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
Micon Awarded Front End Engineering Design and Definitive Feasibility StudySPONSOREDmicon internationalHot Chili rises to the topSPONSOREDhot chiliMarimaca timing its run to meet resurgent demand for copperSPONSOREDmarimaca copperFilo del Sol copper-gold-silver advanced explorationSPONSOREDfilo miningEBITDA was £29.3 million (ZAR622 million), while revenue jumped 110% yoy for the half to &po...Read More
Bald Eagle Gold Corp. (formerly Wolf Acquisition Corp.) is pleased to announce the closing of its previously announced Qualifying Transaction (theRead full newsRead More
VANCOUVER, British Columbia - March 24, 2021 /CNW/ - PlantX Life Inc. (CSE: VEGA) (OTCQB: PLTXF) (Frankfurt: WNT1) ("PlantX" or [...]Read full newsRead More
Unexpected move by Ghana's new minister of lands and natural resourcesRead full newsRead More
VANCOUVER, BRITISH COLUMBIA TheNewswire - March 23, 2021 US NewraRead full newsRead More
Centamin's annual pretax profit nearly doubled as gold prices surged during the COVID-19 crisis, prompting the miner to declare a 2020 dividend and promise at least $105 million in payouts for the current year.Read full newsRead More
Vancouver, BC - Karus Gold Corp ("Karus Gold") is pleased to announce that the rights offering previously announced February 1, 2021 for 26,556,228 common shares with gross proceeds of CDN$3,983,434 (the "Rights Offering") has closed. Karus Gold remains on track for a TSX Venture exchange listing in Q2 2021.Karus Gold CEO Andrew Kaip commented, "The rights offering saw strong support from our sh...Read More
The company has received firm commitments for a $7.5 million placement to sophisticated investors. It will also launch a one-for-four non-renounceable entitlement issue to raise up to a further $31.Read More
Over the past week, as prices for most other raw materials have taken a turn for the worse, and sparked a debate about whether a surge in demand for metals in the December quarter was an aberration,Read More
The court's decision came in response to an appeal by the town of Florence after a lower court decided in 2019 that Florence Copper had the right to mine its property located within the town.Read More
(IDEX Online) - Zimbabwe's state-owned diamond miner is reportedly "on the brink of collapse" after the country's president allowed Chinese mining giant Anjin to resume operations.The Zimbabwe Consolidated Diamond Company is currently "facing critical challenges that severely threatened its viability," according to an investigation by the Zimbabwe Independent business weekly.The late for...Read More
(IDEX Online) - India's exports of gems and jewelry could fall by a fifth this fiscal year because of the global pandemic.Coronavirus wiped out sales between April and July 2020, said Colin Shah (pictured), of the Gems and Jewellery Export Promotion Council (GJEPC), but online sales had made up for some of those losses and revenue is now back at pre-Covid levels.Gross exports of the year endi...Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationSignificantly improving the historically poorly-appointed camp, making a decision on refurbishing or replacing the SX-EW plant - including potentially introducing robotic stripping of the copperRead More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationNorilsk Nickel plans to construct a new copper refining facility in Monchegorsk that will produce 150,000tpa of copper, double the capacity of the closed shop, and use roasting-leaching-electroextraction technology.There would be a higher level of mechanisation, automation, and a much smaller proportion of ma...Read More
Resolute Mining (LSE: RSG; ASX: RSG) is seeking legal advice after its mining lease for the Bibiani gold mine in Ghana was terminated and the company was told to cease all activities and operations at the mine site.In a press release today, Resolute said that the action on behalf of the Minister of Lands and Natural Resources was unexpected, and that the company is seeking clarification from the...Read More
With an initial resource estimate for its past-producing Black Pine project in Idaho expected in the second quarter, Liberty Gold (TSX: LGD) has released assay results for the final 35 reverse circulation (RC) drillholes completed as part of last year's 43-875-metre RC program at the site.The results were from five targets, the D-1, D-2 and D-3 zones within Liberty's "Discovery Focus Area" and ass...Read More
Drilling at the southern part of the Cliff Creek area at Benchmark Metals' (TSXV: BNCH) Lawyers project in the Golden Triangle area in B.C. has hit broad zones of gold-silver mineralization and returned high-grade intercepts. The company is working towards a bulk tonnage resource for the project, expected in the first quarter, which would be followed by a preliminary economic assessment.Notable in...Read More
Canadian junior Musk Metals (CNSX: MUSK: US-OTC: GPMNF) is buying the Elon lithium project in Quebec, which would add the coveted battery metal to its gold-focused portfolio."Fuelled by the recent shift to electric vehicles, demand for battery metals and materials has skyrocketed," CEO Nader Vatanchi stated in the announcement. While most people think of Elon Musk, the founder and CEO of electri...Read More
Resolute said it had received a letter advising of the termination from the Ghanaian Minerals Commission, on the instructions of Samuel Abdulai Jinapor, Ghana's minister of lands and naturalRead More