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
Brigadier Gold Limited is pleased to announce that the first diamRead full newsRead More
Japan Gold Corp. is pleased to provide a progress report on the BRead full newsRead More
Renforth Resources Inc. is pleased to inform shareholders that fiRead full newsRead More
October 21st, 2020 Great Thunder Gold Outlines its Phase 1 Drilling Program in the Fenelon Gold Camp Read News Release in PDF October 21st, 2020, Vancouver, British Columbia - Great Thunder Gold Corp.Read full newsRead More
The top 10 rankings saw a big shift over the past year.Read full newsRead More
IG market analyst Kyle Rodda said this morning the CBOE put/call ratio indicated market sentiment remained bullish."For all the speculation and choppy price-action, positioning continues to suggest an optimistic (read: complacent) market environment," he tweeted."A risk-laden fortnight could put that to the test."Metals and mining equities were collectively up 2.6% in Toronto.Diversified miner Fir...Read More
Republican president Donald Trump and Democratic candidate Joe Biden are far apart on environmental issues, including on greenhouse gas emissions and decarbonisation proposals that will directlyRead More
That's one way of interpreting the results of a poll taken of participants in a Macquarie Bank base metals summit earlier this week.Read More
(IDEX Online) - Total sales of jewelry and watches in the US kept climbing in August, up by 9.3 per cent. That's the biggest monthly increase for four years. The July figure has been revised down from 9.0 per cent to 7.5 per cent, based on through-the-till transactions, rather than estimates. Revised sales for June were actually slightly higher, up from 3.7 per...Read More
(IDEX Online) - A team of jewelers in India have created a ring set with a record 7,801 diamonds.The design, based on a rare, sacred Himalayan flower, has 46 petals, with diamonds covering every available surface.The ring was painstakingly crafted over 11 months by The Diamond Store by Chandubhai, in Hyderabad - part of Hallmark Jewellers.It narrowly beat the previous holder of the Gui...Read More
(IDEX Online) - The US government has imposed sanctions on an Australian gemstone trader over his alleged links to al-Qaeda, the terror group behind the 9/11 attacks that claimed almost 3,000 lives. It says Ahmed Luqman Talib, 30, from Melbourne, acted as a "financial facilitator", moving money round the world to fund terrorist activity.Police raided his home yesterday in the Melbourne suburb...Read More
The International Copper Study Group (ICSG) has released its copper market forecast for 2020-21 and expects this year will mark the second consecutive year of decline in world copper mine production.After a drop of 0.2% in 2019, the ICSG anticipates that global copper mine production will fall by about 1.5% this year, before growing by about 4.5% next year.The forecast is in line with estimates...Read More
Sun Metals (TSXV: SUNM) has announced assay results for drill holes completed at its wholly owned Stardust project in north-central British Columbia.The intercepts confirm continuous high-grade copper-gold mineralization over 900 metres down-plunge, continuous between the Canyon Creek and deeper 421 zone at the property, the company said.The intercept, highlighted in a news release, is from hole D...Read More
A feasibility study on Battle North Gold's (TSX: BNAU; US-OTC: BNAUF) Bateman project in the Red Lake district has defined a seven-year, 1,315-tonne-per-day underground operation.The development features a 21-month construction and ramp-up period, which includes 14 months of gold production that would offset some of the capital expenditures.The project funding requirement stands at $93.2 million,...Read More
Canada Nickel Company (TSXV: CNC; US-OTC: CNIKF) has grown its Crawford nickel-cobalt sulphide project near Timmins, Ontario.According to an updated resource estimate, total measured and indicated resources now stand at 657 million tonnes grading 0.26% nickel for 1.7 million tonnes of contained nickel, a 9% increase from the previous estimate, while inferred resources jumped by 121% to 646 million...Read More
The all-in sustaining costs (AISCs) metric has been widely used in the mining industry since 2013 for its comprehensive and transparent look at an operation's costs.According to data from Miningintelligence, Lundin Mining's Chapada mine was the clear winner among global copper operations with AISCs at $1,411 per tonne during the second quarter of this year.In second and third place are two mines...Read More
Atalaya Mining (TSX: AYM; LSE: ATYM) is acquiring the Masa Valverde polymetallic project in Spain for a total of ?,?1.4 million (US$1.7 million) in cash from a private vendor.The first payment for the project, which is 28 km southwest of Atalaya's Proyecto Riotinto operation, is due when the mining permit is granted, and the second payment, when first production is reached.Masa Valverde has an inf...Read More
A long-running battle between Nordgold (LSE: NORD) and China's Shandong Gold Mining over Cardinal Resources (ASX: CDV) took a fresh turn, after the Russian gold miner matched Shandong' s latest bid of A$1 per share.Both suitors have been locked in a back-and-forth contest for the Australian miner - which owns the 5.1 million-oz. Namdini gold project in Ghana - since Nordgold put forward a A45.7 ?...Read More
An investment of at least US$1 trillion will be needed in key energy transition metals over the next 15 years "to meet the growing demands of decarbonization," reports consultants Wood Mackenzie, noting that the figure is almost twice the amount invested over the last 15 years."Put simply, the energy transition starts and ends with metals," the consulting firm said. "If you want to generate, trans...Read More
For better or worse, November 2020 is going to be a month to remember. The most contentious election in living memory is a mere two weeks out. A lot of words are being written about what the future of the country will look like. Writers and pundits on both sides of the aisle have their reasons for saying one thing or another, but the truth of the matter is they don't know any more than you or I....Read More