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
Consumer spending in April rose at its fastest pace in five monthsDow Jones Industrial Average (DJI) futures are trading below fair value this morning, as renewed trade concerns stall Wednesday's momentum. Specifically, reports indicate the Trump administration could announce steel and aluminum tariffs on European imports as early as today, with retaliation from the European Union (EU) expected. E...Read More
Near-term calls have been popular on AKS in recent weeksDomestic steel companies are in focus this morning due to reports that the Trump administration is ready to put tariffs on steel and aluminum imports from Mexico, Canada, and the European Union (EU). One name to pay close attention to amid this news is Ohio-based AK Steel Holding Corporation (NYSE:AKS), as any tariff-induced gains could mean...Read More
Are you ready for a potential economic reset?No matter what the news says, when this bubble pops, we're going to witness the worst market crash in history. But if you know this massive reset is coming, and prepare accordingly, it could be the greatest wealth opportunity of your life.You could have the once-in-a-lifetime opportunity to build wealth that lasts not just years... but generations!Once...Read More
Are you ready for a potential economic reset?No matter what the news says, when this bubble pops, we're going to witness the worst market crash in history. But if you know this massive reset is coming, and prepare accordingly, it could be the greatest wealth opportunity of your life.You could have the once-in-a-lifetime opportunity to build wealth that lasts not just years... but generations!Once...Read More
Shares in Canada's Erdene Resource (TSX:ERD), one of the very few companies that has successfully navigated Mongolia's ever-changing policies on foreign mining investment, were off to the races on Thursday after the miner announced it had received approval for a secondary listing on the Mongolian Stock Exchange (MSE).The Halifax, Nova Scotia-based miner also said it had launched an offering of c...Read More
Shares in Canada's Erdene Resource (TSX:ERD), one of the very few companies that has successfully navigated Mongolia's ever-changing policies on foreign mining investment, were off to the races on Thursday after the miner announced it had received approval for a secondary listing on the Mongolian Stock Exchange (MSE).The Halifax, Nova Scotia-based miner also said it had launched an offering of c...Read More
Shares in Canada's Erdene Resource (TSX:ERD), one of the very few companies that has successfully navigated Mongolia's ever-changing policies on foreign mining investment, were off to the races on Thursday after the miner announced it had received approval for a secondary listing on the Mongolian Stock Exchange (MSE).The Halifax, Nova Scotia-based miner also said it had launched an offering of c...Read More
Canadian miner Bear Creek Mining Corp will likely make a public offering for its Peruvian unit on the bourse in Lima to help finance its $550 million Corani silver project, the company's chief financial officer said on Wednesday.Read full newsRead More
* Company expects to see fruits of past investments in 2019Read full newsRead More
Gold Mining Stock Outlook - June 2018Read full newsRead More
Kyrgyz Republic former Prime Minister Sapar Isakov, who last year signed a deal with Centerra Gold ending long-dragged disputes, has now been charged with corruption over a power plant project.According to the State Committee for National Security, or GKNB, the recently fired politician is being investigated over his role in the overhaul of a power plant in the capital, Bishkek, Eurasianet repor...Read More
Canada-listed Fura Gems (TSX-V:FUR), a new gemstone mining and marketing company headed by the former COO of Gemfields (LON:GEM), is changing its brand identity, including logo, tagline and social media.The company, which began operations a year ago, said the move seeks to strengthen its communication with key stake holders and consumers.The new logo, it said, was inspired by the Fura and Tena mo...Read More
Canada-listed Fura Gems (TSX-V:FUR), a new gemstone mining and marketing company headed by the former COO of Gemfields (LON:GEM), is changing its brand identity, including logo, tagline and social media.The company, which began operations a year ago, said the move seeks to strengthen its communication with key stake holders and consumers.The new logo, it said, was inspired by the Fura and Tena mo...Read More
SHANGHAI, May 31 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index fell from a six-month high to around 94 overnight due to the lower-than-expected data on employment and gross domestic product (GDP) from the US, intensified worries over China-US trade conflicts and a rebounded euro as the reaction to Italy’s poli...Read More
SHANGHAI, May 31 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index fell from a six-month high to around 94 overnight due to the lower-than-expected data on employment and gross domestic product (GDP) from the US, intensified worries over China-US trade conflicts and a rebounded euro as the reaction to Italy’s poli...Read More
SHANGHAI, May 31 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index fell from a six-month high to around 94 overnight due to the lower-than-expected data on employment and gross domestic product (GDP) from the US, intensified worries over China-US trade conflicts and a rebounded euro as the reaction to Italy’s poli...Read More
Investing.com - Gold prices inched up on Wednesday, as political uncertainty in Italy continued.Comex gold futures for June delivery were up 0.12% to $1,300.60 a troy ounce as of 10:32 AM ET (14:32 GMT).The price of gold moved higher as Italy’s political crisis deepened. Last minute efforts to form a government seem unlikely, with the prospect of elections in July. Investors fear a snap elec...Read More
(Adds company news and futures)May 30 (Reuters) - Britain's FTSE futures FFIc1 up 0.04 percent ahead of the cash market open.* LONDONMETRIC PROPERTY: The e-trading driven shakeout of UK retailers has yet to run its course and there is likely more pain to come, one of the sector's big landlords, Londonmetric Property Plc LMPL.L , said on Wednesday, while reporting a tripling in full-year profit. B&...Read More
May 30 (Reuters) - Britain's FTSE 100 .FTSE index is seen to open 5 points lower at 7,628 on Wednesday, according to financial bookmakers.* ROYAL DUTCH SHELL: Friends of the Earth plans to file a lawsuit against Royal Dutch Shell RDSa.L , accusing the oil company of failing to act on climate change, the environmental activist group said on Tuesday. SSE: Britain's competition regulator on Tuesday s...Read More
(Repeats story first sent late on Tuesday to additional subscribers)* Witnesses say police did not warn protesters before opening fire* Police appear to have ignored Indian federal police rules* Two people who died were shot in the face-friends and relatives* Tamil Nadu (NS:TNNP) government has ordered smelter be permanently shut* Last Tuesday's protest got unruly as district offices targetedBy Su...Read More