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
Tech and pharma may be getting the attention these days, but three mining billionaires are quietly padding their fortunes with an investment that's decidedly more old school.Read full newsRead More
KORE Mining Ltd. (TSXV: KORE) (OTCQB: KOREF) (Read full newsRead More
Speculators' net short U.S. dollar positioning soared to the highest level since August 2011, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.Read full newsRead More
Speculators' net short U.S. dollar positioning soared to the highest level since August 2011, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.Read full newsRead More
Chile's environmental watchdog said it would charge BHP's (NYSE, LSE: BHP) Escondida copper mine, the world's largest, with drawing more water than its permits allowed for nearly 15 years.The Superintendency of the Environment (SMA) said the operation has caused a decrease in the water table levels greater than 25 cm, which is the allowed limit in the Atacama desert, the world's driest, where Esco...Read More
Kirkland Lake Gold (TSX, NYSE: KL; ASX: KLA) on July 30 reported strong financial and operating results for the second quarter of 2020, despite disruptions caused by Covid-19.Adjusted net earnings came to US$219.3 million, or 79 ? per share, double the Q2 2019 level of US$109.8 million, or 52 ? per share, and 22% higher than the US$179.2 million, or 70 ? per share, recorded for the previous quarte...Read More
Prices for round polished diamond were largely static for the "bread and butter goods" - sizes between 0.70-1.99 cts - in July. Fancies under four carats sustained a number of losses. There wasn't a single movement among one-carat rounds (1.00-1.24 cts) and slightly larger and smaller stones - 0.90-0.99 cts and 1.25-1.49 cts - barely moved. But there were discernible trends among some ot...Read More
We're in this mess because of a lack of long-term planning. Do I mean the fiscal crisis facing this country or the health crisis? Yes. In a time where rapid money printing has gone hand-in-hand with a pandemic to bring the economy to a grinding halt, it seems like unified leadership is a pipe dream at best. Instead, the people responsible for trying to get us through this are content to point...Read More
July 30, 2020 (ACCESSWIRE via COMTEX) --VANCOUVER, BC / ACCESSWIRE / July 30, 2020 / Renaissance Gold Inc. (TSXV:REN)(OTCQB:RNSGF) (Read full newsRead More
America puts biogas at the heart of rural recovery Biogas production is to be at the heart of a $10 million study into how to boost 'struggling' rural economies while protecting the environment. The new federal grant from the...Read full newsRead More
Look for these qualities to navigate an economic downturn.Read full newsRead More
Demand continues to grow as pandemic drags onRead full newsRead More
Demand continues to grow as pandemic drags onRead full newsRead More
Brigadier Gold Limited is pleased to announce that it has appointRead full newsRead More
MacDonald Mines Exploration Ltd. announces the results of its 202Read full newsRead More
VANCOUVER, BC, July 28, 2020 /PRNewswire/ -- First Mining Gold Corp. ('First Mining' or the 'Company') (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG), ...Read full newsRead More
North Dakota oil producers face new pressures to delay bringing back more of their recently curbed output after a U.S. court ruling this month put in jeopardy the pipeline that transports most of the region's oil, executives and analysts said.Read full newsRead More
Newmont (NYSE: NEM, TSX: NGT) said on July 29 that higher gold prices helped generate significant free cash flow in the second quarter of 2020.The world's largest gold miner's adjusted net income for the June quarter was $261 million, or 32 ? per diluted share, compared with $92 million, or 12 ? per diluted share, in the prior-year quarter. The results topped analysts' estimates of 31 ? per share....Read More
Mining is a wealth-creation industry that produces the metals and minerals essential to every sector of our economy. For instance, in 2018, Canada produced over 60 minerals and metals from almost 200 mines and 6,500 sand, gravel, and stone quarries valued at $47 billion, according to Natural Resources Canada.Mineral exploration is at the front end of the mining industry, and the discovery of new o...Read More
Share this articleTORONTO - Centerra Gold Inc. is boosting its quarterly dividend by 25 per cent after reporting that earnings soared in its latest quarter on a 21-per-cent boost in revenues.The Toronto-based mining company says it will pay five cents per share, up from four cents.Centerra earned US$80.7 million or 27 cents per share in the second quarter, up from US$33.4 million or 11 cents per...Read More