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
Barrick Gold (TSX, NYSE:ABX), the world's top bullion producer by volume, has agreed to buy a 12.5% stake in fellow Canadian miner Royal Road Minerals (TSX-V:RYR) in a shares-deal worth about Cdn$1.6 million (roughly $1.3 million at today's rates).The transaction will see Barrick acquire 9,875,876 ordinary shares of Royal Road in a non-brokered private placement at a price of $0.16 per unit for t...Read More
Pope Francis visited Peru's famous Madre de Dios region on Friday. While many hoped he would address the region's rampant illegal gold mining, others are wary of the papal message.Read full newsRead More
The Toronto-based miner wants to buy the Gold Shear property, southwest of Cranbrook, British Columbia.Read full newsRead More
By Mohammed Aminu in Sokoto The Minister of Science and Technology, Dr. Ogbonnaya Onu, Tuesday said the leather industry is the nation's next gold mine and holds the key to industrial growth,...Read full newsRead More
Liongold Corp Ltd:Read full newsRead More
Commodities Analysis by The Gold Reportcovering: XAU/USD, Gold Futures, Copper Futures, Anaconda Mining Inc. Read The Gold Report 's latest article on Investing.comRead full newsRead More
On Tuesday, gold climbed back towards the $1,340 an ounce level bringing gains since mid-December to nearly $100 an ounce or 8%. Large-scale speculators have been increasing their exposure to gold on derivatives markets doubling net long positions - bets that gold will be more expensive in future - in the space of three weeks to the equivalent of 20m ounces. Retail and institutional investment i...Read More
A big swing state is gearing up for legalized pot sales in the next couple of months.It could quickly become one of the biggest markets for marijuana nationwide.But first let's take a look at the cannabis cash cow up north.Canadian Pot Stocks on Major RipEveryone’s gearing up for July 2018 in Canada.That's when the Canadian government expects to have legislation in place fully legalizing rec...Read More
More all-time highs are in the books for the major averages as a temporary fix to the government shutdown come through and earnings season starts off hot...But the real action is in happening in biotech stocks. A couple of big buyouts paved the way for some impressive biotech gains to kick off the new trading week.First up, Celgene Corp. (NADSAQ:CELG) plunked down $9 billion to acquire Juno Therap...Read More
Investing.com - Gold prices edged higher on Tuesday, supported by a weaker U.S. dollar languishing near three-year lows after U.S. lawmakers reached a deal to end a government shutdown.Comex gold futures were at $1,336.10 a troy ounce by 3:15AM ET (0815GMT), up around $4.00, or 0.3%, from the last session's closing price.Meanwhile, silver futures tacked on 5.0 cents, or 0.3%, to $17.04 a troy ounc...Read More
Typical stacked gold-bearing quartz-carbonate veins at the Royal Road La Golondrina property in Narino Province, Colombia. Source: Royal Road Minerals Ltd.Barrick Gold Corp. [ABX-TSX, NYSE] has agreed to acquire a 12.5% stake in Royal Road Minerals Ltd. [RYR-TSXV] in a share exchange deal worth about $1.6 million. Under the agreement, Toronto-based Barrick will acquire 9.8 million Royal Road share...Read More
Bombardier Inc.'s (TSX:BBD.B) train business Chief expects the rail growth will help boost Bombardier's total sales to $20 billion by 2020SmallCapPower | January 24, 2018: Bombardier Inc. (TSX:BBD.B), one of the world's leading manufacturers of both planes and trains, expects to see another year of 10% sales growth from its train segment, which will help boost its total sales to $20 billion by 202...Read More
Drilling the Taylor deposit at Arizona Mining's Hermosa Project in Santa Cruz County, Arizona. Source: Arizona Mining Inc.Arizona Mining Inc. [AZ-TSX; WLDVF-OTC] on Wednesday January 24 reported high-grade zinc-lead and silver values in drill holes results from its 100%-owned Hermosa Project in Santa Cruz County, Arizona.These results are part of a 55,000-metre infill and step-out drilling that wi...Read More
The FBI Trump investigation is perfect fodder for the mainstream media. It fits the right versus left paradigm like a glove.It gives each side everything they desire. An enemy to hate. Someone to blame. And a good show.For the right, the text messages between agents on the investigation team prove that there was an anti-Trump bias. They feel vindicated in their choice of Trump. If he wasn’t...Read More
2018-01-24 08:30 ET - News ReleaseVANCOUVER, BC / ACCESSWIRE / January 24, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CNSX: XMG, FSE: 1MG, OTCQB: MGXMF) is pleased to report that joint venture partner Power Metals Corp. ("Power Metals") has announced additional drill hole assays for lithium (Li) and tantalum (Ta) mineralized intervals for the Main Dyke at Case Lake, east of Cochrane,...Read More
Full Article: You'll want to read this...By; Frank HolmesLast week the U.S. Global Investors office was visited by a living legend in the junior mining industry, billionaire founder and executive chairman of Ivanhoe Mines, Robert Friedland. In case you don't know, back in the mid-1970s, Robert was caretaker of an apple orchard south of Portland that one of his buddies from Reed College would ofte...Read More
Zinc pulled back on Wednesday to below $3,400 a tonne, but stayed within shouting distance of the best levels since August 2007 as worries about global stocks of the metal, mainly used in galvanizing steel, continue to support prices.In a research report consultants Wood Mackenzie said the combination of scheduled mine closures, top producer Glencore's strategic cuts and the impact of environmenta...Read More
(IDEX Online) - ALROSA has signed 67 long-term agreements with 65 companies for the sale of gem-quality and industrial rough diamonds for the new 2018-2020 contract period, the Russian miner announced. The new list of long-term clients is posted on ALROSA's sales website at http://sales.alrosa.info/rough-diamonds/long-term-contacts/our-customers-2/. The company signed agreements...Read More
MOSCOW – Russia is not discussing reducing its stake in diamond miner Alrosa in 2018, the RIA news agency quoted Alrosa CEO Sergei Ivanov as saying on Wednesday.AdvertisementRead More
(IDEX Online) - The World Federation of Diamond Bourses (WFDB) has announced that dates have been set for the 2018 World Diamond Congress, the biannual meeting of the WFDB and the International Diamond Manufacturers Association (IDMA). The Congress will take place at the Hilton Hotel in Tel Aviv, from June 19 to 21. The Congress will start on June 19, with a cocktail event to take place in...Read More