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 company, already listed on Canada's TSX and known as Strongbow Exploration until a name change in the summer of 2020, is looking to raise £5 million (US$ 6.Read More
AIM-listed Griffin saw mined ore from its Caijiaying operation reach 291,515 tonnes in Q4, up 17% versus Q3, while production of zinc concentrate rose 45% compared with the third quarter to 11,266t.Read More
(IDEX Online) - Natural diamonds are increasingly being found in parcels of lab-grown melee sent for grading. The undisclosed higher-value gems have been spotted among lab-growns on "numerous occasions" in recent months, according to the US-based lab GSI.The mix-up is probably because both types of stone are handled in the same factories, said Debbie Azar, the lab's president and co-foun...Read More
(IDEX Online) - Mountain Province today said 2020 revenue from its Gahcho Kue mine, in Canada, was down more than a fifth on the previous year. But it recovered well in Q4.The miner said March to September were particularly tough, as the pandemic put the market under unprecedented pressure, but the outlook for 2021 was "more positive".Mountain Province's revenue share from the mine, which it...Read More
(IDEX Online) - A diamond security firm says it can now apply the smallest ever logo or characters below the surface of a diamond.They have a diameter of just a micron (0.001mm) and are visible only at 100 times magnification.UK-based Opsydia says its technology works on even the highest-clarity gem - with virtually no impact on its grade. It applies a nano-scale logo, serial number or encryp...Read More
(IDEX Online) - Insurers Jewelers Mutual have donated $500,000 to US charities, based on a poll of its policy holders.The proceeds of last year's Band Together charitable campaign will be divided between Feeding America ($194,000), Kids In Need Foundation ($156,000), and Stand Up To Cancer ($150,000). Every year the company selects three national non-profits and asks policy holders to vo...Read More
Trident aims to fill valuable nicheSPONSOREDtrident royaltiesThe company said drilling also intercepted mineralisation considerably beyond the 200m average depth-extent of historical drilling at Warintza Central. Highlights included 1,067m grading 0.Read More
Trident aims to fill valuable nicheSPONSOREDtrident royaltiesThe company produced 1.21Moz gold and 119Mlb copper in the December quarter, achieving average prices of US$1,874/oz and $3.25/lb.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 mineSPONSOREDmicromineGold production fell 30% year on year in the December quarter to 13,534 ounces, while coppe...Read More
Trident aims to fill valuable nicheSPONSOREDtrident royaltiesCopper production in Q4 was up 8.5% year-on-year to 14.Read More
Look beyond market approach to project valuations: van ZylLeadershipNeo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesThe company, already listed on Canada's TSX and known as Strongbow Exploration until a name change in the summer of 2020...Read More
O3 Mining (TSXV: OIII; US-OTC: OIIIF) is selling its Golden Bear assets including the Garrison gold project to Moneta Porcupine Mines (TSX: ME; US-OTC: MPUCF) and taking a 30% stake in the company in a deal worth about $48 million.O3 Mining's Garrison project is adjacent to Moneta's Golden Highway project and the transaction will see the consolidation of over 70,000 hectares of ground within a 10...Read More
For the first time in its 89-year history, The Prospectors & Developers Association of Canada's (PDAC) Convention - the world's premier mineral exploration and mining industry event - will go virtual this year on March 8-11."We are committed to providing a first-class experience to participants-wherever they are in the world," says Felix Lee, PDAC's president. "We are excited to provide the high-q...Read More
Last year, gold major Barrick (TSX: ABX; NYSE: GOLD) met the midpoint of its gold and copper output targets. The miner generated a total of 4.8 million oz. of gold and 457 million lb. of copper in 2020, which falls in line with its prior forecasts for 4.6 to 5 million oz. of gold and 440 to 500 million lb. of copper.In the fourth quarter, the company's mines churned out a total of 1.2 million gold...Read More
Copper Fox Metals (TSXV: CUU; US-OTC: CPFXF) announced results from a preliminary economic assessment for its Van Dyke copper project in Miami, Arizona.The PEA results included a mine life of 17 years, with total copper production of 1.1 billion pounds - up from 456.9 million lb. forecast in a 2015 PEA - with peak production of 85 million lb. annually in years 2-12, and initial capital expenditu...Read More
Buoyed by the ramp-up of its Lucky Friday mine in Idaho, following a nearly three-year strike by unionized workers at the operation, Hecla Mining (NYSE: HL) produced 13.5 million oz. of silver in 2020 - the highest since 2016.The strike, which lasted from March 2017 to January 2020, limited production at the operation. Following a ramp-up period, full production at the underground mine was achieve...Read More
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has inked a power deal with New Zealand's Meridian Energy, which will allow the miner to keep its aluminium smelter at the bottom of the South Island running until December 2024.The world's second-largest mining company said in July that it would close this year New Zealand's Aluminium Smelter (NZAS), the country's single-largest power user, due to high co...Read More
As a defense-sector specialist, I spent years investigating advanced technology. So I can tell you firsthand it's not easy. Technology companies, government agencies, and Pentagon officials don't just come out and tell you what they're working on. Most of it is top secret. You'd need security clearance just to get a glimpse of it. Nevertheless, if you poke around enough... If you ask the right...Read More
Canadian mineral exploration and development company Buchans Resources has entered into a collaboration agreement with Boliden Mineral AB, a European-based mining and metals producer. Under the agreement, Boliden will evaluate Buchans' wholly-owned Buchans volcanogenic massive sulphide (VMS) base metals property in central Newfoundland, 56 km southeast of Deer Lake. The agreement is "a little l...Read More
Highlights: Initial surface sampling and prospecting programs werRead full newsRead More