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

A look at how the COVID-19 stock market crash is affecting stocks' historical volatility What else is there to talk about but the huge swings in the stock market lately? As with most other stats I've written on recently, what we're seeing is nearly unprecedented. The 21-day historical volatility (HV) on the S&P 500 Index (SPX) is at 87%. The only two times in history where this was surpassed were...Read More

Radius Gold (TSXV: RDU) has signed an option agreement to acquire a 100% interest in Plata Verde, a 3-sq.-km property north of its flagship Amalia gold-silver project in the state of Chihuahua, Mexico.Plata Verde is located on the site of a historic and undocumented underground mining operation from the 1800s that Radius Gold discovered in January 2020. The project is east of the historic Batopila...Read More

The Yukon-focused company has signed an underwriting agreement with a syndicate led by Cormark Securities and Cantor Fitzgerald Canada to sell the shares.The company, which is awaiting a water permit for its Keno Hill project, has also given the underwriters an overallotment option for 30 days following closure that could take the total raised to $8.6 million.Alexco said it would use the proceeds...Read More

The lockdown starts at midnight Thursday, but businesses essential for the maintenance of power generation are exempt.South32 said it was working with government to determine the impact of the exemption on its South African Energy Coal and South African Aluminium divisions, given they play a role in Eskom's generation network.The company has started planning for its South African Manganese busines...Read More

"The underlying mining and cement industries remain sound but given the day-to-day development in markets around the world, we are currently unable to assess the extent of the impact," the company said."The activity level for the group at the beginning of 2020 was similar to 2019, and in addition we have booked three large mining orders with a combined value of around 2.4 billion Danish krone."We...Read More

The coronavirus, and the actions being taken by governments to stem its spread, can be found behind a remarkable split which has seen the South African government force the closure of its miningRead More

(IDEX Online) - Canadian miner Mountain Province has reported further losses - CAD128.8m ($89.9m), as demand for rough dropped.The 2019 figure was well down on the CAD18.9m loss ($13.2m) for 2018, largely as a result of a non-cash impairment loss on property, plant and equipment of CAD115.8 million ($81m).That was ins spite of an "exceptional year of production" in 2019 at its Gahcho Kue, in North...Read More

the coronavirus pandemic in his native South Africa.Fellow billionaire Johann Rupert, whose luxury conglomerate Richemont owns Mont Blanc and Cartier, is matching the donation with his own R1bn.Mr Oppenheimer, 74, sold his 40% stake in the family diamond firm, founded by his grandfather Ernest in 1929, to the Anglo American mining group for $5.1bn in cash in 2012.  In a joint statement w...Read More

(IDEX Online) - The Diavik Diamond Mine in Canada is maintaining full production despite the coronavirus pandemic.But it is restricting the frequency of travel by rostering staff to work four weeks on, four weeks off. Operators Rio Tinto say they have reduced travel to and from the remote mine at Lac de Gras, 200km south of the Arctic Circle, to minimize spread of the disease.The standard two...Read More

In November, Moody's Investors Service forecast G-20 economies in 2020 would grow by 2.6%, but now estimates real GDP will contract by 0.5%, followed by a pick-up to 3.2% in 2021.The ratings agency projects "cumulative contraction" over the first and second quarters of 2020 of 5.4% in Germany, 4.5% in Italy, 4.3% in the U.S., 3.9% in the U.K. and 3.5% in France."Although supportive fiscal and mone...Read More

Chile's copper miner Codelco may not regain its position as the world's top producer of the red metal this year, as delays in upgrades and expansion projects caused by measures to stop the spread of the coronavirus add to the impact of low prices and lack of funding.The miner, which hands all its revenue over to the state, was in the midst of implementing a US$40 billion, 10-year modernization of...Read More

The gold price rallied again in spectacular fashion on Tuesday, as panicked investors scrambled for hard assets on the back of COVID-19 closures of mines and refineries and unprecedented monetary action by the U.S. central bank.On the Comex market in New York, gold for delivery in April, the most active contract, closed the session at US$1,660 per oz., up US$93 compared to Monday's close. Earlier...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 resourcesThe convenience of one provider with pay-as-you-need flexibilitySPONSOREDmicromineDay two of self-isolation: bored mental but looking on the bright side; my hands have never been cleane...Read More

Dual-listed Botswana Diamonds continues to develop its portfolio of eight exploration projects across three sub-Saharan countries – Botswana, South Africa and Zimbabwe.In South Africa, drilling on the Marsfontein ground-intersected kimberlite continues, where a significant bulk sample of the kimberlitic ground has been recovered and transported for analysis.AdvertisementThis will be processe...Read More

Unlike many other mines in Canada and around the world that have been put on care and maintenance in the last week because of the global COVID-19 pandemic, De Beers' (51%-owned) and Mountain Province Diamonds' (TSX: MPVD; US-OTC: MPVD) (49%-owned) Gahcho Ku?(C) mine in the Northwest Territories is so far continuing to operate. However, Mountain Province has been forced to indefinitely postpone dia...Read More

Capitalism and the stock market are now broken.That's great news for you. Things are now happening in the market that haven't happened since World War II - or ever. And it's at moments of extreme dislocations like this when big money is made (and lost).Some of what we've been writing to you about for years is now playing out in front of your eyes. Trillions and trillions of dollars are now bein...Read More

'I have not seen a credible plan for net zero without nuclear as part of the mix,' Natural Resources Minister Seamus O'Regan told a nuclear conferenceRead full newsRead More

"I ran dealer desks for over 20 years... And I never recall a BWIC on a weekend."Read full newsRead More

Gold logged its best day in over 10 years as wellThe Dow experienced a much-needed surge today, logging its best percentage gain since 1933. The blue-chip index surged toward the finish line today, as all signs point to a historic stimulus bill near agreement that would help buoy a floundering U.S. economy. The S&P 500 and Nasdaq both joined the Dow with big gains of more than 8%, as stocks rebou...Read More

YUMC just ran up to a historically bullish trendlineYum China Holdings Inc (NYSE:YUMC) is making news today after the China-based fast food firm this morning said it was seeing early stages of recovery following the peak of the coronavirus outbreak in the region. The KFC parent announced that 95% of its stores are either fully or partially open, and added that while same-store sales are still in d...Read More