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
ALX Resources Corp. is pleased to announce that a follow-up prospRead full newsRead More
The last time we caught up with Peter Ball, President & CEO of NV Gold (NVX.V), we were zooming in on the Exodus gold property in British Columbia which the ...Read full newsRead More
VANCOUVER, British Columbia, Oct.08, 2020(GLOBE NEWSWIRE) -- Mission Ready Solutions Inc. ("Mission Ready" or the "Company") (TSXV: MRS) is pleased to...Read full newsRead More
Australian gold miner Northern Star Resources on Tuesday offered to buy smaller peer Saracen Mineral Holdings in an agreed A$5.76 billion ($4.14 billion) deal that will create a global top-10 gold miner by market value.Read full newsRead More
Australian gold miner Northern Star Resources on Tuesday offered to buy smaller peer Saracen Mineral Holdings in an agreed A$5.76 billion ($4.14 billion) deal that will create a global top-10 gold miner by market value.Read full newsRead More
Vancouver, BC, Canada, October 7, 2020 - LEAF Mobile Inc. (TSX.V : LEAF) ("LEAF" or the "Company") announces that it has entered into a letter of intent (the "LOI") dated October 6, 2020 with East Side Games Inc. ("East Side Games").AcquisitionPursuant to the LOI, LEAF will acquire all of the securities of East Side Games (the "Acquisition") for $150 million (the "Purchase Price"), the payment...Read More
Brexit talks continue ahead of an October 15 deadline for a trade deal and China returns from a week-long holiday tomorrow.Gold is similar to this point yesterday, at $1,887 an ounce on the spot market, while US Global Investors CEO Frank Holmes has reportedly maintained his prediction of $4,000/oz.Junior Troubadour Resources (TSXV: TR) was the standout in Toronto.The company closed up 128.6% to C...Read More
German fertilizer producer K+S AG has sold its Americas salt unit to the Kissner Group for US$3.2 billion, a move that would provide the company with funds to pay down debt.The sale of Morton Salt comes a decade after K+S acquired it for US$1.7 billion. It was triggered by a drop in potash prices, which undermined the debt-financing of the company's new potash mine in Canada, called Bethune.The pr...Read More
Starting on Canada's west coast, Dolly Varden Silver (TSXV:DV) said step-out drilling from the current resource at the brownfields Torbit mine in British Columbia had intersected several high-gradeRead More
Copper production at CAML's Kounrad mine in Kazakhstan was down 3.9% year-on-year but the 3,993 tonne total was ahead of analyst expectations.Read More
(IDEX Online) - Edward Asscher, president of the World Diamond Council, has responded forcefully to criticism of the Kimberley Process.In a Memo written for IDEX Online he defends KP, founded almost 20 years to stop African rebels trading in blood diamonds.He responds to accusations levelled by industry veteran Jacques Voorhees, that controlling the movement of diamonds was "laughable as a solutio...Read More
(IDEX Online) - Mine workers have called off strike action at Petra Diamonds, in South Africa, after both sides agreed a pay deal.Debt-ridden Petra upped its original offer of four cent and will now pay employees an increase of 5% or 5.5%, plus one-off payments of between $300 and $500 approx.The British miner, which owns the famous Cullinan mine, has put itself up for sale as its debts mounts and...Read More
(IDEX Online) - Happy couples are spending more on engagement rings during the pandemic, say US jewelry retailers.They're saving cash on weddings and honeymoons because of coronavirus restrictions, so they can splash out on a more expensive stone. The pandemic has also seen more couples take a long, hard look at their relationship and decide it's time to commit to marriage.More than...Read More
(IDEX Online) - Diamond traders from Israel are flocking to set up offices in Dubai, after the historic signing of a normalization agreement.Thirty-eight Israelis have approached the Dubai Multi Commodities Centre (DMCC), home to the Dubai Diamond Exchange.Dubai and Israel are both among the world's top five centers for diamond trading (the others are Belgium, India and China).But until now d...Read More
American Pacific permitted to realise $2bn in valueSPONSOREDamerican pacific borate and lithiumPantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRamelius now among WA gold frontrunnersSPONSOREDramelius resourcesThe provisional agreement, which is expected to form the basis of a binding SPA in about a month - COVID-...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The company said it did not expect a material impact on operations, including production or shipment of concentrate.Read More
American Pacific permitted to realise $2bn in valueSPONSOREDamerican pacific borate and lithiumPantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRamelius now among WA gold frontrunnersSPONSOREDramelius resourcesThe company welcomed recent moves by the US to reduce its reliance on foreign adversaries for critical mineral...Read More
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) is investing $6.2 million into Maple Gold Mines (TSXV: MGM; US-OTC: MGMLF) as the two companies announced they've signed an agreement to consolidate two adjacent land packages in Quebec into a 50-50 joint venture.The agreement, a binding term sheet, will combine Maple Gold Mines' 357-sq.-km Douay gold project in northern Quebec with Agnico's adjacent 39-sq....Read More
Equinox Gold (TSX: EQX; NYSE: EQX) has announced an increase in reserves and resources at its Mesquite open-pit heap leach gold mine in California, 56 km east of Brawley and 84 km northwest of Yuma, Arizona.According to the company, estimated proven and probable reserves increased by 142,267 oz. gold as of June 30, up 28% from the previous estimate in December 2019, and now stands at 37.8 million...Read More
Yamana Gold (TSX: YRI; NYSE: AUY) has been officially admitted on the London Stock Exchange, one of the world's oldest markets, where it will begin trading its shares on Oct. 13 under the ticker AUY.The precious metals miner said the listing will give European investors exposure to a pure-play senior gold producer with a portfolio of assets in mining-friendly jurisdictions in the Americas. The Tor...Read More