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
World's No.2 miner Rio Tinto (LON, ASX:RIO) said Tuesday that cost inflation driven by rising oil prices and a resurgence of resource nationalism are increasingly affecting mining companies' investment decisions.Speaking at the Bank of America Merrill Lynch conference in Miami, chief executive Jean Sebastien-Jacques said he remained optimistic about the medium to long-term global growth outlook...Read More
The bullish momentum in this triple-leveraged ETF has been unprecedentedThe perennial cautionary note on leveraged exchange-traded funds (ETFs) is that they're not well-suited to trading time frames of more than a day. That's because these instruments are designed to deliver double or triple the underlying index's daily return, but the effects of compounding will warp the relationship between leve...Read More
The answer depends a lot on how much you're willing to spend to find it.Read full newsRead More
World's largest mortgage bankers- Fannie Mae and Freddie Mac, would soon go bankrupt.No one believed Porter Stansberry nine years ago.As head of one of America's largest independent financial research firms, Mr. Stansberry's work back in 2008 led him to a bold, but worrisome, conclusion:That the world's largest mortgage bankers- Fannie Mae and Freddie Mac, which at the time were responsible for ne...Read More
The answer depends a lot on how much you're willing to spend to find it.Read full newsRead More
A 48-year-old German motorist died when his Telsa Model S crashed into a highway guardrail near the Swiss town of Bellinzona, and burst into flames trapping the driver.Read full newsRead More
Mountain Province Diamonds (TSX, NASDAQ: MPVD) has appointed outgoing Firestone Diamonds (LON:FDI) boss and former De Beers financial chief, Stuart Brown, as its new president and top executive.Brown led Lesotho-focused Firestone since September 2013 and was the main person in charge of securing the funding and building the team that delivered the successful construction and transition to producti...Read More
Mountain Province Diamonds (TSX, NASDAQ: MPVD) has appointed outgoing Firestone Diamonds (LON:FDI) boss and former De Beers financial chief, Stuart Brown, as its new president and top executive.Brown led Lesotho-focused Firestone since September 2013 and was the main person in charge of securing the funding and building the team that delivered the successful construction and transition to producti...Read More
Global miners Glencore and Barrick Gold expect to receive a prospecting license for a nickel joint venture in Tanzania after the government canceled its retention license, Barrick said.Read full newsRead More
Commodities Analysis by Sunshine Profits (Przemyslaw Radomski, CFA) covering: EUR/USD, XAU/USD, XAG/USD, US Dollar Index Futures. Read Sunshine Profits (Przemyslaw Radomski, CFA)'s latest article on Investing.comRead full newsRead More
The GS Mining Company announces the addition of Matt Mason to the team at The Bates Hunter Gold mine effective today.The Moria Token is a crypto-currency issued by the GS Mining Company LLC which operates the historic Bates Hunter gold mine in Colorado.Read full newsRead More
Gold streaming companies are a great way to invest in the precious metal. Here are some of the key benefits you need to know about and the top stocks to consider.Read full newsRead More
The answer depends a lot on how much you're willing to spend to find it.Read full newsRead More
The answer depends a lot on how much you're willing to spend to find it.Read full newsRead More
Shares in struggling South African platinum producer Lonmin (LON:LMI) collapsed Tuesday after Britain's Competition and Markets Authority (CMA) said it was examining whether the company's takeover by Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) would reduce competition.By mid-morning, Lonmin shares had lost 5.6% of their value in London, while Sibanye's were down 4.9% in Johannesburg, even though the...Read More
Shares in struggling South African platinum producer Lonmin (LON:LMI) collapsed Tuesday after Britain's Competition and Markets Authority (CMA) said it was examining whether the company's takeover by Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) would reduce competition.By mid-morning, Lonmin shares had lost 5.6% of their value in London, while Sibanye's were down 4.9% in Johannesburg, even though the...Read More
Shares in struggling South African platinum producer Lonmin (LON:LMI) collapsed Tuesday after Britain's Competition and Markets Authority (CMA) said it was examining whether the company's takeover by Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) would reduce competition.By mid-morning, Lonmin shares had lost 5.6% of their value in London, while Sibanye's were down 4.9% in Johannesburg, even though the...Read More
SHANGHAI, May 15 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index covered lost ground to stand at 92.67 overnight. Base metals saw mixed trading last night. LME nickel surged 3.1%, alunimium gained 1.82% and lead rose over 1% on declining inventory and tight supply. Copper edged down, as LME copper inventorie...Read More
SHANGHAI, May 15 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index covered lost ground to stand at 92.67 overnight. Base metals saw mixed trading last night. LME nickel surged 3.1%, alunimium gained 1.82% and lead rose over 1% on declining inventory and tight supply. Copper edged down, as LME copper inventorie...Read More
SHANGHAI, May 15 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index covered lost ground to stand at 92.67 overnight. Base metals saw mixed trading last night. LME nickel surged 3.1%, alunimium gained 1.82% and lead rose over 1% on declining inventory and tight supply. Copper edged down, as LME copper inventorie...Read More