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
African Gold Acquisition Corp., a special purpose acquisition company targeting gold assets on the continent, raised a more-than-expected $360 million ahead of a listing in New York on Friday.Read full newsRead More
(IDEX Online) - De Beers posted a $102m loss for 2020 as the pandemic took its toll, compared with a $45m profit the previous year.It's the first time it's dipped into the red since 2008, when parent company Anglo American provided an $800m rescue package of interest-free loans. Underlying EBITDA (earnings before interest, taxes, depreciation, and amortization) for last year fell to...Read More
(IDEX Online) - Alrosa is to sell one of the largest diamonds it has recovered since 2000.It says the 242.31-carat gem-quality stone could fetch well over $2m.The rough stone will be offered for sale at the Russian state-owned miner's 100th auction of large diamonds, which will take place in Dubai on 22 March. Viewings are from 14 to 21 March.Two other notable diamonds- weighing 190.74-carats...Read More
(IDEX Online) - Fugitive diamond billionaire Nirav Modi should be extradited to India, a UK judge ruled, overruling arguments that his mental health would suffer and prison conditions were poor.He is accused of fraudulently using letters of undertaking offered by the Punjab National Bank (PNB) in an alleged $1.85bn fraud.He is accused of persuading corrupt bank workers to approve low-rate loans fo...Read More
VANCOUVER, British Columbia, Feb 24, 2021 (GLOBE NEWSWIRE via COMTEX) --VANCOUVER, British Columbia, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Gold Standard...Read full newsRead More
Dynasty Gold is currently locked in a legal battle over ownership of the project with its state-owned Chinese partnersRead full newsRead More
Finance is often cloaked in arcane terminology and math, but the one dynamic that governs the future is actually very simple. Here it is:All debt is borrowed against future supplies of affordable hydrocarbons (oil, coal and natural gas).Since global economic activity is ultimately dependent on a continued abundance of affordable energy, it follows that all money borrowed against future income is a...Read More
Legendary investor Rick Rule joins us to discuss the precious metals, the ongoing #SilverSqueeze movement and the inner workings of the Sprott-managed PSLV. ...Read full newsRead More
Legendary investor Rick Rule joins us to discuss the precious metals, the ongoing #SilverSqueeze movement and the inner workings of the Sprott-managed PSLV. ...Read full newsRead More
Victory Resources Corp. recently added additional funding to itsRead full newsRead More
China's ferrous scrap imports will be far lower than expected, says Navigate CommoditiesRead full newsRead More
/PRNewswire/ -- Over the last decade, the global demand for gold has increased constantly and the pandemic has only bolstered that historical growth in both...Read full newsRead More
Gold producer to pay H2 dividend of $693 million or $5.09/shareRead full newsRead More
Vancouver, British Columbia--(Newsfile Corp. - February 25, 2021) - ArcPacific Resources Corp. (TSXV: ACP) (Read full newsRead More
I am excited to bring you an exclusive tour of Hut 8's mining facility located in Medicine Hat Alberta.Disclaimer This content is for informational purposes ...Read full newsRead More
I am excited to bring you an exclusive tour of Hut 8's mining facility located in Medicine Hat Alberta.Disclaimer This content is for informational purposes ...Read full newsRead More
In that time, Chinese ferrous scrap import volumes virtually fell to zero as sweeping solid-waste import restrictions took no prisoners - despite ferrous scrap's green recyclable reputation.Read More
Auteco has the right ingredients with PickleSPONSOREDauteco mineralsAzure's Western Australia nickel success could get golden hueSPONSOREDazure mineralsHot Chili knock, knock, knockin' on tier 1 doorSPONSOREDhot chiliMegatrends 2035: How expansion of megacities will impact demand for commodities?EUR
Hot Chili knock, knock, knockin' on tier 1 doorSPONSOREDhot chiliWith the management of the Augusta Group, which has an unrivalled track-record of value creation in exploration and development within the mining sector, totalling over $4.5 billion in exit transactions in the past decade, Solaris Resources is emerging as a force to be reckoned with as it pushes ahead with an expanded drilling pr...Read More
There are substantial gold resources in Central Newfoundland, people have just been slow to find them. Sokoman Minerals Corp. (TSXV:SIC) has doubled down on the Moosehead drilling program and added a second drill to unlock them.Company president and CEO Tim Froude compares Central Newfoundland to another famous gold camp. "It's at the point that Timmins was in 1910. The dawn of gold in Newfoundlan...Read More