The precious metals all soared in 2025, and while a continued monetary expansion and geopolitical risk could still drive gains especially for gold in 2026, a pullback in silver, platinum and palladium is possible after recent partly speculative surges.Read More
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) - Pramod Kumar Agrawal, the current chair of the Gem & Jewellery Export Promotion Council (GJEPC), has become the first member of the Indian industry to be elected one of the three vice presidents of CIBJO, the World Jewellery Confederation. "Given the primary role that India plays in almost all sectors of the industry, it is absolutely necessary that the country be ap...Read More
Galena provides a leading lightSPONSOREDgalena miningBarely months into his role as head of Codelco, Octavio Araneda faces arguably the greatest challenge the company has confronted in a generation, and one which will see the company pull in the hornsRead More
Galena provides a leading lightSPONSOREDgalena miningAriana will focus on Venus' 9.5 million tonne copper-gold-zinc Magellan project, which consists of two deposits at Klirou and Kokkinoyia which could be developed for open pit mining.Read More
Dear Rich Lifer,In many parts of the USA, dealing with winter weather is no joke!Whether you're in Ohio or Oregon, the snow, freezing cold, and weeks without seeing the sun can really drag you down.Social occasions also become fewer and farther between because no one wants to go outside in dreadful weather.Not only that, it's a major inconvenience to get around, and living costs, like food, car in...Read More
Dear Reader,I usually prefer focus on investments most people have never heard of. I do this with a strategy I like to call "backdoor" investing.A "backdoor" investment is a publicly traded company that capitalizes on a "big idea" or trend sweeping Silicon Valley. At any given moment, the venture world is filled with thousands of companies at work in almost every sector of business.For instance, w...Read More
Aspiring precious metals developer Velocity Minerals (TSXV: VLC) recently tabled engineering study results and the latest drill assays from its 70%-owned Rozino gold deposit in southeastern Bulgaria.Rozino, the most advanced of Velocity's four Bulgarian gold projects, is advancing to the prefeasibility study (PFS) level.A 2018 preliminary economic assessment (PEA) modelled an open-pit operation wi...Read More
In the latest megadeal sweeping the gold sector, Zijin Mining Group is buying Continental Gold (TSX: CNL; US-OTC: CGOOF) for $1.4 billion in cash.The Chinese gold miner is on an acquisition spree. In early November, it said it would buy copper-gold assets in Serbia from Freeport McMoRan (NYSE: FCX) for up to US$390 million, and it bought Nevsun Resources for US$1.86 billion just over a year ago.Th...Read More
SilverCrest Metals (TSX: SIL; NYSE-AM: SILV) has found a high-grade zone outside the resource area at its Las Chispas project in Sonora, Mexico, 220 km northeast of Hermosillo.The discovery hole - 19-118 - returned 9 metres grading 44.3 grams gold per tonne and 4,551.3 grams silver per tonne for 7,873 equivalent grams silver tonne, starting from 304 metres downhole.Another hole, 19-123, cut 6 met...Read More
Exore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesDark Horse could be 2020 bolterSPONSOREDdark horse resourcesUS takes long-term position on mineral supplySPONSOREDverisk maplecroftThe unexpected switch from Chinese to European EV leadership is a result of declining government financial incentives for consumers to buy EVs in...Read More
Galena provides a leading lightSPONSOREDgalena miningThe Marimaca resource now includes a measured and indicated resource of 70.4 million tonnes grading 0.60% copper and an inferred resource of 43Mt grading 0.Read More
LONDON – The crisis afflicting the diamond industry won’t end anytime soon, according to Liberum Capital Markets.There has been little good news this year. An oversupply of rough diamonds, a surfeit of polished stone stocks and falling prices have piled pressure on both the companies that dig them up and the lesser known businesses that cut, polish and trade them.Advertisement“Th...Read More
Dear Reader,The major stock market indices will move sideways through the remainder of the month (and year) to end the year about where they are now. That said, if markets move outside a narrow range, there is more downside potential than upside.This is a good time to lighten up on equity exposure and reallocate to bonds, cash and gold.Stock markets haven't gained much over the past two years. Tha...Read More
The major stock market indices will move sideways through the remainder of the month (and year) to end the year about where they are now. That said, if markets move outside a narrow range, there is more downside potential than upside.This is a good time to lighten up on equity exposure and reallocate to bonds, cash and gold.Stock markets haven't gained much over the past two years. That may come a...Read More
The past month has provided a glimpse into the future.We got a 25 basis point rate cut from the Fed on October 30, 2019, the third such cut since late July.It's my opinion that the market - never satisfied with historically low interest rates or the complete about face from the Fed - will force the Fed into another rate cut sooner rather than later.When it happens isn't as important as why it will...Read More
Share this articleTORONTO - Centerra Gold Inc. says two workers are missing after a "significant rock movement" at its Kumtor mine in the Kyrgyz Republic.The company says the incident happened at the Lysii waste rock dump and that two employees working in the area did not report to the emergency gathering area.Toronto-based Centerra says it has halted open pit mining operations and the mine plan i...Read More
Share this articleTORONTO - A Chinese mining company has signed a friendly deal to buy Continental Gold Inc. for $1.4 billion.Zijin Mining Group Co. Ltd. has agreed to pay $5.50 per share in cash for the Toronto-based company which is developing the Buritica gold project in Colombia.Continental shares closed at $4.87 on the Toronto Stock Exchange on Friday.The Buritica project is expected to prod...Read More
Sale Consolidates Gold Bar District for the First Time in Over 20 Years Vancouver, British Columbia--(Newsfile Corp. - November 27, 2019) - Ely Gold Royalties Inc. (TSXV: ELY) (OTCQB: ELYGF) (Read full newsRead More
The giant headframes that are the remains of 1890's gold mining days will again light up the night sky around Victor and Cripple Creek again this holiday season. These unique mining structures are one-of-a-kind remnants of the gold rush era. This marks the 20th anniversary of the event.Read full newsRead More
(IDEX Online) - There was a great deal of stability in the price of round diamonds in November, especially in the smaller goods. For many categories, there were just isolated changes with no discernible pattern. There was more movement in the price of larger goods, with the most changes coming in goods sized 2 carats and above. There was more movement in the prices of fancy goods, both positi...Read More
(IDEX Online) - Lucara Diamond Corp. said it expects an increase in revenue in 2020, with estimates of $180-$210 million. In 2019, total revenue is expected to be between $170-$180 million, according to a recent change in guidance released by the company. However, despite the anticipated increase in revenue, Lucara has reduced its predicted sales - down to 350,000-390,000 carats in 2020 from...Read More