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
BHP (NYSE: BHP; LSE: BHP) plans to ramp up work at the ongoing US$2.5 billion expansion of its Spence copper mine in Chile, as measures taken to stop the spread of Covid-19 this year set back completion of the project.The world's biggest miner said it will speed up construction at Spence in December, with first production expected in the first half of 2021.Mia Gous, Spence's mine general manager...Read More
The European Union has launched an initiative that seeks to secure access to a total of 30 critical raw materials by increasing domestic production and promoting recycling of vital elements, particularly rare earths.The European Raw Materials Alliance (ERMA), a partnership of over 300 companies, business associations and governments, will initially focus on breaking Europe's dependence on inputs...Read More
So much of the fight over the 5G rollout is politicized.The USA pressures Canada to arrest a Huawei executive. It pressures allies, large and small, worldwide to avoid Chinese 5G tech with carrots and sticks. All of that gets rolled into an anti-China agenda. Talking heads talk about overreach and hidden threats.The simple fact of the matter is that it should be a grave concern. The USA knows why....Read More
Sienna Resources Inc. wishes to announce that the Company has joiRead full newsRead More
In a day that's often good for gold and mining stocks, investors are selling everything.Read full newsRead More
This year's dawning winter rally has great upside potential after the gold and gold stock corrections run their courses.Read full newsRead More
In a day that's often good for gold and mining stocks, investors are selling everything.Read full newsRead More
Comet Resources Ltd (ASX:CRL) is pleased to provide an update on the Barraba Copper Project located in the New England area of NSW, approximately 550km north of Sydney.Read full newsRead More
Equity Metals Corporation reported today that it has mobilized crRead full newsRead More
New shares priced at 24c will be issued to undisclosed institutions to raise $30 million and a shareholder share purchase plan is seeking another $3 million.Read More
The sale price equates to US$470,000 per carat, according to analysts at SP Angel. SP Angel said the high price "underlines the scarcity of the production of these gemstones".Read More
Share this articleSANTIAGO - Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) announced today that it is expanding its Copper and Health program to Chile, partnering with leading national health professionals and academics on a pilot project at the Iquique Hospital.Researchers from Universidad del Desarrollo (UDD) and N??cleo Milenio MICROB-R, with funding from Teck, will conduct a stud...Read More
Share this article TORONTO - Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX) has retained its listing in the prestigious Dow Jones Sustainability Index's (DJSI) World Index, ranking in the 95th percentile of all mining companies assessed.This is the 13th consecutive year Barrick has been listed in the World Index, in which 2,500 companies are evaluated against governance, social performance, en...Read More
(IDEX Online) - Chow Tai Fook saw pre-tax profits up by almost half from April to September, despite a 16 per cent fall in revenue.The Chinese jewelry giant, with more than 4,000 points of sale, attributed its performance to a surge in the price of gold and improvements to its gross profit margins on sales of gold products.Business had steadily recovered from COVID-19 at its Mainland China outlets...Read More
(IDEX Online) - The bounce in US watch and jewelry sales shows no sign of slowing, with a fourth consecutive month of year-on-year increases and another record monthly rise.Sales in September 2020 were up 13.7 per cent on the same month last year, the highest rise in at least five years. The industry has made a remarkable recovery since sales halved in April - a plunge that overshadowed that...Read More
(IDEX Online) - A Chinese manufacturer has produced the largest polished CVD lab-grown diamond ever certified by IGI Hong Kong - weighing 12.75 carats.The Type IIa diamond, graded as F color and VVS2 clarity, (pictured) was cut from a 46.20-carat rough CVD stone grown by the Shanghai Zhengshi Technology.IGI gemologists said it had exceptional chemical purity and transparency, triple-excellent mark...Read More
Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsMicromine's global summit unpacks the future in mining softwareSPONSOREDmicromine'Best discovery in my time': De Grey on the march at HemiSPONSOREDde grey miningBack-to-back presentations in late October by the two companies' chief executives portrayed notice...Read More
Amid renewed investor interest in the resource space, industry players are starting to focus on new mine development. With this, already scarce exploration projects are becoming even more attractive. Below, we present eight companies with assets poised for growth.Argonaut GoldArgonaut Gold (TSX: AR) holds mines in Nevada and Mexico and exploration projects in Ontario and Mexico.In mid-October, the...Read More
In an interview in September with Ernst & Young, Barrick Gold's (TSX: ABX; NYSE: GOLD) CEO Mark Bristow noted that all 37 partners at the company are required to be heavily invested as shareholders, which means they must own stock on a sliding scale up to five times their gross salary before they can realize any stock incentives. The Northern Miner picked up on that discussion recently in an exclu...Read More
Azarga Uranium (TSXV: AZZ; US-OTC: AZZUF) is closer to mining at its Dewey Burdock in-situ recovery uranium project in South Dakota, after the U.S. Environmental Protection Agency (EPA) granted the company the second of three key permits needed. The company has already secured approval from the U.S. Nuclear Regulatory Commission.The EPA's approval comes "at a time when the uranium market remains i...Read More