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

Like a lot of other outdoor pursuits that allow practitioners to socially distance,prospecting has taken off during the pandemic.Read full newsRead More

Some experts believe we may have hitRead full newsRead More

There were similar gains yesterday for gold miners spreading their wings on new bourses.Australian gold major Newcrest Mining closed up 2.3% on its second day of trade in Toronto (TSX: NCM).Likewise, Canada-based producer Yamana Gold closed up 2.1% on its second day of trade in London (LSE: AUY).Elsewhere, Zimbabwe is reportedly drumming up interest for its new stock exchange, the Victoria Falls S...Read More

Barrick Gold (TSX: ABX; NYSE: GOLD) is moving ahead with plans to extend the life of its Hemlo gold mine in Ontario by transitioning the operation from open-pit mining to purely underground mining as a modernized 'tier two' asset.Mining of the Williams pit is expected to wind down at the end of the month. Barrick has a transition plan in place to transfer most of the pit employees to Barminco, the...Read 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 expectations of analysts at Haywood Research.During the quarter, gold prices averaged US$1,911 per oz., which was above the firm's forecasted gold price of US$1,800 per oz. and 11% higher than the second-quarter average of US$1,714...Read More

Kirkland Lake Gold (TSX:KL; NYSE: KL) reported third-quarter gold production of 339,584 oz., a 3% increase over the 329,770 oz. generated in the prior quarter. The Detour Lake and Fosterville mines led this output, producing 140,067 oz. gold and 161,489 oz. gold in the period, respectively.With 331,811 oz. of gold sales, at an average realized price of US$1,907 per oz., the producer closed out the...Read More

The company said quarterly gold revenue increased 57% to US$487 million and the cash flow generation allowed the company to become debt-free after fully repaying its revolving credit facility (RCF)Read More

Speaking on a webinar on Wednesday afternoon, WoodMac's global head of metals Simon Morris said while huge stimulus packages had buoyed the market following the COVID-19 pandemic, the pattern wasRead More

Share this articleTORONTO - TMAC Resources Inc. says the federal cabinet has ordered a national security review of the proposed sale of the Canadian gold miner to a Chinese company.Shandong Gold Mining Co. Ltd. announced a deal in May to buy TMAC, owner of the Hope Bay mining project in Nunavut, for $230 million.The friendly deal has received Chinese regulatory approvals and TMAC shareholders vote...Read More

Share this articleTORONTO - Barrick Gold Corp. says it produced 1.16 million ounces of gold and 103 million pounds of copper in the third quarter based on preliminary results.The production came as the company says preliminary third-quarter sales totalled 1.25 million ounces of gold and 116 million pounds of copper.The average market price for gold in the third quarter was US$1,909 per ounce, whil...Read More

(IDEX Online) - Tiffany & Co has launched a highly personal attack on LVMH boss Bernard Arnault, citing his reputation for a "ruthless approach to acquisitions".The New York-based jeweler is still smarting after the French luxury conglomerate dramatically pulled out of its $16.2bn acquisition last month, blaming the threat of US trade tariffs.Tiffany hit back with a legal attempt to force thro...Read More

(IDEX Online) - Diamond industry veteran Chaim Pluczenik has been elected president of the Antwerp World Diamond Centre (AWDC).He pledged to do all he can to help Antwerp recover from the devastating impact of the coronavirus pandemic.Mr Pluczenik takes over from Nishit Parikh, who retired after two years in office without seeking re-election.AWDC represents Belgium's diamond sector and offer...Read More

Drill results multiply value options in front of YandalSPONSOREDyandal resourcesGold production was slightly higher than in the second quarter due to stronger performances from the Carlin mine of Nevada Gold Mines in USA and Pueblo Viejo in Dominican Republic, its two jointRead 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 betterSPONSOREDproudfootThe company announced this week the first hole at Porvenir was completed at 909.3m depth, having intersected 893.4m of vis...Read More

Drill results multiply value options in front of YandalSPONSOREDyandal resourcesNorthern Star Resources and Saracen Mineral Holdings continued their domination of this year's conference by jointly taking out the Dealer Award for their separate acquisitions of the Super Pit.Saracen boss Raleigh Finlayson and Northern Star executive chairman Bill Beament accepted the award, with Finlayson speaking f...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 betterSPONSOREDproudfootIronically, given bans on face-to-face meetings between investors and company executives, corporate access to capital has...Read More

Months after shareholders of TMAC Resources (TSX: TMR) approved a takeover of the company by China's Shandong Gold Mining, the federal government has ordered a national security review of the transaction.The US$149-million, $1.75-per-share deal was announced in May, with more than 97% of shareholders voting in favour in June. The plan was also approved by the Ontario Superior Court of Justice in J...Read More

The board of directors of Argonaut Gold (TSX: AR) has approved construction of the company's wholly owned Magino gold project in Ontario, 40 km northeast of Wawa.With a two-year construction period anticipated for Magino starting in January 2021, Argonaut expects to pour first gold at the operation in 2023. Before the mine build can begin, the company needs to first file a closure plan and post an...Read More

The Covid-19 pandemic has choked off revenue for diamond producers and funding for diamond juniors for much of the year. But with the diamond trade slowly starting to reopen and buyers and sellers adjusting to life under the pandemic, some companies outside of the big two - De Beers and Alrosa - have proven to be resilient. Here's a look at seven small diamond producers and explorers that are sold...Read More

The U.S. dollar, as measured by an index tracking it versus six major currencies including the Euro, Yen and Canadian dollar, is down almost 10% from the highs in March to mid-October. The weakness is at least in part a response to record economic stimulus by the U.S. in the form of cash payments and also suppressed interest rates - the former reflected in the Federal Reserve's balance sheet, whic...Read More