NewsRoom Articles - MiningNewsWire

TuesdayOct 27, 2026 10:00 am

Russia’s Gold Reserves Dwindle to Multi-Year Lows

Russia’s central bank is selling gold at its fastest pace in more than two decades as the country faces mounting financial pressure from its ongoing war in Ukraine. According to the World Gold Council, the central bank sold another six tons of gold last month, bringing its total sales thus far to 62 tons. At the current rate, the country could record its largest annual gold sell-off since 2000, when it sold 79 tons amid a severe economic crisis. The country’s gold reserves have fallen to approximately 2,265 tons, their lowest level by weight since 2019. Holdings are now more…

MondayOct 26, 2026 9:00 am

Powermax Minerals Inc.’s (CSE: PMAX) (OTCQB: PWMXF) Option to Acquire Melba North Rare Earth Property Adds ‘Important Land Position’ to Adjacent Hopkins Property

Disseminated on behalf of Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) and may include paid advertising. Powermax Minerals, focused on rare earth element projects in North America, has entered into a three-year option agreement to acquire a 100% interest in the Melba North Property The property is underlain by the Clay-Howells Alkalic Rock Complex that is interpreted as a center characterized by LREE-dominant, magnetite-associated and carbonatite-related REE mineralization A 2025 assessment report on the Clay-Howells claim, which included claims listed on the Melba North option schedule, documented 49 samples that returned more than 0.17% total rare earth element oxides (“TREO”)…

FridayOct 23, 2026 10:00 am

Could the Ground Be Shifting Under Precious Metals?

Gold and silver have suffered steep declines from their January 2026 peaks, raising questions about whether the precious metals rally has run its course. However, weakening prices contrast with persistent supply constraints, central bank demand and mounting fiscal pressures, suggesting that the market’s underlying fundamentals may be stronger than recent price movements indicate. Just recently, gold fell from its $5,608 an ounce peak recorded at the start of this year to approximately $4,112, while silver dropped to about $56 from $121.62. Despite the sell-off, data from the World Gold Council shows central banks purchased nearly 289 tons of gold in…

ThursdayOct 22, 2026 10:00 am

BHP Predicts a Structural Copper Deficit from 2028

Vandita Pant, the Chief Financial Officer at BHP, believes that the international copper market could enter a sustained supply deficit from the year 2028. This comes with the increase in annual supply needed by the middle of the 2030s to satisfy growing consumption. Speaking at the recently held FT Metals and Mining Summit in London, Pant explained that the shortfall would be equivalent to the output of eight to ten mines comparable in size to the Escondida mine. Escondida, located in Chile, is currently the biggest producer of the red metal globally. Declining production from existing deposits is already putting…

TuesdayOct 20, 2026 10:00 am

Silver’s Supply Deficit is Poised to Widen on Global Markets in 2026

The global silver market is expected to record another supply deficit this year, as demand continues to outpace available supply. According to the World Silver Survey, this metal’s market could face a shortfall of more than 46 million ounces, quite an increase from the 40.3 million ounces recorded last year. Global mine production is expected to remain broadly flat, while total silver supply could decline by approximately 2%. The persistent imbalance highlights the challenges facing the mining industry, where discovering deposits, securing permits and developing new mines can take years before production begins. Silver's expanding industrial applications are an important…

MondayOct 19, 2026 9:00 am

LaFleur Minerals Advances Beacon Gold Mill Toward Production and Signs Definitive Gold and Silver Purchase Agreement with Ocean Partners

Disseminated on behalf of LaFleur Minerals Inc. and may include paid advertising. LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) owns the fully permitted and refurbished Beacon Gold Mill and tailings storage facility in Val-d’Or, Québec and the nearby Swanson Gold Project, which contains the PEA-stage Swanson Gold Deposit and numerous other gold targets. The Beacon Gold Mill is fully permitted and last operated in early 2023 under a previous operator when the gold price was under US$2,000 per ounce. LaFleur Minerals is working toward restarting gold production at the Beacon Gold Mill in the coming months. Ocean Partners UK Limited (Ocean…

FridayOct 16, 2026 10:00 am

IRENA Chief Says Renewable Energy Offers Cheapest Way to Energy Security

Renewable energy is slowly becoming an increasingly important tool for strengthening energy security, as solar and wind power continue to offer some of the lowest-cost options for electricity generation. Speaking at the recently held WPC Energy Congress, Francesco La Camera discussed Saudi Arabia’s rapid expansion of renewable energy, describing the Kingdom as an emerging leader in the sector within the region and internationally. Recently published data by the Kingdom’s Petroleum Studies & Research Center shows that since 2020, the Middle Eastern Kingdom’s operating capacity for renewable energy has grown significantly, reaching 19.3 gigawatts this year. The expansion supports the country’s…

ThursdayOct 15, 2026 10:00 am

Gold Holds $4,100 Price, But Inflation Presents Downside Risk

While the price of gold continues to exceed $4,100 per ounce, persistent inflation, a strengthening U.S. dollar and rising bond yields could limit further gains. Although the precious metal has recovered from the decline it suffered as last week ended, analysts believe its price must go above $4,200 to establish a stronger bullish trend. Spot gold was trading at around $4,187 per ounce, representing an increase of over 1%. Prices rebounded after dropping lower than $4,100 in the previous week, suggesting that investors remain willing to buy during market pullbacks despite growing economic uncertainty. FOREX.com market analyst Fawad Razaqzada argues…

TuesdayOct 13, 2026 10:00 am

Report Forecasts Doubling of Nickel and Copper Prices by 2035

A recent report highlights that the prices of nickel and copper could potentially double by 2035 as demand from electrification, construction and the global energy transition continues to outpace the ability of miners to add new supply. The report, compiled by Coface, warns that nickel, copper and aluminum markets could face average supply shortfalls of roughly 10 percent of the expected demand by the mid-2030s. Its findings are based on data on consumption, production and pricing from the International Energy Agency, the World Bank, LME, and the U.S. Geological Survey. The company argues that supply growth is likely to remain…

FridayOct 09, 2026 10:00 am

Why the Iran War Has Caused Gold Prices to Drop

Gold is widely considered a safe-haven asset during periods of geopolitical uncertainty. However, since the outbreak of the Iran war, gold prices have fallen by around 13%, surprising investors who expected the metal to benefit from rising tensions. Other major assets have also declined, but not as sharply. The Nasdaq has lost roughly 8% while the S&P 500 is down about 7%. Meanwhile, Bitcoin has fallen only around 2%. Several factors help explain gold’s unexpected weakness. First, the metal had already experienced a remarkable rally before the conflict began, with investors responding to other geopolitical tensions, economic uncertainty and concerns…

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