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) - De Beers Group Auctions has appointed Alastair Bickerstaff as head of Product Development and Sales. The new role was created following the departure of the head of Sales and CRM and is intended to develop more synergy between product development and sales and to better address its customers product needs.The company said this appointment makes De Beers Group Auctions better placed...Read More
(IDEX Online) - Helzberg Diamonds is offering the ultimate wedding service for engaged couples - a wedding service. The jewelry retailer has ordained hundreds of its associates across the U.S. enabling all Helzberg Diamonds stores to perform legal marriage ceremonies.The associates have been ordained through a partnership with the Universal Life Church. To get married in-store, couples need t...Read More
(IDEX Online) - Diamonds from Zimbabwe and gold from the Democratic Republic of the Congo (DRC) are among items from five countries seized at U.S. borders over suspicions of forced labor. In a statement released yesterday, U.S. Customs and Border Protection (CBP) singled out gold mined in artisanal small mines (ASM) in eastern Democratic Republic of the Congo (DRC) and rough diamonds from the...Read More
JOHANNESBURG (miningweekly.com) – Modern, sustainable and innovative mining was capable of building thriving mining communities that were healthier, better educated and employed in greater numbers, Anglo American CEO Mark Cutifani said on Wednesday when he delivered a keynote address at the Joburg Indaba.Cutifani said communities and governments wanted the company to partner with them to ach...Read More
Global diversified miner Anglo American CE Mark Cutifani has been inducted into the South African Mining Hall of Fame for his contribution to the industry over the last 12 years.Anglo American South Africa has about 50 000 employees, working at own- and subsidiary operations in the diamonds, platinum-group metals, iron-ore and coal sectors, across the country.AdvertisementThe Joburg Indaba So...Read More
JOHANNESBURG – Zimbabwe accused the US of ignorance after the US Customs and Border Protection announced it’s blocking rough diamond imports from the Marange fields because they were produced with forced labor.“It’s unfortunate that the US authorities have been misinformed or misled to believe that Zimbabwe is mining diamonds through forced labor,” government spokesma...Read More
Hochschild Mining (LSE: HOC) has mined precious metal epithermal vein deposits in South America for nearly 50 years, and operates three underground mines: two in southern Peru, and one in southern Argentina. The mines produced 245,325 equivalent oz. gold, or 19.9 million equivalent oz. silver, in the first half of 2019, the second-highest production figures in the company's history.So investors co...Read More
White Gold turns heads as exploration steps up a gearSPONSOREDwhite gold corpSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedPoster South Africa mine regeneration on trackSPONSOREDorion mineralsLean mining and the fourth industrial revolutionSPONSOREDdassault systemesIt is often quoted that humans are appalling at making predictions, especially about the future.Read More
JOHANNESBURG (miningweekly.com) – The utilisation of new technologies could make mining a sunrise industry while simultaneously addressing safety and health issues, Minerals Council South Africa president Mxolisi Mgojo said on Wednesday.Responding to a question by Joburg Indaba chairperson Bernard Swanepoel following his keynote address, Mgojo said adoption of the Khumbul'ekhaya safety a...Read More
Shares had eased a little this afternoon, at a still respectable $1.16. It put about 25% of the local group into the open market.Read More
The 2020 election could see some major changes in the American economic system.The U.S. 2020 election will be one unlike America has ever seen, predicts oneanalyst.With both sides growing increasingly divided, it's impossible to know which way the sentiment will shift, and what will happen as a result.But one Stansberry analyst has concerns about what the future holds, and how a radicalized presid...Read More
The closely watched ISM manufacturing index cratered to a 10-year low last monthThe Dow got off to a rocky start for October, losing over 300 points after the ISM manufacturing indexhit its worst reading since June 2009. Respondents pointed to an increased impact from tariffs and the ongoing U.S.-China trade war, and this bleak data point sent stocks reeling ahead of next week's expected meeting b...Read More
Silver Spruce is pleased to announce that it has completed field crew preparation for the Melchett Lake Zn-Au Ag volcanogenic massive sulphide project.Read full newsRead More
The shares are making sharp moves today Anheuser-Busch Inbev NV (NYSE:BUD) is trading down 2.2% today at $93.07, but some options traders apparently are expecting a quick turnaround. The weekly 10/4 series is popular, and on the call side new positions are opening at the 95.50-, 96-, and 96.50-strikes. Those buying the calls expect BUD shares to move higher by the close this Friday, Oct. 4, when t...Read More
FCX is pacing toward its fourth straight lossFreeport-McMoRan Inc (NYSE:FCX) stock is lower with copper prices today, last seen down 4.3% at $9.16, headed toward a fourth straight loss. Nevertheless, options traders are making a beeline toward FCX calls, betting on a big bounce for the mining shares. With just under two hours left in today's trading, around 59,000 calls have changed hands -- doubl...Read More
Momentum Public Relations Press Release: September 18, 2019 Crystal Lake Mining Corporation (TSXV: CLM OTC: SIOCF FSE: SOG-FF) ("Crystal Lake" or the "Company") is pleased to announce the intersection of shallow high-grade gold mineralization at Crystal Lake's Newmont Lake Gold Corridor. The new results are crucial as they provide evidence of a thick unit of unusually high-grade gold mineraliz...Read More
With the outlook for gold price being positive (the recent interest rate cut by Fed, which was the second cut of 2019, has reaffirmed this outlook), and with the sector witnessing major deals and consolidation this year, it would be interesting to see how the top 2 gold mining companies...Read full newsRead More
AMTD stock hit a new low earlier on sector headwindsThe U.S. stock market is selling off today after dismal manufacturing data. Among individual names making notable moves are broker TD Ameritrade Holding Corp. (NASDAQ:AMTD), steelmaker United States Steel Corporation (NYSE:X), and chip stock Xilinx, Inc. (NASDAQ:XLNX). Here's a quick look at what's moving the shares of AMTD, X, and XLNX.TD Amerit...Read More
Noble Mineral Exploration Inc. (TSXV:NOB) today announced its plan to create the Canada Nickel Company.Read full newsRead More
Call buying has been hot on ZTS, but call writers have focused on the October 125 callZoetis Inc (NYSE:ZTS) has been on a brilliant run higher this year, up 46% in 2019 and touching an all-time high of $130.08 on Sept. 9. Following a brief pullback, options traders have been betting on another run higher, with call buying ramping up at theInternational Securities Exchange (ISE), Cboe Options Excha...Read More