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

Trump posted a video a short while ago, thanking everyone at the "incredible" Walter Reed military medical centre and the enthusiastic supporters waiting outside.The gold price has zig-zagged around the US$1,900 mark over the past 24 hours and was just 20c below the psychological benchmark at the time of writing.The copper price slid on Thursday as China began a week-long holiday but closed u...Read More

The non-renounceable pro-rata entitlement issue is pricing new shares at 10c each.Each new share will come with an option exerciseable at 18c before November 2021.TNG needs an estimated $824 million to develop Mount Peake, with the 37-year, 2 million tonne per annum project said to be capable of generating pre-tax net annual operating cashflow of $359 million.Last month TNG appointed KPMG as its f...Read More

The AIM-listed company was forced to shut down Sasa mid-September after leaking around 8,000 cubic metres of tailings material into a local river.Read More

Share this article A rare white 102.39-carat oval diamond mined in Canada has been sold in Hong Kong for the equivalent of $20.9 million.Sotheby's says the diamond's new owner, an unnamed collector in Japan, named the stone the "Maiko Star" for his second daughter after he won it with a bid made by phone to the auction house's Hong Kong location.It says the same buyer last year named another impo...Read More

Share this article CENTENNIAL - NioCorp Developments Ltd. is applauding an Executive Order issued by the White House this week providing several potential pathways for greater U.S. Government support of critical minerals mining and value-added supply chains.The Executive Order, signed on September 30, 2020 by President Donald J. Trump, declares that "it is the policy of the United States ... [to]...Read More

(IDEX Online) - The IDEX Polished Diamond Price Index rose gradually through September, closing the month up 0.8 per cent. That's an encouraging sign, especially after the 0.6 per cent rise in August, suggesting more of a positive trend than an isolated blip. It's also worth noting that the Index showed most growth in the last five days of the month, which may indicate the recovery...Read More

(IDEX Online) - A lawsuit against Octea, a subsidiary of Israeli diamond and real estate billionaire Beny Steinmetz's BSG Resources (BSGR), has been thrown out by a court in Sierra Leone.The High Court ruled last Wednesday that it was beyond its jurisdiction to hear the case and lifted a freeze on the defendants' assets.Lawyers claimed in February that an Octea-owned mine in the east of...Read More

(IDEX Online) - Workers at Canada's Ekati mine have reportedly been fired, seven months after operations were suspended because of COVID-Dominion Diamond Mines filed for insolvency in April and announced last month that being it was being bought by associates of its parent company The Washington Companies. "While this was an incredibly difficult decision, we simply cannot responsibly sta...Read More

An updated resource estimate for Caldas Gold's (TSXV: CGC) Juby gold project in Ontario, 15 km from Gowganda, features two open-pit deposits, with a total of 21.3 million indicated tonnes grading 1.13 grams gold per tonne, and 47.1 million inferred tonnes at 0.98 gram gold per tonne.According to Caldas, the latest estimate has been updated to account for regulatory requirements, such as including...Read More

Osisko Metals (TSX: OM) has released assay results for four holes completed at the Central zone, around the O53 deposit, within its past-producing Pine Point zinc and lead project in the Northwest Territories.The drill holes, which returned high-grade intercepts from areas outside of the pit-constrained resource model, were designed to determine the vertical extent of the mineralization in the cor...Read More

The U.S. government is taking a US$25 million equity stake in Dublin-based battery metals miner TechMet, as part of a push by President Donald Trump to reduce the country's reliance on supply chains dominated by China.The backing from the US$60 billion U.S. International Development Finance Corporation (DFC) will help TechMet develop a nickel and cobalt mine in Brazil. Both metals are key in the p...Read More

The Dow Jones Industrial Average rose 1.87% to finish the week at 27,682.81 and the S&P 500 Index climbed 1.52% to 3,348.44. Spot gold increased US$37.60 per oz., or 2.02%, to US$1,898.80 per ounce.Shares of Cleveland-Cliffs rose US$1.15 to US$7.03 per share. Cleveland-Cliffs is buying "substantially all" of Luxembourg-based ArcelorMittal's operations in the United States in a US$1.4 billion...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 consumer is seen to be so far removed from the business of discovery, development and extraction of commod...Read More

The S&P/TSX Composite Index rose 0.83% to 16,199.25 during the Sept. 28-Oct. 2 trading week. The S&P/TSX Global Mining Index increased 0.14% to 96.25, and the S&P/TSX Global Base Metals Index climbed 0.78% to 103.67. Spot gold jumped US$37.60 per oz., or 2.02%, to US$1,898.80 per oz., and the S&P/TSX Global Gold Index rose 0.78% to 361.57. Agnico Eagle Mines rose $1.36 to $105.99 per share. The...Read More

The S&P/TSX Venture Composite Index climbed 1.92% to finish the Sept. 28-Oct. 2 trading week at 708.60. Spot gold rose US$37.60 per oz., or 2.02%, to US$1,898.80 per ounce.New Found Gold jumped 72 ? to $2.68 on results from its first drill hole targeting the Lotto zone at its wholly owned Queensway gold project, 15 km west of Gander, Newfoundland. The company recently started a 100,000 metre drill...Read More

The era of price discovery, the business cycle, whatever you want to call markets deciding the real value of something, is over. The Fed killed it.I told you last month that September has a bit of a thing for setting October up to deliver market panics and to expect heightened volatility.On September 21, 2020, the major U.S. indices started the correction I told you would happen. After a 900-point...Read More

Centamin Plc on Friday forecast a fall in annual production as the gold miner delayed some open-pit mining operations at its key Sukari mine in Egypt for safety reasons.Read full newsRead More

NEW YORK, Oct. 1, 2020 /PRNewswire/ -- Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agend...Read full newsRead More

With the relentless stream of bad news bombarding us these days, we need to take comfort where we can, so it was nice to see evidence that some level of justice can prevail.After a lengthy investigation, the Commodity Futures Trading Commission in the U.S. has fined JPMorgan Chase & Company and its subsidiaries, JPMorgan Chase Bank and J.P. Morgan Securities LLC, US$920 million for market manipula...Read More

(IDEX Online) - Organizers of the ill-fated Baselworld have announced details of its successor, HourUniverse.And they have revealed the event's tag line - It's We Time -  to the amusement of some in the trade press.MCH Group describe HourUniverse in a press release as "a hybrid platform that serves the watch, jewellery and gemstone community with a year-round, modern digital of...Read More