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
OTTAWA, June 4 (Reuters) - Canada's government vowed on Monday to do all it could to protect its steel and aluminum sectors from U.S. tariffs but sidestepped an industry call to strike back quickly, saying it needed time to study the issue.President Donald Trump's administration last week imposed U.S. tariffs of 25 percent on steel and 10 percent on aluminum from Canada - the No. 1 steel exporter...Read More
FSLR shares are pacing for another sharp lossFirst Solar, Inc. (NASDAQ:FSLR) yesterday fell 6.4%, breaching its 200-day moving average for the first time in over a year, due to China's new restrictive policies on the solar industry. The shares are again under pressure today, last seen trading 4.4% lower at $59.12, after BofA-Merrill Lynch downgraded the solar stock to "neutral" from "buy," and low...Read More
MEXICO CITY, June 5 (Reuters) - Mexico responded in kind to U.S. President Donald Trump's metals tariffs by imposing its own duties on American steel on Tuesday, while also targeting politically sensitive agricultural products from pork to bourbon.Mexico's peso tumbled to its weakest level since February 2017, leading losses among major currencies due to the rising trade tensions between the two n...Read More
The tech sector looks set to outperform once againFutures on the Dow Jones Industrial Average (DJI) are trading slightly below fair value this morning, with the blue-chip index set for a breather after two big days of gains. However, the tech sector continues to outperform, with futures on the Nasdaq-100 Index (NDX) higher ahead of the bell. More specifically, shares of Apple (AAPL) are on track t...Read 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
Mid-tier Canadian miner B2Gold (TSX, NYSE: BTO) has officially open a solar farm at its Otjikoto mine in Namibia, which the country's Ministry of Mines and Energy, Tom Alweendo, said it was a "significant contribution" for the nation's attempts to find sustainable energy solutions.The opening follows the Vancouver-based miner's breaking ground on the construction of the $8.5 million, 7megawatt (...Read More
Mid-tier Canadian miner B2Gold (TSX, NYSE: BTO) has officially open a solar farm at its Otjikoto mine in Namibia, which the country's Ministry of Mines and Energy, Tom Alweendo, said it was a "significant contribution" for the nation's attempts to find sustainable energy solutions.The opening follows the Vancouver-based miner's breaking ground on the construction of the $8.5 million, 7megawatt (...Read 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
World's largest mortgage bankers- Fannie Mae and Freddie Mac, would soon go bankrupt.No one believed Porter Stansberry nine years ago.As head of one of America's largest independent financial research firms, Mr. Stansberry's work back in 2008 led him to a bold, but worrisome, conclusion:That the world's largest mortgage bankers- Fannie Mae and Freddie Mac, which at the time were responsible for ne...Read More
Experienced mining reporter joins Mining JournalRead full newsRead More
Heavy call strikes could come into play as we enter the brief June options expiration cycleIt's safe to say stock traders did not, in fact, "Sell in May and go away" this year, with the Dow Jones Industrial Average (DJI) and its index peers notching monthly wins. That's not to say Wall Street is out of the woods, yet, though, as the month of June has been notoriously weak for the broad-market indi...Read More
VANCOUVER, B.C., June 05, 2018 - Golden Predator Mining Corp. (TSX.V:GPY) (OTCQX:NTGSF) (the "Company" or "Golden Predator") and its wholly owned subsidiary, the Yukon Mint?,,? are pleased to announce the First Yukon Mint?,,? .9999 gold coin was unveiled on May 30th, 2018 at a Company event in Toronto, Canada. A community event will follow in Yukon, Canada. Mr. Rob McEwen, Chief Owner and Chair...Read More
VANCOUVER, B.C., June 05, 2018 - Golden Predator Mining Corp. (TSX.V:GPY) (OTCQX:NTGSF) (the "Company" or "Golden Predator") and its wholly owned subsidiary, the Yukon Mint?,,? are pleased to announce the First Yukon Mint?,,? .9999 gold coin was unveiled on May 30th, 2018 at a Company event in Toronto, Canada. A community event will follow in Yukon, Canada. Mr. Rob McEwen, Chief Owner and Chair...Read More
Compass Gold Corp announced that an update on the now completed shallow soil geochemical survey program over the Sankarani exploration permit on its Sikasso Property in Southern Mali.Read full newsRead More
A Canadian mining company plans to challenge a court decision that requires the state of Montana to conduct a more extensive review of a proposal to search for gold, copper and other minerals on private land north of Yellowstone National Park.Read full newsRead 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
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
Every year, Freeport-McMoRan Inc. dumps tens of millions of tons of mining waste into the Ajkwa River system in Indonesia. The company has been doing it for decades, and is demanding the right to keep at it for decades to come.The discharge of what are called tailings, the leftovers of mineral extraction, is perfectly legal under Freeport's current contract with the government. But recently, after...Read More
Every year, Freeport-McMoRan Inc. dumps tens of millions of tons of mining waste into the Ajkwa River system in Indonesia. The company has been doing it for decades, and is demanding the right to keep at it for decades to come.The discharge of what are called tailings, the leftovers of mineral extraction, is perfectly legal under Freeport's current contract with the government. But recently, after...Read More