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
US President Donald Trump has praised the gold standard in the past, but could he really bring it back? We take a look at whether it's actually possible.Read full newsRead More
Key event details:The evolution of gold and its future 21st January 2018 15.05-15.25Aram Shishmanian, CEO, World Gold CouncilStructural changes in the global gold marketKey drivers of demandImplications for the sustainability of the Italian jewellery market Read More
Following the dismissal by a U.S. court of Crystallex's lawsuit against asset transfers by Venezuelan-owned refiner Citgo, the Canadian company announced that it has requested a new hearing.According to Venezuelan media, the miner filed the new request before the 3rd U.S. Circuit Court of Appeals earlier this week. The company alleges that the South American country is performing "fraudulent trans...Read More
Following the dismissal by a U.S. court of Crystallex's lawsuit against asset transfers by Venezuelan-owned refiner Citgo, the Canadian company announced that it has requested a new hearing.According to Venezuelan media, the miner filed the new request before the 3rd U.S. Circuit Court of Appeals earlier this week. The company alleges that the South American country is performing "fraudulent trans...Read More
Barrick Gold says Pascua-Lama is operating under a temporary closure plan in Chile since construction was halted in 2013.Read full newsRead More
After having invested $1.2 billion to develop the Kamoa-Kakula project in the Democratic Republic of Congo, it is no surprise that Ivanhoe Mines' executive chairman, Robert Friedland, is bullish on copper. The engine that drives his confidence comes in the form of electric vehicles which, according to investment manager U.S. Global Investors, need up to four times the amount of copper traditional...Read More
After having invested $1.2 billion to develop the Kamoa-Kakula project in the Democratic Republic of Congo, it is no surprise that Ivanhoe Mines' executive chairman, Robert Friedland, is bullish on copper. The engine that drives his confidence comes in the form of electric vehicles which, according to investment manager U.S. Global Investors, need up to four times the amount of copper traditional...Read More
Stocks finished a seesaw session higher, with the S&P and Nasdaq picking up record highs, with help from a rally in the chip sector. Traders ultimately brushed off fears of a possible government shutdown this weekend, as the Senate showed no signs of passing a budget agreement. Even the Dow ended the day in the black, shrugging off earnings disappointments from IBM Corp (IBM) and American Express...Read More
Great Atlantic Resources (TSXV.GR) announced that, in the spring of 2018, it will start drilling at its Porcupine base metal - precious metal - rare earth element project located in the eastern Canadian province of New Brunswick. The site is approximately 50 kilometres west of the city of Miramichi and occupies a land package of 2,830 hectares.Following the approval of a diamond drilling permit fo...Read More
Great Atlantic Resources (TSXV.GR) announced that, in the spring of 2018, it will start drilling at its Porcupine base metal - precious metal - rare earth element project located in the eastern Canadian province of New Brunswick. The site is approximately 50 kilometres west of the city of Miramichi and occupies a land package of 2,830 hectares.Following the approval of a diamond drilling permit fo...Read More
The Company announces that, subject to TSX Venture Exchange ('Exchange') approval, it is undertaking a non-brokered private placement comprised of up to 13,333,333 units of the Company (the 'Units') at an issue price of $0.075 per Unit for gross proceeds of up to $1,000,000 (the 'Offering').Read full newsRead More
Gold mining stocks lagged behind gains for the precious metal last year, but they could overtake the gold rally in 2018. "Gold miners have been underperforming gold for the last several years, which is not unusual during a bear market or falling price," said Peter Spina, president and chief executive officer of GoldSeek.com. "But over the prior few years as gold has moved hundreds of dollars off...Read More
Triumph Gold Corp. (TSXV:TIG) (OTCMKTS: TIGCF) ('Triumph Gold' or the 'Company') is pleased to announce that it will be exhibiting at the AME BC Roundup Core Shack on Wednesday, January 24 and Thursday, January 25.Read full newsRead More
Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) is pleased to announce that it will be participating in the AME BC Roundup Conference's Core Shack on January 22nd and 23rd.Read full newsRead More
It's a mixed session on Wall Street today, as traders await updates on the budget showdown in D.C. Among individual stocks making notable moves are embattled blue chip General Electric Company (NYSE:GE), pharmaceutical firm Valeant Pharmaceuticals Intl Inc (NYSE:VRX), and e-commerce giant Amazon.com, Inc. (NASDAQ:AMZN). Here's a quick look at what's moving shares of GE, VRX, and AMZN.GE Stock Hit...Read More
U.S. stocks hit new highs again this week, with the Dow Jones Industrial Average (DJI) soaring past the 26,000 level, thanks to another round of well-received fourth-quarter earnings reports. The momentum stalled by week's end, however, when profit-taking and fears of a government shutdown took hold on Wall Street. As a result, the CBOE Volatility Index (VIX) notched its best weekly win since Dec...Read More
The shares of biotech Exelixis, Inc. (NASDAQ:EXEL) -- which makes Cabometyx -- have been in a channel of higher highs and lows since early 2016, gaining 55% over the past year. Since its most recent test of the $32-$32.50 range -- home to its Oct. 16 record high -- earlier this month, EXEL stock has given back about 13%, and was last seen 0.3% lower to trade at $27.80. However, the drug stock coul...Read More
The last couple of days have been tumultuous and this is reflected by the headlines in the media. In an article on the website of The Guardian, we read:Bitcoin has all the hallmarks of a classic speculative bubble and even after almost halving in value in a matter of weeks it still has further to fall, according to a leading team of economists.As regulators in South Korea again signalled on Thursd...Read More
The S&P 500 Index (SPX) has surged nearly 4.8% so far in January -- and there's still more than a week of trading left -- on pace for its best month since March 2016, and its 10th straight monthly gain. However, even as U.S. stocks assail record heights, the CBOE Volatility Index (VIX) -- or Wall Street's "fear gauge" -- is also on pace for a big month, currently up 4.3% in 2018. This rare occurre...Read More
(Bloomberg) - The Trump administration's condemnation of cheap Chinese aluminum is helping resolve overcapacity in China even before any measures are implemented, according to the top U.S. producer.The Commerce Department is preparing to deliver its Section 232 report on national-security threats posed by aluminum imports. Before any measures are announced, debate surrounding the investigation h...Read More