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
[BEIJING] Goldman Sachs expects nickel prices to reach US$20,000 a tonne in three months, a level not seen since May 2014, after Indonesia said it would expedite a ban on nickel ore exports by two years to the end of 2019. Read more at The Business Times.Read full newsRead More
Nickel prices in Shanghai hit a record high on Monday, while they jumped to to a...Read full newsRead More
It said it would also use the proceeds for working capital, corporate overhead, general and administrative purposes and to repay amounts owing pursuant to outstanding debentures.Read More
"I am pleased to report on a year of highs and lows, but one in which we achieved both revenue and profit growth," said Sylvania chief executive Terry McConnachie.Sylvania managed to increase FY19 net profit to US$18.2 million, up 66% on the previous year - despite producing 72,090oz versus the planned 76,000-78,000oz.The company's revenue was up 12% year-on-year in the 12 months to June 30,...Read More
Reports by various Hong Kong media outlets, such as the South China Morning Post (SCMP) said that this past Sunday, August 31, masked protesters had created chaos on Hong Kong's airport and damaged the railway station, causing travelers to head to the city on foot. SCMP reported that Sunday's protests had followed a night of violence after tens of thousands had joined an - illegal - mar...Read More
Nigeria's newspaper the Premium Times, published an article arguing that the country could earn well over $12 billion from gemstones annually if it would invest in gemological laboratory that would identify and grade to asses the value of the precious stones mined in the country. The paper quoted a Professor of Business Administration, Adesoji Adesugba, saying that this one of the conclusions...Read More
The Namibian news service New Era (NE) interviewed NamDeb's CEO Riaan Burger, asking how long NamDeb has before the firm's "onshore resources" run out. Burger said that the company, which has been mining diamonds since 1908, would have to close its mining operation at some point. "We have declining on-land reserves, but we also have opportunities. At the moment we can eco...Read More
The Macauhub news service reported that Angola's national diamond trading company, Sodiam had announced toward the end of August that the company had "suspended receiving proposals to buy rough diamonds because the demand is higher than the supply." Sodiam, which is a state-owned company, said it had halted the submission of bids for its rough. It stated that it had finalized purchasing agre...Read More
Aim-listed BlueRock Diamonds produced more than 50% of its overall output for the six months ended June 30 in May and June.Production for the two months reached 63 200 t.AdvertisementThe increase in production was achieved without the benefit of the planned plant improvements, the diamond miner said on Monday, adding that this was largely owing to the new management team having introduced str...Read More
White Gold turns heads as exploration steps up a gearSPONSOREDwhite gold corpBack then, Continental Gold was an early-stage exploration company yet to list on the Toronto Stock Exchange and access to the artisanal Centena mine where the Buritica project began either entailed aRead More
Theta's triumphant return to forgotten South Africa gold rush siteSPONSOREDtheta gold minesAmani Gold fires up ambitious growth moves in CongoSPONSOREDamani goldWhite Rock ready to roll with NSW gold projectSPONSOREDwhite rock mineralsThickened tailings deposition for closureSPONSOREDsrk consultingThe biggest winner among Australia's nickel producers was Western Areas, which added A39c (15.7%)...Read More
Pioneering geophysical work undertaken by Aim-listed Botswana Diamonds has identified kimberlite pipes buried at shallow depth on the company’s Thorny River prospect, in Botswana.The company says the targets identified are similar to the pipe that constituted the high-grade and famous De Beers Marsfontein mine, in so much as the pipe had little surface indication, owing to dolerite rock cove...Read More
The firm behind Scotland's first commercial gold mine says it is encouraged by soil samples from Glen Fyne.Read full newsRead More
Trade has played foul on Wall Street throughout August, sending the broad indices into a tailspin, thus compelling investors to flock to gold as a great store of value and hedge against market turmoil.Read full newsRead More
Christopher LewisAug 29, 2019 4:06 PM GMTGold markets went back and forth during the trading session on Thursday, as we continue to hover around the $1550 level. This is the top of the $50 consolidation box that we have been in for some time. We are reaching towards the top of the shooting star from the Monday session, but I think at this point short-term pullbacks will offer plenty of buying oppo...Read More
Investing.com - Gold prices were little changed on Friday,after a modest boost from U.S. inflation data failed to revive a rally driven by last week's escalations of the U.S.-China trade war. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange, rose $1.15, or 0.1%, to $1,538.05 a troy ounce by 9:15 AM ET (13:15 GMT).The precious metal pulled away from t...Read More
James Hyerczyk13 hours ago (Aug 30, 2019 11:56 AM GMT)Gold is inching lower on Friday on below average volume ahead of the long U.S. holiday weekend. The market is also trading inside yesterday’s range which suggests investor indecision and impending volatility. The market is in a position to close lower for the week after touching a multi-year high on Monday. The price action suggests the...Read More
As usual, during the summer months in the northern hemisphere, in August, price developments in rounds were few and mixed. In the 0.30-0.39-carat category, stones in high colors and commercial clarities saw some prices drop of up to 3.5 percent, but the next two categories, up to half a carat, saw a few price rises, in the commercial color and clarity ranges. In the categories from half a carat up...Read More
"May you live in interesting times." It's an expression I've been thinking about a lot lately. At its core, it's used ironically to wish a life of disorder, uncertainty, and strife on someone. Just look at what has been making the news recently: The President of the United States suggested dropping nuclear weapons on hurricanes to stop them from hitting the country. People are actually getting...Read More