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

Base metals appeared to benefit from the special bond issuance announcement from China's Ministry of Finance, Marex Spectron's Dee Perera noted, saying it impacted the ferrous market and nickel and zinc in particular.Iron ore 62% fines rose 5.7% to US$106.05 per tonne according to MySteel.BHP (ASX: BHP) was up more than 2.7% in Australian trade this afternoon.Australian gold miners were also havin...Read More

Glenn Nord, a former president of the Gemological Institute of America (GIA) passed away on Sunday, June 9. Throughout his more than 50-year association with GIA, Nord was a student, instructor, president and member of the Institute's Board of Governors. GIA published a news release that said that Nord's "contributions are numerous, his influence far-reaching and his legacy enduring. His...Read More

Alrosa, the world's largest diamond miner in volume, said that in May of this year it had sold $266 million of rough and polished diamonds. Rough diamond sales amounted to $261.1 million, while polished diamond sales stood at $5 million. The Russian miner's total rough and polished diamond sales in the January-May period came to $1.589 billion - $1.5649 billion of rough and $24.1 million...Read More

For more than 1000 years, India was the world's principal producer of diamonds, with Arabs and Persians dominating the trade between India and Europe. In those days, diamonds were valued mostly for their talismanic properties or as carving tools, owing to their extreme hardness and the fact that it was impossible to cut and polish them into beautiful gems. On June 19, Christie's in New...Read More

A license to operate a diamond mine in Angola has returned to the state because the company to which it had been granted, Sociedade Mineira de Camachia Camagico, had accumulated debts in excess of US$530 million, it was reported in the Angolan press. The decision announced on Saturday by the president of Angolan diamond company Endiama, Ganga Junior, is due not only to debts to creditors, supplier...Read More

TSX- and Nasdaq-listed Mountain Province Diamonds has discovered a new kimberlite at its Gahcho Kué joint venture (JV) leases – the first to be discovered in the area in more than two decades.The Wilson kimberlite, which was named after Canada’s first female geologist, Alice Evelyn Wilson, is located about 200 m east of the Tuzo kimberlite and is well within the openpit mine pla...Read More

Marange villagers have expressed unhappiness after military backed Anjin Investments, that left a trail of destruction and empty promises resurfaced to start operations under unclear circumstances, various media sources in Zimbabwe reported . Anjin Investments was part of the multi company regime which commenced formal diamond mining at Chiadzwa after the discovery of the precious mineral. Its sha...Read More

Altech ticks boxes on path to production SPONSOREDaltech chemicalsIt is a question that the two mining heavyweights are grappling with now, as they should be, given there is a growing body of thought that steel demand has peaked just as scrap recycling in ChinaRead More

The prospect will be tested with the next phase of drilling, though the exact timing of the work wasn't specified by Hot Chili.Read More

If you are "house-rich" but "cash poor," a reverse mortgage might be a way to access some additional cash for your retirement years. On the other hand, it could be a costly temptation with upfront and ongoing expenses that erode the equity in the home you spent years paying off.Basically, a reverse mortgage is the opposite of a regular mortgage where you gradually pay off the original principal an...Read More

Roxgold's (TSX: ROXG; US-OTC: ROGFF) Yaramoko gold mine in southwestern Burkina Faso churned out 33,652 oz. gold in the first quarter, delivering a 16% return on equity for the company - one of the highest in the industry.Earnings before interest, tax, depreciation and amortization margins totalled 38%, with cash-operating costs of US$468 per oz. produced, and all-in sustaining costs (AISCs) of US...Read More

Lithium's next generationSPONSOREDneo lithiumHot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resourcesFinally, a changed mining tech M&A landscapeSPONSOREDatricoWhere did it go?   It seems only yesterday that I cradled a screaming and squishy piece of pink flesh, incoherent with fear that I might drop it...Read More

While Stornoway Diamond Corp continues with a strategic review aimed at ensuring the long-term viability of its Renard mine, in Quebec, the company has received financial backing from its secured lenders and key stakeholders.Under the terms of the bridge financing agreement, Diaquem, an affiliate of Investissement Québec, has agreed to advance an estimated C$11.7-million by way of access to...Read More

It is time to buy cryptos once again.If you've been reading my work for any length of time, you know that's a statement I don't make lightly.I've been involved with the cryptocurrency space since 2013 - over half a decade! - when I first started covering them for you in these pages.It was then I started telling my readers to buy Bitcoin.An article appeared in this newsletter in December 2013, writ...Read More

Fidelity Minerals Corp. (TSXV:FMN,FSE:S5GM) ("Fidelity Minerals" or "the Company") is pleased to announce the acquisition of a 100% interest in the Las Brujas and Cerro El Bronce projects.Read full newsRead More

Gold needs to trade over $1339-$1345 zone to start another wave of rise. Chances of correction will be high as long as gold does not break this zone. Silver needs to fall below $1445 or break and trade over $1492 for direction. Momentum is down for silver. Copper can see a temporary rise. Crude oil can fall first and then rise. Trend is still down for gold and silver. Buyers and investors will...Read More

Gold needs to trade over $1339-$1345 zone to start another wave of rise. Chances of correction will be high as long as gold does not break this zone. Silver needs to fall below $1445 or break and trade over $1492 for direction. Momentum is down for silver. Copper can see a temporary rise. Crude oil can fall first and then rise. Trend is still down for gold and silver. Buyers and investors will...Read More

Gold and silver prices dropped on Monday in the wake of the US and Mexico coming to an agreement and stopping a potential trade war.Read full newsRead More

Larry Kudlow still predicts 3% U.S economic growth through 2019The Dow snapped its six-day winning streak today, taking a breather from recent risk-on sessions. Stimulus buzz out of China saw the Dow jump out to a triple-digit lead in the morning. Around midday, the tech sector that had earlier propped markets up pivoted lower, sending all three benchmarks into the red. As investors await trade up...Read More

CHS and CASY just reported quarterly earnings and revenue that beat analysts' estimatesThe Dow is higher today, set for a seventh straight win. Three names to watch today are women's clothing specialist Chico's FAS, Inc. (NYSE:CHS), drugmaker Insys Therapeutics Inc (NASDAQ:INSY), and convenience store operator Casey's General Stores Inc (NASDAQ:CASY). Here's what's moving the shares of CHS, INSY...Read More