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
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans"), is pleased to announce that the Company has achieved $219,120 in revenue from Black Friday 2018, a 246% increase over the same holiday in 2017.This major increase in revenue is largely due to the Company's recent shift in focus towards omnichannel retailing. The new revenue model unveiled earlier...Read More
Researchers from the University of Queensland have invented a new super-quick test for cancer containing gold...and it's likely to be cheaper than other similar tests.Read full newsRead More
Researchers from the University of Queensland have invented a new super-quick test for cancer containing gold...and it's likely to be cheaper than other similar tests.Read full newsRead More
Investing.com - Gold prices slipped on Wednesday in Asia as the dollar rebounded following a plunge on Wall Street overnight.Gold futures for February delivery on the?EUR?Comex?EUR?division of the New York Mercantile?EUR?Exchange traded 0.5% lower at?EUR?$1,240.20?EUR?a troy ounce by?EUR?1:24 AM ET (05:24 GMT).?EUR?The U.S. dollar index that tracks the greenback against a basket of other currencie...Read More
* OPEC, Russia moving closer to agreeing oil cuts for 2019* Russia's Lukoil says ready to cut oil output if necessary* Saudi crude output hits record 11.3 mln bpd in November (Adds settlement prices, commentary)By Stephanie KellyNEW YORK, Dec 5 (Reuters) - Oil prices dipped on Wednesday ahead of a meeting of the world's biggest exporters, who will discuss cutting output to help shore up prices and...Read More
* Repo rate held at 6.50 percent* RBI retains "calibrated tightening" stance* Cutting minimum bond holding ratio to spur bank lending* Bond yields fall as RBI lowers inflation projection (Adds further comments from government statement)By Swati Bhat and Suvashree ChoudhuryMUMBAI, Dec 5 (Reuters) - India's central bank kept interest rates unchanged on Wednesday, in a decision that was wid...Read More
MUMBAI, Dec 5 (Reuters) - The Reserve Bank of India would be ready to take policy action if upside risks to inflation do not materialise, Governor Urjit Patel said on Wednesday after the central bank announced it was holding interest rates steady for now. the assessment that growth will likely remain healthy for the rest of the year, the MPC (monetary policy committee) retained its stance at calib...Read More
Cobalt 27 Capital Corp. (TSXV: KBLT; OTCQX: CBLLF; FRA: 270) is ramping up its exposure to the electric vehicle (EV) revolution with substantial cobalt stream acquisitions to complement its portfolio of battery metal royalties and inventory of physical cobalt.This year Cobalt 27 acquired from Vale, the world's first pure cobalt stream for US$300 million on Vale's Voisey's Bay mine located in Labra...Read More
Growing uncertainty over the outlook for global growth has weighed on commodity prices and miners during recent months. Much of this has been triggered by fears of a trade war between the world's two largest economies, the U.S. and China. As base metal prices have softened, so too has the price of Canada's fifth largest miner Teck Resources Ltd. (TSX:TECK.B)(NYSE:TECK), which is down by 15% for t...Read More
Wall Street futures are pointing to a lower start today but precious metals are on the rise.Gold was around US$1,240 an ounce on the spot market earlier, about $5/oz higher than this time yesterday, but overtaken by palladium which was close to $1,245/oz.Base metal futures were lower in Asian trade this afternoon except lead, which was unchanged at the time of writing.Metals and mining stocks were...Read More
It was worth over US$1,246 an ounce on the spot market at the time of writing, while gold was around $1,240/oz.Palladium had briefly touched a fresh high of $1,261.72/oz yesterday."People are grasping for whatever ounces of material they can get," BMO Capital Markets head of base and precious metals Tai Wong told Bloomberg yesterday."It's very expensive to borrow, and that is perhaps the biggest f...Read More
Trench sampling at Evrim's Cuale Project in Jalisco, Mexico. Source: Evrim Resources Corp.Evrim Resources Corp. [EVM-TSXV] shares fell sharply in active trading Thursday December 6 after the company released initial drill results from its 100%-owned Cuale high sulphidation epithermal gold project in Jalisco, Mexico.The company said it has received assay results from four of the first five drill ho...Read More
The Moss gold-silver mine in western Arizona. Source: Northern Vertex Mining Corp.Northern Vertex Mining Corp. [NEE-TSXV; NHVCF-OTC] said Thursday December 6 that it has signed a definitive US$20 million silver streaming agreement with Maverix Metals Inc. [X-TSXV; MACIF-OTC] and has arranged a concurrent fully financed private placement that will generate US$8 million for the company.Greenstone Re...Read More
JP Ross PropertyWhite Gold Corp. (TSX.V: WGO, OTC - Nasdaq Intl: WHGOF, FRA: 29W) (the “Company) is pleased to announce additional Reverse Circulation ("RC") drill results and trenching results from the Vertigo target on the JP Ross property, Yukon, Canada. These results included a significant extension of the discovery Reverse-Air-Blast ("RAB") drill hole which extended the mineralization a...Read More
Osisko Pine Point Mining Camp. Source: Osisko Metals Inc.Osisko Metals Incorporated (the "Company" or "Osisko Metals") [TSX-V: OM; FRANKFURT: OB51] is pleased to announce an updated Inferred Mineral Resource Estimate ("MRE") for its 100% owned Pine Point project, located near Hay River, in the Northwest Territories of Canada. The MRE was prepared by BBA Inc. and incorporates an open pit mining sce...Read More
(IDEX Online) - A ring made by Bulgari and set with fancy vivid blue diamond weighing 8.08 carats was sold for $18,312,500 at Christie's New York Magnificent Jewels auction. The auction generated sales of $69,225,750, with 95% of items sold by value and 83% by lot. Christie's said the blue diamond was among the finest such stones ever to have come to market. Sale highlights also incl...Read More
(IDEX Online) - Zimbabwe is to allow two additional private firms to explore and mine for diamonds, according to Mines Minister Winston Chitando. He did not name the new companies. There are currently two firms operating in the sector. Chitando said the government's new diamond policy would allow for two more private companies to explore and mine diamonds, and that a...Read More
(IDEX Online) - 'Conservation', the first video in the Diamond Empowerment Fund (D.E.F)'s new Real Stories, Real Diamonds, Real Impact campaign targeting Millennials, has garnered 11 million impressions in the first month alone, the organization said. The one-minute video, which appears on both the Diamonds Do Good website and on YouTube, garnered 7 million views of at least 30 seconds, an...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe company filed a miscellaneous licence application on November 22 for the road, which stretches several hundred kilometres inland to its exploration licence.The application includes ...Read More
When I was a young boy in elementary school, my rich dad was already putting ideas in my head about the differences between the rich, the poor, and the middle class.My rich dad would say, "If you want job security, follow your dad's advice" - my real father - "if you want to be rich, you need to follow my advice."Rich dad then went on to show me the difference between his investment plan and my da...Read More