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
(IDEX Online) - Canada's oldest diamond mine has been closed to prevent further spread of coronavirus.Some employees claim they've been told it could be four months before the Ekati mine re-opens, according to local media reports. Ekati has been in operation at a remote location 300km north east of Yellowknife in Northwest Territories, close to the Arctic Circle, since 1998.Calgary-based...Read More
(IDEX Online) - Signet, the world's largest retailer of diamond jewelry, is closing all its North American stores, but those in the UK will remain open.As the coronavirus pandemic spreads globally, it says it is being guided by its "core value of People First". Staff will be paid until 4 April.All Signet's stores in the USA and Canada, most of them trading as Kay Jewelers, Zales, Jared,...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesKSDD007, which was drilled 100m south of thick mineralisation from two earlier holes in the program, delivered a stunning 1167m at 0.55 grams per tonne gold and 0.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe discovery, called Gregors, followed geochemical and geophysics work carried out over a number of years due to changing ownership structures at the now 100% Azure-held prospect.Read More
Endeavour Mining (TSX: EDV) gave markets a welcome break from COVID-19-related news by announcing the acquisition of Semafo (TSX: SMF) in a $1 billion (US$691 million) deal that will create one of West Africa's top gold miners.The transaction, the company said, will create the biggest gold producer in Burkina Faso and Ivory Coast with production estimated at over 1 million oz. per year.The West Af...Read More
Lundin Gold (TSX: LUG) has temporarily suspended operations at its Fruta del Norte gold mine in Ecuador due to COVID-19, while Newmont (TSX: NGT; NYSE: NEM) has taken similar measures at four of its operations in Argentina, Canada and Peru.Newmont has temporarily suspended activities at Musselwhite, Eleonore, Cerro Negro and Yanacocha.However, Newmont said mines representing about 80% of its produ...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 flexibilitySPONSOREDmicromineNot many investment analysts were publishing buy tips during the worst of the 2008 global financial cri...Read More
The Fed has just announced unlimited QE as market turbulence refuses to subside in what looks like a perfect storm for gold.The kind that unfortunately brings with it a very real human toll. I spoke with one of the most successful speculators and investors in the resource space, Rick Rule.In part one, we talk the macro scenario, whether the Fed can print its way out of this, which commodities Rick...Read More
The developers at mobile video game publisher Scopely know that content is king. By licensing big-box franchises like "The Walking Dead," "Star Trek," and "Scrabble," and adapting them into free-to-play mobile games, the company has created a cash cow. The Culver City-based private company, founded inRead full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
As global financial markets began to melt down in response to the coronavirus pandemic, SilverCrest Metals (TSX: SIL; NYSE-A: SILV) inked a $75 million bought-deal financing on Mar. 11 that was underwritten by a banking syndicate led by National Bank Financial (and including Eight Capital and Scotia Capital).The deal was terminated seven days later.National Bank Financial said it was terminating i...Read More
In early January 2020, gold prices were steadily escalating on the heels of strong investor confidence fueled by some of the largest mining M&A transactions in recent history, including Newmont's merger with Goldcorp (US$10 billion), and Kirkland Lake Gold's acquisition of Detour Gold (US$3.8 billion).Over the past 12 months, gold prices had risen from US$1299 per oz. in January 2019 to US$1476 in...Read More
As the global pandemic changes life for everyone, we at IDEX are adjusting to the "new normal". It's time to take a bold and decisive action, so we have resolved to leverage our expertise and our platform assets to help friends and colleagues in our industry. That's why we are, with immediate effect, opening up our diamond trading platform for FREE.&...Read More
Given the market volatility from the spread of COVID-19, the outlook for precious metals remains uncertain. Nevertheless, gold exploration and mine development remain important drivers of mining activity. Here are eight companies with exposure to gold and precious metals.Bear Creek MiningBear Creek Mining's Corani silver-lead-zinc project in southern Peru. Credit: Bear Creek Mining.Bear Creek Mini...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 flexibilitySPONSOREDmicromineSo far, Latin America has not seen widespread outbreaks of the virus in the same way Asia, Europe and N...Read More
GDX stock is now very overbought on almost every metric. Traders should look to short VanEck Vectors Gold Miners ETF on any strength.Read full newsRead More
The jobs will be offered as six-month contracts and cover a range of skills needed by BHP operations in the short term.Read full newsRead More
Privately held Nordgold has taken a 19.9% stake in Cardinal Resources (TSX: CDV; ASX: CDV), which is advancing its Namdini gold project in Ghana.The Russian gold miner, whose non-executive chairman is billionaire Alexey Mordashov, recently confirmed the acquisition of 98.44 million shares of the junior at A$0.44 per share, including 81.04 million shares purchased from a subsidiary of Gold Fields a...Read More
There will be position squaring and rebuilding for next week. Copper, crude oil, nickel and other industrial metals can rise as result. If silver falls below $9.50 or trades below $9.50, then it will imply that the corona virus has made Asia (except China) as its home ground. Economic data releases are useless at this point of time. Bank of England has cut its key interest rates to 0.10% in a se...Read More
There will be position squaring and rebuilding for next week. Copper, crude oil, nickel and other industrial metals can rise as result. If silver falls below $9.50 or trades below $9.50, then it will imply that the corona virus has made Asia (except China) as its home ground. Economic data releases are useless at this point of time. Bank of England has cut its key interest rates to 0.10% in a se...Read More