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
(IDEX Online) - The Bharat Diamond Bourse, in Mumbai, is poised to lift its 2015 ban on trading lab-grown diamonds.Members of the world's largest diamond hub are expected to approve the proposal at the bourse's annual general meeting tomorrow (28 December).Many have diversified into lab-growns since the Bharat Diamond Bourse (BDB) ban was introduced, and feel that technology now allows a...Read More
(IDEX Online) - A counterfeiter avoided a jail term in Britain, after he admitted selling fake Pandora jewelry worth $495,000 on eBay.Usman Sadiq, 38, initially claimed all the goods were genuine, but later pleaded guilty to five trademark offences.He was caught out when trading standards officers bought a $28 Disney charm from his eBay platform. They had it analyzed and determined it was counterf...Read More
Canada rejected Shandong Gold Mining's bid for indebted TMAC Resources, the companies said, amid concerns about a Chinese state-owned entity operating in the country's sensitive Arctic region.Read full newsRead More
Canada rejected Shandong Gold Mining's bid for indebted TMAC Resources, the companies said, amid concerns about a Chinese state-owned entity operating in the country's sensitive Arctic region.Read full newsRead More
Canadian miner Turquoise Hill Resources Ltd said on Tuesday it intended to pursueRead full newsRead More
Traders generally buy and sell securities more frequently and hold positions for much shorter periods than investors, which can result in costly mistakes.Read full newsRead More
(IDEX Online) - Alrosa raised $7m at its fourth online sale of special-size rough.The Russian state-owned miner launched digital tenders in May to give buyers an opportunity to buy large stones (over 10.8-carats) remotely using 3D scans by Sarine.It hasn't disclosed the value of previous sales. In December it sold 80 per cent of the goods available - 185 rough diamonds with a tota...Read More
(IDEX Online) - The average spend on an engagement ring fell slightly in the US to $5,500 this year.That's according to a survey on 5,000 newly-engaged individuals for online wedding website The Knot.It dipped slightly from $5,900 in 2019 as one in eight couples shopped virtually for a ring. But the pandemic had only a "minimal" effect on their spend, said The Knot 2020 Jewelry & En...Read More
(IDEX Online) - The recovery in sales of US watch and jewelry continues, with a fifth consecutive month of year-on-year increases.October's 18.6 per cent rise was another record high. The jump from September appears at first more modest than recent monthly increases, a possible indication that sales are finding their level, but it's likely the figure will be revised upwards, in line with...Read More
2020 was an interesting year for all of us but thanks to you, it has been a phenomenal one at INN. Thank you for liking, subscribing, and tuning in. See you ...Read full newsRead More
Vancouver, BC - LEAF Mobile Inc. (TSX.V : LEAF) is pleased to announce that it has received the conditional approval of the TSX Venture Exchange with respect to its previously announced acquisition of all of the outstanding securities of EastSide Games Inc. (the "Acquisition"). Please refer to LEAF's previous news releases dated October 7, October 26, November 11 and November 30, 2020 for furthe...Read More
Vancouver, BC December 23, 2020 - KORE Mining Ltd. (TSXV: KORE | OTCQX: KOREF) ("KORE" or the "Company") is pleased to announce that it has obtained an interim order from the Supreme Court of British Columbia for its previously announced proposed plan of arrangement (the "Arrangement"), pursuant to which the Company plans to transfer all of its British Columbia gold exploration assets ("Spin-out")...Read More
Zimbabwe continues to lose money from its gold mine through illicit trade and government monopoly.Read full newsRead More
Kelowna, British Columbia--(Newsfile Corp. - December 22, 2020) - Enduro Metals Corporation (TSXV: ENDR) (OTC Pink: SIOCF) (FSE: SOG) (Read full newsRead More
Prosper Gold Corp. announces that it has completed a non-brokeredRead full newsRead More
The World Economic Forum (WEF) has completed the initial stage of a blockchain platform for tracking embedded greenhouse gas (GHG) emissions across the mining industry's value chain.The WEF's Mining and Metals Blockchain Initiative (MMBI) released a proof of concept called the Carbon Tracing Platform (COT) to help mining companies trace emissions from mine to final product, the WEF announced in a...Read More
Share this articleTORONTO - Kirkland Lake Gold Ltd. (TSX:KL) (NYSE:KL) (ASX:KLA) today announced results from 25 holes (19,523 m) and one wedge hole (1,110 m) of drilling at the Detour Lake property. The new holes being reported are the third batch of results from the recently announced 250,000 m exploration program, which the Company is targeting for completion by the end of 2021. The program i...Read More
Share this articleTORONTO - Kerr Mines Inc. (TSX: KER, OTCQB: KERMF), announced that it has completed a corporate name change to Arizona Gold Corp. which more appropriately reflects the Company's focus with the restart of production at its 100 per cent owned Copperstone gold project located in Arizona.Giulio T. Bonifacio, Chief Executive Officer stated: "The company believes the new name provides...Read More
(IDEX Online) - A parcel of diamonds seized three years ago from UK-listed miner Petra has been declared property of Tanzania's government.It has nationalized the shipment, now said to be worth $29.5m, after a court ruled that two former government employees had deliberately undervalued the gems, which were destined for Antwerp, according to a report on Turkey's state-run Anadolu news ag...Read More
(IDEX Online) - The alarming decline in of Swiss watch exports slowed in November, buoyed by a robust recovery in China.Exports are down 23.5 per cent year-on-year in the first 11 months of 2020, according to new figures released by the Federation of the Swiss Watch Industry.But the sector's biggest single market, China, saw sales up by almost 70 per cent to $338m, a stark contrast with Octob...Read More