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
Shares in Newcrest Mining (TSX: NCM; ASX: NCM) were up almost 2% in pre-market trading in Canada, as the miner, Australia's largest gold producer, began trading on the Toronto Stock Exchange (TSX).The stock was up 1.8%, or 56 ?, to $30.25, as gold prices regained part of the ground lost following a sharp pullback on Oct. 13, and managed to reclaim the key US$1900 per oz. mark.Gold miners have bene...Read More
A group of Indonesian state-owned companies will form a venture to make batteries to power electric vehicles, the Mining Industry Indonesia (MIND ID) chief executive said on Tuesday.Read full newsRead More
Gambier Gold Corp. (TSX-V: GGAU) is pleased to announce that it intends to complete a non-brokered private placement to raise gross proceeds of up to $450,000 by way of the issuance of up to 3,000,000 units of the Company at a price of $0.15.Read full newsRead More
Initial JORC compliant Inferred Mineral Resource estimate of 88.6koz at 7.47g/t goldRead full newsRead More
Sentinel Resources Corp. is pleased to announce that it has acquiRead full newsRead More
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TORead full newsRead More
Company Hires Project Geologist ~VanGold Mining Corp Country ManaRead full newsRead More
At the height of the GFC investment bankers used an acronym to shield themselves from their own actions. IBGYBG.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 - Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW / TSX-V:SIM / FRA: WK3D) (the "Company" or "Siyata") is pleased to announce the appointment of LaRue Martz as US VP Sales for the Company's Uniden (R) cellular signal booster portfolio effective immediately.Mr. Martz is an experienced sales executive with a demonstrated history across various leading telecommunications companies, such as N...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to report additional chemical assays from the summer drilling program at the Hurricane zone. The Hurricane zone is a recent discovery of high-grade uranium mineralization on the Company's 100% owned Larocque East property (the "Property") in the Eastern Athabasca Basin of Saskatchewan (Figure 1).Highlights:Chemical assays...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
Total production was 78,959 ounces of gold, 171,825oz of silver and 18.2 million pounds of copper for 115,536oz of gold-equivalent.Read More
It said the hoist rope had detached from the skip during routine maintenance on Friday and the skip, or ore bucket, plunged to the bottom of the shaft.There were no injuries and all personnel were safely evacuated, Hudbay said."An inspection of the damage to the shaft is underway and it is expected to take several weeks to fully assess the damage and the remedial work needed," the company said.Hud...Read More
(IDEX Online) - Diamonds discovered at a gold deposit in Canada hint at a large and untapped reserve, say researchers.They are in sediments that are "an exact analog" of those in South Africa's famous Witwatersrand Goldfields, replicating the extremely rare combination of gold and diamonds in the same place.Experts from the University of Alberta were astonished by the find at outcrop at Nunav...Read More
(IDEX Online) - Alrosa boss Sergei Ivanov has told Russia's President Vladimir Putin he's "confident" of a deal to sell millions of carats of rough to the government's Gokhran - its precious metals and gems repository.Such an arrangement would provide a lifeline for the miner, which is only now recovering from months of dismal sales as a result of the global pandemic.The Alrosa CEO...Read More
(IDEX Online) - British fashion designer Debbie Wingham created a breathtaking $26m diamond-encrusted party dress for a billionaire birthday girl.It was studded with 15 red diamonds, from one and a half to four carats worth $23.8m in total, plus a host of other gems.Wingham has a reputation for adding extravagant sparkle to cake and couture for the ultra-rich. In 2015 she baked and decorated...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Jefferies said satellite data showed finished copper inventories at Asian smelters had "significantly decreased" in 2020, while inventories at exchanges were also down."Inventories across tracked locations in Asia are down 15% year-to-date and should decrease further into year-end as the Chinese economy is reac...Read More
OceanaGold (TSX: OGC) has implemented the permanent lay-off of 496 employees at its Didipio gold and copper mine, located across the Nueva Vizcaya and Quirino provinces on the island of Luzon, Philippines.Along with the termination of direct employees, approximately 400 people working as contractors are also impacted, according to the miner."The company may be required to implement a second-round...Read More
This week's episode features highlights from the ground-breaking ceremony for Iamgold's C??t?(C) gold project in Ontario. Speakers at the event included Prime Minister Justin Trudeau, Premier Doug Ford and Mattagami First Nation Chief Chad Boissoneau, all of whom emphasized the high paying jobs that would result from the project. The speakers also discussed how the mining industry could play a rol...Read More