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
Russia's Alrosa (MCX:ALRS) just recovered the first large gem-quality rough diamond from its Verkhne-Munskoe deposit, which recently launched operations in Western Yakutia.In a press release, the world's top diamond producer said the transparent round-shaped octahedron crystal with insignificant yellow hue was recovered from Zapolyarnaya pipe - one of four kimberlite pipes of the deposit. The dep...Read More
Anglo American Plc is going where larger rivals fear to tread, returning to its African roots to tap mineral assets with compelling returns.The storied mining company, founded by Ernest Oppenheimer in Johannesburg a century ago, is devoting a third of its exploration budget to the continent, including searching for copper and cobalt in Angola and Zambia. In South Africa, it's investing in platinum...Read More
Anglo American Plc is going where larger rivals fear to tread, returning to its African roots to tap mineral assets with compelling returns.The storied mining company, founded by Ernest Oppenheimer in Johannesburg a century ago, is devoting a third of its exploration budget to the continent, including searching for copper and cobalt in Angola and Zambia. In South Africa, it's investing in platinum...Read More
Botswana Diamonds (LON:BOD) has signed a contract with Palaeo Minerals covering full-scale mining activity at the Thorny River project in South Africa, which the company believes will become its first operating mine.The agreement, which sees Botswana Diamonds handing over control to the contractor, will allow the company to self-fund the project from bulk sampling through to mine development, it s...Read More
Botswana Diamonds (LON:BOD) has signed a contract with Palaeo Minerals covering full-scale mining activity at the Thorny River project in South Africa, which the company believes will become its first operating mine.The agreement, which sees Botswana Diamonds handing over control to the contractor, will allow the company to self-fund the project from bulk sampling through to mine development, it s...Read More
TOKYO/GENEVA, Nov 6 (Reuters) - A World Trade Organization (WTO) dispute panel largely upheld Japan's complaint against a safeguard duty imposed by India on steel imports for two-and-a-half years, a ruling published on Tuesday showed.The ruling, which can be appealed by either side, said India had broken the WTO rules and urged India to take corrective action, even though the disputed duties ended...Read More
* Iran says it is selling oil it needs to, despite U.S. pressure* U.S. crude production seen averaging 12.06 mln bpd in 2019 -EIA* U.S. crude stocks rise by 7.8 mln barrels, topping views (Updates with API data)By Stephanie KellyNEW YORK, Nov 6 (Reuters) - Oil prices fell on Tuesday, with U.S. crude futures hitting an eight-month low, a day after Washington granted sanction waivers to top buyers o...Read More
MUMBAI, Nov 6 (Reuters) - Former Reserve Bank of India Governor Raghuram Rajan defended the central bank's call for greater autonomy from the government, saying ultimately the nation stands to benefit from an independent and robust RBI.In an interview on CNBC-TV 18 telecast on Tuesday Rajan said current rift between the central bank and the government can be resolved if both sides respect each oth...Read More
Investing.com - Gold prices moved higher on Tuesday as voting in the U.S. midterm elections got underway and traders opted for safety ahead of the outcome.At 9:13 AM ET (14:13 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange gained $4.40, or 0.36%, to $1,234.20 a troy ounce.Voters on Tuesday will decide key races in Congress and state governments,...Read More
Despite gold recovering during October 2018 to now be trading at over US$1,227 an ounce, silver remains weak, trapped at well below US$15 per ounce. This - along with the stagnant outlook for the white metal - is having a sharp impact on primary silver miners. While silver has only lost 15% since the start of 2018, miner First Majestic Silver (TSX:FR)(NYSE:AG) has dropped by over 18%, and there a...Read More
Diversification is an essential element of investing and it is just as important today as it ever was.It means ensuring that we have stocks from different sectors that are not correlated so that we can shelter our portfolios somewhat from the volatility of a given sector.It's all about risk management.It also means investing in sectors even when their outlook isn't great, as far as we can tell. Th...Read More
Canadian investors are searching for top-quality stocks that are recovering after the October pullback and could deliver attractive returns heading into next year.Let's take a look at a global market leader in the TSX Index that might be an interesting pick for your TFSA portfolio.Nutrien (TSX:NTR)(NYSE:NTR)Nutrien continues to work through the process of integrating the assets of Potash Corp. and...Read More
Exploration activities at the Pebble Project in Alaska. Source: Northern Dynasty Minerals Ltd.Northern Dynasty Minerals Ltd. [NDM-TSX; NAK-NYSE] shares rallied Wednesday November 7 after the company released a statement saying Alaska voters have elected a pro-development candidate in the U.S. mid-term elections.The inference is that the election of new Governor, Republican Mike Dunleavy, is good n...Read More
Property map of the BTU Metals Dixie Halo Project, Red Lake area, Ontario. Source: BTU Metals Corp.BTU Metals Corp. [BTU-TSXV] shares were active Wednesday November 7 after the company said it has commenced a drone survey over certain areas of the Dixie Halo Project in the Red Lake, Ontario mining district.BTU is attracting investor attention because Dixie Halo adjoins the northern and eastern bou...Read More
MUNICH - The International Precious Metals & Commodities show will take place this Friday and Saturday in Munich. The conference, which has taken place since 2005, is exclusively dedicated to investments in precious metals and commodities, expecting both institutional and retail investors.Just like the years prior, exciting programs in collaboration with national and international speakers await a...Read More
TORONTO - Shareholders of Randgold Resources Ltd. have voted in favour of a merger with Barrick Gold Corp.Randgold says just over 95 per cent votes cast were in favour of the deal, representing about 70 per cent of outstanding shares.The proposed combination, announced in September, will add gold mine properties in Mali, Senegal, Ivory Coast and the Democratic Republic of Congo to Barrick's portfo...Read More
2018-11-07 07:50 ET - News ReleaseMr. Jared Lazerson reportsMGX MINERALS ANNOUNCES MANUFACTURING OF THIRD RAPID LITHIUM EXTRACTION OIL & GAS WASTEWATER TREATMENT SYSTEMMGX Minerals Inc. and its engineering subsidiary PurLucid Treatment Solutions Inc. have provided an update on manufacturing of the third petrolithium and advanced waste water treatment system. Manufacturing of nano-filtration membra...Read More
2018-11-07 08:01 ET - News ReleaseMr. Edgar Montero reportsCHEMESIS INTERNATIONAL INC. & RAPID DOSE THERAPEUTICS SIGN AGREEMENT TO BRING QUICKSTRIP ORAL THIN STRIPS TO PUERTO RICOChemesis International Inc. and Rapid Dose Therapeutics Inc. (RDT), a Canadian biotechnology company, which provides disruptive proprietary drug delivery technologies designed to improve patient outcomes, have signed an a...Read More
Full Article: The "Black Swan" Author Just Issued a Powerful Warning About Global DebtBy: Frank HolmesThe world is more fragile today than it was in 2007. That's the opinion of former derivatives trader Nassim Taleb, whose bestseller, The Black Swan, is about how people make sense of unexpected events, especially in financial markets. True to form, he made a whole lot of money after predicting...Read More
(IDEX Online) - Lucapa Diamond Company and Bonas-Couzyn are to tender production from the Mothae mine in Lesotho in Antwerp. Mothae is located in the diamond-rich Maluti Mountains within 5km of Letseng, the world's highest US$ per carat kimberlite diamond mine. Lucapa owns 70% of the high-value Mothae kimberlite project in Lesotho in partnership with the government of Lesotho (30%)....Read More