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

The Spain-focused miner produced 42,114 tonnes of copper in 2018 at Proyecto Riotinto, up 13% on 2017 and above the increased high-end guidance of 41,000t.Read More

After spending 17 years with Newmont Mining as a senior exploration geologist, and being transferred twice in the same year (1997), I decided it was time to strike out and do something new.As fate would have it, later that year I landed a most interesting job with a privately funded, start-up mining and energy exploration company.The company was owned by Mr. Mohamed Al Fayed, a wealthy Egyptian bu...Read More

Latin American Minerals Inc (CVE:LAT) told investors it plans to complete a geophysical exploration program on its Butt township property in Ontario, Canada and has inked a contract with Generic Geo Inc, which will manage the work.The property, prospective for uranium and rare earths, has never been drilled, but several historical trenching and small-scale mining operations have occurred there.Not...Read More

South Africa’s mining production decreased by 5.6% year-on-year in November.Statistics South Africa on Tuesday reported that the largest contributors to the decrease had been the iron-ore, gold, diamonds and other non-metallic minerals sectors.AdvertisementCommenting on the report, Investec indicated in a statement on Tuesday that this outcome was notably below market expectations.Further,...Read More

Fed Chair Jay Powell did not deliver any early Christmas presents to the markets last month, but he did pop the cork on a bottle of Champagne as a belated New Year's gift on Friday, Jan. 4.With just a few words, Powell sent the most powerful signal from the Fed since March 2015. Investors who understand and properly interpret that signal stand to avoid losses and reap huge gains in the weeks ahead...Read More

Today we reveal the time frame of the next recession - to within three months.The surprising details anon. But first to a far more immediate catastrophe...We are informed the partial government "shutdown" has entered a record-extending 25th day.It is information we must take on faith, and at second hand.That is because we have suffered not the slightest disruption to our affairs... nor has anyone...Read More

Another day, another big acquisition in the marijuana sector.This time it is Whistler Medical Marijuana, with which Aurora Cannabis, Inc. just entered into a letter of intent that will see Aurora acquire the privately-held company for around $175 million.The all-stock transaction is just one more on a growing list of consolidation that is only going to accelerate this year.The Race Is OnThe early...Read More

Newmont Mining Corp. will buy rival Goldcorp Inc. in a deal valued at $10 billion, creating the world's largest gold miner and cementing a return of M&A to the industry.Read full newsRead More

Newmont Mining will take over Goldcorp in a deal worth US$10 billion, creating the world's leading gold company.Read full newsRead More

If crude oil rises over $10 by month and floats over $72 (brent), then there will be renewed fears of global recession. Right now, I believe most of the global slowdown related news has been discounted in by the markets. The pace of rise of crude oil will determine recession or growth or slowdown. Energy prices ? inflation determination? Interest rate cycle. There are host of other factors which...Read More

If crude oil rises over $10 by month and floats over $72 (brent), then there will be renewed fears of global recession. Right now, I believe most of the global slowdown related news has been discounted in by the markets. The pace of rise of crude oil will determine recession or growth or slowdown. Energy prices ? inflation determination? Interest rate cycle. There are host of other factors which...Read More

Despite cost controls, increased efficiency, and higher activity offshore Norway, oil production at Western Europe's largest oil producer fell in 2018 compared to 2017 and is further expected to drop this year to its lowest level since 1988.Read full newsRead More

Going Bananas US debt to GDP exceeds 100%, in the danger zone that has historically led most countries into a banana-republic-style sovereign-credit crisis, loss of currency value, and credit collapse. The ratio has hovered near the 100% level since 2013 without adverse consequences. Over the past year, the dollar has been generally strong relative to ...Read full newsRead More

Going Bananas US debt to GDP exceeds 100%, in the danger zone that has historically led most countries into a banana-republic-style sovereign-credit crisis, loss of currency value, and credit collapse. The ratio has hovered near the 100% level since 2013 without adverse consequences. Over the past year, the dollar has been generally strong relative to ...Read full newsRead More

In the latest deal in what's becoming a wave of consolidation among gold miners, Newmont Mining announced on Monday that it would buy smaller miner Gold Corp in a deal valued at $10 billion.Read full newsRead More

Summary:An update to the Periodic Table of Commodity Returns.Goldman Sachs issues an overweight recommendation for gold and commodities.Paradigm Capital says royalty companies are the "best bet" in metals and mining.Our ever-popular Periodic Table of Commodity Returns has been updated for 2018 and is now available on the U.S. Global Investors website! I invite you to get lost using the interactive...Read More

The stock market weakness helped buoy gold prices, thoughThe Dow started the week on a negative note, as Chinese trade data accelerated concerns over the strength of the global economy. Traders also took money off the table ahead of fourth-quarter earnings season, even as bank stocks got a lift on Citigroup's (C) stronger-than-expected profit. The S&P 500 and Nasdaq also settled with a loss, while...Read More

* China 2018 unwrought copper imports at 5.3 mln T - customs* December imports down 4.7 pct at 429,000 T - customs* Copper concentrate imports hit record 19.72 MT in 2018* Scrap ban boosts demand for other forms of copper - analyst (Adds official Dec numbers, background, analyst comment)BEIJING - China's unwrought copper imports rose 12.9 percent to a record annual high of 5.3 million tonnes in 20...Read More

The clothing company just reiterated its fourth-quarter guidanceAbercrombie & Fitch Co (NYSE:ANF) stock is taking a hit today after the company revealed weak same-store sales for the fourth quarter -- adding to the retail sector's broader troubles. The company cited a negativeimpact from currency exchange rates, the calendar setup, and noted weakness in its women's wear category. At last check, A...Read More

The cost to create the world's largest gold company: A 17 percent premium for a $10 billion all-shares acquisition that faces some big-time challenges down the line.Newmont Mining Corp.'s deal for Goldcorp Inc. stands in stark contrast to the recent zero-premium merger between Barrick Gold Corp. and Randgold Resources. The key question: Why? In October, Goldcorp shares fell to their lowest since 2...Read More