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

Vision Lithium (TSXV: VLI) and Rock Tech Lithium (TSXV: RCK) closed up 100% and 69% respectively, both on no news.Both had closed placements last week, with Vision raising more than C$800,000 for exploration and working capital, while Rock Tech raised almost $4 million towards feasibility studies on a lithium hydroxide converter and more development work on its Georgia Lake lithium project, plus w...Read More

Copper production in Q4 totalled 3,365 tonnes, up 7% year-on-year and bringing annual volumes to 13,855t, comfortably within the company's target of 13,500-14,000t.Read More

(IDEX Online) - Tech firm Sarine says its digital tender solutions, already adopted by Alrosa and Lucara, are now being used by Stargems as well.The coronavirus pandemic has proved to be a catalyst to rough sellers trading with remote buyers.Israel-based Sarine says Stargems is now using its systems to map external internal features and help determine the true value of the polished diamonds that c...Read More

(IDEX Online) - Lucapa's mine at Mothae, in Lesotho, achieved its highest ever per-carat price in a sale earlier this month.The Australian miner sold a parcel of 4,676 carats of rough diamonds for a total of $5.6m, averaging $1,198 per carat.The sale included a Type IIa 101-carat D-color diamond announced last month and a number of other specials over 10.8 carats.Lucapa Diamond Company Limite...Read More

(IDEX Online) - India's only industrial diamond has resumed operations, days after work was halted because of environmental concerns.Mining at the Majhgawan mine (pictured), near the town of Panna, in Madhya Pradesh, has been stopped several times over the last 50 years because of concerns by the National Wildlife Board.The mine, estimated to have reserves of 34m carats, is close to the Panna...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 mineSPONSOREDmicromineTeething issues with the transition to a new pit at the company's Gibraltar mine in British Colu...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 mineSPONSOREDmicromineIn time, EVs will win the race against internal combustion engines (ICE) but it will be a race r...Read More

Equinox Gold (TSX: EQX; NYSE: EQX) beat its revised 2020 production guidance and churned out 477,200 gold ounces last year. With 136,400 oz. generated in the fourth quarter, the company exceeded its prior forecast of 425,000 to 465,000 oz. for the year.The 2020 production numbers included gold poured during the ramp-up and commissioning of the Castle Mountain open-pit mine in California, which rea...Read More

New Found Gold (TSXV: NFG) has released partial assay results for four holes completed at the Keats zone and for six initial holes completed at the Little-Powerline zone within its Queensway gold project in Newfoundland.The Keats results included high-grade, near surface intercepts. Highlights were 10.4 metres of 22.5 grams gold per tonne from 11.7 metres and 15.9 metres of 31.4 grams gold per ton...Read More

The Government of Mongolia may cancel and replace the development and financial plan for the country's vast Oyu Tolgoi copper-gold mine, Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) said today.The company, which is controlled by Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO), said Mongolian authorities are dissatisfied with its plans and are particularly concerned about the costs of the expansion, re...Read More

Canada Nickel Company (TSXV: CNC; US-OTC: CNIKF) has inked a deal with Glencore (LSE: GLEN) to explore the potential use of the miner and commodities trader's Kidd concentrator and metallurgical site in Timmins, Ontario.The Toronto-based nickel producer would use the facility for the treatment and processing of material mined from its Crawford nickel-cobalt sulphide project, which is located 40 k...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 company said it had commenced limited pre-development activities including haul road constru...Read More

The friendly deal hands EquinoxPremier's interest in the Hardrock project in Ontario, as well as the Mercedes mine in Mexico and the Hasaga and Rahill-Bonanza properties in Red Lake, Ontario.Read full newsRead More

The friendly deal hands EquinoxPremier's interest in the Hardrock project in Ontario, as well as the Mercedes mine in Mexico and the Hasaga and Rahill-Bonanza properties in Red Lake, Ontario.Read full newsRead More

In New York, the S&P 500 closed up 0.55% to a new record of 3,824.68.South Africa's FTSE/JSE Africa All Shares Index reached 63,829 intraday before closing up 0.76% to 63,519.Mineral resources and energy minister Gwede Mantashe, who also chairs the African National Congress, said the ANC's national executive committee had declared the theme for 2021 to be unity, renewal and reconstruction in t...Read More

(IDEX Online) - South Africa's state-owned diamond company is under investigation in an inquiry into systemic political corruption.It focuses on alleged links between Alexkor and members of the super-wealthy Gupta family, who were close to former president Jacob Zuma, now live in Dubai, and who have been described by the US Treasury as "members of a significant corruption network".One of the...Read More

(IDEX Online) - A retired businessman who sued his children for the return of 122 gold bars has lost his case.Soemarto Sulistio, 87, a timber logging millionaire from Hong Kong, bought the 1kg bars jointly with his wife Soemiati in 1989.Their relationship broke down in 2012 and he transferred full ownership to her in 2016, a court heard.She died a year later and he discovered she'd left them...Read More

As 2021 begins, the Covid-19 pandemic has left no part of Canada untouched, with cases reported in every province and territory, though at press time only the Northwest Territories (NWT) and Prince Edward Island had reported no deaths related to the coronavirus.However, the economic impact caused by the pandemic continues to wreak havoc in all regions of the country. And for jurisdictions like the...Read More

Developing new mining legislation, creating a water use tax and completing the Yukon's six outstanding land use plans in the next five years are among the substantial list of recommendations made by the independent panel in charge of the territory's mineral development strategy.The panel's final report, released Dec. 28, contains 79 recommendations meant to guide future mineral development in the...Read More

Outgoing U.S. President Donald Trump's administration is moving to loosen mining regulations and green light new mineral projects before leaving office this month, with successor Joe Biden unable to reverse some of the changes.Read full newsRead More