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
Favourable financing conditions were crucial to put the economic recovery on a self-sustaining trajectory, European Central Bank president Christine Lagarde told European parliament yesterday.Copper closed up more than 1.3% on the London Metal Exchange to US$8,157.75 per tonne.Gold was worth almost $1,838 an ounce on the spot market.Silver remains above $27/oz, about $3 shy of last week's eight-ye...Read More
Supplies from South Africa, a dominant PGM producer, are expected to get a leg up from the refining backlog accumulated during processing plant outages in 2020.Read More
Share this articleVANCOUVER - Solstice Gold Corporation (TSXV:SGC) reported that it has commenced a high resolution, property-wide, 1102 line-km heliborne magnetic survey on the company's newly acquired Red Lake Extension project. The survey's 50 m spacing will provide high definition magnetic and structural information to aid further exploration of the project. This will supplement the existing g...Read More
(IDEX Online) - The GIA lab in Johannesburg has identified three cases of synthetic moissanite being submitted for grading with a fraudulent inscription.It's a new development by unscrupulous dealers trying to pass off simulants as genuine diamonds.The lab says most fakes are easily spotted, but in the first of three cases a colorless 1.02-ct round brilliant gem bore a GIA number correspondin...Read More
(IDEX Online) - Alrosa today reported total rough and polished sales of $430m for January, up six per cent year-on-year.Demand was firming, especially in China and the USA, said the miner, which has allowed zero-buyouts during most of the pandemic.The figure was higher than for any month in 2020 apart from December, when the disposal of accumulated stock and sale of the record-breaking Spiri...Read More
(IDEX Online) - Petra Diamonds has outlined its 10-point plan for change at the Williamson mine, in Tanzania, following claims that its security staff had been "ruthless and militaristic" in their dealings with illegal diggers. It also provided details of some of the 79 recorded incursions onto its site in the three months to the end of January, to indicate the scale of the problem it faces. Petra...Read More
Trident aims to fill valuable nicheSPONSOREDtrident royaltiesOrion's work has verified known resources, and confirmed "outstanding" potential for growth, with exciting potential for strike extensions and high-priority electromagnetic targets located below theRead More
Maximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesMount Polley, the site of a tailings dam failure in 2014, was suspended in May 2019 "pending improvement of the economics of mining". The mine had produced 2.3 million pounds of copper and 6,147 ounces of gold in the March 2019 quarter, less than half the output of the previous corresponding period, with recove...Read More
The People Affected by Dams Association (MAB) and the Popular Sovereignty in Mining (MAM), along with left political parties PT and PSOL are seeking a Supreme Court order against the deal signed by Vale and the government of Minas Gerais, Brazil, for the reparation of the socio-economic and environmental damage caused by the Brumadinho dam collapse in 2019.They say the settlement was signed w...Read More
The following is a release by the Silver Institute, a Washington, D.C.-based non-profit association that draws its international membership from across the breadth of the silver industry, including silver miners, refiners, bullion suppliers, manufacturers of silver products and wholesalers of silver investment products. For more information, visit www.silverinstitute.org.Against an improving macro...Read More
Newmont (TSX: NGT; NYSE: NEM) has reported its 2020 year-end reserve and resource update, and its 94.2 million oz. of attributable gold reserves are the largest in the industry, the gold miner says. In addition, over 90% of the reserve inventory is in 'top-tier' jurisdictions, with an operating reserve life of over 10 years and at an average grade of 1.03 grams gold per tonne. Approximately 35% o...Read More
Nouveau Monde Graphite (TSXV: NOU; US-OTC: NMGRF) plans to begin early construction works at its Matawinie graphite project in Quebec in the second quarter, after receiving a key authorization from the province.With the issue of an environmental decree from the Quebec government, the junior says it now has the operational criteria and final design parameters to launch construction activities. Full...Read More
Exploration and development company Bacanora Lithium (LSE: BCN) has begun initial site activities at its flagship Sonora lithium project in Mexico.The company is developing the mine with strategic partner Ganfeng Lithium, which recently increased its stake in the Mexican project from 22.5% to 50%, injecting US$65 million into Bacanora's coffers.Production of battery grade lithiumis scheduled for...Read More
Bowing to public pressure, Alberta has reversed course on its decision last May to rescind the province's 1976 policy governing coal exploration and development in the Eastern Slopes region of the Rocky Mountains.At the time when it lifted the policy, it framed the action as a modernization of regulations.However the move alarmed multiple groups - including ranchers, environmental and First Nation...Read More
Neo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesEnvironmental and social governance (ESG) is critical to the success of miningSPONSOREDonyen corporationWith multiple auction rounds planned for 2021, interested parties need to register from F...Read More
Some people are still talking about GameStop. Some are talking about the current price run in cryptocurrencies.Few are talking about a sector that has quietly been making gains over the past few days. While mainstream outlets are talking about the hot stories of the moment, they're missing a story that everyone will know about before long. In Case You Missed It Recent market roller coasters, d...Read More
A man shipwrecked bobs along in his lifeboat...The cruel sun cooks him. His thirst tortures him. His sufferings are doubled, tripled and quadrupled by this impossible irony:Water, water is everywhere - yet there is scarcely a drop to drink. Salt water in any quantity would murder him.Thus he dangles from the hooks of a lethal dilemma. He dies if he does not drink... and he dies if he does drink.Th...Read More
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