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 metal miner Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) said Friday all the workers that were trapped since Wednesday night at its Beatrix gold mine in South Africa have been rescued.Nearly 1,000 miners got stuck underground for more than 24 hours after a storm knocked out power lines supplying electricity to Beatrix. Emergency power supply from backup generators enabled 64 employees to ret...Read More
About 950 gold miners were stuck underground in South Africa on Thursday after a power cut, the mine's owner said, though the workers were not reported to be in immediate danger.The Sibanye-Stillwater mining company said a massive power outage caused by a storm had prevented lifts from bringingRead full newsRead More
A storm knocked electricity out, preventing lifts from bringing nightshift workers to the surface.Read full newsRead More
South African media say about 900 miners are trapped underground at a gold mine after a shaft elevator stopped working because of a power outage.Read full newsRead More
About 950 gold miners remained trapped in a gold mine in the Free State province of South Africa Thursday, after a storm knocked out the electrical supply.Read full newsRead More
The optimistic outlook for gold makes now the time to acquire mining junior Seabridge Gold Inc. (TSX:SEA)(NYSE:SA).Read full newsRead More
A storm has knocked out power to a gold mine in South Africa's Free State province, trapping 950 workers underground. The company insists the miners are not in danger, but their union is extremely concerned.Read full newsRead More
Marin Katusa Marin Katusa started off the 2018 Vancouver Resource Investment conference off in a battle with Rick Rule and Frank Holmes discussing top picks. Marin's picks were no surprise to...Read full newsRead More
Aaron Gentzler: Thanks for making time today with your busy schedule. How's it going down south?Ray Blanco: Doing great down here in Florida. Nice and warm.Aaron Gentzler: Excellent. Always great to hear. Let's get right to it. Today, I want to talk artificial intelligence (AI). Can you give a big picture overview?Ray Blanco: Sure, traditionally the way we've dealt with computers is, you pro...Read More
Short sellers are having a tough time.The market's record-setting run has repeatedly mauled the bears. Investors continue to pile into stocks as they approach nosebleed territory. Few vulnerable plays are offering major paydays for the shorts - until this week.Short sellers just booked $294 million in a single day on a rare triumph against the health care sector. Traders booked their gains on the...Read More
Every investor loves when one of their stocks is bought out for a big, juicy premium.I certainly do.Takeovers are one of the fastest ways to bank BIG gains in less than 24 hours.That's why I am digging into the biotech sector right now. This sector has a serious case of takeover fever.So today, I'm playing doctor to diagnose the two big causes of this takeover fever. And then I'll tell you how to...Read More
Peninsula Energy Ltd (ASX:PEN) has had its buy recommendation reiterated by New York based investment bank H.C. Wainwright & Co.The bank continues to forecast upside with a price target of $1.50 on the shares which are trading at $0.39.Its forecast is supported by Peninsula's long-term uranium contracts and its plan to transition operations at the Lance Projects in Wyoming to a lower pH soluti...Read More
Preparing for the first blast for the twin declines at the Kakula box cut in November 15, 2017 in the DRC. Source: Ivanhoe Mines Ltd.It is often said that what investors fear most is uncertainty. It explains why shares of Ivanhoe Mines Ltd. [IVN-TSX, IVPAF-OTC] have fallen 26% this week (Jan29 - Feb2) amid reports about changes to the mining code in the Democratic Republic of Congo. These changes...Read More
The Hydropothecary Corporation (TSXV:THCX) has ambitious expansion plans that could make it among the top marijuana producers in CanadaSmallCapPower | February 2, 2018: The Hydropothecary Corporation (TSXV:THCX), a premium producer of cannabis focused on product innovation with ~20 medical cannabis products under four product lines (Decarb, H2, Time of Day and Elixir), announced recently the launc...Read More
Source: Gold Standard Ventures Corp.Gold Standard Ventures Corp. [GSV-TSX, GSV-NYSE AMERICAN], a company that is tipped to become one of Nevada's next gold producers, said one of its key shareholders has agreed to participate in a private placement financing deal in order to maintain its current share position in Gold Standard.The news comes just one day after Gold Standard said it is raising $20...Read More
Klondex's Hollister Mine 61.5 miles east of Winnemucca, Nevada. Source: Klondex Mines Ltd.Klondex Mines Ltd. [KDX-TSX, KLDX-NYSE AMERICAN] shares were lower Friday February 2 after the company announced preliminary operating results that failed to match the lower end of Klondex's previous production forecasts.The company also cancelled an investor day conference, scheduled for February 7, 2018, be...Read More
Don’t politicians understand irony!The Polish Senate just passed a bill to make it illegal to claim that Poles were complicit in implementing death camps during WWII in Nazi-occupied Poland.Because nothing proves you’re not a Nazi like being a free-speech Nazi.The bill is expected to be signed by the President of Poland who previously voiced support. The law would make it illegal to...Read More
Full Article: Gold Lunar CyclesBy: CEO TechnicianWhen Bob Moriarty first mentioned moon cycles being a powerful indicator in the gold market I immediately wondered if Bob had spiked his morning coffee with some whiskey. However, after following this indicator for a couple of years I have come to the conclusion that it has some value.Like any indicator it certainly doesn't work 100% of the time,...Read More
JOHANNESBURG (miningweekly.com) - Aim-listed diamond mining company BlueRock Diamonds says it has received notice that its former CEO Riaan Visser, and certain companies controlled by him, intend to apply to place the company's operating Kimberley-based subsidiary, Kareevlei Mining, in provisional liquidation. The company has taken legal advice and is of the view that, based on currently...Read More
JOHANNESBURG (miningweekly.com) - ASX-listed Lucapa Diamond Company and its partners Empresa Nacional de Diamantes and Rosas & Petalas have completed the first sale for 2018 from the Lulo diamond project in Angola, for this year.The sale of 4 170 ct of Lulo diamonds achieved proceeds of $9.14-million, representing an exceptional average price of $2 192/ct.AdvertisementThe latest sale takes tot...Read More