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
Serial mine builder and financier Stephen Roman cut his teeth working for Denison Mines (TSX: DML; NYSE-AM: DNN), the uranium company built by his father.After starting there as a miner at the age of 19, he spent the next 25 years at the uranium producer before striking out on his own in 1990-1991.Roman went on to develop several gold projects - the most recent being Harte Gold's (TSX: HRT; US-OTC...Read More
The second half of 2018 was a difficult period for silver investors and miners. After recovering from a long-term bear market in late 2016, the white metal plunged to under US$14 during November 2018 and has barely recovered to now be trading at just over US$15 an ounce. While the outlook for silver remains stagnant, meaning that major primary silver miners are incapable of unlocking significant v...Read More
Drilling operations on Allegiant Gold's Eastside gold property near Tonopah, Nevada. Source: Allegiant Gold Ltd.Allegiant Gold Ltd. [AUAU-TSXV; AUXXF-OTCQX] said Tuesday January 22 that it has optioned out three U.S. projects in a move to cut costs and allow the company to focus on six projects that are slated for near-term drilling."With our focus in the foreseeable future clearly dedicated to ou...Read More
Diamond drilling on Tasca's Poplar Project near Houston, British Colombia. Photo courtesy Tasca Resources Ltd.Tasca Resources Ltd. [TAC-TSXV; ECMXF-OTC; 3TA-FSE] emerged as the volume leader on the TSX Venture Exchange Tuesday January 22 after the company reported results from diamond drilling at its Poplar copper project located southwest of Houston, British Columbia.Investors responded by sendin...Read More
January 22, 2019 Vancouver, BC - Chemesis International Inc. (CSE: CSI) (OTC: CADMF) (FRA: CWAA) (the "Company" or "Chemesis"), announces a strategic partnership with Dank City, a social media marketing company specializing in cannabis products and brands. Dank City will be the primary advertising component for the Jay and Silent Bob's Private Stash cannabis line of products, as well as other bra...Read More
Full Article: Bull in the China ShopBy: John MauldinThis week's letter focuses on China's economy. We'll look at some numbers showing the challenges China faces, but they don't explain something important. The way China will meet those challenges is going to be substantially different than we would see in the West. So I want to start with a little context.When European Central Bank President Mari...Read More
(IDEX Online) - CIBJO's new Responsible Sourcing Blue Book highlighted a well-attended seminar at the Vicenzaoro January jewelry trade show in Vicenza, Italy, on January 19, which also featured the precious coral sector as a case study for sustainability. The seminar comprised the opening session of the 21st Symposium of the Federation for European Education in Gemmology (FEEG), which...Read More
(IDEX Online) - The Delgatto Diamond Finance Fund will be holding a roadshow at the Antwerp Diamond Club on January 28 on Delgatto's asset-based financing programs for the diamond and jewelry industries. With bank financing to the diamond industry declining, US-based Delgatto offers immediate loans based on companies' diamond inventory. Delgatto provides diamond firms...Read More
(IDEX Online) - The International Gemological Institute (IGI) will host its first Jewelry Design Course in Antwerp due to continued popularity with students. Being held from March 25-April 5, the course has been held in the past in Shanghai, India and Dubai, with the Antwerp course being the first European location for the program. "Developed to bring out a budding designer's innate...Read More
JOHANNESBURG – Zunaid Moti, who owns chrome businesses in South Africa and Zimbabwe, was released from detention in Germany after being held in Munich since August.Moti has returned to South Africa after an arrest warrant issued by Russia was canceled, according to an emailed statement from his company, the Moti Group.Advertisement“The full exoneration of Moti makes the fact of his det...Read More
(IDEX Online) - India's Gem & Jewellery Export Promotion Council (GJEPC), organized an India Pavilion at the Vicenzaoro Winter show which ends tomorrow, with a total of 355 sq m housing 19 exhibitors showcasing jewelry and loose stones. Pramod Kumar Agrawal, Chairman, GJEPC, said, "India's total exports of gems and jewelry to Europe accounted for $3.94 billion in 2018. Europe has b...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 three incidents occurred during the December 2018 half, impacting volumes by 4 million tonnes of iron or...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25The enlarged miner, which completed its merger with Randgold Resources on January 1, said it had made detailed proposals to the government about a partnership approach, to provide the state with an improved share in the economics without overburdening the mi...Read More
Greenland Minerals Ltd (ASX:GGG) largest shareholder Shenghe Resources Holding Co Ltd has formed a joint venture (JV) company with subsidiaries of China National Nuclear Corporation (CNNC).Shenghe will hold 45% of the JV company China Nuclear Sheng Mining Ltd which will be the designated agent for Shenghe for the import, export and trading of rare earth materials that carry radionuclides.Participa...Read More
Quebec-based diamond miner Stornoway Diamonds has appointed Hubert Lacroix and Angelina Mehta to its board of directors.Lacroix has more than 30 years of experience in business and law and has expertise in corporate governance. He served as president and CEO of CBC/Radio-Canada from January 2008 to June 2018, as special counsel at Stikeman Elliott from 2005 to 2008, and as executive chairperson at...Read More
The first time I appeared on live financial television was August 15, 2007. It was a guest appearance on CNBC's Squawk Box program at the early stages of the 2007-2008 financial crisis.Of course, none of us knew at that time exactly how and when things would play out, but it was clear to me that a meltdown was coming; the same meltdown I had been warning the government and academics about since 20...Read More
The government "shutdown" enters its second month.But today we raise a celebratory cheer...A cheer for the temporary unemployment of one subset of furloughed federal employees.We refer to the government statisticians who collect, sort, analyze, worry, torture and weaponize economic data.That is, those who throw false weights upon the scales in support of government policy x or government policy y....Read More
Goldspot, which will have the stock ticker, SPOT, has raised at least C$7.Read More
Before we get into this, I've got to say that I like some aspects of silver as an investment, but it tarnishes in the real world (sorry).I'm probably going to take some heat on this, and everyone feel free to email in and let me know what you think, but I think there are better metal investments (especially miners) to invest in right now.Unlike gold, where most of it goes into jewelry and investme...Read More
After the boom, backlash, and (partial) bust of Bitcoin in central Washington, one might expect an aversion to the technology. But instead, one authority Washington State's Douglas country wants to capitalize on the resources left in the aftermath of the mining bust to promote new growth in blockchain.Read full newsRead More