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
There are many types of mixed drinks, dirty martinis being one of them. I love dirty martinis, but I don't want them to be the only drink out there! Without trying all the other cocktails, how could I possibly know if dirty martinis are the best?And when I'm on the beach in the sun, I want a Pina Colada! There are different drinks for different moods and occasions.Likewise, places with vastly diff...Read More
There are many types of mixed drinks, dirty martinis being one of them. I love dirty martinis, but I don't want them to be the only drink out there! Without trying all the other cocktails, how could I possibly know if dirty martinis are the best?And when I'm on the beach in the sun, I want a Pina Colada! There are different drinks for different moods and occasions.Likewise, places with vastly diff...Read More
Investing.com - Gold prices settled lower for the ninth session in a row on Friday, after strong U.S. employment data reinforced expectations of a Federal Reserve interest rate hike next week.Comex gold futures declined $1.80, or about 0.2%, to settle at $1,201.40 a troy ounce by close of trade Friday. It fell to $1,194.50 earlier, the lowest since January 31.For the week, prices of the yellow met...Read More
As hard as the FBI tries, people’s rights keep getting in the way of their investigations!The latest revelation came out of a court case in which a Doctor is being prosecuted by the FBI. The doctor was nabbed for child pornography, after one image was found on his computer by a Geek Squad employee in the obscure space that requires high tech digging to find deleted images and files stored a...Read More
As hard as the FBI tries, people’s rights keep getting in the way of their investigations!The latest revelation came out of a court case in which a Doctor is being prosecuted by the FBI. The doctor was nabbed for child pornography, after one image was found on his computer by a Geek Squad employee in the obscure space that requires high tech digging to find deleted images and files stored a...Read More
Kaiser Research Online Publisher John Kaiser, in this interview with SmallCapPower at PDAC 2017, explains why resource juniors are moving away from feasibility demonstration and rethinking old jurisdictions that had previously been discarded, instead of waiting for commodity prices to improve. He also weighs in on how he believes Donald Trump could impact the stock prices of resource companies, an...Read More
Workers at Freeport-McMoRan's (NYSE:FCX) Cerro Verde copper mine in Peru began Friday an indefinite strike over wages, adding pressures to a stressed global copper market already affected by stoppages at two of the world's biggest copper operations.Around 1,300 unionized miners downed tools at 7:30 am local time, demanding special benefit payments to protect their incomes against a downturn in the...Read More
Fruta del Norte, discovered in 2006, is one of the world's biggest recent gold findings. (Image courtesy of Lundin Gold)Ecuador is quickly gaining ground as a mining investment destination in Latin America thanks to a revised regulatory framework and a major investor engagement campaign that has already attracted around 420 applications for concessions in less than a year.Getting to this point, ho...Read More
Seven is a lucky number for some, but could be scary for the junior resource market according to Mercenary Geologist Mickey Fulp. In this interview with SmallCapPower at PDAC 2017, Mickey Fulp describes why he believes the Toronto Venture Exchange will defy history this year. He also admits to making several investing mistakes but says he's learned much from his experience, and even reveals his to...Read More
Investing.com - Gold prices fell to six-week lows on Friday, hovering below the psychologically important $1,200 mark as the strength of the U.S. dollar and growing expectations for a U.S. rate hike next week continued to weigh on the precious metal.On the Comex division of the New York Mercantile Exchange, gold futures for April delivery were down 0.61% at $1,195.65, the lowest since January 31.T...Read More
I won't pretend Henry David Thoreau's writing thoroughly interests me, as much as I admire him. Truth be told, I find much of his work boring and wordy.His ideas on government however, are quite interesting, especially coming from someone of his time period. He is among the ranks of abolitionist thinkers, like Josiah Warren, who correctly see in direct slavery the same basic injustices a subject s...Read More
I won't pretend Henry David Thoreau's writing thoroughly interests me, as much as I admire him. Truth be told, I find much of his work boring and wordy.His ideas on government however, are quite interesting, especially coming from someone of his time period. He is among the ranks of abolitionist thinkers, like Josiah Warren, who correctly see in direct slavery the same basic injustices a subject s...Read More
Rio Tinto's (ASX, LON:RIO) chairman Jan du Plessis is stepping down in 2018, ending a run of more than eight years at the world's No. 2 miner, which is under scrutiny from international authorities over its former businesses in Guinea, Africa.He joins a growing list of chairmen who are leaving some of the world's top mining companies, including BHP's Jac Nasser and Anglo's John Parker.South Afric...Read More
* Dollar underpinned by rising yields as Fed hike looms* ECB holds rates, signals on stimulus due at news conference* Oil tries to regain footing after nasty spill, gold at 5-week low* World shares down for sixth day, longest run in over a yearBy Marc JonesLONDON, March 9 (Reuters) - World shares chalked up their longest losing streak in well over a year on Thursday as bets on rising U.S. interest...Read More
* Dollar underpinned by rising yields as Fed hike looms* ECB expected to stick with stimulus at policy meeting* Oil tries to regain footing after nasty spill, gold at 5-week low* World shares down for sixth day, longest run in over a yearBy Marc JonesLONDON, March 9 (Reuters) - World shares chalked up their longest losing streak in well over a year on Thursday as bets on rising U.S. interest rates...Read More
Investing.com - Gold futures extended a slump into an eighth consecutive session Thursday, sending the yellow metal to the lowest level since the start of February amid increasing confidence the Federal Reserve will raise interest rates at its upcoming policy meeting next week.Comex gold futures touched a session low of $1,203.50 a troy ounce, a level not seen since February 1. It was last at $1,2...Read More
(Adds company news item, updates futures)March 9 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 21 points at 7,314 on Thursday, according to financial bookmakers, with futures FFIc1 down 0.5 percent ahead of the cash market open.* SHELL: Royal Dutch Shell RDSa.L has agreed to sell most of its Canadian oil sands assets for $7.25 billion to Canadian Natural CNQ.TO , the company said...Read More
March 9 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 21 points at 7,314 on Thursday, according to financial bookmakers.* BT GROUP-RIO TINTO: Rio Tinto RIO.L Chairman Jan du Plessis is set to step down and take up the chairmanship of BT Group Plc BT.L , with the announcement to be made by Britain's top mobile and broadband operator on Thursday, the Financial Times reported. BHP...Read More
* Dollar gains after ADP report raises Fed hike bets* Wall Street pressured by slumping oil overnight* Toshiba skids, Nintendo gains on Switch hopesTOKYO, March 9 (Reuters) - Japan's Nikkei share average rose on Thursday, benefitting from a weaker yen after the dollar gained when U.S. jobs data cemented expectations the U.S. Federal Reserve is poised to raise interest rates next week.The Nikkei .N...Read More
(Repeats story published earlier with no changes to text.)* Nearly 3.5 mln T of capacity on maintenance in March -Citi* Low fees could shrink refined copper supplies, underpin prices* Traders redirecting copper shipments among Asian portsBy Melanie BurtonMELBOURNE, March 8 (Reuters) - Spot processing fees in Asia for copper concentrate have slid to their cheapest in four years as shutdowns at the...Read More