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
Mountain Lake Minerals has launched its campaign on the Investing News Network.Read full newsRead More
Volcanic Gold Mines Inc. is pleased to announce that it has closeRead full newsRead More
Gold exploration company Idaho Champion Gold (CSE:ITKO,OTCQB:GLDRF,FSE:1QB1) has launched its campaign on the Investing News Network.Read full newsRead More
Commander Resources Ltd. has completed an 800 line-kilometre airbRead full newsRead More
Sienna Resources Inc. Sienna has closed its financing consistingRead full newsRead More
The ESG megatrend has taken the world by storm, and its newest spinoff could become a $4.2 trillion industry in just a few short yearsRead full newsRead More
Ottawa, Ontario--(Newsfile Corp. - October 20, 2020) - KWESST Micro Systems Inc. (TSXV: KWE) (Read full newsRead More
As Russian forces skirted a weakened post-war Europe in the beginnings of the Cold War, a crippled United Nations stood by, forcing Britain, Canada and the U...Read full newsRead More
Vancouver, BC - October 20, 2020 - Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) ("Siyata" or the "Company") is pleased to announce that it has received a USD$650,000 purchase order to equip homeland security in the Middle East with its handheld rugged Push-to-Talk (PTT) devices. Siyata's rugged devices are designed for enterprise users who require a sturdy yet cost-effective PTT device that they can u...Read More
Bitcoin's biggest rally in more than a week has pushed it to the brink of $12,000, a key level watched by chartists and technicians.Read full newsRead More
Bitcoin's biggest rally in more than a week has pushed it to the brink of $12,000, a key level watched by chartists and technicians.Read full newsRead More
ANCHORAGE, Alaska (AP) - A search is underway in Alaska for two men who went missing after their gold mining boat overturned. Three men were aboard the dredge on Thursday as it made its way back to Nome's harbor in western Alaska, said Nome Fire Department Chief Jim West Jr., the leader of the local search and rescue team. The boat became caught up in 30 mph (48 kph) winds and flipped, the Anc...Read More
"With the US election now only a fortnight away, the likelihood is money managers are going to be risk averse with the financial space dominated by a lack of liquidity/nervousness as a result of which RV trading may take on greater significance," Marex Spectron's Alastair Munro said yesterday.The gold price has held above US$1,900 an ounce on the spot market and was worth about $1,903/oz at the ti...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 betterSPONSOREDproudfootBiden's green credentials and commitment to re-join the Paris climate change treaty may not mean too much for day-to-day m...Read More
Share this articleTORONTO - Kinross Gold Corp. says it intends to rely mainly on internally generated opportunities to continue to produce an average of 2.5 million gold equivalent ounces per year over the next decade.In a news release and conference call Tuesday, the Toronto-based miner didn't directly acknowledge a media report last week suggesting it is looking at selling its operations in the...Read More
(IDEX Online) - India's recovering diamond industry is reportedly running short of rough, as coronavirus restricts air travel.Demand is growing but after three voluntary trade embargoes at the peak of the pandemic, the country's collective $2.7bn inventory is "almost exhausted".Small and medium diamantaires in India can't get to South Africa or Belgium to physically inspect rough di...Read More
(IDEX Online) - Troubled Petra Diamonds has agreed a debt-for-equity restructuring deal with lenders, after failing to attract any buyers.The UK-listed miner, founded by Adonis Pouroulis in 1997, was facing $650m of debts in senior secured bonds and launched a formal sales process in June to sell the company either as a whole.Today Petra Diamonds Limited (PDL) announced a deal whereby debtholders...Read More
(IDEX Online) - Botswana, the world's top diamond-producing country by value, has officially entered recession as it battles coronavirus.One of the biggest factors was the Q2 collapse of diamond mining. Production in carats fell by 67 percent according the latest report by the government's Statistics Botswana.The country's real GDP for April to June plunged 24 per cent as the global...Read More
Shares in Petra Diamonds (LSE: PDL) nosedived after it said it had abandoned plans to sell the company or parts of its business, opting instead for a debt-for-equity restructuring.The struggling South African miner, with operations in its home country and Tanzania, said it had received no viable offers since June, when it put up the "for sale" sign.Petra, which piled up debt to expand its flagship...Read More
Talisker Resources (TSX: TSK; US-OTC: TSKFF) has expanded the drill program at its past-producing Bralorne gold project, 248 km northeast of Vancouver, B.C., for the second time this year, based on encouraging results.The junior has added 5,000 metres to its planned drill campaign for a total of 23,000 metres, up from 11,200 metres initially, and is now adding two drill rigs to the project for a t...Read More