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
The latest news trickling "outside the Beltway" of Washington, D.C., is fantastic. It is also terrible.The Biden administration, along with Democrats in Congress, are pushing a $3 trillion infrastructure package.I love this. I hate this. It is a bloated, sprawling proposal with a whole lot of bad politics and bad policy baked in. Laughably short-term payoffs designed to work into the two- or four-...Read More
Gold has taken a hit this year, no doubt about it. Since peaking over $1,950 in early January, the price of gold has fallen to $1,725 today.But not all is doom and gloom. Some perspective is needed. If we go back to the beginning of the current bull market on December 16, 2015 (when gold bottomed at $1,050 per ounce), gold is up over 60% even at today's beaten-down price.That bottom occurred on th...Read More
Gold stocks are down, but not out. Can they rebound sans a soaring gold price?Read full newsRead More
Gold Mountain Mining Corp. is pleased to announce that after compRead full newsRead More
Idaho Champion Gold Mines Canada Inc. is pleased to announce theRead full newsRead More
Satori Resources is about to start drilling at the Tartan Lake gold mine project near Flin Flon.Read full newsRead More
US and China officials met in AlaskaRead full newsRead More
RENO, Nev. - The last patented lode gold mine left in Northern Nevada is now being offered by Sierra Sotheby's International Realty for nearly $40 million. Located in the Spring Valley mining District of Nevada'sRead full newsRead More
"Is that the way that you had hoped to conduct this dialogue?" foreign minister Wang Yi asked through an interpreter, during opening remarks in the meeting with US secretary of state Antony Blinken and national security advisor Jake Sullivan.Following the meeting, Sullivan said the talks were "tough and direct" and the US would continue to work with China going forward.The gold price is a little l...Read More
Shares in Fortune reached a one-year high intraday of C23c before closing up 40% to 21c.The company had last week announced five high priority drill targets near its advanced NICO cobalt-gold-bismuth-copper deposit in Canada's Northwest Territories.It further noted NICO's reserves contained 102.1 million pounds of bismuth, after Natural Resources Canada put cobalt, bismuth and copper on a list of...Read More
The Toronto-headquartered bank said market participants should "keep calm and carry on", pointing to a backdrop for bulks and base metals which it said "remains positive and for many companies weRead More
(IDEX Online) - Signet Jewelers has achieved the targets of its three-year turnaround plan it says, as it reported increased revenue in Q4 of 2020 and a 70 per cent surge on online sales. The world's largest retailer of diamond jewelry achieved better-than-expected results and announced a new strategy - Inspiring Brilliance, which will focus on innovation and sustainable grow...Read More
(IDEX Online) - Elsa Peretti, the Italian fashion model turned iconic jewelry designer has died aged 80.She was probably best known for her signature bone cuff bracelet, and for making silver popular again during her long tenure at Tiffany & Co.She was working as a model in New Work when she decided to try her hand at making jewelry, inspired by a piece she spotted at a flea market.She became...Read More
(IDEX Online) - Israel's Washington ambassador and the head of its Mossad intelligence agency were both reportedly involved in lobbying for sanctions to be lifted on mining magnate Dan Gertler.They were successful, albeit briefly. The Trump administration froze his US assets in 2017 over allegations about his business activities in the Democratic Republic of Congo.It reversed that decis...Read More
Kodiak Copper: A New Copper-Gold Discovery in CanadaSPONSOREDkodiak copperRex ready to rollSPONSOREDrex mineralsDavyhurst back producing gold; can it produce a lot more?SPONSOREDora banda miningSolaris Resources on winning streak in EcuadorSPONSOREDsolaris resourcesA series of events help paint that picture, starting with recent ceremonies to mark the 10th anniversary of the Fukushima tsunami in J...Read More
After a two-day policy meeting last week, the U.S. Federal Reserve said it will maintain its accommodative monetary policy (read easy money) and will keep its overnight interest rates near zero and continue to purchase roughly US$120 billion of treasury bonds and mortgage-backed securities each month.That should be good news for gold. The metal finished February at US$1,743 per ounce (the worst mo...Read More
Gold producer Equinox Gold (TSX: EQX; NYSE: EQX) has announced the results of a feasibility study on an expansion of its 12,700 tonne-per-day Castle Mountain heap leach mine in California into an operation with a 45,350 tonne-per-day heap leach facility and a 3,200 tonne-per-day milling and leaching plant.Based on an initial capital cost of US$510 million (which includes the purchase of a mining f...Read More
Fortune Bay (TSXV: FOR) has released an updated pit-constrained resource estimates for the Box and Athona deposits, 2 km apart, at its past-producing Goldfields project in northern Saskatchewan. The latest resource figures are based on verified historical drill data and incorporate new geological and mineralization models for the property.The indicated resources total 22.6 million tonnes at 1.34 g...Read More
In 2020, a total of 18,750 tonnes of cobalt were consumed in the batteries of newly-sold passenger EVs globally, an increase of 29% year-over-year, a new report by Adamas Intelligence reveals.According to the market analyst, the increase in cobalt use was the result of a surge in passenger BEV and PHEV sales in the second half of the year, particularly in China and Europe.When it comes to manufact...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipKodiak Copper: A New Copper-Gold Discovery in CanadaSPONSOREDkodiak copperRex ready to rollSPONSOREDrex mineralsAltar is defined by three distinct deposits: Altar Central, Altar East and QDM Gold.Altar Central and Altar East are constrained using a single openpit and therefore...Read More