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

Short-term options are flying off the shelves for the equitiesGoldman Sachs weighed in on retail stocks Ralph Lauren Corp (NYSE:RL) and Levi Strauss & Co. (NYSE:LEVI), downgrading the equities to "sell" from "neutral." The brokerage firm cited inventory overhangs, due to "persistently tough first-half retail trends and an optimistic spring ordering season," and is particularly concerned for appare...Read More

CSX blamed trade conditions for its second-quarter earnings and revenue miss Transportation concern CSX Corporation (NASDAQ:CSX) is on course for its worst day in nearly two years, down 8.7% at $72.60 after the company unveiled second-quarter earnings and revenue that fell lower than analyst estimates. The company cited trade headwinds that weighed on its intermodal business, and it had to cut its...Read More

Redfin options can be had for a bargain right now, tooThe shares of Redfin Corp (NASDAQ:RDFN) are up 3.1% to trade at $17.64 this morning, after Susquehanna raised its outlook on the real estate name to "positive" from "neutral." The brokerage firm maintained its $23 price target on the stock, a 34% premium to last night's closing perch at $17.12.Yesterday, Redfin stock closed below recent suppor...Read More

The share have nearly tripled from their late-May lowsOrion Group Holdings Inc (NYSE:ORN) stock is up 8.7% in electronic trading, after the Texas-based construction concern won a $52 million contract. Specifically, ORN's marine business will provide dredging services for the South Texas Gateway Terminal project, and will provide design assistance for the marine terminal.Should today's pre-market p...Read More

NUS shares had already lost about half their value since an August peakNu Skin Enterprises, Inc. (NYSE:NUS) is one of the biggest pre-market losers this morning, last seen 21.9% in the red shortly before the open after the direct selling company made a sizable adjustment to the downside in its full-year forecast. NUS told investors the change is due to a number of factors, most notably weakness in...Read More

Bank of America is among the companies that reported Dow Jones Industrial Average (DJI) futures are hovering abovefair value today, following yesterday's snapped win streak, as another round of corporate earnings roll in. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also relatively flat, as traders digest quarterly reports from Bank of America (BAC), CSX Corp (CSX), and ASML Holding...Read More

Will the large swings we've seen over the past couple of months continue?A couple of weeks ago, I wrote about years that had a large percentage of positive days and a similar year-to-date return as 2019. The results were interesting, but numbers don't always capture the path taken to get to those numbers. For example, a year where the S&P 500 Index (SPX) steadily rose to a 20% gain by mid-July mig...Read More

Last year, the U.S. imported roughly 39,500 metric tons of graphite to meet its domestic needs.*Basically, lithium-ion batteries, which require a substantial amount of graphite continue to drive the demand for the commodity with no sign of it slowing down.So, when will the U.S. tap into this highly sought-after industry?The answer is still unknown, but we do know that it's in discussion. Anthony H...Read More

David BeckerJul 15, 2019 7:12 PM GMTGold prices moved sideways edging lower forming a bull flag continuation pattern which is a pause that refreshes higher. The dollar moved slightly higher on Monday after rallying most of last week. There were a combination of mixed issues creating both headwinds and tailwinds for market participants. US yields moved lower on Monday but yields in Europe fell fast...Read More

Adventus said it would use the proceeds of the offering, at $1 per share, towards exploration and development activities at the Curipamba project and Ecuador exploration alliance properties, plus forRead More

AGD Diamonds, the firm that operates and owns the Grib diamond mine in northern Central Russia announced it has recovered a gem-quality, deep lemon yellow diamond, weighing 47.61 carats, on July 13, 2019. The stone was found during the ore processing at Grib's processing plant. In a news release in Russian, AGD said the diamond is of an extremely rare deep lemon hue and is classified as a "h...Read More

The Swatch Group, which, apart from the Swatch brand itself, owns brands such as  Blancpain, Breguet, Glashuettel, Longines, Omega, Tissot, RADO and., last but not least, Harry Winston, published its performance report for the first half of 2019. The company reported net sales of CHF 4.078 million, 4.4 percent less than in 2018. Its profits dropped 13 percent, compared to 2018, to CHF 547 mil...Read More

The seventh edition of "Gold Italy" will open on October 26, 2019 in Arezzo, Italy. The three -day event is called International Business Workshop, instead of a show or fair, to emphasize the networking value of the three-day event, which will be held at the Arezzo Fiere Congressi Exhibition Centre. Gold Italy is part of and organized by the Italian Exhibition Group. According to the show manageme...Read More

The largest investment project of Russian diamond miner Alrosa, the Verkhne-Munskoye diamond deposit, produced a 63.15 carat diamond earlier this month. The rough stone came from the deposit's Zapolyarnaya pipe. The crystal has an octahedral shape with small chips on the edges and tops. The mined diamond is transparent with a yellow hue. The Verkhne-Munskoye diamond deposit is located in the...Read More

The World Gold Council published its "mid-year outlook" for 2019. The WGC explained that there are four attributes that make gold a valuable strategic asset, by providing investors with a source of return; low correlation to major asset classes in both expansionary and recessionary periods; a mainstream asset that is as liquid as other financial securities; and a history of improved portfolio ris...Read More

The 2019 Global Multi-Stakeholder SIDS Partnership Dialogue, which took place at the United Nation in parallel with the UN High-Level Political Forum on Sustainable Development (HLPF), focused on opportunities available to a group of 57 small-island developing states in the Pacific and Indian Oceans and the Caribbean, Mediterranean and South China Seas, examining how they may be advanced through m...Read More

Australian Vanadium targets growing energy-storage and steel marketsSPONSOREDaustralian vanadiumSaturn's high-grade discovery gives Apollo Hill a rocketSPONSOREDsaturn metalsGolden Mile goes back to the futureSPONSOREDgolden mile resources'When top miners commit to an aspiration, that does trickle down'SPONSOREDdeloitteGroup copper-equivalent production jumped 11% in the June quarter,...Read More

The following is an edited transcript of remarks made by Franco-Nevada CEO David Harquail at The Northern Miner's Canadian Mining Symposium held at Canada House in London, U.K., on May 22, 2019, speaking in his role as chair of the World Gold Council, followed by a brief question and answer session. For the full audio, listen to Episode 142 of The Northern Miner Podcast._________________________Da...Read More

Franco-Nevada CEO David Harquail speaks on his company's performance as well as the royalty business model at The Northern Miner's Canadian Mining Symposium held at Canada House in London, U.K., on May 22, 2019.Topics covered include Franco's growing profile of long-life assets; precious-metals royalties and streaming as a business model; succession plans with chairman Pierre Lassonde retiring nex...Read More

This is my final editorial for The Northern Miner, as I will soon depart to join gold miner Agnico Eagle Mines as a senior geologist in their Toronto head office, working on technical writing.After almost 23 years at the Miner, including the past 14 years as editor-in-chief, I've been overwhelmed by the hundreds of well-wishes coming in from around the world after my departure was announced, repre...Read More