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
BALTIMORE, March 14, Mar 14, 2019 (GLOBE NEWSWIRE via COMTEX) -- All amounts expressed in U.S. dollars On March 11, 2019, Barrick Gold Corporation GOLD(ABX)...Read full newsRead More
BALTIMORE, March 14, Mar 14, 2019 (GLOBE NEWSWIRE via COMTEX) -- All amounts expressed in U.S. dollars On March 11, 2019, Barrick Gold Corporation GOLD(ABX)...Read full newsRead More
Reuters reported that the World Bank is to lend Angola, a country blessed with enormous mineral resources, $1 billion to fund social security and water projects, the office of Angola's president Joao Lourenco relayed earlier this week. Angola, which is Africa's second largest oil producer, and a leading diamond producer reportedly has been "pushed into an economic crisis by the fall in oil p...Read More
The Israel Diamond, Gemstone and Jewelry Administration of the Ministry of Economy released a list of fifteen of its leading polished diamond exporters for the year 2018.Some of Israel's leading diamond exporters have declined, sometimes for many years, to allow their names and data to be made public. The MID - House of Diamonds company continues as Israel's number one exporter, with $196 million,...Read More
With the credibility of economic analysts in the doldrums, following their miscalculations on US market growth during the holiday season of 2018, a recent report issued by the Bank of America Corporation (BofA) that retail sales are about to rebound, was therefore greeted with reservations by the media. In February, US retail sales dipped 0.1 percent, according to a recent report issued by Bank o...Read More
Local manager Mark Majzner remains focused on turning what he says are many high-level mining engagements into dollars - the company claims to have achieved 140% quarter-on-quarter growth for the pastRead More
The latest in anti-Read full newsRead More
The U.S. Environmental Protection Agency announced three long-term goals Wednesday for cleaning up the Bonita Peak Mining District Superfund site in southwestern Colorado.Read full newsRead More
These five gold stocks look best poised for riding any rally in gold prices during 2019.Read full newsRead More
BALTIMORE, March 14, Mar 14, 2019 (GLOBE NEWSWIRE via COMTEX) -- All amounts expressed in U.S. dollars On March 11, 2019, Barrick Gold Corporation GOLD(ABX)...Read full newsRead More
Investing.com - Prices of the safe-haven gold prices edged up on Friday in Asia even after tensions and uncertainty over Brexit seemed to have eased.On Thursday, British lawmakers voted to seek a delay to the country’s exit from the European Union.The news came after British Prime Minister Theresa May’s Brexit deal suffered a second defeat in the parliament earlier this week. A day lat...Read More
The mining industry gathered in Toronto in early March for PwC Canada's fourth annual Art of Mining event, which showcases mining innovation through a photo competition.This year's contest featured 20 photo submissions from projects and actors across the globe.With more than 2,000 votes cast, the grand prize went to Tugliq Energy and Raglan Mine, a subsidiary of Glencore, which received a $10,000...Read More
Think about the last five years...Can you recall an unexpected event that led to financial stress? Maybe a health crisis, layoff, leaky roof, or unexpected car repair.You're not alone. Approximately two-thirds of U.S. households experience an unexpected event that negatively impacts their financial wellbeing, according to Pew research.So it's no wonder the most common cause of money stress is the...Read More
US-based Parker Bay says deliveries of trucks, excavating and loading equipment, and related mobile mining gear in calendar 2018 continued the market expansion that recommenced in the second half of 2016 after "perhaps the most severe contraction the large surface mining markets have ever experienced".The "annual aggregate value" of 2018 deliveries of US$7.6 billion compared with the estimated 201...Read More
Peloton Minerals Corporation (Read full newsRead More
The major gold miners are grinding higher in a solid upleg, fueling growing interest in this small contrarian sector. They've mostly finished reporting their fourth-quarter results, revealing how they are really faring fundamentally. Collectively the world's biggest gold miners continue to face serious challenges, which often stem from declining production. That makes stock picking more im...Read More
The major gold miners are grinding higher in a solid upleg, fueling growing interest in this small contrarian sector. They've mostly finished reporting their fourth-quarter results, revealing how they are really faring fundamentally. Collectively the world's biggest gold miners continue to face serious challenges, which often stem from declining production. That makes stock picking more im...Read More
The oil bull still managed to score another day of gains yesterday. A meager advance but still an advance, one could say. And be forgiven, as they would not have had examined the full picture. Are we just teasing you now? Come on, there can't be possibly more to the story... There is. The scenario that we wrote about exactly to the day two weeks ago, has come to fruition. The implications are far-...Read More
Apple brought its daily win streak to sixStocks closed out the week with a bang, as renewed hope over a potential U.S.-China trade deal offset a dismal batch of economic data -- including a lower-than-expected rise in industrial production last month. Another strong day for tech only stoked the bullish flames, with chip stocks surging after Broadcom (AVGO) earnings and Apple (AAPL) notching a sixt...Read More
Raymond James sees 60% upside for the sharesMagenta Therapeutics Inc (NASDAQ:MGTA) is among the best Nasdaq stocks today, thanks to some upbeat analyst attention. Specifically, Raymond James launched coverage of the biotech stock with an "outperform" rating and $22 price target -- representing a 60% premium to Thursday's close. The analyst gave three reasons for the bullish initiation: encouraging...Read More