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
Russian diamond miner Alrosa reported 2018 production volumes of 36.7-million carats and sales of 38.1-million carats.Production declined by 7% year-on-year, owing to the shutdown of the Mir underground mine and the completion of openpit mining at the Udachnaya pipe.AdvertisementThe sales volume decreased 8% year-on-year, but sales proceeds increased by 6% year-on-year to $4.5-billion.In the fourt...Read More
HARARE – Russian diamond giant Alrosa and Chinese-owned Anjin are the two foreign companies chosen by Zimbabwe's government to partner the state-diamond firm in exploring and mining diamonds, a state-run newspaper reported on Thursday.The southern African nation announced in December that it would allow two private companies to explore and mine gems and Alrosa said last week it had set u...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25It produced 294,700 tonnes of copper during the year, up 14% year-on-year and at the top end of the 270,000-300,000t forecast.Read More
Is there a more attractive stock to buy right now than China Mobile (CHL)?If there is I’d love to hear about it... seriously!I first wrote about how attractive I thought shares of China Mobile were at the start of October.Since then, the stock has outperformed the S&P 500 by more than 13 percent.But I still think it is a table-pounding buy!Let me lay out my investment case today for Chin...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25Anglo achieved a 7% year-on-year increase in total quarterly production on a copper equivalent basis, excluding the effect of the Minas-Rio stoppage.Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25"BC has the copper advantage," he said.Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25Construction had crossed the 20% mark, he told Mining Journal in Vancouver. "Our 30-strong team is now fully mobilised to either Reno or Yerrington (the host town).Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25The company said the slippage occurred in the early hours of January 23, on the slope of the northern zone of the openpit mine at the mining hydrometallurgical complex in the Seville province.It said the slippage had not caused harm to any people, nor had an...Read More
Likely Shadary win in DR Congo threatens further squeeze on miners' profitsSPONSOREDverisk maplecroftAlderan unlocking Frisco potentialSPONSOREDalderan resourcesRhyolite Ridge PFS beats expectationsSPONSOREDioneerElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25The fever started to grip with Barrick Gold's much-praised acquisition of Randgold Resources (read: Mark Bri...Read More
Lucara sells large diamonds for US$32.5mPrecious stonesLikely Shadary win in DR Congo threatens further squeeze on miners' profitsSPONSOREDverisk maplecroftAlderan unlocking Frisco potentialSPONSOREDalderan resourcesRhyolite Ridge PFS beats expectationsSPONSOREDioneerLast year saw rising US interest rates (both bond yields and the US Fed funds) and a strong US dollar, coupled with escalating t...Read More
Likely Shadary win in DR Congo threatens further squeeze on miners' profitsSPONSOREDverisk maplecroftAlderan unlocking Frisco potentialSPONSOREDalderan resourcesRhyolite Ridge PFS beats expectationsSPONSOREDioneerElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25Australia's minister for resources asked a committee of mining industry stakeholders in March 2018 to "ident...Read More
Berkeley Energia Ltd (LON:BKY) shares jumped on Wednesday as the group updated on its progress with the Salamanca uranium project and highlighted that the fundamentals for uranium mining remain "very strong".In its latest quarterly report, the company said that spot uranium price continued to strengthen during the quarter, rising 4% to US$28.5 per pound by the end of the three months."The fundamen...Read More
The association is preparing for its upcoming annual Mineral Exploration Roundup event themed ‘Elements of discovery' that will seek to address this and other issues from January 28-31 inRead More
A rare, predatory and invasive species is on the loose...This fi-fo-fum presently besieges a small village high in the Alps of Switzerland.But it has designs on the world.It is a Rolexed, Gucci-ed homunculus anthropologists call Homo Davos - Davos Man.Each year he descends upon the Swiss resort. There he lives a gorgeous week in the company of his fellows.Why Davos?No coincidence, we hazard, that...Read More
Commodity stocks are firing up and I want to bring your attention to one of the best companies in the sector.Kutcho Copper negotiated one of the best deals in recent memory in the junior space with partner Wheaton Precious Metals. Despite the partnership, the execution in 2018, and a great anchor asset, the company is trading closer to 52-week lows than 52-week highs.With multiple near-term cataly...Read More
Hold on to your hats, or your stash, because marijuana is about to take another big step toward full-blown legalization.There's going to be a rupture. And it's been a long time coming.Here's the deal...As you no doubt know, marijuana legalization has been advancing at a rapid pace... on the state level.Ten states - Alaska, Washington, Oregon, California, Nevada, Colorado, Michigan, Vermont, Massac...Read More
Gold prices held steady on Tuesday, supported by concerns over a slowdown in glo...Read full newsRead More
Barrick Gold Corp.'s full-year gold production was 4.53 million ounces for 2018 and full year gold sales of 4.54 million ounces, according to preliminary results announced Jan. 21.Read full newsRead More
Gold and silver are steady. Trump's top economic advisor is looking for commitments from China for a trade deal. Uncertainties over a trade deal will prevent gold from a big sell off. Right now the trend in gold is neutral. Silver needs to trade over $1500 to be in a bullish zone. Day traders are on the sidelines. Long term investors are using sharp dips to invest in gold. Some large fund manage...Read More
Gold and silver are steady. Trump's top economic advisor is looking for commitments from China for a trade deal. Uncertainties over a trade deal will prevent gold from a big sell off. Right now the trend in gold is neutral. Silver needs to trade over $1500 to be in a bullish zone. Day traders are on the sidelines. Long term investors are using sharp dips to invest in gold. Some large fund manage...Read More