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
JOHANNESBURG – Tiffany & Co has been expanding its workforce in sub-Saharan Africa – a region of almost one-billion people where the jewellery giant does not have a single store.More than a quarter of the New York-based company’s 1 500 global diamond cutters and polishers are now based in Africa, CEO Alessandro Bogliolo said in an interview in Cape Town. Tiffany has factories...Read More
How to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumCardinal's Namdini Ore Reserve Now 5.1 MozSPONSOREDcardinal resourcesYamana will receive $800 million cash at closing and additional consideration of up to $125 million based on the price of gold over a five-year period, a $100 million payment...Read More
Eastern promise for PolarXSPONSOREDpolarxAmerigo has a unique and distinctive mineral extraction business model that is difficult to find fault with given it counts with a decade's-long supply of raw material at its Minera Valle CentralRead More
Paying with your debit card might seem like a responsible move. After all, getting in the habit of whipping out your credit card whenever you have to make a purchase might lead to overspending.But from a security standpoint, paying with a credit card is actually the better move.By the end of this year, credit and debit card fraud is expected to reach $33B globally. While a criminal can steal your...Read More
The U.S. Bureau of Land Management has approved Newrange Gold's (TSXV: NRG; US-OTC: NRGOF) proposal to transfer the company permits for the Merritt decline, part of its 16.7-sq.-km Pamlico gold project in Nevada, as well as to collect a 1,000-ton bulk sample at the project.The project's previous operators, the Merritt family, developed the Merritt decline in 2013 for between US$2 million and US$3...Read More
Thor Explorations (TSXV: THX) estimated in a definitive feasibility study two months ago that pre-production capex to build an open-pit mine at its Segilola gold project in Nigeria would cost about US$87 million.Today, the company announced it has secured a US$78-million financing package from the Africa Finance Corporation, a multilateral finance institution with US$4.5 billion on its balance she...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 FacilitySPONSOREDisometrixKumar, who was previously responsible for building Tesla's lithium ion...Read More
How to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumCardinal's Namdini Ore Reserve Now 5.1 MozSPONSOREDcardinal resourcesLynas Corporation, a rare earth producer with its mine in Australia and processing works in Malaysia, has received a conditional takeover proposal from Wesfarmers, but it does...Read More
Eastern promise for PolarXSPONSOREDpolarxAtalaya produced 10,219 tonnes of copper during the January-March period, up 8% on the year, but 9% lower than the previous quarter's record due to slightly lower throughput and head grade.Read More
LONDON – African miner Petra Diamonds, which has high debt levels, aims to be cash flow positive in the second half of the year and will then be able to consider future developments, its new chief executive said on Monday.The company's share price has fallen 55% since the start of the year as weak diamond prices weighed and Petra grapples with debt following years of capital expenditure...Read More
It is the ides of April... April 15... Tax Day.That is, the date by which Americans must appear before the Internal Revenue Service... and empty their pockets.Out must come poker winnings, bingo jackpots, lemonade stand sales, cash gratuities - everything, A through Z.If taxes are the price to pay for civilization - as Justice O. W. Holmes babbled in 1904 - we must conclude the United States is a...Read More
I've explained before that global growth was slowing and that Fed Chairman Powell had blinked. That blink has quickly blossomed into a full capitulation.I don't believe the rate hike planned by the Fed in 2020 happens and, as I explained last month, I believe we will get a rate cut - not a hike - in the second half of this year or early next year.So why the capitulation in such obvious fashion?It...Read More
...the message from lumber should be paid attention to.Read full newsRead More
Grown Rogue (CSE:GRIN | OTC:NVSIF)(Read full newsRead More
For a few hours on Sunday, some 40 people from the farming community of Tacrara, located in the Cusco department in southern Peru, blockaded a road used by Canadian miner Hudbay Minerals (TSX, NYSE: HBM) to transport copper from its Constancia project to the Port of Matarani.Local media report that about 60 trucks carrying mineral were being prevented from leaving Cusco's Espinar province. The pro...Read More
For a few hours on Sunday, some 40 people from the farming community of Tacrara, located in the Cusco department in southern Peru, blockaded a road used by Canadian miner Hudbay Minerals (TSX, NYSE: HBM) to transport copper from its Constancia project to the Port of Matarani.Local media report that about 60 trucks carrying mineral were being prevented from leaving Cusco's Espinar province. The pro...Read More
China's steel industry isn't prepared for a looming shortage of iron ore, the metal used to make the building material that last week rose to its highest price in almost five years, according to a prominent industry adviser in China.Prices will "absolutely" continue to increase as mine closures in Brazil spur a market deficit in the second half of the year, Wu Wenzhang, founder and president of Sh...Read More
Gold producer Metallon Corp. halted output at three of its four mines in Zimbabwe because of mounting debts, as a South African newspaper reported the owner is considering selling the operations.The suspension is the latest sign of stress in the southern African nation's gold industry, which has been hampered by a shortage of foreign exchange. Zimbabwean laws force producers to sell their metal to...Read More
Gold producer Metallon Corp. halted output at three of its four mines in Zimbabwe because of mounting debts, as a South African newspaper reported the owner is considering selling the operations.The suspension is the latest sign of stress in the southern African nation's gold industry, which has been hampered by a shortage of foreign exchange. Zimbabwean laws force producers to sell their metal to...Read More
Gold has faded from interest in the past couple months, overshadowed by the monster stock-market rally. But gold has been consolidating high, quietly basing before its next challenge to major $1350 bull-market resistance. A decisive breakout above will really catch investors' attention, greatly improving sentiment and driving major capital inflows. With gold-futures speculators not very long yet,...Read More