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
The AIM-listed company was forced to shut down its plant on Monday after around 3,000 cubic metres of tailings material leaked into a local river.Read More
Share this articleVANCOUVER - Mining company Teck Resources Ltd. says it is making another step on its vow to be carbon emission neutral by 2050 by signing a long-term renewable power purchase agreement for its Carmen de Andacollo copper mine in Chile.Under the agreement, the mine will source 72 megawatts (550 gigawatt-hours per year) from AES Gener's renewable portfolio of wind, solar and hydroel...Read More
(IDEX Online) - The Israel and Dubai diamond exchanges today signed an historic agreement to collaborate, following normalization of relations between the two countries earlier this week.The Dubai Multi Commodities Centre (DMCC) will open an office in Ramat Gan as part of the agreement, and The Israel Diamond Exchange (IDE) will open a representative office in Dubai, UAE.Both sides will share expe...Read More
(IDEX Online) - Diamond tech firm Sarine has joined forces with the National Gemstone Testing Center (NGTC) in China to offer "light performance" grading reports.They go beyond the 4Cs and measure brilliance, sparkle, fire and light symmetry, on a scale for inimum to exceptional, resulting in an overall light performance grade. The collaboration combines Sarine's development in AI-based...Read More
With large-scale deposits hard to find, much has been made of the size of Kamoa-Kakula, Ivanhoe Mines' (TSX: IVN; US-OTC: IVPAF) project on the central Africa copper belt straddling the Democratic Republic of Congo (DRC) and Zambia.A recent note by BMO Capital Markets compares Kamoa-Kakula to the world's ten largest copper mines based on 2019 production numbers to offer perspective on mining finan...Read More
Teck Resources (TSX: TECK.A/B; NYSE: TECK) has signed a long-term agreement that will provide its Carmen de Andacollo copper operation in central Chile with 100% renewable power, eliminating 200,000 tonnes of greenhouse gas (GHG) emissions - the equivalent of taking 40,000 cars off the road - annually.Under the agreement with AES Corp., the operation will be supplied with 72 MW per year from AES's...Read More
Magna Gold (TSXV: MGR; US-OTC: MGLQF) has released the results of a preliminary feasibility study (PFS) on its San Francisco mine, acquired earlier this year, in Mexico's Sonora state.The study suggests a 16,875 tonne per day heap-leach operation, using existing processing capacity, generating an average of 69,000 oz. gold per year between 2021 and 2027 at all-in sustaining costs (AISCs) of US$1,2...Read More
Auroch taps into further nickel potentialSPONSOREDauroch mineralsAVZ closes on financing for tier-one lithium projectSPONSOREDavz mineralsElement 25's Butcherbird on songSPONSOREDelement 25Waihi District, a Golden Opportunity in New Zealand SPONSOREDoceanagoldLarge-cap diversified producers and gold exposure has been the default setting for individual Australian resources industry investors.Read More
Empty trucks, empty technology, and empty promises.(And hookers, read on)That's exactly what Hindenburg Research accused Nikola Motors (NASDAQ: NKLA) of in a scathing short report last week called Nikola: How to Parlay An Ocean of Lies Into a Partnership With the Largest Auto OEM in America.The high-flying electric car company - which has seen 200% gains in the last six months - was called an "int...Read More
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"We are the first major company that's set out to do this, and we aim to be the first to achieve it," says Google CEO Sundar Pichai.Read full newsRead More
A German bioenergy company's reboot would make ethanol and renewable natural gas, though questions remain about its life-cycle climate and environmental impacts.Read full newsRead More
New Pacific is exploring and developing projects in Bolivia.Read full newsRead More
Miner reveals first production now planned for 2021.Read full newsRead More
FireFox Gold Corp. is pleased to announce that it has added two nRead full newsRead More
Vancouver, BC - Summa Silver Corp ("Summa Silver" or the "Company") (CSE: SSVR, Frankfurt: 48X) is pleased to announce that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC) in the United States.To date, ten drill holes have been completed at the Hughes silver-gold property and two are in progress with two core rigs in full oper...Read More
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.VANCOUVER, British Columbia, Sept. 15, 2020 (GLOBE NEWSWIRE) -- Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSXV: SGN) is pleased to announce it has closed the first tranche of a C$6 million offering as announcedRead full newsRead More
The MineConnect website (www.mineconnect.com) serves as a one-stop portal where mining companies can search out whatever resources or supplies they need.MineConnect, formerly known as the Sudbury Area Mining Supply and Services Association (SAMSSA for short), launched a re-branding initiative earlier this year aimed at making its 174 member companies "Suppliers of Choice to the World," says Execut...Read More
Fourteen, or nearly half, of the Toronto Stock Exchange's 30 top performers on the TSX30 2020 ranking are mining companies, TMX Group reported on Tuesday.The ranking showcases TSX's 30 top-performing stocks that represent sustained excellence over the long-term. Founded in 2019, the TSX30 ranks stocks based on dividend-adjusted share price appreciation over a three-year period.Mining companies in...Read More
Luckily for the world's second biggest mining company, the self-inflicted wounds in Australia have occurred at a time of peak prices for Rio Tinto's all-important iron ore division.Read More