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
Diversified miner Anglo American delivered on its production targets across the business for the year ended December 31, CEO Mark Cutifani said on Thursday with the release of the group’s unaudited production results for the fourth quarter and the full-year.Production was up 4% for the fourth quarter, led by the continued successful ramp-up at the Minas-Rio iron-ore mine, in Brazil.Advertise...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 resourcesCase study: platform financeSPONSOREDminexiaMacquarie Capital has been appointed to manage the process after Orion received expressions of interest relating to the potential acquisition...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 resourcesCase study: platform financeSPONSOREDminexiaThe company produced 451,963 tonnes of copper and 253,520t of zinc, in line with guidance of 450,000-455,000t of copper and 250,000-270,000t...Read More
A study of environmental, social and governance (ESG) practice in the mining sector that examined the top-50 listed mining companies by market capitalization and the world's 20 largest institutional investors says much more work needs to be done to put ESG front and centre in the industry."Despite the compelling business case for ESG, and its acceptance as a critical issue by essentially all minin...Read More
Centerra Gold (TSX: CG) has received approvals and permits to restart open-pit mining at its Kumtor operation in the Kyrgyz Republic.The Kyrgyz state agency has approved Centerra's 2020 mine development plan, which includes a revised waste dumping plan and safety measures that involve waste placement in the Central Valley and Sarytor waste rock dumps.Open-pit mining is ramping up with full product...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 resourcesCase study: platform financeSPONSOREDminexiaTwo leading sector experts interviewed for our cover feature declared the EV space to be moving "much faster" than anticipated, with manufact...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 resourcesCase study: platform financeSPONSOREDminexiaViews of global economic activity are in transition after all major economic regions and country groupings appear to have experienced slower...Read More
"The board completed a thoughtful and robust process and we believe Peter's 30-plus years of mining industry leadership, together with his admirable performance while serving in the CEO role on an interim basis, make him the right choice to lead Hudbay," chairman Stephen Lang said. Lang himself was appointed as Hudbay's chairman in October, replacing Alan Hibben as agreed under a settlement w...Read More
"If you can't beat 'em, join 'em..."This tired phrase is very simple in theory, yet applies to so many complicated things - investing included.We've all seen it play out before in our own lives: somebody less capable somehow manages to outdo us. It's maddening and could make you wonder why you even bother trying at all. "What are they doing that I'm not!" you may scream into your pillow on especia...Read More
Steppe Gold is the first company ever to receive funding from the Mongolian National Investment Fund PIF SPV.Read full newsRead More
Deep-South Resources Inc. announces closure of its second tranche, totaling $319,000 of its current private placement.Read full newsRead More
Industrial metals will be impacted more by the Corona Virus in China. Silver can also be impacted. Industrial metals can sell off and test 2019 lows and even fall below 2019's low if China's Corona Virus becomes an epidemic. Too early to comment. A few hundred people getting diseased by the virus is not an epidemic in the world's populous nation. The next three weeks will be crucial. Chinese int...Read More
Industrial metals will be impacted more by the Corona Virus in China. Silver can also be impacted. Industrial metals can sell off and test 2019 lows and even fall below 2019's low if China's Corona Virus becomes an epidemic. Too early to comment. A few hundred people getting diseased by the virus is not an epidemic in the world's populous nation. The next three weeks will be crucial. Chinese int...Read More
Adamera Minerals announces it has entered into an option / joint venture agreement with Hochschild Mining (US) Inc. on its Cooke Mountain gold project.Read full newsRead More
IBM led the latest round of upbeat earnings reportsThe Dow finished lower today despite strong IBM (IBM) earnings, erasing its earlier gains in the final hour of trading on a down day for Boeing (BA). The S&P 500 and Nasdaq closed in the black and nabbed new record highs, thanks to strength in the semiconductor sector. Investors also monitored updates on the coronavirus outbreak, after President...Read More
Tesla is now bigger than Volkswagen, the world's largest automaker. It is now also bigger than GM ($50BN) and BMW ($51BN) combined, and is almost 3 times bigger than Ford ($36.5BN).Read full newsRead More
INTC has tacked on 29% over the past 12 monthsJoining the busy earnings slate this week is Dow name Intel Corporation (NASDAQ:INTC). The company is scheduled to report after the close tomorrow, Jan. 23. Below we will take a look at how INTC has been faring on the charts, and what the options market is pricing in for post-earnings moves. At last check, the equity is up 3% at $62.28, and earlier tou...Read More
ABT call open interest is only in the 6th annual percentileAbbott Laboratories (NYSE:ABT) is in the winner's circle once again today thanks to the company's impressive quarterly sales update. The healthcare stock was last seen 2.8% higher at $92.21, earlier tagging an all-time high of $92.45, and options traders are moving in.Overall, calls are crossing at four times the expected rate, outpacing p...Read More
Adamera Minerals announces it has entered into an option / joint venture agreement with Hochschild Mining (US) Inc. on its Cooke Mountain gold project.Read full newsRead More
The Chinese stock is headed toward its fourth straight lossIt's been a rough stretch for Momo Inc (NASDAQ:MOMO), with shares of the Beijing-based social media name pacing toward a fourth straight loss. This downside comes amid headwinds for Chinese stocks, which have struggled this week on fears of a coronavirus outbreak. Today, MOMO stock is down 8% at $32.96, breaching support atop its 200-day m...Read More