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
In a day that's often good for gold and mining stocks, investors are selling everything.Read full newsRead More
The IHS Markit Flash US Composite PMI put the overall expansion up from 56.3 in October to 57.9 in November, the highest level since March 2015.Meanwhile Oxford University and AstraZeneca said interim trial data showed their vaccine candidate offered a high level of protection and did not require extremely cold temperatures for storage.However AstraZeneca shares closed 3.8% lower in London given t...Read More
Chaketma was effectively stolen by Tunisian Mining Services (TMS), Celamin's Tunisian joint venture partner, in 2015.Read More
(IDEX Online) - Swiss company Synova says its automated diamond cutting technology can now handle fancy shapes as well as rounds.The DaVinci Diamond Factory was unveiled last September, promising to reduce production time from "from some weeks to only a few hours".The company, part-owned by De Beers, has now expanded the system (pictured) beyond round-brilliants to cut fancies as well."We've...Read More
(IDEX Online) - Three people have been arrested over the last November's $1bn raid on Germany's historic Green Vault museum - described as the world's biggest heist.Stolen treasures included the famous 18th century 49-carat Dresden white diamond bought by August the Strong, then Elector of Saxony, and valued at $12m, as well as a sword encrusted with nine large and 770 smaller diamo...Read More
This week's episode features world-renowned economist David Rosenberg in a fireside chat with Northern Miner group publisher Anthony Vaccaro at the Global Mining Symposium on Nov. 12. David and Anthony discussed the impact of the Pfizer vaccine on economic growth, interest rates, bitcoin vs. gold, and much, much more in this hour-long in-depth discussion.All this and more with online editor and ho...Read More
Describing silver as a "metal important for future technologies" (MIFT) in a new report on the outlook for commodities in 2021, Bank of America said the "current focus on decarbonisation/solar panels should support fundamentals.""The silver market has rebalanced on production discipline and demand from new applications including solar panels," the bank stated. "If more spending on solar panels com...Read More
Great Bear Resources (TSXV: GBR; US-OTC: GTBAF) has reported new drill results from its fully-funded $21 million exploration program on its 100%-owned flagship Dixie project, about 25 km southwest of Red Lake, Ontario.The latest drill results are from holes spaced 40-150 metres apart in previously undrilled gaps and step-outs on a 4,200 metre by 500 metre drill grid on the LP zone. The zone is a...Read More
O3 Mining (TSXV: OIII) has reported new drill results from the Gold Hawk zone at its Marban gold project, part of the company's wholly-owned Malartic property located near Val d'Or, Quebec.The current 45,000 metre drill program is focused on expanding mineralization outside of proposed pit areas previously outlined in a preliminary economic assessment released in early September.O3's president and...Read More
If leadership on climate action and environmental best practices are worthwhile pursuits, then the Canadian mining sector is an industry that's deserving of Canada's - and the global market's - full support.And if a strong regulatory framework for environmental performance, growing Indigenous support and a superior record on human rights are equally important benchmarks, then our country's mining...Read More
Underground at the MCSA copper complex Credit: Ero CopperVancouver-based copper and gold producer Ero Copper (TSX: ERO) has tabled an updated resource and reserve statement for its NX Gold mine in Brazil. With this update, the underground operation now has an expected mine life of six years.In conjunction with the updated reserve numbers, Ero released an updated mine plan for NX Gold, which sugges...Read More
Castle Mountain heap leach Credit: Equinox GoldEquinox Gold's (TSX: EQX; NYSE-AM: EQX) Castle Mountain mine in California has declared commercial production. The open-pit, heap leach operation poured its first gold on Oct. 15 and is expected to generate 5,000 to 10,000 oz. of gold for the company this year. The company completed construction of the asset in mid-September.In its first, 12,700 tonne...Read More
A long-running battle between Nordgold (LSE: NORD) and China's Shandong Gold over Cardinal Resources (ASX: CDV) has taken an unexpected turn after a Ghanaian firm formally presented on Tuesday an all-cash, unsolicited offer for the Australian miner.Engineers & Planners Company is topping previous bids for Cardinal with a conditional, off-market takeover offer of A$1.5 (US$1.10) per share, that wo...Read More
(Updates prices) * U.S. manufacturing, services activity expanded rapidly in Nov * AstraZeneca says COVID-19 vaccine can be 90% effective * Tailwinds behind gold have not yet fully dissipated-analyst * Interactive graphic tracking global spread of coronavirus: open * https...Read full newsRead More
(Updates prices) * U.S. manufacturing, services activity expanded rapidly in Nov * AstraZeneca says COVID-19 vaccine can be 90% effective * Tailwinds behind gold have not yet fully dissipated-analyst * Interactive graphic tracking global spread of coronavirus: open * https...Read full newsRead More
ALX Resources Corp. is pleased to announce that it has executed aRead full newsRead More
Kerr Mines Inc. and Star Royalties Ltd. are very pleased to jointRead full newsRead More
African Gold Group would like to invite shareholders and the geneRead 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