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
The Managing Director of Sukari Gold Mining Company, Youssef el-Raghy, told Egypt Today that the first large-scale modern gold mine in Egypt has produced 106.7 tonnes of the yellow metal since it started operations in 2010.In Q1 2018, the mine produced 124,296 ounces, some 30,000 ounces below Q4 2017 levels but a 14 per cent increase y-o-y. "Production was below expectations due to a 23 per cent d...Read More
The Managing Director of Sukari Gold Mining Company, Youssef el-Raghy, told Egypt Today that the first large-scale modern gold mine in Egypt has produced 106.7 tonnes of the yellow metal since it started operations in 2010.In Q1 2018, the mine produced 124,296 ounces, some 30,000 ounces below Q4 2017 levels but a 14 per cent increase y-o-y. "Production was below expectations due to a 23 per cent d...Read More
The Managing Director of Sukari Gold Mining Company, Youssef el-Raghy, told Egypt Today that the first large-scale modern gold mine in Egypt has produced 106.7 tonnes of the yellow metal since it started operations in 2010.In Q1 2018, the mine produced 124,296 ounces, some 30,000 ounces below Q4 2017 levels but a 14 per cent increase y-o-y. "Production was below expectations due to a 23 per cent d...Read More
The Managing Director of Sukari Gold Mining Company, Youssef el-Raghy, told Egypt Today that the first large-scale modern gold mine in Egypt has produced 106.7 tonnes of the yellow metal since it started operations in 2010.In Q1 2018, the mine produced 124,296 ounces, some 30,000 ounces below Q4 2017 levels but a 14 per cent increase y-o-y."Production was below expectations due to a 23 per cent de...Read More
A Honduran judge has temporarily blocked a Canadian-listed miner from exhuming dozens of human remains at a more than 200-year-old cemetery in the Central American country to make way for a gold mine, a lawyer for the local citizens said on Friday.Since 2016, Minerales de Occidente (MINOSA), the Honduran subsidiary of Aura Minerals, has angered the citizens of the town of Azacualpa by removing ove...Read More
A Honduran judge has temporarily blocked a Canadian-listed miner from exhuming dozens of human remains at a more than 200-year-old cemetery in the Central American country to make way for a gold mine, a lawyer for the local citizens said on Friday.Since 2016, Minerales de Occidente (MINOSA), the Honduran subsidiary of Aura Minerals, has angered the citizens of the town of Azacualpa by removing ove...Read More
Barrick Gold, Randgold Resources, Newmont Mining, Freeport McMoran and Goldcorp all make the short list for stocks to consider in this commodity segment -- but which of them are best positioned to prosper?Read full newsRead More
Rescuers searching for three Polish miners trapped almost a kilometre underground since a tunnel collapsed eight days ago have found two bodies, taking the death toll from the incident to four, coal company JSW said on Sunday.One man is still missing at the Zofiowka mine in southern Poland, which was struck by an earthquake on May 5, initially trapping seven miners. Two were found dead and two oth...Read More
Barrick Gold, Randgold Resources, Newmont Mining, Freeport McMoran and Goldcorp all make the short list for stocks to consider in this commodity segment -- but which of them are best positioned to prosper?Read full newsRead More
Police say the practice could damage rivers which are protected from anything that damages them.Read full newsRead More
Individuals thought to be finding flecks of gold at Afon Wen but police say there is no gold rushRead full newsRead More
Randgold Resources Ltd. fell the most in 18 months in London after a series of setbacks across its African mines hit both earnings and gold production.Read full newsRead More
Barrick Gold, Randgold Resources, Newmont Mining, Freeport McMoran and Goldcorp all make the short list for stocks to consider in this commodity segment -- but which of them are best positioned to prosper?Read full newsRead More
Barrick Gold, Randgold Resources, Newmont Mining, Freeport McMoran and Goldcorp all make the short list for stocks to consider in this commodity segment -- but which of them are best positioned to prosper?Read full newsRead More
The Trump administration has had a significant impact on the markets. No individual in the world holds as much influence over the markets as does President Trump. One simple tweet can lead to significant market fluctuations.In Canada, companies have been impacted by the uncertainty of NAFTA negotiations and the proposed tariffs on imported steel. Some will be negatively impacted, while others stan...Read More
Via Alt-Market.comIt is at times frustrating, but also interesting, to witness the progression of the mainstream's awareness of economic crisis within the U.S. over the years. As an alternative economist, I have had the "privilege" of perching outside the financial narrative and observing our economy from a less biased position, and I have discovered a few things.First, the mainstream economic med...Read More
(IDEX Online) - ALROSA sold $396.2 million of rough stones last month, and $1.978 billion worth in the January-April period. "In January-April, world markets saw consistent high demand for rough diamonds," said ALROSA Deputy CEO Yury Okoemov. "In April, the diamond trade traditionally slowed down due to seasonality. Nevertheless, demand and sales results were good enough for this month, sup...Read More
(IDEX Online) - The second edition of CARAT+ recorded a total of 3,829 visitors during the three-day event, up from 2,927 last year, the organizers said. Among the visitors were diamond professionals, buyers and members of the press from 50 countries, including India, Hong Kong, Japan, China, Israel, the United Arab Emirates, the United States and the United Kingdom. "Despite this y...Read More
Via Alt-Market.comIt is at times frustrating, but also interesting, to witness the progression of the mainstream's awareness of economic crisis within the U.S. over the years. As an alternative economist, I have had the "privilege" of perching outside the financial narrative and observing our economy from a less biased position, and I have discovered a few things.First, the mainstream economic med...Read More
Barrick Gold, Randgold Resources, Newmont Mining, Freeport McMoran and Goldcorp all make the short list for stocks to consider in this commodity segment -- but which of them are best positioned to prosper?Read full newsRead More