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
(IDEX Online) - Graff Diamonds has unveiled more than 60 polished diamonds that were cut the 1,109 carat Lesedi La Rona stone, the largest rough diamond found in more than a century. Graff said that following more than a year of detailed analysis, cutting and polishing by its team of gemologists and master craftsmen, diamonds ranging in size from under one carat to in excess of 100 carats h...Read More
(IDEX Online) - The dates of the Oroarezzo show that promotes Made in Italy gold and jewelry is being brought forward to April 6-9, said the organizers, the Italian Exhibition Group (IEG). The show takes place at the Arezzo Fiere e Congressi and was previously due to be held in early May. IEG's decision to bring the Arezzo event forward was taken in order to better fit in with the...Read More
The shareholders of Canadian diamond miner Mountain Province have missed out on a third-quarter dividend, owing to difficult trading conditions in the lower-end segment of the diamond market.Mountain Province recently paid shareholders a maiden dividend of 4c a share, but said late on Monday that it had chosen to reduce its debt, rather than declaring another dividend this year, as it continued to...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesMarantelli, who came onto the Metals X board in September, has more than 40 years' experience in the mining sector, including the past 18 years running openpit and underground mines in Australia, Turkey, Spain, Zambia, Canada and Mexico.His job will be to get the Nifty underground mine to a run-rate of circa-40,000 tonnes per annum of co...Read More
DR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftKyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal internationalNew Energy brings experience to new dawnSPONSOREDnew energy mineralsBezant's Mankayan back in copper-gold spotlightSPONSOREDbezant resourcesThe company said the mining licence was signed by Romania's prime minister Viori...Read More
I recently told you about changes to your personal tax return that you should be aware of for the upcoming Tax Day. But there are big tax savings available if you are a business owner or real estate investor.The Tax Cuts and Jobs Act has changed the outlook for our finances and the profitability of investments. While much of the press coverage around the new rules has been on its drawbacks, there...Read More
Mineral exploration and development company Kodal Minerals has received assay results for the first two diamond drill holes completed during the wet season at the Sogola-Baoule and Boumou prospects on the company’s 450 km2 Bougouni lithium project, in southern Mali.The diamond core intersections confirm the geological model and continue to extend mineralisation.AdvertisementIntersections inc...Read More
Following the election, the press has been in search of common ground.The problem is it is looking for it in the wrong way.There is a lot of talk about infrastructure being a prime target for bipartisan compromise.I don't buy it. At least not the way it is being presented, and not the infrastructure being talked about.Here is why: Infrastructure is being discussed by both parties, and the end goal...Read More
That's the scenario outlined by ASX-listed ioneer, formerly Global Geoscience, in the much-anticipated prefeasibility study for its Rhyolite Ridge lithium-boron project in Nevada, released late last month.Potentially more impressive to a market still trying to recover its risk appetite is that the economics remain robust at levels well below those at which lithium currently trades.ioneer has ridde...Read More
RIP Stan Lee...China had an extremely exuberant session overnight with CHINEXT (China's small cap/tech index) exploding almost 3.5% higher...Read full newsRead More
Two miles below Earth's surface, scientists found animal life in a South African gold mine. They wonder: If life can exist there, could it exist on Mars?Read full newsRead More
Gold needs to trade over $1205 to prevent a crash. Silver needs to trade over $1402 to prevent a crash. Direction of the US dollar will be the key. Crude oil should rise as oil producing nations prepare for oil production cuts. It seems crude oil producing nations want the average nymex crude oil price to be over $66. Over shooting will happen whenever there is more global demand like the Chri...Read More
Gold needs to trade over $1205 to prevent a crash. Silver needs to trade over $1402 to prevent a crash. Direction of the US dollar will be the key. Crude oil should rise as oil producing nations prepare for oil production cuts. It seems crude oil producing nations want the average nymex crude oil price to be over $66. Over shooting will happen whenever there is more global demand like the Chri...Read More
According to research released yesterday, small-scale gold mining has led to the destruction of more than 170,000 acres of primary rainforest in the Peruvian Amazon over the past five years. Scientists based in Peru's Madre de Dios region at Wake Forest University's Center for Amazonian Scientific Innovation (CINCIA) say they've developed a new method for [...]Read full newsRead More
Several gas pipelines had been damaged after a fire broke out at the plant.Read full newsRead More
The US Treasury said the Iranian Central Bank has been officially cut off the SWIFT financial messaging system. The disconnection, which comes at a time when Iran's economy is reeling and its currency is tumbling as a result of restricted oil exportsRead full newsRead More
A South African gold mine that goes two miles beneath the Earth's surface holds far more than just precious metalsRead full newsRead More
A South African gold mine that goes two miles beneath the Earth's surface holds far more than just precious metalsRead full newsRead More
A Trump tweet sent oil prices to an 11th straight lossThe Dow sunk over 600 points today, and the tech-rich Nasdaq also gave up triple digits, as Apple (AAPL) stock plummeted after another iPhone supplier warning. In addition, fellow blue chip Goldman Sachs (GS) suffered steep losses, pacing a broader bank decline. Oil prices were also in the headlines today, erasing early gains after President Do...Read More
RNC Minerals Corporation (TSX: RNX) today reported production at the Beta Hunt Mine in western Australia. Beta Hunt produced 13,497 mined gold ounces for the month of October 2018 at an average grade of 9.06 g/t.Year-to-date October 31, 2018 mined gold ounces was 71,957, an increase of 60% versus the prior year period, including 25,355 ounces thus far from the Father's Day Vein and a total of 30,1...Read More