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
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Candelaria was suspended a month ago after the AOS Union's 550 workers at the operation joined the Candelaria Mine Workers Union in strike action after talks broke down.Lundin said the AOS Union had accepted the last formal offer which was presented by Candelaria on November 12.Scoped for growth: Nevada Copper...Read More
Share this articleTORONTO - Kerr Mines Inc. (TSX: KER, OTC: KERMF) and Star Royalties Ltd. jointly announced the closing of the first installment of their previously announced US$18,000,000 gold purchase and sale agreement which will be used to finance the restart of underground operations and gold production at the Copperstone Gold Mine in Arizona, USA.Giulio T. Bonifacio, Chief Executive Offic...Read More
Share this article TORONTO - Sherritt International Corp. says president and CEO David Pathe intends to step down from his role in 2021 but will stay on until a replacement is in place.The company says Pathe's eight years as leader were marked by difficult and unpredictable nickel prices and financial threats posed by its participation in the Ambatovy nickel mine in Madagascar.The Toronto-based c...Read More
Share this article TORONTO - IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) announced that it is temporarily reducing the underground workforce at its Westwood mine in Canada. Westwood underground remains suspended following the seismic event reported earlier this month. The temporary reduction affects approximately 437 workers, or approximately 70% of the underground workforce.As reported on Novembe...Read More
(IDEX Online) - British miner Petra Diamonds reported a $223m loss for the year to June after facing "unprecedented challenges". It follows the $258m loss it posted last year. Revenue slumped 36 per cent to $295.8m (FY 2019: $463.6m). Its Williamson mine, in Tanzania, has been on care and maintenance since April because of coronavirus. The Cullinan mine - source of source of...Read More
(IDEX Online) - Jewelers are pushing domestic sales of diamonds to consumers in India with a series of short promotional videos.Their message is "Say it with Diamonds". They are the ultimate gifting option for a birthday, anniversary or Valentine's Day, and more meaningful to a loved one than a new phone, designer dress or even a car.The Gem and Jewellery Export Promotion Council (GJEPC) whic...Read More
(IDEX Online) - De Beers office staff are keeping a social distance thanks to security passes that flash red if they stand too close together. Parent company Anglo American has introduced the Covid technology at its global HQ in London (pictured), home to the De Beers diamond division.The "traffic light" flash passes red and beep if staff come closer than 1.5 meters. They turn amber as a warn...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The lack of secondary copper smelters in the US means the scrap must be shipped off to China, Malaysia or Europe, if the material is to be recovered, said Dr.Read More
Look beyond market approach to project valuations: van ZylLeadershipPantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsMicromine's global summit unpacks the future in mining softwareSPONSOREDmicromineHeaded up by Tesoro Resources' Geoffrey McNamara and Zeff Reeves, Rincon is seeking A$5-6 million at 20c per share to...Read More
Since acquiring the Kandiole project in Mali three years ago, Roscan Gold (TSXV: ROS; US-OTC: RCGCF) has served up some of the best drill intercepts in West Africa and made significant discoveries on its large land package, about 25 km east of B2Gold's (TSX: BTO; NYSE-AM: BTG) producing Fekola mine.The Kandiole project, about 400 km west of Mali's capital Bamako, is situated in the Birimian Greens...Read More
Argonaut Gold (TSX: AR) has discovered four new, high-grade gold zones at its past-producing Magino gold project in Ontario. These four zones - Scotland, #42, Sandy and South - are either below or adjacent to the planned Magino pit boundaries and lie between 350 and 700 metres southwest of the known Elbow zone.Drill highlights include 7 metres of 14 grams gold per tonne from Scotland starting at 4...Read More
Silver and gold producer Great Panther Mining (TSX: GPR; NYSE-AM: GPL) has released updated mineral resource estimates for the Guanajuato and San Ignacio underground mines within its wholly owned Guanajuato mine complex (GMC) in Mexico.Combined measured and indicated resources increased by 17%, to 10.2 million silver-equivalent ounces. These ounces are within 821,851 tonnes, grading 199 grams silv...Read More
Caldas Gold (TSXV: CGC) is raising $85 million through a subscription receipt offering with a group of investors that will result in a new board and management, as well as a new name - Aris Gold.Once the financing is completed, the expansion of Caldas Gold's Marmato mine in Colombia will be fully financed, with construction expected to begin in the second half of 2021.The new management team will...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 miningThe key word in that opening paragraph is historic, not merely because tens of billions of dollars...Read More
Commodities trader Trafigura has inked an agreement with the Congolese government to help improve conditions at informal mine sites in return for cobalt supplies. As part of the offtake deal with state-owned Entreprise G?(C)n?(C)rale du Cobalt (EGC), Trafigura will fund the creation of up to six strictly controlled artisanal mining zones.The company will also install ore purchasing stations in a...Read More
http://www.miningstocksguide.com - This video is your competitive edge to understanding how to invest in mining stocks and gold. Learn the secrets of the pro...Read full newsRead More
In a day that's often good for gold and mining stocks, investors are selling everything.Read full newsRead More
In a day that's often good for gold and mining stocks, investors are selling everything.Read full newsRead More
Meanwhile global copper smelting activity was largely unchanged in October, according to the SAVANT platform's latest data.Earth-i and Marex Spectron said October's global activity dispersion index averaged 50.3, a minor increase on the 50.2 recorded in the prior month.However Marex Spectron's global head of analytics Dr Guy Wolf said the regional variations in smelting activity were significant.C...Read More
(IDEX Online) - Luxury spending will fall by almost a quarter this year as coronavirus sees the sector contracting for the first time in over a decade.Management consultants Bain & Co predict a 23 per cent drop in 2020, down by $257bn. Sales had been increasing year on year since 2009.They say the industry is "on a path to recovery by 2022-2023".Jewelry has seen sustained demand in Asia, and a...Read More