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

Rising nationalism leaves international criminal court at risk Top lawyer warns withdrawal of countries and limiting of funding threaten future of tribunal ... Six months after the international criminal court's new Dutch palace of justice was formally opened on windswept sand dunes beside the North Sea, a tide of nationalist sentiment is threatening to undermine the project. Three African states...Read More

Rising nationalism leaves international criminal court at risk Top lawyer warns withdrawal of countries and limiting of funding threaten future of tribunal ... Six months after the international criminal court's new Dutch palace of justice was formally opened on windswept sand dunes beside the North Sea, a tide of nationalist sentiment is threatening to undermine the project. Three African states...Read More

One of Russia's largest mining companies has dropped a stash of roubles on copper concentrate that dates back to the Cold War.Reuters reported on Wednesday that Norilsk Nickel (Nornickel) - one of the world's largest producers of nickel and palladium - purchased 67.5 billion (US$1.1 billion) roubles worth of copper concentrate from Russian state holding company Rostec. The amount of concentrate...Read More

Mickey Fulp the Mercenary Geologist sits down with Maurice Jackson of Proven and Probable to discuss his views on the FED, Interest Rates, the economy, oil, copper, uranium, demonetization, and the merits of precious metals. Mickey shares what indicators he uses to guide the health of the economy and what those indicators are conveying. We shall delve into the value proposition of uranium and why...Read More

LUSAKA, Dec 28 (Reuters) - Zambia is withholding 2.4 billion kwacha ($243 million) of the 5 billion kwacha owed to mining companies in tax refunds because the correct documentation has not been provided, the tax authority said on Wednesday.Zambia's government began paying up to 800 million kwacha a month in Value Added Tax refunds to mining companies in June, aiming to put an end to a long running...Read More

* Aussie and kiwi recover from multi-month lows* Oil, copper, iron ore prices all higher* Euro, yen and sterling inch down* Graphic: World FX rates in 2016 http://tmsnrt.rs/2egbfVhBy Patrick GrahamLONDON, Dec 28 (Reuters) - The Australian and New Zealand dollars both recovered against their U.S. counterpart on Wednesday, helped by a broadly robust tone to stock and commodity markets heading into t...Read More

Dec 28 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of December 27, 2016. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) ------------------------------ --------- SHORT TERM RATINGS: ------------------- Ala Chemicals Pvt LtdST Bk Fac - Non-FB CARE A3 (SO) 300Reaffirmed- LC/BG* *The above ratings are based on the credit enhanceme...Read More

Located in Nevada's prolific Cortez Trend, the Iceberg Project is 100% owned by NuLegacy Gold. The company has spent over $6 million over the past 3 years on exploration, locating the Iceberg deposit that is now being developed. Read More

This is a bad season for banking around the world and especially in Italy where major banks are under water.Central banks are supposed to protect banks but who really believes that? In the modern era especially central bank protection has often involved government refinancing.From the point of view of central banking, the health of the whole system is more important than the health of an individu...Read More

This is a bad season for banking around the world and especially in Italy where major banks are under water.Central banks are supposed to protect banks but who really believes that? In the modern era especially central bank protection has often involved government refinancing.From the point of view of central banking, the health of the whole system is more important than the health of an individu...Read More

While both global monetary and fiscal policies struggle to keep aggregate demand if not rising, then at least constant, demographics continues to wreak havoc on the best laid plans of central planners around the rapidly aging world. Just last week we reported that in 2016, the US population grew at the slowest pace since the Great Depression, largely driven by the collapse in household formation a...Read More

While both global monetary and fiscal policies struggle to keep aggregate demand if not rising, then at least constant, demographics continues to wreak havoc on the best laid plans of central planners around the rapidly aging world. Just last week we reported that in 2016, the US population grew at the slowest pace since the Great Depression, largely driven by the collapse in household formation a...Read More

RAND PAUL IS UNHAPPY ABOUT TRUMP'S 'BILDERBERG' CABINET. “Haven’t seen this many billionaires since I staked out Bilderbergs w/ Alex Jones” … Senator Rand Paul is not happy with some of the cabinet picks by president-elect Donald Trump. So much so that he took to Twitter today to deliver an 'airing of grievances'. – Rand Paul tweetsRand Paul has finally taken to twee...Read More

RAND PAUL IS UNHAPPY ABOUT TRUMP'S 'BILDERBERG' CABINET. “Haven’t seen this many billionaires since I staked out Bilderbergs w/ Alex Jones” … Senator Rand Paul is not happy with some of the cabinet picks by president-elect Donald Trump. So much so that he took to Twitter today to deliver an 'airing of grievances'. – Rand Paul tweetsRand Paul has finally taken to twee...Read More

Investing.com - Gold prices edged slightly higher in abbreviated trade ahead of the holiday weekend on Friday, but the precious metal still posted its seventh straight weekly decline as expectations for higher U.S. interest rates in the months ahead weighed.Gold for February delivery on the Comex division of the New York Mercantile Exchange tacked on $2.90, or 0.26%, to end the week at $1,133.60 a...Read More

Trump Doubles Down On Nukes: “Let It Be An Arms Race, We’ll Outlast Them All. "The United States must greatly strengthen and expand its nuclear capability until such time as the world comes to its senses regarding nukes. When asked by co-host Mika Brzezinski to clarify the tweet, Trump gave a response that she, nor anyone else for that matter, was expecting.The Donald is not taking our...Read More

Trump Doubles Down On Nukes: “Let It Be An Arms Race, We’ll Outlast Them All. "The United States must greatly strengthen and expand its nuclear capability until such time as the world comes to its senses regarding nukes. When asked by co-host Mika Brzezinski to clarify the tweet, Trump gave a response that she, nor anyone else for that matter, was expecting.The Donald is not taking our...Read More

Since Facebook is fake, shouldn't it disseminate fake news? What are they so worried about? Fake news distributed by a fake company: It seems like a good match. And a historical one as well. It's not as if Fakebook fell into fakeness all of a sudden. It's been fake since the very beginning.Large initial investments into Facebook were made by the CIA via their favorite fake libertarian Peter Thiel....Read More

Since Facebook is fake, shouldn't it disseminate fake news? What are they so worried about? Fake news distributed by a fake company: It seems like a good match. And a historical one as well. It's not as if Fakebook fell into fakeness all of a sudden. It's been fake since the very beginning.Large initial investments into Facebook were made by the CIA via their favorite fake libertarian Peter Thiel....Read More

(Adds futures, company news items)Dec 23 (Reuters) - Britain's FTSE 100 futures FFIc1 were up 0.1 percent on Friday ahead of the cash market open.European markets are expected to have a quiet session as it is only a half-day on the London Stock Exchange , with the British market shutting at 1230 GMT.* The UK blue chip index ended up 0.3 percent on Thursday in thin pre-Christmas volumes, led by g...Read More