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

Imagine you are in a book club. For a few years, it was great, you liked the books and the discussion with members. But then, the club started reading steamy romance novels that you just weren’t into and would not entertain your opinions for other material. Finally, when you can’t relate to the discussion on the texts anymore, you decide to leave the club.But then, the book club Presid...Read More

by Danielle BochoveFrom Canada's Yukon to southern Patagonia, outbreaks of gold-rush fever are popping up as bullion markets stage a tentative recovery.The number of holes drilled at gold deposits has been rising steadily for more than a year, according to S&P Global Market Intelligence. And while early-stage exploration budgets haven't kept pace with spending at existing mines, prospecting hot sp...Read More

Silver futures prices moved higher again on Friday with July delivery contracts exchanging hands for $17.38 an ounce as the metal continues to claw back territory lost earlier this month. Silver is now up 8% since hitting its 2017 low on May 9.Only around 30% of annual supply comes from primary silver mines while more than a third is produced at lead/zinc mines operations and a further 20% from co...Read More

Chile's Codelco, the world's top copper miner, swung back to profit in first three months of the year, posting a pre-tax profit of $534 million for the period versus a loss logged a year ago, which is more than the $435 million the state-owned company earned in total last year.The copper giant cited improved metal prices - up about 18% in the last seven months - as one of the factors that contrib...Read More

Canada's Barrick Gold (TSX, NYSE:ABX), the world's top bullion producer by volume, has warned that up to 6% of it expected output for 2017 may be severely hit by a ban on mineral concentrate exports affecting its subsidiary Acacia Mining (LON:ACA), in Tanzania.The Toronto-based miner, which holds a 63.9% stake in Acacia, noted that if the subsidiary needed to revise its forecast for the current...Read More

Investing.com - Gold prices moved higher on Friday, but gains were expected to remain limited as the greenback recovered from recent losses posted after the release of the minutes of the Federal Reserve's meeting.On the Comex division of the New York Mercantile Exchange, gold futures for June delivery were up 0.43% at $1,261.83.The June contract ended Thursday's session 0.26% higher at $1,256.40 a...Read More

Palisade Research May 26, 2017 Category: Research Appia Energy (CNSX:API, FRA:A0I, OTCMKTS:APAAF)We apologize for the delay of this update.This week Appia released a fairly long update on its drilling operation, and there are four major takeaways we would like to translate for the average investorLike any other investor, the length of mineralization immediately caught our eye. The low grade nature...Read More

Every generation expands its definition of equality…Now it’s time for our generation to define a new social contract. We should have a society that measures progress not just by economic metrics like GDP but by how many of us have a role we find meaningful. We should explore ideas like universal basic income to make sure everyone has a cushion to try new ideas.-Mark Zuckerberg, Faceboo...Read More

Every generation expands its definition of equality…Now it’s time for our generation to define a new social contract. We should have a society that measures progress not just by economic metrics like GDP but by how many of us have a role we find meaningful. We should explore ideas like universal basic income to make sure everyone has a cushion to try new ideas.-Mark Zuckerberg, Faceboo...Read More

Azerbaijan-focused miner Anglo Asian Mining (LON:AAZ), the country's top gold producer, has swung back to profit and sharply reduced outstanding debt on the back of higher copper output and a better bullion prices.The London-listed miner doubled its copper production from 969 tonnes to 1,941 tonnes last year, thanks mainly to the first full-year of production from a new flotation plant. Silve...Read More

Investing.com - Gold prices were higher in European trade on Thursday, staying near the strongest level in around three weeks as the U.S. dollar slipped after the Federal Reserve signaled a cautious approach to future rate hikes and the reduction of its $4.5 trillion balance sheet.Comex gold futures rose $5.00, or around 0.4%, to $1,258.07 a troy ounce by 2:35AM ET (06:35GMT). Meanwhile, spot gold...Read More

Palisade Research May 25, 2017 Category: Research Like many other commodities, the price of uranium is cyclical.Since 1929, uranium has seen three momentous bull markets. The first occurred from 1943 to 1955, and was spurred by an incentive program created by the US Government. The competition for nuclear warheads had begun, and the DoD was in dire need of uranium. Through the Atomic Energy Commis...Read More

Tanzanian President John Magufuli has fired his mining minister after results of an audit of containers carrying ore published Wednesday showed exports had been understated.Minister Sospeter Muhongo was not the only casualty of the investigation, as the President also show Dominic Rwekaza, chief executive of Tanzania Minerals Audit Agency, the door and asked authorities to investigate those respon...Read More

* STOXX 600 up 0.1 pct* Banco BPM rise on talk of bad loans sale* But Deutsche Bank drops after U.S. request* Fiat falls on emission bill worries* Dixons, Britvic rise after results (Adds details, closing prices)By Kit ReesLONDON, May 24 (Reuters) - European shares, stuck just below 21-month highs for more than a week, struggled to gain momentum on Wednesday, with strength in banks and big o...Read More

By Gul YusufzaiQUETTA, Pakistan, May 24 (Reuters) - Pakistan has arrested a Taliban militant leader authorities describe as the "mastermind" behind three major attacks in Baluchistan, a spokesman for the government of the restive southwestern province said on Wednesday.Militant and separatist violence has long riven Baluchistan, which has rich reserves of natural gas, copper and gold, and is at th...Read More

* STOXX 600 up 0.2 pct* Oil stocks, banks lend support* Fiat falls after U.S. lawsuit* Glencore dips, makes approach to Bunge (Adds quotes and detail, updates prices)By Kit ReesLONDON, May 24 (Reuters) - European shares, stuck just below 21-month highs for more than a week, struggled to gain momentum on Wednesday, with strength in oil producers was offset by weakness in mining and autos stocks...Read More

LONDON, May 24 (Reuters) - European shares, stuck just below 21-month highs for more than a week, fought for direction in early deals on Wednesday as weakness in mining and autos sectors were offset by strength in oil producers.The pan-European STOXX 600 .STOXX index edged up 0.1 percent, underpinned by a rise in European oil & gas stocks .SXEP . Britain's FTSE 100 .FTSE rose 0.1 percent while Ger...Read More

(Adds details, comments, share movement)May 24 (Reuters) - Mining and energy group Vedanta Resources Plc VED.L on Wednesday posted a 36.6 percent rise in its full-year core profit, driven by firmer commodity prices, but failed to meet analyst expectations.The company said earnings before interest, tax, depreciation and amortisation rose to $3.19 billion for the year ended March 31, missing analy...Read More

Investing.com - Gold prices were lower in European trade on Wednesday, as investors looked ahead to minutes of the Federal Reserve's latest policy meeting due later in the global day for further hints on the timing of the next U.S. rate hike.Comex gold futures shed $6.20, or around 0.5%, to $1,249.21 a troy ounce by 3:25AM ET (07:25GMT). Meanwhile, spot gold was at $1,249.52.Prices of the yellow m...Read More

May 24 (Reuters) - Mining and energy group Vedanta Resources Plc VED.L said its full-year core profit surged 36.6 percent, driven by firmer commodity prices.The company said earnings before interest, tax, depreciation and amortisation rose to $3.19 billion for the year ended March 31 from $2.34 billion last year. which produces iron ore, copper, aluminium, zinc and oil, said revenue rose 7.3 per...Read More