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
Do you recognize this chart?Hint: This is one of my favorite areas of the market. And it’s an opportunity we’ve talked a lot about here at The Daily Edge.If you correctly identified this as a price chart for gold, give yourself a pat on the back.Even better, if you’re actually invested in gold, you’re doing even better. Because the higher the price for gold, the more wealth...Read More
VANCOUVER - British Columbia is known for its coal and copper-gold deposits, with a storied history of mining all three commodities. Now the second largest mining company in the world is looking to add a B.C. copper porphyry deposit to its portfolio of development properties.Speaking at the opening ceremony of the Association for Mineral Exploration's Roundup 2019 convention in Vancouver, Rio Tint...Read More
VANCOUVER - Miners and explorers in British Columbia hit paydirt on Monday, with B.C. Premier John Horgan announcing that two investment-friendly tax credits would be made permanent and no longer be re-evaluated on an annual basis.Speaking at Roundup 2019, the annual meet-up organized by the Association for Mineral Exploration (AME), Horgan said his government will adopt the recommendations of the...Read More
Here we go again. With memories still fresh of Vale and BHP's deadly Samarco iron ore tailings disaster in Mariana, Brazil in November 2015 - which killed 19 people - comes news of a smaller but even more deadly tailings dam collapse at Dam 1 of Vale's Feijao iron ore mine in Brazil's Minas Gerais state during the early afternoon of Friday, Jan. 25.The tailings spilled out with no warning to bury...Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftGolden Mile positioned for successSPONSOREDgolden mile resourcesCardinal advances at pace in Ghana SPONSOREDcardinal resourcesRevised Leonora PFS is next for KinSPONSOREDkin miningThere are times as a parent, in particular the parent of a teenage boy, when we simply have to accept the realit...Read More
Operations have resumed at Aim-listed BlueRock Diamonds’ Kareevlei diamond mine, in Kimberley, in South Africa’s Northern Cape province.This follows a temporary suspension of operations from January 22, after the Department of Mineral Resources imposed a Section 54 notice.AdvertisementThe Section 54 notice was in relation to the code of practice relating to the operation of trackless m...Read More
In Canada, registered medical patients have been allowed to use cannabidiol (CBD) legally since 2001, or almost two decades.When Canada legalized cannabis last fall, CBD became legal for all adults to use.It immediately sold out. All of it.There is now a medical cannabis and CBD shortage.According to James O'Hara of Canadians for Fair Access to Medical Marijuana:"It's actually more than a supply i...Read More
No rate hike today.As roundly expected, the Federal Reserve held steady.Mr. Jerome Powell claimed his band of 12 would be "patient" with rate hikes.But we are not so concerned with the day's changing scenery, the shifting kaleidoscope.Our concern is rather the grand sweep, the long view... the perspective of the circling eagle.Today we attempt a wider glance.What holds the eternal key to growth an...Read More
Venezuela is nearing to be another Iran or Libya as it is trying to switch away from US dollar to other currencies on its crude oil and other natural resources. There will be a regime change in Venezuela soon. Russia and China will not be able to stop a regime change in Venezuela. UK has declined to give Venezuela its gold. The message is clear, US and UK will not give gold to nations have given...Read More
Venezuela is nearing to be another Iran or Libya as it is trying to switch away from US dollar to other currencies on its crude oil and other natural resources. There will be a regime change in Venezuela soon. Russia and China will not be able to stop a regime change in Venezuela. UK has declined to give Venezuela its gold. The message is clear, US and UK will not give gold to nations have given...Read More
Nevada Sunrise Gold Corporation (TSXV:NEV) (Read full newsRead More
Gold extended gains to an eight-month high as fallout from geopolitical turmoil including US-China trade tensions, a WW3-inducing Venezuelan 'coup', and Brexit uncertainty has spurred demand for the safe-haven metal.Read full newsRead More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
British Columbia is known for its coal and copper-gold deposits, with a storied history of mining all three commodities. Now the second largest mining company in the world is hoping to add a BC copper porphyry deposit to its portfolio of development properties.Rio Tinto's (ASX, LON:RIO) Chris Welton said the London and New York-listed mega-miner is scoping out British Columbia for a copper play."W...Read More
British Columbia is known for its coal and copper-gold deposits, with a storied history of mining all three commodities. Now the second largest mining company in the world is hoping to add a BC copper porphyry deposit to its portfolio of development properties.Rio Tinto's (ASX, LON:RIO) Chris Welton said the London and New York-listed mega-miner is scoping out British Columbia for a copper play."W...Read More
British Columbia is known for its coal and copper-gold deposits, with a storied history of mining all three commodities. Now the second largest mining company in the world is hoping to add a BC copper porphyry deposit to its portfolio of development properties.Rio Tinto's (ASX, LON:RIO) Chris Welton said the London and New York-listed mega-miner is scoping out British Columbia, Canada for a copper...Read More
The S&P and Nasdaq, on the other hand, closed lowerThe Dow explored a 170-point trading range on both sides of breakeven, as Wall Street digested the latest round of blue-chip earnings. The index managed a modest gain by the close on positive reactions for Pfizer (PFE) and 3M (MMM). The S&P 500 and Nasdaq weren't so resilient, settling with losses as tech stocks sold off on fresh tensions between...Read More
Australia's Newcrest Mining on Wednesday reported a near 7 percent rise in its second quarter gold output, driven by increased production across all its operations, led by its flagship Cadia mine. Total gold production for the country's largest independent gold miner for the three months to Dec. 31 came in at 654,849 ounces compared with 612,695 ounces a year ago, a 19 percent increase from the pr...Read More
Australia's Newcrest Mining on Wednesday reported a near 7 percent rise in its second quarter gold output, driven by increased production across all its operations, led by its flagship Cadia mine. Total gold production for the country's largest independent gold miner for the three months to Dec. 31 came in at 654,849 ounces compared with 612,695 ounces a year ago, a 19 percent increase from the pr...Read More
By 2030, the amount of installed wind power globally will more than double, according to the International Energy Agency (IEA). Installed solar power will quadruple.And the number of electric vehicles will increase 1,389% - to 125 million from three million - by 2030, and 3,333% in 2040 to 300 million, according to the IEA.Given that each electric vehicle requires 83 kilograms of copper and each...Read More