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
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
With a resource estimate for the Berry zone at Marathon Gold's (TSX: MOZ) Valentine gold project underway, the company recently released assay results from its 2021 drilling for seven holes drilled within the 1.5-km target.The latest results included a deeper drillhole assay from the less-explored central portion of Berry that returned 22 metres of 6.57 grams gold per tonne starting at 232 metres....Read More
Sudan is moving forward with plans to reopen a network of mines that at one stage produced a third of the nation's gold and that were until last year linked to the family of the country's most powerful militia leader.The Mining Ministry said on March 15 that it had sent a team from the General Authority for Geological Research to determine how soon the North Darfur mines can resume production.The...Read More
Fortescue Metals Group (ASX: FMG), the world's fourth largest iron ore producer, has brought forward a self-imposed deadline to be carbon-neutral by ten years to 2030, about two decades earlier than its closest rivals BHP, Rio Tinto and Vale.The Australian miner said its subsidiary Fortescue Future Industries (FFI) will be a key enabler of the new target through the development of green electric...Read More
Newmont (TSX: NGT; NYSE: NEM), the world's No. 1 gold miner, is acquiring all the shares it doesn't already own in Canadian explorer GT Gold (TSXV: GTT) in a cash deal valued at about US$311 million ($393 million).The transaction will see the U.S. mining giant buying the remaining 85.1% of common shares of GT Gold it doesn't already have for $3.25 per share in cash. The figure represents a 38%...Read 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
March 11, 2021 (ACCESSWIRE via COMTEX) --VANCOUVER, BC / ACCESSWIRE / March 11, 2021 / Gambier Gold Corp. (TSX-V:GGAU) (theRead 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
"On March 12, 2020, as the pandemic spread through the US, the S&P 500 plunged 9.5% in its steepest one-day fall since 1987."On Friday, it closed up 0.1% to a new record closing high of 3,943.34.Later this week, markets will be watching out for the results of the US Federal Reserve's Federal Open Market Committee meeting."My own view is they leave their rates projections unchanged, which shoul...Read More
(IDEX Online) - Signet Jewelers has handed over $4m to a children's cancer hospital, much of it raised from customer and employee donations.The company, which has almost 2,900 retail outlets worldwide, has raised $81m in the last 22 years for the St. Jude Children's Research Hospital, in Memphis, Tennessee, USA."Our partners, their employees and customers continue to have big hearts for...Read More
(IDEX Online) - The billionaire lifestyle of fugitive diamantaire Nirav Modi is revealed in an explosive new book.He's one of 12 Indian nationals who have sought a safe haven in London, and whose stories are told in Escaped: True Stories of Indian Fugitives in London, a Penguin paperback/Kindle by Danish Khan and Ruhi Khan.Last month a judge in Britain approved the extradition of Modi, 49, to...Read More
(IDEX Online) - Liam Neeson is tasked with rescuing diamond workers trapped after a mine collapses in the reaches of northern Canada.The 68-year-old Irish actor stars in a new, action thriller The Ice Road, which Netflix will screen in the US after paying a record $18m for the rights.The streaming giant won the US rights to the movie in what was described as a "record domestic only-deal".Leeson pl...Read More
The breathtaking image belies a dark history of environmental destruction.Read full newsRead More
Arete reveals eyewatering drill hitRead full newsRead More
Victory Resources Corporation is pleased to announce that it hasRead full newsRead More
Empress Royalty Corp. reports that the Company's common shares arRead full newsRead More
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DRead full newsRead More
Governors appeal to explorersRead full newsRead More
NEW YORK, March 10, 2021 /PRNewswire via COMTEX/ --NEW YORK, March 10, 2021 /PRNewswire/ -- Gold prices rebounded about 2% on Tuesday, surpassing the key...Read full newsRead More
Share this article Cascada Silver Corp. [CSS-CSE] has received all necessary regulatory and Canadian Securities Exchange approvals to commence trading of its common shares on the CSE Friday March 12, 2021. With receipt of listing approvals in hand, Cascada will increase its exploration activities on its portfolio of silver properties located in Chile's Atacama Region, including the historic Agua...Read More