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
MRNS has received some notable analyst attention this yearBiopharmaceutical stock Marinus Pharmaceuticals Inc (NASDAQ:MRNS) has been grabbing the attention of Wall Street analysts this year. Mizuho initiated coverage back in March with a $13 price target when MRNS shares were trading below $5, and Baird set an even higher price target of $15 a few weeks back. This morning it was Ladenburg Thalmann...Read More
Five illegal gold miners in the Indonesian province of North Sulawesi died after the mine they were working in collapsed and buried them during heavy rain on Sunday afternoon, Indonesia's Disaster Mitigation Agency (BNPB) said.Read full newsRead More
Impala Platinum (JSE:IMP), the world's No. 2 producer of the metal, said on Wednesday it had resolved a long-standing legal dispute with Zimbabwe by agreeing to give up almost half of its mining land to the government.In exchange, the Zimbabwean government has given Zimplats two leases valid for the life of its operations. The South African miner, known as Implats, said that in exchange for relea...Read More
Impala Platinum (JSE:IMP), the world's No. 2 producer of the metal, said on Wednesday it had resolved a long-standing legal dispute with Zimbabwe by agreeing to give up almost half of its mining land to the government.In exchange, the Zimbabwean government has given Zimplats two leases valid for the life of its operations. The South African miner, known as Implats, said that in exchange for relea...Read More
Five illegal gold miners in the Indonesian province of North Sulawesi died after the mine they were working in collapsed and buried them during heavy rain on Sunday afternoon, Indonesia's Disaster Mitigation Agency (BNPB) said.Read full newsRead More
Shares in London-listed Botswana Diamonds (LON:BOD) received a fresh shot in the arm on Wednesday after the miner said it had been granted rights to explore a piece of land close to the Venetia mine, operated by De Beers, which delivers around 40% of South Africa's annual diamond production.The miner believes past explorers "systematically under-estimated" the grade and diamond quality of the 2.5-...Read More
Shares in London-listed Botswana Diamonds (LON:BOD) received a fresh shot in the arm on Wednesday after the miner said it had been granted rights to explore a piece of land close to the Venetia mine, operated by De Beers, which delivers around 40% of South Africa's annual diamond production.The miner believes past explorers "systematically under-estimated" the grade and diamond quality of the 2.5-...Read More
From Amazon, CVS, and AirBnB, early investment is the key to earning big.Any investor who wants to rake in big profits only really needs to know one thing:The biggest fortunes in the world right now are being made in technology.Take the following example:Amazon is now the world's third largest retailer, just behind Wal-Mart and CVS...Airbnb now offers more rooms than Hilton, InterContinental and M...Read More
It seems almost inevitable that the Fed will raise rates There is a heightened chance of stock volatility next week. The June Federal Open Market Committee (FOMC) meeting will wrap up on Wednesday, June 13, with Chairman Jerome Powell holding an afternoon press conference. The Fed is expected to raise rates by 25 basis points, which would be the second rate increase in 2018, and the seventh since...Read More
State regulators gave the Canadian company the OK to excavate wetlands and possibly relocate any endangered species at the Upper Peninsula site.Read full newsRead More
Experts have long warned that bitcoin is not as private as it appears. The very design of bitcoin, as well as some other virtual currencies, can lend a surprisingRead full newsRead More
Five illegal gold miners in the Indonesian province of North Sulawesi died after the mine they were working in collapsed and buried them during heavy rain on Sunday afternoon, Indonesia's Disaster Mitigation Agency (BNPB) said.Read full newsRead More
Five illegal gold miners in the Indonesian province of North Sulawesi died after the mine they were working in collapsed and buried them during heavy rain on Sunday afternoon, Indonesia's Disaster Mitigation Agency (BNPB) said.Read full newsRead More
Gabriel Resources (TSX-V:GBU) will have to wait until late next year to find out whether Romania will have to pay it $4.4 billion in alleged losses related to the company's Rosia Montana gold and silver project, which the government of that country refused to approve following relentless protests.The miner said the suit, filed last year at a World Bank's tribunal, was met with a counter claim from...Read More
Gabriel Resources (TSX-V:GBU) will have to wait until late next year to find out whether Romania will have to pay it $4.4 billion in alleged losses related to the company's Rosia Montana gold and silver project, which the government of that country refused to approve following relentless protests.The miner said the suit, filed last year at a World Bank's tribunal, was met with a counter claim from...Read More
South African gold miner Harmony Gold raised just over 1.05 billion rand ($82 million) via the issue of new shares, it said on Wednesday, raking in cash to pay down debt used for an acquisition.Harmony took out loans to partly fund the $300 million acquisition of the Moab Khotsong mine earlier this year in a deal that the company said would significantly boost its operational cash flow.The com...Read More
South African gold miner Harmony Gold raised just over 1.05 billion rand ($82 million) via the issue of new shares, it said on Wednesday, raking in cash to pay down debt used for an acquisition.Harmony took out loans to partly fund the $300 million acquisition of the Moab Khotsong mine earlier this year in a deal that the company said would significantly boost its operational cash flow.The com...Read More
Just hours after we warned that it was time to start worrying about China's debt default avalanche, and shortly after the PBOC lowered its credit quality restrictions for collateral, China offered its Medium-term Lending Facility (MLF) to inject CNY463bn (~$72bn) of liquidity.Read full newsRead More
San Diego, CA - DeepGreen Metal's (DeepGreen) research vessel, the Maersk Launcher, has returned to port in San Diego today, Monday, June 4th, after nearly two months at sea. This is the third of seven campaigns to pursue the evaluation of deep ocean metals, which will be indispensable for powering a low-carbon and high-tech economy - battery storage systems, electric vehicles, smart phones, wi...Read More
Angola, the world's fifth-largest diamond producer, is working on easing up its restrictive legislation over the industry in order to attract more foreign investment, up production and secure higher government revenue.The country has historically had in place limiting rules over diamond operations, including not allowing foreigners to hold a majority stake and a requirement to sell all precious s...Read More