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
FPX Nickel's President & CEO Martin Turenne participated in the Mines and Money Pitch Battle. Listen now!Read full newsRead More
/PRNewswire/ -- All through history, people have found security in gold during good times and especially in times of crisis. There are many purported reasons...Read full newsRead More
With the market turning away from the yellow stuff, it's little surprise this gold mining company's stock suffered.Read full newsRead More
Zimbabwe continues to lose money from its gold mine through illicit trade and government monopoly.Read full newsRead More
Vancouver, BC - Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW / TSX-V:SIM / FRA: WK3D) (the "Company" or "Siyata") is pleased to announce that it has closed a private placement in Israel and Canada of 129,450 units of the Company (the "Units") at a price of US$100 per Unit for aggregate gross proceeds of US$12,945,000 (the "Offering"). Each Unit consisted of ten common shares of the Company (the "Sha...Read More
(IDEX Online)- Lucapa today announced the recovery of yet another +100-carat diamond, its 17th since commercial operations began at Lulo, in Angola, five years ago.The Australian miner said it was significant that the 113-carat gem-quality white stone (pictured) was found in a new focus area of its kimberlite exploration program, indicating there may be more large and high-value diamonds.Lucapa, o...Read More
(IDEX Online) - Operations at India's only industrial mine - located near a tiger reserve - have come to halt.The environmental clearance lease, allowing mining to take place at the Majhgawan mine (pictured), near the town of Panna, in Madhya Pradesh, expired on 31 December 2020.It has been reported that COVID-19 has delayed renewal of the lease and work is not likely to resume for up t...Read More
As it looks to a construction decision for its flagship Las Chispas silver-gold project in Sonora, Mexico, SilverCrest Metals (TSX: SIL; NYSE-AM: SILV) has announced that it has entered into a US$120-million credit agreement with RK Mine Finance for a total of US$120 million. The secured financing facility is intended to fund the construction of the proposed 1,250 tonne per day underground project...Read More
Argonaut Gold (TSX: AR; US-OTC: ARNGF) has executed a fixed bid engineering, procurement, construction and commissioning contract (EPC contract) with Ausenco, an engineering and construction management company. The EPC contract covers construction of the Magino processing facility and other parts of the Magino open-pit pre-development project in Ontario and covers approximately 40% of the $480 to...Read More
Victoria Gold (TSX: VGCX) says an agreement with a syndicate of banks for a secured US$200 million debt facility will cut carrying costs by about 50% in 2021. The credit facility consists of a US$100 million term loan and a US$100 million revolving facility.The loan was used to repay the company's previously outstanding project finance facility, which included senior and subordinated debt that was...Read More
Australia's Lucapa Diamond (ASX: LOM) has kicked off 2021 with a bang with its recovery of a 113 carat gem-quality diamond from its Lulo mine in Angola, the seventeenth rock over 100 carats found at the asset.The company said the discovery was "particularly significant" as it demonstrated that large, high-value diamonds are present in the area that is the focus of its exploration program."Thi...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The state agency said a significant change in the country's production profile was anticipated with existing copper mines expected to reduce their production 31% by 2031 compared with 2019 levels.Read More
Zimbabwe continues to lose money from its gold mine through illicit trade and government monopoly.Read full newsRead More
/PRNewswire/ -- All through history, people have found security in gold during good times and especially in times of crisis. There are many purported reasons...Read full newsRead More
Zimbabwe continues to lose money from its gold mine through illicit trade and government monopoly.Read full newsRead More
One of the unfortunate parts of the Federal Reserve's actions, is that for people who just want to keep their money safe, and think about just putting it in ...Read full newsRead More
IDEX Online) - Canadian explorer Star Diamond says it is encouraged by the gems recovered from the ninth of 10 bulk sampling trenches at its Star-Orion South project.It announced a total of 3,534 diamonds weighing 210.68 carats, among them three larger Type IIa stones, weighing 10.13, 8.10 and 7.29 carats. Altogether there were 25 diamonds weighing one carat or more.Inn 2018 an independent prelimi...Read More
Zimbabwe continues to lose money from its gold mine through illicit trade and government monopoly.Read full newsRead More
Ivanhoe Capital Acquisition Corp. is raising $200 million to invest in industries key to the global energy transition.Read full newsRead More
/PRNewswire/ -- All through history, people have found security in gold during good times and especially in times of crisis. There are many purported reasons...Read full newsRead More