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) - After taking in a billion dollars in just over a minute, this year's Singles Day has broken all records. The final total for the 24-hour shopping frenzy was $38.4 billion. This was an increase of 26 percent compared to 2018. "Today we showed the world what the future of consumption looks like for brands and consumers," said Fan Jiang, president of Taobao and Tmall. "...Read More
(IDEX Online) - The World Gold Council (WGC) today launched its new consumer research report. The report, which surveyed 18,000 respondents in China, India, North America, Germany and Russia highlights insights into attitudes towards and perceptions of gold, how and why people buy gold and also their reasons for not buying.The survey found that 56 percent of consumers have bought find gold jewelry...Read More
(IDEX Online) - Following recommendations from the IDF Home Front Command, the Israel Diamond Exchange (IDE) in Ramat Gan has advised people not to come to the exchange. The IDE said in a post on its Facebook page that because of threats due to the current security situation, the buildings would only be open in a limited capacity.The Home Front Command has ordered all schools and non-essentia...Read More
(IDEX Online) - After De Beers began selling lab-grown diamonds under its Lightbox brand, it is hardly surprising that other big names are testing out the lab-grown market. The latest entrant into the sector is Dilip Mehta, chairman emeritus of Rosy Blue Alliance, who is partnering with his sons to launch a lab-grown business in Surat. Speaking to the Times of India, Mehta took pains to...Read More
Poster South Africa mine regeneration on trackSPONSOREDorion mineralsWhen Mining Journal spoke to Toronto-listed Rupert Resources' chief executive James Withall in September about the company's Read More
Poster South Africa mine regeneration on trackSPONSOREDorion mineralsThe company had been forecasting first saleable concentrate production this month, but the target for the milestone has been pushed back to December.Read More
Poster South Africa mine regeneration on trackSPONSOREDorion mineralsHowever, owning a plant and having its refurbishment 80% complete already, ahead of the imminent completion of studies on not one but two nearby projects with near-term production potential, puts the possibility of cash flow in the frame for 2020.Artemis gained the fully-permitted Radio Hill plant through the 2017 acquisition of...Read More
Nordic Mining prepares for lift-offSPONSOREDnordic miningPolymetal building with good momentumSPONSOREDpolymetal internationalIronRidge derisks through diverse discoveries SPONSOREDironridge resources Investing in African Mining Indaba 2020SPONSOREDindabaThe company had forecast iron ore sales of 307-332 million tonnes following the fatal Brumadinho tailings dam disaster in Minas Gerais state in J...Read More
Dear Rich Lifer,When it comes to retirement destinations, you can find an endless number of lists ranking the best and worst spots to live out your golden years.My take is it really depends on how you want your retirement to look.Of course, you want to stretch your dollar as far as it will go, but you're also not going to do it at the expense of losing friends and family.A survey by Merrill Lynch...Read More
In our annual overview of exploration and mining activity in the Southwestern U.S., we focus on eight companies active in the region. Precious metals appear to be the exploration target of choice in the area, with battery metals (vanadium and lithium) gaining prominence. American LithiumAmerican Lithium's TLC lithium claystone project in Nevada. Credit: American Lithium.American Lithium (TSXV: LI)...Read More
Nordic Mining prepares for lift-offSPONSOREDnordic miningPolymetal building with good momentumSPONSOREDpolymetal internationalIronRidge derisks through diverse discoveries SPONSOREDironridge resources Investing in African Mining Indaba 2020SPONSOREDindabaMany former Randgold shareholders own stock in Barrick (listed in Toronto and New York) following its all-stock-takeover of Bristow's company las...Read More
John Hathaway, chairman of Tocqueville Management Corporation, in conversation with The Northern Miner Group publisher Anthony Vaccaro at the 2019 Precious Metals Summit in Zurich.Hathaway draws lessons from his decades of experience in the gold investment space, assesses current market trends and peers over the horizon at what may be in store for gold equities.Introduction by Jessica Levental, Pr...Read More
This episode features an interview with Nadine Miller, an Independent Non-Executive Director for Wesdome Gold Mines and a Strategic Advisor at Awz Ventures Inc. Awz is a Canadian hub for investments in cybersecurity, intelligence and physical security AI-based technologies from Israel, a global leader in these sectors. Awz manages US$100 million between its first two venture capital funds. The int...Read More
London-listed Botswana Diamonds (BOD) has recovered the first diamonds from its plant commissioning activities at the Marsfontein mining permit.The company’s 40%-owned associate Vutomi Mining was last month granted a mining permit for the diamond-bearing gravels and residual unprocessed stockpiles around the iconic mine, in South Africa.AdvertisementBOD reports that plant commissioning is we...Read More
Poster South Africa mine regeneration on trackSPONSOREDorion mineralsNevada Copper's US$200 million Pumpkin Hollow project near Reno in Nevada is one of the first new mines established and in operation at "what looks to be the start of a new commodity cycle", theRead More
Boeing stock surged midday on 737 MAX newsU.S. stocks spent the first half of the day trading in the red on President Donald Trump's pessimistic comments about a trade deal with China, but the major indexes were able to pare most of these losses by the close. A sudden rally from Boeing (BA) on news the company expects its 737 MAX to return to commercial service in January sparked a major reversal...Read More
Vancouver, British Columbia--(Newsfile Corp. - November 7, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC: PRSRF) (theRead full newsRead More
CHK lost over 37% last week, following a dismal earnings report The already suffering shares of Chesapeake Energy Corporation (NYSE:CHK) have taken a turn for the worse during the past week, following the firm's dismal third-quarter earnings report and warning note over its ability to continue as a "going concern." The stock lost a whopping 37.5% last week, and is looking at even more downside to...Read More
The auto parts retailer will report earnings tomorrow morningAdvance Auto Parts, Inc. (NYSE:AAP) is slated to report third-quarter earnings before the market opens tomorrow, Nov. 12. Put volume is running fast ahead of the event, with nearly 6,200 contracts traded so far -- 30 times what's typically seen at this point, and more than double the number of calls on the tape.Most active are the Novemb...Read More
Tupperware suspended its quarterly common dividend last weekThe U.S. stock market is struggling to claw its way back into positive territory, as Wall Street digests a slew of trade-related headlines. Among the stocks making notable moves today are blue chip Walgreens Boots Alliance Inc (NASDAQ:WBA), plastic maker Tupperware Brands Corporation (NYSE:TUP), and drug stock Dare Bioscience Inc (NASDAQ...Read More