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
Carbonate prices have doubled year-to-dateRead full newsRead More
Early last year, Darrin Lewis paid $800,000 for a hardware store in a tiny Arizona town where mining giant Rio Tinto Plc hopes to build one of the world's largest underground copper mines.Read full newsRead More
CEO Poddar hoping to capitalise on rising investor interest in graphiteRead full newsRead More
Vancouver, BC - Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW) (the "Company" or "Siyata") wishes to clarify information related to the cease trade order ("CTO") issued by the British Columbia Securities Commission ("BCSC") on April 8, 2021, due to a financial reporting discrepancy on filing deadlines (Citation: "2021 BCSECCOM 140", link here).This CTO does not impact the trading of its common shares...Read More
MySteel 62% iron ore fines were up 2.9% to $177.50 per tonne.Vale shares (BZ: VALE3) reached an all-time high of BRL109.11 intraday on Friday.In Australia, the S&P/ASX 200 looks set for a positive day as the index nears last year's record high of almost 7,200 reached in February last year."In equity land, the AUS200 looks hot too, with eyes on a move towards 7100," Pepperstone head of res...Read More
While all 26 reverse circulation holes drilled at the Chinook prospect hit visual zinc-lead mineralisation, two holes were fast-tracked to the lab for assays and have confirmed a discovery.Read More
The company will issue 25 million shares at 29c each, a 10.8% discount to the last close.Argonaut Securities was lead manager to the placement.K2Fly said the placement was strongly supported by institutions and sophisticated investors with specific knowledge of the resources sector."The strong support from the investment community, particularly from new institutional investors, is testament that K...Read More
(IDEX Online) - A 2.17-carat fancy vivid purplish pink diamond fetched $3.5m at auction, well above its high estimate of $2.5m.It was the most expensive of a "Perfect Palette" of three colored diamonds that raised a total of $8.4m last week at Christie's New York April Magnificent Jewels.The pink diamond (pictured) was a cut-cornered square modified brilliant-cut stone, natural color, SI1 cla...Read More
(IDEX Online) - An Italian jeweler in lockdown sold a $360,000 diamond ring - via the messaging service WhatsApp.The buyer, a wealthy Swiss woman, agreed the sale after seeing the gem on video calls.The Genoa-based jeweler Gismondi 1754 sets great store by its history - 1754 is the year its founder, Giovan Battista Gismondi, was born.But chief executive Massimo Gismondi, a seventh-generation desce...Read More
(IDEX Online) - Manufacturers in Surat are struggling as diamond certificates are delayed by India's pandemic travel restrictions.They're being forced to wait for at least two months, rather than one in normal times, according to the Times of India.The delays are severely hampering cash flow, especially for smaller operations.Buyers increasingly insist on certificates because they'r...Read More
Are mining companies being held back by their board composition? SPONSOREDswannEmmerson's premium offeringSPONSOREDemmerson plcAlto emerging on song at SandstoneSPONSOREDalto metalsReady for development copper-gold projectSPONSOREDjosemaria resources inc"The judgment of the environmental court unequivocally establishes that the information provided by the owner of the project is sufficient and...Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationDevelopment of the access road will be funded equally by AIDEA and Ambler Metals, the joint venture operating company owned 50-50 by Trilogy and South32. The AIDEA board authorised up to $6.Read More
Are mining companies being held back by their board composition? SPONSOREDswannEmmerson's premium offeringSPONSOREDemmerson plcAlto emerging on song at SandstoneSPONSOREDalto metalsReady for development copper-gold projectSPONSOREDjosemaria resources incComments last week from two mining leaders, and a series of questionable deals involving assets in Africa, demonstrated the connection between...Read More
Lithium miners Galaxy Resources (ASX: GXY) and Orocobre (TSX: ORL; ASX: ORE) have agreed to a merger that would create a US$3.1 billion (A$4 billion) company, set to be the world's fifth largest producer of lithium chemicals, the refined form of the raw material used to make EV batteries.The business combination, the biggest mining sector deal of the year so far, will unlock significant synerg...Read More
Equinox Gold (TSX: EQX; NYSE: EQX) has sold its Pilar gold mine in Brazil for US$38 million in cash as part of a portfolio optimization strategy that includes increasing its stake in the Greenstone project in Ontario, Canada.As part of the deal, buyer Pilar Gold Inc. is also giving Equinox a 9.9% equity interest in the gold mine and a 1% net smelter returns royalty on production.Pilar, a complex...Read More
I've covered the mining industry for more than a decade and during that time have had many opportunities to listen to presentations and speeches by Ivanhoe Mines' founder Robert Friedland. I also interviewed him at length for an article about his career when The Northern Miner gave him a Lifetime Achievement award in May 2017.But I think his remarks last week at the CRU World Copper Conference wer...Read More
The development of each project has been halted by community resistance centred on fears about contamination of water sources."We have already decided this. Conga and Tia Maria are unviable cases. I have been a watchman and as a social fighter, I defend the aquifer buffers," Castillo said in Cajamarca, according to local press."We must respect mining extraction has to take place where nature and m...Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationThe development of each project has been halted by community resistance centred on fears about contamination of water sources."We have already decided this. Conga and Tia Maria are unviable cases. I have been a watchman and as a social fighter, I defend the aquifer buffers," Castillo said in Cajamarca, accord...Read More
With gold's reputation as a store of value and recent gold-focused merger and acquisition activity, there is renewed investor interest in companies active in this exploration.Read full newsRead More
With gold's reputation as a store of value and recent gold-focused merger and acquisition activity, there is renewed investor interest in companies active in this exploration.Read full newsRead More