News and Reports

Year Ahead 2025

January 06, 2025

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

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

#Goldcorp 'miserable quarter' sends shares to 16-year low

October 25, 2018 / bit.ly

Operating results were hurt by lower output of all metals from the company's Pe??asquito mine, while costs climbed.Read full newsRead More

RT @mining: @Glencore boss Ivan Glasenberg to retire in 3-5 years - report

October 22, 2018 / bit.ly

He is said to have already begun training three to four people to succeed him in the job.Read full newsRead More

Gold Prices Gain as Asian Stocks Fall on Disappointing China Data

October 20, 2018 / www.investing.com

Investing.com - Gold prices gained on Friday as Asian stocks traded mostly lower after China reported disappointing third-quarter GDP data.Gold futures for December delivery on the Comex division of the New York Mercantile Exchange slipped 0.08% at?EUR?$1,226.4?EUR?a troy ounce by 1:19 AM ET (05:19 GMT).China’s economy grew 6.5% in the third quarter from a year earlier, its weakest pace sinc...Read More

Gold Prices Flat on Hawkish Fed Minutes

October 19, 2018 / in.investing.com

Investing.com - Gold prices were flat on Thursday as investors paused to digest the latest meeting minutes from the Federal Reserve.Comex gold futures for December delivery inched up 0.06% to $1,228.10 a troy ounce as of 8:02 AM ET (12:02 GMT).The hawkish Fed minutes showed that while the central bank had some doubts about the economy, it still planned to gradually increase interest rates in Decem...Read More

Silver & PGMs Snapshot: Mexico a magnet for Canada's silver seekers

October 12, 2018 / www.northernminer.com

Silver remains a prime target for mineral explorers and miners, particularly those active in Mexico and other Latin American countries. Here is a look at five silver-focused companies plus a palladium producer.BEAR CREEK MININGBear Creek Mining (TSXV: BCM; US-OTC: BCEKF) has long been active in silver exploration and development in southern Peru.The Vancouver-based junior describes its flagship, w...Read More

Donlin gold mine needs to move a mountain. How close is that to happening?

October 13, 2018 / dlvr.it

There isn't much at the proposed mine site right now: just a long airstrip, with clusters of sturdy buildings in the middle of green mountains close to the Middle Kuskokwim River. But if completed, the Donlin gold mine would be one of the biggest in the world. Listen nowRead full newsRead More

Gold Prices Fall as Dollar Recovers

October 13, 2018 / in.investing.com

Investing.com - Gold prices were lower on Friday as the greenback recovered from a two-week low as inflation pressures eased.Comex gold futures for December delivery fell 0.39% to $1,222.80 a troy ounce as of 8:58 AM ET (12:58 GMT), after recording its largest daily percentage gain on Thursday since June 2016 amid a selloff in equities.Cooling inflation data and rate hike expectations lead to a ri...Read More

Gold Prices Extend Gains on Safe-Haven Demand; Dollar Falls

October 12, 2018 / www.investing.com

Investing.com - Gold prices extended gains on Thursday on safe-haven demand after global markets tumbled. A weaker dollar was also cited as supportive.Gold futures for December delivery were up $3.30, or 0.3%, at $1,196.8 a troy ounce by 1:20AM ET (05:20 GMT). “Investors might start to look for alternative investments to equities, as factors such as high country debt levels and emerging infl...Read More

Trump's 3 Choices in Ukraine (A Win-Win-Win for Russia)

December 08, 2025 / dailyreckoning.com

With the War in Ukraine now approaching its fifth year and possibly reaching a climatic stage, it's timely to offer an overview of the situation.This overview has three vectors - the situation on the battlefield, the corruption scandal rocking Kyiv, and the prospects for the success of the Trump peace plan. The thread that connects these three vectors is the role of the Russian Federation and spec...Read More

Wildly Violent (and Profitable)

December 08, 2025 / dailyreckoning.com

The story of the world's first IPO is a wild one.The Dutch East India Company (VOC) was founded in Amsterdam in 1602. Over the next hundred years, the VOC would dominate trade with Asia, wage multiple wars, commit genocide, and build monopolies. Along the way they sold gobs of spices, silks, and opium.But before all of that could happen, the VOC's founders needed to raise money. So in 1602 the Dut...Read More

Trump Inherited a Shipbuilding Disaster

December 08, 2025 / dailyreckoning.com

From Paradigm Press, we hope that you had a good Thanksgiving holiday. It's December, the year is winding down, and let's get straight to business because there's much to discuss.Today we'll focus on the utter disaster that is U.S. shipbuilding in general, and Navy shipbuilding in particular. It's a mess, as we'll see below. And yes, it's President Trump's mess although it's more than fair to say...Read More

The Path to $200/oz Silver

December 08, 2025 / dailyreckoning.com

As America enjoyed a long Thanksgiving weekend, something big was happening with silver.The precious metal jumped higher on Friday, rising almost $4 to around $55 per ounce. A fresh all-time high.Interestingly, in the middle of this incredible run, the CME futures exchange shut down completely. Apparently it was due to a cooling issue at a data center, but the timing does seem strange.Many preciou...Read More

A Real Ukraine Peace Plan

December 08, 2025 / dailyreckoning.com

Last week's surprise release of a draft Ukraine war peace plan has raised hopes that the nearly three-year bloody conflict may finally come to an end. Ukraine has suffered horrible losses that may change the demographics of that country for decades to come.If this peace plan can be negotiated in a way that satisfies all sides and the guns finally go silent, I will be the first to cheer. However, t...Read More

American Life: Less Ordinary

December 08, 2025 / dailyreckoning.com

Fortune Magazine reports:Wall Street strategist explains today's political rage with a poverty line that should be $140,000 and the 'Valley of Death' trapping people below it.Analysts believe the election of Mamdani in New York City hinged on the 'affordability' issue.The feds report decent numbers unemployment, inflation, GDP etc. But out on the street, it's becoming more and more difficult for...Read More

Less Stress, More Money

December 08, 2025 / dailyreckoning.com

Our brains are not naturally wired for trading or investing.We are built for simpler things. Hunting, farming, building, and raising children.So the modern investing landscape can be a nightmare for the human psyche.Today we have the ability to trade nearly any asset, instantly, for free. For a fee, we can use leverage in the form of margin or options.This is a remarkable technological achievement...Read More

DEI Liberates Blue-Collar America!

December 08, 2025 / dailyreckoning.com

Two months ago, I made the case that DEI was ironically the best thing that ever happened to white guys. The week after, I elaborated after a subscriber wrote in with a genuine concern.I follow up now because Zero Hedge dropped a bombshell, reporting that America desperately needs half a million highly skilled workers just to keep basic national functions running.For too long, America has construc...Read More

Oil Stocks and OPEC Lies

December 08, 2025 / dailyreckoning.com

The Organization of Petroleum Exporting Countries (OPEC) announced at the end of November that it would leave oil production levels flat in the first quarter of 2026. That's an unusual move for the cartel, which usually announces cuts in the face of falling oil prices. And that's our current scenario:However, even with a predicted glut in 2026, the cartel didn't threaten to cut production. That's...Read More

Modern Warfare: Lessons from Ukraine

December 08, 2025 / dailyreckoning.com

Before Russia invaded Ukraine in 2022, we had very little insight into what modern warfare would look like.How would hypersonic and cruise missiles perform? What impact would drones have on the battlefield? How important is artillery in modern warfare? How relevant are tanks? And what about electronic warfare?All these questions have been answered by this war.Today let's review what we've learned...Read More

The United States of Delusion

December 06, 2025 / dailyreckoning.com

If I looked you in the eye and told you the Rocky Mountains don't exist, you'd think I was crazy.But give me time, and I could make you believe it.I wouldn't need threats or force. I wouldn't really even need a good argument.All I'd need is steady, confident repetition. The kind that comes from the voices you already trust.Say, you lived out on the eastern plains of Colorado. The land is flat and...Read More

How to Play the Nuclear Boom

December 05, 2025 / dailyreckoning.com

On October 31, 2025, the U.S. government agreed to arrange financing of $80 billion for Westinghouse Electric's new nuclear reactors. This is a huge deal for Westinghouse' owners, giant uranium miner Cameco (NYSE: CCJ) and Brookfield Renewable Partners (NYSE: BEP).The deal's announcement sent Cameco's shares soaring, as you can see here:Under the agreement with Westinghouse Electric, the U.S. gove...Read More

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