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
Vancouver, British Columbia TheNewswire - December 10 2020 - CachRead full newsRead More
New York-based BlackRock, which has about US$7.Read More
The mandate is to identify and support further innovation in the sector, provide training for workers to adapt to new technologies, and establish regulatory excellence, environmental management and low-carbon approaches."We're at a crucial point in time when it comes to growing the mining sector in BC," said the newly reconfirmed Energy, Mines and Low Carbon Innovation minister Bruce Ralston durin...Read More
(IDEX Online) - Divers who scan the shallow sea floor off South Africa's western coast for diamonds claim an industrial mining operation is muddying their waters and causing long-term damage.They've complained to environmental inspectors about a series of coffer dams - temporary sea walls built by diamond mining companies so they can pump out water and sift the gravel for gems.The countr...Read More
(IDEX Online) - Alrosa's sales of rough and polished were $390.5m in November, up more than a third on the same month last year.The Russian miner said demand for rough had remained strong ahead of the holiday season, especially in the USA and China.It rolled its October and November trading sessions into one as part of a "rhythmical" offering of goods, saying sales were no longer inextricably...Read More
Adapted with permission from Only Natural Diamonds, by the Natural Diamond Council(IDEX Online) - More than four out of five diamond cutters at a center in Windhoek, Namibia, are disabled.Andr?? (C) Messika, a supplier of polished diamonds to the luxury jewelry market, employs 43 diamond cutters, 28 of whom are hearing impaired and eight polishers who are wheelchair users.Marc Friedman, operations...Read More
Genesis opens new chapter at UlyssesSPONSOREDgenesis minerals'Best discovery in my time': De Grey on the march at HemiSPONSOREDde grey miningPantoro bullish on bigger production profileSPONSOREDpantoro limitedOceanaGold commits to net zero emissions by 2050SPONSOREDoceanagoldThe package includes a US$31 million loan, with about $9 million of that already advanced to the company since early...Read More
Genesis opens new chapter at UlyssesSPONSOREDgenesis minerals'Best discovery in my time': De Grey on the march at HemiSPONSOREDde grey miningPantoro bullish on bigger production profileSPONSOREDpantoro limitedOceanaGold commits to net zero emissions by 2050SPONSOREDoceanagoldMining Journal's list of the world's largest mining companies by market capitalisation reveals the value of the top...Read More
Genesis opens new chapter at UlyssesSPONSOREDgenesis minerals'Best discovery in my time': De Grey on the march at HemiSPONSOREDde grey miningPantoro bullish on bigger production profileSPONSOREDpantoro limitedOceanaGold commits to net zero emissions by 2050SPONSOREDoceanagoldThe fourth World Risk Report by Mining Journal Research and Intelligence measures the jurisdictional risk characteri...Read More
Cobalt watchers can expect demand for the blue metal to double by 2030, says Ying Lu, senior analyst at Roskill. The forecast comes even as this year saw a significant shift in global cobalt markets as both mined and refined cobalt production fell, marking the first decrease in production since 2016."The cobalt market has been dogged by oversupply for three consecutive years," Lu told The Northe...Read More
Although a change in the U.S. government is unlikely to ease tensions between Washington and Beijing, says CPM Group vice-president of research Rohit Savant, incoming president Biden's approach to negotiations with China could impact the status of gold and silver under the current administration."Hostilities between the U.S. and China will remain irrespective of who is in the White House," he to...Read More
Next year, producer Alamos Gold expects the Young-Davidson underground mine in Ontario, where a lower mine expansion was completed in July, to drive a 17% production increase over 2020 levels, to 470,000 to 510,000 gold ounces. The Toronto-based company has released detailed guidance for 2021 and a general production outlook through to 2025.Production at the Young-Davidson mine is expected to incr...Read More
Golden Sky Minerals (TSXV: AUEN) reports assays of six reverse circulation (RC) holes at its 100%-owned Hotspot property. A total of 568.45 metres were drilled at the Sure Bet zone, and all holes returned near surface gold-bearing intervals.The longest hole, HSRC-20-02, returned 71.63 metres of 1.34 grams gold per tonne beginning at 32 metres. It included intersections of 7.72 grams over 6.09 me...Read More
Dewatering has begun at the Wingdam underground placer gold project in the Cariboo Mining District in British Columbia. Owner Omineca Mining and Metals (TSXV: OMM) aims to use a ground freezing technology to recover alluvial gold underneath a creek.The company recently installed a second temporary grout plug to limit water flow from old workings and improve the speed of dewatering.Work has also be...Read More
Canada's Seabridge Gold (TSX: SEA; NYSE: SA) announced it had successfully raised $115.7 million, more than enough to fund the acquisition of Pretivm Resources' (NYSE: PVG) Snowfield property in northwest British Columbia."Proceeds from the financing will pay the entire $100 million upfront cash payment payable in respect of the acquisition of the Snowfield property, the expenses related to the...Read More
Sierra Metals (TSX:SMT; BVL:SMT; NYSE American:SMTS) has announced the results of the preliminary economic assessment (PEA) for expansion of its Cusi underground silver-lead mine in Mexico's Chihuahua state.At 1,200 tonnes per day, Cusi is Sierra's smallest operation. The PEA studies a doubling of capacity to 2,400 t/d. The incremental expansion carries a net after-tax cash flow of US$132 million....Read More
For 20 years, analyst Jon Hykawy has been looking at the global critical materials markets and providing advice to companies about the sector. The president of Toronto-based Stormcrow Capital spoke to The Northern Miner about what he thinks the new year will hold for this part of the mining industry.The Northern Miner: What do you think the critical materials markets are generally going to be like...Read More
Environmental, Social and Governance (ESG) is now a key part of investment decisions in the private capital markets, sustainability consulting firm ERM concluded in a recent report.ERM surveyed 54 private equity investment professionals from around the world about how ESG impacts their decision making when choosing companies in which to invest.The results of the poll underscore the important and g...Read More
In the living room the voice-clock sang, Tick-tock, seven o'clock, time to get up, time to get up, seven o'clock! as if it were afraid that nobody would. The morning house lay empty. The clock ticked on, repeating and repeating its sounds into the emptiness.Seven-nine, breakfast time, seven-nine!In the kitchen the breakfast stove gave a hissing sigh and ejected from its warm interior eight pieces...Read More
Renforth Resources Inc. is pleased to update shareholders on theRead full newsRead More