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

Artemis all set thanks to unique approachSPONSOREDartemis resourcesIn January, Rio earned 51% of the project after spending $11 million on exploration ahead of schedule. The company can move to 65% in the new three years by spending an additional $14 million.Read More

After signing a deal with Barrick Gold (TSX: ABX; NYSE: GOLD) to earn a 70% stake in its Pueblo Grande project in the Dominican Republic earlier this month, Precipitate Gold (TSXV: PRG) plans to focus on the Copey Hill target at its Ponton project, 20 km away.The Copey Hill target, which has never been drilled, is hosted by the Los Ranchos Formation, the same prospective rocks that host Barrick's...Read More

Papua New Guinea (PNG) is set to take control of Barrick Gold's (TSX: ABX; NYSE: GOLD) Porgera mine after refusing to extend the company's lease on environmental and social grounds, Prime Minister James Marape said today."In the best interests of the state, especially in lieu of the environmental damages, claims and resettlements issues, the Special Mining Lease will not be renewed," Marape said.T...Read More

Haywood Securities has cut its base metal price forecasts for 2020 due to the COVID-19 pandemic.The investment dealer expects copper will cost US$2.45 per lb. (from its previous estimate of US$2.90 per lb.) and forecasts a copper surplus this year of up to 1 million tonnes "in what had been expected to be a balanced market.""While production disruptions in key producer countries will remove signif...Read More

Silver prices have dropped sharply year-to-date and are currently down 13.2% year-on-year at US$15.29 per oz., but the Bank of America (BofA) says its supply and demand model suggests that prices below US$15 per oz. "are hard to justify even now," and predicts that prices could reach US$20 per oz. in the next 12 months.By looking at the trajectory for the Euro against the U.S. Dollar and real exch...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe largest decline was seen at its biggest operation, Los Bronces in Chile, which fell 25% to 68,700t from 91,700t due to prolonged and record drought conditions. This saw plant throughput fall 42% due to low water availability which was partially offset by planned higher grades of 1% compared with 0.8% a year ago.This was compens...Read More

JOHANNESBURG (miningweekly.com) – The Lesotho government has permitted diamond mines to reopen from Monday, ahead of the May 5 lockdown extension, Gem Diamonds said on Friday.Mining Weekly can report that Lesotho is authorising diamond-mining’s recommencement in the Mountain Kingdom, contingent on compliance with Covid-19 health and safety guidelines.AdvertisementThe small country surr...Read More

I spent the better part of yesterday afternoon flying a kite..."It's a breeze," I told my daughter, my dad jokes reaching ever new lows during the quarantine. "As soon as the wind picks up, you start running towards it."After I handed her the kite, I stepped back to watch with fatherly pride. What a wonderfully honest and pure way to escape the mounting dread of life during coronavirus. Fresh air,...Read More

At a time when dividend increases are few and far between, Newmont delivered a doozy: a 79% increase to its quarterly payout.Read full newsRead More

The bulls are out in force with more gold industry observers coming around to the belief that the precious metal ... Read More The post Bulls are expecting gold prices to charge appeared first on Stockhead.Read full newsRead More

Kerr Mines Inc. (TSX:KER) announces its plans for the first phase of its 2020 resource and reserve expansion program at the Copperstone MineRead full newsRead More

Utility and other stakeholders file agreement on the details of a new program that would give millions of Californians the option of getting part of their natural gas from renewable sourcesLOS ANGELES –April 17, 2020--Southern California Gas Co. (SoCalGas) today announced it and other important stakeholders have agreed on details of a proposed plan to offer renewable natural gas to cust...Read More

Gold, oil both rose for second straight sessionThe Dow scraped together a 40-point win, as earlier gains were slashed after documents were published on Gilead Science's (GILD) potential coronavirus treatment remdesivir, which drew disappointing results. However, Gilead claims the results of the drug's trial remain "inconclusive." The S&P 500 and Nasdaq slippedbelow breakeven in the final minutes...Read More

Intel's first-quarter earnings report is due out after the close todayThe shares of Dow component Intel Corporation (NASDAQ:INTC) are down 1.4%, to trade at $59.30 this afternoon,just ahead of the firm's first-quarter earnings report, which is due out after today's close. Below, we'll dig into how INTC has fared after past quarterly earnings reports, and take a look at the sentiment currently sur...Read More

Freeport-McMoRan is expected to enter the earnings confessional before the bell tomorrow Freeport-McMoRan Inc (NYSE:FCX) is up 4.7% at $7.99 today, as investors anticipate the copper mining concern's first-quarter earnings report, due out before the open tomorrow, April 24. It's been a rocky week for commodities, as Wall Street nervously eyes mining stocks amid oil's historically devastating plu...Read More

There is just one problem: there are simply not enough bonds available in the open market for the central bank to buy.Read full newsRead More

Las Vegas Sands predicted a speedy recovery for its Asian locations, despite new social distancing measures Casino concern Las Vegas Sands Corp. (NYSE:LVS) is in the spotlight this morning after posting first-quarter losses of three cents per share, and $1.78 billion in revenue, missing analysts' estimates. Despite the miss, the stock is up 10.9% at $41.03, bolstered by the firm's prediction of a...Read More

Over the last five weeks, over 26 million Americans have now filed for unemploymentThe Dow Jones Industrial Average (DJI) is on track for another positive afternoon, up more than 250 points at last check. The blue-chip index has gained traction at midday despite another expectation-toppingweekly jobless claims report this morning. Combining this most recent report with the previous four, the t...Read More

Equinor ASA became the first major oil company to cut its dividend amid an historic market rout.Read full newsRead More

Tyson is closing a major subsidiary in order to test its employees for COVID-19 Meat production suffered another blow today, as Tyson Foods, Inc. (NYSE:TSN) announced the closure of two of its major U.S. pork plants in order to contain the spread of the coronavirus. This includes a subsidiary in Indiana, while over 2,000 of its employees undergo testing. This has led to other locations picking up...Read More