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
NV Gold Corporation is pleased to announce that the Company has cRead full newsRead More
Goldcore Resources Ltd. announces that the board of directors havRead full newsRead More
Outback Goldfields Corp . is pleased to announce the start of a lRead full newsRead More
Usual suspects are in Sub-Saharan Africa and Latin AmericaRead full newsRead More
In northern Nevada, the gold mining industry has dominated for decades. Now Nevada lawmakers want to tap into that vein of wealth to ease the pandemic-induced budget crunch.Read full newsRead More
Buoyed by higher pricesRead full newsRead More
Wall Street was buoyant, with the S&P 500 making its strongest one-day gain since June, Reuters reported, as another COVID-19 vaccine received US approval and president Joe Biden's US$1.9 trillion relief package was passed by the house of representatives before heading to the senate.The S&P 500 closed up 2.38% to 3,901.82.Futures were up around the globe.Gold has slumped to $1,723 an ounce...Read More
The company's net income was US$739 million, up from a $1.56 billion loss a year earlier.Adjusted EDITDA rose 20% to $4.2 billion, after $4.8 billion in expenses of which $3.9 billion was related to the R37.7 billion (US$7 billion) Brumadinho settlement reached in January.Vale's ferrous minerals division achieved its second largest adjusted EBITDA of $8.8 billion, thanks to a 17% rise in realised...Read More
(IDEX Online) - Beyonce is joining jewelry designer Lorraine Schwartz to select two black students for scholarships at the GIA.They became friends through a shared love of jewelry and established The Beyonc?? (C) Knowles-Carter x Lorraine Schwartz GIA Scholarship.It will fund tuition and expenses for two successful applicants to the GIA's Graduate Gemologist distance learning program, wh...Read More
(IDEX Online) - A jeweler's guard dog dozes through an armed "raid" on a store in Thailand.Fortunately for owner Worawut Lomwanawong and Lucky, his docile husky (left of picture) it was only a training exercise by police in the city of Malay. In real life the perpetrator may well have been able to flee unchallenged.Mr Lomwanawong posted CCTV on Lucky's Facebook page and had well over a m...Read More
Auteco has the right ingredients with PickleSPONSOREDauteco mineralsAzure's Western Australia nickel success could get golden hueSPONSOREDazure mineralsHot Chili knock, knock, knockin' on tier 1 doorSPONSOREDhot chiliMegatrends 2035: How expansion of megacities will impact demand for commodities?EUR
Auteco has the right ingredients with PickleSPONSOREDauteco mineralsAzure's Western Australia nickel success could get golden hueSPONSOREDazure mineralsHot Chili knock, knock, knockin' on tier 1 doorSPONSOREDhot chiliMegatrends 2035: How expansion of megacities will impact demand for commodities?EUR
Fury Gold Mines (TSX: FURY; NYSE: FURY) has released assay results for the first five drillholes completed as part of a 25,000-metre program focused on expanding and upgrading the highest-grade lower eastern portion of the Eau Claire resource in the James Bay region in Quebec.Michael Henrichsen, Fury Gold's senior VP of exploration, said the latest results "meaningfully expand the high-grade resou...Read More
The last batch of infill results from Skeena Resources' (TSX: SKE) second-phase infill program at the past-producing Eskay Creek project in B.C.'s Golden Triangle includes long intervals of near-surface high-grade gold-silver mineralization.Latest results include assays for drillholes completed at the 21C and HW zones. Drill highlights from the 21C zone included 49 metres of 2.82 grams gold per to...Read More
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has spent over US$385 million (A$500 million) in the past year to continue developing the Greater Tom Price iron ore operations in Western Australia's Pilbara region.The world's second-largest iron ore producer kicked off the Western Turner Syncline Phase 2 expansion in early 2020 and intends to employ more than 1,000 people at peak construction.The cash i...Read More
Nighthawk Gold (TSX: NHK) has updated the mineral resources for its Indin Lake gold property in the Northwest Territories, 200 km north of Yellowknife. The latest numbers incorporate two-thirds of the drill assays from the 2020 exploration program (due to a delay in result turn-around times) and also include adjustments to economic parameters.Within the footprint of the Colomac Centre mineralized...Read More
This week's episode features IBK Capital president and CEO Michael F. White in conversation with Northern Miner group publisher Anthony Vaccaro at the Global Mining Symposium online conference. Michael describes how the junior mining sector has made a complete turnaround following the Covid-19 pandemic, and notes how the lack of exploration in the past decade will result in growing demand and...Read More
Hot Chili knock, knock, knockin' on tier 1 doorSPONSOREDhot chiliState copper company Codelco's output rebounded strongly with a 19.4% increase to 142,000t from 118,900t a year ago led by a strong performance at its northern divisions, which grew production 39% to 69,400t.Conversely, production at BHP-operated Escondida fell 16% to 84,700t from 100,900t a year ago.Hot Chili knock, knock, knock...Read More
On Wednesday, February 24, 2021, it started to happen again...Shares of the (now) meme stock GameStop (GME) began to skyrocket for the second time this year.You may remember the first time this happened just over a month ago. Virtually every financial media outlet - hell, even those that don't focus too much on financials or investing - was flooded with the news of what happened.It's a modern-day...Read More
What's the price of gold?That seems like a ridiculously easy question to answer. I'm looking at a trading screen right now, and it displays a price of $1,733.80 per ounce.That price may change a bit by the time you read this, but it would only take a fresh glance at the screen to get the new price. Case closed.What's the price of silver? Again, the question seems easy to answer. My trading screen...Read More