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

Innocent until proven guilty may be a thing of the past if an investigation itself is punishment.An investigation by government authorities can be quite damaging, even if that investigation turns up nothing in the end.Investigations can be used as a warning to the target and others that Big Brother is watching.Investigations can insinuate guilt, serving as a punishment in the court of public opini...Read More

There is a dangerous myth that permeates the political arena that government agencies and bureaucrats can somehow be non-political and independent.How absurd. On the one hand, there are obvious political appointments, like Eric Holder as Attorney General under Obama, or Rex Tillerson as Secretary of State under Trump. Each was clearly chosen to advance the interests of the President, Holder for h...Read More

There is a dangerous myth that permeates the political arena that government agencies and bureaucrats can somehow be non-political and independent.How absurd. On the one hand, there are obvious political appointments, like Eric Holder as Attorney General under Obama, or Rex Tillerson as Secretary of State under Trump. Each was clearly chosen to advance the interests of the President, Holder for h...Read More

* Global stock index posts fourth straight weekly gain* U.S. dollar, stocks, Treasury yields slip after sales, CPI data* European, emerging market stocks outperform U.S.By Dion RabouinNEW YORK, May 12 (Reuters) - A measure of stock markets around the globe edged up on Friday led by European and emerging market equities while underwhelming U.S. retail sales data pushed U.S. Treasury yields and the...Read More

The US Environmental Protection Agency (EPA) and Canada's Northern Dynasty Minerals (TSX:NDM) put an end Friday to a long-dragged dispute over the federal agency's decision to block construction of the firm's vast copper-gold-silver project in Alaska.The settlement paves the way for an eventual federal permitting decision that could allow Northern Dynasty's subsidiary - Pebble Limited Partnership...Read More

* Global stock index steady, heads for weekly loss* U.S. dollar, Treasury yields dip after dismal data* China bank system worries, Trump fears constrain equities* European, emerging market stocks outperform U.S.By Dion RabouinNEW YORK, May 12 (Reuters) - World stock markets paused near record highs on Friday after underwhelming U.S. retail sales data and worries over China's banking system spurred...Read More

Investing.com - Gold prices moved higher on Friday, as recent political events in the U.S. continued to weigh on the greenback and boost demand for safe-haven assets, although investors were also eyeing the release of U.S. data due later in the day.On the Comex division of the New York Mercantile Exchange, gold futures for June delivery were up 0.26% at $1,227.36.The June contract ended Thursday's...Read More

* Wall Street sinks on poor earnings, Trump fears* Yen, gold, Treasuries rise as stock market dips* Emerging markets continue upward with oil, commodities rise (Updates to European market close)By Dion RabouinNEW YORK, May 11 (Reuters) - U.S. and European stocks fell on Thursday, along with the U.S. dollar, while U.S. Treasury yields reversed earlier declines, as political uncertainty in the Unite...Read More

Global silver production dropped last year for the first time since 2002 driven by lower by-product output from the lead/zinc and gold sectors, as well as a sharp decline of scrap supply to the market, which hit its lowest since 1996.According to the latest Silver Institute report, released Thursday, total silver supply decreased by 32.6 million ounces in 2016 in line with decreased demand for the...Read More

Polish miner KGHM (WSE:KGH), Europe's second-largest copper producer, has decided to ditch a planned second phase of expansion of its Sierra Gorda mine in Chile on the back of high production costs an falling metal prices.The state-controlled company grabbed the copper and molybdenum project in 2012, after buying Canadian rival Quadra FNX in what was the largest-ever foreign acquisition by a Poli...Read More

* Wall Street sinks on poor earnings, Trump fears* Yen, gold, Treasuries rise as stock market dips* Emerging markets continue upward with oil rise (New throughout, adds data, quote, changes dateline, previous LONDON)By Dion RabouinNEW YORK, May 11 (Reuters) - U.S. and European stocks fell on Thursday, along with the U.S. dollar, while U.S. Treasury yields reversed earlier declines, as political un...Read More

Investing.com - Gold prices inched higher in European trade on Thursday, but held near their lowest level in around eight weeks amid growing expectations for a U.S. interest rate hike next month.Comex gold futures rose around $4.00, or about 0.3%, to $1,222.70 a troy ounce by 3:05AM ET (07:05GMT). Meanwhile, spot gold was at $1,222.30.The yellow metal hit its lowest since March 15 at $1,214.30 on...Read More

(Adds company news, futures)May 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 11 points lower on Thursday, according to financial bookmakers, with futures FFIc1 up 0.05 percent ahead of the cash market open.* SUPERGROUP: SuperGroup SGP.L , the British company behind the Superdry fashion brand, forecast full-year profit in line with expectations and said trading in its latest quarte...Read More

May 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 11 points lower on Thursday, according to financial bookmakers.* BHP: Workers at BHP Billiton's BHP.AX , BLT.L Cerro Colorado copper mine in Chile will strike for 24 hours in the coming weeks to protest recent layoffs and the company's general attitude toward miners, the main union told Reuters on Wednesday. MYLAN/GLAXO: Generic dru...Read More

The President is very much a figurehead – he wields no real power whatsoever. He is apparently chosen by the government, but the qualities he is required to display are not those of leadership but those of finely judged outrage. For this reason the President is always a controversial choice, always an infuriating but fascinating character. His job is not to wield power but to draw attention...Read More

The President is very much a figurehead – he wields no real power whatsoever. He is apparently chosen by the government, but the qualities he is required to display are not those of leadership but those of finely judged outrage. For this reason the President is always a controversial choice, always an infuriating but fascinating character. His job is not to wield power but to draw attention...Read More

The Philippines has no plans of revoking tough mining regulations imposed in the last year and which led to last week's dismissal of Natural Resources Secretary Regina Lopez, President Rodrigo Duterte said on Wednesday.But the new head of the environment office, Roy Cimatu, says it is possible to balance mining and natural resources protection.Authorities, however, seem willing to ease up on a cra...Read More

BHP Billiton (ASX:BHP) (LON:BLT) confirmed Wednesday it had begun a sale process for its Cerro Colorado mine, one of its smaller Chilean copper operations, though it said it's just evaluating the options and that no decision have been made.Workers at the operation, in the northern Tarapac?? Region, temporarily blocked access roads to the site in protest for the decision, which they say will inev...Read More

* Financials-focused hedge fund made 9.4 pct in year to end-April* Founder del Missier ran fund internally with $100 mln* Firm now employs 12 peopleBy Maiya Keidan and Anjuli DaviesLONDON, May 9 (Reuters) - A hedge fund firm run by the former co-CEO of Barclays (LON:BARC) investment bank Jerry del Missier and focused on the financial services industry has opened to external capital, del Missier...Read More

Investing.com - Gold prices were higher in European trade on Wednesday, bouncing off the prior session's eight-week low after U.S. President Donald Trump abruptly fired FBI Director James Comey in a move that shocked Washington.Rekindled fears that North Korea could be gearing up for another weapons test also supported gold.Comex gold futures rose around $6.00, or about 0.5%, to $1,222.30 a troy o...Read More