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
Roxgold (TSX: ROXG; US-OTC: ROGFF) has released assay results for reverse circulation and diamond tail drilling completed at the Koula deposit within its Seguela development project in C??te d'Ivoire.The drill highlights included 14 metres of 42.9 grams gold per tonne starting at 61 metres; 11 metres of 46.2 grams gold per tonne from 48 metres; and 18 metres of 22.1 grams gold per tonne from 175 m...Read 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 game of "re-branding and re-shipping" Australian coal was revealed in an almost casual remar...Read More
Following the announcement last month of the sale of Premier Gold Mines (TSX: PG) to Equinox Gold (TSX: EQX; NYSE-AM: EQX), Premier has released an updated preliminary economic assessment for its McCoy-Cove property in Nevada. The past-producing asset will be part of i-80 Gold, a U.S.-focused spin-out with shares of this new company distributed to Premier's existing shareholders.The latest PEA sug...Read More
The next three to six months will be crucial to the future of the vast Oyu Tolgoi copper-gold mine in Mongolia, as the companies behind the operation engage in talks to find a way to improve the government's financial benefits from an ongoing underground expansion.Based on a definitive estimate for the development of the new mine level, announced by Rio Tinto (LSE: RIO; NYSE: RIO; ASX: RIO) last m...Read More
High gold prices are boosting Ethiopia's mining revenue and attracting more investor interest in a sector that is largely dominated by artisanal and smaller players. Coronavirus-linked border closures...Read full newsRead More
(IDEX Online) - Employers in the US fine jewelry industry rate themselves highly when it comes racial justice, but don't necessarily practice what they preach, says a major new survey.Seven out of 10 rated themselves as "very good" at racial justice and equity in a survey about diversity and inclusion conducted by trade association Jewelers of America and National Jeweler magazine.But only 41...Read More
(IDEX Online) - De Beers has reportedly ditched around 10 of its 80 Sight holders as it seeks to exert more control over diamond pricing.It has also introduced new contracts dividing buyers into three categories - dealers, manufacturers and integrated retailers - as it embarks on a huge and much-heralded shake-up of the way it sells rough.The UK-based miner aims to put its diamonds into the hands...Read More
(IDEX Online) - India's government must reduce import duties on precious metals and diamonds, or face a surge on smuggling and other criminal activity, an industry bodies has warned.The All India Gem and Jewellery Domestic Council (GJC) is seeking a reduction from 12.5 per cent to four per cent on gold, silver and platinum in next month's budget. "If the tax rate is kept at this lev...Read More
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Barrick Gold (GOLD) closed the most recent trading day at $23.54, moving +0.09% from the previous trading session. This change outpaced the S&P 500's 0.04% gain on the day. Elsewhere, the Dow gained 0.19%, while the tech-heavy Nasdaq added 0.28%. Coming into today, shares of the gold and copper mining company had gained 4.81% in the past month. In that same time, the Basic Materials sector gai...Read More
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The find occurred over the Christmas period from milling of ore sourced from the south western quadrant of Karowe's South Lobe.Read More
Share this article VANCOUVER - Aura Minerals Inc. [ORA-TSX; AURA32-B3] on Friday January 15 released its operational forecasts and said it is planning for a sharp increase in gold production this year.After recently declaring record high production of 204,000 gold equivalent ounces (GEO) in 2020, the company is targeting annual production of between 250,000 and 290,000 GEO in 2021.The cash cost...Read More
The Empire Club of Canada presented its 2020 Nation Builder of the Year Award on Dec. 10, with the honour given to Canada's frontline workers. The club's second annual event was a virtual ceremony to bestow the award on "the men and women who kept us safe and functioning during the most severe pandemic to hit the world in over a century."As one of Canada's oldest and most important speakers' forum...Read More
Osisko Mining (TSX: OSK) plans to raise $60 million in a bought deal financing. A syndicate of underwriters led by Canaccord Genuity has agreed to purchase 11.22 million flow through shares at $5.35 per share, and has the option to sell an additional 1.87 million flow through shares at the same price for additional proceeds of $10 million. The company will use the funds to explore its mining ass...Read 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 mineSPONSOREDmicromineGlobal markets have moved higher since the start of the year, fuelled by optimism surrounding a...Read More