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

Gold Mining Sector is Rising on Global Economic Fears

April 01, 2019 /

Bond yields are crashing in major markets all around the world as there are fears of a global economic slowdown. Read for details.Read full newsRead More

Struggling small miners may lead to bigger industry woes

March 28, 2019 /

Small miners are finding it increasingly difficult to raise capital to fund new ventures despite the positive demand outlook for several commodities and a world still largely awash with cheap credit.The problems facing these 'junior' mining explorers may also have implications beyond a bunch of seemingly inconsequential companies struggling to progress. How they cope is likely to affect how the mi...Read More

Gold Prices Lose Momentum After Hitting One-Month High

March 27, 2019 / - Gold prices traded lower on Tuesday in Asia after hitting a one-month high the previous day.Gold futures traded on the Comex division of the New York Mercantile Exchange were down $5.05, or 0.4%, at $1,323.95 per ounce by 1:40 AM ET (05:40 GMT).The fall in gold prices came as stock markets and other risky assets recovered from a tumble on Monday.The precious metal received support...Read More

Rio Tinto halts rail, mine operations in Western Australia as cyclone hits

March 24, 2019 /

Rio Tinto, the world's No. 2 iron ore miner, said on Sunday it was suspending rail operations in the Pilbara region and mining at the Robe Valley operations in Western Australia as a severe tropical cyclone hit the state's far north.The suspension comes after Rio, BHP, and Fortescue on Thursday cleared their ships from ports ahead of Cyclone Veronica, which reached land south of Port Hedland, the...Read More

VanEck shares Paulson's concerns on Newmont-Goldcorp merger

March 22, 2019 /

Paulson & Co. isn't the only Newmont Mining Corp. shareholder that's expressing concerns over the terms of the gold miner's $10 billion purchase of Goldcorp Inc."I think Paulson has a valid point," said Joe Foster, a portfolio manager at VanEck - one of the biggest Newmont shareholders. When the deal was inked, investors were unaware of the "outrageous payouts" that would be given to Goldcorp exec...Read More

U.S. sanctions Venezuela gold mining company for backing Maduro

March 21, 2019 /

The United States imposed sanctions on Tuesday against Venezuela's state-run gold mining company Minerven and its president, Adrian Perdomo, accusing them of illicit operations and propping up the government of President Nicolas Maduro.The announcement comes days after Uganda said it was investigatingRead full newsRead More

#Palladium Panic-Bid To Record Highs As Putin Corners Market | Zero Hedge

March 19, 2019 /

Palladium soared to a new record high over $1600 an ounce overnight, up 27% year-to-date, as global supply concerns dominate slumping-auto-demand fears.Read full newsRead More

Ontario Minister Rickford pledges to cut red tape, slams C-69

March 17, 2019 /

The Ontario government has put together a new mining taskforce to help it overhaul the Mining Act.Whereas the previous Liberal government also passed legislation to modernize the Mining Act, Greg Rickford, Mines Minister in the new Progressive Conservative government, says the focus is entirely different."When they were modernizing the Mining Act, the very real fear out in the industry was that it...Read More

Nickel demand growing thanks to EV boom: Western Areas

March 13, 2019 /

One of Australia's largest high-grade nickel producers, Western Areas (ASX: WSA), reported a significant increase in inbound off-take inquiries for nickel sulphide concentrate post current contract periods.According to the company's Managing Director, Dan Lougher, this new trend is primarily linked to the accelerating electric vehicle battery sector.Addressing the second day of the Paydirt 2019 Ba...Read More

South Africa's alluvial diamond miners hampered by lack of government support, funding and inappropriate regulations

March 11, 2019 /

Lengthy delays in securing mining permits and licences, onerous and inappropriate regulatory requirements, lack of funding for entrepreneurs, and a Mining Charter and implementation guidelines which are impractical for small operators - these are just some of the problems that confront start-up and existing alluvial diamond miners in the Northern Cape like Amo Marengwa and Lyndon de Meillon.Under...Read More

Rio Tinto's shares take hit after two analyst downgrades

March 07, 2019 /

Iron ore mining giant Rio Tinto's (LON: RIO) shares dropped more than 7% on the London Stock Exchange Thursday, following two consecutive analyst downgrades.On Wednesday, Swiss bank UBS lowered its Buy rating for Rio Tinto to Neutral, citing a possible downturn in iron ore prices over the next six months.This was followed up Thursday by another downgrade - from Hold to Sell by French investment...Read More

Newmont Mining rejects hostile takeover bid from Canada's Barrick Gold

March 06, 2019 /

The board of US mining company Newmont on Monday unanimously rejected a hostile takeover bid from Canadian rival Barrick Gold, saying its own merger with Goldcorp was a better option.Toronto-based Barrick announced the takeover offer last week, proposing a share swap that would have combined the worldRead full newsRead More

Mineral exploration growing in BC - Survey

March 03, 2019 /

For the second year in a row, mineral and coal exploration expenditure in British Columbia increased in 2018.This is according to the British Columbia Mineral and Coal Exploration Survey carried out by the provincial Ministry of Energy, Mines and Petroleum Resources, the Association for Mineral Exploration and Ernst & Young.After collecting insights from nearly 300 exploration projects across BC,...Read More

Saskatchewan best place to mine in Canada

February 28, 2019 /

The Fraser Institute has released its annual ranking of the best jurisdictions for mineral investment. Four of the top 10 places are Canadian provinces, with Saskatchewan in the lead with the No.3 spot.The institute released its Annual Survey of Mining Companies on Feb. 28, the 21st time it has compiled the rankings. Mining executives in 83 jurisdictions around the world weighed in on geological a...Read More

Dozens of People Have Been Buried After an Unlicensed Gold Mine Collapsed in Indonesia

March 01, 2019 /

As many as 60 people are buried, a local disaster official saidRead full newsRead More

Barrick Gold unveils $18 billion all-stock bid for Newmont Mining

February 27, 2019 /

Barrick Gold Corp's chief executive defended the world's largest gold ...Read full newsRead More

Barrick Gold Is Going Hostile in Bid for Newmont Mining With $17.8 Billion Offer

February 27, 2019 /

The offer raises the potential for a three-way fight between some of the world's largest gold miners.Read full newsRead More

Gold Mining ETFs are Hot Now: Will This Continue?

February 25, 2019 /

Gold has been on a tear, thanks to the patient Fed and the investors' flight to safety. The trend is likely to continue in the coming weeks as well.Read full newsRead More

Gold prices hold at 10-month highs; markets await Fed minutes

February 21, 2019 /

Palladium prices broke above $1,500 for the first time on Wednesday due to a pro...Read full newsRead More

Gold Price Rises; Traders Await Clarity on U.S.-China Trade Talks

February 20, 2019 / - Gold prices rose while the U.S. dollar traded near flat on Tuesday in Asia as traders awaited clarity on U.S.-China trade talks.In futures trading, gold's benchmark April contract on the Comex division of the New York Mercantile Exchange was up 0.4% at $1,326.75 per ounce by 1:32 AM ET (06:32 GMT).The precious metal has benefited from a weaker U.S. dollar during the past week, risi...Read More

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