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
Artemis all set thanks to unique approachSPONSOREDartemis resourcesA solid operational performance at Katanga kept copper production stable quarter on quarter, but production of zinc (-14%), nickel (-4%), ferrochrome (-80%), and coal (-19%) reflected what CEO IvanRead More
Joint-venture partners Agnico Eagle Mines (TSX, NYSE: AEM) and Yamana Gold (TSX: YRI; NYSE: AUY) will begin construction of an underground ramp at their Canadian Malartic open pit mine, 25 km west of Val-d'Or, Que., in August.The Odyssey ramp is expected to take two years to build, and will eventually allow the joint venture to collect a bulk sample of up to 40,000 tonnes, to conduct more tightly...Read More
Centerra Gold (TSX: CG) announced that the company recorded net income of US$80.7 million, or 27 ? per share, for the second quarter of 2020, more than double the US$33.4 million, or 11 ? per share, earned in the prior year.Adjusted net earnings came to US$97.8 million, or 33 ? per share, compared with US$33.4 million, or 11 ? per share, in Q2 2019.Revenues rose to US$412.7 million from US$340.5 m...Read More
Gobitz, currently president of the Institute of Mining Engineers of Peru (IIMP), joined Buenaventura in 2016 from base metal miner Milpo, taking over from Roque Benavides - son of company founder Alberto Benavides - at the helm of the company.At Buenaventura, Gobitz has had to navigate falling gold production and the implementation of an optimisation programme to de-bottleneck the company's operat...Read More
AVZ closes on financing for tier-one lithium projectSPONSOREDavz mineralsSMA is pressing charges against the BHP-operated Escondida copper mine for a reduction in the water table in the Tilopozo sector in the Antofagasta region by more than the maximum acceptable level toRead More
Week 29 (24/07/2020-30/07/2020) Company news Americas Iamgold announces it has restarted its Rosebel gold mine in Suriname, which had been suspended mid-June due to a work stoppage, afterRead More
For weeks, if not months, I've been making the case that stocks are in a bubble...That the Federal Reserve is juicing the market and that valuations aren't commensurate with the reality of our economy.Of course, that kind of thing is hard to prove. At least it was until this morning when I woke up and saw this:You know this guy, right?CNBC's stock gnome?He's the guy always trying to convince peop...Read 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
NEW YORK, July 28, 2020 /PRNewswire via COMTEX/ --NEW YORK, July 28, 2020 /PRNewswire/ -- Already one of the largest and highest-grade gold producing...Read full newsRead More
Emgold Mining Corporation announces that it has completed the nonRead full newsRead More
Brigadier Gold Limited (TSXV:BRG) (FSE:B7LM) (theRead full newsRead More
Newrange Gold Corp. is pleased to provide the first results fromRead full newsRead More
Finlay Minerals Ltd. (TSXV:FYL) (Read full newsRead More
Golden Arrow Resources Corporation (TSXV:GRG) (FSE:G6A) (OTCQB:GARWF), (Read full newsRead More
Commodities Analysis by Ellen R. Wald, Ph.D. covering: Crude Oil WTI Futures, United States Oil Fund, LP, WTI/USD. Read Ellen R. Wald, Ph.D.'s latest article on Investing.comRead full newsRead 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
Vancouver, BC July 30, 2020 - KORE Mining Ltd. (TSXV: KORE | OTCQB: KOREF) ("KORE" or the "Company") announces that the Company has increased its land holding in the Cariboo Gold District ("District") of British Columbia by 330%. KORE is now the dominant land holder of the southern half of the District with Osisko Gold Royalties Ltd's (TSX:OR) Barkerville / Cariboo Gold Project controlling the n...Read More
Jul 28, 2020 (Financial News Media via COMTEX) --FN Media Group Presents Microsmallcap.com Market Commentary New York, NY - July 28, 2020 - Already one of...Read full newsRead More
India's gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday.Read full newsRead More
India's gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday.Read full newsRead More