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
The agreement provides for total payments of US$5 million by Perpetua over four years, including $4 million of contributions to a South Fork Salmon Water quality enhancement fund to be used by theRead More
Okane supports integrated mine closure planning involving all stakeholdersSPONSOREDokane consultantsArdea set for 40 years plus of nickel, cobalt productionSPONSOREDardea resourcesMassive resource increase as De Grey's Hemi heads for DFSSPONSOREDde grey miningAndover lithium potentially Australia's biggestSPONSOREDazure mineralsThe stated intention of the Wa State's tin mining suspension i...Read More
(IDEX Online) - Fancy color diamonds saw slower growth in the last three months, with an increase of just 0.5 per cent in the FCRF Index, which tracks prices across all colors, sizes and intensities.That compares with a 1.3 per cent rise during the first quarter of 2023, as reported by the New York-based Fancy Color Research Foundation, with the biggest increases among yellows.During Q2, yellows d...Read More
As youth the Road Runner cartoon show amused us vastly.The Road Runner character would deceive his murderous pursuer Wile E. Coyote over a cliff edge.Yet this Coyote figure would continue his chase for incredible seconds... disobeying gravity's iron laws... unaware of his precarious peril.At this point he'd glance groundward and receive an updated intelligence report.Alarmed and stripped of...Read More
(IDEX Online) - Lucara yesterday announced the recovery of a 1,080.1 carat diamond.It's the fourth +1,000-ct stone from Karowe, in Botswana, since the mine opened in 2012.The Type IIa top white gem quality diamond measures 82.2m x 42.8m x 34.2mm and was recovered from direct milling of ore sourced from the mine's South Lobe.In November 2015, a 1,109-carat stone - the world's l...Read More
The company envisions a 20-year plus operating life from a resource averaging 437 mg/L. The project would yield a base case after-tax net present value of US$3.Read More
If you weren't around for it, I can describe the 1990s in a single word...In the era of neon colors, Walkman, and Zima, American culture was highly saturated and blurred with a nostalgic glow of the rock-and-roll era that preceded it.Boy bands... Rollerblades... Zack Morris phones... everything popped in the 1990s. And everyone was ready to party. Even the U.S. Treasury Department.Yeah, that's rig...Read More
"After adjusting for $6.8 million of transaction costs incurred during the quarter associated with the acquisition of Copper Mountain and a non-cash gain of $4.Read More
Okane supports integrated mine closure planning involving all stakeholdersSPONSOREDokane consultantsArdea set for 40 years plus of nickel, cobalt productionSPONSOREDardea resourcesMassive resource increase as De Grey's Hemi heads for DFSSPONSOREDde grey miningAndover lithium potentially Australia's biggestSPONSOREDazure minerals"These indicators were intended to illustrate and summarise th...Read More
(IDEX Online) - Raiders smashed showcases with sledgehammers at a jewelry store in California, USA, and fled with $900,000 of jewelry in garbage cans.The Jewelers' Security Alliance (JSA) said it was just one of 14 smash and grab attacks in the southern part of the state within a month.It warned that such robberies were at "crisis level" and urged retailers to take precautions - and not to ch...Read More
The Tucumã, open pit project is on schedule at about 45% complete at the end of the June quarter, with pre-stripping in progress.Read More
Okane supports integrated mine closure planning involving all stakeholdersSPONSOREDokane consultantsArdea set for 40 years plus of nickel, cobalt productionSPONSOREDardea resourcesMassive resource increase as De Grey's Hemi heads for DFSSPONSOREDde grey miningAndover lithium potentially Australia's biggestSPONSOREDazure mineralsAs a preface to discussing the company's June quarter financia...Read More
Okane supports integrated mine closure planning involving all stakeholdersSPONSOREDokane consultantsArdea set for 40 years plus of nickel, cobalt productionSPONSOREDardea resourcesMassive resource increase as De Grey's Hemi heads for DFSSPONSOREDde grey miningAndover lithium potentially Australia's biggestSPONSOREDazure minerals"PT-FI is continuing to discuss the applicability of the revis...Read More
Bellevue Gold's confidence is growing as it nears first gold production but that's just the company reaching the starting line, managing director Darren Stralow said during a pre-Diggers & DealersRead More
Okane supports integrated mine closure planning involving all stakeholdersSPONSOREDokane consultantsArdea set for 40 years plus of nickel, cobalt productionSPONSOREDardea resourcesMassive resource increase as De Grey's Hemi heads for DFSSPONSOREDde grey miningAndover lithium potentially Australia's biggestSPONSOREDazure mineralsThe government said the decision was made "after serious consi...Read More
The structural projects were conceived in 2010 to extend the operability of several Codelco operations for decades and reverse its declining production profile.Read More
When we talk about the future of warfare, a lot of people think of drones or hypersonic weapons. That's reasonable, but one facet of future war that often goes overlooked is laser weapons. The U.S. military first began experimenting with lasers in the 1960s.However, after a series of tests, some of them brutal, it was determined that laser weapons had limited use in combat. In fact, in 1995, the G...Read More
Glencore's first-half earnings before interest, taxation, depreciation, and amortisation (EBITDA) was US$$9.4 billion down 50% year-on-year, and below consensus expectations of $10 billion.Read More
Bristow said that while the alignment on minerals policy in the US government is pulled in different directions by pro-mining and anti-mining people, the fact that earlier this month, copper wasRead More
The Cornish Lithium investment is the latest sign that the UK's battery sector may be starting to pick up some momentum, after attracting widespread criticism in the wake of the Britishvolt debacle.Read More