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
MOSCOW - The Russian government could buy up to 50,000 tonnes of aluminium for the state reserve, a government decree showed on Wednesday, in a move that would support sanctioned Russian aluminium producer Rusal.The decree, dated Nov. 26, allocated up to 10 billion roubles ($149 million) for the plan and is the initiative of Russian tycoon Oleg Deripaska, a government source told Reuters.Deripaska...Read More
Shares in Condor Gold (LON:CNR) jumped Wednesday after the miner announced it had extended known targets and discovered new high-grade vein systems at its La India project in Nicaragua.The company said it was working to prove a 5-million-ounce gold district, adding it had already applied to the Ministry of Energy and Mines for two adjacent concessions that will expand the La India land package f...Read More
Shares in Condor Gold (LON:CNR) jumped Wednesday after the miner announced it had extended known targets and discovered new high-grade vein systems at its La India project in Nicaragua.The company said it was working to prove a 5-million-ounce gold district, adding it had already applied to the Ministry of Energy and Mines for two adjacent concessions that will expand the La India land package f...Read More
Shares in Condor Gold (LON:CNR) jumped Wednesday after the miner announced it had extended known targets and discovered new high-grade vein systems at its La India project in Nicaragua.The company said it was working to prove a 5-million-ounce gold district, adding it had already applied to the Ministry of Energy and Mines for two adjacent concessions that will expand the La India land package f...Read More
M2 Cobalt (TSXV: MC) has announced it is moving forward with the development of its Bujagali mine is south-central Uganda.In a media statement, the Vancouver-based junior said it commenced drilling at its Bombo and Bombo NW targets. The campaign is expected to comprise at least 1,000 metres of diamond core drilling and is designed to test a number of targets across a broad area in what is now beli...Read More
M2 Cobalt (TSXV: MC) has announced it is moving forward with the development of its Bujagali mine is south-central Uganda.In a media statement, the Vancouver-based junior said it commenced drilling at its Bombo and Bombo NW targets. The campaign is expected to comprise at least 1,000 metres of diamond core drilling and is designed to test a number of targets across a broad area in what is now beli...Read More
The Spence copper mine was operating normally again following the union strike announced on Wednesday, the company said.On Monday, unionized workers at BHP's Spence copper mine in Chile downed tools over layoffs, halting operations at the mine until today.The move followed the dismissal of 49 workers and eight supervisors, union president Ronald Salcedo told local radio B?-o B?-o, which made the r...Read More
Tanzania's Acacia Mining (LON: ACA) has ended an earn-in agreement with Canada's Sarama Resources (CVE: SWA) over the South Hound?(C) gold project in Burkina Faso to focus on core projects.Acacia and Sarama had originally agreed to a deal which could have seen the Tanzanian miner earn up to a 70% stake in South Hound?(C) after funding $14 million in exploration costs over a four-year period.Acaci...Read More
Tanzania's Acacia Mining (LON: ACA) has ended an earn-in agreement with Canada's Sarama Resources (CVE: SWA) over the South Hound?(C) gold project in Burkina Faso to focus on core projects.Acacia and Sarama had originally agreed to a deal which could have seen the Tanzanian miner earn up to a 70% stake in South Hound?(C) after funding $14 million in exploration costs over a four-year period.Acaci...Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans"), is pleased to announce that the Company will be collaborating with a local non-profit charity organization, Mamas for Mamas this holiday season. For every winter coat sold from November 27, 2018 - December 11, 2018, Peekaboo Beans will be donating a coat to the charity, providing relief to local m...Read More
Investing.com - Gold prices dropped on Tuesday in Asia while the dollar also slid. Traders will take cues from Federal Reserve Chairman Jerome Powell’s speech on Wednesday to see which direction the precious metal will go.Gold futures for February delivery on the?EUR?Comex?EUR?division of the New York Mercantile?EUR?Exchange traded 0.05% lower at?EUR?$1,228.2?EUR?a troy ounce by?EUR?10:29 PM...Read More
* Saudi Arabia expected to push for OPEC supply cut* Sino-U.S. trade war to dominate G20 gathering* U.S. crude oil stocks rose 3.5 mln bbls last week -API (Adds API data)By Stephanie KellyNEW YORK, Nov 27 (Reuters) - Oil prices dipped on Tuesday, weighed down by uncertainty over the U.S.-China trade war and signs of increased global crude production, but losses were limited by expectations that cr...Read More
* NSE index up 0.54 pct, BSE 0.45 pct higher* F&O expiry on ThursdayNov 27 (Reuters) - Indian shares ended higher for a second consecutive session on Tuesday, mirroring the previous session's move of a surge in the last two hours, ahead of the expiry of futures and options contracts later this week.The benchmark BSE index .BSESN closed up 0.45 percent at 35,513.14.The broader NSE index .NSEI e...Read More
(New throughout, updates prices, market activity and comments)* Dollar rises to nearly two-week high* Silver, platinum fall to lowest in nearly two weeks* GRAPHIC-2018 asset returns: http://tmsnrt.rs/2jvdmXlBy Swati VermaNov 27 (Reuters) - Gold fell on Tuesday to its lowest in more than a week, as the dollar rallied after comments from U.S. Federal Reserve Vice Chair Richard Clarida bolstered expe...Read More
* Dow, S&P end up with Nasdaq flat* United Tech decline weighs on Dow* Materials weak; defensives outperformNov 27 - Welcome to the home for real-time coverage of U.S. equity markets brought to you by Reuters stocks reporters and anchored today by Chuck Mikolajczak. Reach him on Messenger to share your thoughts on market moves: charles.mikolajczak.thomsonreuters.com@reuters.netDOW, S&P CLO...Read More
* Dow, S&P up with Nasdaq flat as Apple pares losses* United Tech decline weighs on Dow* Materials weak; defensives outperformNov 27 - Welcome to the home for real-time coverage of U.S. equity markets brought to you by Reuters stocks reporters and anchored today by Chuck Mikolajczak. Reach him on Messenger to share your thoughts on market moves: charles.mikolajczak.thomsonreuters.com@reuters.n...Read More
* Indexes marginally higher; Apple pares losses* United Tech decline weighs on Dow* Materials, industrials weak; defensives outperformNov 27 - Welcome to the home for real-time coverage of U.S. equity markets brought to you by Reuters stocks reporters and anchored today by Chuck Mikolajczak. Reach him on Messenger to share your thoughts on market moves: charles.mikolajczak.thomsonreuters.com@reute...Read More
* Car makers lead losers* STOXX retreats from one-week high, down 0.2 pct* Thomas Cook (NS:THOM) tanks after another profit warning (Adds quotes, context)By Danilo Masoni and Julien PonthusMILAN, Nov 27 (Reuters) - European shares fell on Tuesday after a new threat by Washington to impose more tariffs on Chinese products and fears the trade war could spread to Europe after a report in Germany of p...Read More
MILAN, Nov 27 (Reuters) - European shares fell in morning deals on Tuesday as the focus turned to possible developments in the Sino-U.S. trade dispute after a fresh threat from Washington to impose tariffs on more Chinese imports, while Thomas Cook (NS:THOM) tanked on a profit warning.The pan-European STOXX 600 .STOXX benchmark was down 0.3 percent by 0822 GMT, pulling back from the one-week high...Read More
(Updates with company news and futures)Nov 27 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 9 points lower at 7,027 points on Tuesday, according to financial bookmakers, with FTSE 100 futures FFIc1 roughly flat ahead of the market open.* OIL: Oil slipped on Tuesday, pulled down by record Saudi Arabian production even as OPEC's top producer pushes for supply cuts ahead of the group's m...Read More