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
Micon Awarded Front End Engineering Design and Definitive Feasibility StudySPONSOREDmicon internationalSolaris Resources on winning streak in EcuadorSPONSOREDsolaris resourcesLynn Lake the next major nickel sulphide discovery?SPONSOREDcorazon miningDavyhurst back producing gold; can it produce a lot more?SPONSOREDora banda miningOccasionally, the mining industry is so unquestioningly dominated by...Read More
Junior gold developer Bluestone Resources is changing tack as it looks to bring its Cerro Blanco project in Guatemala into production through an open pit development scenario which promises to deliver higher returns and more benefits to local stakeholders.The company recently released a "game changer" preliminary economic assessment for a compact open pit mine which doubled the Cerro Blanco gold r...Read More
Is the world on the brink of a fourth wave of increasing coronavirus infections and deaths?Based on the latest data, that's a possibility that cannot be ruled out right now. Here's why…After the virus broke out in Wuhan, China, it spread rapidly to Milan, Italy, where a new strain called the Italian Strain became much more contagious. The Italian Strain spread through Europe and then to New...Read More
If not for the pandemic oil might have been the biggest financial story of 2020. As you might remember, just before everything went to hell in a hand basket, Saudi Arabia and Russia got into a huge pissing match. Instead of cooperating to stabilize oil prices as they had for so long, they flooded the market and slashed their oil prices in an effort to drive higher-cost producers from the market....Read More
Puma Exploration Inc., PUMA-TSXV, is pleased to report on a numbeRead full newsRead More
Crew and Equipment Mobilized for 500m Short-Hole Drill ProgramVicRead full newsRead More
Pacific Empire Minerals Corp. is pleased to announce the appointmRead full newsRead More
Tarku Resources Ltd is pleased to announce that at its Annual GenRead full newsRead More
Arizona Gold Corp. is pleased to provide initial underground drilRead full newsRead More
Trade, regulatory framework to elicit higher standardsRead full newsRead More
Metals Creek Resources Corp. is pleased to announce, further to iRead full newsRead More
Goliath stronger in TorontoRead full newsRead More
Canadian regulators have approved another Bitcoin exchange-traded fund (ETF).The approved Bitcoin ETF will be launched today by the CI Global Asset Management group.This marks the third time that the said country’s regulators are enabling Bitcoin ETF launch.Canada’s securities regulators have approved another Bitcoin exchange-traded fund (ETF). In fact, the Bitcoin ETF is expected to l...Read More
Share this article NorthWest Copper Corp. [NWST-TSXV] on Wednesday March 10 announced a bought deal financing that is expected to raise $13 million from the sale of 3.75 million common shares, five million flow-through common shares, and 4.55 million charity flow-through common shares to an underwriting syndicate.The common shares will be sold for 80 cents a share, the flow-through shares will be...Read More
Share this articleVANCOUVER - GT Gold Corp.(TSX-V:GTT; OTCQX:GTGDF) and Newmont Corporation (NYSE: NEM, TSX: NGT) reported they have entered into a binding agreement, pursuant to which Newmont has agreed to acquire all of the outstanding shares of GT Gold that Newmont does not already own for C$3.25 per share in cash. The total equity value pursuant to the transaction is approximately C$456 millio...Read More
(IDEX Online) - The new Biden administration has bowed to pressure and re-imposed sanctions on Israeli diamond billionaire Dan Gertler.It reverses a decision by former President Trump, who unfroze his US assets barely a month ago, during his final days in office.......That move infuriated human rights groups in the Democratic Republic of Congo, who claim he looted the nation's mineral wealth...Read More
(IDEX Online) - Pandora today reported a growth in sales during February, despite a quarter of its 2,700 stores remaining closed because of the pandemic.The Danish jeweler, best known for its charm bracelets, said year-on-year organic growth for the month was up 12 per cent and total sell-out growth was up seven per cent.That translates into a quarter to date organic growth of four per cent...Read More
(IDEX Online) - Debmarine Namibia, the world's largest largest marine diamond mining company, has reported a 13 per cent drop in production.The company, a joint venture between De Beers and the Namibian government, produced 1.125m carats as the global pandemic hit demand.Debmarine's existing fleet dredges thousands of tonnes of sediment from 150 meters below the seabed, 12 miles off Nami...Read More
Canada is uniquely positioned to become a "global leader in electric vehicle manufacturing," says Francois-Philippe Champagne, Canada's Minister of Innovation, Science and Industry, in a fireside chat with Invest in Canada's CEO Ian McKay at this year's PDAC.As countries worldwide begin to electrify their transportation systems, Canada offers unique advantages, the minister said. "Canada offers re...Read More
As part of its climate efforts, the federal government is providing $7.1 million to Tugliq Energy to help fund the installation of two more wind turbines at Glencore's remote Raglan nickel mine.The operation, in the Nunavik region of northern Quebec, already has two 3-MW wind turbines, one constructed in 2014, and the second in 2018. The two turbines currently generate around 10% of mine power, sa...Read More