, named the Novo zone, was found about 200 metres below the existing i...Read More