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

New Oriental Education & Tech is expected to report earnings ahead of the bell, tomorrowThe shares of China-based educational services specialist New Oriental Education & Tech Grp (NYSE:EDU) are down 2.2% at $110.01, ahead of the firm's fiscal third-quarter earnings report, due out before the open tomorrow, April 21. Looking back, EDU has been in sell-off mode since running out of steam at its 40-...Read More

The Dow was down over 300 points at its session lows earlierThe Dow Jones Industrial Average (DJI) isfirmly in the red to begin the week, down triple digits at midday amid sputtering oil prices. But while the blue-chip index has come off its sharper session lows from the morning, black gold is still careening around its lowest level in more than 20 years amid growing demand and storage concerns....Read More

The November 2 put is home to a six-digit trade Even though oil prices are sputtering today, a big winner on Friday, April 17, was WPX Energy Inc (NYSE:WPX). In light of Friday's breakout, options traders are blasting the energy stock, with a greater-than-normal tilt toward puts. Mid Friday, WPX put option volume was running in the top percentile of its annual range. Over 31,000 puts crossed t...Read More

The fast food chain said it will return its small business loan after receiving backlash from After drawing sharp criticism for tapping into the U.S. government's small business loan program, Shake Shack (NYSE:SHAK) announced it is returning its entire $10 million loan. The company is the first major firm to give back coronavirus-related bailout money. SHAK stock is down 3.5% in response, last see...Read More

Instinet cut its price target from $117 to $87 this morning, tooShares of Wynn Resorts Ltd (NASDAQ:WYNN) are down 2.9% to trade at $76.16 this morning, after CEO Matt Maddox over the weekend called for a conditional re-opening plan for the Las Vegas Strip in mid-to-late May. Following the news, Instinet cut its price target from $117 to $87, though it kept its "buy" rating. The analyst, Harry Curt...Read More

The FTC approved PepsiCo's $3.85 billion acquisition of Rockstar Energy The shares of PepsiCo, Inc (NASDAQ:PEP) are down 1% at $136.20 on news that the Federal Trade Commission (FTC) approved the food and beverage company's plan to acquire Rockstar Energy in a $3.85 billion deal. The acquisition, which was announced last month, is expected to go into effect later this week. Pepsi has spent April...Read More

Congress is nearing a second round of loan rescue programsFresh off a sizable weekly win, Dow Jones Industrial Average (DJI) futures are poised to give back a large chunk of last week's gains this morning. Stocks look ready to fall in concert with oil prices, which plummeted over the weekend amid concerns over demand outlook during the coronavirus outbreak. At last check, June-dated crude futures...Read More

US president Donald Trump is pushing ahead to open up the economy which has been hamstrung by the COVID-19 pandemic."For me it's about lives & the future of our country!" he tweeted a short while ago.No new countries reported COVID-19 in the past 24 hours according to the World Health Organisation yesterday, putting the number of confirmed cases globally at 2.24 million and deaths at 152,551.J...Read More

Iron ore inventory in China, the world's largest consumer, has seen a steady gradual decline since the end of January. Seaborne stockpiles at 35 major domestic ports fell to 108.Read More

(IDEX Online) - Canadian miner Mountain Province Diamonds has drawn $25m from its credit facility and halted sales indefinitely in response to coronavirus. It is still operating its Gahcho Ku?? (C) mine, in Northwest Territories, albeit with COVID-19 distancing protocols and four-week rather than two-week crew rotations to minimize movement in and out. And the company's third sale of the year...Read More

(IDEX Online) - Baselworld, the world's largest watch and jewelry event, has been dealt another blow with the departure of four more luxury brands. Bulgari, TAG Heuer, Hublot and Zenith, all part of the LVMH Group, say they won't exhibit at the event, rescheduled to January 2021 because of coronavirus. Instead they will be joining the new rival event in Geneva, in April 2021, along with...Read More

JOHANNESBURG (miningweekly.com) –  Anglo American and De Beers on Monday announced additional donations of $2-million to South Africa’s Solidarity Fund, which addresses the impacts of Covid-19, and $1-million to the Oppenheimer family’s South African Future Trust, established to support small and medium-sized businesses through the crisis.These additional donations were...Read More

South American countries have taken varying approaches to containing the spread of COVID-19, ranging from leaving it to states and cities to handle the virus to implementing aggressive lockdowns and curfews that have forced mining companies to reduce or shutter their operations.While all have moved in recent weeks to deal with the disease, some countries are seeing more success than others.Argenti...Read More

As existing deposits and mines are advanced, companies are looking for new frontiers to secure their long-term production and growth. The northern portion of this continent, with favourable geology, relative under-exploration and mining-friendly policies is an attractive destination for those willing to venture outside of more established mining camps. Below, we present eight companies with assets...Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesHow mining companies can reduce equipment purchasing cost and improve qualitySPONSOREDtechnical auditBut the share-price bounce enjoyed by the big two of global mining reinforced a crit...Read More

Russian miner Nordgold (LSE: NORD) says it will build a new power plant at its Lefa mine in Guinea as part of efforts to reduce its greenhouse gas emissions.The gold producer, which acquired the mine in 2010, has commissioned the construction of the new 33 MW power plant to manufacturing service group SUMEC, a key member of China National Machinery Industry Corporation (SINOMACH).Nordgold said the...Read More

Brazil's Vale (NYSE: VALE), the world's top iron ore producer, has once again lowered its production forecast for 2020 due to a mix of factors including heavy rain, unplanned outages at a major operation, regulatory delays linked to last year's dam failure at Brumadinho, and ongoing disruptions to logistics caused by the coronavirus.Vale now expects to produce between 310 million and 330 million t...Read More

(IDEX Online) - Bosses at Anglo American are donating 30 per cent of their earnings to coronavirus charities. Board directors and group management committee members have made a three-month pledged, which will total more than $1m. The company's Anglo American Foundation will match their donations dollar for dollar. Anglo American is one of the world's largest mining businesses and is pare...Read More

Publisher's Note: Today we're bringing you an excerpt from The Dines Letter from April 6, 2020.Mr. James Dines has been an unparalleled source of research and analysis for decades and it's never been a better time to hear from "The Original Gold Bug."Call it like you see it,Nick HodgeThese are historic times, like a new war, with unknowable consequences, and many books will be written about it. T...Read More

Diamond bourses organisation, the World Federation of Diamond Bourses (WFDB), has elected Yoram Davash as president.His election took place at a meeting of the executive committee of the WFDB held via Zoom.AdvertisementHe had already been elected president designate at a previous congress of the organisation.Davash succeeds Ernie Blom as president.AdvertisementThe president of the organisation cha...Read More