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
TORONTO, Oct.22, 2020(GLOBE NEWSWIRE) -- FenixOro Gold Corp. (CSE:FENX, OTCQB:FDVXF, Frankfurt:8FD) is pleased to announce the final data set from the...Read full newsRead More
Despite a more tempered performance from precious metals during the third quarter of 2020, gold and silver prices still demonstrated gains and outperformed the initial...Read full newsRead More
A weaker U.S. dollar, rising inflation risks and demand driven by additional fiscal and monetary stimulus from major central banks will spur a bull market for commodities in 2021, Goldman Sachs said on Thursday.Read full newsRead More
Vancouver, BC October 22, 2020 - KORE Mining Ltd. (TSXV: KORE | OTCQX: KOREF) ("KORE" or the "Company") announces that the Company has completed the 15 hole 5,746 meter drill program (the "Program") at the FG Gold project with first assay results to be released in early November. The Program discovered multiple new quartz vein systems with numerous encounters of visible gold, that have the poten...Read More
Like a lot of other outdoor pursuits that allow practitioners to socially distance,prospecting has taken off during the pandemic.Read full newsRead More
Lawyers from Mbuyisa Moleele and Leigh Day yesterday said they had filed a class action lawsuit in South Africa against its subsidiary, Anglo American South Africa, alleging it had caused lead poisoning from the Kabwe mine in Zambia which was part of its group between 1925-1974.The company told local media it was never a majority owner of Kabwe and would review the claims made and "take all necess...Read More
Speaking on the sidelines of a WA Mining Club lunch in Perth on Thursday, CEO Peter Kerr told Mining Journal the company had a number of internal options, namely aiming to extend the minelife at its flagship high-grade, restarted Koolan Island operation and investigate regional deposits at its Mid West iron ore business.He said in terms of external options, COVID-19 restrictions had put a dampener...Read More
(IDEX Online) - Petra is to sell a unique collection of blue diamonds, recovered within a week at its iconic Cullinan mine, in South Africa.The Type IIb diamonds, weighing between 9.61 carats and 25.75 carats, are all described as being of significant color, clarity, size. They contain a small amount of boron, which determines their blue color.They've been named Letlapa Tala, which means "blu...Read More
(IDEX Online) - An extremely rare 74.48-carat fancy yellow diamond is to headline a sale of rough by Rio Tinto from its mines in Canada and Australia.The diamond (pictured) has been named the Diavik Helios, after the Canadian mine where it was found, and the pure yellow sunlight emitted by the mythical Greek god of the Sun.The Specials Tender of stones over 10.8 carats also includes 28,399 carats...Read More
(IDEX Online) - Veteran diamond industry journalist Rob Bates is making his debut as an author - with the release of a murder mystery set in New York's Diamond District.After 25 years' writing about real-life intrigue in the world of gems, he's penned A Murder is Forever, a fictional account of conspiracy, death, secrets and a $4m pink diamond.Mimi Rosen, the central character, does...Read More
Quebec-focused gold explorer Bonterra Resources (TSXV: BTR; US-OTC: BONXF) announced the most recent results from the drill program at its Barry project, located within the Abitibi Greenstone Belt in the province.The company resumed drilling operations at Barry in July, putting two drills into operation. One was on a barge at Lake Limpide, while the other was on dry land, and the combined explorat...Read More
Following its listing on the Toronto Stock Exchange on Oct.13, Newcrest Mining (TSX: NCM; ASX: NCM), Australia's largest gold producer, hopes to improve the company's global visibility and increase its North American investor base.A spokesperson for the company said via email that a North American listing was "part of our strategy of pursuing growth in the Americas," adding that Newcrest pursued...Read More
The Canadian Mining Hall of Fame will welcome five new members at its July 2021 gala dinner and induction ceremony, An Evening Under the Stars, to be held at the prestigious Aga Khan Museum in Toronto.Due to the Covid-19 pandemic and the restrictions around gatherings, the gala dinner and induction ceremony will be organized in compliance with Ontario's Phase 3 guidelines where 100 people are perm...Read More
Kodiak Copper (TSXV: KDK) has released complete assay results for drill hole 20-004, after reporting partial assays in September, and new assays for drill hole 20-002, which were completed at the Gate zone within its wholly owned MPD project in British Columbia.The latest intercepts indicate a "large zoned and significantly enriched copper-gold envelope at Gate," which would be typical for porphyr...Read More
Russia's top gold producer Polyus (LSE: PLZL) says its giant Sukhoi Log gold deposit in Siberia is the world's biggest by reserves, both among greenfield assets and operating mines.The deposit holds 40 million oz. proven gold reserves as measured by international JORC standards, the company announced on Oct. 22. This means Sukhoi Log, which translates to "dry gully" in English, contains a fifth of...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 betterSPONSOREDproudfootA From the Capital column on June 11 questioned whether so-called tight capital structures produce superior investment ret...Read More
Not many investors know the story of Benjamin Hornigold...Best known as Blackbeard's mentor and all-around cutthroat buccaneer, he was dubbed "the Pirate's Pirate" by many a historian.Hornigold had very humble beginnings. He began his legendary pirating career with a couple of canoes - yes, canoes - and terrorized merchant ships off the coast of Nassau. He continued adding to his fleet and within...Read More
Comet Resources Limited (Comet or the Company) (ASX:CRL) is pleased to announce the finalisation of an exploration access agreement (EAA)Read full newsRead More
PayPal Holdings Inc joined the cryptocurrency market on Wednesday, allowing customers to buy, sell and hold bitcoin and other virtual coins using the U.S. digital payments company's online wallets.Read full newsRead More
DGTL Holdings (DGTL) has signed a 24-month software licensing agreement with a major online fantasy sports gambling company.Read full newsRead More