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

SHANGHAI, May 31 (SMM) – Most nonferrous metals rose on Thursday May 31. SHFE nickel surged 2.5% and registered a three-year high of 114,680 yuan/mt. SHFE zinc gained 1.5% with lead and copper slightly up. SHFE aluminium lost 0.78% and tin dipped.The ferrous complex rose across the board. Coking coal jumped 2.4%, coke rose 1.7%, rebar gained 1.5%, hot-rolled coil inched up clo...Read More

SHANGHAI, May 31 (SMM) – Spot copper was mostly offered at a discount of 40 yuan/mt to a premium of 20 yuan/mt over the SHFE 1806 contract on Thursday May 31 in the Shanghai market on Thursday May 31. This compared with a discount of 70 yuan/mt to flat on Wednesday May 30.The SHFE 1806 contract hovered at 51,000 yuan/mt, and closed at 51,120 yuan/mt in the morning trading session, up 220 yua...Read More

SHANGHAI, May 31 (SMM) – Copper: LME copper rebounded last night and rose twice to a high of $6,856/mt as LME copper inventory declined and the US dollar weakened. The SHFE 1807 contract was pushed up to a high of 51,370 yuan/mt as LME copper gained and shorts cut their positions. However, it inched down to close 60 yuan/mt lower at 51,270 yuan/mt with limited support. We expect LME cop...Read More

SHANGHAI, May 31 (SMM) – Copper: LME copper rebounded last night and rose twice to a high of $6,856/mt as LME copper inventory declined and the US dollar weakened. The SHFE 1807 contract was pushed up to a high of 51,370 yuan/mt as LME copper gained and shorts cut their positions. However, it inched down to close 60 yuan/mt lower at 51,270 yuan/mt with limited support. We expect LME cop...Read More

SHANGHAI, May 31 (SMM) – Copper: LME copper rebounded last night and rose twice to a high of $6,856/mt as LME copper inventory declined and the US dollar weakened. The SHFE 1807 contract was pushed up to a high of 51,370 yuan/mt as LME copper gained and shorts cut their positions. However, it inched down to close 60 yuan/mt lower at 51,270 yuan/mt with limited support. We expect LME cop...Read More

Palisade Research May 31, 2018 Category: Research Of the top ten gold mines currently operating in Canada and the United States, half of them are re-starts.This means they were once smaller, producing mines that ran out of ore – only to be brought back to life by a breath of exploration.These mines that were shuttered for various reasons, including: low prices, high costs, operational proble...Read More

Goldberg is one of the leading mining executives interviewed for the "Mining Journal Global Leadership Report: Preparing for transformation" being published next month.He said shareholders were investing more responsibly and demanding accountability - or simply not investing in businesses that did not meet their standards.Accordingly, Goldberg said miners needed to demonstrate a more consistent st...Read More

"At no point in the history of the world has the interest on money been so low as it is now."Who can dispute the good Sen. Henry M. Teller of Colorado?For lo eight years, the Federal Reserve has waged a ceaseless warfare upon interest rates.Economic law, history, logic itself, stagger under the onslaughts.We suspect that economic reality will one day prevail.This fear haunts our days... and poison...Read More

"How is your wife?" someone supposedly asked Winston Churchill.The reply, oozing Churchillian wit from every pore:Compared to what?Today's interest rates are low.But today we consider the "real" question:Interest rates are low… compared to what?The Federal Reserve has been lifting the nominal fed funds target rate since December 2015.It currently rests between 1.50% and 1.75%.That is, nomina...Read More

I've spent a lot of time and effort outlining the actual condition of our nation's Social Security system... along with some of the changes that could be coming down the pike.Yet I'm continually amazed at how many misunderstandings everyday Americans have about the program!For example, a survey of people in my age bracket revealed that 29% expected to claim Social Security benefits at age 65.The p...Read More

The time to buy bank stocks is now.More specifically, the time to buy shares of Citigroup (C) is now.That is the word from the legendary activist hedge fund ValueAct Capital. ValueAct isn’t just talking, they are acting. ValueAct has invested a whopping $1.2 billion into shares of this banking giant.1Luckily for us, ValueAct also explains exactly why the market thumping investment firm is po...Read More

The Anglo American subsidiary this week said it would produce diamonds for the US market at a facility in the UK, and sell them for around US$800 per carat under a new brand called Lightbox.Industry observers have said it looked like a move to definitively split the value of both types of diamonds in consumers' eyes, shoring up mined diamond prices.The Diamond Producers' Association CEO Jean-Marc...Read More

"I can't wait for global warming - finally my summer home in Siberia doesn't seem like such a bad investment!"Cue the groans...I once heard this "joke" during an investment talk at a financial conference. Word to the wise: if you're looking for comedy, avoid investment conferences at all costs. You're likely to find better jokes at a funeral home.In any case, while it was a horrible joke, there is...Read More

Mark Child, executive chairman and chief executive officer, Condor Gold and moderator Bill Whitelaw, president and chief executive officer, JWN Energy discuss the merits and drawbacks of listing on the LSE and TSX stock exchanges. Recorded live at the Canadian Mining Symposium in London on April 24, 2018.Read More

Responsible Mining Panel: What it means and how it will define our industry going forward. Recorded live at the Canadian Mining Symposium in London on April 25, 2018.Moderator: Andrew Cheatle, Senior Vice President, Africa, Forbes & Manhattan Group.Panelists: Sandra Gogal, partner and Aboriginal leader, Miller Thomson LLP; Lisa Davis, chief executive officer, Peartree Securities; Aidan Davy, chie...Read More

Troubles in the Middle East aren't having an effect on gold, according to self-taught investor David Erfle. But the US dollar, which continues to strengthen, is a major force.Read full newsRead More

via GoldinAmerica.comPictured: Admiral Isoroku Yamamoto as played by Soh Yamamura in the movie Tora! Tora! Tora! In the scene depicted, he considers the implications of the successful Pearl Harbor attack.Silver is a Sleeping GiantIn brief:1- Real Silver volatility hasn't been this low since 2007.2- This taken alone implies nothing. We could continue flatlining forever theoretically. But wo...Read More

The RUT touched another high as small-caps stay hotStocks rallied today, overcoming the political uncertainty in Europe that resulted in an almost 400-point Dow drop yesterday. Despite lackluster economic data, the Dow spent the entire day in positive territory. The blue-chip index was led by energy giants Exxon Mobil (XOM) and Chevron (CVX), as oil prices surged thanks to reports the Organization...Read More

With a recent $5-million investment under its belt, De Grey Mining has discovered high-grade gold zones at its Mount Berghaus deposit in the Pilbara area.Read full newsRead More

By Kwasi KpodoACCRA, May 30 (Reuters) - Gold mining giants in Ghana such as Newmont, Gold Fields and AngloGold Ashanti welcome new government tests to certify the value of their exports, the main industry association said on Wednesday.The tests that come in addition to customs checks and internal company tests are part of an attempt by President Nana Akufo-Addo's government to tighten control of t...Read More