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
Diamond-producing countries on the African continent received about $8.1-billion in 2018, or 9.5% of the $85.9-billion worth of revenues generated from the sale of diamond jewellery, and some still may consider that an insufficient share, World Diamond Council (WDC) president Stephane Fischler told delegates attending the Russia-Africa Summit in Sochi, Russia, earlier this week.He stressed t...Read More
Golden Mile goes back to the futureSPONSOREDgolden mile resourcesProduction from Katanga rose by 13% quarter on quarter to 59,400 tonnes, while a shutdown at one of the copper smelters at Mopani saw output at the mine plummet from 10,300t in Q2 to 1,200t in Q3.Read More
Polymetal building with good momentumSPONSOREDpolymetal internationalMather told the Gold and Alternative Investments Conference in Sydney that SolGold was the "most important company to evolve in the past 10 or 20 years".Read More
Golden Mile goes back to the futureSPONSOREDgolden mile resourcesThat's in addition to the group's 2019-20 spend of $30 million across its Australia and US holdings, with the former looking for a repeat of the miner's highly profitable DeGrussa copper-gold mine in Western Australia's Bryah Basin. Golden Mile goes back to the futureSPONSOREDgolden mile resourcesSimich said the addition of MOD'...Read More
Oriole's deepening footprint in West Africa is paying offSPONSOREDoriole resourcesPoster South Africa mine regeneration on trackSPONSOREDorion mineralsSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftTo help it get there, it would eliminate up to 500 permanent jobs, "some of which we exp...Read More
Between 2000 and 2017 deaths from heart disease have decreased 9% while deaths from alzheimer's have increased 145%.According to the Alzheimer's Association, an estimated 5.8 million Americans of all ages are living with Alzheimer’s dementia in 2019.By 2050, the number of people age 65 and older with Alzheimer's dementia may grow to a projected 13.8 million, barring no medical breakthroughs...Read More
Oriole's deepening footprint in West Africa is paying offSPONSOREDoriole resourcesPoster South Africa mine regeneration on trackSPONSOREDorion mineralsSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftWell so much for that World Cup. It was fun while it lasted but, in the end, we got abou...Read More
The initial purchase order is for about A$170,000, including annual software subscription for the first year and implementation fees.Read More
Vale's net profit rose to US$1.654 billion or 32c per share from $1.408 billion or 27c in the year-ago period, but missed average analysts forecasts of 51c per share.Bartolomeo said a resumption in paying dividends or share buybacks would depend on progress in repairing the damage from its Brumadinho tailings dam collapse early this year, which killed more than 250 people."As for capital allocatio...Read More
Oriole's deepening footprint in West Africa is paying offSPONSOREDoriole resourcesPoster South Africa mine regeneration on trackSPONSOREDorion mineralsSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftVale's net profit rose to US$1.654 billion or 32c per share from $1.408 billion or 27c i...Read More
Russian diamond miner Alrosa has unearthed its largest gem-quality diamond in more than three years: a 232.4-ct stone that was unearthed at the Udachnaya kimberlite pipe.The diamond has a yellowish hue and several chips. Its dimensions are 40 ?... 39 ?... 23 mm.Advertisement"Such large gem-quality crystals are extremely rare. Of course, they are present at Alrosa’s deposits, but we have...Read More
Over the past six months, the market has essentially stalled. The S&P 500 is at 3,005 now, just about 2.5% higher than it was in April.In that time:We've had the Fed reverse course on interest rates.The trade war with China has escalated.We've careened from one foreign policy blunder to another.We got the Mueller Report, but we're seeing impeachment proceedings over a Ukraine scandal.The manufactu...Read More
Ash was Barrick Gold's CIO for three years until the end of 2018.It is unclear if she'll continue as chair of the Global Mining Guidelines Group.Ash has worked in the mining and manufacturing industries for more than 20 years and was named in the 2016 list of "100 Global Inspirational Women in Mining" by Women in Mining UK."Michelle will help shape strategy to build growth across the Natural Resou...Read More
Gold is not rising on higher chances that a US-China trade deal will be done next week. Federal Reserve is expected to cut interest rates next week. Brexit will also be on focus. Rest there are no new factors. A US-China trade deal can result in a short term correction in gold and silver. However I will prefer to use sharp dips to invest in gold and silver. To all my readers, I have been a hardc...Read More
Gold is not rising on higher chances that a US-China trade deal will be done next week. Federal Reserve is expected to cut interest rates next week. Brexit will also be on focus. Rest there are no new factors. A US-China trade deal can result in a short term correction in gold and silver. However I will prefer to use sharp dips to invest in gold and silver. To all my readers, I have been a hardc...Read More
Russia's largest oil company Rosneft has fully switched the currency of its...Read full newsRead More
Australian lithium miner Galaxy Resources Ltd said on Thursday it will scale bac...Read full newsRead More
Canada's largest diversified miner will continue to forge ahead with its key Quebrada Blanca Phase 2 project in Chile.Read full newsRead More
Rockhaven Completes Diamond Drill Program at its Klaza Gold-Silver Project, Yukon.Read full newsRead More
Microsoft's earnings beat couldn't pull the Dow back from 3M's dismal dayMore lackluster blue-chip earnings sent the Dow down 28 points today. Specifically, 3M (MMM) weighed on the index after slashing its full-year guidance, with that negative reaction offsetting a strong quarterly earningsreport from Microsoft (MSFT). In fact, it was a mixed day for earnings across the board. Outside the Dow, Tw...Read More