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
Galena provides a leading lightSPONSOREDgalena miningUnder the terms of the strategic cooperation and investment agreement signed in Beijing, China, Cordoba will issue 91.Read More
Dear Rich Lifer,As I mentioned in one of my issues last week, I attended the first annual Paradigm Press summit in New York City and gave a talk to both live attendees and thousands of additional investors with streaming access to the event.The entire event was terrific with eye-opening insights from many additional presenters - Jim Rickards, Nomi Prins, Tim Sykes, Ray Kurzweil, George Gilder, Gra...Read More
More than 20 people have died in clashes between protesters and security forces in Bolivia since disputed presidential elections in October and the resignation of Evo Morales on Nov. 10.The United Nations has warned that the country risks spinning out of control."The country is split and people on both sides of the political divide are extremely angry," Michelle Bachelet, the United Nations High C...Read More
Macarthur's high-grade iron project set to rollSPONSOREDGalena provides a leading lightSPONSOREDgalena miningNickel discoveries put St George on investors' radarSPONSOREDst george miningUniversity of Delaware launches Minerals, Materials and Society programSPONSOREDuniversity of delawareEvery new chief executive starts with a "to do" list and Mike Henry, the new man in the top job at BHP w...Read More
PERTH (miningweekly.com) – Diamond miner Lucapa has recovered two diamonds larger than 100 ct each from its Mothae kimberlite mine, in Lesotho.The ASX-listed company on Monday said that a 22 ct diamond and a 127 ct diamond were recovered from the treatment of recovery tailings, and while neither stone was of high quality, their discovery continued to underline the large-stone nature of the M...Read More
As we work through tax-loss selling season, there are signs everywhere that 2020 could finally be a breakout year for the precious metals space and the beaten-down juniors that are in position to be active.Money is finally starting to trickle back into the exploration side of the sector.Kai Hoffman noted that last week total financing dollars offered was just shy of C$100 million, which is a 15-we...Read More
VANCOUVER ,Nov. 14, 2019/CNW/ - Mineral Mountain Resources Ltd. and Mineral Mountain Resources (SD) Inc. (Read full newsRead More
(IDEX Online) - As part of its plan to grow its diamond mining sector, the government of Zimbabwe has cut mining royalties from 15 percent to 10 percent of gross revenue, according to reports in Zimbabwe's The Sunday Mail.In his budget, Finance and Economic Development Minister Professor Mthuli Ncube pointed out the difficulty of extracting diamonds from deep deposits. The cut in royalties re...Read More
(IDEX Online) - Petra Diamonds Limited has sold the 20.08-carat blue diamond recovered from the Cullinan Mine in South Africa in September 2019 for $14.9 million.The buyer, an anonymous diamond company, paid $741,000 per carat for the gem-quality Type llb diamond."We are very pleased with this result which is in line with our expectations and confirms the resilience in the value of very high quali...Read More
(IDEX Online) - Alrosa's latest sale of special size rough diamonds (stones weighing over 10.8 carats) held in New York generated $11 million in revenue.The company sold 93 rough diamonds with a total weight of 1,560 carats, which the company said was its best result in the past few months. "This year's last auction in the U.S. performed well," said Evgeny Agureev, deputy CEO of Alr...Read More
VANCOUVER ,Nov. 14, 2019/CNW/ - Mineral Mountain Resources Ltd. and Mineral Mountain Resources (SD) Inc. (Read full newsRead More
Protesters fury at new measures they say threaten their livelihoods...Read full newsRead More
The Organization of the Petroleum Exporting Countries and its allies face stiffe...Read full newsRead More
Colorado was built on mining, especially on gold. Today in Teller County that gold is providing jobs and helping fund communities.Read full newsRead More
VANCOUVER ,Nov. 14, 2019/CNW/ - Mineral Mountain Resources Ltd. and Mineral Mountain Resources (SD) Inc. (Read full newsRead More
Chinese army personnel have helped to clear debris left by protesters at Hong Kong Baptist University in Kowloon Tong. The cleanup operation began at 1pm on Saturday as community groups moved bricks and barricades which had accumulated on Junction Road over the past week. According to District Councillor Ho Hin-ming, who helped to organise the ...Read full newsRead More
Discussions with top investor Pallinghurst to finance Whabouchi project in Quebec continue.Read full newsRead More
California's decision to buy only from carmakers that have agreed to follow its clean car rules may well cost GM's Chevrolet tens of millions of dollars.Read full newsRead More
Dear Rich Lifer,You've heard the saying when it comes to trading stocks: buy low and sell high. The same strategy applies to making money buying items in stores.This is called retail arbitrage, and it can make you a small fortune pretty quickly if you know how to do it right, and with Black Friday and the Holidays right around the corner, there has never been a better time to try it out.E-commerce...Read More
Publisher's Note: Today we're bringing you Mr. Dines' take on the state of the markets and the economy right now from his latest issue of The Dines Letter. As usual, it's a must read.To Your Wealth,Nick HodgeNever trust a man who speaks well of everybody.John Churton CollinsAfter big rises, providing the opportunities to cash out and make money, some stocks are dropping to provide buying opportuni...Read More