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

After a dizzying drop earlier this year, U.S. jewelry and watch sales showed a solid recovery in June.  Total fine jewelry and watch sales rose by almost 2 percent in June to an estimated $5.6 billion versus $5.5 billion in June a year ago, according to the latest data from the Department of Commerce.  While a 2 percent gain may sound modest, it is a dramatic recovery from Marc...Read More

(IDEX Online) - Residents living near a diamond mine in Sierra Leone are seeking $288m in damages for illnesses allegedly caused by air and water pollution.They are seeking a freezing order on assets belonging to Guernsey-registered Octea, a subsidiary of Israeli billionaire Beny Steinmetz's BSG Resources, which is now in administration.An affidavit filed at Sierra Leone's High Court cla...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesEarth-i and Marex Specton's SAVANT platform, which uses satellites to monitor about 90% of global copper smelting capacity, said the global activity dispersion index averaged 41.5 in July, the lowest reading since March 2018.It said China's index dropped to 43.1, its lowest since December and the first level below 50 this year, whi...Read More

Northern Dynasty Minerals' (TSX: NDM) shares jumped Aug. 19 after the company revealed that the Alaska Republican Party officially endorsed its proposed Pebble copper-gold-molybdenum mine.The stock climbed almost 5% in Toronto at opening from C$2.02 to C$2.12 as the Canadian miner published excerpts of a party resolution. The document, dated Aug. 9, says it "unequivocally" supported the responsibl...Read More

Copper rose above US$3 per lb. for the first time in more than two years, on the back of falling inventories, a lower U.S. dollar, unprecedented Chinese economic stimulus and ongoing worries about pandemic-hit supply from top producer South America.Copper for delivery in September trading in New York changed hands for US$3.0295 per lb. (US$6,680 per tonne) in afternoon trade on Aug. 19 - the highe...Read More

88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Element 25's Butcherbird on songSPONSOREDelement 25Lithium no quiet place for AVZSPONSOREDavz mineralsIt has not come as a surprise. The pandemic was pretty much a nightmare scenario for diamond companies; demand is tied to macroecono...Read More

Iron ore prices hit six-and-half year highs on Aug. 18 as Chinese furnaces, where more than half the world's steel is forged, roll out crude steel at a never before seen pace.According to Fastmarkets MB, benchmark 62% Fe fines imported into northern China were changing hands for US$128.57 per tonne on Aug. 18, up 5.4% on the day.That was the highest level for the steelmaking raw materials since Ja...Read More

It has been a difficult week for English mining engineers. A coal open pit closed in Durham on the same day (Aug. 17) as a thought-provoking press release by Global Footprint Network (GFN). The closure left just one industrial-scale coal mine operating in the country, and means that a once proud (and important) industry is almost at an end.Coal is still needed globally, of course, and it remains m...Read More

The stock market is back at all-time highs. But the gains are as hollow as the suits that tout them on TV. Earnings growth for the S&P 500 in Q2 was negative 34%. It's expected to be negative 22.9% in the third quarter and negative 12.8% in the fourth quarter. Merry Christmas, you filthy animal. You will hear that companies are "beating" earnings expectations. And that's because the same holl...Read More

Golden Arrow Resources (TSXV:GRG) is hosting a Town Hall Webinar on Wednesday, August 19, 2020 at 1:05 PM - 2:15 PM PDT. Read full newsRead More

PORTOFINO RESOURCES INC. is pleased to announce the results of itRead full newsRead More

QMX Gold Corporation ("QMX" or the "Company") (TSXV:QMX) is pleased to release results from the ongoing exploration drilling program on the Bonnefond Deposit.Read full newsRead More

The SPDR Gold Trust (GLD) is increasingly resorting to sourcing gold bars at the Bank of England - at least 70 tonnes of gold and possibly up to 150 tonnes.Read full newsRead More

Vancouver, BC August 18, 2020 - KORE Mining Ltd. (TSXV: KORE | OTCQX: KOREF) ("KORE" or the "Company") has commenced work on a Preliminary Economic Assessment ("PEA") of the Long Valley project ("Project" or "Long Valley") located in Mono County, California. Engineering is well advanced, with results expected in late Q3 2020.Scott Trebilcock, President and CEO stated, "Long Valley is a large, sh...Read More

After a Winklevoss encounter highlights Elon Musk's space mining dreams, maybe we should remind ourselves of the right-here-at-home benefits bitcoin brings.Read full newsRead More

Warren Buffett's Berkshire Hathaway bought a stake in Barrick Gold in the second quarter, a Friday filing showed. Barrick Gold surged as much as...Read full newsRead More

Spot gold was up around US$1,990 an ounce earlier but was at $1,981/oz at the time of writing.Meanwhile, word of Warren Buffett's Berkshire Hathaway investment in Barrick Gold sent the gold major up 11.32% yesterday to within C$1 of a one-year high.Other gold equities gained in Toronto, including Equinox Gold (TSX: EQX), Victoria Gold (TSX: VGXC) and Wesdome Gold Mines (TSX: WDO), which all rose m...Read More

Having announced solid production H1 figures Read More

Congratulated by several analysts on a conference call for FY20 results in line with guidance and including circa-45% higher revenue and EBITDA, year-on-year, in a period seen as very testing forRead More

Share this articleTORONTO - The materials sector, which includes the gold miners, helped lift Canada's main stock index in early trading Tuesday as the price of gold topped US$2,000 an ounce.The S&P/TSX composite index was up 32.13 points at 16,688.25.In New York, the Dow Jones industrial average was down 4.23 points at 27,840.68. The S&P 500 index was up 7.85 points at 3,389.84, while the Nasda...Read More