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 Jailing the Central Bankers Who Saved the world ... The U.K. may be on the verge of an unprecedented experiment in public accountability. The courts may soon be invited to consider the following question: Should government officials face prosecution if the actions they took to support the financial system during the credit crisis stink in hindsight? – BloombergFinally central banke...Read More

Imagine Jailing the Central Bankers Who Saved the world ... The U.K. may be on the verge of an unprecedented experiment in public accountability. The courts may soon be invited to consider the following question: Should government officials face prosecution if the actions they took to support the financial system during the credit crisis stink in hindsight? – BloombergFinally central banke...Read More

Mick Davis' X2 Resources, the mining fund once touted as the driver of much-needed investment into the mining industry during the worst of the commodities price rout, has freed investors from their financial commitments after failing to score any deals in three years.Relatively high assets valuations and an investor veto on deals frustrated Davis and his team in their search for mining bargains....Read More

Canada's Seabridge Gold (TSX:SEA) (NYSE:SA), the company behind the massive KSM project in northern British Columbia, considered the world's largest undeveloped gold-copper project by reserves, has just identified a large, untested target at another of its ventures in the region.Exploration at Seabridge Gold's 100%-owned Iskut project, which shares geological similarities with KSM, has revealed a...Read More

The Globalization of Rage Why Today's Extremism Looks Familiar ... Militant secessions from a civilization premised on gradual progress under liberal democratic trustees-the kind of civilization that D'Annunzio and his peers denounced as feeble and corrupt-are once again brewing within the West and far beyond it: and as before, they are fueled by a broad, deep, and volatile desire for destructio...Read More

Editor of Austria's Largest Paper Charged with 'Hate Speech' over Migrant Article ... An editor of Austria's largest paper, Kronen Zeitung, is to be tried for hate speech over a commentary he wrote about the migrant crisis last year. -Breitbart NewsThis is part of a larger attack on the Western media, especially the alternative media.It's surely not a coincidence that these attacks are being launc...Read More

The Globalization of Rage Why Today's Extremism Looks Familiar ... Militant secessions from a civilization premised on gradual progress under liberal democratic trustees-the kind of civilization that D'Annunzio and his peers denounced as feeble and corrupt-are once again brewing within the West and far beyond it: and as before, they are fueled by a broad, deep, and volatile desire for destructio...Read More

Editor of Austria's Largest Paper Charged with 'Hate Speech' over Migrant Article ... An editor of Austria's largest paper, Kronen Zeitung, is to be tried for hate speech over a commentary he wrote about the migrant crisis last year. -Breitbart NewsThis is part of a larger attack on the Western media, especially the alternative media.It's surely not a coincidence that these attacks are being launc...Read More

China's Zijin Mining Group and Shandong Gold Mining are said to be among the firms that have recently approached Canada's Barrick Gold Corp (TSX, NYSE:ABX) with the intention of buying a 50% stake in one of its Argentine mines.The potential sale of a 50% stake in Veladero mine could fetch Barrick more than $1 billion.According to sources familiar with the matter quoted by Reuters, both Asian mine...Read More

Shares in London-listed Botswana Diamonds (LON:BOD) climbed nearly 3% Tuesday after the company announced the discovery of a 1mm octahedron-shaped diamond while prospecting at Orapa.The company, which began exploring the area in March this year, said that specialists from its joint venture partner Alrosa are in the midst of reanalyzing 80 tonnes of samples that were sent to a processing facility...Read More

Shares in Anglo American (LON:AAL), the world's number five diversified miner, were up more than 5% Tuesday afternoon as investors cheered the company's third quarter results, which saw the firm increasing output across all divisions, except for copper.Anglo, which is in the process of selling off mines and slimming down its portfolio, said production of diamonds, its largest underlying earnings d...Read More

Zinc junior Callinex Mines (CVE:CNX) is up 10% to 54 cents after Resources Funds Capital acquired 18% of the company for $5 million."Callinex has signed a term sheet with Sprott for a $5m private placement. A fund managed by Rick Rule will be a lead order in the financing," said Callinex Mine's CEO Max Porterfield in a news release.The funds will be used for exploration at the newest discovery at...Read More

Shares in world's largest heavy machinery maker Caterpillar (NYSE:CAT), the best-performing industrial stock so far this year, were slightly down in pre-market trading Tuesday after the firm's reported revenue that fell short of estimates and lowered its full-year guidance.The Peoria, Illinois-based reported earnings, adjusted for non-recurring costs, of 85 cents per share on revenue of $9.16 bil...Read More

YouTuber CodyDon mixes a well-diluted dose of sodium cyanide, drinks it and suffers minor effects.The video is a good primer on sodium cyanide, an important mining agent."In case you are wondering the sodium cyanide tastes a bit like baking soda but smells like roasted almonds or crushed apple seeds; So now you dont have to try it yourself," writes CodyDon in the video description.Video is for edu...Read More

Is Gold On Its Last Legs? ... I am about to make a bold call on the future price of gold . Clearly, no one knows the future, but I firmly think that the preponderance of the evidence points toward dramatically lower prices for the yellow metal over the next 24 months. In fact, I expect gold prices to drop below $1,000 per ounce by October 2018. -NasdaqMore nonsense about gold. It never ceases. N...Read More

Is Gold On Its Last Legs? ... I am about to make a bold call on the future price of gold . Clearly, no one knows the future, but I firmly think that the preponderance of the evidence points toward dramatically lower prices for the yellow metal over the next 24 months. In fact, I expect gold prices to drop below $1,000 per ounce by October 2018. -NasdaqMore nonsense about gold. It never ceases. N...Read More

RENO, Nevada-A gathering storm of proposed federal land withdrawals including proposed sage grouse habitat, as well as stiffer mining bonding requirements under consideration by federal regulators is wreaking havoc on dwindling U.S. exploration programs.During the annual general meeting of the Nevada Mineral Exploration Coalition (NVMEC) in Reno this week, several speakers urged that independent a...Read More

Copper exports from MMG's giant Las Bambas mine in Peru, which came online this year, are set to resume later this month or early November after a 10-day stoppage caused by protests against the operation came to and on Monday, the company said."The Government of Peru and local communities have agreed a framework for future dialogue and cooperation in the region," MMG said in the statement. "The pr...Read More

Shares in world's largest heavy machinery maker Caterpillar (NYSE:CAT), the best-performing industrial stock so far this year, suffered Monday morning after the firm logged a 18% drop in global retail sales of equipment for the three-month period ended in September.While the Peoria, Illinois-based company has had more discussions about potential sales in recent months than in the last two or thre...Read More

On Friday afternoon, New York state Governor Andrew Cuomo signed a bill making it illegal to advertise your home for short-term rent on websites like Airbnb.The law specifically targets New York City homeowners in apartment buildings who advertise their properties, or even just a spare room in their homes, to rent for less than 30 days at a time.It's important to note that New York already passed...Read More