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

VANCOUVER, British Columbia and TORONTO, April27, 2020(GLOBE NEWSWIRE) -- Silvercorp Metals Inc. ("Silvercorp") (TSX/NYSE American: SVM) and Guyana...Read full newsRead More

Morgan Stanley downgraded the blue chip to "underweight" from "equal weight"Shares of Caterpillar Inc. (NYSE:CAT) are down 2.5% to trade at $111.11, after a downgrade from Morgan Stanley to "underweight" from "equal weight," and a price-target cut to $93 from $107. The analyst predicted increasing pressure from a multi-year downturn in U.S. non-residential construction, as well as historically wea...Read More

Deutsche Bank's preliminary first-quarter numbers exceeded analysts' expectations The shares of financial name Deutsche Bank AG (NYSE:DB) are surging this morning, up 10.8% at $6.59, after the company announced on Sunday its preliminary first-quarter report. The German-based bank said it expected a quarterly net income of 66 million euros, or $71.42 million, on revenue of 6.4 billion euros, or $6....Read More

AutoNation plans to give back $77 million from its small-business loanThe shares of AutoNation, Inc. (NYSE:AN) are on the rise after the automotive retailer said it will return $77 million it had previously received from the U.S. Paycheck Protection Program (PPP). Following cost-cutting measures and a revision of the loan program's guidelines, AutoNation came to the conclusion of returning the for...Read More

Oil prices are sitting out the broad-market rally today, thoughDow Jones Industrial Average (DJI) futures are ready to start the final week of the month with a triple-digit move above fair value this morning. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also getting a lift, as optimism builds that parts of the U.S. economy will be phased into reopening soon. New York Gover...Read More

As of now, a couple of things are looking different with respect to the 2007-2009 bear market and this year's plunge in both the economy and the stock market: The Fed has acted much more aggressively in cutting rates, and massive stimulus packages have come much sooner, unlike how the slower-moving financial crisis unfolded. This is likely because the pandemic-related crash in the economy was deep...Read More

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF |FRA:WK3D) (the "Company" or "Siyata") is pleased to announce the launch of the 4G/LTE UR5 rugged device for the first responder and enterprise mobile workforce. The UR5 is "Rugged and Ready" to handle the most vigorous work environments encountered by enterprise workers and first responders on the front line of defense.The UR5 i...Read More

Shares of gold miners and funds dealing in the precious metal have rallied in recent weeks as the coronavirus crisis rocked global markets and investors raced to buy safe-haven assets.Read full newsRead More

The company previously set full-year mining services EBITDA guidance at $280-300 million.Read More

Share this articleVANCOUVER - Silvercorp Metals Inc. says it has struck a deal to buy Guyana Goldfields Inc. in a cash-and-shares transaction worth about $105 million.The two Canadian miners say the transaction will create a diversified company by combining Silvercorp's two underground silver mining operations in China with Guyana Goldfields' Aurora gold mining operation in Guyana.Guyana Goldf...Read More

(IDEX Online) - Christie's sold over $1.3m of jewelry at its latest online auction, with no sign of bidding being dampened by coronavirus.The auction house said the number of unique visitors online had nearly doubled, compared with a similar sale a year ago, and almost 40 per cent of sales were to new customers. Four fifths lots sold above their high estimates.The 12-day sale attracted bidder...Read More

(IDEX Online) - A jewelry consultant sold a $16,000 engagement ring while working from home during the coronavirus lockdown. Shenae Comer, a Kay employee from Washington state, spent 90 minutes on the phone with the buyer and was able to discuss details and show him detailed pictures online, before arranging to have it shipped to his home. She's been working from home as part of the company&#...Read More

Seabridge Gold (TSX: SEA; NYSE: SA) has released the results of an updated preliminary economic assessment (PEA) on its KSM gold-copper project, 65 km northwest of Stewart, British Columbia.The latest study suggests a large underground block cave mine at the Iron Cap deposit, with one-third of the planned production sourced from open pits at the site. This approach is the opposite of that in the 2...Read More

Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has completed 13.5 km of underground development - 4.2 km ahead of plan - at its Kakula copper project in the Democratic Republic of Congo (DRC), and says it will bring the deposit into production on time and budget by the third quarter of 2021.Another 29.5 km of underground development must be completed before first concentrate production in 2021, and Ivanh...Read More

Silvercorp Metals (TSX: SVM; NYSE: SVM) is buying Guyana Goldfields (TSX: GUY) in a $105 million (US$75 million) cash and stock deal that creates a diversified precious metals producer with two silver mines in China and a gold operation in Guyana.The Vancouver-based miner, which currently produces silver, lead and zinc from mines in China, will give Guyana's shareholders the option to receive 60 ?...Read More

Bluestone Resources (TSXV: BSR; US-OTC: BBSRF) has raised $92 million in a bought deal financing to advance its flagship Cerro Blanco gold project in Guatemala.Under the agreement, a syndicate of underwriters purchased 52.58 million common shares in the company at $1.75 per share. The deal includes the exercise, in full, of an over-allotment option of an additional 6.86 million shares at the of...Read More

Rio Tinto ( NYSE: RIO; LSE: RIO) will spend a further A$9.2 million (US$5.9 million) on exploration at the Citadel copper-gold project, a joint venture with junior Antipa Minerals (ASX: AZY), in Western Australia's Paterson province.The budget earmarked for this year is well above the previous commitment of A$2 million (US$1.3 million) put forth in January, when Rio Tinto earned 51% of the project...Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesHow mining companies can reduce equipment purchasing cost and improve qualitySPONSOREDtechnical auditOver the past five weeks, the nickel price has risen by 10% from a low of US$5 per p...Read More

(IDEX Online) - The two-man crew of plane that crashed collecting workers for the Ekati diamond mine, in Canada, died because of instrument failure compounded by pilot error, says a report. Pilots Will Hayworth and Zach McKillop came down in their eight-seat Air Tindi King Air 200 in January 2019. "The accident was not survivable," says a newly-released report into the accident by the Transpo...Read More

JOHANNESBURG (miningweekly.com) – Opencast mines are permitted to return in phases to 100% operation from May 1 but underground mines must continue at 50% of production capacity, Trade and Industry Minister Ebrahim Patel said on Saturday.Speaking during a media briefing covered by Mining Weekly on South Africa’s easing from the current Level 5 lockdown stage to Level 4, Patel said: &ld...Read More