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

If Congress or the White House bailouts Boeing as the chronic repurchaser of stock demands, there will be blood.Read full newsRead More

The fast food chain will be shifting to take-out and delivery options in their U.S. stores Fast food giant McDonald's Corp (NYSE:MCD) is treading just below breakeven before the open this morning, down 0.3% at $149.03 as the company contends with how to move forward in the face of mass coronavirus closures in the U.S. MCD said it plans on closing many of its dine-in areas, while shifting to carry-...Read More

Dow futures are eyeing a 200 point popDow Jones Industrial Average (DJI) futures are eyeing a modest rebound this morning, up roughly 200 points, following yesterday's disastrous selloff and subsequently volatile overnight trading linked to concerns over the coronavirus. President Donald Trump weighed in on Twitter (TWTR) last night, saying "The United States will be powerfully supporting those i...Read More

The gold mining etf, GDX continues to show promising signs both in absolute and relative performance terms, pointing to more upside ahead.Read full newsRead More

The precious metals basket has fallen well below recent highs.Gold, which had flirted with the US$1,700 an ounce mark just last week, has since fallen below $1,500/oz on the spot market despite interest rates being slashed to near-zero as countries move to combat the economic impact of the coronavirus. "Gold has not been the hedge many thought it would be, falling as investors sell their hold...Read More

"It may be too early to call the bottom, but we believe the sector now offers attractive value," said RenCap. The bank said its top picks were Rusal, BHP and Alrosa.Read More

(IDEX Online) - India's gross exports of cut and polished diamonds slumped by more than 40 per cent last month because of the Covid-19 pandemic.Totals were down from $2.34bn in February 2019 to $1.38bn for this February, according to The Gem & Jewellery Export Promotion Council (GJEPC).But exports of gold jewelry were up, as were overseas sales of polished lab-grown diamonds, albeit from...Read More

(IDEX Online) - Russian mining giant Alrosa is allowing buyers to defer up to 60 per cent of their allocations at its regular contract sales.The move, effective as of yesterday's sale, is a sign of market uncertainty.  In times of stability customers have been able to defer only 20 per cent of the stones offered.Alrosa, which last week reported a 31 per cent slump in 2019 profits, says b...Read More

(IDEX Online) - The American Gem Society (AGS) has canceled its Conclave, an annual education, social and networking event for jewelry traders.The event had been due to take place on April 27-29 in  Denver, Colorado.Organizers took the decision amid growing concerns over the Covid-19 pandemic and said they were exploring the online option of a virtual mini-conference instead.Details of the 20...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesPresident Martin Vizcarra has declared a national state of emergency including a 15-day national quarantine, in addition to stopping international flights to Europe and closing land borders.Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesAntofagasta CEO Iván Arriagada said the company's operations had "not yet been affected", and that copper production would be between 725,000-755,000 tonnes, as he advised towards the end ofRead More

This episode features the first part of a keynote speech by mining mogul and financier Robert Friedland at the Prospectors and Developers Association of Canada (PDAC) conference in Toronto. Friedland discusses how the proposed Green New Deal will generate a massive increase in copper demand, how Chile and South America have become increasingly challenging mining jurisdictions, and how electric veh...Read More

Publicly traded Kodiak Copper (TSXV: KDK), a portfolio company of the Discovery Group that was formerly Dunnedin Ventures (TSXV: DVI), will focus on copper porphyry exploration in Canada and the United States.The company's three projects are all wholly owned and include the Trapper and MPD copper-gold properties in B.C. and the Mohave copper-molybdenum-silver asset in Arizona, in addition to th...Read More

Copper prices continued to slide on Tuesday after China released economic data showing the deepest declines on record for industrial production and fixed asset investment.Copper trading in New York fell by 3% on Tuesday following a 5% decline Monday to a low of US$2.32 per lb. (US$5,110 a tonne), the weakest level since early November 2016. The copper price is now down 19.7% from its 2020 high, st...Read More

De Beers, already grappling with a prolonged industry crisis exacerbated by the coronavirus outbreak, now has another headache to contend with: how to conduct diamond sales when key customers are blocked from traveling?Botswana, where De Beers conducts its 10 sales each year, on Monday announced a travel ban on 18 high-risk countries as part of an array of measures to protect itself from the pande...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe ratings agency research arm suggested technology and productivity advances could effectively combat long-term cost increases from declining average grades, and higher material movement requirements, to maintain output rates at some mines.New projects in Australia and the Americas (and, potentially, Africa) could lift mine...Read More

There is a lot of blame to throw around these days, but I want to focus on one place in particular.It isn't President Trump, who can't get through a several-minute speech without his staff having to quietly correct him after press briefings.It isn't the federal government, which can't get its act together and is leaving too much up to a fragmented state and local response.And though I have a serio...Read More

Gold rose to high of $1574.80 and silver rose to a high of 1524.50 after the Federal Reserve slashed interest rates to near to and pledged hundreds of billions of dollars in asset purchases. Interest rate option is also now over for the Federal Reserve after this interest rate cut. There is more or less a global lockdown. There was a mad rush for cash. Traders and investors alike sold everything...Read More

Gold rose to high of $1574.80 and silver rose to a high of 1524.50 after the Federal Reserve slashed interest rates to near to and pledged hundreds of billions of dollars in asset purchases. Interest rate option is also now over for the Federal Reserve after this interest rate cut. There is more or less a global lockdown. There was a mad rush for cash. Traders and investors alike sold everything...Read More

The gold mining etf, GDX continues to show promising signs both in absolute and relative performance terms, pointing to more upside ahead.Read full newsRead More