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
A study by the University of Alberta revealed that cobalt deposits in the Democratic Republic of Congo are 150 million years younger than previously thought.Using a new rhenium-osmium dating system to examine the 'blue gold' deposits in the African country, researchers Nicolas Saintilan and Robert Creaser demonstrated that cobalt and copper mineralization occurred during a period of mountain buil...Read More
A study by the University of Alberta revealed that cobalt deposits in the Democratic Republic of Congo are 150 million years younger than previously thought.Using a new rhenium-osmium dating system to examine the 'blue gold' deposits in the African country, researchers Nicolas Saintilan and Robert Creaser demonstrated that cobalt and copper mineralization occurred during a period of mountain buil...Read More
A senator that belongs to the leftist National Regeneration Movement (MORENA) hosted a press conference to announce he is going to lobby his colleagues so that they reject a new bill that proposes changes to Mexico's mining code.The bill was tabled by Senator Armando Guadiana's own party earlier in the week and it includes tax hikes, environmental and indigenous community protections and the possi...Read More
A senator that belongs to the leftist National Regeneration Movement (MORENA) hosted a press conference to announce he is going to lobby his colleagues so that they reject a new bill that proposes changes to Mexico's mining code.The bill was tabled by Senator Armando Guadiana's own party earlier in the week and it includes tax hikes, environmental and indigenous community protections and the possi...Read More
A report by Fitch Solutions states that the period 2018-2022 is seeing a growth in gold production because slightly higher prices and stronger company financials are encouraging greater mine investment."We forecast global gold production to increase from 104moz in 2018 to 115moz by 2022, averaging 2.6% annual growth," the document reads."We expect gold prices to continue to head higher, averaging...Read More
A report by Fitch Solutions states that the period 2018-2022 is seeing a growth in gold production because slightly higher prices and stronger company financials are encouraging greater mine investment."We forecast global gold production to increase from 104moz in 2018 to 115moz by 2022, averaging 2.6% annual growth," the document reads."We expect gold prices to continue to head higher, averaging...Read More
A report by Fitch Solutions states that the period 2018-2022 is seeing a growth in gold production because slightly higher prices and stronger company financials are encouraging greater mine investment."We forecast global gold production to increase from 104moz in 2018 to 115moz by 2022, averaging 2.6% annual growth," the document reads."We expect gold prices to continue to head higher, averaging...Read More
Nov 24 (Reuters) -For other diaries, please see:Top Economic EventsM/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt AuctionsD/DIARYPolitical and General NewsPOL/DIARYU.S. Federal ReserveFED/DIARYToday in WashingtonWASH/DIARY ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events -----------------------------------------------...Read More
MUMBAI, Nov 24 (Reuters) - India does not need money from the central bank in the next six months, the finance minister said in a TV interview telecast on Friday, rejecting opposition charges the government was seeking access to the bank's reserves to fund schemes ahead of the 2019 general election."I don't need money in the next six months," Finance Minister Arun Jaitley told Times Now...Read More
MUMBAI, Nov 24 (Reuters) - Auction house Sotheby's BID.N has sent its top India executive on a leave of absence pending a probe into anonymous allegations of sexual misconduct.Gaurav Bhatia, the managing director of Sotheby's India, has agreed to take leave of absence as a formal inquiry is underway into anonymous allegations on social media, Sotheby's said in a statement, just days ahead of its f...Read More
Investors buy commodity stocks because they're volatile. Investors aim to buy low and sell high. This can't be truer for small-cap, growth-focused mining stocks, such as GoldMining (TSX:GOLD).In the past five years, GoldMining has traded as low as about $0.40 per share and as high as $3 per share. So, investors could have gotten a seven-bagger! However, it's impossible to catch the bottom and sell...Read More
Share this articleCALGARY - Canadian oil and gas companies finding little love in the stock market are repurchasing their neglected shares, driving a rise in share buybacks that's already reached a record high this year.Using scarce dollars to buy your own stock instead of investing to grow the business may seem wasteful to some, but observers say it makes sense if you have money in your wallet...Read More
(IDEX Online) - Botswana has put together a negotiating team for talks with De Beers about the sides' next sales agreement which is set to replace the current agreement which runs out in 2020. Botswana wants to significantly increase its share of independently marketed and sold rough to 30% from the current 15% that was agreed in 2011, according to an industry source. Botswana a...Read More
Sabina Gold & Silver's (TSX: SBB) Back River project is already expected to produce an average of 198,000 ounces of gold a year over an initial mine life of twelve years at all-in sustaining costs of US$620 per oz. gold. However, those numbers were released in a September 2015 feasibility study, and the company has continued to make significant new discoveries on its 54,000-hectare property in Nun...Read More
From explorers to producers, resource companies operating in Canada are realizing the importance of First Nations engagement to building strong, mutually beneficial partnerships.Read full newsRead More
Medgold Resources (TSXV: MED; US-OTC: MGLDF) is wrapping up a nearly 5,000-metre exploration program at its Tlamino gold-silver-lead-zinc project in southern Serbia that partner Fortuna Silver Mines (TSX: FVI; NYSE: FSM) is funding.Fortuna extended the 2,400-metre program based on early results, including 13.4 metres from 42 metres downhole grading 5.06 grams gold, 109 grams silver, 1.44% lead and...Read More
Medgold Resources (TSXV: MED; US-OTC: MGLDF) is wrapping up a nearly 5,000-metre exploration program at its Tlamino gold-silver-lead-zinc project in southern Serbia that partner Fortuna Silver Mines (TSX: FVI; NYSE: FSM) is funding.Fortuna extended the 2,400-metre program based on early results, including 13.4 metres from 42 metres downhole grading 5.06 grams gold, 109 grams silver, 1.44% lead and...Read More
Medgold Resources (TSXV: MED; US-OTC: MGLDF) is wrapping up a nearly 5,000-metre exploration program at its Tlamino gold-silver-lead-zinc project in southern Serbia that partner Fortuna Silver Mines (TSX: FVI; NYSE: FSM) is funding.Fortuna extended the 2,400-metre program based on early results, including 13.4 metres from 42 metres downhole grading 5.06 grams gold, 109 grams silver, 1.44% lead and...Read More
Mexico's move to legalize medical and recreational marijuana could create a market "at least three times larger" than Colombia's, according to industry executives and analysts, who do not expect the proposed law to see significantRead full newsRead More
Sudan signed an agreement with a state-owned Turkish company on Thursday allowin...Read full newsRead More