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
* Beijing seeks ways to reduce its dependence on U.S. soybeans* India industry welcomes move but says process still lengthy* Rapeseed futures in India jump on the news(Adds detail, background)By Hallie Gu and Rajendra JadhavBEIJING/MUMBAI, Oct 22 (Reuters) - China has dropped a years-long ban on rapeseed meal imports from India as the government seeks to diversify sources of protein used in animal...Read More
* NSE index down 0.57 pct; BSE index 0.53 lower* Reliance Industries sinks 3.5 pctOct 22 (Reuters) - Indian shares fell for the third consecutive session on Monday, weighed down by index heavyweight Reliance Industries Ltd RELI.NS as macro concerns, including higher crude prices and liquidity crunch, hurt the trading sentiment.While the benchmark BSE index .BSESN closed down 0.53 percent at 34,1...Read More
* Saudi Arabia says to raise output to 11 million bpd* Sanctions against Iran oil exports to start Nov. 4 (Adds fresh comment, latest prices; changes byline, dateline, previous LONDON)By Scott DiSavinoNEW YORK, Oct 22 (Reuters) - Oil futures were little changed on Monday after paring earlier losses despite Saudi Arabia's pledge to raise crude production to a record high, two weeks before U.S. sanc...Read More
* FTSE 100 down 0.1 pct, mid-caps down 0.2 pct* NM Health jumps most in more than a year on earnings* Higher metals prices lift mining stocks* Lloyds lifted by report of big share buyback (Adds details, updates prices)LONDON, Oct 22 (Reuters) - Britain's blue-chip share index gave up earlier gains and slipped into negative territory on Monday in see-saw trade as lower oil prices pressured energy s...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 up 0.5 pct, mid-caps up 0.2 pct* NM Health jumps more than 7 pct on earnings* Higher metals prices lift mining stocksLONDON, Oct 22 (Reuters) - Britain's blue-chip share index was higher on Monday as a weaker U.S. dollar boosted commodities companies while positive results boosted NMC Health NMC.L .The FTSE 100 .FTS...Read More
Drilling at Nighthawk Gold's (TSX: NHK; US-OTC: MIMZF) Treasure Island project, about 11 km to the north of its Colomac project in the Northwest Territories, has served up significant, shallow high-grade mineralization.The company was following up on a number of shallow high-grade gold intersections it had reported in 2011, and in the process has found new near-surface discoveries including a numb...Read More
When you are looking for Canadian energy and mining stocks to buy and hold, there are a few things to keep in mind, especially if you are new to trading shares. One of the first things that you need to look for if you want to hold a stock for the mid to long term is value: some folk like to use the P/E ratio almost exclusively, though this does not always tell the whole story with a stock's valuat...Read More
Silver continues to wallow at under US$15 per an ounce, while the gold-to-silver ratio has risen to a multi-decade high triggering considerable speculation that a long-awaited rally is on the way. This has sparked calls among silverbugs for investors to bolster their exposure to the white metal.While there are signs that silver will remain stagnant for the foreseeable future, it shouldn't deter in...Read More
Back in 1998, author Harry Browne wrote Fail-Safe Investing, a book that introduced the world to a concept called a permanent portfolio. Browne argued that this powerful asset allocation model as a way for investors to participate in upside while the market goes up while protecting themselves in the event of a downturn.The permanent portfolio consists of the following: 25% of assets in growth sto...Read More
Trevali Mining's Caribou zinc mine in the Bathurst Mining Camp of New Brunswick. Source: Trevali Mining Corp.Trevali Mining Corp. [TV-TSX, TREVF-OTCQX, 4T1-Frankfurt, TV-LMA] on Tuesday said it has downgraded the production guidance for its Caribou mine in New Brunswick due to challenging rock mass conditions. However, the company said increased zinc production from its Perkoa operation in in Burk...Read More
Quartz-carbonate veining and vuggy pyrite mineralization in drill core hole ESO-06-03Aurelius Minerals Inc. [AUL-TSXV] shares rallied sharply Tuesday after the company released additional drilling results from its Mikwam Property in Ontario.Aurelius is a gold exploration company with a focus on advancing two district-scale gold projects in the Abitibi Greenstone Belt in Ontario, which ranks as one...Read More
(IDEX Online) - De Beers reported that rough diamond production for Q3 decreased 5% to 8.7 million carats due to planned volume reductions in Botswana (Debswana) and South Africa (DBCM). In Botswana, production declined 6% to 5.7 million carats due to the planned processing of lower grade material at Jwaneng. Production at Orapa remained in line with Q3 2017 at 2.6 million carats. In...Read More
(IDEX Online) - ALROSA has posted a 2% rise on the year in diamond output in the third quarter of this year, but an 11% decrease in the first nine months of 2018. The miner reported that diamond production grew by 23% on the previous quarter in Q3 to 10.5 m carats due to seasonal growth in output at alluvial deposits, an increase in ore and gravels processing, and the ramp-up of the...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesIt raised the platinum production guidance to 2.45-2.5 million ounces from the previous 2.4-2.45Moz due to strong performances across the portfolio. It also tightened the palladium guidance from...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipGalan Lithium scores coup in Argentina's 'Pilbara of lithium'SPONSOREDgalan lithiumKasbah on cusp of tin riches at world-class AchmmachSPONSOREDkasbah resourcesThe Mengapur project on the Central Belt of the Malay Peninsula now hosts an indicated resource of 39.5 mi...Read More
Look beyond market approach to project valuations: van ZylLeadershipGalan 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 operationSPONSOREDkomatsu The notes have about US$439.2 million outstanding.Lundin also announced a revamped c...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resources "Hudbay routinely engages with shareholders and carefully considers their input. To the company's knowledge, the shareholder has been invested in the company only a short time," a spokesman said in response to questions sent by Mining Journal.He was referring to dissident shareholder Waterton Global Resource Management, whose funds col...Read More
America’s debt crisis has been steadily rising over the past decade, and household debt has risen for the 16th straight quarter.The Center for Microeconomic Data reports:Household Debt Continues to Climb in the Second Quarter of 2018The CMD's latest Quarterly Report on Household Debt and Credit reveals that total household debt reached a new peak in the second quarter of 2018, rising by $82...Read More
A boom commodity two years ago as speculators rushed to take positions in a world expected to be increasingly powered by electricity stored in long-life batteries, the recent performance of lith...Read More
Mining in Manitoba is vanishing like an early morning fog. The mining industry is near collapse in the keystone province, while I continue to raise the mining crisis in the provincial legislature to no avail.The Manitoba government's policy on mining is confused, if it exists at all.Before entering politics, I worked in the mining industry as an engineer in training. My education as a geological e...Read More