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
VANCOUVER, BC and DENVER, Sept. 16, 2020 /PRNewswire via COMTEX/ --VANCOUVER, BC and DENVER, Sept. 16, 2020 /PRNewswire/ - SSR Mining Inc. (TSX: SSRM)...Read full newsRead More
TomaGold (TSXV: LOT) is selling its 25% interest in the Monster Lake project to Iamgold (TSX: IMG; NYSE: IAG).Under the sales agreement, Iamgold will pay TomaGold $500,000 in cash and $8 million in shares.Iamgold holds a 75% interest in the Monster Lake project, 45 km southwest of Chibougamau, Quebec."This is a great transaction for TomaGold, as it will allow us to refocus our efforts on explor...Read More
This year was a virtual event, which for many CEOs as well as journalists, meant being stuck to the screen all day in video meetings, without the sanity break the two-minute dash between meeting roomsRead More
Share this articleTORONTO - Shares in Kinross Gold Corp. rose by more than 10 per cent on Friday after it announced it would introduce its first dividend in seven years in view of growing gold production.The news comes as gold prices continue to hover at near all-time record heights above US$1,950 per ounce.Kinross last paid a dividend of eight cents per share in March 2013, suspending it a few mo...Read More
The Flin Flon mining district, which straddles Manitoba and Saskatchewan, hosts Hudbay Minerals' (TSX: HBM; NYSE: HBM) 777 mine.The underground mine, which has been producing base and precious metals since 2004 and employs over 800 people, is approaching the end of its life, with final production slated for 2022. This is a cause of great concern for the local community of Flin Flon.However, Max Po...Read More
Chairman Mao Zedong's famous proclamation that "women hold up half the sky" may be true but certainly not as chief executive officers or in the boardrooms of the corporate world.So it was refreshing to hear the recent news that Citigroup - the third largest bank in the United States - has chosen Jane Fraser as its next CEO. Fraser, 53, started her career at Goldman Sachs in London and then went to...Read More
The suspension of mining activities due to the Covid-19 outbreak in the second quarter of this year will result in a 1.7% decline in global gold production in 2020, says GlobalData.According to the data and analytics company, all the world's top gold producers, including Newmont (TSX: NGT; NYSE: NEM), Barrick Gold (TSX: ABX; NYSE: GOLD), AngloGold Ashanti (NYSE: AU), and Newcrest Mining (ASX: NCM)...Read More
Chile's environmental court has put the final nail in the coffin for Barrick Gold's (TSX: ABX; NYSE: GOLD) giant Pascua-Lama gold-silver project, straddling the Argentina border, which had been on hold since 2013 over environmental concerns.The court dismissed late on Thursday a legal challenge from the company to a 2018 ruling. At the time, Chile's Environmental Protection Agency (SMA) ordered th...Read More
BHP (NYSE: BHP; LSE: BHP) acknowledged on Thursday it was aware of Australian Aboriginal groups' concerns about the future of dozens of heritage sites before it sought and obtained approval to destroy them, as part of a US$3.4 billion expansion of its South Flank iron ore project.The company, the second major miner to appear at a federal parliamentary inquiry investigating Rio Tinto's (NYSE: RIO;...Read More
Hours before a patchwork federal police force dispersed protesters from the White House with tear gas so Donald Trump could have his picture taken with a bible, the Defense Department's lead military police officer sent out a call for a "heat ray" that could be used to scorch the skin of American citizens.The weapon, known as an Active Denial System, is a form of directed-energy weapon (or laser w...Read More
Nexus Gold Corp. is pleased to provide a corporate update to sharRead full newsRead More
Bold Ventures Inc. is pleased to announce that an exploration perRead full newsRead More
Commander Resources Ltd. is pleased to report that Maritime ResouRead full newsRead More
Cashed Up, Covid, and Projects. Brian McEwen is VP of Exploration & Development Golden Arrow Resources Corp. Guest's website: https://goldenarrowresources.co...Read full newsRead More
NUMINUS WELLNESS INC. (TSX-V:NUMI)Numinus Wellness Inc. (TSX-V:NUMI) is positioned to become a market leader in psychedelic medical treatments. The company is at the forefront of this exciting, emergent industry.Following 50 years shut out in the regulatory wilderness, psychedelic-assisted pRead full newsRead More
Analytical results for final four holes expected mid-October 2020 Alianza Minerals Ltd. (TSX-V: ANZ, OTC: TARSF) ("Alianza" or the "Company") reports results from holes 4, 5 and 6 of the 10 hole 2020 reverse-circulation ("RC") drilling program at the Horsethief Gold Property, Nevada. This work is funded by partner Hochschild Mining (US), a subsidiary of [...]Read full newsRead More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to report additional intersections of strong radioactivity and initial chemical assays from the on-going 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...Read More
Why we could be seeing a short-term opportunity to buy this UK share at a better price just before a recovery in earnings. The post Forget gold! I think UK shares like this one can help me make a million appeared first on The Motley Fool UK.Read full newsRead More
Speaking to Mining Journal at the Beaver Creek Precious Metals Summit - held virtually this year - Euro Sun's CEO Scott Moore said the company, already listed on the TSX, would list on the main marketRead More
BHP (NYSE: BHP; LSE: BHP) has told Australian Aboriginal groups to freely speak their mind about the way it manages cultural heritage as the miner readies to appear before a federal inquiry following Rio Tinto's (NYSE: RIO; LSE: RIO) destruction of two 46,000-year-old sacred shelters.Both companies have been criticized for having gag clauses in land agreements preventing traditional owners from pu...Read More