The precious metals all soared in 2025, and while a continued monetary expansion and geopolitical risk could still drive gains especially for gold in 2026, a pullback in silver, platinum and palladium is possible after recent partly speculative surges.Read More
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
RJC has launched its new Code of Practices (COP).The COP defines responsible, social and environmental business practices for companies in the jewelry supply chain and commits members to adhere to a robust set of comprehensive auditable standards. This is the third occasion for RJC to adapt its COP since being formed in 2005. The changes reflect "the evolving needs of the industry and demands of c...Read More
The local mining landscape has changed significantly in the quarter century following Nelson Mandela’s inauguration as the first democratically elected President of South Africa.While the industry has waned in terms of global production and research, it has made significant strides with regard to safety, diversity and transformation – mirroring the intent of the Constitution, which pri...Read More
The World Diamond Council (WDC) on Wednesday presented an overview of its revised System of Warranties (SoW) at the thirteenth Forum on Responsible Mineral Supply Chains of the Organization for Economic Cooperation and Development (OECD), in Paris.During the presentation, WDC president Stephane Fischler described the revised SoW as an essential building block for participants in the diamond supply...Read More
LONDON – More than 40-million people around the world work in artisanal and small-scale mining where minerals including gold, diamonds and cobalt are dug up often by hand, a report by the World Bank and development organisation Pact said on Wednesday.Increasing demand for metals and rising prices have triggered a boom in small-scale mining in recent years, mainly in poorer countries in South...Read More
The most valuable stone recovered to date at Aim-listed Firestone Diamonds’ Liqhobong mine, in Lesotho, was sold in March, along with a number of other high-value diamonds.The company’s sales for the third financial quarter, ended March 31, included the record 70 ct white diamond and a 46 ct white diamond, while the company reported signs of recovery in prices realised for the smaller,...Read More
Diamond miner De Beers’ rough diamond production for the quarter ended March 31 decreased by 8% year-on-year to 7.9-million carats, driven by lower output at its South African operations.De Beers Consolidated Mines, in South Africa, attributed its 65% year-on-year decrease in output to 400 000 ct to lower mined volumes at the Venetia mine, as it approached a transition from openpit to underg...Read More
The rough diamond market is showing signs of stability and early signs of a potential price recovery in the cheaper run-of-mine products, Canadian miner Mountain Province VP of diamond marketing Reid Mackie said on Thursday.He reported that the company, whose primary asset is its 49% interest in the Gahcho Kué mine in the Northwest Territories with De Beers Canada, has had a strong start to...Read More
Eastern promise for PolarXSPONSOREDpolarxKAZ produced 70,000 tonnes of copper over the January-March period, up 4% year-on-year.Read More
Eastern promise for PolarXSPONSOREDpolarxThe met coal division, which CEO Mark Cutifani said had accounted for 80% of the quarter-on-quarter output reduction, produced 4.Read More
Eastern promise for PolarXSPONSOREDpolarxTeck has undertaken an internal process to look at which copper projects it wants to develop itself, which it will develop in partnership with other companies and which it will seek to monetise.Read More
In case you missed part I yesterday, I was talking about Elizabeth Warren's new plan to erase outstanding college debts for roughly 45 million Americans and then make college "free" for everyone going forward.Now, there's no doubt that spiraling college costs - and a rapidly-growing pile of student loan debt - IS a problem.Indeed, as I pointed out yesterday, the average tuition and fees at a four-...Read More
Last summer on June 28th, I wrote to you and identified Air Canada (ACDVF) as a tremendously undervalued stock.Since then the rest of the market has caught onto the Air Canada story as the share price has subsequently risen more than 50 percent.I’m thrilled with how this has played out for us...But I don’t think that the Air Canada story is done.This stock is still BY FAR the best valu...Read More
The daunting task of exploring for minerals and developing mines in Canada's Far North hasn't dissuaded global mining companies from seeking riches in these underexplored regions. Here is a look at eight companies with substantial mineral assets in the country's Far North.ALEXCO RESOURCEAlexco Resource (TSX: AXR; NYSE-AM: AXU) owns the historic Keno Hill silver district in the Yukon, and is workin...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixDay-to-day, mining entrepreneurs are likely to express great confidence...Read More
Eastern promise for PolarXSPONSOREDpolarxCash and cash equivalents decreased $80.7 million during the quarter from $815.4 million to $734.7 million. Cash used in investing activities increased to $182 million from $150.7 million in the prior year period."This is a very exciting time for Lundin Mining. We are pleased with our results in the first quarter of 2019 with all mines operating well," said...Read More
Eastern promise for PolarXSPONSOREDpolarxCITIC is buying 153.8 million Ivanhoe shares at C$3.98 per share (C$612 million), a premium of 29% over the last closing price, which will boost its ownership stake from 19.3% to 29.9%.CITIC Metal's second major investment in Ivanhoe in less than a year will boost the company's available cash position to $1.3 billion when it closes in September, almost doub...Read More
"Get down on your knees like you used to!"Those were the words shouted at Oklahoma City Thunder point guard Russell Westbrook.They're racist and vile, and they won't just get you thrown out of a basketball game...They'll get you banned from the stadium.Fighting will, too. And so will throwing objects onto the field or court.Furthermore, the NFL extends bans to ALL of its stadiums. So, if you get k...Read More
Today we don the prophet's motley, climb atop our soapbox… and holler a thumping prediction.For we have indication - reliable indication - that an established trend will soon end. And that another will begin.But what established trend? How will it end? And why so all-fired important?Answers anon. But first an after-action report on today's combats...The bears won - if barely.The Dow Jones lo...Read More
I believe that the fall in gold prices is good for gold jewelry demand in Asia. Prices are still very high in my view all over Asia. The more the correction in Asian gold prices, the more the demand in Asia. There will be a slight dip in gold demand around 6th May in Islamic nations as the fasting month of Ramadan begins. The factors driving down gold are the same (a) Positive view on global e...Read More
I believe that the fall in gold prices is good for gold jewelry demand in Asia. Prices are still very high in my view all over Asia. The more the correction in Asian gold prices, the more the demand in Asia. There will be a slight dip in gold demand around 6th May in Islamic nations as the fasting month of Ramadan begins. The factors driving down gold are the same (a) Positive view on global e...Read More