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

NV Gold Corp. Exodus Gold Project SiteRead full newsRead More

July 16, 2020 (Source) - Granada Gold Mine (TSX.V: GGM) ("Granada Gold" or the "Company") is pleased to report that it ...Read full newsRead More

Company to Advance Exploration on Newly Optioned Property from Abitibi Royalties Targeted to Begin in Late SeptemberRead full newsRead More

Golden Ridge Resources Ltd. is pleased to announce inaugural explRead full newsRead More

Iraq has cut the official selling price (OSP) of its Basra Light crude for September cargoes to Asia, the United States and EuropeRead full newsRead More

The coronavirus pandemic will have an even bigger impact on the global economy and its demand for oil than previously expected, OPEC said.Read full newsRead More

Miner Barrick Gold beat quarterly profit estimates and hiked its dividend on Mondayd, but warned that a prolonged shutdown could jeopardize the long-term viability of its Porgera gold mine in Papua New Guinea.Read full newsRead More

Another 16 U.S. energy firms filed for protection from creditors last month, reflecting crude oil prices below levels that are profitable for many companies, according to a report by law firm Haynes and Boone on Tuesday.Read full newsRead More

Gold was worth almost $1,920/oz on the spot market earlier, having been about $2,104/oz at this time yesterday.Producers Barrick Gold, Kinross Gold and Yamana Gold all lost 9% or more on the Toronto Stock Exchange.Silver, which this week briefly rose over $29/oz for the first time since 2013, was at $25.17/oz on the spot market at the time of writing."Some people have attributed this to the fact t...Read More

J.P. Morgan led the way in what seemed like a competition to replace previously cautious comments about the iron ore outlook with a rash of optimism.Read More

SNC-Lavalin announced in late July it had entered a definitive agreement to sell its South African Resources arm to local management, with the transaction expected to close within weeks. The price was not disclosed.The company has had a presence in sub-Saharan Africa for more than 40 years.The South African business has around 1,800 employees, and describes itself as a leading shutdown contractor,...Read More

(IDEX Online) - Fewer than a third of Surat's diamond factories have returned to work despite Unlock 3.0, an easing of restrictions by authorities in India. Owners have to cover the costs of mandatory COVID-19 rapid antigen tests for all workers and say they simply can't afford it. In addition, many artisans have returned to their rural villages in Saurashtra, and are afraid to return be...Read More

(IDEX Online) - Botswana, the world's top diamond-producing country by value, saw Q2 sales fall by almost two-thirds because of coronavirus.   Pandemic-related travel bans and reduced outputs resulted in sales of just $294m, down 64 per cent from $807m for the same period in 2019, according to Bank of Botswana data.   First quarter sales for 2020, before the full impact of the pande...Read More

Digital platform revolutionizes traditional jeweler business practices NEENAH, Wis. (August 11, 2020) - Jewelers Mutual Group launched the ZingTM platform, created to drive the jewelry industry into the future. The Zing platform empowers jewelers, manufacturers, wholesalers, and others to conduct business digitally. It simplifies pro...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesConsolidated copper production for the June quarter was down 27% from the previous quarter to 18,026 tonnes, reflecting Constancia's suspension to mid-May.Hudbay put Peru production guidance at 65,000-75,000t of copper and 25,000-35,000 ounces of precious metals, down from its earlier forecast of 80,000-95,000t and 45,000-55,000oz...Read More

Horizonte Minerals (TSX: HZM) announced that it is arranging a senior secured project finance facility of up to US$325 million to fund the construction and development of its flagship Araguaia nickel project in Para state in Brazil.A syndicate of five international financial institutions, including BNP Paribas, ING Capital LLC, Mizuho Bank, Natixis, and Soci?(C)t?(C) G?(C)n?(C)rale, will act as th...Read More

Wesdome Gold Mines' (TSX: WDO) Eagle River complex in Ontario churned out 25,142 oz. gold in the second quarter at all-in sustaining costs (AISCs) of US$879 per ounce.According to the company, based on 50,264 oz. generated from the asset in the first half of the year, Wesdome is well-positioned to meet its 2020 production guidance of 90,000-100,000 oz. gold at all-in sustaining costs of US$985-$1...Read More

U.S. Gold (NASDAQ: USAU) is adding a new exploration project to its portfolio through its acquisition of Northern Panther Resource Corporation, which holds the Challis gold project in Idaho.U.S. Gold is currently focused on developing the advanced-stage Copper King project in Wyoming and the Keystone project located in the Cortez Gold Trend of Nevada.Under the terms of the merger agreement, U.S....Read More

Canadian miner Hudbay Minerals (TSX: HBM, NYSE: HBM) posted a US$51.9 million loss in the second quarter, as an eight-week suspension of its Constancia copper mine in Peru weighed on results.The Toronto-based company revised down its production targets for its Peruvian operations to 65,000-75,000 tonnes of copper and 25,000-35,000 ounces of precious metals. Hudbay had earlier forecast 80,000-95,0...Read More

Publisher's Note: After fighting in the trenches of the gold bear market for the past few years, finding success where success was scant, I have the good fortune of a deep network in the gold space. That means I can reach out to people most others can't to get an inside look at what's going on in the world of gold, just like I did with billionaire John Paulson and his recent Big Long on gold. Th...Read More