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
Thickened tailings deposition for closureSPONSOREDsrk consultingSaturn's high-grade discovery gives Apollo Hill a rocketSPONSOREDsaturn metalsAustralian Vanadium targets growing energy-storage and steel marketsSPONSOREDaustralian vanadiumLake Resources prepares to make a splash in lithium SPONSOREDlake resourcesIn a series of closely-related developments over the past few days, the leading non...Read More
The De Beers Group Designers Initiative’s Shining Light Awards this year encouraged participants to showcase how they celebrate heroines and heritage in their respective countries.Fashion and jewellery gurus from Botswana, Namibia, South Africa and Italy converged in Gaborone, Botswana, over two days in July, to review this year's entries.AdvertisementAccording to the panel of judges, gr...Read More
European Central Bank (ECB) President Mario Draghi publicly announced last week that the outlook is getting "worse and worse," to no surprise of anyone with a calculator and some basic critical thinking skills.The ECB decided to hold rates steady last week but made it clear that stimulus from the ECB is on the way.The European Central Bank president also said last Thursday that it is unquestionabl...Read More
Scientists have discovered a pair of white dwarfs that might one day produce a major gravitational wave discovery, according to a new paper.Read full newsRead More
Gold miner Newcrest Mining Ltd said on Thursday its gold output rose 4.2% in the...Read full newsRead More
Scientists have discovered a pair of white dwarfs that might one day produce a major gravitational wave discovery, according to a new paper.Read full newsRead More
Rio Tinto's planned closure of the Argyle mine in 2021 is set to reduce Australia's rough diamond output by 99 percent, GlobalData anticipates. The mining output will decline to just 137,000 carats from the current level of 14.2 million carats. GlobalData reported that Australia's supply of rough diamonds has relied entirely on Argyle after the suspension of the Ellendale mine in 20...Read More
Diamond mining giant Namdeb, owned 50/50 by the Namibian government and De Beers Group has signed a historic three-year substantive wage agreement with the Mineworkers Union of Namibia (MUN) that unlocks new opportunities for the parties and the town of Oranjemund. The agreement signed by Namdeb CEO Riaan Burger and MUN branch chairperson Shavuka Mbidhi on Friday will enable Namdeb employees to pu...Read More
Fitsch Solutions. a risk management agency, reported that Endiama, Angola's state-owned diamond mining company, will be privatized, with a portion of its capital to be sold on the country's growing stock exchange, the BODIVA. Fitsch reported that in May 2019, President Lourenco had presented a plan to create a National Solid Mineral Resources Agency in 2020 that will replace Endiama as...Read More
Gold futures for August delivery on the Comex division of the New York Mercantile Exchange inched up 0.1% to $1,415.25 a troy ounce by 1:13 AM ET (5:13 GMT).The yellow metal was under some pressure earlier in the day after data showed new orders for durable goods in the U.S. rose by more than double the forecasts for June.Core capital goods orders also beat expectations by much more than expected,...Read More
Berenberg downgraded Petra Diamonds Ltd as it is concerned that the miner to will need an equity financing soon. The bank, which had upgraded Petra in April, as planned deleveraging was expected to drive an equity re-rating, cut its rating back to 'sell. Petra's latest quarterly statement and guidance for 2020 highlighted that deleveraging "would be slower than we had anticipated". Furt...Read More
Publisher's Note: President Trump recently nominated a prominent gold bug, Judy Shelton, to the Fed and the politicians and partisans on both sides are abuzz.Read on for an excerpt from The Dines Letter for a realistic look at how investors should consider the Fed, currencies, and gold.Call it like you see it,Nick HodgeHe is rich who owes nothing, and is satisfied....Read More
A large chunk of Australia is built on mineral exports, and here INN takes a look at the country's five most valuable exports.Read full newsRead More
Guyana gold deposits appear to be comparable to those of West Africa due to similar mineralization found across both continents.Read full newsRead More
Positive earnings reactions for GOOGL and SBUX fueled upside for stocksEarnings drove stocks higher today, with positive reactions for Alphabet (GOOGL) and Starbucks (SBUX) pushing the S&P and Nasdaq to new record highs. The Dow brushed off an early dip to swing higher, too, led by strong sessions for Coca-Cola (KO) and Procter & Gamble (PG). The upside came even as National Economic Council Direc...Read More
KO, TWTR, and SBUX were notable earnings winners this weekThis week was all about the earnings. Amid a host of blue-chip quarterly reports, the Dow spent most of the week in a choppy trading pattern. The Nasdaq and S&P 500, on the other hand, both nabbed new record highs andit looks like all three benchmarks will lock up weekly wins. But earnings seasonwasn't the only talking point on Wall Street...Read More
CannTrust just fired its CEO Peter AcetoCanada-based pot stock CannTrust Holdings Inc (NYSE:CTST) announced last night that it fired CEO Peter Aceto and forced the resignation of President Eric Paul. The terminations closely follow several reports that Paul and Aceto were aware of illicit grow rooms in Southern Ontario, discovered by authorities last month. It has been a rough couple of months fo...Read More
EHTH sports a monstrous year-over-year lead that's approaching 400%The S&P 500 hit a record high today thanks to strong corporate earnings. Two names to monitor in today's trading are online health insurance service eHealth, Inc. (NASDAQ:EHTH) and logistics technology expert Flex Ltd (NASDAQ:FLEX). Here's latest on the shares of EHTH and FLEX. Analysts See More Upside For eHealth StockEHTH shares...Read More