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
Endeavour Mining (TSX: EDV), West Africa's top gold producer, has resumed operations at its Boungou mine in Burkina Faso, a year after previous owner Semafo decided to shut it down following an attack that killed 39 civilians.The Toronto-listed miner said the reopening of the mine follows infrastructure improvements and a new security plan developed in "close partnership" with Burkina Faso's gover...Read More
Radisson Mining Resources (TSXV: RDS; US-OTC: RMRDF) has released assay results for hole OB-20-156, drilled within its wholly owned, past-producing O'Brien project in Quebec, which hit high-grade gold, 250 metres below the resource shell.The drill hole returned 21 metres of 6.89 grams gold per tonne, which includes higher-grade intercepts such as 2 metres of 4.81 grams gold, and 12 metres of 11.32...Read More
Gold 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
Conventional folklore would have you believe it started in 1992 with Geoffrey Stokes, but the genesis of Diggers and Dealers can be traced back as far as 1983, to a lunch at the Windsor Hotel in Perth with Peter Briggs and Dr Ron Wise.Read full newsRead More
The U.S. recession caused by the coronavirus pandemic and subsequent lockdown may already be over, Fed Vice Chairman Richard Clarida said Wednesday.Read full newsRead More
When miners at Indonesia's giant Grasberg gold and copper mine started testing positive for coronavirus early in the pandemic, the mountain-top mining complex was quickly locked down with a skeletal staff left in place to maintain production.Read full newsRead More
Vancouver, BC - Summa Silver Corp ("Summa Silver" or the "Company")(CSE: SSVR, OTCQB: SSVRF, Frankfurt: 48X) is pleased to announce that it has increased the size of the current Phase I drill program at the high-grade silver (Ag) and gold (Au) Hughes Property near Tonopah, Nevada to 12,500 metres. The Company is also planning a significant Phase II drill program which is scheduled to begin in...Read More
Vancouver, BC - Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW / TSX-V:SIM / FRA: WK3D) (the "Company" or "Siyata") is pleased to announce $2.95M in revenue in Q2 2020, a 47% increase in sales over Q2 2019 with growing sales in North America resulting in a 25% increase in gross margins.Q2 2020 Highlights:Reports $2.95M of revenue in Q2 2020 vs $2.04MM in Q2 2019, an increase of 47% YoYQ2 2020 gross ma...Read More
When miners at Indonesia's giant Grasberg gold and copper mine started testing positive for coronavirus early in the pandemic, the mountain-top mining complex was quickly locked down with a skeletal staff left in place to maintain production.Read full newsRead More
While digital transformation has rocked the mining industry, the pandemic accelerated the shift to remote working, amplifying the demand for state-of-the-art technology to keep teams virtually connected to on-the-ground operations.TIMining, a global technology company dedicated to the mining industry with offices in Santiago and Perth, has multiple software platforms for different processes being...Read More
Of greater importance to iron ore miners are persistent reports of a looming fall in the iron ore price as Chinese steel production peaks and Brazilian iron ore exports recover after a series ofRead More
(IDEX Online) - A British jeweler is being sued over the loss of a $40,000 fancy yellow diamond that fell out of a ring he sold.Philip Lloyd Jewellers, in West Sussex, was accused of failing to secure the stone with reasonable care and skill during a court hearing on Tuesday.Insurance broker Mark Hare, 58, bought the gem as a Christmas gift for his then-girlfriend Olivia Claffey in 2017.She notice...Read More
(IDEX Online) - Indian jewelry chain Tanishq has withdrawn an advert depicting a Muslim-Hindu baby shower after a furious backlash on social media. Critics claimed it glorified what Hindu extremists have labeled "love jihad" - the alleged campaign by Muslim men to seduce and convert Hindu women - and launched a vicious "trolling" campaign online.The 45-second was p...Read More
(IDEX Online) - De Beers today reported $467m sales from its September Sight, further fueling hopes of a sustained recovery from the global pandemic.The provisional figure for cycle 8 is a 36 per cent year-on-year increase compared with the same month last year.It also indicates a significant upwards trend overall as demand returns. By comparison, actual sales for Cycle 7 (August) were $334m; Cycl...Read More
Drill results multiply value options in front of YandalSPONSOREDyandal resourcesTogether, the projects represent initial capital investment of US$3.4 billion, including the $2.Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The union rejected BHP's supposedly final offer in contract negotiations last week, but the mining major agreed to meet again on Tuesday to break the deadlock. A resolution was not forthcoming, so talks were extended by one more day, the union said.If the two sides fail to reach a deal, workers could begin a st...Read More
Newrange Gold (TSXV: NRG) has reported drill results from the Merritt zone at its flagship Pamlico gold project in Nevada, 19 km southeast of Hawthorne.The 17-sq.-km property covers the historic Pamlico mines on Pamlico Ridge and the former producing Central, Good Hope, Gold Bar, and Sunset mines, in addition to various unnamed historic mines and other prospects.Pamlico was discovered around 1884...Read More
SilverCrest Metals (TSX: SIL; NYSE-AM: SILV) plans to spend US$60 million on drilling through the end of 2022 at its Las Chispas silver-gold project in Mexico's Sonora state."Growth from drilling is a huge part of our story, and we have only scratched the surface," Chris Ritchie, the company's president, said during a webinar.According to the mining executive, the company was guiding on publishing...Read More
Roxgold (TSX: ROXG; US-OTC: ROGFF) has reported additional results from the first phase of its infill drill program on the Koula prospect at its S?(C)gu?(C)la gold project in Cote d'Ivoire, 240 km northwest of Yamoussoukro and 480 km northwest of Abidjan.Highlights include drill hole SGRC919, which intersected 4 metres grading 108.9 grams gold per tonne starting from 32 metres downhole, including...Read More
Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY) started trading on the London Stock Exchange on Oct. 13.The company will maintain a primary listing on the Toronto Stock Exchange as well as a listing on the New York Stock Exchange."We offer gold exposure via a high-quality, long-life asset portfolio in the Americas, organic production growth, a commitment to providing and increasing cash returns to sha...Read More