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

British Columbia-based AJN Resources (CSE: AJN) announced today that the company has acquired additional claims at the Salt Wells lithium project, located in western Nevada, 25 kilometres southeast of Fallon.With this acquisition, the company's claims grew from 78 to 105, and now total 850 hectares. These claims cover several major northwest trending faults that were detected by a magnetotellurics...Read More

Fremont Gold (TSX.V: FRE) is in need of funds to undertake further drilling at its Gold Bar and Gold Canyon projects in Eureka County, Nevada. The Vancouver-based company intends to complete a non-brokered private placement of up to 7,200,000 units at a price of $0.14 per unit for gross proceeds of up to $1 million.In a media statement, the miner said each unit will be comprised of a common share...Read More

Fremont Gold (TSX.V: FRE) is in need of funds to undertake further drilling at its Gold Bar and Gold Canyon projects in Eureka County, Nevada. The Vancouver-based company intends to complete a non-brokered private placement of up to 7,200,000 units at a price of $0.14 per unit for gross proceeds of up to $1 million.In a media statement, the miner said each unit will be comprised of a common share...Read More

Fremont Gold (TSX.V: FRE) is in need of funds to undertake further drilling at its Gold Bar and Gold Canyon projects in Eureka County, Nevada. The Vancouver-based company intends to complete a non-brokered private placement of up to 7,200,000 units at a price of $0.14 per unit for gross proceeds of up to $1 million.In a media statement, the miner said each unit will be comprised of a common share...Read More

With the introduction of the new Cat 798 AC, Caterpillar expands its mining truck line to give customers the flexibility to choose what meets their needs and preferences. (Image supplied.)When Komatsu acquired Joy Global in 2016, the Japanese firm expanded its portfolio from surface to underground mining equipment, becoming the strongest competitor in th...Read More

With the introduction of the new Cat 798 AC, Caterpillar expands its mining truck line to give customers the flexibility to choose what meets their needs and preferences. (Image supplied.)When Komatsu acquired Joy Global in 2016, the Japanese firm expanded its portfolio from surface to underground mining equipment, becoming the strongest competitor in th...Read More

With the introduction of the new Cat 798 AC, Caterpillar expands its mining truck line to give customers the flexibility to choose what meets their needs and preferences. (Image supplied.)When Komatsu acquired Joy Global in 2016, the Japanese firm expanded its portfolio from surface to underground mining equipment, becoming the strongest competitor in th...Read More

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South Africa's Association of Mineworkers & Construction Union (AMCU) has asked the country's Competition Tribunal to veto the merger between precious metals producer Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) and struggling platinum miner Lonmin (LON:LMI) to avoid around 10,000 job losses.The union, Lonmin's biggest, said the number of Lonmin's planned job cuts at mines that will run out of comme...Read More

South Africa's Association of Mineworkers & Construction Union (AMCU) has asked the country's Competition Tribunal to veto the merger between precious metals producer Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) and struggling platinum miner Lonmin (LON:LMI) to avoid around 10,000 job losses.The union, Lonmin's biggest, said the number of Lonmin's planned job cuts at mines that will run out of comme...Read More

Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans"), will be hosting a pop-up retail location at Tsawwassen Mills, a shopping mall in Delta, BC that specializes in a mix of premium fashion brands and factory outlets.The launch of the pop-up shop is the latest addition to the Company's updated distribution model that focuses on the Company's transiti...Read More

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata"), is pleased to announce the commercial launch of the UV350 in Israel. The 4G LTE all-in-one fleet communications device will offer customers in Israel an integrated Push-to-Talk solution by Motorola Solutions.The UV350 device offers clear cellular voice calls, Push-to-Talk over Cellular ("PoC") conn...Read More

* Saudi Arabia says sees need for 1 mln bpd cut in output* Trump hopes OPEC won't cut output, says prices should be lower* OPEC producers mull supply reductions for 2019* OPEC reacts to 20 pct price fall since early October* U.S. oil output, storage & drilling: https://tmsnrt.rs/2DhQOCB (Updates with settlement prices, recasts first paragraph, adds post-settlement trading)By Jessica Resnick-Au...Read More

MUMBAI, Nov 12 (Reuters) - India's core consumer inflation was at around 6.1 percent in October, compared with around 5.8 percent in September, three analysts estimated from the inflation numbers released on Monday.India's retail inflation rate eased to 3.31 percent in October from a year earlier, government data showed, helped by a fall in food prices.Analysts polled by Reuters had forecast Octob...Read More

* July-Sept quarter loss at $178 mln versus profit year ago* Quarterly fuel expenses jump 58.6 pct* Company had negative net worth on Sept 30* To focus on profitability rather than market share (Updates with details from airline, CEO comment)By Arnab Paul and Aditi ShahBENGALURU/NEW DELHI, Nov 12 (Reuters) - Debt-laden Indian carrier Jet Airways Ltd JET.NS will cut flights on less profitable route...Read More

Nov 12 (Reuters) -For other diaries, please see:Political and General NewsPOL/DIARYTop Economic EventsM/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt AuctionsD/DIARYU.S. Federal ReserveFED/DIARYToday in WashingtonWASH/DIARY----------------------------------------------------------- This Diary is filed daily. ** Indicates new events ------------------------------------------------...Read More

(The following statement was released by the rating agency) Fitch Ratings-Singapore-November 12: Fitch Ratings has assigned a final rating of 'BBB-' to PT Indonesia Asahan Aluminium (Persero)'s (Inalum, BBB-/Stable) USD1.0 billion 5.23% notes due 2021, USD1.25 billion 5.71% notes due 2023, USD1.0 billion 6.53% notes due 2028 and USD750 million 6.757% notes due 2048. The final rating on the senior...Read More

Canadian investors are using the Tax-Free Savings Account (TFSA) to set aside funds as part of their retirement planning program.The TFSA is useful for younger investors who might prefer to sandbag their RRSP contribution room for future years when they will be in a higher tax bracket. The TFSA is also more flexible in that you can access the funds at any time without the concern of taxes being he...Read More

Aerial view of the deposit area of the Kwanika Project. Source: Serengeti Resources Inc.Serengeti Resources Inc. [SIR-TSXV; 34S-FSE] was an active trader Tuesday November 13 after the company released drilling results from the Kwanika Project in north-central British Columbia.The company said the assay results are from a 2018 drilling campaign that is part of an ongoing pre-feasibility study that...Read More

The San Jose Mine in Santa Cruz, Argentina. Source: McEwen Mining Inc.McEwen Mining Inc. [MUX-TSX, NYSE] has entered into an equity distribution deal with a group of underwriters in connection with a common share offering that could raise up to US$90 million, the company said.McEwen said the agreement, dated November 8, is with an underwriting group that includes UBS Securities, LLC, BMO Capital M...Read More