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
NV Gold Corporation is pleased to announce that its common sharesRead full newsRead More
Japan Gold Corp. is pleased to announce that all resolutions wereRead full newsRead More
VVC Exploration CORPORATION announces the extension of the expiryRead full newsRead More
Searchlight Resources Inc. is pleased to announce the definitionRead full newsRead More
Vancouver, BC - LEAF Mobile Inc. (TSX.V : LEAF) ("LEAF" or the "Company") provides the following update regarding its proposed acquisition of East Side Games (the "Acquisition"), previously announced on October 7, 2020.Resulting Issuer Board and ExecutivesUpon completion of the Acquisition, it is intended that Darcy Taylor will remain as CEO, Mark Leung will remain as CFO, and Brian Wideen will re...Read More
Vancouver, BC - Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW ) (the "Company" or "Siyata") is pleased to announce the appointment of Mr. Peter Goldstein to its Board of Directors. With over 30 years of diverse and global entrepreneurial, client advisory and capital market experience, Mr. Goldstein has a successful track record in leading and building companies in the capital markets.Mr. Goldstein has...Read More
AFC deferred its second US$28.5 million investment at the end of March, saying it wanted to allow for the stabilisation of global markets.Read More
(IDEX Online) - A ring set with a pear-shaped 12.38-carat VVS2 fancy pink diamond was sold to an online bidder for $4.6m by Sotheby's. The pink gem was flanked by by two pear-shaped white diamonds, both D color and IF, weighing 0.52 and 0.51 carats. The estimate was $4m to $5m. It was the star lot in a hybrid live/online auction in New York, Sotheby's first sale with bidders in attendanc...Read More
(IDEX Online) - Alrosa is streamlining its manufacturing operations, which are currently run as three separate entities.The Russian state-owned miner says the creation of a single production framework will allocate diamond output more efficiently between three sites, and allow them to provide mutual back-up if the pandemic forces further closures.Between them they currently account for half of the...Read More
(IDEX Online) - The future of Canada's Diavik mine is in doubt after a deal to rescue Dominion, its troubled minority-owner, fell through.Dominion stopped making payments to DDMI, the Rio Tinto subsidiary that operates the deposit, when it filed for insolvency protection in April. It currently owes over US$90m.DDMI says it can't afford to make preparations for the harsh winter, jus...Read More
An already catastrophic year for the global economy is suddenly even more uncertain as investors everywhere grapple with the likely impact of the U.S. presidential election.With very few exceptions (New Zealand springs to mind) there is little faith amongst investors in politicians' handling of the coronavirus pandemic, and the global mood ahead of the U.S. election wasn't helped by the two presid...Read More
Drilling at Galway Metals' (TSXV GWM) Clarence Stream gold project in New Brunswick has more than doubled the strike of the Richard zone from 400 metres to over 900 metres.The company has released assay results for holes completed along the western and eastern limits of the Richard area, which lies between the Jubilee zone (to the west) and the George Murphy zone (to the east).Highlights included...Read More
In what has been the largest drill campaign at the Donlin gold project in Alaska in 12 years, joint-venture partners Barrick Gold (TSX: ABX; NYSE: GOLD) and NovaGold Resources (TSX: NG; NYSE-AM: NG) announced they have completed this year's 85-hole program totalling 23,400 metres.The companies reported results for nine of the drill holes in August, and released assays from another 16 holes today,...Read More
A long-running battle between Nordgold (LSE: NORD) and China's Shandong Gold Mining over Cardinal Resources (ASX: CDV) has taken a legal turn after the Russian miner made a fresh application to Australia's Takeovers Panel that accuses the takeover target of misleading shareholders.Nordgold, which first approached Cardinal in March with an unsolicited A45.7 ? (US32.6 ?) per share bid, put forward a...Read More
Young Mining Professionals (YMP) has announced its 2020 scholarship recipients. A total of $61,500 in scholarships has been awarded to students studying mining-related programs in Canada."The scholarships are not only supporting the students but also helping to address the talent gap in the mining industry," Stephen Stewart, director of YMP Toronto and president and chief executive of Orefinders R...Read More
Market analyst Wood Mackenzie has published a report outlining what the future of clean energy and electric vehicles may look like following the Nov. 3 election in the United States.On one hand, President Donald Trump is promising to maintain the status quo somehow favouring oil, gas and coal and rejecting the idea of cutting greenhouse gas emissions. Democrat rival Joe Biden, on the other hand, p...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 mineralsThe partners are the first to drill-test the deposit and this week said they were "encouraged" by the results, which included intercepts of 65m gradi...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Some 78% of the 7.5 million people who cast their ballot voted for the change, a referendum which was agreed by the Sebastian Pinera government in November last year after mass protests against inequality. This was the highest election participation since the 1989 election which brought an end to military rule....Read More
Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRamelius now among WA gold frontrunnersSPONSOREDramelius resourcesAgile Mining - The Future is Smaller. Bigger is not always betterSPONSOREDproudfootIn both cases it will be industrial activity rather than investment which should underpin a strong price recovery.Read More
Meanwhile in China, Communist Party officials begin a four-day policy plenum today, to lay out a five-year plan to guide the economy to 2025.Gold has dropped below US$1,900 an ounce on the spot market, to about $1,895/oz at the time of writing.Base metals closed lower in London on Friday as the virtual LME Week wound up, where one panel had heard metals demand could stagnate in 2021 due to a secon...Read More