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

I've been to Italy four times, including my most recent trip two weeks ago. So it's really interesting to look at the different foreign exchange rates in place at the time of my various visits.Just as an example, on this most recent trip I was getting roughly 21% more for my money than the last time I visited four years ago. That makes a huge difference!Of course, unless they're frequent travelers...Read More

Dear Reader,If the supply of money in an economy is $1 billion, each unit of currency buys X (the purchasing power of each unit of currency).If the money supply is doubled without any expansion in the consumers' pool of goods and services, the purchasing power of each unit of currency falls in half. This reduction in the purchasing power of each unit of currency is called inflation.Governments fac...Read More

San Francisco, California November 5, 2019Editor's note: We've discussed Modern Monetary Theory, which is essentially money printing on a colossal scale, in The Daily Reckoning before. Today Charles Hugh Smith gives you an objective account of MMT and arrives at a disturbing conclusion.Dear Reader,We've heard a lot about Modern Monetary Theory (MMT) for several months now. The Daily Reckoning has...Read More

Four years ago, Argentines elected Mauricio Macri as their president on his promise to fix the country's troubled economy after 12 years of populist government under Cristina Fernandez de Kirchner and her husband Nestor Kirchner.Macri - who comes from a wealthy family and was the first centre-right president to lead Argentina since its return to democracy in 1983 - took office in December 2015.T...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 maplecroftEven positive newsflow from the likes of Pan African Resources and Bushveld Minerals hasn't significantly moved...Read More

Shares of gold producer Guyana Goldfields (TSX: GUY) dropped as much as 38% on a weaker-than-expected performance during the third quarter from its wholly owned Aurora gold operation in western Guyana.Gold output for the three months ended Sept. 30 came in at 22,100 oz., a record low since the open-pit mine started commercial production at the beginning of 2016, and well below market expectations,...Read More

Trish SaywellThis episode features an interview with acting editor-in-chief and senior reporter Trish Saywell on John Felderhof and his life after Bre-X. Trish discusses what it was like to spend three days with Felderhof in the Philippines and what his views were on one of Canada's biggest financial scandals.All this and more with online editor and host Adrian Pocobelli.Music Credits:"Rattlesnak...Read More

Maptek has more than 320 employees and generates more than A$100 million a year of sales. The 40-year-old business has enjoyed strong growth in the past three years on the back of its broad global customer base, and sales and support network, and new product releases.Peter Johnson told Mining Journal earlier this year: "Overall it's a very exciting time to be working in this space. We enjoy very p...Read More

The Lesotho government has renewed the mining lease for LSE-listed Gem Diamonds’ Letšeng mine, CEO Clifford Elphick confirmed on Tuesday.The terms of the renewed mining lease were agreed with the Lesotho Mining Board following a statutory negotiation process. The lease was renewed for an immediate period of ten years with exclusive rights granted to Letšeng to renew the mining...Read More

There is no denying that this year has been rough for marijuana stocks.After last year, when investors put $10 billion into the new sector and drove share prices higher and higher, it was bound to happen.You don't have to look any further than the ETFs that have popped up. The more established ETFMG Alternative Harvest ETF is down around 20%. Some of the ones that debuted this year are down as muc...Read More

Angkor Resources Corp. CEO Stephen Burega is pleased to announce the results of a drill program at its Koan Nheak license.Read full newsRead More

Renforth Resources Inc. has successfully extended the Beaupre copper/silver discovery on Renforth's wholly owned Malartic West property.Read full newsRead More

Skateboarding legend Tony Hawk has launched a CBD balm while calling for more research into the health benefits of cannabis-derived products.Read full newsRead More

The Dow, S&P, and Nasdaq all had nice daysIt was another big day for stocks in the U.S., as the major indexes spent the session in the black and hit fresh record highs. The Dow closed off its intraday peak, but still managed to overcome the weakness in McDonald's (MCD) shares to post a solid win. It was a similar setup for the Nasdaq and S&P 500, with the latter index brushing off Under Armour's (...Read More

In polite company, the idea of putting the country through a presidential impeachment isRead full newsRead More

The firm posted better-than-expected sales for its Xpovio drug The shares of Karyopharm Therapeutics Inc (NASDAQ:KPTI) hit an annual peak of $14.20 earlier, and are eyeing their highest close since a massive bear gap last October, following the drugmaker's third-quarter results. The firm posted a slimmer-than-expected per-share loss of 67 cents, and $12.8 million in sales for its multiple myeloma...Read More

Newrange Gold Corp. is pleased to announce that the Company has entered into an agreement with GoldMining Inc.Read full newsRead More

BLUE, BB, and BNTX all received upbeat analyst attention todayThe U.S. stock market is soaring once more, with all three benchmarks nabbing new record highs. Among specific stocks making notable moves higher are gene therapy specialist bluebird bio Inc (NASDAQ:BLUE), tech issue BlackBerry Ltd (NYSE:BB), and biotech BioNTech SE (NASDAQ:BNTX). Here's a quick look at what's moving the shares of BLUE...Read More

Golden Predator reports significant gold mineralization in 9 of the 10 initial drill holes from its Fall 2019 exploration program at Brewery Creek.Read full newsRead More

Silver Viper Minerals Corp. (TSXV:VIPR) is pleased to announce mobilization of an exploration crew to La Virginia.Read full newsRead More