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

Production at Escondida began in 1990 and peaked in 2007 at more than 1.4 million tonnes of copper. Image: BHPCopper jumped 3.7% in New York on Tuesday to trade at $3.25 a pound ($7,165 a tonne), the highest since end-February, as worries about supply disruptions in key producing region resurface.Workers at the Escondida copper mine in Chile put down quite a marker in the third round of contract n...Read More

The commodities industry downturn from 2013-2016 had a massive effect on companies in Australia and around the globe - with most mining companies going into survival mode. Since mid-2016 though, the market has been in a strong recovery cycle and, some say, it has now reached its peak. Where we are now is really at an inflection point and, depending on where the global economic cycle moves, commodi...Read More

SHANGHAI, Jun 4 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index closed at 94.179 last Friday, slightly down over the week. The index registered a six-month high of around 95.02 in the middle of last week and then lost the gains. The strong performance of US nonfarm payrolls further fuelled the anticipation of...Read More

A judge from the Ecuadorian province of Cuenca ruled that Ecuagoldmining South America S.A, owned by Chinese investment firm Junefield Group S.A., violated article 57 of the country's Constitution, which establishes people's right to be consulted prior to the development of any resource exploitation project in their communities. Judge Pa??l Serrano said that given such violation, Ecuagoldmining sh...Read More

Investing.com - Gold traders will keep their focus on more trade-related headlines in the coming week, as President Donald Trump prepares to meet world leaders at the G7 summit in Canada.Fresh geopolitical developments surrounding President Trump's planned meeting with North Korean leader Kim Jong Un slated for later this month will also be on the agenda.With a lack of major economic reports in th...Read More

(Bloomberg) - Southern Copper Corp. is preparing to scale the ranking of global producers by spending more than $10 billion in Peru and Mexico, taking advantage of rising prices underpinned by years of industry belt-tightening.The fifth-largest copper producer hopes to start work on its Tia Maria project in Peru next year as community resistance eases, Chief Financial Officer Raul Jacob said Thur...Read More

Mountain Province Diamonds (TSX, NASDAQ: MPVD) said Wednesday it had found a 95-carat gem diamond at its Gahcho Ku?(C) mine located in Canada's Northwest Territories.It's the largest gem quality diamond and the fourth biggest recovered from Gahcho Ku?(C) since production began just under two years ago.The white octahedron of "top clarity" is the largest gem quality diamond and fourth largest ston...Read More

(Bloomberg) - Mining companies in the Democratic Republic of Congo told the government it will lose more than $3 billion over a decade and face legal action if plans to implement a new industry code proceed.Miners including Glencore Plc and Randgold Resources Ltd. are demanding the government abandon aspects of the legislation approved by President Joseph Kabila in March. Discussions about the re...Read More

(Adds company's response)By Sudarshan VaradhanTHOOTHUKUDI, India, May 28 (Reuters) - An Indian state on Monday ordered the permanent closure of a copper smelter controlled by London-listed Vedanta Resources VED.L after 13 people protesting to demand its shutdown on environmental concerns were killed last week."We have taken a decision to permanently shut down the plant and today issued governmen...Read More

Canada's Millbrook Minerals has recently inked an historic deal with Cuban state mining company GeoMinera S.A. to explore and develop three former cobre-zinc-silver-gold producing assets in the country.The agreement makes the Ontario-based privately held miner the first Canadian firm to sign a deal in Cuba since the mid 90's. It also establishes it as the first company to sign an International Ec...Read More

GOMA, Congo (Reuters) - A Mai Mai militia attacked Banro Corp's east Congo Namoya gold mine with rifle and artillery fire on Thursday, a Banro geologist at the mine said, killing five people and wounding several others in the second attack on the mine in less than a year."The rebels tried to take expatriate workers on site as hostages but they didn't succeed because they couldn't reach the place w...Read More

By David Fickling(Bloomberg Opinion) - There's a well-thumbed playbook for how deals involving gold mines in the remote jungles of Indonesia are meant to turn out.The game plan isn't so different to the plot of the recent Matthew McConaughey film "Gold" - a promise of great wealth turning to ruin with the protagonists ending up brawling in the mud surrounded by fraud, violence and shady political...Read More

Rio Tinto's copper and diamond chief executive Arnaud Soirat has put pressure on Mongolia to support its planned $5.3 billion Oyu Tolgoi mine underground expansion, saying foreign companies will be looking at it as a "test case" for future investment.During his presentation at the Mongolia Economic Forum on Tuesday, the executive said the landlocked, mineral-rich country had all ingredients to b...Read More

Investing.com - Gold prices moved lower in early morning European trade on Monday as U.S. Treasury Secretary Steven Mnuchin said a day earlier that a trade war between China and the U.S. is now on hold, reducing the demand for safe haven assets.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange was down $8.60, or around 0.7%, to $1,282.70 a troy ounce by 4:33A...Read More

Shares in Teck Resources Ltd. (TSX:TECK.B)(NYSE:TECK) are taking off again-up 14.0% so far in May and 17.1% since the last week of April.Teck Resources also just so happens to be one of the more volatile stocks on the TSX, meaning the latest surge in the company's share price could just be the beginning of a bigger trend.Inflation is on the rise Following a period of benign inflation that has pers...Read More

Investing.com - Gold prices remained lower on Friday, held back by rising Treasury yields and a stronger dollar.Comex gold futures for June delivery were down 0.12% to $1,287.90 a troy ounce as of 10:33 AM ET (14:33 GMT).The price of bouillon was driven lower by the rise in the greenback and increase in bond yields.The U.S. dollar index, which measures the greenback’s strength against a bask...Read More

Investing.com - Gold prices reversed early gains on Thursday, falling back towards the lowest levels since December as a stronger dollar and rising U.S. government bond yields continued to weigh on demand for bullion.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $3.50 or 0.27% to $1,288.00 a troy ounce by 04:20 AM ET (08:20 AM GMT), off an overn...Read More

"From the DRC and South Africa to Mongolia and Australia … it is gaining momentum," he told a metals, mining and steel conference in Miami yesterday."As a result, the case for investment and FDI [foreign direct investment] is clearly under threat."Over the past 18 months, numerous countries have started seeking greater stakes or returns from mining operations as commodity prices have improv...Read More

However gold's best days are still in front of it, the inaugural ResourceStocks conference in Sydney was told today.Gold was trading around $1,294/oz on the spot market at the time of writing.Unsurprisingly, gold equities have been affected by the precious metal's slide.On the S&P/TSX Composite Index yesterday, the metals and mining was down 1.47% with the gold patch worst hit, down...Read More

Source: Osisko Mining Inc.Osisko Mining Inc. [OSK-TSX; OBNNF-OTC] was an active trader Tuesday May 15 after the company released the first mineral resource estimate for its Windfall Gold deposit located between Val-d'Or and Chibougamau in the Abitibi region of Quebec. The shares eased 20% or $0.54 to $2.16 in early afternoon trading Tuesday on volume of 3.2 million shares. The 52-week range is $5....Read More