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
Bitcoins are worth less than half of what they were in December. Mining them is 60 percent less profitable than it was in 2017. Even retailers of hobbyist mining rigs say they are seeing fewer customers.Read full newsRead More
Market Analysis by Frank Holmes covering: FTSE 100, S&P 500, Dow Jones Industrial Average, US SmallCap 2000. Read Frank Holmes's Market Analysis on Investing.comRead full newsRead More
While gold stocks are underwhelming the markets, their disappointing performance can't last indefinitely amid geopolitical tensions.Read full newsRead More
Stocks Analysis by Sean Mason, SmallCapPower.com covering: XAU/USD, Gold Futures, Copper Futures, Barrick Gold Corporation. Read Sean Mason, SmallCapPower.com's latest article on Investing.comRead full newsRead More
Stocks Analysis by Sean Mason, SmallCapPower.com covering: XAU/USD, Gold Futures, Copper Futures, Barrick Gold Corporation. Read Sean Mason, SmallCapPower.com's latest article on Investing.comRead full newsRead More
Australia's Lucapa Diamond (ASX:LOM) has found a 25-carat yellow gem diamond at its 70%-owned Mothae mine in Lesotho, adding that the stone was recovered during the first two days of trial processing at the project.The yellow diamond was unearthed from the Neck zone of the Mothae kimberlite, which is not part of the current 1 million carat Joint Ore Reserves Committee-compliant (JORC) resource, th...Read More
Australia's Lucapa Diamond (ASX:LOM) has found a 25-carat yellow gem diamond at its 70%-owned Mothae mine in Lesotho, adding that the stone was recovered during the first two days of trial processing at the project.The yellow diamond was unearthed from the Neck zone of the Mothae kimberlite, which is not part of the current 1 million carat Joint Ore Reserves Committee-compliant (JORC) resource, th...Read More
Rio Tinto's copper and diamond chief executive Arnaud Soirat has put pressure on Mongolia to support its planned $5.3 billion Oyu Tolgoi mine underground expansion, saying foreign companies will be looking at it as a "test case" for future investment.During his presentation at the Mongolia Economic Forum on Tuesday, the executive said the landlocked, mineral-rich country had all ingredients to b...Read More
Rio Tinto's copper and diamond chief executive Arnaud Soirat has put pressure on Mongolia to support its planned $5.3 billion Oyu Tolgoi mine underground expansion, saying foreign companies will be looking at it as a "test case" for future investment.During his presentation at the Mongolia Economic Forum on Tuesday, the executive said the landlocked, mineral-rich country had all ingredients to b...Read More
SHANGHAI, May 22 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs US-Sino trade concerns eased, the US dollar surged to a high of 93.97 overnight. It closed 0.1% lower at 93.55.Base metals received support as fears of a trade war abated but faced resistance from a stronger US dollar. LME base metals rose across the board with...Read More
SHANGHAI, May 22 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs US-Sino trade concerns eased, the US dollar surged to a high of 93.97 overnight. It closed 0.1% lower at 93.55.Base metals received support as fears of a trade war abated but faced resistance from a stronger US dollar. LME base metals rose across the board with...Read More
SHANGHAI, May 22 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs US-Sino trade concerns eased, the US dollar surged to a high of 93.97 overnight. It closed 0.1% lower at 93.55.Base metals received support as fears of a trade war abated but faced resistance from a stronger US dollar. LME base metals rose across the board with...Read More
Investing.com - Gold prices were paring losses in midmorning trade on Monday as investors evaluated mixed messages with regard to U.S. trade.At 10:33AM ET (14:33GMT), gold futures for June delivery on the Comex division of the New York Mercantile Exchange was down $3.70, or around 0.3%, to $1,287.60 a troy ounce, well off an intraday low of $1281.20.China and the U.S. agreed to halt imposing punit...Read More
MUMBAI, May 21 (Reuters) - India's Multi Commodity Exchange (MCX) MCEI.NS said it launched the country's first copper options contracts on Monday.Three contracts expiring in June, August and November with a lot size of 1 tonne were launched, the exchange said in a statement.The option contract will provide physical market participants an additional instrument to hedge their risk, said MCX Managing...Read More
(updates prices, adds quotes, context)* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh* European stocks, Wall Street futures rise* Dollar gains, euro under pressure* Italian anti-establishment parties closer to power* Milan bourse suffers, yield on Italian debt rise* Oil prices near 3-1/2-year highsBy Julien PonthusLONDON, May 21 (Reuters) - Stocks, oil prices and the dollar were on the...Read More
Gold is back below US$1,300 per ounce, and investors are wondering if the downward trend is going to continue through the end of 2018.Let's take a look at the current situation to see if this is a good time to own Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) or any of the other miners.Gold volatilityGold peaked around US$1,900 per ounce back in September 2011. It then went into an extended downturn, bot...Read More
From the start of 2017, Katanga Mining Ltd. (TSX:KAT) stock has appreciated as much as 15 times when it hit a peak of ~$2.50 per share! The company has the potential to become Africa's largest copper producer and the world's largest cobalt producer.Cobalt is what investors are interested in, as it is an essential element for batteries in electric cars. And there's a long runway for the conversion...Read More
Two gold nuggets recovered from Pacton Gold's Arrow Project in the Pilbara region of Western Australia. Source: Pacton Gold Inc.Pacton Gold Inc. [PAC-TSXV; PACXF-OTC] shares rallied sharply Tuesday May 22 after the company said it has become the third largest land holder in Australia's Pilbara Gold Rush. The company said it has significantly expanded its gold-bearing conglomerate portfolio.Investo...Read More
Nighthawk Gold's exploration camp for its Colomac Project in the Northwest Territories. Source: Nighthawk Gold Corp.Nighthawk Gold Corp. [NHK-TSXV; MINZF-OTC] on Tuesday May 22 announced results from ongoing preliminary testwork its 100%-owned Colomac gold project in the Northwest Territories.Nighthawk Gold is taking a fresh look at Colomac amid speculation that former operator Royal Oak Mines may...Read More
Via Sovereignman.comWe just finished a really -sensational- conference here in San Juan over the weekend showcasing Puerto Rico... with all of its challenges and opportunities.We've talked about this before- Puerto Rico is an attractive place to live and do business thanks to some forward thinking tax incentives which stem from its unique status as a US territory.All US territories, including Puer...Read More