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 Apple supplier reported third-quarter earnings and revenue beatsThe shares of Broadcom Inc (NASDAQ:AVGO) are up 4.7% this morning at $237.85 -- putting them on track for their biggest one-day gain since Sept. 7 -- after the Apple supplier reported adjusted third-quarter earnings of $5.85 per share on $5.44 billion in revenue, more than analysts were expecting. Citing strong data center demand...Read More
LONDON - Vale, the Brazilian mining giant built on supplying the world's steel mills with iron ore, is now betting on the electric vehicle (EV) revolution to turn its nickel division around."We believe in this revolution to come," Chief Executive Fabio Schvartsman told analysts at the company's investor day presentation in New York this week.The use of nickel in lithium ion batteries will translat...Read More
Learn how to protect savings and maximize returns by investing in precious metals.The U.S. Gold Bureau would like to announce the newest edition of its guide to precious metals, perfect for anyone hoping to safeguard their investments and retirement!And today, they are giving away a free copy of their Investor's Guide to Precious Metals!Their goal is to help regular investors learn the "pro" secr...Read More
The U.S. added a lower-than-expected 155,000 jobs in NovemberThe selling looks set to continue on Wall Street, with Dow Jones Industrial Average (DJIA) futures trading below fair value this morning. However, futures have come off their earlier lows, after today's mixed jobs report showed the U.S. added 155,000 jobs in November, while wage growth edged up 0.3%. While these figures were softer than...Read More
Vanadium miner Bushveld Minerals (LON:BMN) will have to pay ?490,000, reduced from a previous fine of ?700,000, as the London Stock Exchange (LSE) determined the company breached of two of the AIM's listing rules.The violations were the result of the South African miner failing to meet its regulatory obligations in relation to its undertaking to pay an exclusivity fee to the vendors of Vametco...Read More
Vanadium miner Bushveld Minerals (LON:BMN) will have to pay ?490,000, reduced from a previous fine of ?700,000, as the London Stock Exchange (LSE) determined the company breached of two of the AIM's listing rules.The violations were the result of the South African miner failing to meet its regulatory obligations in relation to its undertaking to pay an exclusivity fee to the vendors of Vametco...Read More
Before the end of the year, Aura Resources (TSXV: AUU) decided to share its plans for the Gold Chain project, which the Ontario miner acquired last July.In a press release, the company said that as soon as 2019 kicks off, they want to start mapping and sampling the area using geophysics, geochemistry, alteration studies and advanced deposit modeling. The idea is to obtain information that will be...Read More
Before the end of the year, Aura Resources (TSXV: AUU) decided to share its plans for the Gold Chain project, which the Ontario miner acquired last July.In a press release, the company said that as soon as 2019 kicks off, they want to start mapping and sampling the area using geophysics, geochemistry, alteration studies and advanced deposit modeling. The idea is to obtain information that will be...Read More
Before the end of the year, Aura Resources (TSXV: AUU) decided to share its plans for the Gold Chain project, which the Ontario miner acquired last July.In a press release, the company said that as soon as 2019 kicks off, they want to start mapping and sampling the area using geophysics, geochemistry, alteration studies and advanced deposit modeling. The idea is to obtain information that will be...Read More
Shares in Condor Gold (LON:CNR) climbed over 10% Friday after it announced the Nicaraguan ministry of energy and mines had granted it the Las Cruces concession, which expands its La India gold project package by 45%.The 25-year exploration and exploitation concession covers an area of 142.6 km2, expanding the La India land package to 455.6 km2. Condor Gold's project now includes a total 11 adj...Read More
Shares in Condor Gold (LON:CNR) climbed over 10% Friday after it announced the Nicaraguan ministry of energy and mines had granted it the Las Cruces concession, which expands its La India gold project package by 45%.The 25-year exploration and exploitation concession covers an area of 142.6 km2, expanding the La India land package to 455.6 km2. Condor Gold's project now includes a total 11 adj...Read More
Shares in Condor Gold (LON:CNR) climbed over 10% Friday after it announced the Nicaraguan ministry of energy and mines had granted it the Las Cruces concession, which expands its La India gold project package by 45%.The 25-year exploration and exploitation concession covers an area of 142.6 km2, expanding the La India land package to 455.6 km2. Condor Gold's project now includes a total 11 adj...Read More
Our top gold news stories of 2018 show that investors continue to value insight from experts on prices and market trends.Read full newsRead More
* OPEC ends meeting with no output cuts announced* OPEC, Russia to discuss potential supply cut on Friday* GRAPHIC-OPEC, U.S. & Russia output: https://tmsnrt.rs/2E0xgTz* U.S. turns into net exporter of oil (Updates to settlement, details on Friday meeting)By Devika Krishna KumarNEW YORK, Dec 6 (Reuters) - Oil fell nearly 3 percent in choppy trading on Thursday after OPEC and its allies ended a...Read More
(Corrects first paragraph to clarify timeframe is end, not middle, of 2019)NEW DELHI, Dec 6 (Reuters) - Fitch Ratings said on Thursday it expects the Indian currency to weaken to 75 rupees against the U.S. dollar by the end of next year on a widening current account deficit and tighter global financing conditions.Despite a few recent advances, the rupee is on track for its worst yearly performance...Read More
* NSE index end down 1.7 pct, BSE index close 1.6 pct lower* Only 2 stocks on NSE index, 1 on BSE index finish in the greenDec 6 (Reuters) - Indian shares ended lower on Thursday, marking their worst closing levels in two weeks, dragged down by index heavyweights such as Reliance Industries Ltd RELI.NS and Infosys Ltd INFY.NS .The broader NSE index .NSEI closed 1.69 percent lower at 10,601.15,...Read More
* FTSE 100 ends down 3.2 percent* Huawei arrest stirs trade tension worries* Oil, mining stocks lead fallers (Adds closing prices)By Josephine Mason and Julien PonthusLONDON, Dec 6 (Reuters) - UK shares plunged on Thursday and recorded losses not seen since the aftermath of the Brexit vote as a sell-off swept global markets following the arrest of a top Huawei executive that renewed worries about...Read More
Investing.com - Gold prices were flat on Thursday after the arrest of a top executive at China-based Huawei Technologies sparked worries that it could reignite the U.S.-Sino trade dispute.Comex gold futures for February delivery inched up 0.04% to $1,243.05 a troy ounce as of 8:52 AM ET (13:52 GMT).Market sentiment was on edge after Meng Wanzhou, the chief financial officer at smartphone company H...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 1.9 pct; midcaps down 1.5 pct* Huawei arrest stirs trade tension worries* Oil, mining stocks lead fallersLONDON, Dec 6 (Reuters) - UK shares were sharply lower on Thursday, hitting their weakest levels in two years as oil and mining stocks fell and investors shunned sectors they consider risky after the arrest...Read More
Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsDealing with the complexity of Coal data with Geobank 2018SPONSOREDmicromineBut the matter is being complicated by the junior having no further claim of ownership to the PSV.A subsidiary of the...Read More