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) - Prices of fancy color diamonds remained stable in the third quarter of 2019, according to the Fancy Color Diamond Index (FCDI) published by the Fancy Color Research Foundation. The prices of pinks remained stable this quarter. The slight decrease of 0.1 percent overall was due to a 3-percent decrease in the 5 carat fancy pink category. However, all fancy vivid pinks rose by 0....Read More
(IDEX Online) - The World Jewellery Confederation (CIBJO) has produced a coral report ahead of its annual congress in Bahrain this month. This is the ninth in a series of special publications prepared for the congress. The report was prepared by the Coral Commission, which is headed by Vincenzo Liverino.It covers environmental issues, in particular the efforts by the industry to address the impact...Read More
HARARE – Zimbabwean mining firms want to retain all of their export earnings in foreign currencies, saying they are disadvantaged by having a proportion paid to them in Zimbabwe dollars.President Emmerson Mnangagwa's government is pinning its hopes on the mining sector, which generates Zimbabwe's biggest export earnings, to drive the recovery of an economy grappling with power cuts a...Read More
Poster South Africa mine regeneration on trackSPONSOREDorion mineralsAs part of a wide-sweeping management change, the company also appointed Linda Chang as CFO, Purni Parikh as SVP corporate affairs and corporate secretary and James Steels to its board.Solaris intends to undertake a non-brokered private placement financing to raise up to C$5.5 million at C40c a share plus a three-year half warran...Read More
Polymetal building with good momentumSPONSOREDpolymetal internationalAt Cangrejos, the indicated mineral resource is now 469 million tonnes grading 0.59 grams per tonne gold and 0.12% copper and the inferred resource is 255Mt grading 0.43g/t gold and 0.08% copper.Read More
Nordic Mining prepares for lift-offSPONSOREDnordic miningIronRidge derisks through diverse discoveries SPONSOREDironridge resources Polymetal building with good momentumSPONSOREDpolymetal internationalAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftThe resolution, put forward by a group of shareholders led by the Australasian Center for Corporate Responsibil...Read More
An attack against workers travelling to Semafo's (TSX: SMF) Boungou mine in southeastern Burkina Faso has left 39 dead and 60 wounded.A convoy of five buses escorted by military personnel came under fire on a public road about 40 km from the mine.It is the third attack in the last 15 months targetting employees of the Canadian mining company, which operates two mines in the West African nation.Try...Read More
Nordic Mining prepares for lift-offSPONSOREDnordic miningIronRidge derisks through diverse discoveries SPONSOREDironridge resources Polymetal building with good momentumSPONSOREDpolymetal internationalAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftCardinal Resources released a summary of a feasibility study for its Namdini gold project in Ghana on 28 Octobe...Read More
Dear Rich Lifer,When people start thinking about saving money, they often look for areas to cut costs, and gym memberships are usually one of the first line items to get cut.It makes perfect sense – with some gyms charging upwards of $200 per month, it just doesn't work out to be worth the price tag for most people.On the other hand, exercise is important, and it becomes evenmore important a...Read More
No one ever said stoners were punctual, but we really ought to hold politicians and investors to a higher standard.October 31 was the court-appointed deadline for Mexico to pass marijuana legislation, but the government missed it and the country's Supreme Court issued an extension.Mexico now has until April 30, 2020, to pass marijuana reform legislation.Hopefully, it won't take that long - and rea...Read More
Mining equipment, technology and services (METS) equity success stories have been few and far between in the past decade - since some eye-watering moves pre-2009.Read More
Stocks went into the close around breakevenStocks were little changed today during a low-volume session on Wall Street, as traders continue to await more clarity on trade talks. Reports circulated that the U.S. and China may not come to a trade agreement until December, and a number of Fed speeches were front and center, as well. The Dow held right below its all-time high for most of the day, but...Read More
If you're interested in Highland Gold Mining Limited (LON:HGM), then you might want to consider its beta (a measure of...Read full newsRead More
A ban on nickel ore exports from Indonesia will sharply reduce top buyer China...Read full newsRead More
Indonesia may decide this week whether to resume nickel ore exports after haltin...Read full newsRead More
Rio Silver Inc. is pleased to announce that it has retained Momentum Public Relations Inc. to provide public relations services to the Company.Read full newsRead More
The shares are squaring off against a historically bearish moving averageOil prices are lower today, set to snap a recent winning streak, due to concerns about U.S.-China trade and a bigger-than-expected increase in domestic crude inventories. Meanwhile, one oil-and-gas stock appeared on our radar as a possible short play: Parsley Energy Inc (NYSE:PE), the shares of which are waffling today after...Read More
Options volume has picked up on TMHC and SUPNThe U.S. stock market is holding near record highs today, as Wall Street unpacks a series of Fed speeches. Among specific stocks making notable moves are home builder Taylor Morrison Home (NYSE:TMHC), cancer specialist Constellation Pharmaceuticals Inc (NASDAQ:CNST), and drugmaker Supernus Pharmaceuticals Inc (NASDAQ:SUPN). Here's a quick look at what's...Read More
Historical volatility is low on ATVIThe iShares Expanded Tech-Software Sector ETF (BATS:IGV) has mostly been in consolidation mode since August, struggling to break out above the $220 level. Not surprisingly, this price action is representative of the price action seen from one of the exchange-traded fund's (ETF) largest holdings, Activision Blizzard, Inc. (NASDAQ:ATVI). The video game company, al...Read More
The company just announced the discovery of a new strain of HIV The shares of Abbott Laboratories (NYSE:ABT) are inching higher following the pharmaceutical company's discovery of a new strain of Human Immunodeficiency Virus (HIV) called HIV-1 Group M, Subtype L. This discovery was published in the Journal of Acquired Immune Deficiency Syndromes (JAIDS), and highlighted how next-generation genome...Read More