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

September historically has been the most lucrative month to own gold, writes Mark Hulbert.Read full newsRead More

Lithium exporter Galaxy Resources says it does not fear the supply surge that will come within weeks from two new Australian lithium mines.Read full newsRead More

Drilling the Serene #1 discovery hole at NuLegacy Gold's Red Hill Project in Nevada. Source: NuLegacy Gold Corp.NuLegacy Gold Corp. (NUG-TSXV) has reported results from a summer drilling program on its 100%-owned Red Hill property, which is located on the Cortez gold trend in north central Nevada.Drill hold SR18-02C, a 70 degree angle core hole drilled as a 100-metre step-out to the west of the cu...Read More

Investing.com - Gold prices traded higher on Friday as Federal Reserve chairman Jerome Powell emphasized the central bank’s plans for gradual interest rate hikes would be conditioned on the continued strength of the U.S. economy and labor market.At 11:06 AM ET (15:06 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange gained $20.00, or 1.68%, to...Read More

Canada's Centerra Gold (TSX:CG) has once again agreed to extend the deadline for completion of all conditions included in a deal it signed in September with the Kyrgyz government, ending long-dragged environmental disputes over the firm's Kumtor gold mine, the country's largest.While the Toronto-based miner did not provide much detail about the reasons for the deadline extension, the fifth one...Read More

Chile's Antofagasta, one of the world's leading copper producers, expects copper prices to continue to be volatile due to global trade tensions, the head of the company was quoted in a local newspaper as saying on Sunday.Ivan Arriagada, chief executive of Antofagasta, said he expected copper prices to be affected by global uncertainty, according to an interview published in Chilean newspaper La Te...Read More

Barrick's plan going forward includes increasing its portfolio of so-called tier 1 assets over time, and gradually shedding anything that's not tier 1 or deemed to be "strategic."Read full newsRead More

Investing.com - Gold prices traded lower on Wednesday as a Federal Reserve policymaker reiterated the need for rate hikes and a stronger dollar weakened demand for the precious metal.At 11:42 AM ET (15:42 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange slipped $1.10, or 0.09%, to $1,217.20 a troy ounce.Meanwhile, the U.S. dollar index, which measu...Read More

Investing.com - Gold prices traded higher on Tuesday as a weaker dollar boosted demand for the precious metal.At 11:10 AM ET (15:10 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange traded up $2.20, or 0.18%, to $1,219.90 a troy ounce.Meanwhile, the U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of s...Read More

Investing.com - Gold prices look likely to remain vulnerable to the stronger dollar this week, as expectations for additional U.S. interest rate hikes this year underpin demand for the greenback.There aren’t many major events coming up on the economic calendar, but Friday will see an update on consumer prices for July, which will be the week’s most closely watched U.S. data release.Gol...Read More

Last month in Venezuela's capital city of Caracas, a cup of coffee would have set you back 2 million bolivars. That's up from only 2,300 bolivars 12 months ago, meaning the price of a cup of joe has jumped nearly 87,000 percent, according to Bloomberg's Caf?(C) Con Leche Index. And you thought Starbucks was expensive.But that was July. Prices in Venezuela are doubling roughly every 18 days. The In...Read More

Investing.com - Gold prices were down on Wednesday as traders wait for a policy decision from the Federal Reserve.Comex gold futures for August delivery fell 0.44% to $1,218.30 a troy ounce as of 10:30 AM ET (14:30 GMT). Gold has fallen in recent months as a stronger dollar and rising interest weights weighed on the metal.The Fed Is not expected to raise interest rates later in the day, but a deci...Read More

TORONTO, July 30 (Reuters) - Canadian base metal miner First Quantum Minerals Ltd said on Monday it had extended its hedging program for copper sales, as trade war worries push prices lower despite "excess demand" for its production.The miner, whose second-quarter results included a $45 million loss from copper hedging, said it aims to ensure a level of cash flow for its $6.3 billion Cobre Panama...Read More

Workers at Chile's Escondida copper mine, the world's largest, have rejected the company's final contract offer and agreed to vote on whether to go on strike, according to an internal union document seen by Reuters on Friday.After several meetings in recent days, the workers at the mine owned by BHP concluded that the company's offer does not meet union demands and creates "prejudicial" labor cond...Read More

Teck Resources Ltd boosted its production forecasts for copper, zinc and oil on Thursday as the diversified miner reported market-beating profits on the back of higher prices for a range of commodities.Flush with C$2.9 billion ($2.22 billion) in cash and C$7 billion in liquidity, Teck is in "great shape" to fund growth, said Chief Executive Don Lindsay, including big Chilean developments like the...Read More

Three recommendations for the Chinese gold industry over the course of the next three to five yearsOn July 25th, the 3rd China International Gold Conference, co-sponsored by the China Gold Association and the World Gold Council, was held in Beijing. At the event, the Development Research Center of the State Council and the World Gold Council jointly issued the "Recommendations for the futher...Read More

Investing.com - Gold prices edged forward on Tuesday, as a weaker dollar helped to support demand for the precious metal.At 10:59 AM ET (14:59 GMT), gold futures for August delivery on the Comex division of the New York Mercantile Exchange gained $3.00, or 0.24%, to $1,228.60 a troy ounce.Meanwhile, the U.S. dollar index, which measures the greenback’s strength against a trade-weighted baske...Read More

Investing.com - Metal prices were higher but gold inched down amid comments from U.S. President Donald Trump, who criticized the Federal Reserve for increasing interest rates.Comex gold futures for August delivery inched down 0.04% to $1,223.50 a troy ounce as of 4:32 AM ET (8:32 GMT).Trump said in an interview on CNBC that he does not approve of how the Fed is approaching monetary policy. The Fed...Read More

Investing.com - Gold prices fell to a two-and-a-half year low on Tuesday, as a stronger dollar weighed on the precious metal and Federal Reserve Chair Jerome Powell backed gradual rate increases.Comex gold futures for August delivery decreased 0.86% to $1,229.20 a troy ounce as of 10:37 AM ET (14:37 GMT).The price of gold fell as Powell reiterated the central bank should gradually increase interes...Read More

(IDEX Online) - The first PGI Insight report by Platinum Guild International (PGI) reveals a shift in the platinum jewelry industry to a consumer-centric business model in China with pioneering players seeing improvement in business. PGI Insights offer an in-depth focus on key market trends in the global and regional platinum jewelry industry. Through this first report, PGI understands that a suc...Read More