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
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
After 30 days of negotiations, union members voted for a strike, which could commence in early May.Read More
It started with toilet paper, hand sanitizer, and cleaning products. It went to lumber, yeast and flour, and gardening supplies. It went further to housing, basic commodities, and onwards to... ketchup?Pandemic shortages abound. Pandemic rebound shortages are even worse.The cascade of things that we suddenly don't have enough of goes on and on. Contrary to gut reactions, it does make sense, and it...Read More
It's been decades since gold country in California has been actively mined, but a Canadian company wants to change that in Grass Valley.Read full newsRead More
Russia-focused gold miner had flagged softer production in 2021Read full newsRead More
Rover Metals: (TSX.V: ROVR | OTCQB: ROVMF)Website: https://rovermetals.com/index.htmlCorporate Presentation: https://rovermetals.com/pitchdeck/ROVR-presentat...Read full newsRead More
U.S. electric vehicle (EV) maker Tesla Inc (TSLA.O) plans to add facilities at its Shanghai factory to repair and reproduce key components such as electric motors and battery cells, a document submitted by Tesla to Shanghai authorities shows.Read full newsRead More
Silver prices to climb 33% in 2021Read full newsRead More
It's been decades since gold country in California has been actively mined, but a Canadian company wants to change that in Grass Valley.Read full newsRead More
Earnings up 7% qoqRead full newsRead More
Share this article TORONTO - Fortuna Silver Mines Inc. [FVI-TSX, Lima; FSM-NYSE; F4S-FSE] said Monday April 26 that it has signed a definitive deal to acquire West Africa-focused Roxgold Inc. [ROXG-TSX; ROGFF-OTCQX] for $1.1 billion.Under the terms of the transaction, Roxgold shareholders will receive 0.283 common shares of Fortuna and $0.001 for each Roxgold common share held. When the transac...Read More
(IDEX Online) - Sales of watches and jewelry remained strong in February, up 22.0 per cent year-on-year. That's in line with January's performance, originally reported as 26.1 per cent, but since revised down to 22.7 per cent based on actual till transactions. Despite that sharp reduction, the two months together suggest a sustained recovery. The year-on-year increases exceed any s...Read More
(IDEX Online) - The planned expansion of Botswana's flagship Jwaneng mine should help to create over $920m of extra revenue in the next four years, said operator Debswana.The company, a joint venture between De Beers and the government, will begin underground mining after 50 years of open-cast operations at Jwaneng, the richest diamond mine in the world by value."Early access is expected by 2...Read More
(IDEX Online) - Romantic William Hunn bought five engagement rings for his girlfriend - so she could have a choice when he made his surprise proposal. He took Brittney Miller on a helicopter ride around Atlanta, Georgia, USA, before dropping to one knee and asking her to marry him."You can try all five or pick one," he told her, in a video he posted to Instagram (see pic).He'...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 corporationThe company reported record quarterly revenue of C$162.2 million and record gross profit of C$96.3 mill...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 corporationQuarterly production numbers released last week by BHP confirmed that the company is on track to post a...Read More
Fortuna Silver Mines (TSX: FVI; NYSE: FSM) is buying Roxgold (TSX: ROXG; US-OTC: ROGFF) in an all-share deal valued at about $1 billion (US$884.32 million), as strong gold prices spurs a wave of mergers and acquisitions in the sector.Vancouver-based Fortuna, which has operations in Peru, Mexico and Argentina, said the combined company would produce about 450,000 gold-equivalent ounces a year a...Read More
Drilling at Amex Exploration's (TSXV: AMX) Perron gold project, 110 km north of Rouyn-Noranda in Quebec, continues to deliver both high-grade gold and longer sections of broad, near surface gold as the junior works toward an initial resource for the project.The latest results released are from the High Grade and Denize zones, both part of the project's Eastern zone. Highlights from the High Grade...Read More
A step-out drill hole at Callinex Mines' (TSXV: CNX; US-OTC: CLLXF) Rainbow deposit in Manitoba returned 7.55 metres grading 4.13% copper, 0.64 gram gold per tonne, 11.08 grams silver per tonne and 0.90% zinc (5.01% copper-equivalent) at a depth of 405 metres below surface.The drill hole (PBM-121) was a 257-metre vertical step-out above the company's most recent high-grade intersection in drill ho...Read More