News and Reports

Year in Review 2023 and Outlook for 2024

January 04, 2024

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

Year in Review 2022 and Outlook for 2023

January 2023

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: The Heart of Global Copper

October 2021

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 Gold

June 2021

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 Gold Mining and Canadian Juniors

April 2021

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

An Overview of the Golden Triangle

July 2020

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

An Overview of Quebec Gold Mining

April 2020

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

An Overview of the Red Lake Mining District

January, 2020

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

Western Authorities Protest Over Lack of Respect for Global Justice

May 13, 2016 / www.thedailybell.com

Western envoys in Uganda walk out of Museveni swearing-in 12 May 2016 ... The swearing-in ceremony was the fifth since President Museveni took power in 1986 Western delegations attending the inauguration of Ugandan President Yoweri Museveni have walked out of the ceremony in protest. – BBCThe West has a positive fetish about large-scale justice. And its latest obsession is the Internationa...Read More

As Predicted, Brazil and its Olympics Embroiled in CIA Fallout

May 13, 2016 / www.thedailybell.com

The Coup Plot That Seeks to Oust Brazil’s President ... Russia Blames ‘Foreign Interference’ for Brazil Coup ... CIA has an extensive record of carrying out covert operations around the globe aimed at destabilizing governments that refuse to comply with U.S. interests. – TelesurOver the past months, we've written several articles on Brazil and US destabilization of th...Read More

Swedish Bronze Age axes made with copper from Cyprus

May 12, 2016 / www.mining.com

Ancient bronze tools unearthed in Sweden were made using copper from the Mediterranean, showing there was trade between the two cultures, archeologists have found.According to a story carried in Haaretz, an Israeli daily newspaper, copper mined in Sicily, Sardinia, the Iberian peninsula and Cyprus was exchanged for Nordic amber, which was as highly valued as gold in Mycenaean Greece and in the pr...Read More

The One Thing Trump Needs to Accept in Order to Win the Presidency

May 12, 2016 / www.thedailybell.com

Republicans Pray Trump Will ‘Evolve’ on Foreign Policy ... Donald Trump may eventually find some common ground with Congress on economics, but there's less hope for unity between the Republicans and their presumptive presidential nominee when it comes to foreign policy. Some senior party figures hope Trump's views will "evolve" to the point where the party can feel comfortable defend...Read More

When Central Banks are Forced to do What They Hate…

May 12, 2016 / www.thedailybell.com

Central banks are loading up on gold ... This has been a great year for gold. The precious metal is up 19%, and recently crossed $1,300 per ounce for the first time in 15 months before pulling back into the $1,265 area. - Yahoo, Business InsiderYesterday, we wrote about two simple, powerful factors boosting gold.First, the equity "bull" market is at least seven years old now and can't be counted...Read More

IMF: A Corrupt Cop Policing Corruption

May 12, 2016 / www.thedailybell.com

Global corruption costs trillions in bribes, lost growth ... Public sector corruption siphons $1.5 trillion to $2 trillion annually from the global economy in bribes and costs far more in stunted economic growth, lost tax revenues and sustained poverty, the International Monetary Fund said on Wednesday. – ReutersThe IMF has just announced that doing away with corruption worldwide is "criti...Read More

The One Thing Trump Needs to Accept in Order to Win the Presidency

May 12, 2016 / www.thedailybell.com

Republicans Pray Trump Will ‘Evolve’ on Foreign Policy ... Donald Trump may eventually find some common ground with Congress on economics, but there's less hope for unity between the Republicans and their presumptive presidential nominee when it comes to foreign policy. Some senior party figures hope Trump's views will "evolve" to the point where the party can feel comfortable defend...Read More

When Central Banks are Forced to do What They Hate…

May 12, 2016 / www.thedailybell.com

Central banks are loading up on gold ... This has been a great year for gold. The precious metal is up 19%, and recently crossed $1,300 per ounce for the first time in 15 months before pulling back into the $1,265 area. - Yahoo, Business InsiderYesterday, we wrote about two simple, powerful factors boosting gold.First, the equity "bull" market is at least seven years old now and can't be counted...Read More

IMF: A Corrupt Cop Policing Corruption

May 12, 2016 / www.thedailybell.com

Global corruption costs trillions in bribes, lost growth ... Public sector corruption siphons $1.5 trillion to $2 trillion annually from the global economy in bribes and costs far more in stunted economic growth, lost tax revenues and sustained poverty, the International Monetary Fund said on Wednesday. – ReutersThe IMF has just announced that doing away with corruption worldwide is "criti...Read More

Miners going broke - worst still to come

May 11, 2016 / www.mining.com

Already high bankruptcy and default rates in mining & metals and oil & gas will only accelerate this year and the prolonged downturn in commodities will increasingly spill over into other sectors.So says Moody's Investors Service in a new report which forecasts global speculative-grade (sometimes called junk) default rates will continue to rise this year, to reach 5% in November due to continue...Read More

Beware of the Chaos of Helicopter Money

May 11, 2016 / www.thedailybell.com

Indian central bank governor says helicopter money no panacea ... Indian Central Bank Governor Raghuram Rajan said on Tuesday that he had doubts “helicopter money”, or free cash given directly to citizens to stimulate growth, would be successful if adopted by developed world policymakers. -ReutersRaghuram Rajan has come out against helicopter money and this is probably to be expected f...Read More

China’s Landing Will Not End Softly

May 11, 2016 / www.thedailybell.com

Why China Is Prone to Bubbles ... The only sure way for China to prevent new bubbles is to tighten credit, slow money growth and allow risk to price assets properly. If the government keeps stepping in to prevent falling prices and to bail out banks or other investors, the possibility of loss is discounted. The probability of an asset crunch like the ones Japan experienced in the 1990s and the...Read More

Two Powerful, Simple Facts Giving Gold a Major Boost

May 11, 2016 / www.thedailybell.com

Bloomberg Singer Says Gold Rally Just Beginning as Goldman Sees Losses ... Billionaire hedge fund manager Paul Singer said that gold's best quarter in 30 years is probably just the beginning of a rebound as global investors — including Stan Druckenmiller — weigh the ramifications of unprecedented monetary easing on inflation. "It makes a great deal of sense to own gold. Other investors...Read More

Beware of the Chaos of Helicopter Money

May 11, 2016 / www.thedailybell.com

Indian central bank governor says helicopter money no panacea ... Indian Central Bank Governor Raghuram Rajan said on Tuesday that he had doubts “helicopter money”, or free cash given directly to citizens to stimulate growth, would be successful if adopted by developed world policymakers. -ReutersRaghuram Rajan has come out against helicopter money and this is probably to be expected f...Read More

China’s Landing Will Not End Softly

May 11, 2016 / www.thedailybell.com

Why China Is Prone to Bubbles ... The only sure way for China to prevent new bubbles is to tighten credit, slow money growth and allow risk to price assets properly. If the government keeps stepping in to prevent falling prices and to bail out banks or other investors, the possibility of loss is discounted. The probability of an asset crunch like the ones Japan experienced in the 1990s and the...Read More

Two Powerful, Simple Facts Giving Gold a Major Boost

May 11, 2016 / www.thedailybell.com

Bloomberg Singer Says Gold Rally Just Beginning as Goldman Sees Losses ... Billionaire hedge fund manager Paul Singer said that gold's best quarter in 30 years is probably just the beginning of a rebound as global investors — including Stan Druckenmiller — weigh the ramifications of unprecedented monetary easing on inflation. "It makes a great deal of sense to own gold. Other investors...Read More

CHARTS: The May mining and metals meltdown

May 10, 2016 / www.mining.com

Against expectations and in some instances in defiance of fundamentals, commodities managed to climb a wall of worry over the first four months of 2016 giving mining stocks a welcome boost after three years of declines.But seven trading days into May and much of the gains are being wiped out as fears about the health of the Chinese economy returns with a vengeance. Demand for bellwether commod...Read More

BC mining industry faced another difficult year with continued downtown in commodity prices: PwC survey

May 10, 2016 / www.mining.com

Commodity prices have been on a downward trend for the past five years, which has put pressure on the budgets and operations of British Columbia's (BC) mining companies in 2015. According to the annual PwC BC Mining Industry Survey for 2015 the continued drop in the price of key metals and minerals, particularly metallurgical coal and copper, has led to a number of mines in BC being put into care...Read More

A mea culpa for not recognizing the 2011 resource bubble

May 10, 2016 / www.mining.com

There was no commodity paradigm shift and there was no "peak everything" in 2011, says Jeremy Grantham in his recent letter to investors.The storied investor, writing in this spring's GMO Quarterly Letter, runs an autopsy on his own bullish outlook on commodities in 2011 and dissects how it all went wrong.Boston-based Grantham, Mayo, & van Otterloo has more than US$118 billion in assets under mana...Read More

BHP resumes expansion plans, says not waiting for prices to recover

May 10, 2016 / www.mining.com

Andrew Mackenzie says BHP won't wait for prices to recover, and insists the giant miner continues to drive down costs. (Image from archives)World's largest mining company BHP Billiton (ASX, NYSE:BHP) (LON:BLT) has decided to resume investing in projects aimed to boost production capacity, particularly in copper and oil, even if commodity prices have not fully recovered yet.Speaking at the Global M...Read More

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