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
Gold futures are trading lower early Thursday as investors awaited news that could determine the market's direction the rest of the session. During the previous session, the market was under pressure after nearly reaching a seven-month high during Tuesday's session.August Comex gold futures settled at $1289.50, down $8.00 or -0.62%.Although the market is still being underpinned by geopolitical con...Read More
The Trump administration is going after another of the Obama-era environment protection rules by ordering a review of conservation plan for the greater sage grouse, in a move that would make more land available to oil, gas and mining companies.Announcing the measure, Interior Secretary Ryan Zinke said that while the federal government has a responsibility under the Endangered Species Act to prot...Read More
Comstock said the programme successfully infilled an open area of the resource model, extended the deposit to the north-east, and intersected high grades - including 0.9m at 208g/t gold - in a 45m down-dip step back on section targeting ultra-high grade gold.A previous highlight from this high-grade section included 1,123g/t gold over 2.3m back in 2013, which continues to outshine the latest resul...Read More
Swedish mining equipment and compressor maker Atlas Copco (STO:ATCO-A) is expanding its offer of products and services for the mining industry by acquiring a 34% stake in Mobilaris MCE, a software maker specializing in optimizing underground operations.While Atlas, Sweden's largest industrial group, did not revealed the value of the transaction, it said the acquisition would help the company adva...Read More
Investing.com - Gold prices held steady just below their strongest level in seven months in European trade on Wednesday, as investor jitters over looming geopolitical risk events supported demand for safe-haven assets.Comex gold futures were at $1,294.93 a troy ounce by 2:55AM ET (0655GMT), down $2.50, or around 0.2%. Meanwhile, spot gold was at $1,292.40.Gold prices scored a third-straight sessio...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQB: SYATF) (the "Company" or "Siyata") is pleased to announce that it has signed a vendor agreement and receives a Purchase Order from a leading global two-way radio vendor.Siyata will provide the vendor with both rugged devices as well as commercial vehicle devices with Push-to-Talk Over Cellular ("PoC") capabilities. These devices will...Read More
Drilling operations at the Tinka Resources Ayawilca Project in central Peru. Source: Tinka Resources Ltd.Tinka Resources Ltd. [TK-TSXV; TKRFF-OTC] reported results of five additional drill holes from its 100%-owned Ayawilca zinc project in central Peru. All five holes are from the South Ayawilca area. Hole A17-063 has returned one of the best intersections of zinc mineralization at Ayawilca to dat...Read More
Full Article: Gold Investing: Jobs Report TacticsBy: Stewart ThomsonGold tends to become a rather dull market as the summer approaches. Will this year be different?The summer doldrums are caused by seasonal softness in Eastern jewellery demand, but the next major Fed rate hike announcement and commentary is just two weeks away.Full Article: Gold Investing: Jobs Report TacticsBy: Stewart ThomsonD...Read More
Full Article: In gold we trustBy: Frank HolmesWith the U.S. dollar taking another hit last Friday on a weaker-than-expected jobs report, gold closed up 1.12 percent for the day. A Bloomberg gauge of 72 junior miners, however, has lost 15 percent since the end of January, and the rebalance of the VanEck Vectors Junior Gold Miner ETF (GDXJ), which I previously wrote about, is also having a depressi...Read More
It seems all terror attacks in democratic nations happen before an election. I rarely find any terrorist attack after an election. I am confident that once UK and German elections are over, Europe will not see terror attacks for quite a long time. In Europe or the UK all terrorists were known to the law enforcement agencies and still they slept. It is very easy to radicalize anyone these days. G...Read More
It seems all terror attacks in democratic nations happen before an election. I rarely find any terrorist attack after an election. I am confident that once UK and German elections are over, Europe will not see terror attacks for quite a long time. In Europe or the UK all terrorists were known to the law enforcement agencies and still they slept. It is very easy to radicalize anyone these days. G...Read More
Summaryvia the Soren K. Group and MarketslantThe Yen is showing signs of being too strong vs the USD and a reversal is looking likelyGold and the Yen have a strong positive correlation to each other when itcomes to their performance vs the USDIf the Yen reverses, itwill put a damper on Gold's rallyA pullback in Gold is not unhealthyThe longer term chart still has Gold on a path to $1370 and $1...Read More
Gold prices settled in the red on Wednesday, pulling back after posting gains for three sessions in a row as investors eyed moves in the U.S. dollar and awaited the outcome of a bevy of potential market-moving events this week. "When looking at the political news that lies ahead, the gold market is justifiably apprehensive," said Edward Meir, an independent commodity consultant at INTL FCStone, in...Read More
Contrary to the postelection consensus outlook for a stronger dollar for this year, the greenback has slumped since January-and a clue to the potential for continued weakness can be gleaned from gold prices, according to Simon Derrick, chief market strategist at BNY Mellon. In a note to clients on Wednesday, Derrick said that the recent rally by gold GCQ7, -0.39% which is threatening to break out...Read More
Intro:By Fay Dress of the Soren K. GroupIt should be pointed out that China has been working on this for decades. If nothing else they are master strategists and long term thinkers. But as a returning professor from Hong Kong and sometime contributor to the SKG writers said to us recently: There are big problems over there.The Chinese lack entrepreneurship,creativity, and creative problem s...Read More
From safety-deposit boxes in leafy west London to high-security facilities housing gold and silver in Frankfurt, companies that store valuables are expanding to meet demand. A rush into haven assets that began during the financial crisis is getting a new lease on life from an upsurge in populist politics and a quickening of inflation. Two firms say they're planning to open vaults in Europe capab...Read More
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The Africa-focused junior last week announced it would draw down the remaining half of a ?400,000 loan from Paracale Gold, which will help fund GoldStone into early 2018, and convert the loan amount plus interest into shares.GoldStone's directors also agreed to convert accrued and future salaries and fees through to the end of September into new ordinary shares to preserve cash.The measures follo...Read More
The pair have signed a heads of agreement to discuss potential collaboration in mineral exploration, both inside and outside China.Minmetals chairman He Wenbo said the partnership would help "secure mutual global opportunities for quality resources" and enhance the company's long-term development in the mining sector.Rio CEO J-S Jacques said Minmetals was rapidly becoming an important player in th...Read More