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
Meanwhile the renewed buzz around battery metals continues, as evidenced by SPC Nickel's 150% rise on its TSX Venture Exchange debut yesterday.Gold's slide takes it back to about the same point as 12 months ago, before it slumped further towards $1,471/oz in the March COVID-19 market sell-off, then soared to an all-time high above $2,000/oz in August.Emerging markets stocks were also coming under...Read More
Vice-president of research Rohit Savant, who said in December he thought portents for continuing elevated gold prices were good - translating into a plus-7% average higher price in 2021 versus 2020 -Read More
Hambro said ESG determining the cost of capital was playing out at rapid speed and marked a fundamental shift in capital markets, with capital leaning towards companies seen as compliant through anRead More
(IDEX Online) - A suspect accused of stealing a suitcase containing $2.1m of jewelry from a trade fair in Russia has been extradited to stand trial.Colombian national Edgar Alejandro Valero is alleged to have stolen the suitcase from the pavilion of the Kazanskaya Yarmarka exhibition center (pictured), in Kazan, in July 2018.He was apprehended in Argentina in September 2019 and has now been extrad...Read More
(IDEX Online) - Demand at a series of rough tenders in Dubai was "extremely high", said Trans Atlantic Gem Sales DMCC (TAGS) as it sold the vast majority of 72,000 carats on offer.Total proceeds from 24 February to 3 March were down slightly from the January tender, which raised almost $60m from the sale of all 87,000 carats offered.TAGS said it presented gems from Southern Africa and Angola worth...Read More
(IDEX Online) - Diamond tech firm Sarine is to seek broader investment by listing its shares in Tel Aviv as well as Singapore.It's taking advantage of recent moves by both the Tel Aviv Stock Exchange (TASE) and The Singapore Exchange ("SGX") to allow dual listings.Israel-based Sarine Technologies has been listed on SGX since it went public in April 2005. It hopes to join the TASE (pictured) i...Read More
Rex ready to rollSPONSOREDrex mineralsIt said a contractor was pinned by a rockfall from the drill face on March 7, treated quickly by the site emergency response team and transported to Zacatecas Hospital, where he passed away."It is with great sadness that I report such a tragic loss," president and CEO Darren Pylot said.Rex ready to rollSPONSOREDrex minerals"Our immediate priority is to support...Read More
Rex ready to rollSPONSOREDrex mineralsThe Zambian government moved to liquidate KCM in May 2019, alleging Vedanta breached the terms of its licence, leaving a litany of unpaid bills and failing to deliver on work commitments.Read More
The 89th annual Prospectors and Developers Association of Canada convention kicked off yesterday a little differently - in an online format thanks to the ongoing coronavirus pandemic.The highlight of Day 1 was a conversation on "profits with purpose" between Barrick Gold (TSX: ABX; NYSE: GOLD) president and CEO Mark Bristow and Evy Hambro, a managing director and global head of thematic and sector...Read More
Advocacy group Global Witness along with four other civil society organizations said today that the London Bullion Market Association's (LBMA) responsible sourcing program has failed to ensure that only responsibly-sourced gold, conflict-free and untainted by human rights abuses is traded worldwide."We had hoped that September's release of the LBMA's first annual Responsible Sourcing Report 2020...Read More
A preliminary economic assessment from Labrador Iron Mines Holdings (US-OTC: LBRMF) on its 52%-held Houston project on the Labrador-Quebec border suggests a 12-year open pit producing 2 million tonnes per year of material grading 62% iron.With a year-round mining rate of 5,500 tonnes per day, the material, after on-site crushing and screening, would be loaded onto trains, at 10,000 tonnes per day,...Read More
This week's episode features a keynote presentation from the Global Mining Symposium with Paul Brink, president and CEO, Franco-Nevada, and Daniella Dimitrov, partner, Sprott Capital Partners, on the state of the mining industry and whether we are, in fact, heading into a new commodities super-cycle. The panel was moderated by Cecilia Jamasmie, senior editor, MINING.com.This week's Mining Minute...Read More
Billionaire Robert Friedland-backed High Power Exploration (HPX) said on March 8 that it had raised US$200 million for its proposed Nimba iron ore mine in southeastern Guinea, home to some of the world's highest-grade deposits, including the giant Simandou.The funds received will enable the Canadian company to fast-track development of the project, which is expected to produce an initial 15 milli...Read More
Appia Energy (CNSX: API; US-OTC: APAAF) a technology metals company exploring for critical rare earths at its 100%-owned Alces Lake property in Saskatchewan, has begun bench scale monazite processing and metallurgical testing at the Saskatchewan Research Council (SRC) pilot plant using sample materials collected from the high-grade rare earth elements (REEs), gallium and uranium property at Alces...Read More
Victory Resources Corporation is pleased to announce it has complRead full newsRead More
Strong copper demand from China's EV market will offset lower consumption from housing and powerRead full newsRead More
Welcome To Canbud: Always On The Move...Read full newsRead More
Chinese drone giant DJI Technology Co Ltd built up such a successful U.S. business over the past decade that it almost drove all competitors out of the market.Read full newsRead More
Metals, majors mixedRead full newsRead More