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
Despite being adversely affected by the Covid-19 pandemic, global gold production still surpassed 100 million ounces in 2020 and is expected to bounce back this year as economies continue to recover and miners ramp up operations.To see which mining operations were the biggest contributors to the world's gold output, MINING.com and sister company MiningIntelligence collaborated to provide a rank...Read More
When Gatling Exploration (TSXV: GTR) recently revealed that drilling in Zone 2 at the Fernland deposit at its flagship Larder asset in Ontario intersected 200.7 metres of 1.5 grams gold per tonne, it marked the highest metal factor recorded to date and confirmed growing gold zones at Larder. The Larder property comprises three deposits: Cheminis, Bear and Fernland. All are on the Cadillac-Larder...Read More
To build and run a successful mining operation has never been more complicated - sustainability, workforce management, supply chain constraints, and community engagement are constant challenges. Those needs come on top of the standard finance, procurement, inventory and maintenance needs shared by all operators. And the future looks even more challenging.Fortunately, Illumiti enables better busine...Read More
What took Wall Street so long to figure out something I’ve been saying for months?Six months ago, even before the presidential election in November, I began warning my readers that Joe Biden was going to double the capital gains tax.It wasn't a difficult prediction. Biden said so himself in his campaign website as one of a long list of policy proposals.Of course, the mainstream media didn't...Read More
I was recently in Las Vegas, where I saw a crypto ATM for the first time. At first glance, there was nothing shocking about it: It looked similar to a normal ATM but with a much larger screen and a built-in keyboard. Since this ATM was in a car rental agency, it gave customers the ability to rent a car using cryptocurrency.I watched as a short line of customers patiently waited their turn, using t...Read More
April 21, 2021 -- New Gold Inc. ("New Gold" or the "Company") (TSX and NYSE American: NGD) today announces that three employees at the Rainy River Mine in...Read full newsRead More
April 21, 2021 -- New Gold Inc. ("New Gold" or the "Company") (TSX and NYSE American: NGD) today announces that three employees at the Rainy River Mine in...Read full newsRead More
NEW YORK, April 22, 2021 /PRNewswire via COMTEX/ --NEW YORK, April 22, 2021 /PRNewswire/ -- The gold market continued to climb back towards the USD 1,800 an...Read full newsRead More
(IDEX Online) - Diamcor achieved an average $278 per carat in its second tender of the year, after Covid forced the closure of its mine.It said prices held firm, demonstrating its potential to generate "excellent" dollar per carat results from processing quarry material at the Krone-Endora mine at Venetia Project, in South Africa.The Canadian junior miner acquired the deposit from De Beers in Febr...Read More
(IDEX Online) - The company behind diamond "coins" for investors will embark on the automated purchase of about 50,000 gems on Tuesday.The coins (see picture) will be the world's first regulator-approved, exchange-traded, fungible diamond commodity offering. New York-based Diamond Standard is buying inventory to produce the first batch of 5,000 diamond standard coins, each containing "a...Read More
(IDEX Online) - A New York jeweler has been reunited with the 36 engagement rings he left behind on a train.An honest conductor on the Long Island Rail Road (LIRR) found the jewelry - worth $107,000 - and handed it in for police to return to the owner.Ed Eleasian, a Midtown jeweler, forgot the tray of the rings on a Thursday evening train between Manhattan and Port Washington.Conductor Jonathan Ye...Read More
Phibion has seen a four-fold increase in manufacturing activity at its workshop in Brisbane, Queensland, and "expansion into three key overseas markets with the promise of much more to come", saysRead More
Bob Moriarty of 321gold speaks to Maurice Jackson of Proven and Probable about his book chronicling Novo Resources' adventures in Australia, and he also discusses a handful of junior miners on his radar screen.Read full newsRead More
The stock of Harmony Gold Mining Co (NYSE:HMY, 30-year Financials) gives every indication of being significantly overvalued, according to GuruFocus Value calculation.Read full newsRead More
Subsidiary accounted for 12% of Kazatomprom's attributable production in 2020Read full newsRead More
Canadian miner Alamos Gold Inc. said it's pursuing a $1 billion claim against Turkey for preventing a controversial mining project from going ahead.Read full newsRead More
Rick Mills of Ahead of the Herd profiles Magna Gold and explains why he believes it is on the verge of leading the next line of mid-tier precious metals producers in Mexico.Read full newsRead More
The fundraising is pricing new shares at 7.3c each, with "key shareholder" SSI and undisclosed institutions participating.Read More
Production from the asset amounted to 29,010 carats, the company said in an update on Thursday.Read More
The company's fiscal 2020 turnover was EUR91.63 million.This year's March quarter EBITDA of EUR1.6 million compared with EUR0.4 million a year ago.CEO Tommi Lehtonen said results represented a "step towards a stronger Robit"."In the mining sector in particular, business development was good, but on the other hand, we did not have large project deliveries during the quarter," he said."Robit expects...Read More