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

Barrick Gold is not looking to merge with copper miner Freeport-McMoran, CEO Mar...Read full newsRead More

Oil and gold also marked a day of wins Despite an afternoon lull, the Dow closed at a record high today. The blue-chip index also touched a new all-time high of 29,408.05 earlier in the day, boosted by a nearly 3% surge in Boeing (BA) shares. Not to be outdone, the S&P 500 and Nasdaq also both closed at record highs, while all three benchmarks picked up their fourth straight win.Bolstering marke...Read More

Renforth Resources is pleased to announce that drilling has resumed on Renforth's wholly owned New Alger gold property, located in northwestern Quebec.Read full newsRead More

VVC is raising up to CA$2.0 million (US$1.5 million) in a non-brokered private placement of units of the Company at a price of CA$0.05 per Unit.Read full newsRead More

Roku and Lyft will be in the earnings spotlight Earnings season isn't over yet, with a whole slew of companies gearing up for their quarterly confessionals next week. Ride share concern Lyft (LYFT) will be in the earnings spotlight, joined by streaming name Roku (ROKU), along with Alibaba (BABA), Cisco (CSCO), Nvidia (NVDA),and PepsiCo (PEP). On the economic data front, investors can expect number...Read More

Chegg will post its fourth-quarter earnings on Monday after the close With a fourth-quarter earnings report due out next week on Monday, Feb. 10, options bulls are eyeing education specialist Chegg Inc (NYSE:CHGG) today. While overall volume is still quite low, 611 calls have crossed the tape so far, two times the intraday average, and more than three times the number of puts exchanged. The Februa...Read More

The Nasdaq and S&P, meanwhile, are eyeing more fresh highsThe Dow Jones Industrial Average (DJI) has pulled back from this morning's triple-digit gains, waffling at the breakeven. Meanwhile, the Nasdaq Composite Index (IXIC) and S&P 500 Index (SPX) maintained their earlier momentum with both eyeing record closes and the latter fresh off an intraday record high of 3,346.65. Meanwhile, oil conti...Read More

SAVE has been climbing the charts in recent monthsSpirit Airlines Incorporated (NYSE:SAVE) traded as high as $47.50 this morning -- filling up on analyst bull notes and better-than-expected fourth-quarter revenue amid lower fuel costs. Three price-target hikes have surfaced, the highest coming from Deutsche Bank to $55 from $49. While the shares nabbed a six-month high out of the gate, they have...Read More

TWTR is on track for its best single-session gain since 2017The big earnings winner on Wall Street this morning is Twitter Inc (NYSE:TWTR). While the social media giant reported adjusted fourth-quarter earnings that fell short of expectations, revenue clocked in at $1.01 billion, exceeding the $996.7 million estimates. Daily active users also rose to 152 million, above the forecast 147.5 million...Read More

Lumber Liquidators announced that its president and CEO will resign Hardwood flooring specialist Lumber Liquidators Holdings Inc (NYSE:LL) is getting a boost today, following an announcement that the company's President and CEO Dennis R. Knowles stepped down, effective Feb. 5. The firm also reiterated its 2019 outlook and expects to release earnings next month on March 16. At last check, LL is up...Read More

Twitter is this morning's big earnings winnerFresh off its best outing in nine months, Dow Jones Industrial Average (DJI) futures are pointed at another impressive gain this morning. Fueling today's push is news that as part of the "phase one" trade deal, China will halve its tariffs on $75 billion worth of U.S. imports, going into effect on Feb. 14. S&P 500 Index (SPX) and Nasdaq-100 Index (N...Read More

Geopolitical tensions and market uncertainty combined with the coronavirus outbreak led to a 5% increase in the gold price in January to seven-year highs of US$1,584/oz and continues to make all-time highs in many global currencies, while assets under management (AUM) grew 8% in US dollar terms during the month.Gold represented one of the best performing broader asset classes in January (plus 4.6%...Read More

It said the diamond was recovered from the EM/PK(S) unit of the South Lobe, which had recently delivered a gem-quality 176ct stone and other high-value diamonds including the 1,758ct Sewelô.Read More

"We are starting to reap the seeds we sowed 15 years ago when we [the team Jaramillo assembled under governor Anibal Gaviria during his previous term as governor] were here," he told Mining JournalRead More

Share this articleMONTREAL - Gold miner Semafo Inc. says work at its Boungou processing plant in Burkina Faso has restarted after a deadly attack against its workers halted operations last year.Gunmen attacked a bus convoy of 241 workers on the road to the gold mine in November last year, killing 39 people and injuring at least 60 others.Semafo says that as part of its phased plan, employees and c...Read More

Share this articleVANCOUVER - Shares in Teck Resources Ltd. fell by as much as 3.2 per cent after it warned sales of steelmaking coal in the current quarter are down due to bad weather in British Columbia.Its stock fell as low as $18.40 in trading in Toronto on Thursday, down from their $19.01 close on Wednesday. They set a 52-week high of $34.32 last April.The Vancouver-based miner says rail a...Read More

Share this articleGreat Atlantic Resources Corp. [GR-TSXV] is pleased to announce it has received analytical results for the first three drill holes completed during the 2019 Phase 1 diamond drilling program at its Golden Promise Gold Property, located within the central Newfoundland gold belt. The drilling program was conducted at the Jaclyn Main Zone, a gold-bearing quartz vein system. All thre...Read More

(IDEX Online) - The Antwerp World Diamond Centre (AWDC) has announced plans to hold its second African Diamond Conference (ADC). The conference will take place in Durban, South Africa on May 5-6.The last ADC took place in Brussels in 2017.The AWDC website describes the event as a high-level gathering for African mining ministers, the diplomatic corps, global diamond industry, civil society and aca...Read More

The Minerals Council South Africa is no longer just the voice of the mining majors, Grant Mitchell, who heads up the council's Junior and Emerging Miners Desk, pointed out in a briefing at the 2020 Investing in African Mining Indaba, this week.He highlighted that 40% of the Minerals Council's members were junior miners.AdvertisementHe also noted that South Africa's junior mining sector...Read More

(IDEX Online) - According to media reports, Endiama EP, Angola's state-owned diamond mining company plans to sell up to 30 percent of its shares in an initial public offering (IPO) in 2022.Bloomber said the sale is part of the government's plan to increase transparency in the diamond sector and increase production.Jose Manuel Ganga Junior, Endiama chairman, told Bloomberg the government...Read More