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

Where the Fed Will Be When the Next Downturn Comes ... The easy-money policy may bump inflation over 3% in the next few years, setting up interest-rate increases. -WSJThis article in the Journal provides us with a scenario regarding another slump and how the Fed will react.It is written by Martin Feldstein, chairman of the Council of Economic Advisers under President Ronald Reagan and a member of...Read More

Gold Stocks Dodge Drop as Risk Aversion Hits South Africa Assets ... Gold producers escaped the worst of a two-day sell-off in South Africa as investors around the world switched to safer assets. While the rand headed for its biggest decline against the dollar in a week and was the second-worst performer in emerging markets, South Africa's gold mining index jumped to the highest since February...Read More

No matter how you look at it, Trump’s not winning ... Amid the incessant din of election-year punditry and prognostication, one fact reigns supreme: Republicans vote for Republicans and Democrats vote for Democrats ... It is why America is freckled with “red” and “blue” states and “safe” congressional seats. It is also why American presidential races are...Read More

Courtesy of: Visual CapitalistBut it's not just precious metals that are back in vogue.Energy had an impressive comeback in Q2, with natural gas and oil being the best performing commodities of the quarter. Base metals were up, and even the TSX Venture, a Canadian index tracking many of the world's junior mining and energy stocks, was the best performing benchmark. This is meaningful, because it w...Read More

BHP Billiton (ASX:BHP), the world's biggest mining company, has committed to spend just less than $200 million to get more copper out of its 57.5%-owned Escondida operation in Chile, the world's largest copper-producing mine.The expansion of the Los Colorados concentrator will help offset declining grades at the mine and add incremental copper production to reach an average production of 1.2 mill...Read More

International regulations have failed to prevent foreign firms and armed groups from profiting from illegal gold mining in mineral-rich eastern Democratic Republic of Congo, a new report by Global Witness shows.Illegally acquired and exported gold from the mineral-rich eastern Congo keeps filling the pockets of some foreign companies as well as armed groups.According to the UK-based organization,...Read More

FBI recommends no charges against Clinton in email probe … FBI Director James Comey on Tuesday announced the agency is not recommending the Justice Department bring charges against Hillary Clinton, despite denouncing the former secretary of state and her colleagues for the way they handled classified information through private email servers. – PoliticoFBI director James Comey announc...Read More

Editor’s Alert: At time of publication, Hillary Clinton was not indicted by the FBI over mishandling classified emails.This conforms to what we have expected and additionally seems to make clear that she will indeed be the next President of the United States.Enormous political capital has been expended on ensuring her innocence. It is surely unlikely that the elite establishment, having prod...Read More

Raghuram Rajan: Why RBI needed more of him ... Finally, Prime Minister Narendra Modi spoke up to give outgoing RBI governor Raghuram Rajan a thumbs up. The endorsement that came a wee bit too late was welcome nevertheless ... – India.comWith economies worldwide in a mess, the mainstream media is increasingly concentrating on individual central bankers.This is propaganda, of course.Instea...Read More

Canaccord Thinks Private Prison Equities Could Break Out ... The first private prison emerged in 1984, and the industry has grown ever since. America continues to have the highest incarceration rates in the world. One financial services company sees significant upside in the private prison sector. - Benzinga.comIn this article we can see how private prison equity is being treated like any othe...Read More

Second EU referendum would be possible, former attorney general says ... Research suggests as many as 1.2 million Leave voters now regret their vote ... Dominic Grieve, a Conservative MP who was the Government's chief legal advisor until 2014, said the result of the first referendum had to be "treated with respect" but that it was not necessarily set in stone. - UK IndependentWhile most Brits wan...Read More

FBI recommends no charges against Clinton in email probe … FBI Director James Comey on Tuesday announced the agency is not recommending the Justice Department bring charges against Hillary Clinton, despite denouncing the former secretary of state and her colleagues for the way they handled classified information through private email servers. – PoliticoFBI director James Comey announc...Read More

Editor’s Alert: At time of publication, Hillary Clinton was not indicted by the FBI over mishandling classified emails.This conforms to what we have expected and additionally seems to make clear that she will indeed be the next President of the United States.Enormous political capital has been expended on ensuring her innocence. It is surely unlikely that the elite establishment, having prod...Read More

Raghuram Rajan: Why RBI needed more of him ... Finally, Prime Minister Narendra Modi spoke up to give outgoing RBI governor Raghuram Rajan a thumbs up. The endorsement that came a wee bit too late was welcome nevertheless ... – India.comWith economies worldwide in a mess, the mainstream media is increasingly concentrating on individual central bankers.This is propaganda, of course.Instea...Read More

Canaccord Thinks Private Prison Equities Could Break Out ... The first private prison emerged in 1984, and the industry has grown ever since. America continues to have the highest incarceration rates in the world. One financial services company sees significant upside in the private prison sector. - Benzinga.comIn this article we can see how private prison equity is being treated like any othe...Read More

Second EU referendum would be possible, former attorney general says ... Research suggests as many as 1.2 million Leave voters now regret their vote ... Dominic Grieve, a Conservative MP who was the Government's chief legal advisor until 2014, said the result of the first referendum had to be "treated with respect" but that it was not necessarily set in stone. - UK IndependentWhile most Brits wan...Read More

Rio Tinto (ASX, LON:RIO) is selling its interest in Blair Athol coal mine to a small Australian miner for just US$0.75 (A$1), as part of the world's second largest miner's strategy to offload unprofitable assets and focus mostly on copper, a plan being carried out by the firm's brand-new CEO, Jean-S?(C)bastien Jacques.Buyer TerraCom (ASX: TER) said that as part of the deal it would also receive...Read More

The global mining equipment market is expected to garner $156 billion by 2022, increasing at a compound annual growth rate (CAGR) of 7.9% during 2016 - 2022, a new report published by Allied Market Research shows.According to the study, titled "World Mining Equipment Market - Opportunities and Forecasts, 2015 - 2022", the Asia-Pacific region accounted for the highest revenue of over $50 billion...Read More

Nobody who knows the status of the investigation into Hillary Clinton’s server is talking. ... The FBI interviewed former Secretary of State Hillary Clinton for many hours on Saturday morning. On Saturday afternoon CNN Senior Producer Teddy Davis tweeted “Sources tell CNN’s Evan Perez: expectation is that there will be announcement of no charges in Clinton email probe w/in next...Read More

Gold eases off near two-year high, silver crosses $21/oz ... Gold slides to two-week low as Brexit fears abate ... Gold eased off a near two-year high, while silver breached the $21 level for the first time since July 2014 in highly volatile trade on Monday, prompted by a burst of short-covering in China. – BloombergGold and silver are having great runs now that the monetary manipulation h...Read More