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
Can a mining company safely move them?Read full newsRead More
Vancouver, BC November 11, 2020 - KORE Mining Ltd. (TSXV: KORE | OTCQX: KOREF) ("KORE" or the "Company") announces that drill hole FG-20-377 intercepted 31.3 meters of 3.2 g/t gold, including 14.3 meters of 6.4 g/t gold, starting at 369 meters downhole in the Lower Zone of the FG Gold Project ("Project" or "FG Gold") in the Cariboo Region of British Columbia. This news release reports assays fro...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
It's time to start worrying about inflation. Although inflation has been low and fairly steady in the past decade, prices will begin accelerating in 2021 and 2022. There is no asset that is obviously a slam dunk for an inflation hedge, but gold, mining stocks and farmland should be considered.Read full newsRead More
Vancouver, BC - LEAF Mobile Inc. (TSX.V : LEAF) provides the following update regarding its proposed acquisition of EastSide Games Inc. (the "Acquisition"), previously announced on October 7, 2020.The AcquisitionAcquisition AgreementLEAF, EastSide Games Inc. ("ESG") and the securityholders of ESG have entered into a purchase agreement dated October 31, 2020 (the "Acquisition Agreement"), which for...Read More
In an interview at this week's Global Mining Symposium, David Elliott, a founding partner at Haywood Securities and new inductee into the Canadian Mining Hall of Fame, spoke candidly about his career and how he and his partners built Haywood from a small firm of fifteen employees into a leading merchant bank with 313 employees and about $10 billion of assets under management.Haywood Securities wou...Read More
The US investment firm, which is lead underwriter and sole book-runner on the deal, will purchase more than 27.7 million shares, at US$0.83 per share. Cantor Fitzgerald has an over-allotment option to purchase up to an additional 4.2 million shares at the same price up to 30 days after the offering closes on November 17, which could raise an additional US$3.5 million. Taseko...Read More
The Montreal-headquartered company took advantage of a higher iron price environment amid strong fundamentals to secure a doubling of its credit facility to US$400 million. Champion says it represents a conservative financial solution to fund the buildout that will double output to 15 million tonnes per annum over the next 18 months.The company said Thursday given its $425.8 million cash on hand i...Read More
Share this article MONTREAL - Champion Iron Ltd. says it will move ahead with an expansion of its Bloom Lake open pit mining complex in northeastern Quebec that is expected to double capacity and create 375 new permanent jobs.The company says the project will take capacity to 15 million tonnes of iron ore per year.It has approved spending about $512.6 million to complete the project over the next...Read More
(IDEX Online) - A human rights watchdog claims seven people have been killed and 41 injured by security staff at Petra Diamond's Williamson mine, in Tanzania.It alleges there has been a catalog of "killings and brutal assaults" involving local artisanal miners since Petra acquired the deposit from De Beers in 2009. The government of Tanzania holds a 25 per cent stake in the mine.The report by...Read More
(IDEX Online) - The largest vivid purple-pink diamond ever to appear at auction has sold for a record $26.6m.The ultra-rare 14.83-carat, internally flawless, oval-cut The Spirit of the Rose (pictured) went to an anonymous phone bidder yesterday at Sotheby's Geneva.It was cut from a 27.85-carat clear pink rough stone unearthed at Alrosa's Ebelyakh deposit in the Republic of Sakha (Yakutia...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The company said this week's "holing" had opened up the first two high grade, drift-and-fill mining blocks, totalling 10.6 million tonnes at 6.78% copper near the centre of the deposit.The second set of connection drives was expected to hole by June 2021, opening up an additional high-grade and medium-grade min...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Nova said it would acquire the existing NSR on the copper-nickel-platinum group metals project for up to US$6 million in cash and shares.Nova also yesterday announced a "best efforts" C$10 million raising at $1.45 per share and said it was also looking to list in the US.Scoped for growth: Nevada Copper shi...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipPantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsShares in the company soared 2,750% from a March low to a 12-month high at C62c per share before retreating to 20c, which capitalises it at $13 milli...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 miningEven years into a project's life cycle, mining industry investors must often guess a...Read More
Guinea's government has approved a multinational group's plan to build a railroad and deep-water port to export from the large-scale Simandou iron ore deposit to key markets, including China, the world's top consumer of the commodity.The consortium, which includes Singapore's Winning Shipping, Guinean mining logistics firm United Mining Supply (UMS), Chinese aluminum producer Shandong Weiqiao and...Read More
Kerr Mines (TSX: KER; US-OTC: KERMF) will finance the restart of production from its Copperstone gold mine in Arizona with the help of a US$18 million streaming deal with Star Royalties.Production is targeted to begin in the fourth quarter of 2021 from the fully permitted mine, which Kerr Mines acquired in 2014 through an all-share acquisition of American Bonanza.Copperstone, situated in western A...Read More
A panel of cybersecurity experts from across the industry kicked off the Global Mining Symposium this week with a discussion of how mining companies can build cybersecurity-resilience into their operations.Yogen Appalraju, a partner and cybersecurity leader at Ernst & Young Canada, moderated the panel, which consisted of Chandra Majumdar, Ernst & Young's cyber threat management leader, David Rae,...Read More
At times last week, I felt like I was stuck in the waiting room in Hell...I personally spent hours watching cable news - something I usually try to avoid at all costs - as John King played with his "Magic Wall" like a sugared-up child who just got his first iPad. Eventually, the pundits just ran out of things to say and were basically sitting around asking each other how much sleep they got.I almo...Read More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More