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
Visa stock is on track for its worst quarter since 2010The shares of Visa Inc (NYSE:V) are down 1.5% in electronic trading, after the company inked a $250.6 million deal to buy Earthport, a British payments firm that specializes in international transactions. This comes as Visa stock has languished during the broad market sell-off this quarter. V scored a record high of $151.56 back on Oct. 1, b...Read More
Continental Gold Inc.'s (TSX:CNL) latest sell-off is overdone, and the miner will soar once production commences at its Buritica project.Read full newsRead More
In early December, I'd discussed bullish signs for gold heading into 2019. One of those was the hint at a potential pause in rate hikes for the United States Federal Reserve next year as well as for the Bank of Canada. The U.S. Fed moved forward on a December rate hike, but this only exacerbated the global stock market sell-off that has slid into its worst period since the financial crisis.Global...Read More
The last few years since the Fukushima nuclear disaster in Japan has been a grueling experience for uranium miner Cameco Corp. (TSX:CCO)(NYSE:CCJ). Weaker uranium prices and a poor outlook for nuclear power generation has weighed heavily on its performance. A recent uptick in the spot uranium price, which sees the radioactive metal up by 30% since the end of 2017, and an improving outlook have bo...Read More
Gold has rallied sharply in recent weeks to see the yellow metal trading at over US$1,275 per ounce, and there are signs that firmer prices are here to stay. Growing market volatility, rising geopolitical risk, and fears of an economic downturn going into 2019 have all helped to push the yellow metal higher. Not even a stronger U.S. dollar nor higher interest rates, which are typically bad for the...Read More
Investors are starting to warm up to the yellow metal again, and that is bringing new interest in the Canadian mining stocks.Let's take a look at the current situation to see if this might be a good time to put one of the beaten-down gold miners in your portfolio.Golden opportunityGold has moved steadily higher since hitting a 2018 low near US$1,170 in August. The $100-per-ounce advance takes it a...Read More
Investigating the Goodfish-Kirana Project near Kirkland Lake, Ontario. Source: Warrior Gold Inc.Warrior Gold Inc. [WAR-TSXV] shares were active Thursday December 27 after the company received positive results from the 3D induced polarisation survey on the recently acquired Deloye Patents located on the Goodfish-Kirana Project near Kirkland Lake, Ontario.The shares advanced on the news, rising 16.6...Read More
Drill core from REN drill programMGX Minerals Inc. [XMG-CSE, MGXMF-OTCQB, 1MG-FSE] on Thursday December 27 released an update for its REN niobium-tantalum-titanium-REE (rare earth element) mineral property which is located in the northern Monashee Mountains of southeastern British Columbia.The company said a 14-hole, 1,249-metre drill program was completed at REN covering an area of approximately...Read More
Share this articleTORONTO - Canada's main stock index closed up sharply following a two-day holiday, while U.S. markets rebounded from a steep drop in early trading to end higher after strong gains a day earlier.The S&P/TSX composite index closed up 385.02 points, or 2.79 per cent, at 14,165.21 following the Christmas and Boxing Day holidays.In New York, the Dow Jones industrial average closed...Read More
(IDEX Online) - Holiday sales increased 5.1% to more than $850 billion this year - the strongest growth in the last six years with a robust shopping season from before Thanksgiving through Christmas, according to Mastercard SpendingPulse. Online shopping also saw large gains of 19.1% compared to 2017. "From shopping aisles to online carts, consumer confidence translated into holiday...Read More
(IDEX Online) - Antwerp Belgian sightholder Pluczenik said he is appealing to the UK Supreme Court regarding a dispute between the firm and veteran diamantaire Willie Nagel who is based in the UK. The England and Wales Court of Appeal recently ruled in favor of Nagel, saying the firm must pay $3.3 million to its former broker W Nagel Ltd. after the court agreed with a ruling of a lower cour...Read More
(IDEX Online) - Two organizers of important watch industry tradeshows - the Salon International de la Haute Horlogerie (SIHH) and Baselworld - have agreed to coordinate their dates from 2020 to 2024. The SIHH will be staged from April 26 to 29 in Geneva in 2020, with Baselworld taking place from April 30 to May 5. Next year, SIHH will be held from January 14 to 17, while Baselworld w...Read More
We are a little over one year since President Donald Trump signed the Tax Cuts and Jobs Act (TCJA), and since then, real estate investors have been rushing to make sense of it all. In what represents the most sweeping U.S. tax reform since the Tax Reform Act of 1986, many of the changes are set to have a significant impact on businesses and individuals alike.The new 20% deduction that's available...Read More
It's been a year of growth and exclusive interviews for The Northern Miner Podcast as we passed several milestones: celebrating our 100th episode in mid-year; growing to 5,000 to 8,000 listens per month with listeners from around the world; approaching 150,000 total listens since inception; bringing on board new sponsors; and relocating the podcast to our Toronto studio with a new set of hosts.The...Read More
Gold had been outperforming as investors looked for safe assets.Read full newsRead More
Gold had been outperforming as investors looked for safe assets.Read full newsRead More
From the air one can observe the destruction wrought by an open-pit mining project in Cerro Petaquilla and on the ground people talk about its environmental consequences. A security checkpoint and a sign announce that you have reached one of the entrances of the project in the area of ?EURRead More
Continental Gold Inc.'s (TSX:CNL) latest sell-off is overdone, and the miner will soar once production commences at its Buritica project.Read full newsRead More
Gold rose to six-month highs on Wednesday as investors kept purchasing the preci...Read full newsRead More
Gold rose to six-month highs on Wednesday as investors kept purchasing the preci...Read full newsRead More