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
South Africa's Sibanye-Stillwater will explore changing its primary listing in a bid to access more capital as it explores growth opportunities outside its home market, chief executive Neal Froneman said on Wednesday.The precious metals producer, which has both gold and platinum mines in South Africa and platinum group metals (PGM) operations in the United States, said it was looking into opportun...Read More
Jiangxi Copper Co., one of China's top producers, said on Wednesday 2018 net profit rose 52.4 percent year on year as a hedging gain boosted its bottom line in a poor year for the metal used in manufacturing and construction.The Nanchang-based company, which in January flagged an expected increase in annual profit of around 50 percent, posted net income of 2.45 billion yuan for last year, up from...Read More
Jiangxi Copper Co., one of China's top producers, said on Wednesday 2018 net profit rose 52.4 percent year on year as a hedging gain boosted its bottom line in a poor year for the metal used in manufacturing and construction.The Nanchang-based company, which in January flagged an expected increase in annual profit of around 50 percent, posted net income of 2.45 billion yuan for last year, up from...Read More
The International Council on Mining and Metals (ICMM), a London-based industry group representing 27 major companies, said Wednesday it was working with the United Nations Environment Programme (UNEP) and ethical investors to devise global standards for tailings dams.The initiative is in response to the recent tragedy at Vale's Corrego do Feij??o mine in Brazil, where a tailings collapsed in Janua...Read More
The International Council on Mining and Metals (ICMM), a London-based industry group representing 27 major companies, said Wednesday it was working with the United Nations Environment Programme (UNEP) and ethical investors to devise global standards for tailings dams.The initiative is in response to the recent tragedy at Vale's Corrego do Feij??o mine in Brazil, where a tailings collapsed in Janua...Read More
The International Council on Mining and Metals (ICMM), a London-based industry group representing 27 major companies, said Wednesday it was working with the United Nations Environment Programme (UNEP) and ethical investors to devise global standards for tailings dams.The initiative is in response to the recent tragedy at Vale's Corrego do Feij??o mine in Brazil, where a tailings collapsed in Janua...Read More
The western Canadian Province of British Columbia approved a 5-year extension of Seabridge Gold's (TSX: SEA) (NYSE: SA) Environmental Assessment certificate for the KSM project, which has been described as one of the largest undeveloped gold projects in the world, measured by reserves.Located in north-western British Columbia, KSM has proven and probable reserves of 38.2 million ounces of gold a...Read More
The western Canadian Province of British Columbia approved a 5-year extension of Seabridge Gold's (TSX: SEA) (NYSE: SA) Environmental Assessment certificate for the KSM project, which has been described as one of the largest undeveloped gold projects in the world, measured by reserves.Located in north-western British Columbia, KSM has proven and probable reserves of 38.2 million ounces of gold a...Read More
The western Canadian Province of British Columbia approved a 5-year extension of Seabridge Gold's (TSX: SEA) (NYSE: SA) Environmental Assessment certificate for the KSM project, which has been described as one of the largest undeveloped gold projects in the world, measured by reserves.Located in north-western British Columbia, KSM has proven and probable reserves of 38.2 million ounces of gold a...Read More
Margaux Resources (TSXV: MRL) executed a definitive agreement this week with Wildsky Resources (TSXV: WSK) that refers to an option to acquire a 100% interest in the Cassiar gold project in northern British Columbia.The property, including all existing infrastructure such as a 270 tonne per day flotation and gravity mill and a tailings storage facility, is held by Cassiar Gold, a wholly-owned subs...Read More
Margaux Resources (TSXV: MRL) executed a definitive agreement this week with Wildsky Resources (TSXV: WSK) that refers to an option to acquire a 100% interest in the Cassiar gold project in northern British Columbia.The property, including all existing infrastructure such as a 270 tonne per day flotation and gravity mill and a tailings storage facility, is held by Cassiar Gold, a wholly-owned subs...Read More
Margaux Resources (TSXV: MRL) executed a definitive agreement this week with Wildsky Resources (TSXV: WSK) that refers to an option to acquire a 100% interest in the Cassiar gold project in northern British Columbia.The property, including all existing infrastructure such as a 270 tonne per day flotation and gravity mill and a tailings storage facility, is held by Cassiar Gold, a wholly-owned subs...Read More
Looking at how the S&P 500 has historically behaved after a big quarterly reboundStocks have rebounded nicely since a disastrous fourth quarter in 2018. The S&P 500 Index (SPX) fell 14% in the final three months of last year. The index has made up most of that, gaining over 12% this year, with a few more days to go in the first quarter. This week, I'll look at prior instances when the index lost d...Read More
Economist Mike Schussler said it's not only employees who stand to lose their jobs, but other industry players will also be affected.Read full newsRead More
Take advantage of the first amendment, and participate in a nation-wide poll.With the 2020 election growing ever closer, the country continues to be divided politically.From disputes about the appropriateness of displaying the Confederate flag, to rights for minorities, and the ever-growing concern about security at the U.S. border, the 2020 election promises to be contentious... if not the most c...Read More
A World Health Organization study shows that over 35% of the gold mines in the Democratic Republic of Congo (DRC) are at risk of being affected by the ongoing Ebola outbreak in the country, which is the world's top cobalt producer and a significant copper and gold producer. The DRC generates more than 60% of the world's cobalt, a key material for making the batteries that power electric cars.Barr...Read More
A World Health Organization study shows that over 35% of the gold mines in the Democratic Republic of Congo (DRC) are at risk of being affected by the ongoing Ebola outbreak in the country, which is the world's top cobalt producer and a significant copper and gold producer. The DRC generates more than 60% of the world's cobalt, a key material for making the batteries that power electric cars.Barr...Read More
Mid-tier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) will invest $50 million into expanding its 80%-owned Fekola mine in southwestern Mali, which could take the operation's processing throughput to 7.5-million tonnes a year, up from the current 6-million tonne throughput.The decision comes as the results of a preliminary expansion assessment (PEA), published on Wednesday, recommended an expansio...Read More
Mid-tier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) will invest $50 million into expanding its 80%-owned Fekola mine in southwestern Mali, which could take the operation's processing throughput to 7.5-million tonnes a year, up from the current 6-million tonne throughput.The decision comes as the results of a preliminary expansion assessment (PEA), published on Wednesday, recommended an expansio...Read More
This program will be the start of exploring the large structural zone running northward from the other company's project.Read full newsRead More