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

Shares in Rio Tinto-controlled Turquoise Hill (TSX, NYSE:TRQ) were hit Tuesday after the miner revealed its massive Oyu Tolgoi copper and gold mine in Mongolia has been handed a $155 million tax bill.The Vancouver-based company said the amount relates to an audit on taxes imposed and paid by the mine operator between 2013 and 2015.Amount relates to an audit on taxes imposed and paid by the...Read More

Shares in Rio Tinto-controlled Turquoise Hill (TSX, NYSE:TRQ) were hit Tuesday after the miner revealed its massive Oyu Tolgoi copper and gold mine in Mongolia has been handed a $155 million tax bill.The Vancouver-based company said the amount relates to an audit on taxes imposed and paid by the mine operator between 2013 and 2015.Amount relates to an audit on taxes imposed and paid by the...Read More

January's cryptocurrency selloff got fresh impetus on Tuesday when Bitcoin slumped as much as 25 percent, as the prospect of regulatory crackdowns appeared to spread.Read full newsRead More

Gold demand is set to jump this year thanks to government policies targeted at transparency and economic growth, the World Gold Council said Tuesday in its annual outlook report.In particular, the industry body believes that gold will maintain its relevance as a strategic asset in 2018 thanks to four key trends - synchronised global economic growth, shrinking central bank balance sheets, risin...Read More

Gold demand is set to jump this year thanks to government policies targeted at transparency and economic growth, the World Gold Council said Tuesday in its annual outlook report.In particular, the industry body believes that gold will maintain its relevance as a strategic asset in 2018 thanks to four key trends - synchronised global economic growth, shrinking central bank balance sheets, risin...Read More

Almost exactly 9 years after the first were 'mined', January 13th marked an important milestone for cryptocurrencies. 16.8 million bitcoins (BTC), or 80 percent of the entire Bitcoin supply, have now been mined.Read full newsRead More

Just days after China's (denied) threat to slow/stop buying US Treasuries, and just days before the launch of China's petro-yuan futures contract, Germany's central bank confirmed it would include China's Renminbi in its reserves.Read full newsRead More

Canada's gold producer GoldCorp Inc. said on Tuesday its all-in sustaining costs are expected to fall further to $800 per ounce in 2018 from $825 per ounce in 2017.The company's 2017 preliminary gold production of 2.6 million ounces was at the high end of its forecast range.U.S.-listed shares of the company were up 5.5 per cent at $15.14 premarket, on track to hit a nine-month high when market ope...Read More

Phase 1 completed on budget and will scale significantly throughout 2018BODEN, Sweden and VANCOUVER, Jan. 15, 2018...Read full newsRead More

A supply shortage is looming.Read full newsRead More

Anglo American's De Beers, the world's largest rough diamond producer by value, plans to launch this year the first industry-wide blockchain platform, which will enable greater tracking of gems being traded worldwide.The technology, which De Beers began developing last year, allows tracing each diamond throughout the entire value chain - from mine to buyer. It would make of the company an industry...Read More

Anglo American's De Beers, the world's largest rough diamond producer by value, plans to launch this year the first industry-wide blockchain platform, which will enable greater tracking of gems being traded worldwide.The technology, which De Beers began developing last year, allows tracing each diamond throughout the entire value chain - from mine to buyer. It would make of the company an industry...Read More

Anglo American's De Beers, the world's largest rough diamond producer by value, plans to launch this year the first industry-wide blockchain platform, which will enable greater tracking of gems being traded worldwide.The technology, which De Beers began developing last year, allows tracing each diamond throughout the entire value chain - from mine to buyer. It would make of the company an industry...Read More

Talks are stalled over how to deal with the impact of a $5 billion dam that could threaten Egypt's lifeblood.Read full newsRead More

With industrial uses on the wane, producers are cutting jobs, selling assets and spending millions of dollars in advertising. Their Hail Mary is to entice a new generation of jewelry buyers to switch from gold.Read full newsRead More

An Iranian tanker sank on Sunday after catching fire for eight days in Chinese territorial waters.Read full newsRead More

Chinese authorities are struggling to contain what may be the worst oil tanker spill and environmental disaster of its kind in history, after the stricken Iranian ship, The Sanchi, finally sank over the weekend.Read full newsRead More

Follow me on: https://twitter.com/TheNextBigRush Follow Nick: https://www.youtube.com/c/MiningBookGuyTV Follow Jay: FiFighter.comRead full newsRead More

India's import of unrefined gold (dore) rose in 2017 by 80 per cent from the previous year to 213 tonnes, the highest ever, estimates GFMS Thomson Reuters, It estimates total gold import in 2017 at 855 tonnes or 67 per cent higher than a yearRead full newsRead More

Russia's largest goldminer Polyus said on Monday that plans to sell a 10percent stake to a consortium led by China's Fosun Internationalhad been dropped after one of the conditions of theagreement was not met.Read full newsRead More