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
Mining companies adopted a more conservative approach after the 2015-16 market downturn to adjust to more volatile commodity prices, focusing on cost cutting, productivity and expanding liquidity says a new report by Moody's Investor Service, a ratings agency. Moody's says earnings for the 130 rated issuers in the industry have improved since mid-decade downturn, with EBITDA for 12 months through...Read More
Encouraged by positive results from its exploration program at the Pickle Crow gold project in northern Ontario, Australian junior Auteco Minerals (ASX: AUT) is planning to take a 51% interest in the past-producer, 400 km north of Thunder Bay.Under a joint-venture deal signed with First Mining Gold (TSX: FF) in January 2020, Auteco has completed enough exploration spending to earn a majority stake...Read More
Global production of iron ore products reached 2.2 billion tonnes in 2020 and is expected to reach 2.35 billion tonnes in 2021, according to Fastmarkets.Despite the Covid-19 pandemic, China has imported a record amount of iron ore, pushing the metal price high. Tight supplies helped lift the most-active futures contract for 62% iron-ore fines delivered to China to US$174.94 per metric tonne on Mar...Read More
"Given their deteriorating bilateral relations and China's imports restriction on Australian coal in recent years, we believe Beijing has identified its dependence on Australian resources as one ofRead More
When the FOMC met earlier this week, Jerome Powell stuck to his story..."Inflation continues to run below 2%," the Fed statement said, and is "running persistently below this longer-run goal." And while "indicators of economic activity and employment have turned up recently... the sectors most adversely affected by the pandemic remain weak."As a result, the FOMC will keep its target rate at a rock...Read More
WPIC tips growing demandRead full newsRead More
February 18, 2021- New Gold Inc. ("New Gold" or the "Company") (TSX and NYSE American: NGD) provides its annual operational outlook for the New AftonRead full newsRead More
Tight copper concentrate supply remains a concern for downstream copper players.Read full newsRead More
Energy producer BP Plc on Thursday announced plans to develop the UK's largest blue hydrogen production facility.Read full newsRead More
Copper, palladium up on Nornickel newsRead full newsRead More
The updated resource estimate will form the basis of the upcoming bankable feasibility study due out in Q2 2021.Read full newsRead More
These nickel stocks should provide solid returns as more EVs hit the roads. Their batteries require a lot of the metal to perfom well.Read full newsRead More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") a smart tech platform that automates the distribution of consumer-facing product information to retailers, announces today a bulk purchase of 500 Mesh Connectors?,,? from a Product Content Management (PCM) partner.The partner, a modern content management platform solution, engaged Venzee to fully automate the sy...Read More
It yesterday closed an underwritten placement which raised C$35.1 million through the issue of shares priced at $1.95.It also said Zhaojin International had elected to maintain its 9.9% stake in the company and would purchase shares at $1.95, to provide further proceeds of $4.1 million."We also continue to re-fresh the debt process with various parties with a view to securing total project financi...Read More
Nornickel, the world's largest palladium producer and a major platinum producer, said this week PGM production could be almost 20% below guidance in 2021 as it expects to take three to four months to address the inflow of water at Oktyabrsky and Taimyrsky and ramp back up to full capacity.South Africa-based PGM producers including Impala Platinum have already reported record results in recent week...Read More
Share this article Santacruz Silver Mining Ltd. [SCZ-TSXV; SZSMF-OTC] said Thursday March 18 that it has increased the size of a previously announced non-brokered private placement to $14.1 million, with the lead order coming from Palisades Goldcorp Ltd.The company said the private placement will now consists of up to 47 million units at a purchase price of 30 cents per unit for gross proceeds...Read More
(IDEX Online) - A Cartier bracelet featuring a flawless D-color 63.66-carat pear-shaped white diamond and rock crystal is to be auctioned at Sotheby's Hong Kong with an estimate of $5.1m to $8.4m.The Art Deco-inspired piece (pictured), part of the L'Odyss?? (C)e de Cartier - Parcours d'un Style high jewelry collection, took almost 2,000 hours to create.Also headlining at the Magnifi...Read More
(IDEX Online) - A new range of "diamond watches" feature a hand-drawn 3D image of a brilliant-cut gem on the dial.They're the creation of celebrated Canadian watch and jewelry designer Reena Ahluwalia (pictured with watch), who is also a keen diamond painter.She earned a Guinness World Record in 2019 for her Mudan Watch, with most diamonds set on a watch - 15,858 diamonds, totaling 50.01...Read More
(IDEX Online) - A collection of Hemmerle jewelry - with their trademark gems set in unorthodox materials - is to be sold by Sotheby's New York.The 19 lots, all owned by the late philanthropist, art patron and passionate collector Michelle Smith, represent the largest private collection of Hemmerle jewelry to appear at auction.They're among more than 400 lots of 20th and 21st century desi...Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationThe hit of 813m grading 0.4% copper and 0.1 grams per tonne gold from 54m depth to the end of the hole also included 318m at 0.6% copper and 0.Read More