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
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The first hole of a four-hole program hit 74m at 1.1% copper (plus gold, silver and molybdenum) from 219m, including 41m at 1.9% copper.Read More
Ecuador's highest court has ruled that communities have the right to hold referendums on whether or not proposed large and medium-scale mines can move forward, but said the public can only vote on mining rights not yet granted and not on licenced projects.The constitutional court's decision follows a petition by the government of Cuenca, a city in the country's highlands, to propose questions to a...Read More
Erik BucklandThis week's episode features veteran mining recruiter Erik Buckland, senior client manager at Lincoln Strategy International. Eric says that the difficulty of crossing jurisdictions during the coronavirus pandemic has made it more difficult for mining companies to fill jobs, especially in the United States. He also explains how rare earth projects, with help from the defence industry...Read More
As Canada looks to responsibly develop its mining and minerals industry as part of its economic recovery plan from the Covid-19 pandemic, the government has announced a $4.5-million investment in E2Metrix to help mining operations recycle wastewater and operate more sustainably. The Quebec-headquartered company specializes in the treatment of wastewater.Wastewater for mining operations can often c...Read More
Urging generalist investors to invest in gold equities rather than physical gold or even royalty and streaming companies, Marrone said the uncertain global economic outlook was good for goldRead More
WA gold developer aims to build regional production hubSPONSOREDora banda miningThe 1,500 tonnes per day mill will improve gold recovery from 53% to 93% allowing the company to fully take advantage of deeper gold zones in the deposit.Read More
Omni Commerce Corp. (Read full newsRead More
This release covers the last 20 holes as results from the first 14 holes were reported on July 30, 2020.Read full newsRead More
Loop Insights Releases September Company UpdateRead full newsRead More
Fitch Solutions says global gold production will increase from 106moz in 2020 to 133moz by 2029.Read full newsRead More
Fitch Solutions says global gold production will increase from 106moz in 2020 to 133moz by 2029.Read full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
Producers Kinross Gold (TSX: K) and Calibre Mining (TSX: CXB) both hit 52-week highs in Toronto on Friday, gaining 6.3% and 11.7% respectively.Kinross had announced a three-year 20% guidance boost on Thursday and declared its first dividend since 2013.Gold is up slightly, above US$1,949 an ounce on the spot market.Market futures were pointing lower to start the week following a mainly muted finish...Read More
The company had reported the fatal accident last Monday, saying a kibble bucket had fallen down Shaft 1 and struck the northern side of the working platform, where four employees were conducting routine water-pumping activities.At the time, it said one employee was rescued, two had died but could not be recovered as the conditions were too hazardous and a fourth miner was missing.The rescued miner...Read More
(IDEX Online) - Jewelry professionals can now use their smartphone to take studio-quality photos and 360-degree videos of the items they're appraising.Instappraise, developers of cloud-based jewelry appraisal software is partnering with Picup Media, maker of the GemLightbox jewelry photography tool, to provide technology for appraisers to quickly and easily capture hi-res images to accompany...Read More
(IDEX Online) - Dominion Diamond Mines, which filed for insolvency in April, has sold its Ekati mine, in Canada after receiving a solitary bid.The buyers are part of The Washington Companies, a privately held conglomerate based in Montana, USA, that bought Dominion in 2017 for $1.2bn. Toronto-based Dominion, the world's third largest producer of rough diamonds by value, shut Ekati...Read More
(IDEX Online) - Celebrity jeweler Joseph DuMouchelle, who twice auctioned the engagement ring given by Donald Trump to his second wife, has admitted masterminding a multi-million dollar gem fraud.He tricked a US businessman into investing $12m into a 77-carat diamond known as The Yellow Rose in 2019. DuMouchelle admitted via a videolink to the federal court that he withdrew most of the money...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The JV, controlled by TSX-listed Ivanhoe Mines and China's Zijin Mining Group, will commit around US$100 million towards long-lead items for the plant, of which it estimated $25 million would be spentRead More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The companies said their Chilean affiliates had entered an 11-year power purchase agreement, effective September 1, to provide 100% renewable power to Carmen de Andacollo.Teck said the operation would source 72 Megawatts (550 GWh/year) from AES Gener's growing renewable portfolio of wind, solar and hydroelectri...Read More
Gold-focused royalty and streaming company Maverix Metals (TSX: MME; NYSE-AM: MMX) has entered into a binding agreement with Newmont to acquire a portfolio of 11 gold royalties on preproduction assets in the Americas.In exchange for the portfolio, Maverix will issue 12 million common shares to Newmont (TSX: NGT; NYSE: NEM) and pay the major US$15 million in cash - the two components are valued at...Read More