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
XAR hit a record high earlier this weekDefense stocks have been in focus this week, following weekend drone strikes against crude production facilities in Saudi Arabia prompting U.S. President Donald Trump to tweet about new sanctions on Iran -- which is behind the airstrikes, according to the White House. The bulk of this price action has been to the upside, with the SPDR S&P Aerospace & Defense...Read More
vTv Therapeutics just presented upbeat data for its mid-stage diabetes treatment The shares of pharmaceutical issue vTv Therapeutics Inc (NASDAQ:VTVT) are up 3.5% at $1.78 this morning, following promising results for the company's mid-stage study of its diabetes treatment, TTP399. VTVTsaid the new therapy was able to reduce daily mealtime bolus insulin doses by 23%. The equity is eyeing its highe...Read More
Most of the action is occurring on the put sideFedEx Corporation (NYSE:FDX) stock is spiraling this morning, after the shipping giant reported lower-than-expected fiscal first-quarter adjusted profit of $3.05 per share and revenue of $17.05 billion. FDX also cut its full-year profit forecast to a range of $11 to $13 per share, less than the consensus estimate, citing headwinds from the U.S.-China...Read More
Newmont Goldcorp said on Sunday it has temporarily suspended operations at the P...Read full newsRead More
Cybercriminals profit by infiltrating dozens of businesses or public agencies with a single attack, while the beleaguered managed service providers and their incapacitated clients squabble over who should pay the ransom or recovery costs.Read full newsRead More
Wedbush is seeing strong signs for the iPhone 11Apple Inc. (NASDAQ:AAPL) is trading up 0.2% at $221.20, after Wedbush said more than 185 million iPhone 11 units will be shipped in the company's 2020 fiscal year, driven by strong underlying demand in China. Still, the brokerage firm also said pre-ordering has been good in the U.S., while adding that the iPhone remains the "hearts and lungs" of the...Read More
ADBE has now shed 12% off its July peakThe shares of Adobe Inc (NASDAQ:ADBE) are down 3.6% to trade at $275.82 this morning, after a mixed quarterly report. The software company reported adjusted fiscal third-quarter earnings of $2.05 per share on $2.83 billion in revenue, topping forecasts for a $1.97 per-share profit on $2.82 billion in revenue. However, Adobe also trimmed its current-quarter r...Read More
August housing starts were higher than expected Dow Jones Industrial Average (DJI) futures are trading cautiously below fair value ahead of this afternoon's Federal Open Market Committee (FOMC) policy decision and subsequent press conference from Fed Chair Jerome Powell. The central bank is expected to drop its key interest rate by one-quarter percentage point, and traders will look to Powell's pr...Read More
Oil generally pulls back the day after a big spikeOil prices spiked over the weekend after drone attacks on oil facilities in Saudi Arabia. The price reverted some yesterday, though, after reports that oil production would be back to normal sooner than expected. I've gathered the data on how crude typically behaves after significant daily price shocks to see if there's a high probability trade in...Read More
US president Donald Trump has repeatedly called for lower interest rates, tweeting earlier this week "Will Fed ever get into the game?"Geopolitical concerns remain over trade issues, Brexit and the situation in the Middle East, where Saudi Arabia is reportedly on track to restore oil processing to pre-attack levels by the end of this month.Gold remains above US$1,500 an ounce on the spot market, a...Read More
Diamond major Alrosa said Tuesday it had agreed a deal with the Russian government, the terms of which were outlined in a decree signed by Russian prime minister Dmitry Medvedev. An independent appraiser valued Kristall at RUB1.886 billion (US$29.3 million), Alrosa said.A deal has been in the offing for some time. Russia's deputy finance minister Alexei Moiseev previously said he expected it to ha...Read More
Police were expected to formally accuse eight to 12 people from both companies for the crime of false representation, a person familiar with the probe told the Wall Street Journal."The accused individuals invented an inadequate methodology to justify giving the dam the minimum safety rating," the person said.A TÜV SÜD spokeswoman told the paper the company wouldn't comment on the case bu...Read More
(IDEX Online) - Lucara Diamond Corp. has recovered a 123-carat, gem-quality top white Type II diamond from the Karowe Diamond Mine in Botswana. So far this year, Karowe has yielded 22 diamonds larger than 100 carats, with six stone exceeding 200 carats. The mine also yielded the 1,758-carat Sewel?? ? diamond, the largest diamond ever recovered in Botswana.Lucara also announced it had recovere...Read More
(IDEX Online) - British jeweler Beaverbrooks is getting a jumpstart on the holiday season with the launch of its ?, ?100,000 ($125,000) advent calendar. The "diamond a day" calendar includes diamond rings, necklaces and earrings. As reported by Metro, the calendar features 25 drawers that the lucky owner will open in the countdown to Christmas. Nestled inside are a Once platinum diamond solit...Read More
(IDEX Online) - Sarine Technologies Ltd has signed a signed a strategic framework with Chinese gemological lab the National Gemstone Testing Center (NGTC). The two sides said they aim to implement artificially intelligence (AI) based 4Cs and light performance grading, diamond traceability and fingerprinting and other digital solutions for the retail trade in China.Sarine and NGTC also said they wo...Read More
(IDEX Online) - The diamond industry continues to reshape itself with the announcement that Alrosa is considering buying state-owned Kristall from the Russian Federation. The production corporation has been valued at RUB 1.886 billion ($29 million). Kristall process over 200,000 carats of rough diamonds a year, of which 90 percent supplied by Alrosa.After the consolidation, Alrosa's shar...Read More
Stellar result for PolarXSPONSOREDpolarxThe company has completed 8,000m of a 25,000m drilling programme with the aim to continue to grow the deposit, and with C$5 million in the bank and four drill rigs turning at a $20 million annual burn-rate, will look to finance before year end. "We are evaluating different pathways such as a strategic investor, which could come in at a premium without paying...Read More
IronRidge derisks through diverse discoveries SPONSOREDironridge resources Palmer told Mining Journal sister title Read More
A loaf of bread in 1913 cost just over 5 cents. Eggs would set you back 37 cents a dozen. And a gallon of milk 35 cents.Grocery prices today are a bit different…A dozen eggs will run you $1-2. A loaf of bread costs on average $2.50. And a gallon of milk is around $3.10.While the average price of food has climbed over the past 100 years, Americans are actually spending far less on groceries t...Read More
Tim Marsh likes to say that it took 150 drill holes to hit the high-grade core of the massive Oyu Tolgoi copper-gold porphyry deposit that made the Mongolian discovery economic.That's one of the reasons why the junior exploration company he leads - Bell Copper (TSXV: BCU) - has named its copper-porphyry project Perseverance.Since 2007, the mining executive, who has a PhD in geology from Stanford U...Read More