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) - Ten women designers have each created a limited edition of 10 affordable engagement rings, all using ethically and sustainably sourced diamonds from Botswana. They were challenged to re-design the iconic symbol of love for the Ten/Ten project, all using diamonds under a carat from De Beers. The 100 rings will be sold exclusively on Blue Nile from January.New York-based M...Read More
(IDEX Online) - Bahrain's stock exchange has signed a trade agreement with the Israel Diamond Exchange (IDE) following September's historic normalization of relations between the two countries. Officials from the Bahrain Bourse visited IDE, in Ramat Gan, to sign a memorandum of understanding (MOU) aimed at creating commercial opportunities, especially in commodity-based assets. &n...Read More
(IDEX Online) - A bracelet featuring a 43.10-carat royal blue Kashmir sapphire and a total of 67.90 carats of diamonds goes under the hammer at Christie's tomorrow with a high estimate of $7m.It's the lead item in the Magnificent Jewels sale in New York.The cushion-cut sapphire (pictured) has no indications of heating, according to the SSEF grading lab, and is aged at 21 million years.It...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Over the weekend, the office of Philippines president Rodrigo Duterte reportedly instructed the nation's Department of Environment and Natural Resources to work with the miner and the Department ofRead 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 2050SPONSOREDoceanagoldAfter decades of mimicking each other with an almost equal mix of assets, a choice appears to be emerging for invest...Read More
Osisko Metals (TSXV: OM; US-OTC: OMZNF) has released drill results from its 100%-owned Pine Point lead-zinc project in the Northwest Territories, about 60 km east of Hay River. Highlights from the company's 15-hole drill program on the Central zone completed this fall included drill hole OM100-20-001, which intersected 8.6 metres grading 11.45% zinc and 3.57% lead starting from 51.8 metres. Th...Read More
The sudden removal of a popular president amidst the coronavirus pandemic plunged Peru into chaos last month.On Nov. 9, Peru's single-chamber Congress voted to impeach President Mart?-n Vizcarra amid allegations that, while a provincial governor, he had received a payment of 5 million Peruvian Sols (US$1.4 million) from a company awarded the contract to build a public hospital in the southern city...Read More
Developer Foran Mining (TSXV: FOM) has tabled an initial resource estimate for its wholly owned Bigstone deposit on the 161-sq.-km Bigstone property, 25 km to the west of its flagship McIlvenna Bay zinc-copper deposit in east-central Saskatchewan.The underground shape-constrained resource features 2 million indicated tonnes grading 1.88% copper, 0.92% zinc, 0.25 gram gold per tonne and 9.5 grams s...Read More
Northern Vertex Mining (TSXV: NEE; US-OTC: NHVCF) and Eclipse Gold Mining (TSXV: EGLD; US-OTC: EGLPF) have entered into a definitive arrangement agreement for an at-market merger to create a gold producer focused on the western United States. With Northern Vertex as the resulting company, the new entity would hold the Moss heap leach mine in Arizona (through Northern Vertex) as well as the Hercule...Read More
OceanaGold (TSX: OGC; ASX: OGC) closed 32% higher on the Australian Stock Exchange on Dec. 7 after announcing that the Philippine government is moving forward to finalize a long-delayed renewal of an agreement governing the company's Didipio gold-copper underground mine.Philippines President Rodrigo Duterte has instructed the nation's Department of Environment and Natural Resources to work with Oc...Read More
Shares in Australian nickel-gold miner IGO Ltd (ASX: IGO) came to a trading halt today following several reports that the company was in advanced talks to acquire part of Tianqi Lithium's 51% stake in Greenbushes, the world's biggest hard-rock lithium mine.IGO is planning to raise about $800 million to fund the A$2 billion-purchase (US$1.5 billion) of up to a 25% stake in the Western Australia li...Read More
As we near the end of 2020, the Northern Miner has compiled its list of the top ten most-clicked stories on our website. The stories are ranked in descending order and appeared between Jan. 1 and Dec. 1.1. Northern Dynasty's Pebble project approved after 15-year fightBy Cecilia Jamasmie of MINING.com (July 24, 2020)Northern Dynasty Minerals has cleared the last environmental hurdle for its propose...Read More
The headlong rush for that gold is one of the ugliest market forces in the world.Read full newsRead More
The headlong rush for that gold is one of the ugliest market forces in the world.Read full newsRead More
While you might not strike rich, you can enjoy the great outdoors and take part in a historic Colorado pastime by gold panning along the river.Read full newsRead More
(IDEX Online) - The IDEX Polished Diamond Price Index remained virtually unchanged for a second consecutive month, suggesting a slowdown in the recovery. Month-on-month prices saw a slight drop after three months of growth. November saw the Index in slight overall decline, closing down 0.13 per cent at the end of the month. October also saw next to no movement, rising fractionally by just 0....Read More
(IDEX Online) - A guest on the Antiques Roadshow TV show was stunned to learn that a five-carat Van Cleef & Arpels diamond ring was worth up to six times the $20,000 she'd last had it valued at. The emerald-cut stone, estimated as an I color, is a platinum four-pronged setting, with two tapered baguettes, and come complete with accompanying paperwork from the French luxury jeweler. It is...Read More
(IDEX Online) - A high-profile legal battle over lab-grown diamond patents has been settled with both sides filing a joint motion to dismiss the case at a New York court.The Carnegie Institution of Washington, a science research organization, and M7D Corp, a manufacturer trading as WD Lab Grown Diamonds, which uses its patented technology, launched a civil action in January against Singapore-based...Read More
Bardoc eyes long-term growth in prime goldfields locationSPONSOREDbardoc goldWith reserve development at Darlot, and delivery of the 160,000-200,000ozpa King of the Hills project, Red 5 is aiming to become a 250,000-300,000ozpa WA-focused producer from FY23.Williams was asked about ongoing efforts to reduce costs and boost cash flow from Darlot, and the latest on the company's financing and develo...Read More
The sell-off in paper gold was a repetition of events every November and December bar one since 2015, and the cause appeared to be the same...Read full newsRead More