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
Guillermo Lasso, a 66-year-old conservative former banker, has won Ecuador's presidential election with 52.5% of the vote, beating out Andr?(C)s Arauz, a 36-year-old leftist handpicked by former President Rafael Correa.While neither candidate had declared himself anti-mining, Lasso has vowed since the beginning of his election campaign to promote foreign investment in the mining and oil sectors, w...Read More
Ready for development copper-gold projectSPONSOREDjosemaria resources incKodiak Copper: A New Copper-Gold Discovery in CanadaSPONSOREDkodiak copperCapella to bring new life to Norway's historic copper sectorSPONSOREDcapella minerals ltdAre mining companies being held back by their board composition? SPONSOREDswannCMOC only acquired its 95% interest in the project in December from Freeport-McMo...Read More
(IDEX Online) - Jewelers in India's Maharashtra state are lobbying the government for permission to open, despite a Covid-ban on all but essential businesses.April is traditionally a busy month, with Gudi Padwa (Hindu lunar new year) and a number of other harvest festivals, as well as the start of the wedding season.Maharashtra, with a population of 110m, currently has a night-time curfew and...Read More
The stock market was down today, but it's still trading at record highs. The mainstream financial media will tell you it's because the market is anticipating a robust recovery as the economy continues to reopen and vaccination numbers grow.But don’t buy into the happy talk that all is well with the U.S. economy.The unemployment rate has indeed dropped. But initial unemployment claims are on...Read More
Ready for development copper-gold projectSPONSOREDjosemaria resources incKodiak Copper: A New Copper-Gold Discovery in CanadaSPONSOREDkodiak copperCapella to bring new life to Norway's historic copper sectorSPONSOREDcapella minerals ltdAre mining companies being held back by their board composition? SPONSOREDswannWhat investors will be looking for in the spending habits of shoppers is evidence...Read More
Perenti's 80%-owned subsidiary, African Underground Mining Services, will continue to work at the underground Geita mine in Tanzania for a further two years, generating an additional A$235 million in work in hand. The contract includes the addition of a new underground mine at Geita Hill that is expected to begin production later this year. As part of the new contract, Perenti will trans...Read More
Environmentalists and tribal leaders are fighting a plan by K2 Gold to sell its mining claims to a large corporation for development.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
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
(IDEX Online) - Five banks and two diamond brokers in Italy are alleged to have made $590m by selling clients gems for investment at vastly-inflated prices, according to a Reuters report.Four of the banks - Banco BPM, Banca Aletti, UniCredit and Monte dei Paschi (MPS) - and one broker - IDB - are facing possible prosecution over the alleged fraudulent diamond sales, together with over 100 former e...Read More
(IDEX Online) - Alrosa announced total sales of $345m in March, down slightly on the previous month ($372m), but still in line with its expectations amid ongoing consumer demand.Revenues from rough and polished diamonds were more than double those of March 2020, when the global pandemic struck, and sales dipped to $153m.The Russian state-owned miner said stocks of polished diamonds stocks were at...Read More
(IDEX Online) - Virtual try-on of jewelry . . . the jewelry store as a shopping experience . . . less discounting of jewelry . . . these are a few of the ideas tossed out by the Wall Street Journal in a recent article called "A New Future for Retail After Covid." Actually, the article wasn't specifically addressed to jewelers; we added the word "jewelry" to the topics the newsp...Read More
As Peru goes through yet another presidential election, with 18 candidates running, six likely making it to June's second round and no defined favorite, the Ministry of Energy and Mines (Minem) made public its most recent dataset, which shows that copper production rose by 0.7% in February compared to the same month last year.According to the report, Peru produced 170,989 tonnes of copper in the s...Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationThe operation will benefit from a hydroelectric power matrix which means it will have negligible scope 2 emissions, and it is working with three key vehicle OEMs to source electric haul trucks for aRead 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
Imagine the value of 50 gold mines along the same stretch of highway. Current worth compared to historical value is what sparked Trillium Gold Mines (TSXV: TGM) CEO Russell Starr's vision when he began assembling what is now the second largest land package in Ontario's Red Lake mining district - Newman Todd, Rivard and Gold Centre, a large part of the Confederation Greenstone.With the discovery of...Read More
There is a whiff of unease in the air. Beneath the cheery veneer of free money for almost everyone, growing inequality and polarization are rapidly consuming what’s left of common ground in America.Though there are many systemic differences between China and the U.S., humans in every nation are all still running Wetware 1.0.So it is instructive to consider what can be learned from China̵...Read More
APPROX 800 METERS DRILLEDVISIBLE GOLD INTERSECTED IN HOLE 4MULTIPRead 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
Rising potash prices bode well for minersRead full newsRead More