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
Freeport-McMoRan among market risersRead full newsRead More
Buoyed by iron ore pricesRead full newsRead More
Vancouver, BC - Ovation Science Inc. (CSE: OVAT) (OTC: OVATF) ("Ovation" or the "Company"), announces it has begun an online campaign to promote its DermSafe (R) hand sanitizer made without alcohol and powered by the Company's Invisicare (R) drug delivery technology. The campaign will be featured on the Canadian Skin Information's two key websites which attract over 25 thousand visitors per mont...Read More
Vancouver, BC - LEAF Mobile Inc. (TSX: LEAF) ("LEAF" or the "Company") announces its subsidiary company, East Side Games Inc. ("ESG"), has entered into a publishing and IdleKit partnership agreement with TinyRex Games ("TinyRex") for the global release of three mobile games on iOS and Android (the "Partnership").All three games will be developed in-house by TinyRex, leveraging ESG's proven IdleKit...Read More
Copper closed up almost 2% on the London Metal Exchange to US$9,771 per tonne yesterday.Marex Spectron's Alastair Munro said copper was at levels last seen in 2011, the year copper reached an all-time high of $10,190/t.Copper major Freeport-McMoRan is trading near a multi-year high, closing up 6.87% in New York after last week reporting strong March quarter results.In London, Antofagasta gained 4....Read More
Operating profit excluding revaluation of process inventory (PIR) amounted to SEK2,449 million (US$291 million) in Q1, down 19% quarter-on-quarter and 9% below consensus.Read More
"Qmuzik and Datamine share a common vision to provide the mining industry with best-in-class technology that pushes them to the forefront of digital innovation," Qmuzik CEO Jan Small said on Friday.The Johannesburg business has two product lines, Qmuzik ERP and Qmed, an occupational health and hygiene solution "with leading market share in the South African mining industry".Small was set to contin...Read More
Under the bill approved on Monday by the Mining Commission of Chile's lower house, the state would receive a royalty of 3% of the value of minerals extracted compared to the current royalty calculatedRead More
Share this article TORONTO - Arizona Gold Corp. [AZG-TSX; AGAUF-OTCQB], formerly Kerr Mines Inc., has released additional underground drilling results at its 100%-owned, fully permitted, Copperstone gold project in LaPaz County, Western Arizona.Giulio Bonifacio, CEO, stated: "We are pleased to announce additional drill results from the current underground core drilling program, which continues...Read More
(IDEX Online) - The Istanbul Jewelry Show (IJS) has been postponed for a fourth time because of the coronavirus pandemic.It was originally scheduled to take place in March 2020, but has now been re-arranged for March 2022.Organizers said in a statement that the safety and success of their colleagues, partners, customers, and exhibitors was their top priority, and the reason they had again postpone...Read More
(IDEX Online) - An unrivalled collection of 19 pieces by the German jewelers Hemmerle fetched $1.4m, almost double the pre-sale estimate, at Sotheby's New York.The single most expensive lot was a pair of copper and diamond ear studs (see pic), featuring two old European-cut diamonds of 8.81carats and 8.80 carats. They sold for $201,600, surpassing their $100,000 to $150,000 estimate.The piece...Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationUnder the bill approved on Monday by the Mining Commission of Chile's lower house, the state would receive a royalty of 3% of the value of minerals extracted compared to the current royalty calculatedRead More
This week's episode features an in-depth interview with Bluestone Resources president and CEO Jack Lundin on the company's Cerro Blanco project and its accompanying Mita geothermal project in Guatemala. Jack also discusses his previous role at Fruta del Norte and the transition to becoming president of Bluestone Resources in April.All this and more with host Adrian Pocobelli.Music Credits:"Rattles...Read More
The British are not especially peaceful. Since the Act of Unification in 1707, the Kingdom of Great Britain has fought in over 120 wars across a total of 170 countries. During this period (and contrary to the popular perception) we have been allies with France (in 18 wars) almost as many times as we have fought them (20 wars). Perception is tainted, perhaps, by the Middle Ages, when five generatio...Read More
UniGold (TSXV: UGD; US-OTC: UGDIF) has released the results of a preliminary economic assessment of a stand-alone oxide gold project, which it says will provide cash flow as the company continues to expand and evaluate the larger sulphide resource that it believes offers a longer term development opportunity at the Candelones project in the Dominican Republic.Joe Hamilton, the Toronto-based junior...Read More
Vale (NYSE: VALE), the world's no.1 nickel producer, is evaluating a potential spinoff of its base metals division as part of the miner's growing interest in the electric vehicles (EV) sector.The company, which is said to be in talks with Tesla and other EV supply chain actors about securing nickel from its Canadian operations, is in the midst of expanding its Voisey's Bay site in the province o...Read More
Barrick Gold (TSX:ABX; NYSE:GOLD), the world's second-largest bullion miner, said a third underground mine at the company's giant Loulo-Gounkoto gold complex in Mali has reached its first mining level and is scheduled to start delivering tonnes to the plant during the current quarter.The Toronto-based company has also started a prefeasibility study on two more mines on the Loulo permit - an underg...Read More
Since beginning drilling this year at its Diagras joint-venture project in Lac de Gras, Northwest Territories, earlier this month, Arctic Star Exploration (TSXV: ADD) has already found two new kimberlites.Diagras, a joint-venture between Arctic Star and Margaret Lake Resources (TSXV: DIA), already hosts 23 kimberlites previously unearthed by De Beers in the 1990s.Arctic Star is now conducting a $2...Read More
The Ontario government is launching a new program to fund junior exploration in the province and upping financial support for the Ontario Mine Rescue program.The province's 2021 budget, which laid out the initiatives, was tabled on March 24 and was passed on April 26. The document sets out $23 billion in spending targeted at bolstering the provincial economy, and $16.3 billion for health-related m...Read More
When Northern Vertex (TSXV: NEE, US-OTC: NHVCF) released its first quarter production results of 9,912 gold equivalent ounces at its wholly owned Moss gold mine in Mohave County, Arizona on April 19, it marked the beginning of the metamorphosis of a mine that had been almost forgotten. Moss is the state's largest precious metals mine, with total measured and indicated resources of 360,000 ounces...Read More