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
Angola sees no further OPEC cuts in 2018 and Africa's No. 2 crude exporter hopes to join the ranks of gold producers next year as it strives to diversify an economy long based on oil and diamonds, its minerals and petroleum minister said on Tuesday.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
955 workers were trapped in a mine shaft by a power cut on WednesdayRead full newsRead More
Barrick Gold, the world's top miner of the metal, said on Tuesday it is writing down its investment in its Pascua-Lama project in South America to the tune of $429 million in the fourth quarter.The Toronto-based company is reclassifying the gold reserves at the project straddling the border between Chile and Argentina following a January decision by Chile's environmental authority (SMA) or...Read More
Investors took a sledgehammer to the face yesterday as the major averages posted their worst drop in more than six years.The Dow shed 1,175 points (its biggest point lost in history) to close lower by a staggering 4.6%. The S&P 500 wasn't far behind, posting a loss of more than 4%. In a dramatic shift, the major averages flipped from extremely overbought to painfully oversold in a matter of da...Read More
Barely a week after it set another record high, the Dow just suffered its worst one-day loss in its entire history.While the latest turmoil hasn't reached the crisis level by any means, I've been warning about a correction for months.Warnings about an imminent collapse of developed economy stock markets, especially the U.S. markets, have been everywhere.Whether you use Shiller's CAPE ratio, Warren...Read More
“The four most dangerous words in investing: ‘This time it’s different.'”- Sir John TempletonIt was just another down day on Wall Street...The selling was vigorous - yet orderly - for much of the day.But shortly after 3 o'clock yesterday afternoon... the porridge hit the propeller... and a gorgeous patch of holy hell broke loose…The Dow Jones plunged 900 sudden points...Read More
Underground mining at the San Rafael silver-zinc-lead mine in east-central Sinaloa State, Mexico. Americas Silver declared commercial production as of December 19, 2017 at 1,200 tonnes per day. Photo courtesy Americas Silver Corp.Americas Silver Corporation [USA-TSX; USAS-NYSE AMERICAN] is a junior mining company with two important project areas; the Cosal?? District operation in Sinaloa State, Me...Read More
Harvest One Cannabis Inc. (TSXV:HVT) said it believes large-scale outdoor production will significantly reduce production costs compared to indoor cultivationSmallCapPower | February 7, 2018: Harvest One Cannabis Inc. (TSXV:HVT), through its wholly-owned subsidiary United Greeneries (UG), Tuesday provided an update on its facilities and expansion targets. Harvest One is targeting 20,000 kg of drie...Read More
Anaconda Mining's Point Rousse gold mine on the Baie Verte Peninsula, Newfoundland. Source: Anaconda Mining Inc.Anaconda Mining Inc. [ANX-TSX, ANXGD-OTC], on Wednesday announced assay results for the first five holes of an ongoing 6,000-metre diamond drill program at the company's Goldboro Project in Nova Scotia.Highlights from this drill program include multiple occurrences of visible gold. Ass...Read More
Mining's Santander zinc mine in west-central Peru. Source: Trevali Mining Corp.TD Securities is bullish on the outlook for the price of zinc and says Trevali Mining Corp. [TV-TSX, Lima; TREVF-OTCQX, 4T1-FSEt] remains its preferred way to gain exposure to the metal. The investment firm has upped its stock price targets for Trevali and a number of other players in the sector after increasing its zin...Read More
Via Sovereignman.comThe United States Court of Appeals for the First Circuit gave us an interesting glimpse of the future last week when it ruled on an obscure case involving government pension obligations.Ever since the mid-1990s, police officers and fire fighters in the town of Cranston, Rhode Island had been promised state pension benefits upon retirement.But, facing critical budget shortfall...Read More
VANCOUVER, BRITISH COLUMBIA / February 7, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to announce that 100% wholly-owned subsidiary ZincNyx Energy Solutions, Inc. ("ZincNyx") has received notice of publication of its patent describing metal-air fuel cells under the Patent Cooperation Treaty (PCT/CA2016/051080). The patent application has entere...Read More
Full Article: Buy This While It's Still CheapBy: Doug CaseyThe trending investment themes today, like cryptocurrencies and marijuana stocks, are too overbought to get in right now, said best-selling author Doug Casey."I'm up maybe 50 to one on [bitcoin]" Casey told Kitco News on the sidelines of the Vancouver Resource Investment Conference, "but I can't recommend something to people after it's go...Read More
(IDEX Online) - De Beers may investigate mining opportunities in Zimbabwe and in the Democratic Republic of Congo following the resumption of exploration for diamonds in South Africa's Northern Cape. "I'm excited about what I'm seeing in Zimbabwe," Phillip Barton (pictured above), chief executive officer of De Beers' South African unit, told Bloomberg News. "If we get licenses, we would hav...Read More
(IDEX Online) - The Israel Diamond Exchange (IDE) officially launched its new innovation center, Diamond Tech, on the second day of the 7th International Diamond Week (IDWI). The technological incubator, located within the IDE complex, will host and support diamond related start-ups in a variety of fields, the IDE said. Through this initiative, IDE will promote new technologies that...Read More
(IDEX Online) - Stargems Group, one of the UAE's leading international diamond companies, in collaboration with SACIM SARL (Anhui-Congo Mining Investment Company) tendered 641,962 carats of high-quality rough in the Emirate. Stargems has decided to expand into the diamond tendering business as the company envisions huge potential due to the growing diamond trade in Dubai, it said. M...Read More
(IDEX Online) - The Indian Diamond & Colorstone Association hosted its 34th Annual Tucson Awards Gala at the AGTA Gemfair, honoring Temple St. Clair with its Designer of the Year award. Temple St. Clair said she was overwhelmed by the honor. She recounted how 30 years ago she travelled throughout India and was inspired by the art, architecture and antiques, which became the starting poi...Read More
SHANGHAI, Feb 7 (SMM) – All nonferrous metals futures, except tin, closed lower on Wednesday February 7. SHFE tin edged up 0.79%. SHFE lead led the loss with a 1.5% drop while zinc and copper were down 1%.Coke led the gains in the ferrous complex by jumping 2%, while iron ore was up almost 1%. Both rebar and hot-rolled coil edged down.Copper: SHFE copper continued to see downward correc...Read More
SHANGHAI, Feb 7 (SMM) – All nonferrous metals futures, except tin, closed lower on Wednesday February 7. SHFE tin edged up 0.79%. SHFE lead led the loss with a 1.5% drop while zinc and copper were down 1%.Coke led the gains in the ferrous complex by jumping 2%, while iron ore was up almost 1%. Both rebar and hot-rolled coil edged down.Copper: SHFE copper continued to see downward correc...Read More