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

Consultancy firm Americas Market Intelligence or AMI issued this week a lengthy report on the risks of mining in Latin America. One of the chapters focuses on security hazards and reveals that such perils are not necessarily provoked by illegal groups.According to AMI, sometimes local community members that opposed mining operations can cause security risks by deploying roadblocks and aggressive o...Read More

Consultancy firm Americas Market Intelligence or AMI issued this week a lengthy report on the risks of mining in Latin America. One of the chapters focuses on security hazards and reveals that such perils are not necessarily provoked by illegal groups.According to AMI, sometimes local community members that opposed mining operations can cause security risks by deploying roadblocks and aggressive o...Read More

Following a series of hearings that took place in November, three independent commissioners in New Zealand have greenlighted OceanaGold's (TSX/ASX: OGC) Martha pit, which is the first stage of an anticipated 10-year mine life extension for the historic Martha Underground Mine, located in Waihi town, in the North Island's Hauraki district.The Martha project comprises two mining areas below the curr...Read More

Following a series of hearings that took place in November, three independent commissioners in New Zealand have greenlighted OceanaGold's (TSX/ASX: OGC) Martha pit, which is the first stage of an anticipated 10-year mine life extension for the historic Martha Underground Mine, located in Waihi town, in the North Island's Hauraki district.The Martha project comprises two mining areas below the curr...Read More

Following a series of hearings that took place in November, three independent commissioners in New Zealand have greenlighted OceanaGold's (TSX/ASX: OGC) Martha pit, which is the first stage of an anticipated 10-year mine life extension for the historic Martha Underground Mine, located in Waihi town, in the North Island's Hauraki district.The Martha project comprises two mining areas below the curr...Read More

Gold prices were holding firm around the $1,250 mark in early morning trading on December 13. Market watchers in the United States are eagerly awaiting the December 18-19 meeting of the U.S. Federal Reserve. Leading into the fall, a rate hike in December seemed all but certain, but violent market turbulence across the globe has thrown that supposition into question. However, markets have appeared...Read More

Share this articleYELLOWKNIFE - A Canadian mining firm says it has unearthed the largest diamond ever found in North America.Dominion Diamond Mines says the 552-carat yellow diamond was found at its Diavik mine in the Northwest Territories.It says the stone "far surpasses" the previous record-holder, known as the Diavik Foxfire, which was found at the same mine in 2015.Dominion, which owns 40 per...Read More

(IDEX Online) - Firestone Diamond plc has recovered a 46-carat white, makeable diamond from its Liqhobong mine in Lesotho.   The stone was recovered undamaged and will go on sale at the next tender which is scheduled to take place at the end of January 2019, the firm said.   The company added that pricing for smaller, lower value stones (-3 grainers) at the recent sale which was conclud...Read More

(IDEX Online) - Dominion Diamond Mines said it has recovered the largest known gem-quality diamond ever found in North America weighing 552 carats.   The yellow Canadamark?,,? diamond was unearthed in October at the Diavik Diamond Mine, located approximately 135 miles south of the Arctic Circle in Canada's Northwest Territories.   The find far surpasses the previous record held by the D...Read More

Harry Dean Proudfoot III formed a Tigard-based company to attract investors and promised to use their money to mine two gravel pits in Ohio, but instead used the money for living expenses, cars and travel, according to court records and information disclosed at his trial.Read full newsRead More

LOEI - Over a decade after alarms were raised about a gold mine firm's poisoning of a community in northeastern Thailand, a court ruled Thursday that it polluted the environment and must clean it up, according to activists.Read full newsRead More

The U.S. Attorney's Office in Oregon says Harry Dean Proudfoot III, 78, used the scheme to steal $3.2 million from 140 investors.Read full newsRead More

Scientists with the U.S. Department of Energy's Argonne National Laboratory have identified a new catalyst that uses only about a quarter as much platinum as current technology does to convert hydrogen and oxygen into water and electricity.As it is widely known, when it comes to fuel cell, platinum offers both activity and stability for electrochemical reactions. However, given the rarity and pric...Read More

The overseas market - already in a precarious position - shows yet another indication of continuing weakness into 2019.Read full newsRead More

This year has been disappointing for commodities, but some of 2018's laggards, like gold, copper, corn, and soybeans, may be 2019's leaders. In one case, a leader from 2018 could become a laggard in the new year. "With political issues such as Brexit and the ongoing trade dispute between the U.S. and China, there are now a number of new opportunities that have opened up for 2019 for investors to t...Read More

The stock market "secret" no one is talking about.The world's richest investors have been using this simple "trick" to build massive fortunes for decades.They've done everything in their power to hide the truth from individual investors. In the process they've created a totally uneven playing field... where most of the players don't even know the rules of the game.This lack of fairness is one of...Read More

Most investors would agree that 2018 will go down as a year of turmoil with markets showing mixed results across various segments. After starting off on a strong footing, the market saw not one but two considerable corrections this year that has in many cases erased most, if not all of the earnings for the year.Surprisingly, one of the companies that performed considerably well this year and has...Read More

There are financial gurus out there that teach the best way to retire rich is to pay off debt. Their lessons usually suggest that debt is bad or even evil. They preach that it is smart to pay off your debt and to stay out of debt. And to an extent they are right.There is good debt and bad debt. It is wise to pay off bad debt-or not get into it in the first place. Simply said, bad debt takes money...Read More

The conventional definition of a Bear is someone who expects stocks to decline. For those of us who are bearish on fake fixes, that definition doesn’t apply: we aren’t making guesses about future market gyrations (rip-your-face-off rallies, dizziness-inducing drops, boring melt-ups, etc.).No, we’re focused on the impossibility of reforming or fixing a broken economic system.Many...Read More

Are we in a recession already?The cheerleaders in the mainstream financial press assure us the economy is going gangbusters. But recessions are typically only visible to statisticians long after the fact. They are, however, often visible in real time on the ground.Business volume drops, people stop buying houses and vehicles, restaurants that were jammed are suddenly half-empty and so on.There are...Read More