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
Eldorado Gold (TSX: ELD; NYSE: EGO) is pushing ahead with pre-construction work at its Skouries gold-copper project in northern Greece, which was halted from 2017 to last year due to government delays in issuing permits and community opposition. After inking a new investment contract with Greece in early 2021, Eldorado has focused on resuming construction at the mine, which has reserves of 3....Read More
Just two months after closing its acquisition of the Okanjande graphite deposit and Okorusu processing plant in Namibia, Northern Graphite (TSXV: NGC; US-OTC: NGPHF) has completed a preliminary economic assessment on a restart of the operation, which was put on care and maintenance in November 2018.Northern Graphite says the project could be brought back into first production within nine to 12 mon...Read More
Results from the first four diamond drill holes at its Hopper porphyry/skarn copper-gold project in southwestern Yukon are encouraging, says junior explorer CAVU Energy Metals (CSE: CAVU; US-OTC: CAVVF). The 7,400-hectare project is about 180 km northwest of Whitehorse and CAVU is earning a 70% stake in the project under an option agreement with project generator Strategic Metals (TSXV: SMD).Drill...Read More
With valuations creeping lower by the day, it's only a matter of time before the great market reversal of 2022...That might be a little ambitious, as the upcoming earnings season will likely bring more pain to companies that haven't been performing well.But if you've been reading us for any length of time, you know we're contrarians here at Outsider Club.When the market zigs, we zag.And when...Read More
US experts in a former gold mine in South Dakota have begun hunting evidence of dark matter, which is believed to make up 95% of our universe's mass.Read full newsRead More
Harmony Gold Mining Company Limited (NYSE:HMY) price on Friday, July 08, rose 3.69% above its previous day's close as an upside momentum from buyers pushed the stock's value to $3.37. A look at the stock's price movement, the level at last check in today's session was $3.25, moving withiRead full newsRead More
(All dollar amounts are United States dollars unless otherwise stated)Read full newsRead More
US experts in a former gold mine in South Dakota have begun hunting evidence of dark matter, which is believed to make up 95% of our universe's mass.Read full newsRead More
Reed's Inc. (NASDAQ:REED) price on Friday, July 08, rose 3.23% above its previous day's close as an upside momentum from buyers pushed the stock's value to $0.17. A look at the stock's price movement, the close in the last trading session was $0.16, moving within a range at $0.1621 and $Read full newsRead More
(All dollar amounts are United States dollars unless otherwise stated)Read full newsRead More
Gold prices are inversely related to the U.S. dollar. Therefore, a strengthening dollar has recently led to a decline in gold prices. While declining gold prices affect gold mining stocks,...Read full newsRead More
Construction is ahead of schedule on the wind farm, which the company says will be the largest in Montana.Read full newsRead More
Reed's Inc. (NASDAQ:REED) price on Friday, July 08, rose 3.23% above its previous day's close as an upside momentum from buyers pushed the stock's value to $0.17. A look at the stock's price movement, the close in the last trading session was $0.16, moving within a range at $0.1621 and $Read full newsRead More
(All dollar amounts are United States dollars unless otherwise stated)Read full newsRead More
Gold prices are inversely related to the U.S. dollar. Therefore, a strengthening dollar has recently led to a decline in gold prices. While declining gold prices affect gold mining stocks,...Read full newsRead More
Construction is ahead of schedule on the wind farm, which the company says will be the largest in Montana.Read full newsRead More
(IDEX Online) - The iconic London jeweler Graff is reported to have paid a $7.5m ransom to Russian hackers who stole confidential data about tens of thousands of super-wealthy clients last October.The payment, made in Bitcoin, came to light after Graff launched a legal action against insurers for refusing to cover the loss, according to a Bloomberg report. The Russian cyber-criminal ransomwar...Read More
(IDEX Online) - Two men and a woman have been charged with a series of robberies on staff at jewelry stores across South Florida, USA, that netted merchandise worth millions of dollars. They are accused of conspiring to commit Hobbs Act robbery - taking property by means of actual or threatened force - in Miami Beach, Boca Raton, Lake Worth, Boynton Beach and Fort Pierce.The US Justice...Read More
(IDEX Online) - China's diamond trade declined by over 46 per cent in the first half of this year, as Shanghai was hit by a two-month long Covid lockdown.Total transactions for all rough and polished diamonds were $2.056bn from January to June.That's down from $3.82bn in the same period during 2021, according to the Shanghai Diamond Exchange (SDE), when China reported record high imports...Read More
COVID changed nearly every business across the marketplace for better and worse,...Read full newsRead More