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

Kiss Your Domestic Bias Goodbye, Central Bankers of the World ... In a globalized world, managing domestic economic conditions requires having one eye focused abroad. For evidence, look no farther than the global monetary policy fallout from Britain's June 23 vote to leave the European Union. – BloombergBrexit reverberations continue to generate calls for more central banking coordination.Ju...Read More

The claim that Hillary is innately dishonest is simply accepted as a given. It is an accusation and conviction so ingrained in the conversation about her that any attempt to even question it is often met with shock. And yet here's the thing: it's not actually true. -AndrewTobias.comWe are told by Andrew Tobias that Hillary was actually the most truthful candidate (of either Party) in the 2016 elec...Read More

Tomorrow never comes: neglecting the nuclear force ... In 2014, following several high-level embarrassments, Secretary of Defense Chuck Hagel ordered two enterprise-level reviews of nuclear forces. Remarking on their findings, Hagel said, "the internal and external reviews I ordered show that a consistent lack of investment and support for our nuclear forces -over far too many years - has left us...Read More

German orthodoxy stands on the way of Eurozone recovery argues the billionaire … Billionaire and philanthropist George Soros told the European Parliament on Thursday that Brexit "unleashed" a financial crisis akin to the 2007-2008 Lehman Brothers meltdown. European thingGeorge Soros has been launching broadsides against Brexit during the past week, and this one, above, seems to be in line...Read More

Kiss Your Domestic Bias Goodbye, Central Bankers of the World ... In a globalized world, managing domestic economic conditions requires having one eye focused abroad. For evidence, look no farther than the global monetary policy fallout from Britain's June 23 vote to leave the European Union. – BloombergBrexit reverberations continue to generate calls for more central banking coordination.Ju...Read More

Newmont Mining (NYSE:NEM) said Thursday is selling its 48.5% stake in PT Newmont Nusa Tenggara, the operator of its Batu Hijau copper and gold mine in Indonesia, for $1.3 billion to PT Amman Mineral Internasional.The amount, said the Denver-based miner, is comprised of cash proceeds of $920 million expected to be paid at closing and contingent payments of up to $403 million.Newmont has been see...Read More

On ABC’s "Good Morning America," FiveThirtyEight's Nate Silver predicted that Hillary Clinton will win the presidential election against Donald Trump. Clinton has a 79 percent chance of winning, compared with Trump’s 20 percent, according to FiveThirtyEight's forecast. -ABCNate Silver is back at it, predicting a Trump defeat. The most famous pollster in America was wrong about Trump...Read More

ECB's Mario Draghi Urges Central Banks to Align Monetary Policy ... ECB chief warns against competitive currency devaluations Speaking at a European Central Bank conference in Portugal, ECB President Mario Draghi says divergent monetary policies among major central banks can create uncertainty about their policy intentions.-Wall Street JournalHow is it that people have been put in jail for cons...Read More

Trump Dares Corporate America to Leave the GOP ... The speech Trump delivered in Pennsylvania on Tuesday, attacking globalization and trade, will provide more cause for panic among Republican elites. -Bloomberg opinionThis article disparages Trump's appeal and suggests that large corporations might leave the GOP.That’s a direct result of Trump, of course. In his speech Tuesday, he blasted gl...Read More

On ABC’s "Good Morning America," FiveThirtyEight's Nate Silver predicted that Hillary Clinton will win the presidential election against Donald Trump. Clinton has a 79 percent chance of winning, compared with Trump’s 20 percent, according to FiveThirtyEight's forecast. -ABCNate Silver is back at it, predicting a Trump defeat. The most famous pollster in America was wrong about Trump...Read More

ECB's Mario Draghi Urges Central Banks to Align Monetary Policy ... ECB chief warns against competitive currency devaluations Speaking at a European Central Bank conference in Portugal, ECB President Mario Draghi says divergent monetary policies among major central banks can create uncertainty about their policy intentions.-Wall Street JournalHow is it that people have been put in jail for cons...Read More

Trump Dares Corporate America to Leave the GOP ... The speech Trump delivered in Pennsylvania on Tuesday, attacking globalization and trade, will provide more cause for panic among Republican elites. -Bloomberg opinionThis article disparages Trump's appeal and suggests that large corporations might leave the GOP.That’s a direct result of Trump, of course. In his speech Tuesday, he blasted gl...Read More

Base metals have enjoyed a solid 2016 so far with only lead (-3%) in negative territory for the year. While the likes of zinc (+28%) and tin (+16%) have rallied and steelmaking raw materials iron ore (+24%) and coking coal (+12%) have come back strongly, nickel remains stuck in the doldrums.On the LME nickel jumped back above $9,000 on Wednesday, but hasn't been in five-digit territory for near...Read More

Canada's Kinross (TSX:G) (NYSE:KGC), the world's fifth largest gold producer, believes it can increase reserves at its Bald Mountain and Round Mountain mines, which it acquired from Barrick Gold (TSX, NYSE:ABX) late last year.The company, which is looking to strengthen its portfolio in North America, has increased its exploration budget for the year by 50% to $9 million as "promising results" at...Read More

More environmentalists were murdered in Latin America in 2015 than anywhere else in the world, with anti-mining causes costing the most lives, a report by Global Witness shows.According to the UK-based organization, which campaigns against natural resource-related conflict and corruption, the region recorded the highest number of conservationist murders -122 out of a total of 185.Brazil took the l...Read More

Trump slams globalization, promises to upend economic status quo ... Donald Trump on Tuesday trashed U.S. trade policies that he said have encouraged globalization and wiped out American manufacturing jobs in a speech in which he promised to herald a U.S. economic resurgence. -CNNWe recently identified a growing global meme as one that is now pitting "populists" against "globalists."There has be...Read More

From Julia Gillard to Hillary Clinton: online abuse of politicians around the world ... Analysis of abuse of politicians in the US, UK and Australia sheds light on a problem often dismissed as par for the course. Former Australian prime minister Julia Gillard (left) and US presidential candidate Hillary Clinton have both been subjected to online abuse. -GuardianThe Guardian newspaper has reported...Read More

Brexit - how will central banks respond? Policymakers' existing struggle with low productivity and high debt has become more complicated -Financial TimesThis article provides us with a useful survey of what central banks are going to be doing to confront the Brexet-initiated downturn.Start with the Bank of England. Governor Mark Carney acted quickly to provide liquidity by injecting ?3.1bn into...Read More

Brexit could spell more trouble for Trump, who supported leaving ... Donald Trump plans a major trade speech on Tuesday that the campaign is billing as “declaring American economic independence,” a clear reference to the U.K.’s decision to leave the European Union. If trends continue, he could be doing it against a backdrop of markets crashing and the pound hitting lows last seen...Read More

Trump slams globalization, promises to upend economic status quo ... Donald Trump on Tuesday trashed U.S. trade policies that he said have encouraged globalization and wiped out American manufacturing jobs in a speech in which he promised to herald a U.S. economic resurgence. -CNNWe recently identified a growing global meme as one that is now pitting "populists" against "globalists."There has be...Read More