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

Following the accidents on Saturday, Chile's National Geology and Mining Service (Sernageomin) immediately started investigations at the mines, the ministry said.Read More

(IDEX Online) - An advertising watchdog has told a US jewelry online retailer it must use  appropriate terms to describe the origin of its diamonds.The Natural Diamond Council (NDC), which promotes mined diamonds, had challenged the way Agape Diamonds marketed its lab grown stones.Agape, based in Tampa, Florida, subsequently made modifications, but not to the full satisfaction of the NDC.The...Read More

Its combination with Benchmark Metals, its neighbour in the Toodoggone gold district in central British Columbia, Canada, results in a company with a 325km2 land package and a line of sight on growingRead More

Ardea set for 40 years plus of nickel, cobalt productionSPONSOREDardea resourcesMine to metals model makes ASM a rare opportunity SPONSOREDaustralian strategic materialsLindian aims for centuries of REE productionSPONSOREDlindian resources Saudi to help Africa 'break ranks' with historic trading partnersSPONSOREDsaudi ministry of industry and mineral resourcesThe reason everyone is on high...Read More

China cut its one-year benchmark lending rate on August 21, but markets were surprised that the five-year rate was left unchanged. The one-year loan prime rate was lowered by 10 basis points to 3.Read More

The loss of $4.8 million came as profitability was impacted by a non-cash impairment of $88.Read More

(IDEX Online) - Inmates at an Indian jail are cutting and polishing diamonds behind bars.It's common for prisoners to work in laundries or kitchens, in sewing or agriculture. But those at Lajpore Central Jail, in Surat, are believed to be the only ones in the world working with diamonds.Just over 100 of the prison's 3,000 inmates work at the polishing unit, according to the Times of Indi...Read More

Lindian aims for centuries of REE productionSPONSOREDlindian resources Mine to metals model makes ASM a rare opportunity SPONSOREDaustralian strategic materialsArdea set for 40 years plus of nickel, cobalt productionSPONSOREDardea resourcesSaudi to help Africa 'break ranks' with historic trading partnersSPONSOREDsaudi ministry of industry and mineral resourcesHick, the former executive vic...Read More

Cometa is an IOCG target that consists of exploration and mining concessions covering 56sq.km about 15km southeast of Costa Fuego's planned operating centre.Read More

The BRICS Leader's Summit ended on August 24 with a momentous decision to expand the membership of BRICS for the first time since 2010.Saudi Arabia, the United Arab Emirates, Egypt, Argentina, Ethiopia, and Iran were all admitted to membership effective January 1, 2024. Both Brazil and India have some reservations about this move.But in the end, Russia and China used their muscle to push through t...Read More

Lindian aims for centuries of REE productionSPONSOREDlindian resources Mine to metals model makes ASM a rare opportunity SPONSOREDaustralian strategic materialsArdea set for 40 years plus of nickel, cobalt productionSPONSOREDardea resourcesSaudi to help Africa 'break ranks' with historic trading partnersSPONSOREDsaudi ministry of industry and mineral resources The loss of $4.8 million came...Read More

(IDEX Online) - Sotheby's Hong Kong is to auction one of the world's largest and most valuable blue diamonds, with an estimate of $26m to $37m.The Infinite Blue, an 11.28-carat radiant-cut fancy vivid blue stone, will be offered for sale in a single-lot live auction on 5 October.The Type IIb gem is set with a halo of pink and white trapezoid diamonds. Sotheby's said in an Insta...Read More

The BRICS nations want to reconstruct the global power structure in terms of money, trade, use of military power and much else. There are different ways to address what's going on, but let's focus on the geopolitics of it all, especially energy and the international oil trade.This alone holds deep implications for the ongoing value (or devaluation) of the dollar, with related angles of inflation.A...Read More

(IDEX Online) - The Reserve Bank of Zimbabwe (RBZ) has stockpiled 300,000 carats of diamonds since new rules were introduced last October, requiring miners to pay half their government royalties in raw minerals.The move, designed to maintain the value of the country's assets by building up a national reserve of precious metals and stones, was introduced by President Emmerson Mnangagwa (pictur...Read More

(IDEX Online) - Police in Brazil have raided the addresses of two aides to the former president, over  claims they sold high-value jewelry gifts from foreign governments for cash.Proceeds of the sales were, allegedly, then passed on to Jair Bolsonaro, who lost last October's election to left wing rival Luiz Inacio Lula da Silva.A Federal Police said a lawyer and former aide were "suspect...Read More

(IDEX Online) - Federal prosecutors in the USA have filed documents to seize 35 more diamonds, a number of artworks and sculptures and $2m in cash from Nazem Said Ahmad, alleged financier of the Hezbollah terror group in Lebanon.In April OFAC, the US Treasury Department's Office of Foreign Assets Control blacklisted 52 individuals and entities which, it said, had been supplying cash, precious...Read More

Tyrannical, autocratic regimes are always paranoid about external forces jeopardizing their grip on power...But more often than not, they collapse from within. And increasingly, it looks like that's going to be the case for Russia.For decades now, Vladimir Putin has blamed the United States for everything. It's in his DNA as a former KGB agent. It's why he constantly threatens us with nuclear anni...Read More

The company's measured and indicated (M&I) resources (excluding reserves) are estimated at 959.1Moz of silver and 17.5Moz of gold. Its inferred resources are 479.4Moz of silver and 9.2Moz of gold.Read More

Latin has been a ten-bagger since January last year on the back of a lithium project that is shaping as substantial development opportunity, while Meteoric's pick-up in December of what appears toRead More

By the end of September, Cartier geologists expect to have completed the design of the next phase of drilling, which will focus in and around the historical Chimo mine shaft and undergroundRead More