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

(IDEX Online) - The Perth Mint has released the "Jewelled Tiger," the third release from its range of diamond-studded coins showcasing mythical and real animals from Asia. The tiger is pav?? (C) set with almost three carats of fancy vivid intense pink diamonds from the Argyle diamond mine.The coin is made from 10oz of 99.99% pure gold. The tiger, which has two vibrant green Columbian Muso Emeralds...Read More

(IDEX Online) - The Bharat Diamond Bourse (BDB) has announced it will x-ray all diamond parcels at the customs area of the bourse. This move will prevent any illegal cargo being added to diamond parcels and comes in response to the discovery of an electronic item in a parcel of diamonds. In this instance, a logistics company took the from the precious cargo customs clearance centre (PCCCC) at...Read More

In recent decades, the Fed has engaged in a series of policy interventions and market manipulations that have paradoxically left it more powerful even as those interventions left a trail of crashes, collapses and calamities.This contradiction between Fed omnipotence and Fed incompetence is coming to a head. The economy has been trapped in a prolonged period of subtrend growth. I've referred to it...Read More

We’ve all seen zombie movies where the good guys shoot the zombies but the zombies just keep coming because… they’re zombies!Market observers can’t be blamed for feeling the same way about former Fed Chair Ben Bernanke.Bernanke was Fed chair from 2006-2014 before handing over the gavel to Janet Yellen. After his term, Bernanke did not return to academia (he had been a profe...Read More

German engineering giant Siemens will honour a controversial contract to supply signalling systems to Adani's Carmichael coal mine in Australia, despite being under fire for the project's alleged climate implications."We have just finished our special meeting ... We have evaluated all the options and have concluded that we must fulfil our contractual obligations," chief executive, Joe Kaeser, twee...Read More

Pay-by-day mining software gives geologist competitive boostSPONSOREDmicromineSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesWhile not a major shareholder in Sirius, Rinehart is close to the project through a deal struck three years...Read More

Back in November I explained that the electrification of everything remained as strong and real as it was when I first mentioned it in 2016.I also told you that the better names in the lithium space had likely bottomed and that 2020 should provide relief for companies that managed to advance assets in a meaningful way.Here's a chart of Lithium Americas during the past three months:Here's a chart o...Read More

Harmony Gold Mining Company has moved higher as of late, but there could definitely be trouble on the horizon for this company.Read full newsRead More

Nora Pincus, a partner at the international law firm Dorsey & Whitney, believes that the significant mergers and acquisition (M&A) activity in the metals and mining space in 2019 will continue into 2020. The Northern Miner reached Pincus in Salt Lake City, Utah.The Northern Miner: Do you think the market consolidation or M&A activity in the metals and mining industry that started in 2017, and cont...Read More

New ocean shipping regulations could have a big impact this year.Under International Maritime Organization (IMO) rules that came into effect on Jan. 1, emissions from fuel used in ocean carriers cannot exceed a 0.5% sulphur content.With sulphur content before the ruling at 3.5%, the switch to low-sulphur fuel is enormous, both as an undertaking and in its far-reaching effects. It is certainly unpr...Read More

(IDEX Online) - A report from CRM giant Salesforce revealed that digital spending increased 8 percent over the 2019 shopping season, with $723 billion in digital revenue worldwide. The report combined insights on the activities of hundreds of millions of global shoppers in over 30 countries using Salesforce tools. According to Salesforce data, digital traffic grew 13 percent over 2018. Many s...Read More

(IDEX Online) - Ed Bridge, chairman emeritus of Ben Bridge Jeweler, Inc, received the 2020 GEM Award for Lifetime Achievement at the 18th annual Gem Awards, which took place on Friday at Cipriani 42nd Street. Bridge received the award in honor of his dedication to Ben Bridge and the jewelry industry throughout his career. He was president of the company/co-CEO from 1990-2017 and chairman/CEO...Read More

(IDEX Online) - Forevermark, the diamond brand from De Beers Group, recently launched an "immersive, interactive and informative" retail experience in the Caibai jewelry department store in Beijing, China.Forevermark said the 100-square-meter boutique breaks away from the traditional across-the-counter service and instead showcases several digital experiences. These include a discovery wall, which...Read More

Sudan has begun allowing private traders to export gold, a measure designed to c...Read full newsRead More

Newmont Goldcorp gold shipments refers to the volume of physical gold shipped/sold by the company from its gold mining operations in the United States, Australia, Peru, Ghana, Canada, New Zealand, and Mexico.The company's proven and probable gold reserves stood at 65.4 million ounces...Read full newsRead More

South Africa's Sibanye-Stillwater (NYSE: SBGL) has exercised an option to acquire an additional 12% interest in DRDGOLD (NYSE: DRD), bringing the total stake in the gold tailings retreatment company to 50.1%.The deal is the single largest investment ever made by an individual shareholder in DRDGOLD, chief executive Ni?<Read More

Publisher's Note: The Annual Outlook issue of The Dines Letter is a must-read. Today we're bringing you Mr. Dines' analysis of the state of the market and the most promising investments in 2020.Call it like you see it,Nick HodgeAfter the vertical and unified skyrocketing bullishness of stocks in 2016 and 2017, on February 2, 2018 a "Sell" was finally flashed detecting a coming change in leading s...Read More

Gold dramatically surged to major new secular highs this past week, fueled by stunning geopolitical news. The US assassinated Iran's top general, so Iran fired ballistic missiles at military bases in Iraq used by the US. That naturally ramped gold bullishness, spawning all kinds of predictions for much-higher prices. But geopolitically-driven gold spikes never last long, and the gold buy...Read More

Traders will either close short positions or go long on the weekend. Iranian risk is there. My initial reaction after the news of Ukrainian airlines crash in Tehran was that of a missile hit. I may be right. USA, Canada and UK are all now saying that Ukrainian airlines was hit an Iranian missile. In my view missile may or may not be Iranian. NATO/USA has started the escalation of war like situat...Read More

Gold dramatically surged to major new secular highs this past week, fueled by stunning geopolitical news. The US assassinated Iran's top general, so Iran fired ballistic missiles at military bases in Iraq used by the US. That naturally ramped gold bullishness, spawning all kinds of predictions for much-higher prices. But geopolitically-driven gold spikes never last long, and the gold buy...Read More