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
The world's top diamond producer by output, Alrosa (MCX:ALRS), ran an experiment at its Zapolyarnaya pipe, which is a part of the Verkhne-Munskoye deposit in the west of Yakutia, and found that the area has the potential to become one of its richest in large diamonds deposits.The test, which took place from March 11 to March 15, 2019, consisted in feeding the processing plant N12 in the town of Ud...Read More
British-based trading and investment group Energy Financing Team (EFT) said on Saturday it will take its 300 megawatt (MW) Stanari coal-fired power plant in northern Bosnia offline for a 35-day overhaul from March 25.The Stanari power plant in Doboj is the first privately-funded power plant in the Western Balkans which came online in 2016. It produced 2,056 gigawatt hours (GWh) of electricity in 2...Read More
The next financial bubble burst could be so massive, it even takes out gold. One economist is making a very bold prediction.This man says that the colossal financial bubble that exists in today's economy is stretching closer and closer to its breaking point.And when it does pop -- soon, very soon -- it's not only going to take out the entire stock market... it'll absolutely crush other assets too....Read More
ENDEAVOUR ACHIEVES FIRST GOLD POUR AT ITY CIL PROJECT 4 MONTHS AHEAD OF SCHEDULE View News Release in PDF HIGHLIGHTS Over 8.5 million man-hours have been worked without a lost time injury The ...Read full newsRead More
The United States slapped sanctions Tuesday on a Venezuelan state mining company, charging that its illicit gold operations were being used to prop up President Nicolas Maduro and his inner circle. The action was taken against CVG Compania General de Mineria de Venezuela CA, or Minerven, and its president Adrian Antonio Perdomo Mata, the US Treasury Department said. Treasury Secretary Steven Mnuch...Read More
ENDEAVOUR ACHIEVES FIRST GOLD POUR AT ITY CIL PROJECT 4 MONTHS AHEAD OF SCHEDULE View News Release in PDF HIGHLIGHTS Over 8.5 million man-hours have been worked without a lost time injury The ...Read full newsRead More
Alrosa predicts that the Zapolyarnaya pipe in its Verkhne-Munskoye diamond deposit in west Yakutia may become one of its richest sources for large diamonds. During a week-long experiment conducted earlier this month, about 100,000 tons of ore from the Zapolyarnaya pipe was processed with the goal to establish the quality, color and clarity grades of the diamonds samples and to assess the cost per...Read More
The American Gem Society (AGS) will honor three leaders in the jewelry industry at its annual Circle of Distinction Dinner on Tuesday, July 30 at the Plaza Hotel in New York City.Alan M. Zimmer, President and CEO of REEDS Jewelers, Inc., will receive the AGS' Lifetime Achievement Award for his significant contributions to the industry throughout his career. Caryl Capeci, President, Chow Tai Fook N...Read More
Aron Shum, principal of the Hong Kong-based Coronet company, established yet another Guinness World Record, this time for a watch set with most diamonds. The feat was achieved during the earlier this month during Baselworld, the prestigious Swiss watch and jewelry trade fair. It was Coronet's 9th Guinness World Record. The 'Mudan' diamond watch features 5,858 diamonds. The 18-karat gold...Read More
"Attendance was excellent, and people were in a spending mood" is how Dave Siminski, vice president of sales and marketing at United Precious Metal Refining in Alden, New York, described the atmosphere of the 2019 MJSA Expo, which ran March 10-12. Siminski--was among the many exhibitors at this year's show,. Over the course of those three days, more than 3,000 buyers crowded the aisles at New...Read More
Brazilian mining giant Vale (NYSE:VALE) announced this weekend that the Sul Superior Dam at the Gongo Soco mine is in a critical condition when it comes to stability. This, following the work of an independent auditor, hired to evaluate the state of the structure.The dam is located in the municipality of Bar??o de Cocais, in the southeastern Brazilian state of Minas Gerais. This is the same region...Read More
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The United States imposed sanctions on Tuesday against Venezuela's state-run gold mining company Minerven and its president, Adrian Perdomo, accusing them of illicit operations and propping up the government of President Nicolas Maduro.The announcement comes days after Uganda said it was investigatingRead 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
Publisher's Note: Mr. James Dines is known as "The Original Gold Bug" and recently nailed a buy signal right near gold's lowest price last year.Today, we bring you his insight in an excerpt of The Dines Letter discussing the latest on gold.To your wealth,Nick HodgePublisher, Outsider ClubOriginal gold miners had no idea why gold had its yellow color, unusual for a metal. Albert Einstein's Specia...Read More
Argo Gold (CSE:ARQ) (theRead full newsRead More
All three indexes had their worst days since Jan. 3Stocks fell into the red at the open, as troubling eurozone manufacturing data amplified concerns of a slowing global economy. The selling pressure only intensified by midday, as disappointing U.S. factory data and a rare inverted yield curve -- typically seen as a pre-recession signal -- spooked an already-shaky Wall Street. By the time the dust...Read More
The chemical giant's share price fell by more than 12%, spurred by fears over a trial determining Bayer's liability starting Wednesday.Read full newsRead More
Plus, Nokia options pits come alive amid probeThe Dow is getting crushed today due to the inverted yield curve and a rough outing from Nike (NKE). Of the stocks making particular noise today, mobile network firm Nokia Oyj (NYSE:NOK) is lower, while biotech Neurotrope Inc (NASDAQ:NTRP) and pizza maker Papa John's International, Inc. (NASDAQ:PZZA) are higher. Here's a quick look at what's got the s...Read More
VVC Exploration Corp (TSXV:VVC) is pleased to announce that it has received an updated Resource Estimate (the "2019 Resource Estimate") for its Samalayuca property in northern Chihuahua state, Mexico.Read full newsRead More