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
Resource Model to Include Current ResultsRead full newsRead 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 global energy storage market is expected to balloon over the next 15 years, according to a report released by Lux Research."The energy storage industry is poised for a massive increase in annual revenue and deployment capacity as key innovative technologies, such as solid-state batteries and flow batteries, reach commercialization," Chloe Holzinger, an analyst and one of the report's lead auth...Read More
GoldSpot Discoveries (TSXV: SPOT) issued a statement commending Yamana Gold (TSX: YRI; NYSE: AUY) for using machine learning technology to improve exploration targeting and contribute to meaningful increases in mineral resource inventory at its El Penon gold-silver mine in northern Chile.In late 2018, Yamana partnered with GoldSpot to complete an exhaustive evaluation of historical mine data compi...Read More
Nevsun Resources (TSX, NYSEMKT:NSU) has lost its bid to have Canada's Supreme Court throw out a lawsuit by former employees who say they were forced to work at the company's copper-zinc Bisha mine in Eritrea, East Africa.In its judgment, Canada's top court determined that the plaintiffs' claims may continue. Nevsun said that the question of whether the claimants will be allowed to sue the compa...Read More
The metal, which had up to late last week chalked up unprecedented gains of 84% in the past 12 months to US$2,856.Read More
Natural Resources Minister Seamus O'Regan said the plan underpinned the clean-growth century and how Canada would lead the way to provide the minerals, manufacturing capacity and regulatory supportsRead More
"There will be stimulus from China, but where will it be directed and how effective will it be?" he said.Read More
(IDEX Online) - Russia's deputy finance minister Alexey Moiseev says he's working on a "road map" towards lifting a ban on rough diamond exports from parts of the Central African Republic (CAR). Exports have been allowed from some parts of the poverty-stricken country, labelled green areas, since a total ban was lifted in 2013. But sales of "conflict diamonds" from so-called "red areas",...Read More
(IDEX Online) - Prices remained fairly stable in January, with the range of mixed but minor changes that have become a theme in recent months. There was isolated or limited movement in some categories of round and fancy, but a standstill in most.Larger rounds (1.50-2.99 ct) saw modest increases of up to 3 per cent and pointers (0.18 to 0.29 ct) were up in some categories around 5 per cent. Ha...Read More
(IDEX Online) - De Beers is reportedly set to update its terms with sightholders, in response to a disastrous year for the diamond industry in 2019. The 80 or so sightholders will be divided into dealers, manufacturers and integrated retailers, according to reports by Bloomberg and Reuters. As a result, they'll get stones better suited to their needs. Buyers currently have no choice but to ac...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resources"There will be stimulus from China, but where will it be directed and how effective will it be?" he said.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesMinister Prokurica said the travel restrictions between provinces in China were impacting the manufacturing sector but that no shipments of copper cathodes or concentrates had experiencedRead More
AVALON ADVANCED MINERALSSenior geologist Chris Pedersen in a core shack at Avalon Advanced Materials' Separation Rapids lithium project near Kenora, Ontario. Credit: Avalon Advanced Materials.Avalon Advanced Minerals (TSX: AVL; US-OTC: AVLNF) is a Canadian mineral development company specializing in sustainably-produced materials for clean technology.The company has three advanced-stage projects...Read More
VANCOUVER, British Columbia, Feb.27, 2020(GLOBE NEWSWIRE) -- Auramex Resource Corp. (the "Company" or "Auramex") (TSX.V: AUX) reports that exploration...Read full newsRead More
Feb 26, 2020 (GoldStocks.com via COMTEX) -- Gold prices have been on a roll for much of the past few days. After a minor correction, it roared back to edge...Read full newsRead More
(IDEX Online) - Baselworld, the largest watch and jewelry event in the world, has been forced to cancel its 2020 event because of coronavirus. Organizers said it had no option and was re-scheduling the show for January 2021. Last year Baselworld 2019 attracted 81,000 visitors, down by more than a fifth on the previous year. The cancellation also follows a ban by Swiss authorities on any gathering...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 resourcesFinancing risks can be managedSPONSOREDIn its judgment, the court determined the plaintiffs' claims could continue and the question of whether the plaintiffs might sue Nevsun for breach...Read More
Western Copper and Gold Corporation (TSX:WRN; NYSE American:WRN) is pleased to report that it has completed the private placement previously announced on February 21, 2020Read full newsRead More
??? Fully-subscribed offering completed with full overallotment option exercised by underwritersRead full newsRead More