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
Anglo American's De Beers shocked the diamond market on Tuesday by announcing it will start selling jewellery containing man-made stones rather than precious rocks recovered from the ground, for the first time in its 130-year history.The pivotal shift for the world's No.1 diamond producer, which vowed never to sell synthetic stones, will begin in the US in September. There, the lab-made gems will...Read More
Anglo American's De Beers shocked the diamond market on Tuesday by announcing it will start selling jewellery containing man-made stones rather than precious rocks recovered from the ground, for the first time in its 130-year history.The pivotal shift for the world's No.1 diamond producer, which vowed never to sell synthetic stones, will begin in the US in September. There, the lab-made gems will...Read More
SHANGHAI, May 29 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index touched a five-month high last night at nearly 94.5 before it closed 0.18% higher at 94.41, as the US state department confirmed that a US-North Korea meeting will be held as scheduled. A weakening euro to a low in six months and a half also accounted fo...Read More
SHANGHAI, May 29 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index touched a five-month high last night at nearly 94.5 before it closed 0.18% higher at 94.41, as the US state department confirmed that a US-North Korea meeting will be held as scheduled. A weakening euro to a low in six months and a half also accounted fo...Read More
SHANGHAI, May 29 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index touched a five-month high last night at nearly 94.5 before it closed 0.18% higher at 94.41, as the US state department confirmed that a US-North Korea meeting will be held as scheduled. A weakening euro to a low in six months and a half also accounted fo...Read More
(Corrects number in last line, adds dropped word in paragraph one)By Sudarshan VaradhanTHOOTHUKUDI, India, May 28 (Reuters) - An Indian state on Monday ordered the permanent closure of a copper smelter run by London-listed Vedanta Resources VED.L after 13 people protesting to demand its shutdown on environmental concerns were killed last week."We have taken a decision to permanently shut down th...Read More
NEW DELHI, May 28 (Reuters) - India's Tamil Nadu (NS:TNNP) state has ordered a permanent closure of a big copper smelter run by London-listed Vedanta Resources VED.L , its chief minister said on Monday, after protests demanding its shutdown killed 13 people last week."We have taken a decision to permanently shut down the plant and today issued government orders to do the same," Edappadi K. Palan...Read More
Investing.com - Gold prices were lower for the second consecutive session on Monday, falling further below the $1,300 level amid waning safe haven demand on the back of easing geopolitical tensions.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $7.40 or 0.56% to $1,296.40 a troy ounce by 05:03 AM ET (09:03 AM GMT), not far from an overnight low o...Read More
NEW DELHI, May 28 (Reuters) - India's Tamil Nadu (NS:TNNP) state deputy head said on Monday his government would take all steps to permanently shut a copper smelter run by London-listed Vedanta Resources VED.L after deadly protests demanding its closure on environmental grounds.Residents and environmental activists say emissions from the plant, India's second biggest, are polluting the air and w...Read More
May 28 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India ( CRISIL (NS:CRSL)) for local debt instruments as of May 25, 2018. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) --------------------------- --------- SHORT TERM RATINGS: ------------------- Anand ElectricalsBGCRISIL A410 Issuer Not Cooperating; Rating Migrated Anand ElectricalsLOCCRISIL A420 Issuer No...Read More
Wheaton Precious Metals Corp. (TSX:WPM)(NYSE:WPM) continues to hold massive appeal for those investors who are looking for a precious metals investment without the added risk and volatility of a traditional miner.As a streamer, Wheaton benefits from not owning or operating the mine directly, but from providing an upfront financial injection to the traditional miner who in turn sets up the mine and...Read More
Cameco Corp. (TSX:CCO)(NYSE:CCJ) has struggled over the years, but it looks as though the stock is finally gaining some steam. Over the past three years, its share price has dropped more than 26%, but year-to-date the stock has risen more than 18%. Low uranium prices have made life difficult for Cameco and forced the company to slash its payouts and scale back production in an attempt to push comm...Read More
The pilot plant at the Korokoro gold project in Mali, West Africa. Source: Goldex Resources Ltd.Shares of Goldex Resources Ltd. [GDX-TSXV] have gained over 164% in the last three trading sessions ending Tuesday May 29 after the company said a suspension of trading in its shares on the Frankurt Stock Exchange (FSE) was lifted on May 24, 2018."The company is fully disclosed of all material informati...Read More
The government is always terrible. It is terrible under Trump, and it was terrible under Obama. But the selective rage only ensures that the government will continue to be terrible into the next administration, and beyond.Have you seen the picture floating around of the detained immigrant children in what looks like a dog kennel?“This is happening right now,” tweeted Obama’s form...Read More
Full Article: Gold Rarity and Value Shown In Stunning Gold VisualisationsBy: Jeff DesjardinsSince Ancient times, gold has served a very unique function in society.Gold is extremely rare, impossible to create out of "thin air", easily identifiable, malleable, and it does not tarnish. By nature of these properties, gold has been highly valued throughout history for every tiny ounce of weight. That'...Read More
Metcalfe provides CFO and company secretarial services for companies in Australia, as well as advises on corporate governance matters and manages regulatory functions. He has recently worked with Synertec, Crosslands Metals, Memphasys and Kopore Metals.He is a member of the Australian Certified Practising Accountants and a fellow of the Governance Institute of Australia.Hogan will remain with Metm...Read More
The Ammas, Takzim Est and Arfa licences cover 87.55sq.km and are all valid for an initial three-year term, which could be renewed for a further four years thereafter.Altus CEO Steven Poulton said the licences were strategically located and had been selected on the basis of the company's remote sensing programmes across terrains considered to be prospective for zinc, copper and other base metals.He...Read More
Speaking at the Resources Rising Stars conference in Queensland, Australia, Sunstone managing director Malcolm Norris said he was getting asked almost daily when the company was going to drill.Read More
Roderic Lyne, Robert Jenkins and Pavel Maslovskiy have put themselves forward as directors in a requisition backed by two anonymous shareholders, CABS Platform Ltd and Slevin Ltd, which hold a combined 9.1% of Petropavlovsk. Read More
(IDEX News) - De Beers has announced the launch of a new company called Lightbox Jewelry that will begin marketing a new brand of laboratory-grown diamond jewelry under the Lightbox name in September, "offering consumers high-quality, fashion jewelry designs at lower prices than existing lab-grown diamond offerings." Lightbox lab-grown diamonds will retail from $200 for a quarter-carat ston...Read More