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
The growing adoption of electric vehicles (EVs) is expected to cost Germany's key auto industry about 75,000 jobs by 2030, a study released Tuesday shows, with parts suppliers set to suffer the most.The adoption of EVs will lessen the importance of petrol- and diesel-fuelled cars, an industry where German carmakers have built a reputation for decades and which currently employs about 840,000 peop...Read More
SHANGHAI, Jun 5 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index weakened overnight but rebounded above 94 after the US-North Korea summit was finalised.Both LME and SHFE metals rose across the board overnight except for tin. SHFE tin dropped close to 1% and LME tin dipped. LME lead rose over 1%, and SHFE lead gained o...Read More
SHANGHAI, Jun 5 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index weakened overnight but rebounded above 94 after the US-North Korea summit was finalised.Both LME and SHFE metals rose across the board overnight except for tin. SHFE tin dropped close to 1% and LME tin dipped. LME lead rose over 1%, and SHFE lead gained o...Read More
SHANGHAI, Jun 5 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index weakened overnight but rebounded above 94 after the US-North Korea summit was finalised.Both LME and SHFE metals rose across the board overnight except for tin. SHFE tin dropped close to 1% and LME tin dipped. LME lead rose over 1%, and SHFE lead gained o...Read More
It said the drilling had identified copper sulphide-rich mineral deposits, and the new hydrothermal breccias which contained high-grade zinc and remained open at depth.Among the highlights, Sierra intercepted 57m at 1.86g/t silver, 0.54% lead, 0.28% copper and 9.53% zinc, from 92.2m, outside the Yauricocha Fault contact zone.The company has drilled four holes to date from the 1070 level in the Con...Read More
(Adds company news and futures)June 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 22 points higher at 7,723 on Monday, according to financial bookmakers, with futures FFIc1 up 0.35 percent ahead of the cash market open.* Virgin Money/CYBG: The acquisition of British bank Virgin Money VM.L by lender CYBG Woodward Inc WWD.O with net proceeds totalling 673 million euros. EMMERSON: Em...Read More
June 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 22 points higher at 7,723 on Monday, according to financial bookmakers.* ASTRAZENECA: AstraZeneca Plc AZN.L plans to disclose payments to doctors in all countries in which it operates in a move that will pile pressure on its rivals to follow suit, The Times reported. POUNDWORLD: British discount retailer Poundworld is close to a res...Read More
Contrarian investors are searching for unloved stocks in out-of-favour sectors, and the gold miners certainly fit the bill.Let's take a look at Goldcorp Inc. (TSX:G)(NYSE:GG) to see if the company deserves to be in your portfolio today.FinancialsGoldcorp generated Q1 2018 operating cash flows of US$271 million compared to US$227 million in the same period last year. Adjusted operating cash flows w...Read More
Precious metals continue to gyrate wildly because of a mix of positive and negative catalysts. While rising geopolitical tensions and fears of another economic crisis are supporting firmer prices, a stronger U.S. dollar and better than expected global growth are weighing on prices. However, there are signs that gold will remain firm for at least the foreseeable future and could be due for another...Read More
A uranium trader focused on Kazakhstan is set to make its debut on AIM next month.Yellow Cake Plc is backed by Bacchus Capital, the corporate finance boutique set up in 2016 by a group of senior bankers led by Peter Bacchus.Uranium (U3O8) is structurally mis-priced, it says and Yellow Cake will make its money from stockpiling the radioactive metal, commodity streaming and royalties.Kazakhstan is o...Read More
activities at Nevsun's Timok copper-gold project in Serbia. Source Nevsun Resources Ltd.Euro Sun Mining Inc. [ESM-TSX; CPNFF-OTC] has amended its portion of the $1.5 billion joint proposal with Lundin Mining Corp. [LUN-TSX; LUMI-Sweden] for the acquisition of Nevsun Resources Ltd. [NSU-TSX; NYSE AMERICAN] to 50% cash and 50% stock.The proposed offer now comprises $5 per share for Nevsun's entire s...Read More
Pure Gold's Madsen headframe, mill and tailings facility near Red Lake, Ontario. Source: Pure Gold Mining Inc.Pure Gold Mining Inc. [PGM-TSXV; LRTNF-OTC] on Tuesday June 6 said underground drilling continues to successfully delineate initial mining shapes that will underpin the early years of production at the its 100%-owned Madsen Gold Project in Red Lake, Ontario."Several mineralized structures...Read More
The Governors Highway Safety Association calls itself "The State’s Voice on Highway Safety" and holds annual training meetings to indoctrinate law enforcement agencies all across the country. However, the GHSA should genuinely call itself "The Alcohol Industry's Voice," as its latest report is entirely funded by the alcohol industry in a blatant attempt to paint cannabis users as the real hi...Read More
Full Article: The Rosen Timing LetterBy: Ronald L. RosenSave the Last Dance for Me... Full Article: The Rosen Timing LetterBy: Ronald L. RosenDisclaimer (C) 2010 Junior Gold Report and TechMoney360Junior Gold Report and TechMoney360 Newsletter: Junior Gold Report's and Tech Money 360's Newsletter is published as a copyright publication of Junior Gold Report (JGR) and TechMoney360 (TM360). No...Read More
The Perth-based diversified miner overnight signed an agreement with Toronto-listed Silver Bull Resources on the Sierra Mojada zinc-silver project in Mexico.Read More
In March, it said it was raising upwards of A$5 million (US$3.86 million) for exploration in Colombia.The company hopes the diamond drilling programme will confirm and expand the gold mineral system previously drilled by a previous owner, as well as test a previously undrilled geophysical anomaly.Of the three diamond core holes previously drilled, the best hit a 384m intercept grading 1.1g/t gold,...Read More
The company in February applied for 19 contiguous exploration licences over 5,700 square kilometres in western Queensland, and appears to be targeting a potential southern extension of the Mount Isa fault under the Georgina Basin.Read More
The company, formerly known as Ortac Resources, has acquired a further 6% interest from Terra Metals in exchange for 17.5 million new ordinary shares of no par value in Arc Minerals.It became Zamsort's largest shareholder in mid-May when it upped its holding from 14% to 49% by acquiring 35% of Terra's shares in Zamsort for 102.1 million new ordinary shares.Arc also holds a convertible loan note in...Read More
London-listed Petropavlovsk (POG) is in the midst of a major shareholder battle that could see the whole board booted at the June 29 annual general meeting.Read More
What they fail to foresee is that by providing money at a low cost of capital they oversupply investment capital, facilitating market over-supply.The end result is that despite increased demand, commodity prices lag, leaving investors with sub-optimal returns.Even if investors' expectation for supply deficits turns out to be true, there is no reason why they should build-in higher commodity prices...Read More