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
K9 Gold Corp. is pleased to update the 2020 exploration program fRead full newsRead 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
/PRNewswire/ -- Over the last decade, global demand for gold has increased constantly. Worldwide gold demand amounted to 4,356 metric tons in 2019. Demand has...Read full newsRead More
Can a mining company safely move them?Read full newsRead More
The gold price is similar to this point yesterday, at US$1,877 an ounce on the spot market.US president Donald Trump is continuing to say he will win the election, which was held last week and widely considered won by rival Joe Biden.Independence Gold (TSXV: IGO) was a standout in Toronto, on reporting 67.6m averaging 3.63g/t gold and 132.83g/t silver from 51m at its 3Ts project in British Columbi...Read More
(IDEX Online) - Alrosa's recovery continued last month with total sales of $310m even though it effectively canceled its trading session.That was 17 per cent up on the same month last year. In September the Russian miner reported totals sales of $336m, up 23 per cent year-on-year and in August it sold $216m, up 16 per cent on the same month in 2019.It canceled the October trading session to a...Read More
(IDEX Online) - India's diamond traders are calling on the government to make good on its promise to scrap the new two per cent e-commerce tax on rough imports.The finance ministry gave industry leaders an undertaking in August that diamonds would be exempt from the equalization levy introduced in April.But after three months it has yet to formally amend the law, prompting concerns among diam...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Kodiak reported intercepting 192m at 1.21% copper-equivalent, or 0.74% copper, 0.48g/t gold and 2.75g/t silver, from 308m.It was part of a 515.8m interval grading 0.63% Cu-eq and included a higher-grade 45m at 2.13% Cu-eq.Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.To...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Arc had signed a confidentiality and six-month exclusivity agreement with a subsidiary of Anglo American in July over its majority-owned Zamsort and Zaco copper licences in Zambia.Under the agreement, Arc was continuing drilling while Anglo American conducted a technical review, which could resul...Read More
Canada's Denison Mines (TSX: DML) is ready to resume the formal environmental assessment (EA) process for its 90%-owned Wheeler River project in Saskatchewan, which is poised to be the country's first in-situ recovery uranium mine.Denison had paused the process in March, due to restrictions related to Covid-19 measures. President and chief executive David Cates said the company would give formal n...Read More
First Cobalt (TSXV: FCC) is planning to alter its prior arrangement with global miner Glencore (LSE: GLEN) and sign a a long-term feed purchase contract instead of the original tolling contract. First Cobalt owns North America's only permitted cobalt refinery.Securing feed material under a long-term cobalt hydroxide purchase contract would allow its refinery in Ontario to be "an active market par...Read More
Precious gemstones miner Gemfields Group (LSE: GEM; JSE: GML) says it is unable to say when it might be able to host its next auction, or generate meaningful revenue from sales, due to the "severe" impact of Covid-19 restrictions.The company, which returned to the London Stock Exchange's market for juniors this year, has only been able to host one auction so far in 2020. Held in February in Lusak...Read More
This week's episode features the launch of The Northern Miner's Global Mining Symposium virtual mining conference, with opening remarks by group publisher Anthony Vaccaro. As well, the news section tackles the latest developments on the trade tensions between Australia and China.All this and more with online editor and host Adrian Pocobelli.Music Credits:"Rattlesnake Railroad", "Big Western Sky",...Read More
Explorer and developer Bluejay Mining (LSE: JAY) has inked a joint venture and earn-in agreement with Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) to advance the Enonkoski nickel project, in Finland.The deal could see Rio progressively earn up to a 75% interest in the project by injecting US$20 million into it either by covering expenses or paying cash equivalent amounts, over three stages.In the fir...Read More
Here comes the long, cold slog through what is going to be a brutal winter.The election is behind us, for better or worse. There is talk of a truly effective vaccine from Pfizer and its partners. There are some glimmers of hope in economic data.As the Counting Crows song goes, "maybe this year will be better than the last."We're not there yet, and there is a lot more for us to go through.Now that...Read More
Erdene Resource Development Corp. is pleased to announce operatinRead full newsRead More
VVC Exploration Corporation announces that it has signed a ShareRead full newsRead More
ALX Resources Corp. is pleased to announce the preliminary resultRead full newsRead More
Mining Journal - Explore the leading publication for the global mining industry: Mining Journal provides an in depth analysis of the mining sector outlook and the latest developments.Read full newsRead More
/PRNewswire/ -- Over the last decade, global demand for gold has increased constantly. Worldwide gold demand amounted to 4,356 metric tons in 2019. Demand has...Read full newsRead More