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
Energy Fuels Inc. (NYSEAMERICAN:UUUU) (TSE:EFR) said Monday that it has resumed vanadium production at its White Mesa mill in Utah and is preparing for increased uranium production.The Lakewood, Colorado-based company said in a press release that in December, it began an effort to recover vanadium pentoxide from tailings pond solutions at White Mesa related to mineral processing. This month, the c...Read More
In 2017, every prominent economic forecasting entity was shouting from the rooftops about "synchronized global growth." This was a reference to the fact that not only were certain economies growing, but they were all growing at the same time.Chinese GDP growth had come down but was still substantial at 6.85%. U.S. GDP growth was posting solid gains of 3.0% in the second quarter of 2017 and 2.8% in...Read More
Fed Chair Jay Powell just sent the most powerful signal from the Fed since March 2015. He has pretty much taken a March 2019 rate hike off the table until further notice. At a forum hosted by the American Economic Association in Atlanta last Friday, Powell used the word “patient” to describe the Fed’s approach to the next interest rate hike. When Powell did this, he was...Read More
It's no secret that 2018 was a challenging year for most of us who make our living sharing insight, research, and speculation on junior resource stocks.Tax-loss selling at the end of 2018 was a nice last kick in the behind to close out the year.The first week of 2019, however, is off to a very good start with many of the better companies surging 30-40, even 100% in less than two weeks.Midas Gold (...Read More
Preliminary results from Democratic Republic of Congo's tumultuous presidential election will be delayed past Sunday's deadline, the head of the election commission told Reuters.The commission, known as CENI, had received only 47 percent of vote tally sheets as of Saturday, said its president, Corneille Nangaa, and it was not yet clear when the results would be ready.The delay is the latest setbac...Read More
Global refined copper consumption will register steady growth over the coming years, driven by demand from the power industry, rising electric vehicle (EV) production and a positive global economic growth outlook, a new copper supply and demand outlook by Fitch Solutions shows.Fitch forecasts that global copper demand will increase from 23.6mnt in 2018 to 29 .8mnt by 2027, at 2.6% annual growth.Bu...Read More
Global refined copper consumption will register steady growth over the coming years, driven by demand from the power industry, rising electric vehicle (EV) production and a positive global economic growth outlook, a new copper supply and demand outlook by Fitch Solutions shows.Fitch forecasts that global copper demand will increase from 23.6mnt in 2018 to 29 .8mnt by 2027, at 2.6% annual growth.Bu...Read More
At least 30 Afghans were killed on Sunday when the tunnel they were digging in to mine gold in northern Afghanistan collapsed, officials said.Officials said the victims were villagers who were mining for gold illegally, rather than in a government project."Poor villagers during winters try to compensate their earnings by pursuing illegal mining. They dig tunnels to enter the mines," Nek Mohammad N...Read More
At least 30 Afghans were killed on Sunday when the tunnel they were digging in to mine gold in northern Afghanistan collapsed, officials said.Officials said the victims were villagers who were mining for gold illegally, rather than in a government project."Poor villagers during winters try to compensate their earnings by pursuing illegal mining. They dig tunnels to enter the mines," Nek Mohammad N...Read More
Ecuador, one of the hottest destinations for copper prospectors, aims to more than double the value of mining to its economy by 2021, but projects risks delays and potential halts due to growing local opposition to the extraction of the country's resources.According to the latest report by Fitch Solutions Macro Research, the ongoing expansion of mining exploration in the South American country is...Read More
Ecuador, one of the hottest destinations for copper prospectors, aims to more than double the value of mining to its economy by 2021, but projects risks delays and potential halts due to growing local opposition to the extraction of the country's resources.According to the latest report by Fitch Solutions Macro Research, the ongoing expansion of mining exploration in the South American country is...Read More
Ecuador, one of the hottest destinations for copper prospectors, aims to more than double the value of mining to its economy by 2021, but projects risks delays and potential halts due to growing local opposition to the extraction of the country's resources.According to the latest report by Fitch Solutions Macro Research, the ongoing expansion of mining exploration in the South American country is...Read More
Ecuador, one of the hottest destinations for copper prospectors, aims to more than double the value of mining to its economy by 2021, but projects risks delays and potential halts due to growing local opposition to the extraction of the country's resources.According to the latest report by Fitch Solutions Macro Research, the ongoing expansion of mining exploration in the South American country is...Read More
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Last year was a tough one for silver investors and miners. The white metal started the year on a positive note, opening at just over US$17 an ounce, but then the wheels fell off and it plunged to under US$14 per ounce in mid-November 2018.While silver has rallied in recent days, following gold higher, to trade at US$15.70 per ounce, it is still well under US$17 an ounce and down by 8% over the las...Read More
In early December, I'd discussed bullish signs for gold as we prepared to enter the new year. At the time, the spot price of gold had just reached $1,250 per ounce. As of this writing, gold has climbed to nearly $1,300 per ounce. There is good reason to believe that the yellow metal can carry this momentum throughout 2019.The bout of stock market volatility has spilled over into 2019. It shows no...Read More
Pacific Empire Minerals (TSXV: PEMC) recently consolidated 90 sq. km of contiguous claims in central B.C.'s Babine copper-gold porphyry district into its Paragon copper-gold project after amalgamating its Wasp property and recently option Nilkitkwa property with six claims of newly staked ground.Rock samples from a due diligence program at Nilkitkwa include 1.89% copper and 0.2% copper. The six cl...Read More
Small-scale gold mining has led to the destruction of more than 170,000 acres of primary rainforest in the Peruvian Amazon over the past five years, according to new research.Read full newsRead More
An Australian mining company wants to expand its mine in South Carolina because they have found more gold.Read full newsRead More