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
Today's downgrade comes with little surprise for the financial nameBanking name U.S. Bancorp (NYSE:USB) is suffering this morning, already down 0.6% at $55.09, after receiving a downgrade to "underperform" from "neutral" at BofA-Merrill Lynch. In addition to the price-target cut to $53 from $55, the analyst in coverage warned of "execution risk" facing the company's premium valuation. USB is now...Read More
Corrective moves have occurred as option buyer sentiment has soured"[A] current risk to equity investors is this year's pattern of taking profits when key asset benchmarks reach levels that correspond to a 20% profit for 2019. If this pattern repeats, you will see a rotation out of stocks, and into bonds and gold ... On the sentiment front, one thing that has changed significantly from last week i...Read More
J.P. Morgan Securities boosted its AAPL price targetReports suggesting the White House wanted to curb capital flows to China sparked a bearish reversal in stocks on Friday. This morning, though, futures on the Dow Jones Industrial Average (DJI) are trading above fair value, after the Treasury Department said the Trump administration is not currently planning to block Chinese companies from listing...Read More
Cornish Lithium used equity platform Crowdcube to raise £1.4m over the summer from 1,200 investors, many of whom the company says are based in Cornwall.Read More
He said in an interview on the sidelines of this year's Denver Gold Forum in Colorado it took 20 years - far too long - to bring together Barrick and Newmont Goldcorp's Nevada gold assets. Bristow clearly sees them, together, as the jewel in the crowns of the world's two biggest gold companies, with a huge amount of value to unlock, he says.In a year since joining Randgold and Barrick - effectivel...Read More
De Beers Group Auctions has appointed Alastair Bickerstaff as its product development and sales head.The new role is an amalgamation of two instrumental elements of the business, namely product development and sales.AdvertisementAs the head of this new department, Bickerstaff’s mandate will be to develop greater synergy between the two functions and better address the product needs of custom...Read More
It has been said that entering the Elvey Security Technologies headquarters in the Greenstone Hill Office Park, in Modderfontein, Edenvale, is like boarding USS Enterprise on a Star Trek movie set.All the futuristic trappings are evident in this Hudaco company’s Pentagon demonstration room, where the highest of high-security outcomes are reached for organisations that demand towering securit...Read More
Stellar result for PolarXSPONSOREDpolarxCEO Dennis Thomas said Idaho born and bred McDermott had been instrumental in driving the Empire copper, zinc, gold and silver project forward, and in "establishing excellent relationships with the local people and regulatory authorities in Idaho".McDermott, 52, has worked in the industry for 27 years and led teams responsible for permitting, development, an...Read More
Stellar result for PolarXSPONSOREDpolarxAmerigo (TSX: ARG) has extended the repayment deadline for the outstanding US$56.25 million of a $99.7 million expansion facility from the end of next year to September 2023. The company can repay all or part of the four-year Scotiabank Chile and Export Development Canada term loan early without penalty.First payment is due under the restructured loan next M...Read More
IronRidge derisks through diverse discoveries SPONSOREDironridge resources Located in the Wadi Bidah mineral district in western Saudi Arabia, the Hawiah deposit consists of gold near the surface and copper-gold-zinc sulphide ore at depth.Through its joint venture Gold and Minerals (G&M), KEFI and local Saudi business ARTAR plan an initial 2,500m scout drilling program along the most prospecti...Read More
The #1 concern most Americans have when it comes to retirement is paying for health care.According to a recent survey from Merrill Lynch and Age Wave, those age 65 and over ranked health as their greatest source of worry.With rising health care costs and longer life expectancies, it's no wonder covering medical expenses tops most retirees list of retirement worries.Add to that an unpredictable fut...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 systemesAlthough still in its early stages, the electric vehicle (EV) revolution is triggering demand for a whole range...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 systemesLondon's favourite U-stock, Yellow Cake, is an example of what's happened as a promised U-revival has morphed i...Read More
The World Federation of Diamond Bourses (WFDB) presidents’ meeting, after a special session on blockchain technology and supply source traceability, has decided to take steps to further improve transparency in diamond transactions.The decision came after a debate on the conclusions of a panel discussion on traceability, provenance and blockchain technology.AdvertisementThe panel included sev...Read More
Gold continues to be resilient and the pullback I've been anticipating seems to be in the cards.For the year, gold is trading up over 15%.Technically, gold needs to close above last month's high of $1552 and $1560 in NY Gold Nearest Futures in order to continue higher.On the downside, as long as we hold $1,385 on a closing - not intraday - basis then the mid-term march higher remains intact.Silver...Read More
More victims may be trapped in the debris at an illegal gold mine near the Libyan border.Read full newsRead More
More victims may be trapped in the debris at an illegal gold mine near the Libyan border.Read full newsRead More
More victims may be trapped in the debris at an illegal gold mine near the Libyan border.Read full newsRead More
A preliminary economic assessment (PEA) of Highland Copper's (TSXV: HI; US-OTC: HDRSF) White Pine North copper project in Michigan envisions a 25-year mine producing an average of 40,000 tonnes of copper per year.The White Pine North project, 7.5 km south of Lake Superior in Ontonagon county, is an extension of the historical White Pine mine that operated from 1953 to 1995, during which time it p...Read More
(IDEX Online) - AIM-listed mining company BlueRock Diamonds plc recovered a 20.72-carat gem quality stone from the Kareevlei Diamond Mine in the Kimberley region of South Africa. This is the second stone recovered from the mine over 20 carats. The previous stone weighed in at 24.98 carats and sold for $190,000. "I am highly encouraged by the recovery of yet another significant stone whic...Read More