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
Share this articleBULYANHULU GOLD MINE - The North Mara and Bulyanhulu gold mines both produced near the top end of their production guidance in 2020, their first full year under Barrick's management. Including Buzwagi, the Tanzanian assets delivered a combined output of 462,472 ounces for the year.The mines have been successfully revived, with North Mara delivering significant improvements and un...Read More
(IDEX Online) - De Beers has revised down its production guidance for 2021 by three per cent, blaming operational issues and lower output at its Venetia mine, in South Africa, rather than a Covid-related lack of demand.Its forecast is now down by a million carats at 32m to 34m carats, rather than the original 33m to 35m carats.Parent company Anglo American says in its Production Report Q4 2020 tha...Read More
(IDEX Online) - Visitors to the USA's only active diamond mine recovered over 80 carats last year. The Crater of Diamonds State Park, near Murfreesboro, in Arkansas, charges day trippers $10 a day to sift the soil - and lets them keep any gems they find. It says 2020 was a record-breaking year, despite an enforced closure form March to May because of coronavirus. The largest find was a 9.07-c...Read More
(IDEX Online) - British jeweler David Morris is breaking the mold by launching a high-end collection online, rather than through a virtual presentation at the Paris haute couture week.It's partnering with Farfetch, the British-Portuguese luxury fashion retail platform to give buyers their first glimpse of its Renaissance range.Among the high-value one-off pieces on offer are the Monsoon Neckl...Read More
Neo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesOceanaGold marks three decades of gold standard mining SPONSOREDoceanagoldAnglo reported Q4 copper production of 167,800 tonnes, up 6% year-on-year and up 1% quarter-on-quarter, a rise the comp...Read More
Neo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesOceanaGold marks three decades of gold standard mining SPONSOREDoceanagoldSector investment conditions have improved dramatically since the end of March 2020, consistent with the v-shaped turna...Read More
Rupert Resources (TSXV: RUP) reported new results from its 60,000 metre drill program in Finland and noted that the latest holes have increased the maximum intersected vertical depth at its Ikkari prospect to 480 metres from 75 metres in the east and to 320 metres from 100 metres in the west.Ikkari makes up part of the junior explorer's flagship Pahtavaara project in Finland's Central Lapland Gree...Read More
Adriatic Metals (LSE: ADT1; ASX: ADT) has received an exploitation permit for its Veovaca project near Vares in Bosnia-Herzegovina, 50 km north of the capital, Sarajevo. The permit, issued by the Federal Ministry for Energy, Mining and Industry, initiates the project's formal exploitation period, valid for 30 years. "This is a major permitting achievement that has been realised through close co...Read More
With gold prices hitting record highs over the past year, the question becomes whether the world can produce enough of the precious metal to keep pace with its rising demand.To give a better picture of the size and potential of the world's gold supply, MINING.com and sister company MiningIntelligence collaborated to provide a ranking of the largest undeveloped gold deposits around the globe that...Read More
Aggreko, the world's leader in mobile, modular power, has committed to net zero emissions by 2050 and is partnering with the world's biggest miners to use greener energy like solar, wind and natural gas.The company has vowed to invest A$450 million to A$600 million (US$346 million to US$500 million) each year to support its energy transition, including big spends in what it sees as a major growth...Read More
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) is seeking an interim order in its arbitration against Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) in response to some of the top miner's actions that would limit Turquoise's funding options for the vast Oyu Tolgoi copper-gold-silver mine in Mongolia.Tensions between Rio Tinto and Turquoise Hill's management and minority shareholders have grabbed headli...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipNeo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedThe new reserve is 14.1 million tonnes grading 1.77% copper and 44.4 grams per tonne silver. The indicated and inferred resources increased 10% to 29.7mt...Read More
I was honored to be a guest on Nic Penrake's wonderful podcast A Trader's Life. Each week Nic dives deep into different investors' strategies and focuses. He's interviewed everyone from forex traders to institutional traders to currency options traders - and even a hypnotherapist who specializes in helping traders overcome adrenaline overload when trading.It's a great podcast and I'd recommend dig...Read More
Danakali and Kalium Lakes among the potash juniors to see share prices riseRead full newsRead More
Why Gold Mining Stocks Outperform Gold in Bull Markets Gold is highly revered for its great returns and resilience during economic downturns, ...Read full newsRead More
Thousands of jobs are on the line in New Caledonia as the future of its huge nickel sector hangs in the balance.Read full newsRead More
"Tin was the best performer, reaching a fresh six-year high on firm demand and falling inventories," Marex Spectron's Anna Stablum said yesterday from the LME desk, Singapore.Bolivia-focused Eloro (TSXV: ELO) shone in Toronto, gaining 23.57% to close at a one-year high of C$3.25 on "phenomenal" results from its Iska Iska silver-polymetallic project.The company reported intersecting 257.5m grading...Read More
Fertiliser, a sector of the mining industry which tends to only attract interest when there's a takeover bid on the table, or when big developments are planned, is moving into a sweet spot of strongRead More
(IDEX Online) - Angola's diamond production was reportedly down 40 per cent on its 2020 forecasts, from 10.5m carats to 7.5m carats.Endiama, the state-owned diamond company, says it laid off staff and revised down its forecasts but kept its mines open during the pandemic.It earned about $1.3bn in 2019 from the sale of 9.44m carats, according to Ag?? ?ncia Angola Press. Revenue was down $400m...Read More
(IDEX Online) - Lucara has announced its second huge diamond recovery in two weeks from Karowe, in Botswana. The Canadian miner says the unbroken Type IIa 378-carat gem quality top white diamond (pictured) came from milling of ore.It follows the recovery of an unbroken 341-carat diamond from the same part of the mine, long associated with valuable finds, which was announced two weeks ago.It...Read More