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
Petra Diamonds (LSE: PDL) has reported a 36% fall in revenue and a net loss of ?168.7 million (US$223 million) for the year ended June 30, as the pandemic deepened the company's financial woes.The diamond miner, which has three operations in South Africa and one in Tanzania, said Covid-19 affected production, sales and prices in the period.Petra posted revenue of US$295.8 million in the 2020 fisc...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) will take civil and criminal action against those responsible for spreading "irresponsible and false statements" on social media, which tried linking chief executive Mark Bristow's recent visit to Papua New Guinea (PNG) to attempts to oust Prime Minister James Marape.The nation is currently embroiled in political turmoil after dozens of government members - incl...Read More
Denison Mines (TSX: DML; NYSE: DNN) announced on Tuesday the successful completion of an independent preliminary economic assessment (PEA) for the Waterbury Lake Property in Saskatchewan, with an indicative timeline of pre-production activities beginning in 2025 and first production estimated in 2028.The PEA evaluated the potential use of in-situ recovery ("ISR") mining at the Tthe Heldeth T???(C...Read More
Should we think of big tech stocks as we've thought about "tech stocks" up until now? I'm not sure anymore. I don't think anyone else should be either.If you told me 10 years ago that Amazon would dominate retail, I'd wholeheartedly agree.If you told me that it'd dominate one of the fastest-growing segments of B2B revenue and profit - cloud storage and processing - I'd raise an eyebrow, but hear y...Read More
November 16, 2020 - TheNewswire - Vancouver, British Columbia - VRead full newsRead More
Brixton Metals Corporation is pleased to announce high-grade goldRead full newsRead More
Prosper Gold Corp. is pleased to report assay results from the 20Read full newsRead More
TORONTO, Nov 13, 2020 (GLOBE NEWSWIRE via COMTEX) -- Victoria Gold Corp. (TSX-VGCX) (Read full newsRead More
Vancouver, BC - Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW ) wholly owned subsidiary, Signifi Mobile Inc. ("Signifi"), is pleased to announce a partnership with OnTech Smart Services, a company dedicated to the installation, setup, and personalized education of smart products.Starting this Winter, Siyata's partnership with OnTech will bring installation services to the full range of Uniden (R) cell...Read More
Earlier this month, Madagascar's government suspended a controversial gold-mining operation in Vohilava commune in the country's southeast. Many local people welcomed the news, which comes after years of tension over the project's environmental and economic impact and a recent demonstration against it. In early September, local people who oppose the project destroyed company equipment, throwing [....Read More
"ASX is very disappointed with today's outage and sorry for the disruption caused to investors, customers and other market users," managing director and CEO Dominic Stevens said yesterday.The ASX and its technology provider Nasdaq said they had identified the root cause of the problem and would resolve it overnight before today's 10am opening.Elsewhere, markets closed higher yesterday and futures...Read More
Kami is about 15km east of Champion's Bloom Lake mine, where the board last week pulled the trigger on an expansion to double production capacity to 15 million tonnes per annum over the next 18Read More
Share this article TORONTO - Endeavour Mining Corp. has signed a deal to buy Teranga Gold Corp. in an all-stock deal valued at about $2.4 billion.Under the plan, Teranga shareholders will receive 0.47 of an Endeavour share for each Teranga share they own.Existing Endeavour shareholders will own 66 per cent of the combined company, while Teranga shareholders will own 34 per cent.The deal requires...Read More
(IDEX Online) - Antwerp's rough exports for October were up 82 per cent by carat and 75 per cent by value year-on-year, further fueling hopes of a sustained recovery from the pandemic.Newly-released figures from the Antwerp World Diamond Centre (AWDC) show increases rough imports are not far behind, up 78 per cent by carat and 65 per cent by value.Trade in polished gems, a far smaller sector,...Read More
(IDEX Online) - Angola's state-owned diamond company is selling polished diamonds and jewelry direct to consumers with the opening of its first store in Luanda, the country's capital.It's a partnership with India-based wholesaler KGK Diamonds, which opened a factory in there last November. The store is at the Hotel InterContinental Luanda Miramar.Eug?? (C)nio Bravo da Rosa, ch...Read More
(IDEX Online) - Surat's annual jewelry event, Sparkle 2020, is to feature lab-grown diamonds for the first time.Organizers Southern Gujarat Chamber of Commerce and Industry (SGCCI) say it's because of the "growing acceptance of lab-grown diamonds in India and abroad".At least 35 lab-grown diamond and jewelry manufacturers have already registered for the B2B expo which runs from 26 to 28...Read More
Look beyond market approach to project valuations: van ZylLeadershipPantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRemote Pitram deployment puts miners in the driver's seat Amid Covid ClosuresSPONSOREDmicromineSRA launched a rights issue to raise up to C$30 million at 15c per share. Sandfire has agreed to subscri...Read More
Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRemote Pitram deployment puts miners in the driver's seat Amid Covid ClosuresSPONSOREDmicromine'Best discovery in my time': De Grey on the march at HemiSPONSOREDde grey miningBP is the best example of what it costs to go green, suffering an exit of long-term...Read More
Copper prices set fresh multiyear highs over concerns of possible supply disruptions following unrest in Peru and optimism about the launch of a Chinese futures contract open to international investors.On the Comex market, copper for delivery in December gained 2.7% to US$3.2625 per lb. (US$7,193 per tonne) amid heavy buying, with more than US$8.3 billion worth of metal traded by mid-afternoon in...Read More
Canada's Endeavour Mining (TSX: EDV), already West Africa's top gold producer, has agreed to buy Teranga Gold (TSX: TGZ) in an all-share deal worth $2.44 billion (US$1.86 billion), which would create a top-10 gold producer.The Toronto-based miner is offering 0.470 of its own shares for each Teranga share, a 5.1% premium to Teranga's closing price on Friday.Endeavour shareholders will end up with 6...Read More