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
Investing.com - Gold prices rose in European trade on Tuesday as rising political tension over North Korea and Syria supported demand for the safe-haven metal.On the Comex division of the New York Mercantile Exchange, gold for June delivery gained 0.39% to $1.258.85 a troy ounce.U.S. Secretary of State Rex Tillerson is currently at the G7 Foreign Affair Ministers meeting in Italy where political l...Read More
I just read an article from what the mainstream considers a reputable source of news, the New York Times. The article talked all about monetary policy and didn’t say a thing about the real world.Because the Federal Reserve is not operating in the real world. They are operating in a world of currency manipulation that they pass off as saving the economy. They act like they are guardians of th...Read More
I just read an article from what the mainstream considers a reputable source of news, the New York Times. The article talked all about monetary policy and didn’t say a thing about the real world.Because the Federal Reserve is not operating in the real world. They are operating in a world of currency manipulation that they pass off as saving the economy. They act like they are guardians of th...Read More
BHP Billiton (ASX: BHP) (LON:BLT), the world's largest mining company, has rejected a push by activist investor Elliott Management to unlock shareholder value by spinning off about $22 billion of its US oil assets and list them in New York.The hedge fund manager's demerger proposal, BHP said in a statement, included the suggestion of unifying the miner's dual structure into a single Australia-hea...Read More
The government isn’t quite ready to force microchip injections on citizens. But if you want to do it on your own, it just makes tracking you and your data that much easier!You can be just like the cool kids who are having microchips injected in their hands in order to open locked doors and store payment information. A wave of the hand is all it will take to start your car, buy a latte, or sh...Read More
The government isn’t quite ready to force microchip injections on citizens. But if you want to do it on your own, it just makes tracking you and your data that much easier!You can be just like the cool kids who are having microchips injected in their hands in order to open locked doors and store payment information. A wave of the hand is all it will take to start your car, buy a latte, or sh...Read More
Via Startup Societies Foundation25 years ago, Somalia's central government collapsed under the communist leader Siad Barre. The world watched as the country was plunged into widespread discord. Famine, hyperinflation, civil war, political violence, terrorism, and piracy are just a few of the horrors which emerged after the chaos.When Americans imagine Somalia, they think of Black Hawk Down. This...Read More
Via Startup Societies Foundation25 years ago, Somalia's central government collapsed under the communist leader Siad Barre. The world watched as the country was plunged into widespread discord. Famine, hyperinflation, civil war, political violence, terrorism, and piracy are just a few of the horrors which emerged after the chaos.When Americans imagine Somalia, they think of Black Hawk Down. This...Read More
Investing.com - Gold prices retreated from five-month highs on Friday as the stronger dollar weighed on the precious metal.Gold for June delivery settled up 0.21% at $1,255.95 on the Comex division of the New York Mercantile Exchange, having touched highs of $1,272.85 earlier.Prices surged early Friday after the U.S. launched cruise missile strikes on a Syrian air base in the aftermath of suspecte...Read More
Evidence suggests a false flag chemical weapons attack on the Syrian people was initiated by Syrian rebels with the help of the United States in order to justify Thursday night’s U.S. Military attack on a Syrian base.President Trump approved the bombing of the Syrian military base controlled by Dictator Bashir al-Assad supposedly to destroy the Syrian government’s ability to launch fur...Read More
Evidence suggests a false flag chemical weapons attack on the Syrian people was initiated by Syrian rebels with the help of the United States in order to justify Thursday night’s U.S. Military attack on a Syrian base.President Trump approved the bombing of the Syrian military base controlled by Dictator Bashir al-Assad supposedly to destroy the Syrian government’s ability to launch fur...Read More
Preliminary production by the top 10 copper mining companies compiled by IntelligenceMine totalled 9,448 kilotonnes of copper in 2016. That represents a 4% increase compared to 2015 and makes up ~49% of global copper production that reached 19,400 kt last year.Six out of 10 companies increased their copper output while four of them declined. All companies in the Top 10 that disclose production cos...Read More
Investing.com - Gold prices climbed to five-month highs on Friday, as news of U.S. airstrikes against Syria boosted demand for safe-haven assets.On the Comex division of the New York Mercantile Exchange, gold futures for June delivery were up 0.89% at a five-month high of $1,264.55.The June contract ended Thursday's session 0.38% higher at $1,253.30 an ounce.Futures were likely to find support at...Read More
The government’s solution to every problem they create is to just pass more draconian rules on top of the immense pile of crap they have already dumped on Americans.The Drug Enforcement Agency will publish a new rule on Monday banning five forms of synthetic marijuana, sometimes called “spice” or “K2”.This action is based on a finding by the Administrator that the pla...Read More
The government’s solution to every problem they create is to just pass more draconian rules on top of the immense pile of crap they have already dumped on Americans.The Drug Enforcement Agency will publish a new rule on Monday banning five forms of synthetic marijuana, sometimes called “spice” or “K2”.This action is based on a finding by the Administrator that the pla...Read More
Rio Tinto (ASX, LON:RIO), the world's second-biggest miner by market value, will fight a A$447 million tax bill it received from the Australian government Wednesday, adding that the new assessment is not related to any tax avoidance scheme.The amount is linked to what is known as "transfer pricing" between Rio Tinto's Australian operations and its Singapore office.The amount, consisting of A$379 m...Read More
Corporate financing deals in mining, real estate and other major industries in B.C. were down last year compared with 2015.In 2016, the largest corporate financing deals involving debt, bond and stock raised $2 billion less than in 2015. Total financing from the largest deals fell 14%.Mining was less predominant in 2016 on Business in Vancouver's Top 100 Corporate Finance Deals list. Money raised...Read More
Canada's Erdene Resource Development (TSX:ERD), the company that literally struck gold earlier this year after finding its new Mongolia-based gold project was richer than previously thought, expects to move Bayan Khundii towards its maiden resource estimate by 2018.The firm, one of the very few miners to never have encountered issues in the landlocked Asian country, was granted this week the Ex...Read More
Canada's Barrick Gold's (TSX, NYSE:ABX), the world's No.1 producer of the precious metal by value, has confirmed it's selling a 50% stake in its Veladero mine in Argentina to Shandong Gold Group in a transaction worth $960 million.As part of the deal, which makes the two firm strategic partners, the Shandong province-based gold miner will help Barrick move forward with the long delayed Pascua-La...Read More
Occupational health and safety violations are a widespread issue in the informal mining sector, which sees artisanal miners and surrounding communities regularly exposed to hazards, including mine cave-ins and the spread of diseases such as malaria. (Image by Fairphone | Flickr Commons)The risk of human rights tainted tungsten, tin, tantalum and gold (3TG) entering the supply chains of tech firms...Read More