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
It's the story of the weekend. Even if you don't follow the Royals, you probably got a glimpse of Prince Harry and Meghan Markle's wedding somewhere.One of the most important elements in the ceremony was the wedding ring, particularly the one given to the bride. Similar to her engagement ring and following a 100-year-old tradition, Markle's band was fashioned from a piece of Welsh Gold, gifted by...Read More
It's the story of the weekend. Even if you don't follow the Royals, you probably got a glimpse of Prince Harry and Meghan Markle's wedding somewhere.One of the most important elements in the ceremony was the wedding ring, particularly the one given to the bride. Similar to her engagement ring and following a 100-year-old tradition, Markle's band was fashioned from a piece of Welsh Gold, gifted by...Read More
It's the story of the weekend. Even if you don't follow the Royals, you probably got a glimpse of Prince Harry and Meghan Markle's wedding somewhere.One of the most important elements in the ceremony was the wedding ring, particularly the one given to the bride. Similar to her engagement ring and following a 100-year-old tradition, Markle's band was fashioned from a piece of Welsh Gold, gifted by...Read More
"The agreement lasts until the end of the year. In June, we can discuss, among other issues, a question about reduction of some quotas during this time, if it is expedient from the market's point of view,"Read full newsRead More
COLORADO SPRINGS - Gold Resource Corp. recently obtained all regulatory approvals required for the Isabella Pearl open pit heap leach gold project in Mineral County.Read full newsRead More
COLORADO SPRINGS - Gold Resource Corp. recently obtained all regulatory approvals required for the Isabella Pearl open pit heap leach gold project in Mineral County.Read full newsRead More
Invitae reported $1.6 million in revenue in 2014. This year it expects more than $130 million.Read full newsRead More
Chromium and cyanide had been improperly handled and seeped into rivers used for drinking water in Kratie and Mondulkiri.Read full newsRead More
COLORADO SPRINGS - Gold Resource Corp. recently obtained all regulatory approvals required for the Isabella Pearl open pit heap leach gold project in Mineral County.Read full newsRead More
The price of gold plunged below the $1,300 per ounce level May 15, taking mining companies' stock down with it.Read full newsRead More
(Adds details)NEW DELHI, May 18 (Reuters) - Vedanta Resources Plc's VED.L shutdown of its South Indian copper smelter, one of India's biggest, is causing a copper deficit and increased prices in India, its subsidiary Vedanta Ltd said on Friday.The smelter, located in a sleepy port city near the tip of the Indian peninsula, has a share of about 35 percent in the India's primary copper market and...Read More
NEW DELHI, May 18 (Reuters) - Vedanta Resources Plc's VED.L shutdown of its South Indian copper smelter, one of India's biggest, is causing a copper deficit and increased prices in India.The smelter, located in a sleepy port city near the tip of the Indian peninsula, has a share of about 35 percent in the India's primary copper market and exports mainly to Gulf and Asian countries, Vedanta says....Read More
Investing.com - Demand for gold fell on Friday, amid a strengthening U.S. dollar.Comex gold futures for June delivery were down 0.08% to $1,288.40 a troy ounce as of 10:13 AM ET (14:13 GMT).The price of bouillon was driven lower by the rise in the greenback and increase in bond yields.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was...Read More
Investing.com - Gold prices remained lower on Friday, held back by rising Treasury yields and a stronger dollar.Comex gold futures for June delivery were down 0.12% to $1,287.90 a troy ounce as of 10:33 AM ET (14:33 GMT).The price of bouillon was driven lower by the rise in the greenback and increase in bond yields.The U.S. dollar index, which measures the greenback’s strength against a bask...Read More
The world economy seems to be picking up-but so what? Investors have become used to a depressed TSX and a gloomy world outlook.The GDP is rising, and spending is up, up, up. And yet it's still technically a bear economy, as investors continue to shrug their shoulders and drag their heels. In large part, this is due to a certain someone south of the border stirring up the markets coupled with incre...Read More
Via Alt-Market.comIt is often said that "other-izing" people overall can be dangerous and other-izing your enemies specifically can be tactically detrimental. For one, it can lead to a false sense of superiority over those people as you assert some kind of imagined genetic advantage. It can also lead to dangerous generalizations of vast groups as you categorize and pigeonhole millions as being exa...Read More
The stock market mostly paused Thursday through Friday, with a slight uptick, as options expired on Friday. I suspect the Fed held off draining reserves until options expired and big investment banks reduced their exposure to options. Options are a liability to investment banks, especially in big market movements.Meanwhile, oil prices continue to dominate the market.OPEC has to love this situation...Read More
The Dow managed a small win todayIt was a quiet end to the trading week, with the major stock indexes failing to make a big move in either direction. Uncertainty surrounding the ongoing trade discussions with China mostly kept buyers on the sidelines, and pullbacks in tech and red-hot energy stocks weighed, as well. As such, the S&P 500 and Nasdaq both failed to chip away at their weekly deficits,...Read More
Carl Icahn came out swinging against the AmTrust Financial boardStocks are a mixed bag this afternoon, as traders weigh some lackluster big-cap earnings against renewed trade concerns with China. Among stocks making particular noise today, Google parent Alphabet Inc (NASDAQ:GOOGL) and retailer Nordstrom, Inc. (NYSE:JWN) are headed lower, while banking concern AmTrust Financial (NASDAQ:AFSI) is...Read More
The World Gold Council today launched a one-off essay collection, Gold 2048, bringing together industry-leading experts from across the globe to analyse how the gold market is set to evolve in the next 30 years.Key conclusions emerging from authors such as George Magnus, senior economist; Rick Lacaille, Global Chief Investment Officer of State Street Global Advisors; and Michelle Ash, Chief Innova...Read More