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
Last year was disappointing, but the Silver Institute is predicting a "more supportive" climate for silver this year. Sales of the US Mint's American Eagle coins rose 12% in January 2019, compared to the same month a year earlier. Silver should also benefit as the U.S. Federal Reserve is expected to ease off interest rate hikes.The demand for physical silver investment should grow by 5%.On the dem...Read More
Last year was disappointing, but the Silver Institute is predicting a "more supportive" climate for silver this year. Sales of the US Mint's American Eagle coins rose 12% in January 2019, compared to the same month a year earlier. Silver should also benefit as the U.S. Federal Reserve is expected to ease off interest rate hikes.The demand for physical silver investment should grow by 5%.On the dem...Read More
South Africa-based Gold Fields has announced plans to build one of the world's largest solar power and battery facilities at its Granny Smith gold mine 400 km northeast of Kalgoorlie. The system will be powered by more than 20,000 solar panels. Backup will be provided by a 2 MWh/1 MWh battery system.Gold Fields has contracted Aggreko, a mobile and modular power company, to design, build and operat...Read More
South Africa-based Gold Fields has announced plans to build one of the world's largest solar power and battery facilities at its Granny Smith gold mine 400 km northeast of Kalgoorlie. The system will be powered by more than 20,000 solar panels. Backup will be provided by a 2 MWh/1 MWh battery system.Gold Fields has contracted Aggreko, a mobile and modular power company, to design, build and operat...Read More
South Africa-based Gold Fields has announced plans to build one of the world's largest solar power and battery facilities at its Granny Smith gold mine 400 km northeast of Kalgoorlie. The system will be powered by more than 20,000 solar panels. Backup will be provided by a 2 MWh/1 MWh battery system.Gold Fields has contracted Aggreko, a mobile and modular power company, to design, build and operat...Read More
Over the last four years, Pure Gold Mining (TSXV: PGM) has doubled the indicated resource for its Madsen gold project in Red Lake, Ontario-one of the highest grade undeveloped gold deposits in the world."We think the build would be fairly short so sometime in 2020 you could conceivably see the mill turning"The company released an updated resource estimate today that sees Madsen's indicated resourc...Read More
Over the last four years, Pure Gold Mining (TSXV: PGM) has doubled the indicated resource for its Madsen gold project in Red Lake, Ontario-one of the highest grade undeveloped gold deposits in the world."We think the build would be fairly short so sometime in 2020 you could conceivably see the mill turning"The company released an updated resource estimate today that sees Madsen's indicated resourc...Read More
Over the last four years, Pure Gold Mining (TSXV: PGM) has doubled the indicated resource for its Madsen gold project in Red Lake, Ontario-one of the highest grade undeveloped gold deposits in the world."We think the build would be fairly short so sometime in 2020 you could conceivably see the mill turning"The company released an updated resource estimate today that sees Madsen's indicated resourc...Read More
Construction of the Gold Bar mine near Eureka, Nevada is on time and on budget. Owner McEwen Mining of Toronto says the first gold pour will happen this month, and the $81.4 million budget has not increased. Commercial production is expected by the end of Q1 2019.McEwen has placed about 136,000 tonnes of ore on the leach pad, and anticipates producing 55,000 oz. of gold this year at an all-in cost...Read More
Construction of the Gold Bar mine near Eureka, Nevada is on time and on budget. Owner McEwen Mining of Toronto says the first gold pour will happen this month, and the $81.4 million budget has not increased. Commercial production is expected by the end of Q1 2019.McEwen has placed about 136,000 tonnes of ore on the leach pad, and anticipates producing 55,000 oz. of gold this year at an all-in cost...Read More
Construction of the Gold Bar mine near Eureka, Nevada is on time and on budget. Owner McEwen Mining of Toronto says the first gold pour will happen this month, and the $81.4 million budget has not increased. Commercial production is expected by the end of Q1 2019.McEwen has placed about 136,000 tonnes of ore on the leach pad, and anticipates producing 55,000 oz. of gold this year at an all-in cost...Read More
Corcept Therapeutics issued a white paper to refute "offensive nonsense" from shorts Corcept Therapeutics Incorporated (NASDAQ:CORT) has had a roller-coaster day. The drugmaker started the day off touching new lows, after Blue Orca Capital disclosed its short position on the stock, echoing last week's scathing report from the Southern Investigative Reporting Foundation (SIRF). However, CORT pivote...Read More
Brazilian miner Vale SA on Tuesday declared force majeure on some iron ore contracts after a court-ordered halt to a mine responsible for nearly 9 percent of its output following a dam burst which likely killed more than 300 people.The force majeure on some iron ore and pellets sales contracts came after a court on Monday ordered it to stop using eight tailings dams, including one affecting produc...Read More
Newrange Gold Corp. (TSXV:NRG, OTC Pink:NRGOF) (Read full newsRead More
Gold traders and investors should be worried - gold-market timers have become extremely bullish. Gold timers on balance are more bullish today than on more than 96% of the trading days since 2000. That doesn't bode well from a contrarian perspective. To be sure, contrarian analysts were worried about gold several weeks ago, the last time I devoted a column to gold market sentiment. Yet gold bullio...Read More
Canada-listed junior miner Thor Explorations (TSX-V:THX) is getting ready to begin construction at its Segilola project in Nigeria, poised to become the country's first large-scale gold mine.Delivering the results of an independent definitive feasibility study (DFS) for the proposed gold operation, Thor said it planned to build an open pit mine as well as a new 625,000 tonnes per annum processing...Read More
Canada-listed junior miner Thor Explorations (TSX-V:THX) is getting ready to begin construction at its Segilola project in Nigeria, poised to become the country's first large-scale gold mine.Delivering the results of an independent definitive feasibility study (DFS) for the proposed gold operation, Thor said it planned to build an open pit mine as well as a new 625,000 tonnes per annum processing...Read More
Meanwhile, BOX stock is bouncing on a new "buy" endorsementU.S. stocks are higher today, as traders gear up for the State of the Union address tonight. Meanwhile, three names making sharp moves today are cloud concern Box Inc (NYSE:BOX), telecom issue CenturyLink, Inc. (NYSE:CTL), and poultry producer Tyson Foods, Inc. (NYSE:TSN). Here's what's moving shares of BOX, CTL, and TSN today. Analyst: Bu...Read More
ETSY is having a monster sessionEtsy Inc (NASDAQ:ETSY) is having a huge day on the charts, and call trading is surging as a result. Call volume is set to hit a 52-week high, with four times as many crossing compared to their put counterparts. New positions are opening at the February 60 and 65 calls, the most popular contracts today. Anyone buying to open positions here is wagering on ETSY stock p...Read More
Commodities Analysis by Investing.com (Barani Krishnan/Investing.com) covering: Crude Oil WTI Futures, Vale SA ADR, Nickel Futures, Lumber Futures. Read Investing.com (Barani Krishnan/Investing.com)'s latest article on Investing.comRead full newsRead More