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
Barrick Gold Corp.'s new chief executive officer has a message for the gold industry: This is just the start of a big shake-up.Barrick agreed to buy smaller rival Randgold Resources Ltd. in a $5.4 billion deal announced in September. As part of the agreement, Randgold's CEO, Mark Bristow, became the chief executive of Barrick, the world's biggest gold miner."Without a doubt, this industry needs tr...Read More
How you can transform lagging indicators into leading indicators.With the market action of the last few weeks, some traders may feel like they're working blind -- after all, who knows what the Dow will do next? With bulls and bears butting heads in their predictions, many investors are looking for a way to try and predict what's to come, to avoid losing any of their capital to sudden corrections a...Read More
And the hits for Apple shareholders just keep on coming.Read full newsRead More
Newly public Finland gold explorer Firefox Gold (TSXV: FFOX) recently identified five new gold targets on its Jeesio gold project in Northern Finland's central Lapland greenstone belt after compiling samples in its geochemical database.The 2,751-sample Jeesio database contains 838 new till samples from the company's recently completed bottom of till sampling program, 768 historical Geological Surv...Read More
Gold rallied substantially toward the end of 2018, and it's now trading at close to US$1,290 per ounce. This can be attributed to rising uncertainty concerning the global economic outlook and greater geopolitical risk fueled by Trump's erratic approach to policy making. That notable increase sees the yellow metal up by around 1% over the last year and has been a boon for gold miners.Despite gold's...Read More
The company said in early December the Ethiopian government would formally sign off on its resettlement plan, project financing and construction schedule for the gold project "in the coming weeks". Sign-offs are needed for these on top of the mining licence, which Kefi got in 2015. The company now says this round of approvals will be done by the end of January."We reported that we expect...Read More
The Vancouver Resource Investment Conference (VRIC), to be held on January 20-21, is shaping up to be the largest show in six years, organiser Cambridge House International CEO Jay Martin told MiningRead More
Gold and silver looking good, still, so far… Remember, in a “legit bull market” for precious metals, silver will lead gold…This separation fits the description, but will need to widen considerably, with silver outperforming gold significantly, for a true bull market to be in play…The gold-to-silver ratio will need to fall sharply as well, from current levels (80 and a...Read More
(IDEX Online) - The Diamond Producers Association (DPA), an international alliance of the world's leading diamond mining companies, has appointed Kristina Buckley Kayel as Managing Director of its North American division. Buckley Kayel assumes her new role on February 4, and will be responsible for developing and implementing the DPA's consumer marketing and communications strategy, wi...Read More
(IDEX Online) - The Indian Diamond Color & Colorstone Association (IDCA) Board of Directors has unanimously re-elected Nilesh Sheth of (Nice Diamonds) as President. Sujan Doshi (S. A. Diamonds, Inc.) was elected as the Vice-President; Shekhar Shah (Real Gems, Inc.) will take over as Secretary and Shiksha Naheta (Empresa Jewels) will join as the Jt. Secretary, while Rajeev Pandya (Ashi D...Read More
(IDEX Online) - Gem Diamonds has recovered a 125-carat high-quality white, Type IIa diamond from the Let??eng mine in Lesotho. The diamond, recovered on 20 December, is the fifteenth stone greater than 100 carats to be recovered in 2018, the miner said. On December 19, the firm announced the recovery of high-quality 101 carat and 71 carat white Type IIa diamonds which were found with...Read More
Zijin announced last Friday it had accepted 89.37% of the total outstanding Nevsun shares tendered under the takeover offer and will pay $1.67 billion for the tendered shares.Read More
Rhyolite Ridge PFS beats expectationsSPONSOREDioneerThe Vancouver Resource Investment Conference (VRIC), to be held on January 20-21, is shaping up to be the largest show in six years, organiser Cambridge House International CEO Jay Martin told MiningRead More
For many new investors, the numbers of investing are a mystery.They may even appear intimidating and mind numbing. The reality, however, is that they are just the opposite! Numbers are the clues for solving the mystery.Every investment has a story. Every time someone approaches you to invest money in his or her particular investment, whatever it may be, they will tell you that story.“This co...Read More
Everyone knows that the best time to get great deals is after the holiday season.Come January, the stores need to offer some incentive to get shoppers interested in pulling credit cards that were exhausted in November and December.Apparently the stock market is thinking the same thing this year because there are plenty of great deals to be had.And I’ve got my eye on one such deal that is goi...Read More
At more than 60% built, mine construction has unfolded mostly as planned at Victoria Gold's (TSXV: VIT) Eagle gold project in the Yukon, according to president and CEO John McConnell."Mother nature has been the biggest nuisance," McConnell says in a telephone interview with The Northern Miner."We had an extremely wet spring, which hampered earthworks. Then we had a very warm fall and start to wint...Read More
Exploring Firefox Gold's Mustajarvi Project in Finland. Source: Firefox Gold Corp.FireFox Gold Corp. [FFOX-TSXV] on Thursday January 3 reported new results from a 2018 field program at its 100%-owned Mustajarvi gold project in the Central Lapland Greenstone Belt in Finland.The company said sampling along two intersecting mineralized structures has identified high-grade gold. This expands the range...Read More
Yesterday we ventured a cowardly 2019 forecast, in humble recognition of our erring psychic vision.Markets would rise, we soothsaid - or fall - or end the year precisely where they began.We likewise predicted the economy would advance, retreat or jog in place.Some readers denounced our abject cowardice.Take your stand upon one hill or the other, they thundered. But take your stand:"Make a call," d...Read More
ELKO - A positive regulatory environment, plentiful resources and high enough metal prices encouraged progress in the mining industry in 2018, and Nevada participated in - if not led -Read full newsRead More
Stocks slid initially on signs of a cooling global economyIt was a volatile start to the new year, with the Dow exploring a 484-point trading range on both sides of breakeven. While signs of a weakening global economy got the bears going early on, bulls rushed in at midday as oil prices climbed. The price action eventually resolved to the upside, with attentionshifting to today's meeting between P...Read More