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 final dividend was in line with its policy of paying out 40% of underlying earnings. Anglo's underlying earnings fell 1% on the year to $3.Read More
The copper miner produced 294,700 tonnes of copper last year, up 14% year-on-year and at the top end of the 270,000-300,000t forecast. Revenue was up 31% on 2017 at $2.Read More
However Katanga's gross profit for the full year increased to $13.4 million from a $6.5 million gross loss in 2017.It said the profit was related to resuming production and ramping up its Whole Ore Leach project at its majority-owned Kamoto Copper Company (KCC), but was impacted by the temporary cobalt suspension due to its uranium content, and increased mine infrastructure and support costs.Katan...Read More
Alderan unlocking Frisco potentialSPONSOREDalderan resourcesThe Toronto-based miner reported a loss of US$3.5 million or 1c per share in the fourth quarter, compared with profit of $94.3 million or 36c per share a year earlier.Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftEastern promise for PolarXSPONSOREDpolarxCobalt leader talks about new era for project, IdahoSPONSOREDecobalt solutionsGolden Mile positioned for successSPONSOREDgolden mile resources"Our preliminary review of the DEIS shows no major data gaps or substantive impacts associated with a mine at...Read More
"Had the opposition party… won the election," said the president Tuesday," the Stock Market would be down at least 10,000 points by now."Instead, Mr. Trump exulted, "We are heading up, up, up!"And for the moment "we" certainly are.The stock market has largely been heading up, up, up two months running.We are convinced the Federal Reserve's newfound dovishness is far more responsible than the...Read More
Losing your job is one of the most devastating life events both emotionally and financially.Open the paper or do a quick Google search online and you'll see all the recent corporate layoffs happening in America.This month, General Motors said it was starting to hand pink slips to about 4,000 salaried workers in the latest round of restructuring.In January, CNBC reported Verizon Media Group, former...Read More
In a shocking turn of events, the Canadian Province of Alberta abandoned free market capitalism in December of 2018.This was a story we were on top of as events unfolded.Following the lead of dictators and oppressive regimes around the world, Alberta announced the enactment of mandatory production cuts for large oil producers operating in the province.Keep in mind that Alberta is the Canadian equi...Read More
Black Iron (TSX: BKI; US-OTC: BKIRF) and Glencore (LON: GLEN) are in talks to finance construction of the junior's Shymanivske iron ore project in Ukraine and have signed a non-binding memorandum of understanding to begin formal negotiations on the financing-offtake package."They've had their eye on this project for a while and a number of things are quickly coming together such that Glencore beli...Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftEastern promise for PolarXSPONSOREDpolarxCobalt leader talks about new era for project, IdahoSPONSOREDecobalt solutionsGolden Mile positioned for successSPONSOREDgolden mile resourcesAustralian and international mining stock price indices have more than doubled since early 2016.Read More
Lonmin said it had received a written notice of secondary strike action from AMCU in support of the industrial action at Sibanye-Stillwater's gold operations.Read More
Anglo American subsidiary De Beers achieved a 4% year-on-year increase in revenue to $6.1-billion in 2018, compared with $5.8-billion in 2017, which was supported by improved high-end jewellery sales at De Beers Jewellers.Its earnings before interest, taxes, depreciation and amortisation, however, decreased by 13% to $1.2-billion, compared with $1.4-billion in 2017.Advertisement“While unit c...Read More
I spent the bulk of the last month in two countries that have been ravaged by drugs and violence for decades.Both have borne witness to gang wars that have killed more people than the populations of some large U.S. cities. They've witnessed crimes so brutal that you wouldn't believe it if you read them in a horror novel. The citizens have lived through government corruption that makes the United S...Read More
Unusually, too, for the male-dominated mining sector, the CEO is a woman - Saila Miettinen-Lähde - a veteran of nickel producer Talvivaara where the Finnish state is today the largest shareholder. Endomines' production profile is small, at least for now, with its only producing mine, Friday in the US, expected to ramp up this year to an annual tally of about 9,000oz - although expansion is on...Read More
ASIAN METALS MARKET UPDATEI am not concerned over the rise in gold prices. I was bullish on gold, I am bullish on gold and I will remain bullish on gold. There will be corrections in gold prices. It will not be a one way traffic. What will be the floor price/bottom price if gold prices fall? To me a correction of $100-$125 are a part and parcel of the bull rally in gold. Right now gold should no...Read More
ASIAN METALS MARKET UPDATEI am not concerned over the rise in gold prices. I was bullish on gold, I am bullish on gold and I will remain bullish on gold. There will be corrections in gold prices. It will not be a one way traffic. What will be the floor price/bottom price if gold prices fall? To me a correction of $100-$125 are a part and parcel of the bull rally in gold. Right now gold should no...Read More
How long will rates be on hold?Read full newsRead More
How long will rates be on hold?Read full newsRead 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
The stock that Marin Katusa has been touting as his "FOREVER ROYALTIES" stock in my opinion is Lucara Diamond. He has pitched Lucara many times as you can see here. The royalty part com...Read full newsRead More