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
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
(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