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
In the latest blow for Germany's establishment parties, today's Hesse election saw the worst result for the ruling CDU in 50 years, while the Centre-left SPD suffered its worst result on record.Read full newsRead More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
Is a "Blue Wave" building?Something strange is happening in America.Millions of Americans are furious - and this time, they're taking their anger out on Republicans.All across America, 45 Republicans have lost elections during Trump's presidency in places they shouldn't have possibly been able to lose... even in districts where Trump won in a landslide and remains popular.In the last few months al...Read More
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Colorado-based Newmont Mining Corp reported lower third-quarter profit and reven...Read full newsRead More
Local authorities close down school in Kokoyah Reports emanating from the gold-rich area of Sayeweh Town in Kokoyah Statutory District in Bong County, say 19 students at the Sayeweh Town Public School are allegedly suffering from chemical waste infection reportedly dumped near the school by MNG-Gold. Administrators of the government-run elementary school, which is located...Read full newsRead More
Separately, the Company has agreed to grant Mineros an option to acquire up to a 51% interest in the La Pepa project, located in the Maricunga gold belt, Chile, over an earn in period of four years (subject to extension for certain unexpected contingencies), and then the remaining 49% interest pursuantRead full newsRead More
The president of Zimbabwe Miners Federation, Henrietta Rushwaya, announced that villagers living around the Marange diamond fields in the eastern Manicaland province will be allocated claims to extract gems as part of government plans to empower the communities through mining.During a meeting with members of the regional miners association, Rushwaya said her office approached state-owned Zimbabwe...Read More
The president of Zimbabwe Miners Federation, Henrietta Rushwaya, announced that villagers living around the Marange diamond fields in the eastern Manicaland province will be allocated claims to extract gems as part of government plans to empower the communities through mining.During a meeting with members of the regional miners association, Rushwaya said her office approached state-owned Zimbabwe...Read More
The president of Zimbabwe Miners Federation, Henrietta Rushwaya, announced that villagers living around the Marange diamond fields in the eastern Manicaland province will be allocated claims to extract gems as part of government plans to empower the communities through mining.During a meeting with members of the regional miners association, Rushwaya said her office approached state-owned Zimbabwe...Read More
The president of Zimbabwe Miners Federation, Henrietta Rushwaya, announced that villagers living around the Marange diamond fields in the eastern Manicaland province will be allocated claims to extract gems as part of government plans to empower the communities through mining.During a meeting with members of the regional miners association, Rushwaya said her office approached state-owned Zimbabwe...Read More
In recent days, mid-tier gold and copper miner Aura Minerals (TSX:ORA) decided to suspend operations at its San Andr?(C)s mine in Honduras due to what the miner calls 'an illegal occupation of the mine' that has been intensifying since July 13, 2018.Through its subsidiary in the Central American country, Minerales de Occidente S.A or Minosa, Aura management informed workers that the gold mine woul...Read More
In recent days, mid-tier gold and copper miner Aura Minerals (TSX:ORA) decided to suspend operations at its San Andr?(C)s mine in Honduras due to what the miner calls 'an illegal occupation of the mine' that has been intensifying since July 13, 2018.Through its subsidiary in the Central American country, Minerales de Occidente S.A or Minosa, Aura management informed workers that the gold mine woul...Read More
In recent days, mid-tier gold and copper miner Aura Minerals (TSX:ORA) decided to suspend operations at its San Andr?(C)s mine in Honduras due to what the miner calls 'an illegal occupation of the mine' that has been intensifying since July 13, 2018.Through its subsidiary in the Central American country, Minerales de Occidente S.A or Minosa, Aura management informed workers that the gold mine woul...Read More
Want to be rich? The answer is education, education, education. But probably not the kind you're thinking of. That's according to personal finance author Robert Kiyosaki, who wrote the best-selling "Rich Dad Poor Dad" 20 years ago this month. He visited MarketWatch on Tuesday to talk about what has changed since its publication in 1997, plus his new book coming out in May, "Why the Rich Are Gettin...Read More
Chinese electric carmaker Byton may launch an initial public offering to fund growth, Carsten Breitfeld, its chief executive and co-founder, told Germany's Automobilwoche."With the capital-intensive nature of business and our expansion, the topic of listing on the stock market will become relevant," Breitfeld told the publication.Before this, Byton will seek another round of fundraising from priva...Read More
Bank of Nova Scotia (Scotiabank) has hired four people for its metals business in New York after losing six traders and salesmen who defected to rival Canadian lender Bank of Montreal (BMO) last month, sources said.The move signals that Scotia, whose Mocatta metals arm has for years been the world's biggest lender to the physical precious metals industry, is committed to the business despite a res...Read More
Bank of Nova Scotia (Scotiabank) has hired four people for its metals business in New York after losing six traders and salesmen who defected to rival Canadian lender Bank of Montreal (BMO) last month, sources said.The move signals that Scotia, whose Mocatta metals arm has for years been the world's biggest lender to the physical precious metals industry, is committed to the business despite a res...Read More
It is widely known that precious metals have several properties but dealing with Halloweenie bugs is a new one.Turns out that silver is being used now to destroy a brain-eating amoeba called Naegleria fowleri.In a paper published in ACS Chemical Neuroscience, researchers from Malaysia's Sunway University explain how they developed silver nanoparticles coated with anti-seizure drugs that can kill t...Read More
It is widely known that precious metals have several properties but dealing with Halloweenie bugs is a new one.Turns out that silver is being used now to destroy a brain-eating amoeba called Naegleria fowleri.In a paper published in ACS Chemical Neuroscience, researchers from Malaysia's Sunway University explain how they developed silver nanoparticles coated with anti-seizure drugs that can kill t...Read More