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
A.I.S. Resources Limited is delighted to report that Fender GeophRead full newsRead More
Gold Mountain Mining Corp. is pleased to announce a signed definiRead full newsRead More
Negative report 'likely to stall momentum'Read full newsRead More
Commodity investors are back in full force, with record wagers that crops, metals and oil are set for a rally.Read full newsRead More
Vancouver, BC January 20, 2021 - KORE Mining Ltd. (TSXV: KORE | OTCQX: KOREF) ("KORE" or the "Company") is pleased to announce that with respect to its special meeting of shareholders held today (the "Meeting"), all of the resolutions were duly passed, including the special resolution (the "Arrangement Resolution") to approve the proposed plan of arrangement (the "Arrangement") pursuant to which K...Read More
Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company") announces that it intends to complete a non-brokered private placement offering (the "Offering") to raise gross proceeds of up to CA$8,000,000.The Company plans to issue up to 16 million units (the "Units") at a price of CA$0.50 per Unit. Each Unit consists of one common share (a "Common Share") an...Read More
The S&P 500 closed up 1.39% to a record high of 3,851.85.Gold shot up about US$30 an ounce to more than $1,870/oz on the spot market.The iron ore price remains strong, around $170 per tonne, with the market impacted by factors including last week's fire at one of Vale's main ore shipping terminals in Brazil, Ponta da Madeira, which reportedly could limit shipping capacity by 32 million tonnes...Read More
(IDEX Online) - Exports of polished diamonds from India surged last month, up almost 40 per cent year-on-year, as recovery from the pandemic continued. Foreign sales for December 2020 totaled $1.74bn, up from $1.25bn, according to the Gems and Jewellery Export Promotion Council. It's the first month since Covid hit that the industry has outperformed the same month last year. At it...Read More
(IDEX Online) - Alrosa says it is maintaining a zero-buyout obligation at its current training period, despite the recovery in midstream demand.The Russian state-owned miner sold $521m of rough and polished in December - the highest figure for over two years - but says it remains committed to the "long-term health and stability" of the industry.It's the seventh consecutive month that Alrosa h...Read More
(IDEX Online) - Rio Tinto's diamond production was down almost 14 per cent last year as it prepared to close the Argyle mine, in Australia.Diavik, in Canada, saw year-on-year production down seven per cent to 3.7m carats in 2020. But output at Argyle, the source of 90 per cent of the world's pink diamonds, fell by almost 16 per cent, from 13m carats to 10.9m carats.The mine reached the e...Read More
Trident aims to fill valuable nicheSPONSOREDtrident royaltiesThe budget for Los Pelambres now stands at US$1.7 billion, up from $1.3 billion, with construction now slated to finish early in the first half of 2022.Read More
Trident aims to fill valuable nicheSPONSOREDtrident royaltiesWhile more than a new coat of paint, these changes have helped turn the company from a penny stock into a junior developer which is garnering increasing interest, particularly following its AugustRead More
Neo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesDecade of performance: Pitram delivers diamond standard for Argyle diamond mineSPONSOREDmicromineThe company said the post-tax impairment related to property, plant and equipment, as well as re...Read More
The second day of the Association for Mineral Exploration's (AME) Remote Roundup 2021 opened with Stephen Piercey, professor of economic geology in the Department of Earth Sciences at Memorial University of Newfoundland, talking about Canada's role in the green economy.Piercey began by saying his talk originated from a conversation with his wife, who was tired of hearing him complain about the "ma...Read More
It's unusual for a privately held company to put a mine into production before it becomes a publicly listed company."It's incredibly rare - by and large it's virtually impossible unless you find other sources of funding," says Steve Orr, CEO of Gatos Silver (TSX: GATO; NYSE: GATO).But that's exactly what Electrum Group LLC, a private precious metals investment company based in New York chaired by...Read More
Developer Sabina Gold & Silver (TSX: SBB; US-OTC: SGSVF) has released an updated resource for its Back River gold project in Nunavut, which shows resource growth in both the measured and indicated and inferred categories.Updated measured and indicated resources now total 33.5 million tonnes at 5.8 grams gold per tonne, for a total of 6.3 million gold oz. (compared with 28.2 million tonnes at 5.87...Read More
As Alexco Resource (TSX: AXU.TO; NYSE-AM: AXU) is starting up its Keno Hill silver mine in the Yukon, the company has reported drill results from its surface exploration program focused on the Bermingham Northeast Deep zone, approximately 150 metres below the existing resource.The drill highlights (with true widths) from the Footwall vein included 8.8 metres of 3,583 grams silver per tonne from 50...Read More
Chilean miner Antofagasta (LSE: ANTO) revealed today that the expansion project at its Los Pelambres operation in the home country would cost US$1.7 billion, up from the original US$1.3 billion, due mainly to revised marine works and a desalination plant extension.Construction of the project resumed in August, after a four-month halt triggered by the Covid-19 pandemic.A detailed review of the sch...Read More
First Mining Gold (TSX: FF) has released the results of a prefeasibility study on an 11-year, 30,000 tonne per day open pit operation at its Springpole gold project in northwestern Ontario, about 110 km northeast of Red Lake.The study suggests nine years of primary mining and processing, followed by just over two years of processing lower-grade stockpiles. Over the 11-year mine life, average annua...Read More
It's a new day and the United States has new leadership. Needless to say, the new administration has a lot of long nights to look forward to. President Biden's first 100 days will set the tone for the next four years. The decisions he makes will influence a number of industries. This will be especially true for the industries and businesses hit hardest by the pandemic. It won't necessarily mean t...Read More