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
ASABA - Urhobo Youth Leaders Association (UYLA) has tasked the Federal Government on the need to address the over 50 years of social-economic neglect of the Urhobo nation, threatening to shut down all oil and gas installations and production in UrhoRead full newsRead More
Barrick Gold Corp said on Thursday it expected a 15% decline in second-quarter gold production due to coronavirus-induced disruptions at an Argentinian mine and a dispute in Papua New Guinea.Read full newsRead More
(IDEX Online) - A New York businessman who allegedly promised investors huge returns from wholesale jewelry deals has been charged with running a $200m Ponzi scheme.Gregory Altieri, 53, lured them with returns of up to 70 per cent within five months on cash used to buy jewelry at closeout prices during the two-year scheme, according to district court papers for the for the Eastern District of New...Read More
(IDEX Online) - Lucara is to sell all its larger rough diamonds through the Antwerp-based HB Group in what it describes as a "groundbreaking partnership".The Canadian miner has a reputation for high-value type IIa diamonds at its Karowe Mine, in Botswana, and was proud to announce its discovery of the 1,758-carat Sewelo (pictured), the world's second largest diamond, last April.It has been st...Read More
(IDEX Online) - Alrosa and De Beers have both reported disastrous Q2 sales - down over 90 per cent - because of COVID-19.The two miners, who account for more than half of all diamonds produced globally, said they'd been by an unprecedented slump in demand.Alrosa's rough sales were down 91 per cent year on year to $74.1m and De Beers' fell 96 per cent to $56m.Both companies hav...Read More
[JOHANNESBURG] French oil giant Total on Friday said it had signed a US$14.9 billion financing agreement for a gas project in northern Mozambique. Read more at The Business Times.Read full newsRead More
There are several ways to get gold exposure, each with their own unique characteristics.Read full newsRead More
Barrick Gold Corp said on Thursday it expected a 15% decline in second-quarter gold production due to coronavirus-induced disruptions at an Argentinian mine and a dispute in Papua New Guinea.Read full newsRead More
To say we live in a time that will be taught in future history classes is an understatement. Not just because of the pandemic, but because America seems to be a country without a clear path ahead of it. It's a time marked by a divided and dysfunctional federal government. It's a time marked by a shrinking influence on the world stage. It's a time marked by slow but certain change in social norm...Read More
Gold's price milestones have kept it in focus for the last couple of weeks, but this time we're focusing on silver. The white metal has made it past the US$1...Read full newsRead More
Spot gold getting higher than comex gold futures. Silver is still in bullish zone. Covid is spreading in nations which have opened after lockdown. Gold and silver are soft just due to vaccine hopes and nothing else. Rest of the factors are all bullish. Gold investment demand from ETF and others will not fall significantly unless there are other safe options. Federal Reserve meeting on 29th July...Read More
Spot gold getting higher than comex gold futures. Silver is still in bullish zone. Covid is spreading in nations which have opened after lockdown. Gold and silver are soft just due to vaccine hopes and nothing else. Rest of the factors are all bullish. Gold investment demand from ETF and others will not fall significantly unless there are other safe options. Federal Reserve meeting on 29th July...Read More
These are becoming key to exploration as companies set targets.Read full newsRead More
Toronto, Ontario--(Newsfile Corp. - July 17, 2020) - FenixOro Gold Corp (CSE: FENX) (OTC Pink: FDVXF) (FSE: 8FD) is...Read full newsRead More
FenixOro Gold Corp (CSE: FENX) (OTC Pink: FDVXF) (FSE: 8FD) common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (Read full newsRead More
Vancouver, British Columbia--(Newsfile Corp. - July 15, 2020) - Altamira Gold Corp.'s (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF) (Read full newsRead More
Texas Governor Greg Abbott crossed the wires and saidRead full newsRead More
RIYADH: Oil markets still have not existed from the 'Corona tunnel' and the OPEC+ production cut deal may extend to the end of 2022, Saudi Energy Minister Prince Abdulaziz Bin Salman said in an interview with Alarabiya. He said that a monthly meeting by the Joint Ministerial Monitoring Committee (JMMC) will be held every month until the oil market sees a full recovery from the pandemic.Read full n...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) announced that it will reduce power supply to townships near the Porgera gold mine to save costs.The company said in a statement from mine operator Barrick (Niugini) Ltd that "due to necessary cost reductions" electricity the mine provides free to nearby communities would only be supplied for 12 hours a day starting on July 17.In May, Barrick cut its original 20...Read More