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

As the end of October approaches, I’m noticing tombstones popping up in a number of my neighbor’s yards.Of course, my kids are getting excited about Halloween and binging on as much sugar as possible over the next few weeks. But while the fake tombstones in my neighborhood have my kids excited about candy, I’m seeing a number of Wall Street tombstones popping up in my daily resea...Read More

One simple solution to optimize your underground operationSPONSOREDkomatsuKin reshaping path towards developmentSPONSOREDkin mining nlKasbah on cusp of tin riches at world-class AchmmachSPONSOREDkasbah resourcesNew thinking carves out strong zinc position for Europa MetalsSPONSOREDeuropa metalsThough no official government statement has been issued, Reuters has cited anonymous bureaucrats within t...Read More

Amarillo Gold (TSXV: AGC; US-OTC: AGCBF) recently tabled an updated prefeasibility study (PFS) for the Posse gold deposit on its 100%-owned Mara Rosa gold project in the state of Goias in Brazil. The study raises the project's after-tax net present value (NPV) and after-tax internal rate of return (IRR) while lowering its initial capital expenditure.The former 2017 PFS outlined a US$223 million af...Read More

Aim-listed Vast Resources, together with Botswana Diamonds (BOD), have received an independent competent person’s preliminary geological assessment relating to the Heritage concession within the Marange diamond fields of Zimbabwe, in which specific exploration recommendations were made.As announced on October 4, BOD has entered an agreement with Vast under which BOD will be engaged in d...Read More

Yesterday came the big bounce…The Dow Jones roared back to life with a 548-point spree - its grandest performance since March.The S&P jumped 59 happy points. The Nasdaq had itself a day at the races, up 214 points - percentagewise, better even than the Dow.Gold was down. So was volatility... and the 10-year Treasury yield.So we wonder…What gusting updrafts barreled through the cany...Read More

Orbit Garant Drilling (TSX: OGD), one of Canada's largest drilling companies, took advantage of the last downturn to make a strategic move into Chile, and now hopes to repeat that success in West Africa.In December 2015, the Val-d'Or based company bought Captagua Ingenieria, a Chilean drilling company based in Santiago. Since then Orbit Garant has grown its revenue base in the South American count...Read More

I'm not going to do the most obvious thing to do when markets get rattled.I'm not going to claim to know why, though I have my own strong opinions. You've heard from plenty of talking heads doing this, no doubt.Both those who claim to know what triggered the sell-off and those pointing out that all of the things being cited as the cause have been with us for months, if not years, are a dime a doze...Read More

The day is finally here.Recreational weed goes legal in Canada today.I'm actually in British Columbia for this historic occasion, doing some diligence on the industry.What's emerged is a small group of lead dogs in the space. You know the names: Canopy, Aurora, Aphria, and Tilray.But they are lead dogs only in the sense that they were some of the first companies to be awarded a coveted "LP" - maki...Read More

Awww how cute! *zap*Read full newsRead More

500 Dow points - what else is there (forget the 2000 point drop last week!!)Before we get started on how bullish the US equity rebound must be... consider this - today is the biggest short-squeeze day since Nov 2016's post-Trump election rebound...Read full newsRead More

Gold needs to trade over the $1225-$1230 zone to rise. Silver needs to break and trade over $14.90 to start another wave of rise. Copper and industrial metals will be very volatile. Crude oil will be very volatile. Brexit woes and political issues within the Eurozone have resulted in a firm US dollar. The Euro and cable have fallen slightly. Investor sentiment towards the euro and cable is shaky...Read More

Gold needs to trade over the $1225-$1230 zone to rise. Silver needs to break and trade over $14.90 to start another wave of rise. Copper and industrial metals will be very volatile. Crude oil will be very volatile. Brexit woes and political issues within the Eurozone have resulted in a firm US dollar. The Euro and cable have fallen slightly. Investor sentiment towards the euro and cable is shaky...Read More

These Top 10 lowest cost gold mines are all below all-in-sustaining costs (AISC's) $550/oz level and will prove profitable - even if the price falls 50%.Mining Intelligence looked at costs at primary gold mines and found 10 operations that would still make money, even if gold halves in value from today's levels. AISC metrics has been taken as a basis of comparison and ranking.Since the World Gold...Read More

The world's biggest miner BHP said on Wednesday its first quarter iron ore production rose 8% on a year earlier as it ramps up output to meet persistent strong demand in China.BHP's iron ore output rose to 69 million tonnes during the three months ended Sept. 30, compared with 64 million tonnes a year ago. That came in line with UBS's estimate of 68.8 million tonnes.The Anglo-Australian miner main...Read More

The Nasdaq outperformed alongside a bounce in techU.S. stocks closed significantly higher in today's trading, with bullish sentiment stoked by impressive corporate earnings. Specifically, a strong post-report rally from UnitedHealth (UNH) helped send the Dow more than 567 points higher at its intraday peak, while traders also cheered results from big-cap names like Goldman Sachs (GS) and Johnson &...Read More

RIO DE JANEIRO, Oct 16 - Samarco, a joint mining venture between Brazil's Vale and BHP Billiton, could resume production at a third of its capacity at the beginning of 2020, Vale's chief executive said on Tuesday.Samarco halted operations in late 2015 after one of its dams collapsed, killing 19 people and causing one of Brazil's worst ever environmental disasters. The incident happened when the da...Read More

I chimed in on the capriciousness of copper in the late spring (Mercenary Musing, May 28, 2018).Since then, copper prices hit a 3.5 year high at $3.29/lb in early June but then lagged over the summer months. Weakness continues unabated with Friday's close at $2.86 equating to a 13% loss from its ephemeral high in June:Strong demand from China includes an all-time record for concentrate imports in...Read More

I chimed in on the capriciousness of copper in the late spring (Mercenary Musing, May 28, 2018).Since then, copper prices hit a 3.5 year high at $3.29/lb in early June but then lagged over the summer months. Weakness continues unabated with Friday's close at $2.86 equating to a 13% loss from its ephemeral high in June:Strong demand from China includes an all-time record for concentrate imports in...Read More

The cloud stock was off as much as 14% earlierThe shares of Twilio Inc (NYSE:TWLO) are sinking today, after the cloud developer said it is buying mass emailing specialist SendGrid (SEND) in an all-stock deal valued at roughly $2 billion. After surrendering as much as 14% in early trading -- sending it straight to the short-sale restricted (SSR) list -- TWLO stock was last seen down 3.9% at $73.20....Read More

Near-term MTCH options are pricing in low volatility expectations at the momentOnline dating name Match Group Inc (NASDAQ:MTCH) has put in a strong performance this year, up almost 72%. More recently, the stock pulled back during last week's broad-market sell-off, but found support near $50, which is home to its April highs. The shares quickly recovered -- gaining 1.9% on Thursday, when the Nasdaq...Read More