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

Exploration at Hot Chili Ltd.'s Productora copper project, located in Chile, has uncovered a gold resource at Sierra Zapallo, prompting analyst Trent Barnett of Hartleys to upgrade the company to a Speculative Buy.Though Hot Chili Ltd.'s (HCH:ASX) Productora is a copper project-Hot Chili lists resources at the site at more than 1 million tonnes copper-exploration at Sierra Zapallo has "revealed ve...Read More

Anglo American's largest shareholder, South Africa's Public Investment Corporation (PIC), has stepped up pressure on the miner's plan to exit coal and iron ore to focus only on copper, diamonds and platinum by reportedly calling for a shareholder vote.The South African assets Anglo plans to sell include Kumba Iron Ore Ltd., coal mines that supply state-owned power producer Eskom Holdings, and mang...Read More

Canada's Barrick Gold (TSX, NYSE:ABX), the world's most valuable producer of the precious metal, has appointed a new executive to lead the Argentine side of its mothballed Pascua-Lama project in South America, in a fresh sign that the miner is aiming to restart the mothballed $8.5 billion gold, silver and copper mine.George Bee will assume as vice president of the Argentine side of the project -...Read More

Papua New Guinea and the Autonomous Region of Bougainville (ABG) have locked horns over who should own the copper and gold mine that Rio Tinto donated to both last month.According to the Australian Broadcasting Corporation, PNG's Prime Minister wants to give islanders a minority stake in Bougainville Copper Limited (ASX:BOC), the former Rio Tinto's subsidiary.But such move would prevent ABG from...Read More

Copper production in Zambia, a mineral-rich Southern African country may not reach the projected two million metric tons at the close of this year after all because of a number of factors, not least the continuing drop in prices of the red metal on the international market, according to sources Tuesday.However the Institute of International Finances (IIF) predicts that copper output will reach 740...Read More

Insufficient power at First Quantum Minerals (FQM) mine in the North-Western Province of Zambia, a mineral-rich Southern African country has resulted in reduced copper production, according to sources Thursday.Dependent upon diesel-driven power plants which supply almost 200MW of electricity to the FQM mining operation at Kalumbila, almost 120 kilometers west of Solwezi the provincial capital nee...Read More

Mongolia's prime minister is urging mining giant Rio Tinto (LON:RIO) and its Canadian subsidiary Turquoise Hill (TSE:TRQ) to speed up work on a $5.3 billion expansion of their massive Oyu Tolgoi copper and gold mine.Reuters reports PM Jargaltulga Erdenebat sent a message to Rio Tinto's copper chief Arnaud Soirat in an official statement on the Mongolian government website urging the company to "c...Read More

The average retiring worker takes with him 37 years of labour force experience, a loss the industry must offset, says the report. (Image from archives)With commodity prices rebounding from their lowest in at least 25 years, miners are stepping up spending and considering the reactivation of projects placed in the back burner, but there is a new looming risk they don't seem ready to deal with - the...Read More

When Newmont Mining Corp. began exploring for gold in Indonesia in the 1980s, the country's wealth of untapped resources was seen as the Colorado-based miner's ticket to the big leagues.The Batu Hijau copper and gold mine in eastern Indonesia was one of the largest undeveloped deposits in the world, and Newmont's billion-dollar investment put it on the path to becoming the world's No. 2 gold miner...Read More

The Australian Financial Review reported on Monday that the US Securities and Exchange Commission paid an unnamed whistleblower at BHP Billiton $3.75 million relating to a bribery investigation at the world's top mining company going back more than eight years."Citing legal sources, the newspaper report said it was the first time an employee of an Australian company had received a U.S. whistlebl...Read More

Shares in Ivanhoe Mines (TSX: IVN) were soaring Monday morning after the Canadian miner revealed it would seek "strategic advice" after receiving "unsolicited interest" in the company and its projects.Mining veteran Robert Friedland, the Vancouver-based miner chief executive, said the firm would likely hire an investment bank to advise the board on all strategic options for Ivanhoe.The company sto...Read More

Kinross Gold (TSE:K) (NYSE:KGC), the world's fifth largest miner of the precious metal by output, has suspended operations at its main mine in Chile earlier than planned after a court upheld the country's regulator (SMA) decision to shut down the water system linked to the operation over environmental concerns.The Canadian miner, which disputes the regulator's accusations of alleged environmental...Read More

As expected, the prices of gold and copper are down ahead of the US Federal Reserve Chair Janet Yellen's much anticipated annual speech on the direction of monetary policy.Source: Allianz Global Investors, Bloomberg, Datastream, BofA Merrill Lynch. Global equities, Emerging Market equities and global government bond returns in local currencyThe consensus seems to have shifted in favour of earlier...Read More

Mining scene newcomer and BHP spin-off South32 (ASX, LON, JSE:S32) said Thursday it would pay a maiden dividend despite posting a net loss of $1.6bn for its first full fiscal year due to weak commodity prices and asset write-downs.Underlying earnings, excluding non-cash impairments and foreign exchange movements for the Perth-based miner, fell sharply - 76% to $138 million. Revenue for the year...Read More

Shares in Glencore (LON: GLEN) were down 5.2% at noon in London after the miner and commodity trader reported a significant drop in underlying earnings and revealed it has taken a $400 million hit related to an accounting mismatch over coal derivatives.Glencore posted a $369 million net loss in the period compared with a $676 million net loss in the same period last year.Despite a rebound in comm...Read More

Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company"), is pleased to provide an update on its 100%-owned Bayan Khundii Gold Project ("Bayan Khundii") and Altan Nar Gold-Polymetallic Project ("Altan Nar"). In advance of the resumption of drilling in September 2016, the Company has been carrying out extensive technical studies on the styles and controls of gold mineralization at both B...Read More

In New York trade on Monday copper for delivery in September suffered another down day as new supply coming on stream coupled with fewer than usual mining disruptions upset the fundamentals for the metal.Copper dipped almost 2% to $2.1270 per pound ($4,690 a tonne), a six week low. While other industrial metals and steelmaking raw materials have jumped in value this year, industry bellwether copp...Read More

Canada's mineral exploration and mining industry is asking Energy and Mines Ministers, currently in Winnipeg for their 73rd annual conference, to work on tackling several challenges that have resulted in Canada dropping to second place behind Australia as the most desirable mining destination in the world.Prospectors & Developers Association of Canada (PDAC) President Bob Schafer said that as the...Read More

Stephen Nano, CEO of Mirasol Resources sits down with Maurice Jackson of Proven & Probable (http://www.provenandprobable.com/) to discuss the virtues of Prospect Generation, the most recent press release regarding the Claudia Gold-Silver Project' ., and some of the unique features that makes Mirasol Resources one of the hand-picked exhibitors for the Sprott Natural Resource Symposium in Vancouve...Read More

Scott Close of Eurasian Minerals sits down with Maurice Jackson of Proven and Probable to discuss the virtues of partnering and owning shares in one of the industry's premier Prospect Generators. Specifically, Mr. Close outlines the business model for Eurasian Minerals and how they have earned the distinction of being identified as a Royalty Generator. In addition, value investors will learn about...Read More