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

As the threat of a trade war with China cast a shadow over Wall Street early Wednesday, April 4, the price of gold, which is considered a safe-haven asset, jumped. In morning trading Wednesday, gold futures for June delivery gained 0.72% to $1,346.90 per troy ounce. At the same time, the SPDR Gold Shares ETF (GLD) rose 0.77% to $127.27. The spike in gold prices Wednesday morning came in conjun...Read More

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed higher Monday despite a big decline in Boeing (BA) shares after the deadly crash of a 737 MAX 8 jet over the weekend. Nvidia (NVDA) will buy Israel's Mellanox Technologies (MLNX) for around $7 billion, outbidding chipmaking rival Intel (INTC) for the cloud computing semiconductor specialist....Read More

Geopolitical uncertainty is helping to support gold prices, but an impending rate hike in less than two weeks could finally take its toll on the market, with some analysts expecting gold prices to test support below $1,300 an ounce in the near-term. The gold market closed its second week in relatively neutral territory, within a narrowing trading range. April gold futures last traded at $1,329 a...Read More

Good Morning Rewind Friends! You're no doubt feeling a little more exhausted than usual this morning. That's because we're all springing forward with daylight savings time. Did you know that the biannual tradition celebrates 100 years, this year? Daylight Savings Time, What You Need to Know Established in the U.S. in 1918Established to save energy, but time-skeptics say that is no longer...Read More

Wobbly stock prices are sending many panicked people running scared for gold, sending prices for the yellow metal soaring. Savvy investors should follow suit. The World Gold Council recently reported that investors sank $3.1 billion into gold-backed exchange-traded funds for the second month in a row during January. That's the fourth consecutive month of net inflows for gold ETFs, with the ove...Read More

Not many asset classes performed well in 2018, but gold managed to escape with only about a 1% loss -- and the charts tell me it could shine even more brightly in 2019. After all, a 1% drop for 2018 was actually pretty decent considering the fact that gold had a massive swoon over the summer, down more than 10% at one point. And remember that many other asset classes did even worse....Read More

Gold miners are continuing to glitter in 2019, as U.S. stocks fade early in Tuesday's trading session. After opening higher for a third straight session, the big S&P 500 index is reversing course as the trading day progresses, cooling off as investors hope for a rebound following the worst year for stocks since the financial crisis of 2008. With investor uncertainty abounding in 2019, one of the...Read More

In any type of commercial geological investigation, it is always important to know "who" and "what" has gone before. In most cases, this is perceived as reviewing the company, corporate or agency files and doing a quick check of previously published material. All too often a company finds out later (that is, after investing large sums of money to acquire "new" data or information, or after the com...Read More

Main ConclusionsThe Government of Alberta has run nearly uninterrupted deficits since 2008/09 including deficits expected to average over $9 billion annually between 2016/17 and 2018/19.Alberta's deficit today is much larger than the deficit the current government inherited (about $6 billion) when it took office in 2015/16.Blaming depressed oil prices or fiscal challenges that pre-date the recent...Read More

On May 6, 2016, just three days after a wildfire engulfed Fort McMurray, Alta., and forced the evacuation of more than 80,000 people, business icon and philanthropist Peter Munk donated $1 million to the Red Cross to help displaced Alberta families.Measured against all of Munk’s charitable donations — which have totalled more than $200 million — it was a small amount. But this gi...Read More

Canadian gold mining companies have moaned for months that cryptocurrencies and blockchain companies are luring investors who would otherwise put their money into precious metals. Now, Vancouver-based Goldcorp Inc., one of the world’s largest gold producers, is dabbling in its own blockchain investment, albeit in a minor way: This week, it sent 3,000 ounces of gold — worth about U...Read More

A telling story comes to mind when Ammar Al-Joundi thinks back on his time as chief financial officer at Barrick Gold Corp. and its iconic founder Peter Munk, who passed away on Wednesday at age 90.The two men were standing in the expansive lobby of the TD Canada Trust Building, chatting amiably, when Al-Joundi caught sight of an elderly gentleman some 30 feet away who slipped and fell hard on the...Read More

The Insurance Corporation of British Columbia (ICBC) experienced a horrible financial year in 2016-17. It suffered its largest ever annual loss of $889 million, an amount equal to 18 percent of its total premiums, and it is heading for a $1.3 billion loss in 2017-18, which would represent 23 percent of its revenue from premiums. The corporation's claim costs have risen, its investment income has s...Read More

Vancouver’s Teck Resources is buying out a minority partner in a major copper project in Chile at a cost that could reach as high as $262.5 million.The total price tag, however, will depend on copper prices — often considered a barometer for global macroeconomic growth because it is used in so many products — and which at the moment are sliding as the U.S. and China slap tariffs...Read More

It's 11:55 p.m. and Steven Howard has just returned to his hotel room in Beijing after a draining day of meetings to promote his lithium exploration company. The next morning, he would fly to Seoul to do it again, and then on to Tokyo.“I’ve got wings and wheels strapped to my rear end,” he says about his travel schedule which included stops in Hong Kong, Shenzen, Huizhou and Tian...Read More

Victory Mines (ASX:VIC) hasreceived an updated progress report from geology consultant, Xplore Resources, on its NSW assets, confirming that geochemical analysis is now underway. Xplore has concluded the firstphase of the surface soil-sampling program, focused on pre-selected high-prioritytargets aligned with magnetic peaks.Geochemical analysis follows thecompletion of field mapping and preliminar...Read More

Auroch Minerals Limited (ASX:AOU) this morning informed the market that it has completed the acquisition of 90% of the Arden Zinc Project and 100% of the Bonaventura Zinc Project, both located in the world-class mining region of South Australia.The company can confirm the completion of the acquisitions following shareholder approval at a general meeting today. As reported by the company, the trans...Read More

ArcherExploration Limited (ASX:AXE) has today announced the findings of technicalanalysis undertaken at the world-class Australian Centre forMicroscopy & Microanalysis at The University of Sydney. The analysisfocused on the structural and physical properties of graphite samples sourcedfrom its Campoona graphite deposit, via viewing individual carbon atoms at anatomic scale.Theanalysis found th...Read More

The decision by Kinder Morgan to suspend all non-essential spending on its Trans Mountain pipeline despite regulatory approval is yet another sign of the significant problems in Canada's energy sector and indeed our broader economy. Fraser Institute analysts have weighed in on a host of different aspects of this decision and its implications for Canada's investment and business climate. For more i...Read More

ArcherExploration (ASX:AXE) has penned a deal with Urbix Resources for preliminarypurification testing of graphite from its Campoona Graphite Project to identifygrades suitable for battery and energy storage applications.Urbix has developed a low-temperature,non-oxidative purification technique which reduces the input costs andenvironmental impacts whilst still yielding graphite grades suitable fo...Read More