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
United Co. Rusal Plc, Russia's largest aluminum producer, suspended operations at its bauxite-mining unit in Guyana over a pay conflict with employees in the South American nation.Workers at Bauxite Company of Guyana Ltd. "declined to work and demanded a pay increase, even though their salaries had been adjusted for forecast inflation at the end of last year," Rusal said Sunday in emailed comments...Read More
BGC exploring options for the sale of its national contract mining business BGC ContractingRead full newsRead More
Chile's Codelco, the world's No. 1 copper producer, is expected to generate $13.9 billion in revenue in 2019 while operating costs would be of $9.9 billion. This is according to the budget approved by the Finance Ministry's Budget Directorate.Local newspaper La Tercera reported that following a mandatory annual review of all state-owned companies, the Directorate estimated that Codelco's earnings...Read More
Chile's Codelco, the world's No. 1 copper producer, is expected to generate $13.9 billion in revenue in 2019 while operating costs would be of $9.9 billion. This is according to the budget approved by the Finance Ministry's Budget Directorate.Local newspaper La Tercera reported that following a mandatory annual review of all state-owned companies, the Directorate estimated that Codelco's earnings...Read More
Apparently, the answer to the question in the headline has been widely explored by scientists.What was recently discovered, though, was that a boost of vitamin C can turn small gold nanorods into fine gold nanowires."There's no novelty per se in using vitamin C to make gold nanostructures because there are many previous examples," said chemist Eugene Zubarev from Rice University in Texas. "But the...Read More
Apparently, the answer to the question in the headline has been widely explored by scientists.What was recently discovered, though, was that a boost of vitamin C can turn small gold nanorods into fine gold nanowires."There's no novelty per se in using vitamin C to make gold nanostructures because there are many previous examples," said chemist Eugene Zubarev from Rice University in Texas. "But the...Read More
Apparently, the answer to the question in the headline has been widely explored by scientists.What was recently discovered, though, was that a boost of vitamin C can turn small gold nanorods into fine gold nanowires."There's no novelty per se in using vitamin C to make gold nanostructures because there are many previous examples," said chemist Eugene Zubarev from Rice University in Texas. "But the...Read More
For the second year in a row, mineral and coal exploration expenditure in British Columbia increased in 2018.This is according to the British Columbia Mineral and Coal Exploration Survey carried out by the provincial Ministry of Energy, Mines and Petroleum Resources, the Association for Mineral Exploration and Ernst & Young.After collecting insights from nearly 300 exploration projects across BC,...Read More
For the second year in a row, mineral and coal exploration expenditure in British Columbia increased in 2018.This is according to the British Columbia Mineral and Coal Exploration Survey carried out by the provincial Ministry of Energy, Mines and Petroleum Resources, the Association for Mineral Exploration and Ernst & Young.After collecting insights from nearly 300 exploration projects across BC,...Read More
For the second year in a row, mineral and coal exploration expenditure in British Columbia increased in 2018.This is according to the British Columbia Mineral and Coal Exploration Survey carried out by the provincial Ministry of Energy, Mines and Petroleum Resources, the Association for Mineral Exploration and Ernst & Young.After collecting insights from nearly 300 exploration projects across BC,...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
Rescuers have brought an excavator to the site of a collapsed Indonesian gold mine in an attempt to rescue trapped people faster even though the heavy equipment may increase the risk of landslidesRead full newsRead More
Commodities Analysis by The Gold Reportcovering: . Read The Gold Report 's latest article on Investing.comRead full newsRead More
Rescuers have brought an excavator to the site of a collapsed Indonesian gold mine in an attempt to rescue trapped people faster even though the heavy equipment may increase the risk of landslidesRead full newsRead More
While gold miners have been making substantial profits in recent quarters thanks to rising gold prices and better operational and financial discipline, they continue to seek new ounces via the drill bit to fill their production pipeline. Below is look at eight majors and juniors exploring for gold worldwide.BARRICK GOLDThe world's largest gold miner Barrick Gold (TSX: ABX; NYSE: GOLD) is also heav...Read More
While drilling contractors around the world have got busier in the past year or so, and fleet utilisation levels have edged higher, new machine orders have generally remained sluggish."The biggest challenge is that credit is still tight and people's capital expenditures are still small, and the mining juniors are struggling to raise funds to do drilling programs," said Mayman, who replaced Jim Dol...Read More
The Investing News Network will go live on Saturday to share plans for PDAC - tune in to see who we'll be speaking to.Read full newsRead More
The passage of Bill C-45 could be a signal to early investors that pot stocks are ready to pop.With Bill C-45 now in effect, it's possible that in the very near future, investors may be seeing stock market gains that will never be seen again. This is a sentiment echoed by The New York Times, which reported that when this bill passes as expected, it will "completely legalize marijuana as a consu...Read More
The decision to cease package delivery follows a spike in crime in the notoriously poverty-stricken neighborhood, where police say they cannot effectively carry out their law enforcement duties.Read full newsRead More
Axiom Mining signs term sheet with Traxys Europe for US$10.5M finance and nickel offtake packageRead full newsRead More