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
Investing.com - In the week ahead, oil traders will pay close attention to comments from global crude producers to gauge their readiness on cutting output, after prices suffered their sixth weekly loss in a row.Global oil prices have lost roughly a quarter of their value since early October in what has become one of the biggest declines since a price collapse in 2014, with surging supply and the s...Read More
Investing.com - This week precious metals traders will be watching developments around global trade tensions and geopolitical risks, as well as moves in the U.S. dollar, after gold prices ended higher on Friday, notching up a weekly gain of more than 1%.Safe haven demand for the yellow metal was underpinned following the recent selloff in equity markets, a steep fall in oil pieces and mounting unc...Read More
* Asian stock markets : https://tmsnrt.rs/2zpUAr4* Nikkei up 0.4 pct early, US stock futures slip* Confused by mixed signals on Sino-US trade outlook* Dollar subdued as Fed talks about global risks* Oil prices recoup some losses on chance of output cutBy Wayne ColeSYDNEY, Nov 19 (Reuters) - Asian shares inched cautiously higher on Monday amid conflicting signals on the chance of a truce in the Sin...Read More
Nearly two months ago, Barrick Gold (TSX:ABX)(NYSE:ABX) announced it was acquiring Randgold Resources in a massive deal to become the largest gold company on the planet, with a diversified portfolio of mines that straddles the globe, which includes owning half of the top 10 producing mines on the planet.In the period since then, Barrick provided a less-than-stellar quarterly update and floated di...Read More
RNC Minerals (TSX:RNX), formerly known as Royal Nickel has been mired in relative obscurity. That is until, the company made a significant gold find. Fool contributor Neha Chamaria published a good breakdown on what the find means for the company.To recap briefly, the company found a major gold deposit at its Beta Hunt mine in Western Australia. Ironically, it was also a mine that the company had...Read More
Gold pour at the Aurora Mine in Guyana, South America. Source: Guyana Goldfields Inc.Guyana Goldfields Inc. [GUY-TSX; OTC-GUYFF] has been asked to cease all activity related to underground development at its Aurora Mine in Guyana, South America.A Guyanese newspaper reported over the weekend that the request came from the country's Environmental Protection Agency (EPA), according to a report by Sco...Read More
Rob McLeod, President and CEO of IDM Mining, shows off the 10 g/t gold mineralization underground at the Red Mountain Mine.Aben Resources Ltd. [ABN-TSXV; ABNAF-OTC; E2L-FSE] reported drill results from the Forrest Kerr Project. Results continue to reveal near-surface high-grade gold mineralization at the Boundary Zone and demonstrate potential for new discoveries.For step-out drilling at the North...Read More
2018 has been a most… interesting year for me. In life, I believe there are 3 main aspects that we all seek to maximize in order to be happy: Wealth, Health, Relationships.Wealth.This first key component hasn’t really gone as expected for me this year… It’s only with the benefit of hindsight when we can reflect back and kind of figure out just exactly what went right/wrong...Read More
Kirsten Marcia is the founder of DEEP and its President and CEO.As noted on the DEEP Earth Energy Production Corp. (DEEP) website, geothermal energy is the only renewable power that is independent of wind and sunshine and produces continuous power made available by an energy producer (baseload). This green energy source provides zero carbon-based fuel consumption and leaves a small environmental f...Read More
Share this articleVANCOUVER - Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) reports further results from the recently completed drill program at the Forrest Kerr Project. Drilling has extended the mineralized envelope surrounding the 2017 and 2018 high-grade gold discoveries at North Boundary. This round of focused drilling tested for the depth and lateral extension of know...Read More
(IDEX Online) - Greenland Ruby, Greenland's only miner of ruby and pink sapphire, has announced that Hartmann's Jewellery, a Danish luxury brand, is introducing a collection of jewels using Greenlandic rubies and pink sapphires. The Hartmann collection features more than 50 pieces of Greenlandic ruby and pink sapphire jewelry using a total of approximately 300 carats of rubies and pink sap...Read More
DR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftMahenge 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 mineralsHowever the miner is facing an export duty of US$4.3 million and $129.8 million in penalties proposed by th...Read More
Look beyond market approach to project valuations: van ZylLeadershipDR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumDr Leon Pretorius' TopTung is banking on the Lac Kelly, Midrim and LaForce projects it will acquire from Me...Read More
At the end of The Rich Dad Radio Show there's a segment called "Ask Robert." Listeners submit their various investing questions and I'll answer them."Am I diversified?" is a question that I get more than I'd like. Not because it's a dumb question, but it's because the person asking has been told at some point or another-probably a financial planner-that their "portfolio should be diversified." And...Read More
The official line from Beijing is that China is managing quite nicely, thanks for asking, now go away. The unofficial line is that pips are starting to squeak with reports that coal imports have been frozen because they risk breaching a government-ordered ceiling, while multiple investment-bank reports from analysts in China and at commodity conferences express concern about the country's eco...Read More
PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company has generated a further $4.2-million in sales revenue following the sale of 3 411 ct from its Lulo alluvial mine, in Angola.The company told shareholders that the parcel of diamonds achieved an average price per carat of $1 220, bringing the total year-to-date sales of Lulo diamonds to $24.5-million at an average price per carat...Read More
Are we verging on another "Bear Stearns" moment?That is, is the canary in the coal mine of the next crisis ready to keel over?Today we don our mining gear… descend into the dark, doomy shaft... and report worrisome findings.First we throw a penetrating beam of light down another deep black hole - today's stock market.The Dow Jones plunged another 400 points today. The S&P fell 45, while...Read More
Spoiler alert: I'm not quitting resource stocks, but that is the sentiment shared by many in the resource space.With a few exceptions, it has been a historically tough year for speculators in the junior resource space.Throw in a crypto bubble, a cannabis bubble (with a real underlying mega-trend), and all-time highs in the major U.S. indices, and you can forgive speculators for not being willing t...Read More
Daniel JamesRecorded live from the mezzanine of the Intercontinental Hotel in Sofia, Bulgaria, this bonus mini-podcast features an interview with Medgold Resources president Dan James as he discusses Serbia's mining potential with Northern Miner editor-in-chief John Cumming. RELATED LINKS:Medgold hunts for gold in Serbia with Fortuna SilverNevsun agrees to $1.86B Zijin takeover bidRead More
This episode concludes our two-part feature interview with Rob McEwen, chairman and chief owner of McEwen Mining, in conversation with Northern Miner publisher Anthony Vaccaro, recorded live on the sidelines of the Silver & Gold Summit in San Francisco in late October 2018.Rob and Anthony continue their freewheeling conversation, touching on topics including: innovation in the mining industry; Pet...Read More