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
Lucara sells large diamonds for US$32.5mPrecious stonesGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesBarrick's proposed acquisition of Newmont is a real blast from the past. Back in 2005 Barr...Read More
JOHANNESBURG – Zimbabwean Finance Minister Mthuli Ncube said a rule requiring local investors to control platinum mines will be scrapped and foreigners will be allowed to own 100% in a bid to revive investment.“We are removing that indigenization rule, which is discouraging foreign direct investment,” Ncube said in an interview with Bloomberg Television in Washington. “We s...Read More
He highlighted the importance of innovation, collaboration and reconciliation for the industry to succeed in a guarded conversation with PDAC president Glenn Mullan.Read More
It's approaching midnight as I start to write this for you.The day started at 4 a.m.I've seen multiple meetings and airports today.And it's all part of the due diligence process I do to find you the very best investments available on the market.Today, it was a cannabis company I was vetting.It's permitted to grow, propagate, extract, and sell cannabis in California (which alone is bigger than Cana...Read More
A group of Democrats are hoping that they can roll back the war on drugs with a new federal marijuana legalization bill...Read full newsRead More
The board made the unanimous decision to refuse the US$18-billion offer as the proposal "presents significant risksRead full newsRead More
Trump administration on Monday launched a national security inquiry into titanium sponge imports, a critical material used in military and aerospace applications.Read full newsRead More
Global economy is slowing. China has lowered its economic growth forecast and also announced a major tax cut. Chinese economy is expected to see a slowest growth in the past three decades. Industrial metals may have formed a short term top. Long term bullishness in selected industrial metals (including silver) is intact. Technically gold needs to trade over $1260 till 11th March to be in short...Read More
Global economy is slowing. China has lowered its economic growth forecast and also announced a major tax cut. Chinese economy is expected to see a slowest growth in the past three decades. Industrial metals may have formed a short term top. Long term bullishness in selected industrial metals (including silver) is intact. Technically gold needs to trade over $1260 till 11th March to be in short...Read More
Source: Clive Maund for Streetwise Reports 03/04/2019Technical analyst Clive Maund discusses gold's recent price decline and how that could be setting it up for a sustainable breakout.The rather sharp drop in gold late last week, especially on Friday, came as something as a shock to many investors in the sector, yet as we will proceed to see it was set up to react back here or soon, and a peri...Read More
Industry leading, fleet management and mine production solution, Pitram, has been rolled out at Kirkland Lake Gold's (ASX: KLA) Fosterville operation in Victoria to support the miner's low-cost production growth strategy.The implementation brings the total number of sites in Australia using Pitram to 22, further extending Pitram's presence in the industry.Pitram Operations Manager Daren Hinchliffe...Read More
With digitalization at its heart, ABB Ability MineOptimize connects all electrification, automation and digital offerings to optimize all stages in the lifecycle - from design and build to operation and service - of any open pit or underground mine and minerals processing plant.ABB Ability MineOptimize is a comprehensive portfolio of optimized electrification, drives and automation solutions, opti...Read More
With digitalization at its heart, ABB Ability MineOptimize connects all electrification, automation and digital offerings to optimize all stages in the lifecycle - from design and build to operation and service - of any open pit or underground mine and minerals processing plant.ABB Ability MineOptimize is a comprehensive portfolio of optimized electrification, drives and automation solutions, opti...Read More
Traders eyed retail earnings and China's stimulus buzzIt was a relatively quiet day on Wall Street following Monday's volatile session, with the Dow exploring a 145-point range on both sides of breakeven. In addition to a fresh batch of retail earnings -- including a positive reaction to Target's (TGT) quarterly results -- traders also digested an economic growth warning and new round of stimulus...Read More
Resource development, a principal economic driver of the Northwest Territories' (NWT) economy, is getting a $5.1 million boost in federal funding.The Government of Canada is investing in two projects that will support resource development in the Slave Geological Province (SGP), an area where the territory's three operating diamond mines are located.New mining projects are expected to inject n...Read More
Resource development, a principal economic driver of the Northwest Territories' (NWT) economy, is getting a $5.1 million boost in federal funding.The Government of Canada is investing in two projects that will support resource development in the Slave Geological Province (SGP), an area where the territory's three operating diamond mines are located.New mining projects are expected to inject n...Read More
Resource development, a principal economic driver of the Northwest Territories' (NWT) economy, is getting a $5.1 million boost in federal funding.The Government of Canada is investing in two projects that will support resource development in the Slave Geological Province (SGP), an area where the territory's three operating diamond mines are located.New mining projects are expected to inject n...Read More
Resource development, a principal economic driver of the Northwest Territories' (NWT) economy, is getting a $5.1 million boost in federal funding.The Government of Canada is investing in two projects that will support resource development in the Slave Geological Province (SGP), an area where the territory's three operating diamond mines are located.New mining projects are expected to inject n...Read More
Antioquia Gold of Calgary has announced the successful start of production at its Cisneros gold mine 80 km northeast of Medellin, in Antioquia. Commissioning the mill began two months ago and has now reached the planned commercial rate of 500 t/d.The mineralized material fed to the mill during the ramp up was obtained from the stockpile of development ore from the Guayabito and Guaico veins. That...Read More
Antioquia Gold of Calgary has announced the successful start of production at its Cisneros gold mine 80 km northeast of Medellin, in Antioquia. Commissioning the mill began two months ago and has now reached the planned commercial rate of 500 t/d.The mineralized material fed to the mill during the ramp up was obtained from the stockpile of development ore from the Guayabito and Guaico veins. That...Read More