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
/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
Pure Gold Mining (TSXV: PGM; LSE: PUR; US-OTC: LRTNF) poured its first gold in the final week of 2020 at its PureGold mine in Red Lake, Ontario and the company expects to reach commercial production by the end of the first quarter of 2021.The company plans to provide full-year guidance for 2021 once the mine reaches commercial production."To build a mine at any time requires a complete team effort...Read More
(IDEX Online) - Leibish Polnaur, veteran of the color diamond market, bought a quarter of the stones at Argyle's record-breaking tender.He outbid rivals for 16 of the 62 gems in the penultimate sale, marking the closure of the iconic mine, in Australia, after 37 years.Mr Polnaur, founder of Israel-based Leibish, said asking prices 15 per cent higher than last year so he upped his bids by "20...Read More
(IDEX Online) - Diamond exports from Surat almost doubled in November.India's cutting and polishing capital bounced back from lockdown doldrums with $1.1bn of overseas sales. That's a 92 per cent increase on November 2019, according to the Gem and Jewellery Export Promotion Council (GJEPC).The city's 7,000 manufacturing units have been working flat out since they returned to f...Read More
Star Diamond (TSX: DIAM) has recovered 3,534 diamonds weighing 210.68 carats from its ninth bulk sample trench excavated on the Star kimberlite at the Star-Orion South project in north-central Saskatchewan, Canada.The project is a joint venture with Rio Tinto Exploration Canada, which undertook the excavation of the ninth trench in 2019.According to Star Diamond, among the thousands of rocks recov...Read More
A feasibility study has outlined a nine and a half year mine life for McEwen Mining's (TSX: MUX; NYSE: MUX) 100%-owned Fenix project in Sinaloa state, Mexico.The Fenix project is a proposed redevelopment plan for the company's El Gallo complex, and involves building a mill at the existing mine site that initially will reprocess the existing heap leach material, and then transition to process ore f...Read More
Global zinc mine output will recover in the coming years following several years of decline, Fitch Solutions forecasts in its latest industry report, adding that after contracting by almost 10% between 2013 and 2020, annual output will commence a multi-year uptrend starting in 2021.High prices by historical standards have encouraged investment into a pipeline of new projects and restarts, which wi...Read More
Bloomberg News' Eddie van der Walt discusses the cryptocurrency's latest rally.Read full newsRead More
Rio Silver Inc. is pleased to announce the voting results from itRead full newsRead More
Maple Gold Mines Ltd. is pleased to announce that it has closed iRead full newsRead More
Searchlight Resources Inc. is pleased to announce that it has cloRead 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
/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
(IDEX Online) - Pandora said today that its Q4 results are likely to be better than predicted when they are announced in early February.Consumer spending on travel has been curtailed by Covid restrictions, it says, freeing up more money to spend on gifts and feel-good purchases.December revenue beat expectations and underlying performance remained "solid," said the Denmark-based jewelry chain, whi...Read More
(IDEX Online) - Alrosa has joined the Shanghai Diamond Exchange (SDE) in a bid to strengthen its position in mainland China.The move opens up new opportunities for direct trade in rough and polished gems in the world's sixth-biggest diamond-importing nation, especially with Covid overseas travel restrictions boosting the domestic market. Alrosa has been trading in China since 2005, has t...Read More
(IDEX Online) - Online sales of jewelry in the US were up almost 45 per cent this year compared to last.That's according to an end-of-year report by Mastercard SpendingPulse, which measures overall retail sales across all payment types, including cash and check. Total retail jewlery sales fell by just over four per cent, as the pandemic hit bricks and mortar revenue, but e-commerce rose...Read More
In a Dec. 29 communiqu?(C) reproduced by state-owned news agency Andina, the Peruvian Ministry of Energy and Mines (Minem) expressed its opposition to the blockades taking place on the Southern Runway (Corredor Vial del Sur), which are hindering the transport of copper concentrate and personnel to and from MMG's Las Bambas mine.The activists launched their protest action two weeks ago in the Velil...Read More
Mirasol Resources (TSXV: MRZ) announced that Newcrest Mining (TSX: NCM) has exercised its option to enter the farm-in phase of its joint venture to develop the Gorbea gold project in Chile by making a $500,000 payment to Mirasol.To date, Newcrest has completed 5,426 metres of drilling and spent more than US$9 million on the project, exceeding the minimums required under the option phase. The dr...Read More
Cache Exploration Inc. is pleased to announce the appointment oRead full newsRead More
Cache Exploration Inc. is pleased to announce, further to its preRead full newsRead More