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
(Adds parliament approves four new ministers proposed by Rouhani)DUBAI, Oct 27 (Reuters) - Iran's parliament approved a government economic reshuffle on Saturday, days before new U.S. sanctions on Tehran's oil exports take effect, after President Hassan Rouhani said Washington was isolated among its allies in its confrontation with Iran."It does not happen often that the U.S. makes a decision...Read More
* Undermining independence "potentially catastrophic" -Acharya* He says more efforts needed towards effective RBI independence* Blocking rule-based policies dilutes RBI independence, he says* Comments come after govt efforts to trim RBI regulatory powers (Adds comments from government source, former RBI Official, also changes dateline to Saturday, and recasts headline and top)By Suvashre...Read More
* ADNOC fills up tanks with Das crude -India officials* ADNOC can resell part of oil to Indian refiners -India official* India in talks with Saudi Aramco, ADNOC to fill up Padur SPR (Adds ADNOC comment in paragraph 8)By Florence TanSINGAPORE, Oct 26 (Reuters) - The Abu Dhabi National Oil Company (ADNOC) is expected to fill up storage tanks that it has contracted from the Indian government in the f...Read More
Shares in B.C.-based metals and mining company Teck Resources (TSX:TECK.B)(NYSE:TECK) fell more than 18% as of Friday following a disappointing third-quarter earnings report.Earnings missed analyst expectations by more than 13%, or $0.13 per share, on the back of weaker realized prices for its commodities.Management attributed the underperformance to lower prices for all of its key products, incl...Read More
The Thinking North event last week held in Toronto was another success. It was the sixth time I was the keynote speaker.About 150 investors attended and 10 companies presented. The topic was Trend Investing. The link to the summary of my talk is below:http://www.stockhouse.com/opinion/independent-reports/2018/10/25/trend-investingRead More
(IDEX Online) - The World Diamond Council (WDC) held its 14th Annual General Meeting (AGM) in Mumbai, reaching consensus on critical areas of reform for both the Kimberley Process and the WDC System of Warranties (SoW). Resolutions for further improvement of a responsible supply chain and enhanced self-regulation exercise within the WDC System of Warranties (SoW) Guidelines were passed, th...Read More
(IDEX Online) - Sales of fine jewelry and fine watches rose by 8.9 percent in the U.S. market in August, when compared to the same month a year ago. Overall sales in August, the last month for which figures are available, were an estimated $6.1 billion, according to preliminary data from the U.S. Commerce Department. Outlook US labor markets are tight and that's...Read More
Peytech president and CEO Peyman Moeini addresses delegates and answers questions at the 2018 Progressive Mine Forum in Toronto, presented by The Northern Miner and Canadian Mining Journal.Read More
One stock in particular could soar 1,000% in the coming months.Despite what some may believe, it's not actually hard to recognize a market top. It doesn't involve any math... analyzing charts... or anything like that. It's dead simple.When everyone at a party seems to have a story about making an overnight fortune in stocks... get out.When strangers on the street are talking about the latest "ca...Read More
Barrick Gold Corp could have nine of the world's top gold mines in a relati...Read full newsRead More
Barrick Gold Corp could have nine of the world's top gold mines in a relati...Read full newsRead More
(Corrects typographical error in headline)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
Barrick Gold Corp could have nine of the world's top gold mines in a relati...Read full newsRead More
Barrick Gold Corp could have nine of the world's top gold mines in a relati...Read full newsRead More
* Global trade shows signs of slowdown, growth outlook dims* Iraq to halt Kirkuk exports to Iran, may resume to Turkey* Saudi Arabia says oil market could see oversupply* U.S. drillers add oil rigs for 3rd week -Baker Hughes (Adds CFTC data in paragraph 10)By Stephanie KellyNEW YORK, Oct 26 (Reuters) - Oil prices rose on Friday, supported by expectations that sanctions on Iran would tighten global...Read More
* NSE, BSE indexes finish at 7-month low* Indexes end week in red* Banks, IT dragOct 26 (Reuters) - Indian shares closed at a seven-month low on Friday, dragged by IT and banking stocks, in line with a worldwide sell-off amid worries over global trade and economic growth.The broader NSE index .NSEI ended 0.94 percent lower at 10,030, while the benchmark BSE index .BSESN closed down 1.01 percent at...Read More
* Airline determined to defend market share - executive* Indigo to increase capacity by 30 percent this financial year* Rivals like Jet Airways in weaker position - analystsBy Aditi Shah and Jamie FreedNEW DELHI, Oct 26 (Reuters) - India's largest domestic airline, IndiGo, will add 30 percent capacity this financial year to maintain dominance of the world's fastest growing aviation market, althoug...Read More
Investing.com - Gold prices edged higher on Friday as disappointing U.S. earnings hit Asian and European equities, sparking flight to the safe haven asset, while markets looked ahead to the latest reading of growth in the world’s largest economy.At 3:26 AM ET (7:26 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange gained $7.70, or 0.63%, to $1...Read More