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
Rick Rule, Jim Rickards and Peter Hug shared gold market insights for the coming year in a Vancouver Resource Investment Conference panel.Read full newsRead More
Brent Cook and Joe Mazumdar of Exploration Insights talk about the junior resource space, exploration and their current top stock picks.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
Globe Competency Assurance hosted a delegation from Claycrete Zambia and the Zambian National Service in Perth, WA today to support a large-scale 'Road Rehabilitation Project' commencing shortly in rural Zambia. The project, to be partially funded by the World Bank and African Development Bank, seeks to rehabilitate 10,000 km of rural road by 2021 using an Australian patented road improvement sys...Read More
(TSXV:NRG) (OTC PINK: NRGOF) (FRANKFURT: X6C) - Newrange Gold Corp.('Newrange' or the 'Company') is pleased to announce its trading symbol on the OTC Pink Market has been changed to NRGOF (from CMBPF) effective at the market open today.Read full newsRead More
The Dow explored both sides of breakeven today, trading in a range of almost 300 points before eventually settling in positive territory. A strong earnings move and all-time high from Facebook (FB) provided a lift for the broader market, but concerns about rising interest rates and a surprisingly weak productivity report contained the momentum in equities. The attention will likely stay on the tec...Read More
Angkor Gold Corp. (TSX-V:ANK) and (OTC:ANKOF) ("Angkor" or "the Company") CEO Mike Weeks is pleased to provide an update of activities on its 100% owned Cambodian gold and copper projects and exploration activities with Japan Oil, Gas and Metals National Corporation (JOGMEC) and Emerald Resources NL.Read full newsRead More
Enforcer Gold Corp ('Enforcer' or the 'Company') (TSXV:VEIN)is pleased to report it has added 19,352 hectares (47,818 acres) to its land position at the Montalembert gold project for a total land holding of 26,645 hectares (65,839 acres).Read full newsRead More
OSPREY GOLD DEVELOPMENT LTD. (TSXV: OS) (OTCQB: OSSPF) (the 'Company' or 'Osprey') is pleased to announce that the non-brokered private placement offering of up to 13,333,333 units at $0.075 per unit for gross proceeds of up to $1,000,000 previously announced in the Company's news release of January 19, 2018 (the 'Private Placement') has been increased to up to 1...Read More
Concerted global economic growth could hit 4% and top commodities consumer China is set to expand at a 6.6% clip this year according to the IMF and others.Factories around the world are buzzing - the global JP Morgan manufacturing PMI entered the year at its highest since February 2011.The LME index of base metals has climbed to the highest since 2014. Given its widespread use copper is considered...Read More
U.S. stocks are mixed this afternoon, as the major equity indexes struggle to start the new month on a positive note. Among the stocks making notable moves today are game developer The9 Limited (NASDAQ:NCTY), medical device concern ReWalk Robotics Ltd. (NASDAQ:RWLK), and software company Open Text Corp. (NASDAQ:OTEX). Here's a closer look at what's moving shares of NCTY, RWLK, and OTEXtoday.NCT...Read More
We recently examined a bullish extreme in the weekly Investors Intelligence (II) sentiment survey, as the "bulls minus bears" percentage ramped above 50% for the first time since 1987 (a calendar year that's likely to bring up some unpleasant associations for most investors). This week, as the II bulls-bears line remains unusually high, here's a sobering angle on this rampant investor optimism.Bul...Read More
Gold futures notched a second straight gain on Thursday, finding support on the back of a weaker dollar even after the Federal Reserve said it expects inflation "to move up this year" in a sign it is likely to hike rates at its next meeting in March. Read: Fed takes step toward rate increase as baton set to pass to Powell Analysts said the March hike is likely widely priced in to trading. For n...Read More
The main U.S. stock market indexes gained 0.1-0.3% on Wednesday, as they fluctuated following recent move down. Investors were uncertain ahead of quarterly earnings, FOMC Rate Decision, economic data releases. The S&P 500 index remained below its Tuesday's relatively big daily gap down. It currently trades around 2.1% below its January 26 record high of 2,872.87. Yet, it remains 4.7% above its...Read More
Renforth Resources Inc.(CSE:RFR) ("Renforth" or the "Company") is pleased to announce that 33 whole or fractional claim units have been staked and 25 whole or fractional claim units acquired, increasing the size of the southern portion of the New Alger Property.Read full newsRead More
SANTIAGO, Feb 1 (Reuters) - The powerful union at BHP's Escondida copper mine, the world's largest, on Wednesday cast doubt on chances of starting talks on a new labor agreement with the company before formal negotiations scheduled for June.The 2,500-member Union 1, which held a strike for 43 days last year and cost BHP Billiton an estimated $1 billion, also questioned in a letter to members the l...Read More
JOHANNESBURG, Feb 1 (Reuters) - Glencore on Thursday said copper output in 2018 should rise to nearly 1.5 million tonnes as its Katanga mine in Democratic Republic of Congo ramps up to add roughly 150,000 tonnes, as well as 11,600 tonnes of cobalt.During the commodities crash in 2015, Glencore reduced output of commodities including zinc and copper and shut its Katanga operation in Congo for an up...Read More
Ferrari N.V. (NYSE:RACE) is trading up 7.2% today at $128.15 after the company said 2017 was a record year, while announcing plans to double its core earnings by 2022. This brings the stock's one-year gain to 107% and it earlier traded at a record high of $129.87. In the meantime, RACE shares have been crushing short sellers, who've continued betting against the equity in recent months. Looking cl...Read More
Las Vegas, NV - Barrick Gold Corporation has joined forces with Cisco, Switch and Unearthed to provide Nevada's innovation and tech community with a premier opportunity to build skills, scale ventures and engage with great talent."Barrick is excited to host the state's first global mining hackathon in Las Vegas," said Michael Brown, President, Barrick USA. "We are at the forefront of transforming...Read More
Despite stock futures signaling another big sell-off ahead of the bell, the major equity benchmarks are holding their own at midday. The Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are modestly higher, while the Nasdaq Composite (IXIC) has clawed its way onto positive ground. In the wake of a remarkably strong January performance for stocks, traders today are weighing lackluste...Read More