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

It's Time to Stop Spending Taxpayer Dollars on Elon Musk and Cronyism ... The Senate Finance Committee and the House Ways and Means Committee have launched a probe into tax incentives paid to solar companies, according to The Wall Street Journal. The committee probes, led by their respective Republican chairmen, Rep. Kevin Brady of Texas and Sen. Orrin Hatch of Utah, have found an appropriate and...Read More

Seabridge Gold (TSX:SEA) (NYSE:SA) today announced that results from the final three core holes drilled this year at Deep Kerr successfully filled in the gaps required to support a southern extension of the deposit. The five holes completed in 2016 are expected to expand the known resource about 500 meters along strike to the south at grades consistent with the deposit's inferred resource. The sha...Read More

After weeks of deliberation, Canada's Lundin Mining (TSX:LUN) said Tuesday it will sell its minority stake in the African copper mine Tenke Fungurume to a Chinese private-equity firm for $1.14 billion in cash.The deal is a result of the Toronto-based miner's review of strategic options for its interest in TF Holdings Ltd., the Bermuda holding company that indirectly owns an 80% interest in the m...Read More

Global Witness on Monday revealed that Gecamines, the state mining company of the Democratic Republic of Congo last year signed over royalty rights in the Kamoto Copper Company (KCC) owned and operated by Switzerland's Glencore to an offshore company belonging to a friend of the president.According to Global Witness, a London-based human rights organization, the 2.5% royalty stream that was owned...Read More

Wow.Firstly: how did pollsters get it so wrong?Second: what an interesting reaction.As we all saw, the markets threw a fit when it started to look like Trump was going to win. Gold gained as much as 5.5% to touch $1,337 per oz., US futures fell sharply (Dow Jones Industrial Average futures were down as much as 5% at one point), the US dollar lost 1.5% in a flash, and other safe havens like the Swi...Read More

* Treasuries prices little changed, yields near recent highs* U.S. dollar holds recent gains, index hovers near 100* Oil gains near 4 percent, copper falls (Adds U.S. open; changes comments, dateline from previous LONDON)By Rodrigo CamposNEW YORK, Nov 15 (Reuters) - Oil prices jumped nearly 4 percent on Tuesday on bets OPEC members will agree to cut output while stocks edged higher, led by technol...Read More

* Graphic: sterling year-to-date http://tmsnrt.rs/2egbfVhBy Nigel StephensonLONDON, Nov 15 (Reuters) - The dollar pulled back from close to 14-year highs on Tuesday, euro zone government bond yields fell and the price of copper tumbled as traders cashed in gains from a rally fuelled by Donald Trump's victory in the U.S. presidential election.China's yuan CNY=CFXS , which like other Asian currencie...Read More

Investing.com - Gold futures rose in early Europe trading on Tuesday, snapping a five-session losing streak which took prices to the lowest level in more than five-months as the U.S. dollar pulled back from a one-year high.Gold for December delivery on the Comex division of the New York Mercantile Exchange tacked on $4.95, or 0.4%, to $1,226.55 a troy ounce by 2:55AM ET (07:55GMT), after falling t...Read More

(Adds futures, company news items)Nov 15 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 24 to 33 points, or 0.5 percent on Tuesday, according to financial bookmakers, with futures FFIc1 up 0.31 percent ahead of the cash market open.* The UK blue chip index closed up 0.34 percent at 6,753.18 points on Monday following a rally in banking and mining stocks, although a slump in utilitie...Read More

Nov 15 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 24 to 33 points, or 0.5 percent on Tuesday, according to financial bookmakers.* The UK blue chip index closed up 0.34 percent at 6,753.18 points on Monday following a rally in banking and mining stocks, although a slump in utilities kept a lid on broader market gains. REYNOLDS AMERICA/BATS: U.S. cigarette maker Reynolds American...Read More

* Dollar at 11-month peak vs currency basket* Treasury yields jump on inflation, supply risks (Updates to U.S. market close, adds comment)By Rodrigo CamposNEW YORK, Nov 14 (Reuters) - The U.S. dollar hit an 11-month peak against a basket of currencies on Monday as the risk of faster U.S. inflation and wider budget deficits sent Treasury bond yields shooting higher.Both the U.S. currency and yields...Read More

* Dollar at 11-month peak vs currency basket* Treasury yields highest of year on inflation, supply risks (Updates prices)By Rodrigo CamposNEW YORK, Nov 14 (Reuters) - The U.S. dollar hit an 11-month peak against a basket of currencies on Monday as the risk of faster inflation and wider budget deficits sent Treasury bond yields shooting higher.Both the U.S. currency and yields pared some gains in a...Read More

Mining costs in Chile, the world's No. 1 copper producer, were among the highest in the world last year even though most companies spent 2015 cutting expenses and placing projects in the back burner, a new study released Monday shows.Data from the Mining Council, which groups the largest copper, gold and silver miners operating in Chile, reveal that production costs in the country last year were 5...Read More

Venezuela and Gold Reserve (TSE:GRZ), have agreed to rework the terms of a $770 million settlement relating to the seizure of the company's Las Brisas gold-copper mine in 2008.The aggregate payments to be made by Venezuela have not changed and the payments will be completed seven months earlier than originally contemplatedThe Spokane, Washington-based company announced a revised schedule of...Read More

* Dollar at 11-month peak vs currency basket* Treasury yields highest of year on inflation, supply risks* Crude oil falls on oversupply fears, dollar strength (Updates with U.S. prices, changes comments, dateline from previous LONDON)By Rodrigo CamposNEW YORK, Nov 14 (Reuters) - The U.S. dollar hit an 11-month peak against a basket of currencies on Monday as the risk of faster inflation and wider...Read More

* Dollar tops 107 yen, at 11-month peak vs currency basket* Treasury yields highest of year on inflation, supply risks* European shares, Nikkei jump; ex-Japan Asia shares skid* Industrial metals extend bull run, oil goes flat* NZ dollar slips as earthquakes rock countryBy Marc JonesLONDON, Nov 14 (Reuters) - The U.S. dollar hit an 11-month peak on Monday as the risk of faster inflation and wider b...Read More

* Dollar tops 107 yen, at nine-month peak against currency basket* Treasury yields highest since Jan on inflation, supply risks* European shares, Nikkei jump, but Asia shares ex-Japan skid* Industrial metals extend bull run, oil goes flat* NZ dollar slips as earthquakes rock countryBy Marc JonesLONDON, Nov 14 (Reuters) - The U.S. dollar hit an 11-month peak on Monday as the risk of faster domestic...Read More

Investing.com - Gold prices fell to a more than five-month low on Monday, extending four straight sessions of losses as market players continued to dump the yellow metal in wake of Donald Trump's victory in the U.S. presidential election.Gold for December delivery on the Comex division of the New York Mercantile Exchange sank to an intraday low of $1,212.00 a troy ounce, a level not seen since Jun...Read More

Trumpism as a stress test for democracy .... A series of populist anti-globalism shocks is a test for Western democracies. Trump's stunning ascent to the White House is the clearest signal yet of an anti-establishment revolt unfolding in major democracies, stretching across the Atlantic. - Swiss Info TechWas Trump's victory actually created by the very globalist elites that Trump is supposed to h...Read More

Trumpism as a stress test for democracy .... A series of populist anti-globalism shocks is a test for Western democracies. Trump's stunning ascent to the White House is the clearest signal yet of an anti-establishment revolt unfolding in major democracies, stretching across the Atlantic. - Swiss Info TechWas Trump's victory actually created by the very globalist elites that Trump is supposed to h...Read More