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) - Six "unauthorized diggers" died in a diamond mine collapse in the Democratic Republic of Congo (DRC).Few details have emerged about the accident last Friday in Diboko, in the central Kasai province, where mining accidents involving illegal workers are not uncommon.Those who died had "entered an area where mining is forbidden", the province's vice-governor Gaston Nkole said, ac...Read More
(IDEX Online) - Malabar Gold and Diamonds has opened what it claims is the world's largest jewelry showroom, at 110,000sq ft.The "artistry store" in Cochin, Kerala, is on the site where the group was founded in 1993. It now boasts over 300 stores and 17,500 staff.Its claim to be the largest store in the world may, however, be disputed.Tiffany & Co's flagship Fifth Avenue 10-floor sto...Read More
(IDEX Online) - A diamond and pearl necklace and earrings owned by the late Princess Diana is to be auctioned next month.The Swan Lake Suite - named after a London ballet performance she attended while wearing them in June 1997 - is expected to sell for up to $15m.The suite was commissioned by the Egyptian film producer Dodi Fayed, the princess's new boyfriend, as a gift. She wore the necklac...Read More
I recently gained two important insights about the Fed and markets. Taken separately, either one would have been significant. Then I realized the separate insights were actually connected at a deep level.This analysis could lead to a major breakthrough in my already sophisticated predictive analytic algorithms I use to forecast markets. What follows is a first-of-its-kind explanation.The first ins...Read More
(IDEX Online) - A man has been arrested in Surat, accused of defrauding a diamond trader by swapping polished stones worth almost $40,000 with packets of chewing tobacco.Raheel Manjani, a diamond broker, allegedly obtained the diamonds to sell to another trader, promising to make full payment for the sealed parcels within a few days, according to the Times of India.He didn't pay, says a compl...Read More
Dear Outsider,It's been a wild week.And oh, boy, do I have a story for you.It's a story of intrigue, pride, panic, and greed.All because of one stock.It's a textbook example of common investing mistakes.So hopefully you can use my story to your advantage.You see, since early 2020, I've been investing in dividend-paying securities with the goal of earning enough money each month to pay my rent or m...Read More
Mining Journal Select London 2023 SPONSOREDGoviEx edges closer to productionSPONSOREDgoviex uraniumCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resources All going to plan, Lynas now has time to get the Kalgoorlie rare earth plant build that is underway well into the commissioning phase by January 1.Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipMining Journal Select London 2023 SPONSOREDGoviEx edges closer to productionSPONSOREDgoviex uraniumResources are now 2.69 million ounces gold and 22Moz silver for 2.Read More
Look beyond market approach to project valuations: van ZylLeadershipMining Journal Select London 2023 SPONSOREDGoviEx edges closer to productionSPONSOREDgoviex uraniumCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelGrosskopf has postponed his retirement due to the opportunity he sees in the mining space, with growing demand for battery metals and precious metals and growing...Read More
Grosskopf has postponed his retirement due to the opportunity he sees in the mining space, with growing demand for battery metals and precious metals and growing prices driven by a market that looksRead More
(IDEX Online) - Christie's is facing a call from the World Federation of Diamond Bourses (WFDB) to donate over half of the proceeds from its auction of Heidi Horten's estate to Holocaust charities.Horten's first husband, Helmut Horten, built his department store empire from Jews who were forced to sell their businesses for ridiculous prices in Nazi Germany in the 1930s. They would b...Read More
Mining Journal Select London 2023 SPONSOREDGoviEx edges closer to productionSPONSOREDgoviex uraniumCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesTalk began in January between the governments of Yukon, its southern neighbour British Columbia (BC) and the federal government to connect the BC and Yukon power grids...Read More
"Much of the social history of the Western world, over the past three decades, has been a history of replacing what worked with what sounded good." - Thomas SowellHistorians of the future, poaching 'possum snouts in sorrel sauce over their campfires, will trace the fall of Western Civ in the 2020s to the dissolving hallucination that was called the financial economy.It was a phantom parasitical or...Read More
GoviEx edges closer to productionSPONSOREDgoviex uraniumMining Journal Select London 2023 SPONSOREDTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelA raft of new changes need to be regulated, including reduced concession terms, changes to water permitting and environmental bonds following the passing of new laws l...Read More
"We had a disappointing year last year, but we have turned the corner. We think we've built enough redundancy into the system now that we can have some breakdowns and still meet our guidance.Read More
The Caixin PMI fell from the no-change level of 50.0 in March to 49.5 in April, the compiler of the survey S&P Global said.Read More
Glencore has bucked the trend among other mining majors by hanging on to its coal assets. The company argues that this is the more responsible course of action.Read More
Share this article VANCOUVER - Sokoman Minerals Corp. [SIC-TSXV; SICNF-OTCQB] and Benton Resources Inc. [BEX-TSXV] (the alliance) have started the 2023 drilling program which will see a minimum of 5,000 metres drilled on the 50/50 Golden Hope joint venture (GHJV), Newfoundland.The GHJV was formed by the alliance in 2021 to explore the mineral potential of an underexplored structural belt of rocks...Read More
Sometimes the Russian propaganda comes in so hot and heavy I wonder whether or not the Kremlin mouthpieces spewing it actually believe what they're saying. The accusations get so outlandish it's comical. Literally. Back in March, an audience of academics, executives and diplomats from the G-20 broke into laughter at a conference in Delhi when Russian Foreign Minister Sergey Lavrov blithely pain...Read More
The company aims to grow its 1Moz maiden resource to more than 2Moz to find a buyer for the project ultimately. "We want to get to a threshold of 2-2.5Moz.Read More