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
Local inhabitants have long taken advantage of these riches. They pan for gold in Asosa's streams and also extract the precious metal directly from outcropping rocks.Read full newsRead More
Bob Moriarty of 321 Gold sees a lot of potential in this company's Nova Scotia and Newfoundland projects.Read full newsRead More
Garibaldi Resources Popular junior mining stock Garibaldi Resources receives some harsh comments from Brent Cook at the 2018 Vancouver Resource Investment Conference. At the Vancouver Resource Inve...Read full newsRead More
LAKEWOOD, Colo., Jan. 23, 2018 /PRNewswire/ -- Pershing Gold Corporation (NASDAQ:PGLC), (TSX:PGLC), (FWB:7PG1) ('Pershing Gold' or the 'Company'), an emergi...Read full newsRead More
Cannabis Wheaton Income Corp. (TSXV:CBW) believes newest streaming partner can set new standards for yields per square foot and operating cash costs per gram for indoor cultivationSmallCapPower | January 29, 2018: Cannabis Wheaton Income Corp. (TSXV:CBW) announced Friday that it has entered into a strategic alliance with IDP Group Inc. and HMT Solutions Inc. (collectively IDP). As part of the bind...Read More
Torex Gold's ELG Mine in southwest Mexico. Source: Torex Gold Resources Inc.Torex Gold Resources Inc. [TXG-TSX; TORXF-OTC] said Monday January 29 that an illegal blockade by an external union has been removed at its ELG Mine Complex in southwest Mexico. Hector Astudillo, the Governor of Guerrero State, acted decisively on January 26, 2018, to lift the illegal blockade by the Los Mineros Union and...Read More
A spodumene outcrop on the 92 Resources Corvette property in Quebec. Spodumene is the hard rock mineral of lithium. Source: 92 Resources Corp.92 Resources Corp. [NTY-TSXV, RGDCF-OTC] said Monday January 29 that it is gearing up to drill its Corvette lithium property in the James Bay Region of Quebec.Investors reacted positively to the news, sending 92 Resources shares up 13.5% or $0.015 to 12.5 ce...Read More
Via Sovereignman.comAfter having traveled to more than 120 countries in my life, the only person I know who's been to more places than I have is Jim Rogers.Jim is a legend- a phenomenal investor, author, and all-around great guy.(His book Adventure Capitalist is a must-read, chronicling his multi-year driving voyage across the world.)Some time ago while we were having drinks, Jim remarked that h...Read More
Full Article: 'Nobody Is Afraid of Anything Right Now'By: Rick RuleGold will do well this year but is not on a verge of a breakout, says Rick Rule, CEO of Sprott U.S. Holdings."Confidence in too many things is too high," Rule told Kitco News on the sidelines of the Vancouver Resource Investment Conference, "gold does well when people are afraid of other stuff." Rule is more upbeat on gold miner...Read More
(IDEX Online) - The first India Diamond Week will be held at the Bharat Diamond Bourse (BDB) in Mumbai, India, from April 25-27. The event will see 200-250 Indian companies displaying polished diamonds to buyers from across the world. Bharat Diamond Bourse Vice-President Mehul Shah, who is heading the India Diamond Week project, said that the BDB will be booking around 100-200 compl...Read More
JOHANNESBURG (miningweekly.com) – After a two-year procrastination, the Department of Mineral Resources (DMR) has approved 16 prospecting licence applications submitted by De Beers Consolidated Mines (DBCM).The licences are all in the Kimberley area of the Northern Cape, where DBCM began mining diamonds 130 years ago. (Also watch attached Creamer Media video. At the time of the video intervi...Read More
(IDEX Online) - Organizers of the Carat+ fair report that feedback from visitors in 2017 has encouraged the specialist loose diamond and diamond jewelry event to hold a curated Colored Gemstones Sector at this year's show. "This carefully curated new show feature will host world-renowned exhibitors, offering a vast array of loose colored gemstones, gemstone sets, fantasy cuts, carvings...Read More
(IDEX Online) - Petra Diamonds reports production up 10 percent to 2,208,056 carats for the half-year 2018 (H1 FY 2017: 2,015,087 carats), in line with H1 guidance of 2.2 - 2.3 Mcts (million carats). This represents record production for any six month period for the company, it added. Petra is guiding for a lower grade at Cullinan, largely offset by a higher average diamond price, resulting...Read More
(IDEX Online) - ALROSA is holding a "She said "YES!" contest for the most creative marriage proposal. The competition started in December 2017 and will last until February 14, with the winner receiving a diamond ring to translate the idea into reality. To date, about 40 have been received. The most original proposal scenario will be followed by the video with participation of real c...Read More
(IDEX Online) - The Diamond Dealers Club (DDC) of New York, in conjunction with the Gem & Jewellery Export Promotion Council (GJEPC), hosted over 60 exhibitors and several hundred buyers at its seventh India Diamond Week on the DDC's new, state-of-the-art trading floor at the International Gem Tower in Manhattan. "We are so proud to inaugurate our brand-new trading floor with the fulfi...Read More
(IDEX Online) - The ALROSA Group's diamond production last year totaled 39.6 million carats, up by 6% year-on-year. "Despite the shutdown of the Mir underground mine in view of the accident in August 2017, the company delivered on the annual diamond production plan," said Igor Sobolev, First Vice President of ALROSA. "The key drivers for diamond production growth were higher output at...Read More
SHANGHAI, Jan 29 (SMM) – Nonferrous metals futures remained strong on Monday January 29 as SHFE zinc led the gains with over 3% rise. While SHFE tin and nickel were up some 2%, lead rose 1.5%. Aluminium, however, edged down slightly in the afternoon.The ferrous complex was weaker with coking coal down almost 2%. Both iron ore and coke were down some 1% while hot-rolled coil edged up.Copper:...Read More
SHANGHAI, Jan 29 (SMM) – Nonferrous metals futures remained strong on Monday January 29 as SHFE zinc led the gains with over 3% rise. While SHFE tin and nickel were up some 2%, lead rose 1.5%. Aluminium, however, edged down slightly in the afternoon.The ferrous complex was weaker with coking coal down almost 2%. Both iron ore and coke were down some 1% while hot-rolled coil edged up.Copper:...Read More
SHANGHAI, Jan 29 (SMM) – SMM’s assessment of imported copper concentrate treatment charges (TCs) stood at $74-86/mt as of Friday January 26, down $1/mt from a week ago.We expect spot TCs to remain stable at the $80/mt level ahead of Chinese New Year with sluggish trading activity as smelters have mostly finished their restocking.The malfunction of Pasar and Birla smelters saw some long...Read More
SHANGHAI, Jan 29 (SMM) – Nonferrous metals futures remained strong on Monday January 29 as SHFE zinc led the gains with over 3% rise. While SHFE tin and nickel were up some 2%, lead rose 1.5%. Aluminium, however, edged down slightly in the afternoon.The ferrous complex was weaker with coking coal down almost 2%. Both iron ore and coke were down some 1% while hot-rolled coil edged up.Copper:...Read More