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

Investing.com - Gold prices fell on Wednesday, pressured lower by strength in the dollar and Treasury yields after the U.S. withdrew from the nuclear deal with Iran, which kept prices within reach of two month lows.On Tuesday, President Donald Trump pulled the U.S. out of the international nuclear deal with Iran, raising the risk of conflict in the Middle East and a knock-on effect for global oil...Read More

Investing.com - Gold prices edged lower on Tuesday as strength in the dollar continued to act as a headwind for the precious metal. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange dipped $1.90 or 0.14% to $1,312.20 a troy ounce by 04:31 AM ET (08:31 AM GMT).Last week prices fell to their lowest levels in two months and posted a third consecutive weekly decl...Read More

(Bloomberg) - AngloGold Ashanti Ltd. remains upbeat on its African assets even as new mining rules threaten profits at two of the company's key mines.The world's third-largest gold producer is mired in disputes with the governments of Tanzania and the Democratic Republic of Congo over law changes that raise taxes in the countries, where AngloGold gets the bulk of its African metal from. Still, th...Read More

China's iron ore futures rose on Monday, the second day the contracts have been open to direct trade by foreign investors, with robust restocking demand amid resuming steel capacity helping to push prices higher."Downstream demand remains very strong at this moment as construction sites rush to work as much as they can before rainy season starts in June," said Gu Meng, analyst at Orient Futures.Th...Read More

SHANGHAI, May 4 (SMM) – The 2018 annual benchmark zinc concentrate treatment charges (TCs) dropped 14.5% from that of 2017 to a 12-year low as supply dwindled.The settlement at $147/dmt was delayed for two months and was reportedly reached between Teck Resources and Korea Zinc. This compared with TCs at $172/dmt last year.Zinc concentrate supply has been declining over the past few year...Read More

Mining giant Rio Tinto (ASX, LON, NYSE: RIO) plans to double its fleet of autonomous production drill rigs this year at its iron ore mines in the Pilbara region of Western Australia, where driverless trucks already haul over a quarter of both ore and waste material.Four additional drills, retrofitted with autonomous drilling system technology, were recently deployed at the company's Yandicoogina m...Read More

Investing.com - Gold prices fell on Monday, nearing their recent five-week lows as waning geopolitical tensions and a stronger dollar weighed on demand for the precious metal.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $5.10 or 0.38% to $1,318.30 a troy ounce by 04:40 AM ET (08:40 AM GMT), re-approaching the five-week low of $1,315.70 set on T...Read More

Investing.com - Concerns over rising U.S. Treasury yields look set to remain in focus for precious metals traders next week after gold prices managed a slight gain on Friday but still ended the week with a drop of almost 1%.The U.S. nonfarm payrolls report for April, set to be released next Friday, and the outcome of the Federal Reserve’s two-day policy meeting on Wednesday, which will help...Read More

Investing.com - Gold prices held steady in early morning European trade on Friday as investors looked ahead to U.S. data on first quarter economic growth.Comex gold futures slipped $0.80, or 0.06%, at $1,317.100 a troy ounce by 3:33AM ET (7:34GMT). The preliminary reading of first-quarter U.S. GDP at 8:30AM ET (12:30GMT) is expected to show the economy expanded 2.0%, down from the fourth quarter g...Read More

Investing.com - Gold fell on Wednesday, driven lower by a rising U.S. dollar and bond yields.Comex gold futures for June delivery were down 0.86% to $1,321.60 a troy ounce as of 10:26 AM ET (14:26 GMT).The price of bouillon was driven lower by the rise in the greenback. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, rose 0.43% to 90.9...Read More

April 24 (Reuters) - Canada's Teck Resources Ltd , the world's second-biggest exporter of steelmaking coal, reported on Tuesday a 15 percent increase in first-quarter adjusted profit on increased sales volumes.Teck, which also mines copper, zinc and gold, said adjusted profit attributable to shareholders rose to C$753 million ($586.4 million) or C$1.31 per share in the quarter ended March 31, comp...Read More

Investing.com - Gold prices fell to their lowest levels in two weeks on Monday as a stronger dollar and renewed risk appetite dampened demand for the precious metal.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $7.10 cents or 0.55% to $1,331.20 a troy ounce by 04:57 AM ET (08:57 AM GMT).The U.S. dollar index, which measures the greenback’s...Read More

Investing.com - Gold prices will remain susceptible to any further gains in the dollar this week after declines on Friday on the back of a stronger greenback which was boosted by expectations for a more aggressive pace of policy tightening by the Federal Reserve this year.Metals traders will be awaiting an update on the health of the U.S. economy ahead of Friday’s data on first quarter growt...Read More

It took Colombian authorities about three hours to be able to dig a back access entrance and free 14 people that were trapped inside a gold mine in the Marmato municipality of the Caldas province.According to the regional Department of Risk Management, Environment and Climate Change, La Socorro's mine main entrance collapsed on Wednesday at around 4 p.m., leaving over a dozen workers trapped insid...Read More

Investing.com - Gold prices edged lower on Wednesday weighed down by gains in the dollar and improving risk appetite which dampened safe haven demand for bullion.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $1.70 cents or 0.13% to $1,347.90 a troy ounce by 04:33 AM ET (08:33 AM GMT).The U.S. dollar index, which measures the greenback’s st...Read More

Investing.com - Gold prices drifted lower on Tuesday, as investors wagered U.S.-led attacks on Syria would not escalate into a wider conflict in the Middle East, dampening demand for the safe-haven asset.While Saturday's missile strikes were the biggest intervention by Western countries against Syria, investor risk appetite improved on speculation that the attacks would not lead to prolonged confl...Read More

(Bloomberg) - The Moti Group will consider selling shares in its Zimbabwean chrome mining operations if the government pushes ahead with the proposal that has already met resistance from the country's biggest platinum producer.Zimbabwean policymakers are debating a bill that will require mining companies to list the majority of their shares on the local exchange or risk losing their mining rights...Read More

Investing.com - Gold rose on Friday, as the dollar wavered around the unchanged mark and Middle Eastern tensions remained in the back of investors’ minds.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, inched up 0.01% to 89.50 as of 10:32 AM ET (14:32 GMT).The dollar struggled for direction after rallying on Thursday. The greenba...Read More

"As previously stated, first quarter production was planned to be lower than subsequent quarters, reflecting scheduled maintenance at our Santander operations and winter conditions at Caribou," said Trevali's president and CEO Dr Mark Cruise."We will continue to further optimise the operations through the remainder of the year and beyond."Cruise said production guidance for the year was unchanged:...Read More

(Bloomberg) -- Aluminum headed for the highest close since January, extending its hottest three-day streak since 2009, after top exchanges said they’ll stop accepting metal from United Co. Rusal (HK:0486), deepening supply fears after the U.S. slapped sanctions on the Russian group.The metal advanced 1.4 percent to $2,231 a metric ton on the London Metal Exchange by 2:56 p.m. in Shanghai. Th...Read More