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
Lyle Stein, senior portfolio manager and managing director at Vestcap Investment Management, recommends that investors look at the mining and energy sectors for buying opportunities. He says small players in those groups may not survive the downturn that's underway, but larger names like Suncor and Teck Resources will be fine and are currently on sale.Read full newsRead More
The unique geology of Yukon's White Gold district is driving junior and major gold companies to the region.Read full newsRead More
Barrick Gold and NovaGold Resources, owners of the large Donlin Gold project in western Alaska, are still about two years away from a decision to build the big mine.Read full newsRead More
An old gold mine could be reopened as a new study suggests there's gold in them thar hills!Read full newsRead More
Apple's drop has pushed it back below Microsoft's market cap for the first time since May 2010... losing its spot as the most valuable US company.Read full newsRead More
Farewell Chevy Volt, we hardly knew ye. General Motors Co.'s award-winning plug-in hybrid electric vehicle (PHEV), launched in 2010 as the company was emerging from bankruptcy, is one of the models being ditched as part of sweeping cutbacks GM announced Monday.As one of the relatively few plug-in car options available in the U.S., and a symbol of GM's shift toward new technologies, the Volt's impe...Read More
NxGold Ltd. (TSXV:NXN) is pleased to provide an update on its exploration program at the Mt. Roe Project located in the Pilbara region of Western Australia.Read full newsRead More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
Oil enjoyed its best day in months, rallying alongside the equities marketThe Dow enjoyed a big rebound today, trading broadly higher as it gained over 300 points. The win comes as FAANG stock Amazon (AMZN) rocketed higher amid upbeat headlines about Cyber Monday sales figures, which are poised to set a record of around $7.8 billion, per industry estimates. A General Motors (GM) rally also pushed...Read More
Which metal stands to gain most from the coming electric vehicle and energy stor...Read full newsRead More
Which metal stands to gain most from the coming electric vehicle and energy stor...Read full newsRead More
Clashes between tourism and mining are not rare in Peru, a country peppered with historic and touristic sites that's also the world's second-largest producer of copper, zinc and silver. But in the case of Rainbow Mountain, those in favor of conservation appear to have won out.Late Friday, the Peruvian government blocked all mining exploration licenses on Rainbow Mountain, a rising South American t...Read More
Clashes between tourism and mining are not rare in Peru, a country peppered with historic and touristic sites that's also the world's second-largest producer of copper, zinc and silver. But in the case of Rainbow Mountain, those in favor of conservation appear to have won out.Late Friday, the Peruvian government blocked all mining exploration licenses on Rainbow Mountain, a rising South American t...Read More
Venezuela made an partial payment of a settlement designed to resolve a $1.2 billion arbitration award to a bankrupt Canadian gold miner that's laying claim to the assets of the parent of refiner Citgo Holding Inc. if it's not paid in full.Crystallex International Corp. received $425 million in November, and will suspend all enforcement efforts until at least early next year, according to Canadian...Read More
Venezuela made an partial payment of a settlement designed to resolve a $1.2 billion arbitration award to a bankrupt Canadian gold miner that's laying claim to the assets of the parent of refiner Citgo Holding Inc. if it's not paid in full.Crystallex International Corp. received $425 million in November, and will suspend all enforcement efforts until at least early next year, according to Canadian...Read More
The brokerage firm also started the chip stock with an "outperform" ratingThe U.S. stock market is soaring on Cyber Monday, with the Dow up 275 points at last check. Among individual names making notable moves today are casino Wynn Resorts, Limited (NASDAQ:WYNN), chip designer Nvidia Corporation (NASDAQ:NVDA), and gene therapy specialist Rocket Pharmaceuticals Inc (NASDAQ:RCKT). Here's a quick loo...Read More
Gold prices gave up earlier gains to settle slightly lower on Monday, with strength in global stock markets dulling investment demand for the precious metal. European stocks got a boost Monday on hopes that the Italian government may be able to find some common ground with the European Union over its budget. U.S. stocks also climbed following the worst Thanksgiving-week performance in seven years...Read More
ONTARIO - The skyline of Kirkland Lake changed recently when the 65-metre-tall concrete headframe for Kirkland Lake Gold's new Macassa No.4 shaft was slip formed in just 10 days.Another significant event in the No.4 shaft construction occurred when the team of Cementation, Tesc, Anmar, Northern Equipment, Niiwin GP, Shaba Testing, Peter Bull, MDB Mining, the Ontario Provincial Police, and Kirkland...Read More
ONTARIO - The skyline of Kirkland Lake changed recently when the 65-metre-tall concrete headframe for Kirkland Lake Gold's new Macassa No.4 shaft was slip formed in just 10 days.Another significant event in the No.4 shaft construction occurred when the team of Cementation, Tesc, Anmar, Northern Equipment, Niiwin GP, Shaba Testing, Peter Bull, MDB Mining, the Ontario Provincial Police, and Kirkland...Read More
ONTARIO - The skyline of Kirkland Lake changed recently when the 65-metre-tall concrete headframe for Kirkland Lake Gold's new Macassa No.4 shaft was slip formed in just 10 days.Another significant event in the No.4 shaft construction occurred when the team of Cementation, Tesc, Anmar, Northern Equipment, Niiwin GP, Shaba Testing, Peter Bull, MDB Mining, the Ontario Provincial Police, and Kirkland...Read More