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
Miners must prepare their workforce today, to meet the demands of tomorrow's digital age, or risk future growth and innovation.Gaston Carrion, talent and organisation lead for Accenture's resources practice in Australia and New Zealand, told IMARC 2018 delegates that as the use of autonomous vehicles and other advanced technologies increases, the profile of the future mining workforce could change...Read More
While average realised prices have been strong for the most recent fiscal year, BHP's Chief Commercial Officer, Arnoud Balhuizen has warned to not get too caught up with the numbers alone."Prices have generally benefited disciplined owner-operators with high quality assets, particularly those producing bulk commodities such as iron ore and coal."We cannot get too caught up by prices through, we mu...Read More
Familiar trade-war concerns killed an early rally for stocksIt was a volatile, ugly session on Wall Street today, with the Dow up more than 352 points at its session highs before pivotingsharply lower late in the day. Driving the sudden U-turn was a Bloomberg report that the U.S. was planning on imposing tariffs on all remaining Chinese imports -- about $257 billion worth of goods -- should upcomi...Read More
The British bank initiated coverage on Goldcorp, Kinross Gold, Newmont Mining and Yamana GoldRead full newsRead More
One investor guru thinks this may be the next big play to make in gold.The world's wealthiest investors always grab the headlines...Especially with a track record that's off the charts, producing explosive gains like this:$1.29 to $23.86, where $10,000 grew to over $184,000!Or how about his record-breaking score last month, 9 cents Canadian to C$1.18 in about 2 weeks, turning $10,000 into over $1...Read More
Mining companies must forge new ties with partners from customers to governments...Read full newsRead More
It's the only blue chip on the list of the best SPX stocks in NovemberThe U.S. equities market is set to end October at a substantial loss, with the Dow down 7.7% month-to-date, and the S&P 500 off 9.2%, at last check. History suggests a turnaround could be coming, considering November marks the start of the most bullish six-month period for stocks. Among specific names bulls may want to watch nex...Read More
NEW BRUNSWICK - Montreal-based Osisko Metals has intersected multiple high grade zinc-lead-copper zones in step-out drilling at the Main zone of its Key Anacon project about 20 km south of the town of Bathurst.Drill hole KAMZ-18-10, a step-out drill hole 30 metres below the Main zone deposit, intersected 8.30 metres grading 10.47% zinc, 3.47% lead, 0.03% copper, and 92.0 g/t silver.Step-out hole...Read More
NEW BRUNSWICK - Montreal-based Osisko Metals has intersected multiple high grade zinc-lead-copper zones in step-out drilling at the Main zone of its Key Anacon project about 20 km south of the town of Bathurst.Drill hole KAMZ-18-10, a step-out drill hole 30 metres below the Main zone deposit, intersected 8.30 metres grading 10.47% zinc, 3.47% lead, 0.03% copper, and 92.0 g/t silver.Step-out hole...Read More
NEW BRUNSWICK - Montreal-based Osisko Metals has intersected multiple high grade zinc-lead-copper zones in step-out drilling at the Main zone of its Key Anacon project about 20 km south of the town of Bathurst.Drill hole KAMZ-18-10, a step-out drill hole 30 metres below the Main zone deposit, intersected 8.30 metres grading 10.47% zinc, 3.47% lead, 0.03% copper, and 92.0 g/t silver.Step-out hole...Read More
PHOENIX (AP) - An Arizona prospector realizes he's lucky to be alive after surviving nearly three days at the bottom of an old abandoned gold mine shaft in the ArizonaRead full newsRead More
Arizona prospector John Waddell realizes he's lucky to be alive after surviving a days-long ordeal at the bottom of an old abandoned mine shaft in the desertRead full newsRead More
ELKO, Nev. (AP) - A Utah miner died after a roof collapsed at a Nevada gold mine.The Elko Daily Free Press reports Small Mine Development says Jason Holman, of Goshen, Utah, was killed Thursday at Jerritt Canyon Gold's Lee Smith Mine.Small Mine Development General Manager Keith Jones says Holman wasRead full newsRead More
The speculator placed a very well-timed bet late FridayRed Hat Inc (NYSE:RHT) stock has skyrocketed today, after IBM Corp (IBM) announced plans to purchase the software concern for about $34 billion. At last check, RHT stock was up 44.9% to trade at $169.04 -- and one recent options trader made a killing with a well-timed call purchase last week.In the last half-hour of Friday's session, a block o...Read More
YUKON - When the words "Rackla" and "Carlin style" deposit are mentioned, we often think of gold. Not this time. Say "North Rackla" and think of very good base metal grades. That's what Cantex Mine Development has been finding in this massive sulphide zone.Cantex has received results from nine holes drilled this summer. Four holes tested mineralization at the Discovery zone. The best hole was prob...Read More
YUKON - When the words "Rackla" and "Carlin style" deposit are mentioned, we often think of gold. Not this time. Say "North Rackla" and think of very good base metal grades. That's what Cantex Mine Development has been finding in this massive sulphide zone.Cantex has received results from nine holes drilled this summer. Four holes tested mineralization at the Discovery zone. The best hole was prob...Read More
Unless the markets regain their footing soon, the pressure for the Federal Reserve to reassess monetary policy will mount, according to Deutsche Bank.Read full newsRead More
Meanwhile, Proofpoint shares are bouncing back from Friday's lowsThe Dow has erased its earlier lead on reports the U.S. is considering more tariffs on China. Three names in particular to watch today are cybersecurity specialist Proofpoint Inc (NASDAQ:PFPT), casino technology concern Scientific Games Corp (NASDAQ:SGMS), and electric auto manufacturer Electra Meccanica Vehicles Corp (NASDAQ:SOLO)....Read More
SPX's historical volatility has skyrocketed in OctoberIt's been a rocky month for the stock market, to say the least. The S&P 500 Index (SPX) briefly flirted with correction territory last week, and is on pace for its worst month since May 2010. What's more, over the past 20 sessions, SPX's 20-day historical volatility (HV) skyrocketed more than 300% -- from 5.48 on Sept. 28 to 22.41 on Friday, Oc...Read More
Metallis Resources Inc (TSXV:MTS) (theRead full newsRead More