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

As soon as I take office, I will ask Congress to fully eliminate the defense sequester and will submit a new budget to rebuild our military,” Trump said. “This will increase certainty in the defense community as to funding, and will allow military leaders to plan for our future defense needs.” -PoliticoDonald Trump recently gave a speech that was well-received by the defense comm...Read More

Goldcorp Inc. (G:TSX; GG:NYSE 16.02) has had a tough year.After reporting a year-end loss of $4.1 billion due to writing off and down various projects-a supposed clearing of the decks for the new CEO David Garofalo-the recent results were not so positive. Production was down year-on-year, due to shortfalls and problems at its two largest mines, Pe??asquito and Cerro Negro.There are some positives,...Read More

China's infrastructure investments have been a net negative due to high cost over runs that have overwhelmed returns and the added debt has made the country more exposed to financial shocks, says lead author Atif Ansar in a study published this July in Oxford Review of Economic Policy.The authors looked at various infrastructure projects, such as rail and road, and assessed the return on invest...Read More

Top publicly-held copper producer Freeport-McMoRan Copper & Gold (NYSE:FCX) in May announced the sale of its largest African copper mine to China Molybdenum (CMOC) for up to $2.65 billion.On Wednesday Reuters reported that the Democratic Republic of Congo's state-owned Gecamines has submitted its own bid for Freeport's 56% stake in the high-grade Tenke Fungurume mine.Gecamines already owns 20% of...Read More

The tide of globalisation is turning Trade liberalisation has stalled and one can see a steady rise in protectionist measures ... Has the tide of globalisation turned? This is a vitally important question. The answer is closely connected to the state of the world economy and the west's politics. - Financial TimesThis article present a lot of positives surrounding "globalism," which is a fund...Read More

The tide of globalisation is turning Trade liberalisation has stalled and one can see a steady rise in protectionist measures ... Has the tide of globalisation turned? This is a vitally important question. The answer is closely connected to the state of the world economy and the west's politics. - Financial TimesThis article present a lot of positives surrounding "globalism," which is a fund...Read More

Canada's Eldorado Gold (TSX:ELD) (NYSE:EGO) said Tuesday has completed the sale of its 82% stake in the Chinese Jinfeng mine to a wholly-owned subsidiary of China National Gold Group for US$300 million in cash.Jinfeng mine is expected to generate 95,000-105,000 ounces of gold this year, as the operation transitions fully into the underground.The move marks the Vancouver-based miner exit from Ch...Read More

Zinc is the best performing base metal so far this year and measured from its six-year low struck mid-January today's $2,336 a tonne zinc prize is up 58%.Zinc's prospects brightened considerably after the shutdown of two major mines last year - Australia's Century and the Lisheen mine in Ireland. The two mines had a combined output of more than 630,000.The shuttering of top zinc producer Glencor...Read More

Chile's Codelco, the world's No.1 copper producer, said a strike over contract terms initiated Monday by members of Union No. 2 of its Salvador mine, threatens the division's feasibility.Salvador, which is the state-owned firm's smallest operation and produced 49,000 tonnes of copper last year, has been battling to turn a profit after dwindling ore grades pushed up production costs, affecting a p...Read More

The premier of Tasmania Will Hodgman, during a trade mission to India announced government backing for a restart of a copper mine on the island that was Australia's oldest continually operating mine until its mothballing two years ago.Hodgman told NDTV that the operation, now owned by India's Vedanta, could reopen as early as next year with state support:"It is a sizable operation and at its peak...Read More

YouTube says the demonetization is the result of changes to its notification system, and not a reflection of changes in its policies, it’s unclear why DeFranco and other vloggers are just getting flagged on content now even though many of them have been posting similar videos to YouTube for years. DeFranco and his supporters worry the move could have implications for all YouTube creators. -V...Read More

YouTube says the demonetization is the result of changes to its notification system, and not a reflection of changes in its policies, it’s unclear why DeFranco and other vloggers are just getting flagged on content now even though many of them have been posting similar videos to YouTube for years. DeFranco and his supporters worry the move could have implications for all YouTube creators. -V...Read More

The Zambia Consolidated Copper Mines-Investment Holdings (ZCCM-IH) has embarked on a major diversification programme which will enhance its investment both in the country and abroad, according to sources Monday.However the Zambian holding company is still beset with a lot of problems including a running debt with the government. At least the more than US$400 million it owes the state has been conv...Read More

The recent Sprott Natural Resource Symposium in Vancouver assembled some of the most accomplished builders & explorers in the natural resource space.Following the conference, Rick Rule, President of Sprott US Holdings, was kind enough to share comments on investment opportunities offered up by the conference, as well as reflect on the experience, with Sprott's Thoughts readers.[Editor's Note-If...Read More

Britain will never leave the European Union (EU) because the process is too complicated, an academic has claimed. His comments prompted UK Independence Party MEPs to warn that Project Fear is "alive and kicking". -BreitbartWith Hillary running for president on an authoritarian platform, Brexit foundering, China restricting websites and wars spreading around the world, it may look as if the Interne...Read More

A number of users called YouTube's actions a threat to free speech, although the company technically isn't bound by the First Amendment to the U.S. Constitution, since it is a business and not an arm of the government. Like Facebook, it can remove whatever content it wants to. More than anything, however, the dispute reinforces how much of our public speech and behavior is now controlled by large...Read More

Britain will never leave the European Union (EU) because the process is too complicated, an academic has claimed. His comments prompted UK Independence Party MEPs to warn that Project Fear is "alive and kicking". -BreitbartWith Hillary running for president on an authoritarian platform, Brexit foundering, China restricting websites and wars spreading around the world, it may look as if the Interne...Read More

A number of users called YouTube's actions a threat to free speech, although the company technically isn't bound by the First Amendment to the U.S. Constitution, since it is a business and not an arm of the government. Like Facebook, it can remove whatever content it wants to. More than anything, however, the dispute reinforces how much of our public speech and behavior is now controlled by large...Read More

Hedge funds and other large speculators held a net-short position, or bets on price declines, of 4,991 U.S. copper futures and options contracts in the week ended Aug. 23, according to Commodity Futures Trading Commission data released three days later. They switched from a net-long position, or wagers on a rally, of 2,237 a week earlier.Read moreRead More

Shawn Perger is based in Vancouver Canada and has worked in the international financial markets for 30 years with a primary focus on mining. For the last 15 years, he has worked with mainly silver companies in corporate finance and communications capacities.The Daily Bell: Let's start at the beginning for those who are new to Golden Arrow. Explain a bit more about what you do.Shawn Perger: I s...Read More