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
Global demand for lithium is expected to rise from an estimated 47,300 tonnes in 2020 to 117,400 tonnes in 2024, according to a GlobalData report.Vinneth Bajaj, a senior mining analyst for GlobalData, said the increased demand would drive a corresponding upturn in lithium production over the same period."Lithium metal production is expected to reach 134,700 million tonnes versus 58,800 million ton...Read More
MINING.COM's ranking of the world's 50 largest mining companies based on market value shows an industry recovering from its Covid-19 slump and moving into positive territory for the fourth quarter of 2020.The top 50 most valuable mining companies added US$80.2 billion in market capitalization over the three months to the end of September, thanks to surging gold and silver prices, iron ore prices f...Read More
Japanese miner and smelter Sumitomo Metal Mining is reviewing its strategic options regarding its minority stake in the Sierra Gorda copper mine in northern Chile, majority owned by Polish miner KGHM.The Asian giant announced that selling its 45% holding in the mine was one of the routes to be explored with its financial and legal advisors, RBC Capital Markets and Sullivan & Cromwell LLP.KGHM, Eur...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 resourcesPicking winners is at the heart of the gold mining investment culture.Read More
Late last week President Trump announced that he'd contracted COVID-19, joining 7 million Americans who have also been stricken with the infectious airborne disease. He was hurried to Walter Reed Medical Center via helicopter, where he was treated by a platoon of physicians and a plethora of pharmaceuticals.He was given Dexamethasone (a steroid that calms the immune system to ease breathing), Rem...Read More
Granada Gold Mine Inc's (CVE:GGM) Frank Basa pitches the company to investors at the Proactive One2One virtual event. Granada Gold Mine is a TSX Venture list...Read full newsRead More
FenixOro Gold Corp is pleased to advise that CEO John Carlesso anRead full newsRead More
Renforth Resources Inc. is pleased to inform shareholders that thRead full newsRead More
A.I.S. Resources Ltd. announces that the Company has signed the dRead full newsRead More
David Webster started working on the family market stall when he was 14Read full newsRead More
Meanwhile Tesla is in talks with BHP over nickel supply, Bloomberg reported, as the electric car manufacturer seeks to shore up supply.It follows news of similar talks with Vale after Tesla CEO Elon Musk last month outlined plans for new cells with a high nickel content. Elsewhere, Centerra Gold (TSX:CG) tumbled 15.3% despite saying its remote Kumtor mine was continuing uninterrupted followin...Read More
State and federal bodies had sought the freeze in August as a part-payment to cover damages stemming from the B1 dam collapse in January 2019 which killed 270 people. Vale said the decision took into consideration the miner had "been actively cooperating with the development of the legal proceeding, as well as making efforts and expending financial resources to repair all the damages identifi...Read More
Azure's drilling will follow up on Creasy's RC drilling a couple of years ago that had a best hit of 7m grading 2.6% nickel and 0.65% copper at shallow depths.Read More
(IDEX Online) - Scientists have discovered the largest ever diamonds in outer space - and say they were formed by the enormous heat and pressure of planets colliding.They're convinced that they weren't produced deep beneath the surface of the planet, like diamonds found on Earth.Researchers at Goethe University, Frankfurt, Germany, found tiny extra-terrestrial diamonds, as well as graphi...Read More
(IDEX Online) - A dealer is facing up to 10 years in prison for attempting to bring diamonds into the USA with bogus Kimberley Process certificates.Stanley Tipton, 45, from Ohio, admitted violating the Clean Diamond Trade Act in a prosecution that "sets an international precedent," according to the US Attorney's Office.He told an undercover Homeland Security Investigations (HIS) special agent...Read More
(IDEX Online) - A Japanese collector paid $15.7m for a 102-carat, D-color, flawless diamond - a record high price for a gem in an online auction.But it was nowhere near as much as experts had predicted. Before Monday's sale by Sotheby's Hong Kong, there was speculation that the exceptionally rare diamond, offered without reserve, could fetch over $30m.Nevertheless, it smashed the p...Read More
Preliminary economic assessments (PEAs) on standalone operations at Corvus Gold's (TSX: KOR; US-OTC: CORVF) North Bullfrog and Mother Lode projects in southwestern Nevada suggest potential for the junior to be the first producer in the Bullfrog mining district, from first developing 'high margin' North Bullfrog, with a potential second operation at Mother Lode.At North Bullfrog, the latest mine de...Read More
Osisko Gold Royalties (TSX: OR; NYSE:OR) has announced the spin-out, through a reverse-takeover transaction (RTO), of Osisko Development. The newly formed developer will hold the past-producing Cariboo gold project in B.C. and the San Antonio gold asset in Mexico's Sonora state, in addition to other mineral assets and a portfolio of equity positions in publicly listed companies.To execute this tra...Read More
Share this articleTORONTO - Canadian precious metals miner Yamana Gold Inc. says its shares will begin trading next week on the London Stock Exchange.The Toronto-based company is currently listed on the New York Stock Exchange and the Toronto Stock Exchange.Trading will begin Tuesday under the stock symbol AUY.The company says the listing will give British and European investors exposure to a pure...Read More
Brigadier Gold Limited is pleased to announce results from recentRead full newsRead More