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 30 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index surged to a high since November last year at 95.03 overnight and closed 0.47% higher from Monday at 94.85 as euro plunged on concerns over the Italy election crisis. Base metals went down across the board as a result.The White House announced last n...Read More

SHANGHAI, May 30 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index surged to a high since November last year at 95.03 overnight and closed 0.47% higher from Monday at 94.85 as euro plunged on concerns over the Italy election crisis. Base metals went down across the board as a result.The White House announced last n...Read More

(Bloomberg) -- China’s economy is refusing to slow down without a fight.That’s the picture that emerges this month from a new gauge of economic activity developed by Fielding Chen at Bloomberg Economics, which aggregates the earliest available indicators into one reading for the first time.While an ongoing campaign to curb financial excess and deflate property bubbles is taking its tol...Read More

(Bloomberg) -- China’s economy is refusing to slow down without a fight.That’s the picture that emerges this month from a new gauge of economic activity developed by Fielding Chen at Bloomberg Economics, which aggregates the earliest available indicators into one reading for the first time.While an ongoing campaign to curb financial excess and deflate property bubbles is taking its tol...Read More

* State government ordered smelter's closure* Thirteen killed after police fired on protesters last week* Vedanta left with no option but to take legal action-sourcesBy Krishna N. DasNEW DELHI, May 29 (Reuters) - Vedanta Resources is working on a legal challenge to an Indian state's closure of one of its copper smelters, but it will not proceed until tensions over the deaths of 13 people during...Read More

* 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 Sudarshan VaradhanTHOOTHUKUDI, India, May 29 (Reuters) - Police in the...Read More

Canadian investors are searching for ways to set some cash aside to fund a comfortable retirement. One popular strategy involves owning quality Canadian stocks inside a self-directed RRSP portfolio.Let's take a look at two companies that might be of interest today.Canadian Natural Resources Ltd. (TSX:CNQ)(NYSE:CNQ)CNRL isn't always the first name that comes up when investors start discussing energ...Read More

Contrarian investors are constantly searching for beaten-up stocks that could be on the verge of a recovery.Let's take a look at Cameco Corp. (TSX:CCO)(NYSE:CCJ) to see if it deserves to be on your buy list right now.Japan disasterIn early 2011, Cameco traded for $40 per share and uranium prices hovered near US$70 per pound. Then the tsunami hit the coast of Japan, and everything changed.The count...Read More

Sherritt's 50%-owned nickel and cobalt open pit mine at Moa Bay in eastern Cuba. Source: Sherritt International Inc.Sherritt International Inc. [S-TSX] on Wednesday May 30 released an update on its recent progress against the company's strategic priorities for 2018. The priorities include strengthening the balance sheet, optimizing opportunities in the Cuban energy business and upholding global le...Read More

Early FI is different for everyone… There’s no denying that… What works for one individual won’t necessarily appeal to the next person… I think that’s all fine and dandy, and just the way life works… Having said that, I think the most important thing any of us can do on a regular basis is to keep an open mind as we try and navigate through the Game of Life...Read More

The high-quality 95.21-carat diamond from The Mountain Province/DeBeers Gahcho Kue diamond mine in the Northwest Territories. Source: Mountain Province Diamonds Inc.Mountain Province Diamonds Inc. [MPVD-TSX, NYSE] on Wednesday May 30 announced the recovery of a high-quality 95-carat diamond from its Gahcho Kue diamond mine in the Canadian Northwest Territories.Mountain Province shares advanced on...Read More

Via Sovereignman.comOn April 2, 1792, George Washington signed into law what's commonly referred to as the Mint and Coinage Act.It was one of the first major pieces of legislation in the young country's history... and it was an important one, because it formally created the United States dollar.Under the Act, the US dollar was defined as a particular amount of copper, silver, or gold. It wasn't ju...Read More

Via Sovereignman.comLast week, the financial services giant Northwestern Mutual released new data showing that 1 in 3 Americans has less than $5,000 in retirement savings.It's an unfortunately familiar story. And Northwestern Mutual's data is entirely aligned with other research we've seen in the past, including our own.The Federal Reserve's most recent Survey of Consumer Finances, for example, sh...Read More

Via Sovereignman.comOn October 22, 1981, the national debt in the United States crossed the $1 trillion threshold for the first time in history.It took nearly two centuries to reach that unfortunate milestone.And over that time the country had been through a revolution, civil war, two world wars, the Great Depression, the nuclear arms race... plus dozens of other wars, financial panics, and econom...Read More

Full Article: Building a Better U.S. EconomyBy: Frank HolmesThis shouldn't surprise anyone, but public trust in the federal government is eroding. Sixty years ago, 75 percent of Americans expressed faith in the government to do the right thing "most of the time" or "just about always." Seventy-five percent! You can't get 75 percent of people to agree on anything now, as the recent "Laurel or Yan...Read More

This is not a new mining jurisdiction. The former Yugoslav republic has long been mined and explored, including by majors such as Freeport McMoRan and Rio Tinto, and the former government, leaving a wealth of information and expertise there for new arrivals.Read More

Sampson was most recently CEO of ASX-listed Tiger Resources and prior to this held senior positions at Newcrest Mining, including general manager of its West African operations.During his 25 years' of experience in the resources industry, he was also CEO of Discovery Metals over the 2008-2013 period, and a general manager at Goldfields.Bennett will remain available to Kore to support its financing...Read More

Orla has released a resource and preliminary economic assessment for a "relatively simple" openpit oxide mine and heap leach operation, to produce about 100,000 ounces of gold a year over a 6.6-year mine life, and pointed to longer-term sulphide potential.Read More

(IDEX News) - India's Gem and Jewellery Export Promotion Council (GJEPC) said that De Beers' plan to launch a jewelry line set with colored lab-grown diamonds "will drive clear differentiation and categorization in the diamond product category among consumers."   Customers and owners of real diamonds across the world will be able to differentiate between synthetic stones and natural...Read More

Adjusted net profit for the quarter was 10% higher than a year ago at US$223 million, while revenue edged up 1% to $743 million.Its adjusted EBITDA was also 1% higher on the year at $387 million, with the adjusted EBITDA margin steady at 63%.Group total cash costs for the three-month period were 1% higher at $383 per ounce, while all-in sustaining costs jumped 17% on the year to $684/oz due to low...Read More