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
Jefferies downgraded Anthem stock to "hold" from "buy," and cut its price target to $257After yesterday's pop for insurance providers, traders are pulling back from Anthem Inc (NYSE:ANTM) this morning. The stock is trading down 0.8% at $244.99 on a downgrade from Jefferies to "hold" from "buy." The analyst also cut its price target to $257 from $354, adding that the insurance stock is the most ex...Read More
The Fed announced a $2.3 trillion lending plan for the economyIn the wake of yesterday's outsized gains, Dow Jones Industrial Average (DJI) futures fought their way into the black, after paring triple-digit losses from earlier this morning.Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are sitting just below fair value, as investors unpack the 6.6 million rise in weekly jobless...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") announces a significant increase in revenue-generating work orders for retail connections from its channel partners. As a result, the Company has a clear path to improved profitability, as work orders convert to revenue-generating integrations with retailers Amazon.com, Inc. (NASDAQ: AMZN), Mercado Libre (NASD...Read More
Amid the current coronavirus crisis, could these 3 ASX gold shares be a good long-term buy? The post Can ASX 200 gold shares boost your returns amid the coronavirus crisis? appeared first on Motley Fool Australia.Read full newsRead More
US president Donald Trump has indicated the country would be opened up again "sooner rather than later"."Our economy will BOOM, perhaps like never before!!!" he tweeted earlier.The S&P 500 closed up 3.4%, London's FTSE 100 lost 0.47% and Japan's Nikkei 225 gained 2.13% after the government approved a stimulus package this week worth almost US$1 trillion.There are now more than 1.35 million con...Read More
Chairman Greg Martin, who assured shareholders attending the Iluka's virtual annual general meeting that he had shaved and gotten out of his pyjamas, said the company's initial plan was to provide an update on the timing of the demerger.However, Martin said the travel restrictions and social distancing measures due to coronavirus meant the timing was still unclear."You will appreciate that the pra...Read More
Share this articleTHUNDER BAY, Ont. - Premier Gold Mines Ltd. says an offer made in March to buy Centerra Gold Inc.'s 50-per-cent stake in the Greenstone Gold Mines Partnership for US$205 million has not been accepted.Greenstone's principal asset is the proposed Hardrock Mine project near Geraldton, Ont.Premier, which holds the other 50 per cent stake in the project, had said an unnamed third pa...Read More
JOHANNESBURG (miningweekly.com) – Comment on when mining industry operations will resume is premature but what is certain is that when resumption does occur, it will not be business as usual, Minerals Council South Africa said on Thursday.Noting reports on the resumption of mining operations after 16 April, Minerals Council South Africa stated that resumption would depend on decisions that g...Read More
Following a “depressed and opportunistic” time for its diamonds at its fifth sales cycle of this year, LSE-listed Petra Diamonds has chosen to only sell a portion of its South African goods, representing about 75% by volume, and about 50% by value.The remaining goods were exported to Antwerp and of these, about 75% were subsequently sold at the company’s Antwerp marketing office,...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe extension will give it time to do further drilling and estimate a maiden resource.Read More
Global gold-backed exchange-traded funds (ETFs) had US$23 billion, or 298 tonnes, of net inflows, in the first quarter of 2020 - the highest quarterly amount ever and the largest tonnage additions since 2016, the World Gold Council (WGC) said in its latest report.During the past year, gold ETFs added 659 tonnes, the highest on a rolling annual basis since the financial crisis, with assets under ma...Read More
The mining industry is fraught with capital cost overruns - a quick internet search will turn up many examples. The results quickly highlight that as many as two-thirds of mining projects see cost overruns. Moreover, the researcher can see that it is a decades-long problem. That is, the industry doesn't seem to be getting better at their cost estimates over time. In other words, we aren't learning...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 resourcesAustralia-based junior IronRidge Resources takes big picture approach in AfricaSPONSOREDironridge resources The Moroccan tin mine developer posted a 322% share-price rise over the last...Read More
Last weekend I decided to do some extreme "social-distancing".I loaded my tent, some canned food, and my shotgun and started driving south. My destination? Thirty acres of forested land that my friends and I bought years ago for just such an occasion.At the time our families thought we were a bit crazy. "What in the hell are you going to do with an empty property in the middle of nowhere?" they la...Read More
Bullfrog Gold Corp (OTCQB:BFGC; CSE:BFG) is pleased to announce a drill program at its Bullfrog Project.Read full newsRead More
This podcast is part of our Technology Sector CEO interview series, and our mission going forward is to help listeners and investors understand more about investment opportunities in the public marketplace. According to Statista, global ecommerce sales will hit over $2.8 trillion dollars, with 60 percent occurring on a desktop computer and 40 percent happening on a mobile device. Augmented reali...Read More
Gold hit a new high for the move to $1714 and a new closing high of $1707. Additional charts explain the significance. Next Major Resistance Gold's nRead full newsRead More
The Alaska Department of Health and Social Services reported Monday morning six new cases of COVID-19 and three new hospitalizations in Alaska Monday, bringing the total case count to 191.Read full newsRead More
The Dow finished the day up over 700 pointsThe Dow finished the day up over 700 points, continuing its rally after many investors reacted to news that U.S. Senator Bernie Sanders officially dropped out of thepresidential race. Though coronavirus still brings uncertainty reaching beyond the second quarter, the potential plateau of cases is sparking new optimism. The S&P 500 and Nasdaq also closed...Read More
Analysts are very bullish on UnitedHealth stockUnitedHealth Group Inc (NYSE:UNH) announced last night that it will speed up payments and support totaling nearly $2 billion to health care providers in order to combat the financial challenges posed by the coronavirus pandemic. Additionally, UNH is just one of many health insurers getting a bump after Senator Bernie Sanders announced that he is pull...Read More