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
The company appointed Mark Haywood as president and CEO in August, saying he had more than 25 years' industry experience including working for AngloGold Ashanti and had been a consulting miningRead More
Sirius' shares fell to 4.4p by midday Tuesday, down from 10p on Monday.Sirius needed to raise US$500 million via a bond sale to secure a $2.5 billion loan facility from JP Morgan, which would have funded development of the project.The company said on August 6 it had postponed the proposed note issuance due to market conditions. Today's announcement shows appetite for the bonds has not improved."Th...Read More
"We believe the RGMPs entail an important step in the right direction to support sustainable mining operations around the world," said AngloGold Ashanti CEO Kelvin Dushnisky.Read More
(IDEX Online News) - Jewelers of America (JA) and Jewelers Board of Trade are gathering data for the Retail Jewelers Benchmarking Study. The study will give a comprehensive overview of the jewelry market place. The organizations say the study is designed to bring retail jewelers the information they need to make informed decisions about their businesses that can improve profitability.The study, wh...Read More
(IDEX Online) - August U.S. retail sales grew 4.6 percent year-over-year. According to the National Retail Federation (NRF), sales also increased 0.4 percent over July. The numbers exclude automobile dealers, gasoline stations and restaurants.NRF's numbers are based on data from the U.S. Census Bureau, which reported that overall August sales - including auto dealers, gas stations and restaur...Read More
(IDEX Online) - Industry charity Jewelers for Children (JFC) has unveiled its 2019 Hope for the Holidays program. The program includes holiday greeting cards made from designs created by children representing St. Jude Children's Research Hospital. For the third year, Hallmark has donated all the printing for the cards.The three designs were created by children who were either patients at...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 AIM-listed copper and base metals producer is active in Kazakhstan and North Macedonia.Read More
Dear Rich Lifer,Although the U.S. economy continues to grow and add jobs, talk of the dreaded "R" word is on the rise due to a number of worrying signs.Yes, I'm talking about a "Recession".Between the ongoing trade war with China, an inverted yield curve, and the Federal Reserve lowering short-term borrowing costs, investors are starting to get spooked.A question I get asked a lot is what should r...Read More
Three years ago, foreign investors in Argentina could hardly believe their luck.Within weeks of taking office in December 2015, President Mauricio Macri rapidly dismantled much of the interventionist policies that had made the country a pariah in global financial markets for the previous decade.Gone were capital controls and tight restrictions on imports and access to foreign currency. The former...Read More
This episode features independent diamond analyst and consultant Paul Zimnisky, who presented at The Northern Miner's annual Diamonds in Canada Symposium at the TMX Broadcast Centre, in Toronto, on June 20, 2019. Paul goes in-depth on supply and demand fundamentals of the diamond industry, and why he believes marketing and branding will be crucial to the success of the natural diamond industry. Pa...Read More
After the collapse of the Iron Curtain, Eastern Europe was a rich hunting ground for mineral exploration companies. In the mid-1990s, I was part of a small, enthusiastic team assembled by Anglo American under the banner of its subsidiary, Minorco. Anglo essentially gave us carte blanche and a decent budget to conduct reconnaissance exploration along the Tethyan belt from Hungary through to Pakista...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 systemesPerhaps that's because former Anglo chairman Sir John Parker once intimated the average tenure of a mining CEO...Read More
Russian diamond miner Alrosa is considering the acquisition of Russia's largest producer and exporter of polished diamonds, Kristall, which is valued at 1.89-billion ruble.Kristall processes more than 200 000 ct/y of rough diamonds, with 90% of diamond feedstock supplied by Alrosa.Advertisement"On the back of the increasingly complex economic environment, Kristall has been going thro...Read More
A solid six years ago, I published an article and got all sorts of flak for it.One side was calling me a crackpot.The other said I was kidding myself and didn't do anywhere near enough research.One person said I must be an idiot who lived in my mom's basement. Thanks, buddy.And, of all the things, it was about big bank manipulation. You know that thing that was totally true.It seems like ages ago...Read More
The Fed meeting will kick off tomorrow, tooThe Dow kicked off the week with a triple-digit loss, snapping what was an eight-day winning streak. The big surge in oil prices was the talk of the town, as the Saudi Arabia attacks -- which create a massive disruption to crude oil production -- had energy stocks soaring, but sparked uncertainty over the impact to the global economy. The S&P 500 and N...Read More
I was instructed that if a client wished to sell futures I should simultaneously place both bids and offers with the intent of canceling the bids prior to execution...Read full newsRead More
J.P. Morgan Securities slashed its December 2020 price target on FDX to $168The shares of FedEx Corporation (NYSE:FDX) are lower today, after J.P. Morgan Securities cut its December 2020 price target by $4 to $168. This comes just one day before the shipping giant's fiscal first-quarter earnings report, slated for release after the close tomorrow, Sept. 17, and has the stock down 0.5% to trade at...Read More
HEAR is set to extend its daily win streak to threeThe shares of Turtle Beach Corp (NASDAQ:HEAR) are trading up 8% at $10.64, pacing for a third straight win. Options traders are reacting to this sharp move higher, with nearly 2,500 contracts traded so far -- four times what's typically seen at this point. The bulk of the action has occurred on the call side, with speculators potentially positioni...Read More
RIG's aggressive move higher is catching bearish traders off guardTransocean LTD (NYSE:RIG) stock is ripping higher, as oil prices spike in reaction to weekend drone attacks on Saudi Arabian crude production facilities. RIG shares are up 13.4% to trade at $6.50, gapping above their 100-day moving average -- currently perched at $6.00 -- for the first time since late April. This aggressive move hig...Read More
Newmont Goldcorp said on Sunday it has temporarily suspended operations at the P...Read full newsRead More