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
World's second largest mining company Rio Tinto (ASX, LON:RIO) has lifted force majeure on shipments of refined copper from its Kennecott unit in the U.S., 79 days after adopting the measure.The company halted production of refined copper at its smelter at the Utah-based mine on Oct. 8 after a worker was exposed to sulphur dioxide gases at the plant while removing debris from a boiler. The employe...Read More
World's second largest mining company Rio Tinto (ASX, LON:RIO) has lifted force majeure on shipments of refined copper from its Kennecott unit in the U.S., 79 days after adopting the measure.The company halted production of refined copper at its smelter at the Utah-based mine on Oct. 8 after a worker was exposed to sulphur dioxide gases at the plant while removing debris from a boiler. The employe...Read More
Swiss miner and commodities trader Glencore (LON:GLEN) has begun hiring for a number of new positions at its Lady Loretta zinc mine in Australia, which is slated to reopen in the first half of this year.Production at the Queensland-based operation was halted in 2015 because of falling zinc prices. Since then, the metal has more than doubled, so Glencore - the world's No.1 zinc producer - announce...Read More
ALROSA, the world's largest diamond mining company, continues the contest "She said "YES!" for the most creative idea of a marriage proposal. The competition started in December 2017 and will last until February 14, 2018. The winner will receive a diamond ring as a reward to translate the idea into reality.Applications to the contest are accepted at a special email address: [email protected]. To...Read More
Ecuador-focused miner SolGold (LON:SOLG) (TSX:SOLG) said Friday it had begun additional exploration drilling at its 85%-owned Cascabel copper-gold project, 180 km north of the country's capital Quito.The Australian gold miner noted said efforts are now focussed on targeting high-grade extensions to the Alpala resource. It also said that an additional 13,384 metres of drilling has been complet...Read More
Ecuador-focused miner SolGold (LON:SOLG) (TSX:SOLG) said Friday it had begun additional exploration drilling at its 85%-owned Cascabel copper-gold project, 180 km north of the country's capital Quito.The Australian gold miner noted said efforts are now focussed on targeting high-grade extensions to the Alpala resource. It also said that an additional 13,384 metres of drilling has been complet...Read More
Ecuador-focused miner SolGold (LON:SOLG) (TSX:SOLG) said Friday it had begun additional exploration drilling at its 85%-owned Cascabel copper-gold project, 180 km north of the country's capital Quito.The Australian gold miner noted said efforts are now focussed on targeting high-grade extensions to the Alpala resource. It also said that an additional 13,384 metres of drilling has been complet...Read More
Russian state-controlled diamond miner Alrosa increased fourth-quarter production by 6 percent year-on-year to 10.1 million carats as a shutdown at its Mir mine was offset by higher output at other assets.The Russian government has been considering selling part of its stake in Alrosa, the world's largest producer of rough diamonds, as part of its privatisation programme.But that is off the agenda...Read More
SHANGHAI, Jan 26 (SMM)? 1/4 ?Copper: LME copper remains strong on continued increase of inventory. SHFE copper is expected to trade at 53,000-54,000 yuan/mt and spot discounts are to move at 100-50 yuan/mt supported by stockholders.Zinc: LME zinc performed strongly supported by firm fundamentals, and is expected to trade at $3,435-3,485/mt while SHFE zinc is expected to trade at 26,000-2...Read More
SHANGHAI, Jan 26 (SMM)? 1/4 ?Copper: LME copper remains strong on continued increase of inventory. SHFE copper is expected to trade at 53,000-54,000 yuan/mt and spot discounts are to move at 100-50 yuan/mt supported by stockholders.Zinc: LME zinc performed strongly supported by firm fundamentals, and is expected to trade at $3,435-3,485/mt while SHFE zinc is expected to trade at 26,000-2...Read More
SHANGHAI, Jan 26 (SMM)? 1/4 ?Copper: LME copper remains strong on continued increase of inventory. SHFE copper is expected to trade at 53,000-54,000 yuan/mt and spot discounts are to move at 100-50 yuan/mt supported by stockholders.Zinc: LME zinc performed strongly supported by firm fundamentals, and is expected to trade at $3,435-3,485/mt while SHFE zinc is expected to trade at 26,000-2...Read More
Gold settles at a level not seen in more than a year Thursday, but moves lower in electronic trading as the dollar turns higher.Read full newsRead More
While its 8.4% yield will certainly draw the attention of income seekers, its bargain-basement price could make value investors a mint.Read full newsRead More
"Buy and hold" isn't a trading strategy.For the entirety of my trading career I have tried to avoid buying and holding. Every time I put on a trade I do so with a clear exit plan in mind. I NEVER go into positions with the intention to hold them for an undetermined amount of time.Until now...There's one market and one investment that has made me completely change my attitude about "buy and hold" a...Read More
The Daily Reckoning finds itself embarrassed for riches...We welcomed trading wizard Tim Sykes last week.And today... with equal pleasure… we introduce another first-chop money man...Here we speak of Andrew Keene, president and CEO of AlphaShark Trading."I've always said that everyone in this world has at least one thing they're good at," begins Andrew."Fortunately," he adds, "I found mine e...Read More
Richard Jacobs here.In October 2016, I started a podcast called "Future Tech Podcast" in which I interview founders and CEOs in the stem cell, 3-D printing, blockchain/cryptocurrency, artificial intelligence, brain-computer interface, nanotech and other up-and-coming industries.As I interviewed experts from all over the tech world, I became more and more intrigued by bitcoin, blockchain and crypto...Read More
Stocks abruptly reversed from their highs yesterday.The Nasdaq Composite lost more than 45 points before the closing bell as traders took profits on high-flying tech shares. Meanwhile, the Dow managed to hang in positive territory. Despite losing its positive momentum as the day progressed, the Big Board eked out another record close.As investors pumped the brakes on this year's furious stock mark...Read More
Today, I want to give you the single best place to invest in the stock market.But don’t give me all the credit.Because I’m stealing this directly from an investing legend.His name is Joel Greenblatt. And in his classic 1997 book, You Too Can Be A Stock Market Genius, he made one thing perfectly clear...“The facts are overwhelming... stocks of spinoff companies significantly and c...Read More
Left to right, Garth Braun, Craig Wiebe, and Don Noakes after a successful afternoon touring the progress made on the Blackbird Energy facility equipment. Source: Blackbird Energy Inc.British Columbia-based newsletter and resource analyst writer Marin Katusa has named Blackbird Energy Inc. [BBI-TSXV] as one of his top stock picks. During the recent Cambridge House Vancouver Resource Investment Con...Read More
Viscount Mining Corp. (TSXV:VML) believes the historic Kate deposit, which current drilling is targeting, may be thicker and/or deeper than previously estimatedSmallCapPower | January 26, 2018: On January 25, 2018, Viscount Mining Corp. (TSXV:VML) announced results from two more holes from its Phase 2 drill program at its Silver Cliff property in Colorado. These are the third batch of twinned hol...Read More