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

Walking down a busy street in Rio de Janeiro one recent afternoon, we bumped into the Brazilian who is best known for losing $35 billion in a single year. After initially trying to deflect questions, he begrudgingly invited us along for a lunch that lasted two hours.The man, of course, is Eike Batista, who once famously told Mexico's Carlos Slim to watch out because, he said, he was poised to surp...Read More

Bond yields continue to fallStock futures are pointed lower, with the Dow Jones Industrial Average (DJI) signaling another triple-digit drop. Trade tensions between the U.S. and China continue to rev up, amid reports that China is set to use rare earth minerals as its next weapon in the trade war. As such, bond yields continue to fall, with traders concerned about an inverted yield curve -- often...Read More

Switzerland's top prosecutor opened a criminal probe against "unknown perpetrators" suspected of bribing foreign officials after a public interest group filed a complaint in 2017 against Glencore Plc, adding to international scrutiny of the world's biggest commodity trader.The investigation opened earlier this month relates to raw materials, and isn't focused on the Baar, Switzerland-based company...Read More

Relations between the Zambian government and its copper mining sector have just taken a turn for the worse."If it is the will of the Zambian people that we divorce with these mines, then we will do so."President Edgar Lungu has swiftly followed through on his threat with a move to liquidate Konkola Copper Mines (KCM), the local operating unit of India's Vedanta and one of the country's biggest pro...Read More

Relations between the Zambian government and its copper mining sector have just taken a turn for the worse."If it is the will of the Zambian people that we divorce with these mines, then we will do so."President Edgar Lungu has swiftly followed through on his threat with a move to liquidate Konkola Copper Mines (KCM), the local operating unit of India's Vedanta and one of the country's biggest pro...Read More

Eurasian Resources Group and China Non-Ferrous Metals Co. expressed interest in buying Konkola Copper Mines, should the Zambian government succeed in seizing it from Vedanta Resources Ltd., people familiar with the situation said.Eurasian Resources, owned by three Kazakh billionaires, approached the government about two months ago, according to the people, who declined to be identified by name bec...Read More

Eurasian Resources Group and China Non-Ferrous Metals Co. expressed interest in buying Konkola Copper Mines, should the Zambian government succeed in seizing it from Vedanta Resources Ltd., people familiar with the situation said.Eurasian Resources, owned by three Kazakh billionaires, approached the government about two months ago, according to the people, who declined to be identified by name bec...Read More

Golden Share Resources (TSXV: GSH) has acquired the Basking project in Ontario, Canada.In a press release, the miner said that Basking, which is made up of four small non-contiguous claim blocks totaling 34 single cell mining claims, was acquired through map staking.The project is located near the western edge of the James Bay Lowlands and about100 kilometres north-northwest of the Ring of Fire ni...Read More

Golden Share Resources (TSXV: GSH) has acquired the Basking project in Ontario, Canada.In a press release, the miner said that Basking, which is made up of four small non-contiguous claim blocks totaling 34 single cell mining claims, was acquired through map staking.The project is located near the western edge of the James Bay Lowlands and about100 kilometres north-northwest of the Ring of Fire ni...Read More

Golden Share Resources (TSXV: GSH) has acquired the Basking project in Ontario, Canada.In a press release, the miner said that Basking, which is made up of four small non-contiguous claim blocks totaling 34 single cell mining claims, was acquired through map staking.The project is located near the western edge of the James Bay Lowlands and about100 kilometres north-northwest of the Ring of Fire ni...Read More

CanAlaska Uranium (TSXV: CVV) will soon begin a drill program at its 70%-owned West McArthur uranium project.In a press release, the miner said that the program is intended to locate high-grade uranium hosted in faults along the C10 horizon, the major regional fault structure.According to CanAlaska, two previous drill holes intersected high-grade uranium - up to 5% U3O8 - just west of the project...Read More

CanAlaska Uranium (TSXV: CVV) will soon begin a drill program at its 70%-owned West McArthur uranium project.In a press release, the miner said that the program is intended to locate high-grade uranium hosted in faults along the C10 horizon, the major regional fault structure.According to CanAlaska, two previous drill holes intersected high-grade uranium - up to 5% U3O8 - just west of the project...Read More

Summer underperformance is dictated by how stocks behave to prior to MayStocks are performing wonderfully this year; the S&P 500 Index (SPX) is on pace for a double-digit percent gain through May, for just the second time since 2000. We are, however, heading into the most bearish part of the year. The next three months, June through August, is the only three-month stretch to average a loss over th...Read More

Only the chirping of birds and insects break the silence at a gold mining site in the Eastern Region of Ghana, right at the foot of the Atewa forest reserve.Caterpillar excavators stand still, as the two Ghanaian companies operating them wait for a new mining permit a process that has been in the works for months.But a fresh pile of sludge spilt over a patch of vegetation suggests the mine is be...Read More

Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to announce its targeting strategy for the upcoming Summer 2019 Hurricane Extension drilling program on its 100% owned Larocque East property (the "Property"). The primary objective of the drilling will be to evaluate the potential for expansion of the Hurricane zone east of the current drilling pattern. Targets have b...Read More

The 340-page tome provides detailed analysis on topics from China and de-dollarisation to gold storage, the global monetary order, bonds, digital currencies, hyperinflation, politics and ESGRead More

Junior diamond miner Mountain Province Diamonds published a forward looking report on the prospective Faraday 2 diamond mining project. The report said the future mine holds 5.45 million carats of diamonds contained in 2.07 million tonnes of kimberlite, with an overall grade of 2.63 carats per tonne and an average value of US$140 per carat. This represents a 49% increase in total tonnes and a 74%...Read More

In a business where the overwhelming majority of end-consumers are female, women in the diamond sector are remarkably under-represented, not only at the executive and employee levels, but even in terms of the way in which the product traditionally has been marketed. The photo of the model wearing the ring, brooch or necklace is generally a woman, but, more often than not, the message is directed a...Read More

GCal Laboratories will be showcasing $3,5 million worth of Nirav Modi's jewelry retail chain collections. Among the to be auctioned collections of the fugituve, bankrupt diamantaire  are platinum and 18-karat gold collection suites such as Embrace, Luminance, Mughal, Lotus, Celestial and Jasmine. The Embrace Collection (expandable) includes bracelets, wedding bands, and necklaces. In th...Read More

The Gujarati newspapers Gujarat Mitra and Gujarat Darpan both published news items reporting that the Mumbai Cargo Customs authorities had stopped a shipment of rough diamonds of one India's leading diamond manufacturer that was suspected to be undervalued. The Mumbai Cargo Customs authorities investigated the shipment to assess its value.According to the articles published on May 25th, initi...Read More