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
(IDEX Online) - Alrosa reported a 28 per cent increase in year-on-year revenue for Q1 from rough and polished sales - up to $1.16bn.The figure was down five per cent on the previous quarter and comprised $1.126bn of rough and $33m of polished.In its quarterly operating results, the Russian state-owned miner said demand for diamond jewelry remained sustainably high at all the key markets.&nbs...Read More
(IDEX Online) - Tiffany & Co has ended its "most consistent relationship with the public " by ditching its daily page-three ad in printed editions of The New York Times.The tradition dates back more than a century, to 1896.The iconic jeweler, newly-acquired by the French luxury conglomerate LVMH, will maintain a similar ad spend with the paper, says the fashion bible WWD, but will divert more...Read More
(IDEX Online) - The British government has endorsed a court ruling that diamond billionaire Nirav Modi - accused of a $1.85bn bank fraud - should be extradited to India.He's opposed extradition since his arrest in London in March 2019 and now has two weeks to make a last-ditch High Court appeal against the move."On 25 February the District Judge gave judgment in the extradition case of Nirav...Read More
In their search for future mines, many companies are turning to the Far North as existing resources are depleted. The North features favourable geology, mining-friendly policies and is much less explored than more established destinations to the south. Below, we provide an overview of eight companies focused on the northern portion of this continent.Gold TerraGold Terra Resource (TSXV: YGT; US-OTC...Read More
With gold's reputation as a store of value and recent gold-focused merger and acquisition activity, there is renewed investor interest in companies active in this exploration.Read full newsRead More
With gold's reputation as a store of value and recent gold-focused merger and acquisition activity, there is renewed investor interest in companies active in this exploration.Read full newsRead More
The decay of America’s middle class has been well documented and many commentators have explored the causes.This decay isn’t random; the income of the middle class isn’t going to suddenly increase at 15 times the growth rate of the income of the top 0.1%.The income of the top 0.1% grew 15 times faster than the incomes of the bottom 90% because that’s the only possible outpu...Read More
FireFox Gold Corp. is pleased to report that it has encountered cRead full newsRead More
About 150 tonnes of gold worth $8.5 billion at current prices is likely to be shipped following the green light from Beijing.Read full newsRead More
With gold's reputation as a store of value and recent gold-focused merger and acquisition activity, there is renewed investor interest in companies active in this exploration.Read full newsRead More
China has given domestic and international banks permission to import large amounts of gold into the country, five sources familiar with the matter said, potentially helping to support global gold prices after months of declines.China is the world's biggest gold consumer, gobbling up hundreds of tonnes of the precious metal worth tens of billions of dollars each year, but its imports plunged...Read More
China has given domestic and international banks permission to import large amounts of gold into the country, five sources familiar with the matter said, potentially helping to support global gold prices after months of declines.China is the world's biggest gold consumer, gobbling up hundreds of tonnes of the precious metal worth tens of billions of dollars each year, but its imports plunged...Read More
Empress Royalty Corp. is pleased to announce the execution of theRead full newsRead More
With gold's reputation as a store of value and recent gold-focused merger and acquisition activity, there is renewed investor interest in companies active in this exploration.Read full newsRead More
Figure 1 Location of Tintina Concession TORONTO, April 13, 2021 (GLOBE NEWSWIRE) -- Q-Gold Resources Ltd (TSXV: QGR, OTC: QGLDF, FRA: QX9G) ("Q-Gold" or the "Company") is pleased to announce that it has signed a binding Letter of Intent ("LOI") with Quantum Energy and Gas, LLC ("Quantum") to acquire 90% of the rights on the mining title for the highly prospective Tintina concession (the "Mining Ti...Read More
Data released on Friday showed Chinese GDP grew by a record 18.3% year-on-year in Q1.Read More
The A$62 million contract will see it support Newmont's new 3.5 million ounce Ahafo North development in Ghana, about 30km from the existing Ahafo South operations. Lycopodium has been working with Newmont in Ghana since 2003 helping develop both Ahafo South in 2006 and, in 2013, the Akyem gold mine some 150km away. It has been involved in the engineering designs to facilitate the procur...Read More
In a new report on copper, global investment bank Goldman Sachs says meeting the Paris climate goals and supporting the green transition away from fossil fuels and towards electrification will see a surge in copper demand and forecasts a long-term supply gap of 8.2 million tonnes of the metal by 2030, the "highest on record" and "twice the size of the gap that triggered the bull market in copper i...Read More
Nighthawk Gold (TSX: NHK; US-OTC: MIMZF) hopes to develop Canada's next gold camp at its 100%-owned Indin Lake gold project in the Northwest Territories, about 220 km north of Yellowknife, says Keyvan Salehi, the company's president and CEO. The property has "the right land position and geological setting and structures to host significant gold deposits and has the potential to become a major go...Read More
Vancouver, Canada, based Barrett makes way for McGurk after spending 16 of his 40 years with SRK as CEO. He will continue to perform internal advisory roles and do project work with the firm.McGurk, based in Cardiff, Wales, became a director of SRK in 2015 and is described as an underground mining specialist who has worked in strategic and concept planning, operations management, and business plan...Read More