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

After nine months of intermittent production due to illegal strikes and social unrest, Barrick Gold's Tongon mine in Ivory Coast returned to normal in the last quarter of 2018, achieved its revised production target of 230,000 ounces for the year, down from 288,680 ounces in 2017.Operations at the mine, which the Canadian gold giant acquired after the merger with Randgold, had to be halted a few...Read More

Political uncertainty means there's no time like the present when it comes to commodities trading, according to Goldman Sachs Group Inc.Traders are less willing to buy and sell long-dated futures because of increasing risks associated with trade wars and other geopolitical fissures springing up around the globe, Jeff Currie, head of commodities research at Goldman, said in an interview on Bloomber...Read More

Political uncertainty means there's no time like the present when it comes to commodities trading, according to Goldman Sachs Group Inc.Traders are less willing to buy and sell long-dated futures because of increasing risks associated with trade wars and other geopolitical fissures springing up around the globe, Jeff Currie, head of commodities research at Goldman, said in an interview on Bloomber...Read More

Australia and New Zealand Banking Group Ltd (ANZ), whose gold bullion business is one of Asia's largest, said on Thursday it was closing its precious metals vault in Singapore.The move follows the bank's sale last year of its stake in an exchange-traded fund backed by physical gold and sources say it is part of a scaling back of ANZ's precious metals business.While ANZ is trimming, increasing regu...Read More

Australia and New Zealand Banking Group Ltd (ANZ), whose gold bullion business is one of Asia's largest, said on Thursday it was closing its precious metals vault in Singapore.The move follows the bank's sale last year of its stake in an exchange-traded fund backed by physical gold and sources say it is part of a scaling back of ANZ's precious metals business.While ANZ is trimming, increasing regu...Read More

Investors are proving a fairly patient lot these days, considering the big questions marks around the global economy and the U.S. government itself. Comments from top White House economic adviser Kevin Hassett a day earlier about "zero" growth for the U.S. if the shutdown doesn't end soon, are still the subject of some chatter for Wednesday. The day for Wall Street is looking positive so far, but...Read More

Investors are proving a fairly patient lot these days, considering the big questions marks around the global economy and the U.S. government itself. Comments from top White House economic adviser Kevin Hassett a day earlier about "zero" growth for the U.S. if the shutdown doesn't end soon, are still the subject of some chatter for Wednesday. The day for Wall Street is looking positive so far, but...Read More

The similarities are eerie, and Republicans could be facing a crisis.He's a successful businessman who never held public office before winning the Presidency...He's coming into power after an electoral college landslide...And he did it by beating an out-of-touch New Yorker opponent.Once in office, he launches a vast trade war, promising to stand up for America's heartland, with 890 increased tarif...Read More

BMY gapped lower to a five-year bottom at the start of 2019 The shares of Bristol-Myers Squibb Co (NYSE:BMY) are down 3% in electronic trading, after the pharma name pulled the U.S application for its combo lung cancer treatment of Opdivo and Yervoy. This comes as the company has struggled to keep up with sector peer Merck (MRK) and its rival cancer drug Keytruda. What's more, the news is oversh...Read More

The chipmaker's fiscal 3Q results beat estimatesThe shares of Xilinx, Inc. (NASDAQ:XLNX) are set to soar 9.4% out of the gate-- and could take aim at its June 2000 record high of $98.31 -- after the chipmaker reported fiscal third-quarter adjusted earnings of 92 cents per share on $800 million in revenue -- more than analysts were expecting. Plus, the San Jose-based company said it expects current...Read More

Dow component Intel will be in the earnings spotlight post-closeDow Jones Industrial Average (DJI) futures are indicating a lower open this morning, as traders prepare for a huge day of earnings. While no blue-chip numbers are set to come through untilIntel (INTC) reports after the close, there are still plenty of other quarterly updates to digest this morning. Adding to the busy backdrop are fres...Read More

Chile's Chemical and Mining Society (SQM), the world's second largest producer of lithium, used in batteries that power electric cars and high tech devices, has taken measures to protect sensitive information from China's Tianqi Lithium, which recently acquired almost a quarter of the company.The deal, which took months to get approved by Chile's antitrust regulators, received the okay in October,...Read More

Once seen as a laggard in the global mining industry, U.S. copper deposits have quietly drawn more than $1.1 billion in investments from small and large miners alike as Tesla and other electric carmakers scramble for more of the red metal."Fifteen years ago, U.S. mining was thought to be a dead industry, but now it's a profitable area for us"Four U.S. copper projects are set to open by next year -...Read More

Once seen as a laggard in the global mining industry, U.S. copper deposits have quietly drawn more than $1.1 billion in investments from small and large miners alike as Tesla and other electric carmakers scramble for more of the red metal."Fifteen years ago, U.S. mining was thought to be a dead industry, but now it's a profitable area for us"Four U.S. copper projects are set to open by next year -...Read More

Lucara Diamond (TSX:LUC) today stated that it is on track with the works towards a feasibility study for a potential underground operation at its 100%-owned and operated Karowe diamond mine.The Karowe mine is located in northern Botswana and hosted the world's second-largest diamond, which Lucara unearthed in 2016.According to Lucara, the $14.8-million feasibility study that would allow them to ex...Read More

Lucara Diamond (TSX:LUC) today stated that it is on track with the works towards a feasibility study for a potential underground operation at its 100%-owned and operated Karowe diamond mine.The Karowe mine is located in northern Botswana and hosted the world's second-largest diamond, which Lucara unearthed in 2016.According to Lucara, the $14.8-million feasibility study that would allow them to ex...Read More

Orinoco Gold (ASX: OGX) announced that it has just started working with AngloGold Ashanti (JSE:ANG) (NYSE:AU) on establishing an in-country joint venture entity in Brazil, an undertaking that should be completed in the first quarter of 2019.The announcement was made after both companies confirmed the original terms of an earn-in agreement they signed back in 2017.The regional exploration joint ven...Read More

Orinoco Gold (ASX: OGX) announced that it has just started working with AngloGold Ashanti (JSE:ANG) (NYSE:AU) on establishing an in-country joint venture entity in Brazil, an undertaking that should be completed in the first quarter of 2019.The announcement was made after both companies confirmed the original terms of an earn-in agreement they signed back in 2017.The regional exploration joint ven...Read More

Orinoco Gold (ASX: OGX) announced that it has just started working with AngloGold Ashanti (JSE:ANG) (NYSE:AU) on establishing an in-country joint venture entity in Brazil, an undertaking that should be completed in the first quarter of 2019.The announcement was made after both companies confirmed the original terms of an earn-in agreement they signed back in 2017.The regional exploration joint ven...Read More

Orinoco Gold (ASX: OGX) announced that it has just started working with AngloGold Ashanti (JSE:ANG) (NYSE:AU) on establishing an in-country joint venture entity in Brazil, an undertaking that should be completed in the first quarter of 2019.The announcement was made after both companies confirmed the original terms of an earn-in agreement they signed back in 2017.The regional exploration joint ven...Read More