The precious metals all soared in 2025, and while a continued monetary expansion and geopolitical risk could still drive gains especially for gold in 2026, a pullback in silver, platinum and palladium is possible after recent partly speculative surges.Read More
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
NBEV has lost more than half its value since AprilOne of the best stocks on the Nasdaq this morning is New Age Beverages Corp (NASDAQ:NBEV), up 12.4% to trade at $3.13, on track for its best single-session gain since April 9. This is after Japan's Narcotics Control Division and the Ministry of Health approved the company's cannabidiol (CBD) products, allowing New Age's CBD-infused items to be s...Read More
The auto seller's second-quarter earnings and revenue both exceeded analysts' estimatesThe shares of auto retailer CarMax, Inc (NYSE:KMX) are popping today, after the firm reported second-quarter earnings of $1.40 per share on $5.2 billion in revenue -- both of which topped analysts' expectations. The company cited a boost from online sales for its earnings beat. KMX stock is 3.9% higher at $90.30...Read More
It's a busy morning for updates on U.S.-China tradeFutures on the Dow Jones Industrial Average (DJI) are above fair value this morning, on news U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer will hold trade negotiations with Chinese Vice Premier Liu He in Washington in early October. Additionally, a Bloomberg report indicated Beijing issued new tariff exemptions...Read More
S&P returns could underwhelm following the recent low in this put/call ratioOne of the investor sentiment indicators we track internally here at Schaeffer's is the 10-day moving average of the equity-only, buy-to-open put/call volume ratio. This metric reflects all customer-driven, buyer-initiated option volume across three major options exchanges -- the International Securities Exchange (ISE), Cb...Read More
The company, the world's largest copper producer, aims to align its debt profile with the timelines when its structural development projects such as Chuquicamata underground, a new mine level at El Teniente, the Inca mine at Salvador, and the mine-plant transfer system at Andina, will be in full production. "These projects account for three-quarters of the expected output 10 years from now," the c...Read More
"Today's recovery not only demonstrates the quality of Petra's asset base, as the Cullinan diamond mine remains a significant source of rare blue diamonds, but it again confirms the prevalence of exceptional stones in the Cullinan orebody as well as the ability of the mine's plant to recover the full spectrum of diamonds," Petra said on Monday.Blue diamonds have become one of the world's most soug...Read More
(IDEX Online) - Sodiam chairman Dr. Eugenio Bravo da Rosa took part in the ribbon-cutting ceremony opening the World Federation of Diamond Bourses Presidents Meeting this morning.Sodiam is the state-owned Angolan National Diamond Trading Company, which controls the purchase, sale and import and export of diamonds in Angola.The participation of the Angolan delegation underscores the country's...Read More
(IDEX Online) - The DMCC has opened the Dubai Design Academy (DDA) to increase the standard of jewelry design in the emirate. The Academy will equip students with innovative design development training and practical experience in the latest CAD designing and manufacturing technology.The DDA has formed an educational partnership with Gemvision USA to offer professional courses for various levels of...Read More
(IDEX Online) - The Cullinan diamond mine continues to give up its treasures. The latest noteworthy find from the celebrated mine is a 20.08-carat gem quality Type IIb blue diamond.Petra Diamonds Limited, which operates the South African mine, said in a statement that Cullinan remains a significant source of rare blue diamonds. The miner added that it once again confirms the prevalence of exc...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 systemesUnder a 2016 agreement, WPM has committed to fund upfront cash payments of $140 million for development work on...Read More
Stellar result for PolarXSPONSOREDpolarxThe company, the world's largest copper producer, aims to align its debt profile with the timelines when its structural development projects such as Chuquicamata underground, a new mine level at El Teniente, the Inca mine at Salvador, and the mine-plant transfer system at Andina, will be in full production. "These projects account for three-quarters of the e...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 systemesThe Toronto-based miner on Monday refuted Bloomberg reports last week saying the company was drawing preliminar...Read More
Dear Rich LiferLast week, I explained why Elizabeth Warren's plan for Social Security - while philosophically flawed - at least made more sense than Andrew Yang's "freedom dividend" plan.But let me tell you, Beto O'Rourke's plan to forcibly buy back all the AR-15 and AK-47 rifles in the United States takes the cake as the most outrageous proposal we've heard from a Democratic candidate.It doesn't...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 systemesShares have been flying off the shelf ever since a report - albeit commissioned by the company - outlined compe...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 systemesFittingly, circular-economy advocates refer to industries as having ‘value cycles,' not ‘value chai...Read More
Hundreds of thousands of youth around the globe protested last week against government and corporate inaction on the climate crisis.They congregated in cities on every continent - from Johannesburg to Nairobi, New York to San Francisco, Berlin to Warsaw, Lahore to New Delhi, Melbourne to Brisbane - making their voices heard in a world run by adults they say aren't doing nearly enough to curb green...Read More
Falco Resources' (TSXV: FPC) Horne 5 project contains 7 million oz. gold. It might contain just as many questions.Perhaps the biggest one is whether or not Falco will secure a fair operating agreement with Glencore (LON: GLEN), which operates the Horne smelter next-door, and essentially acts as a landlord on Falco's land package through various property agreements.Both parties met in July and agre...Read More
This episode features Miles Welch, manager of diamond secondary industry development, Government of Northwest Territories, who presented at The Northern Miner's annual Diamonds in Canada Symposium at the TMX Broadcast Centre, in Toronto, on June 20, 2019. Miles goes in-depth on the challenges of mining in the Northwest Territories, including its prohibitive costs and small workforce, and what the...Read More
The operation was suspended for security reasons in early August after an incident involving police where an unauthorised artisanal miner died and some equipment was damaged.Rosebel partially resumed operations four weeks ago and was expected to be fully ramped up in 30 days, IAMGOLD said.The company had last month reduced its 2019 attributable production guidance from 810,000-870,000 ounces to 76...Read More
Gold is back in a short-term bull mode with prices creeping up from $1,500 over the last three days of trading.As for the big picture? A lot could happen, sure, but it is looking good.The problems causing renewed interest in gold as a hedge and as a safe haven have no clear resolution.To sum it all up, five major trends are in place that are acting as bullish catalysts for gold trades. Combining t...Read More