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

(IDEX Online) - India suffered yet another decline in gross exports of polished diamonds in May, but it was less severe than in recent months.Foreign sales amounted to $1.72bn, down 17.5 per cent on the previous month, according to new figures from GJEPC (Gem and Jewellery Export Promotion Council).In April the year-on-year dollar decline was 38.9 per cent, and in March it was 33 per cent. The dec...Read More

The stock market enjoyed itself a day at the races today.The Dow Jones Industrial Average experienced a 428-point jubilation. The S&P 500 posted a 53-point thrill.The Nasdaq Composite, meantime, leapt 156 points today.This, one day following the Federal Reserve's sledgehammered hints that two additional rate increases are in prospect this year.Affirms Yahoo Finance:"Stocks rallied on Thursday...Read More

(IDEX Online) - More than 18,000 visitors and 12,000 exhibitor and sponsors attended JCK Vegas earlier this month, say organizers. The visitor figures were up eight per cent on 2022, the first post-Covid show, which surpassed pre-pandemic levels. More than 1,900 companies exhibited at the The Venetian and The Venetian Expo for the four-day event which describes itself as "the most important jewel...Read More

Anglo American signed a memorandum of understanding on a visit to Jiangxi, one of the largest Chinese copper producers, to provide consumers with greater assurances on the ESG values of their copperRead More

Saturn works dual-focus opportunitySPONSOREDsaturn metalsSRK visualisation tool to help engagementSPONSOREDsrk consultingNova retains laser focus on qualitySPONSOREDnova royaltyVanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesA week after more than a dozen mining companies in Québec announced the temporary shutdown of activity, wildfires are still bu...Read More

A week after more than a dozen mining companies in Québec announced the temporary shutdown of activity, wildfires are still burning across the province and country.Read More

Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipSRK visualisation tool to help engagementSPONSOREDsrk consultingSaturn works dual-focus opportunitySPONSOREDsaturn metals The funding will mainly be spent completing a prefeasibility study at Challenger's 2.8Moz Hualilan gold project in Argentina.Read More

The $46.4 million investment is priced at 70.75c per share, a circa 8% premium to recent trading levels.Read More

(IDEX Online) - Alrosa is to build a new $1.5bn mine at Mir, following the 2017 flooding disaster that claimed eight lives.Work will start later this year and the first industrial production is expected in 2030-31, according to the Russian news agency Interfax.Aisen Nikolaev, head of the Sakha (Yakutia) Republic, where Alrosa is headquartered, has appraised Russian President Vladimir Putin of the...Read More

The resignation comes as the county reports the lowest production of copper in more than 25 years and as the Chile governments continue to Read More

In 2018, Barrick's acquisition of Randgold Resources for $18 billion initiated a significant rise in mergers and acquisitions (M&A) among gold mining companies.This trend continued in 2021 with another major merger announcement, as Agnico Eagle Mines and Kirkland Lake Gold combined in a deal valued at nearly $11 billion.Additionally, several smaller deals occurred that year, such as Kinross G...Read More

Thanksgiving Day? You may have it. Christmas Day? You may have it. New Year's Day? Again, you may have it.Today is June 14 Flag Day. It superexceeds them all.Only Independence Day bulks larger in our pulsing patriotic heart.And that heart or what passes for a heart glories today in celebration.After Independence Day, only Constitution Day rivals Flag Day in our hierarchy of holy days.Again,...Read More

(IDEX Online) - A diamond worker has been arrested in Surat, India, after he allegedly spiked his colleagues' tea with a sedative and fled with stones valued at $14,000.Police in the Katargam district of the city say the suspect made tea at 4am during a night shift for eight co-workers. Those who were unwilling to drink were forced to do so.He fled the workshop with 2,700 diamonds, with a tot...Read More

(IDEX Online) - A starfish brooch designed by Salvador Dali and featuring cultured pearl of diamonds, rubies, and emeralds sold for $982,000.It was the highest price ever paid at auction for a piece of jewelry by the Spanish surrealist artist.The Etoile de Mer belonged to socialite Rebekah Harkness, who is referenced in Taylor Swift's 2020 song The Last Great American Dynasty.Swift paid $17m...Read More

Look beyond market approach to project valuations: van ZylLeadershipSaturn works dual-focus opportunitySPONSOREDsaturn metalsSRK visualisation tool to help engagementSPONSOREDsrk consultingNova retains laser focus on qualitySPONSOREDnova royaltyThe $46.4 million investment is priced at 70.75c per share, a circa 8% premium to recent trading levels.Read More

Vanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesNova retains laser focus on qualitySPONSOREDnova royaltySaturn works dual-focus opportunitySPONSOREDsaturn metalsSRK visualisation tool to help engagementSPONSOREDsrk consultingRead More

Last week, I reported on a blockbuster EV deal that saw Ford team up with Tesla, its chief competitor in the space.Now, GM is doing the same, effectively cementing Tesla's EV charging system as the new standard.Just to recap, most EV manufacturers use a charging plug called the Combined Charging System (CCS). This system is public domain, so anybody can adopt it. But since its inception, Tesla has...Read More

FOMO is finally back!Fear of missing out is one of the most powerful forces in the market. When conditions are just right, FOMO latches onto our lizard brains, leading to terrible investing decisions. We chase overbought stocks, fall for dubious stories and scoop up shares of some of the most risky, speculative garbage companies we can find.What could possibly go wrong?Well... everything, of cours...Read More

I've written a lot about central bank digital currencies (CBDCs) including the U.S. dollar version that I call "Biden Bucks." The threat from CBDCs is enormous.They are digital (but not true cryptocurrencies), which means they are programmable. The Treasury and Fed can use the CBDC ledger to track your purchases, look at your political contributions, look at your religious affiliations and basical...Read More

The Swiss mining giant on Monday offered to buy Teck Resources' metallurgical coal business in a standalone, after being repeatedly rebuffed in its attempts to acquire the Canadian company in itsRead More