The precious metals all soared in 2025, and while a continued monetary expansion and geopolitical risk could still drive gains especially for gold in 2026, a pullback in silver, platinum and palladium is possible after recent partly speculative surges.Read More

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

Oct 31 (Reuters) - Singapore Technologies Engineering Ltd STEG.SI :* UNIT TO DIVEST LEEBOY INDIA CONSTRUCTION EQUIPMENT PRIVATE TO POLYHOSE INDIA PRIVATE LTD FOR $1.05 MILLION Read More

Oct 31 (Reuters) - The rift between India's central bank and the government has widened and could lead to the Reserve Bank of India (RBI) governor considering resignation, CNBC TV18 reported https://twitter.com/CNBCTV18Live/status/1057445750441820160 on Wednesday, citing sources.There has been an irreversible breakdown between the RBI Governor Urjit Patel and the government, the media said, adding...Read More

Oct 31 (Reuters) - Indian shares clawed back earlier losses to end higher on Wednesday, bolstered by a rally in financial stocks after the country's government stressed that the Reserve Bank of India has autonomy, calming investors worried about a growing public rift with the central bank.The broader NSE index .NSEI ended 1.85 percent higher at 10,386.60, while the benchmark BSE index .BSESN close...Read More

* Q2 net profit 13.43 bln rupees vs 12.68 bln rupees est.* Expenses rose 11.4 pct in the qtr* Q2 rev from ops up 5.2 pct (Adds details, background)Oct 31 (Reuters) - Indian miner Vedanta Ltd VDAN.NS reported on Wednesday a 34 percent fall in second-quarter net profit, hit by lower revenue from its zinc operations, rising costs and the shutdown of a smelter in southern India.The Indian unit of dive...Read More

(Bloomberg) -- Glencore (LON:GLEN) Plc’s coal mining business will eclipse its copper unit next year and become the world’s biggest commodity trader’s most profitable operation.Despite making a lot of noise about its electric vehicle-focused mines such as nickel, copper and cobalt, Glencore has continued to buy more coal assets, adding rival Rio Tinto’s Australian opera...Read More

Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resources Hudbay has offered Mason shareholders C$0.40 in cash for each share held, valuing Mason at $31 million. Net of Mason's cash and Hudbay's current 14% ownership in the company, Masno's enterprise value is about US$15 million.Hudbay CEO Alan Hair said the acquisition of the Ann Mason project was "another step in Hudbay's consistent strate...Read More

Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resources The company reported a headline loss for the three-months period of C$8.3 million, or 4c a share, which were below average analyst forecasts that called for nil per share, on expected revenue of $72.1 million.Revenue fell 21.3% year-over-year to $60.72 million. Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resources Copper Mount...Read More

Shares of Guyana Goldfields (TSX: GUY; US-OTC: GUYFF) plunged 46% to $1.62 on news that the company has cut its 2018 production guidance and launched a review of the underlying resource model at its Aurora gold mine.The company has hired engineering firm RPA Inc. to investigate the geologic controls and grade variability of the mine's Rory's Knoll deposit. Results of the review will be released in...Read More

Sharply weak silver is weighing heavily on primary silver miners with some of the hardest hit being smaller miners. Among the worst affected is one-time market darling Great Panther Silver (TSX:GPR)(NYSE:GPL), which has seen its stock plunge by a whopping 51% since the start of 2018 compared to silver only shedding 15%. The primary silver miner's latest results have not helped assuage market conce...Read More

October has traditionally been a poor month for stocks, but it's doubtful that even the most bearish investors could have predicted this year's carnage.The TSX Composite Index has declined 8.4% from the 1st to the 30th of October. The S&P 500 has performed even worse, falling more than 9% during the same period. Both these results look pretty good against the NASDAQ 100, which is down nearly 1...Read More

From left to right, the late Paul Burkett, Roy Davis, Tom GeswicAlliance Mining Corp. [ALM-TSXV] on Thursday November 1 said recent analysis of the 2006 drill logs from its Tonopah uranium project in Nevada has revealed the presence of vanadium in both the oxidized and non-oxidized clastic sediments.Alliance Mining shares rallied on the news, rising 40% or $0.01 to 3.5 cents.Alliance said vanadium...Read More

Note: all numbers are rounded.* AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$18.50 per ounce silver andUS$1,225 per ounce gold, with average metallurgical recoveries of 86.6% silver and 98.9% gold.**UB signifies an underground core hole. BA is a surface core hole.All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC, Canada.H...Read More

MINNEAPOLIS - Minnesota regulators on Thursday granted key permits to the long-planned PolyMet copper-mining project that's opposed by environmentalists who fear it could someday foul waters, including Lake Superior.The state Department of Natural Resources issued permits to PolyMet Mining Inc. for the company's proposed NorthMet project in northeastern Minnesota. The project still needs permits f...Read More

CALGARY - Suncor Energy Inc. is reporting third-quarter operating income of $1.56 billion, an 80 per cent increase over $867 million in the same period of 2017.The earnings amount to 96 cents per share, in line with analyst expectations of 95 cents according to Thomson Reuters Eikon, but well ahead of 52 cents in the third quarter of 2017.Suncor attributes the increase to higher crude oil prices a...Read More

CALGARY - Encana Corp. has signed a deal to acquire Newfield Exploration Co. in an all-stock offer it said was worth about US$5.5 billion.Under the deal announced Thursday, Newfield shareholders will receive 2.6719 Encana shares for each share of Newfield common stock.Encana will also assume US$2.2 billion of Newfield debt."This strategic combination advances our strategy and is immediately accre...Read More

(IDEX Online News) - The IDEX polished diamond price index was down slightly in October, declining very slightly during the month.                                             &nbs...Read More

(IDEX Online) - ALROSA, the world's largest diamond mining company, will hold an auction of special size rough diamonds (over 10.8 carats) and polished diamonds it has manufactured in Ramat Gan from November 4-22.   The results of the auction will be announced on November 26.   The company will auction 127 large gem-quality rough diamonds with a total weight of 2,244 carats. More th...Read More

(IDEX Online) - Registration is now open for the eighth International Diamond Week in Israel (IDWI), to be held from January 28 - 30 at the Israel Diamond Exchange (IDE).    The event has become a staple on the global diamond calendar, and attracts hundreds of international buyers from over 20 countries every year.   IDWI is held on the large trading floor of the IDE. It will featu...Read More

(IDEX Online) - Vladimir Putin, the President of the Russian Federation, and Anton Siluanov, the First Deputy Prime Minister and the Minister of Finance, took part in the official ceremony dedicated to start of mining operations at the Verkhne-Munskoye diamond field in Yakutia.   The new diamond field will operate for at least 20 years, ensuring reliable diamond production and providing work...Read More

(IDEX Online News) - There were relatively few changes in round diamonds in October. There were increases in 0.70-0.79 carat stones in G-I, IF, of 2-3%, and in 0.80-0.89 carat diamonds; G-H, IF-VVS2, of 1-3%; as well as in 1.25-1.49 carats, E-H, IF.   Meanwhile, there were notable decreases in diamonds of 0.40-0.44 carats in D, IF-VS1, of 1-3%; in 2.00-2.99 carat stones, L, VVS1-SI1; of 2-3%,...Read More