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

KDP reported a first-quarter earnings and revenue beatKeurig Dr Pepper Inc (NYSE:KDP) is up 6.5% to trade at $27.54, at last check, bouncing off a positive first-quarter report. The beverage name posted earnings of 29 cents per share and revenue of $2.61 billion, higher than Wall Street's estimates of 27 cents per share and $2.55 billion in revenue. Following the news, three analysts raised their...Read More

AMD will announce its first-quarter earnings after the close tonight Chipmaker Advanced Micro Devices, Inc. (NASDAQ:AMD) is getting ready to head into the earnings confessional after the close this evening, and options bulls are already paying attention. So far today, 131,000 calls have crossed the tape, compared to 40,000 puts. The weekly 5/1 65-strike call is by far the most popular, with posit...Read More

Oil prices are once again in the red as wellThe Dow Jones Industrial Average (DJI) is experiencing some serious volatility at midday, giving back triple-digit gains from the morning and currently dancing around breakeven despite positive blue-chip earnings reports. Meanwhile, the Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are currently in the red, with an underperforming tech sector weigh...Read More

MMM beat Wall Street's earnings and revenue estimatesThe shares of 3M Co (NYSE:MMM) are up 4.7% to trade at $160.79, after reporting first-quarter earnings of $2.16 per share and revenue of $8.08 billion, both of which are higher than Wall Street's estimates. The blue chip company cited increased demand for its N95 masks during the coronavirus pandemic, though it also suspended its 2020 outlook as...Read More

HOG reported earnings of 45 cents per shareShares of Harley-Davidson Inc (NYSE:HOG) are up 12.5% to trade at $21.30 after a fiscal fourth-quarter earnings beat. The motorcycle king reported profits of 45 cents per share, much higher than Wall Street's estimated 9 cents per share, though they also announced a lower-than-anticipated revenue -- unsurprising with 50% of their dealerships now closed. F...Read More

JetBlue is the first major U.S. airline to require face coverings for its customers during travel Members of the airline sector have had a tough time digging themselves out of their mid-March trough, and JetBlue Airways Corporation (NASDAQ:JBLU) is no exception. The stock has been trading sideways for the most part, with its early April surge swiftly cut down by the $12 region, and even more press...Read More

The Fed's two-day meeting will kick off later todayDow Jones Industrial Average (DJI) futures are once again signaling a solid push above fair value. A healthy round of upbeat blue-chip earnings reports is fueling the surge, with the likes of 3M (MMM) and Pfizer (PFE) scoring top-line profit beats. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also confidently in the black,...Read More

Gold figures to play a starring role as a store of value as investor expectations on future inflation climb amid global stimulus efforts that have put a flood of cash into the financial system.Read full newsRead More

Most commodity prices rose yesterday on the London Metal Exchange, where copper gained more than 1%.The global number of COVID-19 cases has risen above 3 million, according to Johns Hopkins University, while the World Health Organisation put the figure yesterday about 2.88 million and noted Spain had changed its reporting criteria which meant a decrease of 12,130 cases.The S&P 500 had closed u...Read More

MAG said it would offer about 4.5 million shares to Sprott's 2176423 Ontario Ltd priced at $13.25. "We understand this is Mr.Read More

Share this articleTORONTO - The prime minister of Papua New Guinea is threatening to take over a gold mine operated by Barrick Gold Corp. after operations were suspended there last weekend in the midst of a dispute over renewal of its mining lease.In a social media post, Prime Minister James Marape warns Barrick "don't fight me" as he urges the company to maintain the Pogera mining operation...Read More

ASX-listed Lucapa Diamond Company plans to undertake a nonrenounceable rights issue on a 1 for 5 basis with a free attaching options exercisable at $0.10 each and expiring two years from the date of issue.If fully subscribed, the intended rights issue will raise up to $5.25-million.AdvertisementThe funds will be used to advance the search for the primary kimberlite sources of the high-value Lulo m...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesCopper production for the quarter increased 42.6% to 195,285 tonnes from 136,969t a year ago while gold production increased 39.4% to 68,788 ounces from 49,357oz.Read More

Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click here Consolidated copper sales were 0.7 billion pounds for the March quarter, with the 2020 estimate now put at 3.1Blb based on US$2.30/lb, down from January's 2020 esti...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesIvanhoe said this week underground development at Kakula had accelerated ahead of schedule, with 13.5km completed - 4.2km ahead of plan. The company said a new development record of 1.Read More

With its Cobre Panama mine on care and maintenance since April 7, First Quantum Minerals (TSX: FM) has reduced its copper guidance for the year by 75,000 tonnes to 755,000-805,000 tonnes, with expected gold production falling by 30,000 oz. to 250-270,000 ounces. The forecast depends on officials allowing Cobre Panama to reopen by the end of May, with normal production levels being achieved in late...Read More

This week's episode features Canadian Mining Journal editor-in-chief Alisha Hiyate, who discusses her experience at the Prospectors and Developers Association of Canada (PDAC) conference, as well as how the mining industry is adjusting to the COVID-19 pandemic. She also explains how the diamond industry is being negatively impacted by the breakdown in the supply chain, particularly in regard to th...Read More

The U.S. Department of Energy recently released a roadmap for rebuilding the country's nuclear energy sector, including commitments to bolster domestic production of uranium, increase its enrichment as a fuel source and expand the export market for nuclear technologies.U.S. Secretary of Energy Dan Brouillette unveiled the strategy on April 23. The report: Strategy to Restore American Nuclear Energ...Read More

Peruvian copper mine Antamina, owned by BHP (NYSE: BHP; LSE: BHP) and Glencore (LSE: GLEN), has reported 210 positive cases of coronavirus and said the date to restart operations is still uncertain.One of the largest copper-zinc mines in the world, Antamina produced 101 million tonnes of copper in 2019.The announcement on April 27 comes after six workers at Fortuna Silver Mines' (NYSE: FSM) Cayllo...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 auditBeing stuck in remote Australia with no real knowledge of when I will be allowed bac...Read More