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

This is an increase on the previous cycle's $524 million but an 18% and 2.3% drop from the first and second cycles of the year, respectively, with the first cycle usually getting a boost because of the post-Christmas restock, De Beers said.Read More

SHANGHAI, May 22 (SMM) – Zinc social inventories shrank during the last weekend with fewer deliveries arriving in China’s three major markets, SMM learned. Overall zinc inventories in warehouses across Shanghai, Tianjin and Guangdong stood at 129,400 mt as of Monday May 21, down 2,100 mt from last Friday. It was also down 9,900 mt from the start of last week, according to SMM data...Read More

SHANGHAI, May 22 (SMM) – Copper: LME copper stuck between all moving averages with support at the 40-day moving average overnight. It rebounded and closed higher at $6,898/mt after it dipped twice as the US dollar gained and LME copper inventory registered a fourth consecutive day of gain of 1,425 mt. We see it rising to $6,870-6,930/mt today as pressure from shorts let up. Th...Read More

SHANGHAI, May 22 (SMM) – Copper: LME copper stuck between all moving averages with support at the 40-day moving average overnight. It rebounded and closed higher at $6,898/mt after it dipped twice as the US dollar gained and LME copper inventory registered a fourth consecutive day of gain of 1,425 mt. We see it rising to $6,870-6,930/mt today as pressure from shorts let up. Th...Read More

One of the first things I learned as a registered Washington lobbyist, (yes, I admit it, I was a lobbyist in the 1990s), is "you can't beat something with nothing."That's a Washington insider's way of saying that if you don't like an opponent's policies, it's not enough to moan and complain about them and throw insults. You have to come up with a policy of your own that appeals to voters and can b...Read More

The stone was a 115ct top white colour type 2a diamond.Others found this year included the Lesotho Legend, an exceptional quality 910ct D colour Type 2a diamond, which was the second largest diamond recovered in the past century and the largest recovered at Letšeng to date. It was sold in March for US$40 million.Others recovered included top white colour type 2a diamonds of 169ct and 152ct...Read More

Alice in Wonderland's White Queen believed six impossible things before breakfast.Today's guardians of opinion demand we believe a six more… and another dozen by lunch.That the mainstream news is precisely and invariably accurate, for example.That deficits do not matter.Or that a man offered $15 an hour to loaf will decline it for a job that only pays him $10.Thus we arrive at the glittering...Read More

The stone was recovered during the first two days of trial processing through the bulk sampling plant after recent efficiency and security upgrades and came from the "neck zone" of the mine, which is not part of the current over 1 million carat JORC resource.It also recovered a 6ct diamond from the same zone during the trial processing.Once the plant's modifications are signed off, it will start p...Read More

Now in its third year, the search aims to showcase the impact and contribution of women within the global mining industry and identify inspirational role models.The 2018 edition is co-sponsored by BMO Capital Markets and is open to any women in the mining sector, including related or supportive industries."As ever, WIM is keen to see the full array of natural resource sector roles represented in t...Read More

Virginia Uranium says the state's ban on uranium mining is pre-empted by federal law and had filed the petition for writ of certiorari, to appeal an earlier court decision that found against the company.It is a subsidiary of Virginia Energy Resources (TSXV: VUI) which owns the Coles Hill uranium deposit that it has described as the largest undeveloped uranium deposit in the US and one of the large...Read More

Russian diamond miner Alrosa has successfully held its first auction in two years in the US, following the recent reopening of its representative office in New York.The New York office was first opened in 2006, but has not operated since 2016.AdvertisementAlrosa re-entered the market with an auction from April 23 to May 11, which netted $10.38-million. The company sold 63 lots comprising 1 04...Read More

Back in April, I sent out an update to JMM subscribers outlining the news out of Russia that sent uranium stocks noticeably higher.Since then, the stocks have once again consolidated but looked poised to continue higher.Some of the consolidation is due to news from Reuters that Kazakhstan's state uranium miner, KazAtomProm, had delayed its plans to list in London this year due to falling prices of...Read More

Everyone in the market asks the same question.I do. So does everyone I work with. So do Buffett, Soros, Paulson, investment bankers, and everyone with money to save.Any attempt at nuance in your answer to "The Question" has seemed like equivocation over most of the last decade. Even the pros just wanted the elevator pitch."What's your favorite [stock/ sector/ trend/ etc.]?"Money poured in and debt...Read More

Lobo Tiggre, better known by his pen name Louis James, explains why he decided to start his own business and what topics he plans to cover at his new venture.Read full newsRead More

Last week's other top-gaining mining stocks on the TSXV were Teras Resources, Plateau Energy Minerals, Thor Explorations and Zenyatta Ventures.Read full newsRead More

The Dow had its best finish in two monthsThe Dow rallied today, gaining roughly 300 points and topping the 25,000 level for the first time since mid-March. Stocks reacted to Treasury Secretary Steve Mnuchin'scomments that the trade war with China is "on hold" for the moment, news that resulted in big days from names like Caterpillar (CAT) and Boeing (BA). Fellow blue chip General Electric (GE) als...Read More

Last week's other top-gaining mining stocks on the TSX were Lithium Americas, Western Copper and Gold, Leagold Mining and Ivanhoe Mines.Read full newsRead More

Nabriva's pneumonia drug is causing several ugly side effectsStocks are soaring this afternoon, as traders cheer the alleviated trade war concerns between the U.S. and China. It's not all sunshine and rainbows, however, with biotechs Nabriva Therapeutics(NASDAQ:NBRV), Dova Pharmaceuticals Inc (NASDAQ:DOVA), and Celgene Corporation (NASDAQ:CELG) all pointed lower. Here's a closer look at what h...Read More

The short seller initially took aim at SHOP in late MarchShort seller Citron Research initially took aim Shopify Inc (NYSE:SHOP) back in late March, saying the shares should be trading at $100 and predicting Facebook-related headwinds. Today, Citron circled back with another tweet, claiming a Wall Street Journal article on merchandise flipping "validates our research" on Shopify. Against this back...Read More

HEAR doesn't trade options, howeverHeadset maker Turtle Beach Corporation (NASDAQ:HEAR) has delivered the types of short-term gains that stock pickers dream about. At $16.58, the shares have risen more than 800% year-to-date, thanks mostly to the explosion in popularity for games like Fortnite, which helped the company deliver a brow-raising earnings beat a couple weeks back. Following that earni...Read More