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 Federal Reserve met last week and voted to keep interest rates unchanged. What a shock!The Fed also gave an upbeat forecast of economic growth, predicting that the U.S. economy will grow 6.5% this year, its highest rate in nearly 40 years. Its December 2020 forecast projected 4.2% growth.The Fed also expects that the economy could return to full employment next year and that inflation could hi...Read More
(IDEX Online) - Tenants at a London apartment block have voted to drop the name Cecil Rhodes House.The building that is their home was named after the De Beers founder in 1957, but the left-wing Labour municipality (Camden Council) that owns it polled residents last month over a change of name.Those living in the 82 apartments voted against renaming it after the black boxer Bill Richmond or Indian...Read More
(IDEX Online) - Tiffany & Co is gearing up for another court appearance in its eight-year legal battle with Costco over the sale of generic diamond engagement rings bearing its name.The New York-based jeweler was awarded $21m in damages in 2013, but last year a federal appeals court concluded that customers were not likely to be confused by rings bearing the "Tiffany" name.Costco is now challe...Read More
This column aims to collect some of the most relevant recent discoveries and papers - particularly in but not limited to artificial intelligence - and explain why they matter.Read full newsRead More
The copper industry is set to face an annual supply deficit of 4.7 million tonnes by 2030, CRU Group estimates.Read full newsRead More
A resource update is underway with results expected in the second quarter.Read full newsRead More
The price of gold was on the up this week, reaching a monthly high of US$1,754. The growth ends three weeks of losses for the yellow metal.Read full newsRead More
Ground includes 14 former copper mines in CyprusRead full newsRead More
ESG performance usurping other key share price determinantsRead full newsRead More
Victory Resources Corporation is pleased to announce that the ComRead full newsRead More
TSG the latest gold miner to be hoovered up by SviblovRead full newsRead More
VANCOUVER, British Columbia, March03, 2021(GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) ("PureGold" or the "Company"), is ple...Read full newsRead More
/PRNewswire/ - Golden Star Resources Ltd. (NYSE American: GSS) (TSX: GSC) (GSE: GSR) (Read full newsRead More
Caerus - the Greek word for ‘opportunity' boasts twelve exploration licences covering over 32km, comprising 14 former copper mines.Read More
Operating profit for the six months to December 31 was ZAR5.2 billion, Northam said on Friday.Read More
Share this article New Gold Inc. [NGD-TSX, NYSE American] is making a strategic investment in Harte Gold Corp. [HRT-TSX; HRTFF-OTC; H40-FSE] by way of a private placement subscription of 154.9 million common shares priced at 16 cents each.The private placement will result in Harte Gold raising $24.8 million and leave New Gold holding 14.9% of the company's outstanding shares. Closing of the trans...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 resourcesPrompted by higher nickel prices, Poseidon is racing to restart historical mining sites in Western Australia under the leadership of P...Read More
Earlier this year New Found Gold (TSXV: NFG; US-OTC: NFGFF) said it plans to double its 2021 drill program to 200,000 metres and eight rigs at its flagship Queensway project in Newfoundland, 15 km west of Gander. Six drill rigs are now turning on the high-grade gold project and that number will increase to eight before the end of March.The 1,500 sq. km project, adjacent to the Trans-Canada Highway...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, development and production space. Below we profile eight companies focused on the precious metal.American Creek ResourcesA bulk sample pond at the Austruck-Bonanza property. Credit: American Creek.American Creek Resources (T...Read More
Nexa Resources (TSX: NEXA; NYSE: NEXA) - one of the largest zinc producers in the world - has acquired a 9% stake in Tinka Resources (TSXV: TK; US-OTC: TKRFF), which is developing Ayawilca, one of the largest zinc projects in Peru.Nexa owns Peru's only operating zinc smelter as well as three underground base metals mines in the country, and according to Wood Mackenzie was among the top five produc...Read More