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
Precious metals producer Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) said Thursday it had received approval from South African competition authorities to exchange selected assets for a 38% stake in South African DRDGOLD Ltd. (DRD), in a deal valued at R1.3 billion (roughly $108 million at today's rates).Deal gives Sibanye-Stillwater the option to increase its stake in DRDGold to 50.1%The company, Sou...Read More
Canada's Northern Vertex Mining is ramping up production at its Moss gold-silver project towards an initial stacking rate of 2,500 tpd, to later reach 5,000 tpd.Read full newsRead More
LOVELOCK - An agency that encourages stewardship over prohibition is the Environmental Protection Agency that Administrator Scott Pruitt represented to the Nevada mining industry on Feb. 5.Read full newsRead More
VANCOUVER, British Columbia, Feb.05, 2018(GLOBE NEWSWIRE) -- First Mining Gold Corp. ("First Mining" or the "Company") (TSX:FF) (OTCQX:FFMGF) (Frankfur...Read full newsRead More
I'm not so sure investors are prepared for an actual market pullback. It was nearing the end of January and the Dow had just broken above 26,000 for the first time ever. But the stock market turned lower after hitting new all-time highs and finished the day in the red.As far as reversals go, it was a tame one. Stocks even opened higher the very next day. But we could sense some mild panic beginnin...Read More
Dear Reader,“Volmageddon”+2.Stocks mounted a heroic charge yesterday… like cavalry answering the bugle at a desperate moment.The bears threw down their arms... and took to their heels.The Dow regained 567 points when the smoke cleared yesterday afternoon.The major averages opened higher again this morning… before the bears counterattacked later in the day.The Dow, the S&...Read More
The last few trading days have given investors quite a ride.It's no secret Friday-to-Monday's sell-off scarred many retail investors out of the market. As share values dipped across every sector, biotech investors felt the pain too.It all started last Friday. Market reaction to rumors of the Federal Reserve's planned rate hikes kicked off a frenzy of selling.For two days we were harshly reminded w...Read More
1,597.08That’s how far the Dow Jones Industrial Average fell on Monday before rebounding a bit into the close.Investors freaked out - even the professionals!Just for a little comedic relief, I flipped on CNBC in my office to see how the talking heads were handling the crisis. And true to form, most of them were yelling questions at each other with very few answers for investors.Yes, the Dow&...Read More
Investing.com - Gold prices edged higher on Wednesday, bouncing off the prior session's three-week low as focus remained on U.S. stocks, which were the source of the latest turbulence in global markets.Comex gold futures were at $1,333.00 a troy ounce by 3:10AM ET (0810GMT). That was up around $3.00, or 0.25%, from their last settlement. Prices touched their lowest since Jan. 12 at $1,322.80 in th...Read More
Photo-map of Integra Resources' Florida Mountain and DeLamar projects. Source: Integra Resources Corp.Integra Resources Corp. [ITR-TSXV.ITR, IRRZF-OTCQB] said Thursday February 8 that it has completed a maiden NI 43-101-compliant resource estimate for its newly acquired Florida Mountain Gold and Silver Project in southwestern Idaho.Florida Mountain is located 8.5 km east of Integra's DeLamar Gold...Read More
Radient Technologies Inc. (TSXV:RTI) recently received licensed dealer status in Canada and expects to receive a license to manufacture cannabis products this yearSmallCapPower | February 8, 2018: Radient Technologies Inc. (TSXV:RTI) announced recently that its application for the Controlled Drugs and Substances License has been approved by Health Canada. The license grants the Company the statu...Read More
Sampling an outcrop at Sunvest's Clone Project in the BC's Golden Triangle region. Source: Sunvest Minerals Corp.Sunvest Minerals Corp. [SSS-TSXV, OTC-SRKZF] said Thursday February 8 that it has received additional assay results from sampling of historic drill core from its Clone Project located near Stewart in the Golden Triangle region of northwestern British Columbia.The company said core assay...Read More
Visible gold from drill core at the Clarence Stream ProjectIt is rare that investors gain exposure to both a rising zinc and gold price in a single exploration company. But that is exactly what is on offer at Galway Metals Ltd. [GWM-TSXV; GAYMF-OTC], a well-financed Canadian exploration company with two high-grade properties in New Brunswick and Quebec.Headed by highly experienced management, Galw...Read More
For a long time, homeopathic medicines have not been subject to FDA approval. Now the FDA says homeopathic treatments must follow the same rules as typical drugs. This includes the tens of millions of dollars to run clinical trials to get FDA approval.The main problem the FDA has is the unproven claims that homeopathic treatments make. They say that claiming without proof that a certain remedy can...Read More
Full Article/Video: Gold Will Be Overnight Success, 30 Years In MakingBy: Vince LanciGold has been "benignly ignored" during the recent equities selloff, according to one veteran trader. "Gold is being purely a proxy for the dollar, which is commanding more demand by people in a panic," Vince Lanci, founder of Echobay Partners, told Kitco News.According to the trader, the yellow metal will likely...Read More
On Thursday gold lifted from the 2018 low the metal struck yesterday, exchanging hands for $1,320.40 near the close of trading.Despite recent weakness gold is still up by $75 an ounce since mid-December after large-scale speculators increased their exposure to gold on derivatives markets for the seventh week in a row. Hedge funds have more than doubled net long positions - bets that gold will be m...Read More
To refine and improve the execution of recruitment in the mining industry, mining and engineering professionals recruiter TrueVine Consulting has developed an innovative online recruitment platform, called Digger. “Digger is a digital recruitment, talent management and staff retention solution or application (app) specifically for the mining industry,” Digger cofounder and TrueVine Con...Read More
(IDEX Online) - ALROSA has held an annual meeting with its long-term clients, the first meeting of the new three-year client period which started last month. During the meeting, representatives of all the companies had an opportunity to discuss with ALROSA's management their work in the new contract period, trends and challenges of the global diamond market, the miner reported. ...Read More
LONDON – A flawless diamond, the size of a large strawberry, is expected to fetch a world record price when it goes on sale at Sotheby's in London this month.Weighing just over 102 ct, the round, brilliant white stone is smaller than a 163-ct oval diamond sold in Hong Kong in 2013, which currently holds the record price per carat.AdvertisementBut Sotheby's, which also handled that Ho...Read More
(IDEX Online) - The value of diamonds traded in Antwerp slipped to $46 billion last year from $48 billion in 2016, the Antwerp World Diamond Centre (AWDC) reported. However, 233.6 million carats of diamonds were imported to and exported from Antwerp, representing an increase in the volume of diamonds traded, with a particularly notable increase in the rough diamonds sector, the AWDC said. &...Read More