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
Canada's First Majestic Silver (NYSE:AG) (TSX:FR) has agreed to buy fellow miner Primero Mining (TSX:P) in a cash and stock deal valued at $320 million, including debt.With the acquisition, the Mexico-focused company gains access to Primero's flagship asset, the San Dimas silver-gold mine, located in what First Majestic defines as it "backyard", in the state of Durango.As a result of the trans...Read More
To really understand what's helping push oil prices toward $70 a barrel, just follow the money.Read full newsRead More
Venezuela's crude oil sales tothe United States fell for a second month in a row in December,knocking the year's average to 593,047 barrels per day (bpd),the lowest annual level since 1991, according to Thomson Reuterstrade flows data.A severe production drop in the South American country hashurt its oil exports and domestic refining, and worsened aneconomic recession now entering into its fifth y...Read More
Oil prices eased on Friday after hitting their highest levels since December, 2014 the previous day.Read full newsRead More
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 10, 2018) - Note to editors: There are three photos associated with this press release. Lundin Gold Inc. (Read full newsRead More
The Sanchi, which was carrying 136,000 tonnes of light crude oil has been in flames since colliding with a bulk freighter, and 31 sailors remain missingRead full newsRead More
World oil markets are about to get a clearer idea of what Donald Trump's presidency means for one of the biggest crude exporters, Iran.Read full newsRead More
On the website of the Colorado-based Newmont mine, the top page reads in bold letters, "Culture of Zero Harm."Read full newsRead More
While the big car companies with their fancy technology concept cars get all the attention, there are hundreds of cool little items sprinkled throughout the almost 3 million square feet of Las Vegas ...Read full newsRead More
Anaconda Mining Inc:Read full newsRead More
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 10, 2018) - Note to editors: There are three photos associated with this press release. Lundin Gold Inc. (Read full newsRead More
Includes Toll-milling and Exploration Earn-in Options for Each at McCoy-Cove and Rye ProjectsTHUNDER BAY, ON, Jan. 10, 2018 /CNW/ - PREMIER GOLD MINES LIMIT...Read full newsRead More
In last year's roadmap, I forecast that 2017 would end with gold prices up and the dollar index down, both of which happened. I underestimated the number of Fed hikes by one hike, but globally, average short-term rates have remained around zero. That will be a core pattern throughout 2018.Central banks may tweak a few rates here and there, announce some tapering due to "economic growth", or def...Read More
The stock market dropped yesterday - finally.For the first time in 2018, the major averages dipped into the red to close out a quiet trading session.I know it sounds ridiculous, but some traders are annoyed that the market broke its streak and finished lower. While I don't think I need to write this, I will anyway: the stock market must go down sometimes. Some people are forgetting this inconvenie...Read More
You have to admire the de facto ruler of Saudi Arabia — the young Saudi Crown Prince Mohammed bin Salman.The man is taking a stand against the decades of corruption that has taken place at the top of Saudi society. The Crown Prince seeks the return of wealth that has been stolen from the Saudi people by a select few...Source: Middle East PressThe main targets of the Crown Prince’s hous...Read More
Aerial view of the past-producing Sterling Gold Mine in southwest Nevada. Source: Northern Empire Resources Corp.Toronto investment firm M Partners has named Northern Empire Resources Corp.'s [NM-TSXV, PSPGF-USOTC] as its top exploration pick for 2018.In a Mining New Year Review that was published on January 9, 2018, M Partners said it is recommending the stock amid expectations that Northern Empi...Read More
Shares of Radient Technologies Inc. (TSXV:RTI) have surged more than 340% in the past six months, hitting an all-time high of $2.28 on January 9SmallCapPower | January 12, 2018: Radient Technologies Inc. (TSXV:RTI) shares climbed 16% on Tuesday after the Company provided an update on its operations and 2018 growth initiatives. Along with corporate updates, Radient Technologies announced real estat...Read More
Map depicting the various mineral properties of Columbus Gold's spin-out company, Allegiant Gold Ltd. Source: Columbus Gold Corp.Columbus Gold Corp. [CGT-TSX, CBGDF-OTCQX] on Friday January 12 said it has taken another key step towards the planned spin-out of its Western United States exploration assets into a new company, Allegiant Gold Ltd. The company said it has obtained conditional approval f...Read More
The TerraX Minerals core shack in the Northwest Territories. Source: TerraX Minerals Inc.TerraX Minerals Inc. [TXR-TSXV, TRXXF-OTC Pink, TXO FSE] said Friday January 12 it has struck a deal to acquire the Ptarmigan Mine property near the City of Yellowknife in the Canadian Northwest Territories.Ptarmigan is one of a number of former mines that historically made the Yellowknife area a major centre...Read More
Parenting for Freedom article series: This is the fourth in a series of articles that analyzes how freedom-loving people can align their parenting with their political philosophy, and how doing so will allow ideas about personal liberty to carry on to the next generation.If you're a freedom-loving parent, you're probably doing all you can to give your children autonomy in their own lives. You're t...Read More