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
Small-scale gold mining has led to the destruction of more than 170,000 acres of primary rainforest in the Peruvian Amazon over the past five years, according to new research.Read full newsRead More
The two amateur prospectors spied what they had come looking for- an abandoned mine shaft possibly hiding treasure within. But it wasn't gold or silver the two sought in a rural Nevada ...Read full newsRead More
Don't listen to what miners say. Look at what they do.That's good advice for working out the long-term direction of commodities prices. Ask mining companies which of their mineral assets will see good long-term demand and they'll naturally answer, "All of them." But a look at spending can give the lie to that rosy outlook - and highlight the times when they're putting their money where their bulli...Read More
Don't listen to what miners say. Look at what they do.That's good advice for working out the long-term direction of commodities prices. Ask mining companies which of their mineral assets will see good long-term demand and they'll naturally answer, "All of them." But a look at spending can give the lie to that rosy outlook - and highlight the times when they're putting their money where their bulli...Read More
Global gold production may be entering its fifth "peak gold" period in modern history, and gold mining in Quebec provides opportunity.Read full newsRead More
Alexander Pearce, vice-president of metals and mining research at BMO Capital Markets, says he expects a rising price environment for uranium to help Kazatomprom's stock.Read full newsRead More
Illegal gold mining in the Amazon has reachedRead full newsRead More
For the Eastern Washington town of Republic, dreams of revival rest on a new approach to gold mining.Read full newsRead More
Investing.com - Gold prices rose on Friday, on track for the highest weekly gain since August as lower-than-expected jobs data weighed on the U.S. dollar.Comex gold futures for February delivery jumped 0.62% to $1,251.35 a troy ounce as of 11:26 AM ET (16:26 GMT).Disappointing jobs data pushed the U.S. dollar lower, which helped boost demand for gold.Nonfarm payrolls rose by 155,000 in November, w...Read More
In August, Semafo (TSX: SMF) started flying expatriate employees by helicopter from its Boungou and Mana mines in Burkina Faso to the capital city of Ouagadougou.The Toronto-based company also heightened and reinforced escorts for the transportation of its national employees between the mines and their villages.At Boungou, the government deployed a ground military force on the route between the mi...Read More
The race to build a better electric car battery is turning to silicon, with several companies working to engineer types of the material that can boost driving range and cut production costs.About 500,000 electric vehicles (EVs) were sold globally in 2016, a figure that is expected to jump sevenfold by 2022, according to the U.S. Energy Information Administration.That increase is forecast to be hel...Read More
The story of RNC Minerals (TSX:RNX), better known as Royal Nickel Corp, is getting interesting by the day. If you haven't heard about the company, RNC Minerals is a junior Canadian miner that was, until some months ago, focused on developing its Dumont Nickel project, touted to be the world's largest nickel sulphide deposit.All of that changed in September when RNC discovered huge gold deposits f...Read More
Investing.com - Gold prices were little changed on Monday as the dollar traded near 16-month highs and traders awaited U.S. inflation data due later this week.Meanwhile, Federal Reserve Chairman Jerome Powell’s speech on Wednesday would also be closely watched as he discusses national and global economic issues.The Fed indicated earlier this month that it is still on course to hike interest...Read More
Investing.com - Gold prices erased gains seen a day earlier when news that the Democrats had taken control of the House of Representatives, effectively creating a political gridlock in Congress, had dampened demand for the dollar and benefited the precious metal. As gold pulled back to Tuesday’s closing price, investors focused their attention on the upcoming monetary policy decision from th...Read More
Investing.com - This week precious metals traders will be focused on the U.S. mid-term elections and the Federal Reserve’s November meeting as markets continue to digest Friday’s strong U.S. jobs report.Voters on Tuesday will decide key races in Congress and state governments and the results could influence the Trump administrations ability to pass additional tax and trade reforms.The...Read More
Full Article: SWOT Analysis: Money Managers Left Gold Shorts at a Record PaceBy: Frank HolmesStrengthsThe best performing metal this week was palladium, up 2.16 percent as hedge funds boost their net long position to a 7-month high on supply concerns. Traders and analysts in the weekly Bloomberg survey were the most bullish in a month as gold heads for its highest price since mid-July. The yellow...Read More
Global gold demand was steady in Q3 2018 at 964 tonnes (t), up just 6t year-on-year according to the World Gold Council’s latest Gold Demand Trends report. Robust central bank buying and a 13% rise in consumer demand offset large outflows in gold-backed exchange-traded funds (ETFs). Lower gold prices saw retail investors take refuge in bars and coins, while jewellery purchases increased in I...Read More
B2Gold's Fekola gold mine in Mali, West Africa. Source: B2Gold Corp.B2Gold Corp. [BTO-TSX, BTG-NYSE] on Thursday announced a better-than-expected resource estimate for its Fekola mine in Mali, West Africa. The Vancouver company also released positive results from a mill expansion study at the Fekola mine.The increased mineral resource and the positive results, to date, from the Fekola mill expan...Read More
Copper prices are due to rebound next year as healthy supply/demand fundamentals overcome macro-economic worries, a Reuters poll showed.Read full newsRead More
Shallow infill and step-out drilling 250 metres south of the main deposit at Liberty Gold's (TSX: LGD) flagship Goldstrike project in Utah, suggests that oxide gold bearing feeder structures follow multiple orientations that cross-cut the main deposit trend, the company says.Exploration results from the Peg Leg area at the past-producing mine also indicate that the zone has starter pit potential g...Read More