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
TSXV: LMS) announces that it has received an option exercise notiRead full newsRead More
HighlightsHeadline assay of 4.6 gt Au 1.7 m consists of two adjacRead full newsRead More
Davis' SPAC is eyeing minerals needed for shift to green economyRead full newsRead More
ALX Resources Corp. is pleased to announce that a diamond drillinRead full newsRead More
Empress Royalty Corp. reports that in connection with its agreemeRead full newsRead More
Aben Resources Ltd. announces that it has granted 3,398,384 incenRead full newsRead More
Searchlight Resources Inc. is pleased to announce that the planneRead full newsRead More
Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company") announces that it has elected to exercise its rights under the terms and conditions of the 2,500,000 common share purchase warrants ("Warrants") that were issued in connection with the purchase of a net smelter royalty ("NSR") in October 2020 to accelerate the expiry date of the Warrants. The origi...Read More
'What a difference a year makes'Read full newsRead More
February 18, 2021- New Gold Inc. (Read full newsRead More
Investors now have until May 15 to bid on blocks that will be awarded to the winning companies by September 15.Read full newsRead More
(IDEX Online) - Gem Diamonds saw an increase in revenue and profits in 2020, despite Covid forcing the closure of its Letseng mine, in Lesotho, between March and May.The London-based miner reported net profits for the year of $24.3m, up almost 130 per cent on $10.6m in 2019. Sales were up 4.2 per cent to $189.6m.Letseng mine, the highest dollar per carat kimberlite diamond mine in the...Read More
(IDEX Online) - Petra Diamonds has concluded the debt-for-equity restructuring which should secure its future.The UK-listed miner failed to attract a buyer for its three mines in South Africa as revenues plunged and it struggled to repay $650m of debts. The deal it has now struck reduces shareholders' stake in the company to just nine per cent.Its debts have been being replaced by $337m...Read More
(IDEX Online) - The IGI labs are to start assembling the world's first diamond coins, which are to be traded as a commodity.Their task will be to inspect and authenticate over 50,000 natural diamonds, seal them into transparent coins, each of exactly the same value. The International Gemological Institute (IGI) is partnering with the US-based Diamond Standard, which launched a $25m IPO l...Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationAntapaccay had said on Thursday it had suspended operations after the main access to its facilities had been blocked since Monday, March 8.In a translated statement on its Facebook page, Compania Minera Antapaccay said the protest had been initiated by some residents of 11 communities in the Espinar province...Read More
Most investors have heard of the GameStop frenzy. GameStop is a brick-and-mortar retail outlet for video games, equipment and accessories.It has long been considered a dying company by Wall Street because it does not have a strong online presence. It seemed to be headed in the same direction as Blockbuster after Netflix arrived with a streaming model for movie rentals to replace Blockbuster’...Read More
Gran Colombia Gold (TSX: GCM) is acquiring Gold X Mining (TSXV: GLDX) in an all-share deal valued at $315 million, after a three-way merger proposal that included Guyana Goldfields was scuttled last year by China's Zijin Mining.The combination of assets - Gran Colombia's producing Segovia operations and Gold X's Toroparu advanced gold project in Guyana - would create a new "Latin American-focused...Read More
Australia-based producer Evolution Mining (ASX: EVN) is acquiring Red Lake-focused gold developer Battle North Gold (TSX: BNAU) in a $343-million, $2.65 a share, all-cash deal. The two companies have entered into a definitive arrangement agreement with Evolution agreeing to acquire all of the Battle North shares outstanding.The $343-million cash offer represents a 46% premium to Battle North's las...Read More
Micon Awarded Front End Engineering Design and Definitive Feasibility StudySPONSOREDmicon internationalRex ready to rollSPONSOREDrex mineralsDavyhurst back producing gold; can it produce a lot more?SPONSOREDora banda miningSolaris Resources on winning streak in EcuadorSPONSOREDsolaris resourcesNot messing up the environment, being a good corporate citizen and following strong governance values, ar...Read More
Former Xstrata boss Mick Davis' newly founded battery metals investment firm Vision Blue Resources is stepping up efforts to reach the goal of becoming a battery metals giant by launching a US$300 million special-purpose acquisition company.ESM Acquisition Corp. (NYSE: ESM), co-sponsored by Vision Blue Resources and private equity mining investor The Energy and Minerals Group, floated in the U.S....Read More