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
Shares in Mexico-focused precious metals miner Fresnillo (LON:FRES) took a hit Wednesday after the company cut its silver production target for 2018 for a second time and posted lower-than-expected output in the third quarter, due mainly to weak ore grades at two of its mines.The company, which is the world's largest primary silver producer and Mexico's second largest gold miner, revised silver ou...Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans"), is pleased to report on the success of the updated loyalty programs implemented by the Company earlier this month. In addition to these programs, Peekaboo Beans has noted a significant increase in influencer activity on Instagram and Facebook.Following the launch of these programs, the Company rec...Read More
Investing.com - Gold prices inched up on Tuesday morning in Asia as Asian stock markets fell amidst escalating geopolitical tensions over the killing of journalist Jamal Khashoggi and concerns over Italy’s budget. Gold Futures for December delivery rose 0.16% to $1,226.7 per troy ounce by 11:15PM ET (03:15 GMT) on the COMEX metals division of the New York Mercantile Exchange. Gold prices wer...Read More
* Wall St tumbles as weak industrial forecasts add to sour mood* Saudis could pump 1-2 million bpd more than today - Falih* Rising U.S. oil output to offset Iran: https://tmsnrt.rs/2ECCJ4T* U.S. crude oil stocks rise 9.9 mln bbls -API (Adds API data, price reaction)By Devika Krishna KumarNEW YORK, Oct 23 (Reuters) - Oil prices plunged about 5 percent on Tuesday to two-month lows as a sell-off in g...Read More
* NSE index down 0.96 pct, BSE index ends 0.84 pct* Asian Paints closes over 5 pct downOct 23 (Reuters) - Indian shares ended lower on Tuesday, sinking further in the last hour of trade, as oil marketing companies dragged following a rating downgrade by brokerage Nomura, but macro concerns played on overall sentiment.The benchmark BSE index .BSESN closed down 0.84 percent at 33,847.23, its lowes...Read More
NEW DELHI, Oct 23 (Reuters) - India's top digital payments company Paytm said on Tuesday its consumer data was safe after police arrested three people, including the company's spokeswoman, over allegations they tried to blackmail its founder and extort nearly $3 million by threatening to leak personal data."This is a case of personal data theft of Vijay Shekhar Sharma, where three arrests were mad...Read More
(Adds company news items and futures.) Britain's FTSE 100 .FTSE index is seen opening 40 points lower on Tuesday, according to financial bookmakers, with FTSE 100 futures .FFIc1 down 1.01 percent ahead of the cash market open.* ST JAMES: British wealth manager St. James's Place SJP.L on Tuesday posted a 4.1 percent rise in quarterly funds under management, shrugging off market jitters to take in f...Read More
After the tragic late-September 2018 attack at Continental Gold's (TSX:CNL) Berlin project in northwestern Colombia, where three employees were murdered, its stock was pummeled by the market to see it down by 32% for the year to date. Even gold's recent rally, which saw it climb to over US$1,220 an ounce, has failed to breathe life into the junior gold miner's share. While the incident has justifi...Read More
An example of the bonanza-grade gold at the Beta Hunt Mine in Australia. Source: RNC Minerals.RNC Minerals Corp. [RNX-TSX] on Wednesday said gold production at its Beta Hunt gold mine in Australia reached record levels in the third quarter of 2018.The company said production of 31,360 mine gold ounces in the quarter marked a 199% increase compared to the third quarter of 2017. That brought product...Read More
TORONTO - Canada's main stock index posted a triple-digit decline, led lower by the materials and financial sectors, while the loonie traded higher in the wake of an interest rate hike by the Bank of Canada.The S&P/TSX composite index was down 203.32 points at 15,081.85 in morning trading.In New York, the Dow Jones industrial average was down 123.52 points at 25,067.91. The S&P 500 index was down...Read More
Full Article: Buckle Up For A Golden RideBy: Stewart ThomsonOct 23, 2018Is gold bullion, the "Queen of Assets", breaking out to the upside from a beautiful pennant formation?For the likely answer to that interesting and potentially enriching question, please click here now. Double-click to enlarge this daily gold chart.Full Article: Buckle Up For A Golden RideBy: Stewart ThomsonDisclaimer (C) 2...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesThe production guidance was narrowed to 705,000-725,000 tonnes from the previous 705-740,000t, while the net cash cost guidance was maintained at US$1.35 per pound as unit costs improved on high...Read More
Can you borrow money to buy stock? From a bank, no. But there are alternate ways to obtain funds for investing in stocks.You may hear from time to time that banks do not loan money for stock trading. That may be, but it doesn't mean you can't borrow money to invest in the stock market.Once you get enough experience and education, your friends and family may want you to invest their money to help t...Read More
Ever wish you got a “do-over” when it comes to your investment decisions?I know a lot of people who remember the financial crisis and wish to god they could go back in time. Because if you invested in the market at the end of the 2008 crisis - and held through the 10-year bull market that followed - your returns would be tremendous!Unfortunately, you can’t go back in time and inv...Read More
Galan Lithium scores coup in Argentina's 'Pilbara of lithium'SPONSOREDgalan lithiumKasbah on cusp of tin riches at world-class AchmmachSPONSOREDkasbah resourcesOne simple solution to optimize your underground operationSPONSOREDkomatsuWhite Rock sets cracking Alaska pace in first field seasonSPONSOREDwhite rock mineralsTime was, when people were prepared to listen. It wasn't that l...Read More
Addressing the topic of innovation in mining and mineral exploration was the order of the day at The Northern Miner's second annual Progressive Mine Forum (PMF) held at the MaRS Discovery District in downtown Toronto in mid-October.The first panel discussion, moderated by Northern Miner staff writer Richard Quarisa, focused on "Clean Mining" - looking at how far we've come over the past few decade...Read More
Attendees of The Northern Miner's Progressive Mine Forum held at the MaRS Discovery District in downtown Toronto in mid-October had the opportunity to hear the views of three sharp-minded keynote speakers on the topic of innovation. After accepting his commemorative Welsh mining lamp as The Northern Miner's Mining Person of the Year for 2017, Sean Boyd, vice-chairman and CEO of Agnico Eagle Mines...Read More
One metal is defying the general gloom of the mining markets.Its price is up more than 800% in the past two years and is now near an all-time record high.All-time is a long time for this metal. It has roots in the BC era as the material that allowed Damascus swords to be so strong and flexible.In the modern era, it was one of the ingredients that allowed Henry Ford's "Model T" to be such an early...Read More
Having rebounded modestly back off a $65 handle intraday after OPEC/Saudi production comments, all eyes are now on API tonight which printed a huge 9.88mm barrel inventory build (biggest since Feb 2017) sending WTI back to a $65 handle.Read full newsRead More
The world's top diamond producer by value attributed the decline to planned volume reductions in Botswana and South Africa.Read full newsRead More