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
Verizon is buying Yahoo for $4.8 billion ... It’s official: The sale completes Yahoo’s evolution from influential search pioneer and web portal juggernaut to, in the end, a once-dominant brand that lost its way. Parties as diverse as Warren Buffett and The Daily Mail were interested in buying Yahoo. But after a sale process that dragged on for months, Verizon (VZ, Tech30), long viewed...Read More
Chinese miners have been aggressively scouting for overseas mining acquisitions this year and are expected to continue bidding for strategic assets amid a commodity downturn that has pushed top miners to shore up their balance sheets by off-loading operations.Only from January to June this year, China-backed funds and companies snapped up $4.5 billion worth of overseas mining assets, or 18.2% more...Read More
How should France answer to the horror in Nice? The country is now deeply entrenched in a long-term war with few hopes of dodging future attacks. The anger of the French population is understandable. But booing a prime minister at the commemoration ceremony for the loss of innocent lives is not the smartest idea. No intelligence service could have prevented the Nice attack as nothing in the pr...Read More
After years of struggle against the EU, which we documented at The Daily Bell, anti-EU forces have finally removed Britain from the European Union.The tribes of Britain were the first to make the jump back into fuller nationhood. But there will be other countries trying as well.It’s a great day for Britain and a good day for The Daily Bell that has had as one of its main missions analy...Read More
Britain backs renewal of Trident nuclear programme ... Trident programme involves four new vessels at an estimated cost of $54bn over the next 20 years. British prime minister affirms she would order nuclear strike ... Despite opposition from the pro-independence Scottish National Party (SNP) and some in the opposition Labour Party, parliament approved the Scottish-based nuclear-armed Trident subm...Read More
Daily Bell Sponsor Golden Arrow Resources can be visited at Booth 51 at the Natural Resources Symposium, July 26-29, at the Fairmont Hotel in Vancouver, BC.Golden Arrow is a Vancouver-based explorer and prospect generator focused on identifying, acquiring and advancing precious and base metal discoveries with the goal of defining world class deposits. The Group's success at mineral discovery,...Read More
How should France answer to the horror in Nice? The country is now deeply entrenched in a long-term war with few hopes of dodging future attacks. The anger of the French population is understandable. But booing a prime minister at the commemoration ceremony for the loss of innocent lives is not the smartest idea. No intelligence service could have prevented the Nice attack as nothing in the pr...Read More
After years of struggle against the EU, which we documented at The Daily Bell, anti-EU forces have finally removed Britain from the European Union.The tribes of Britain were the first to make the jump back into fuller nationhood. But there will be other countries trying as well.It’s a great day for Britain and a good day for The Daily Bell that has had as one of its main missions analy...Read More
Britain backs renewal of Trident nuclear programme ... Trident programme involves four new vessels at an estimated cost of $54bn over the next 20 years. British prime minister affirms she would order nuclear strike ... Despite opposition from the pro-independence Scottish National Party (SNP) and some in the opposition Labour Party, parliament approved the Scottish-based nuclear-armed Trident subm...Read More
Daily Bell Sponsor Golden Arrow Resources can be visited at Booth 51 at the Natural Resources Symposium, July 26-29, at the Fairmont Hotel in Vancouver, BC.Golden Arrow is a Vancouver-based explorer and prospect generator focused on identifying, acquiring and advancing precious and base metal discoveries with the goal of defining world class deposits. The Group's success at mineral discovery,...Read More
North American stock markets continued to climb on Friday, while the dollar ascended a four-month high, causing downward pressure on precious and base metals prices.As the Dow, the S&P 500 and the Nasdaq indices all finished up, copper for September delivery on the Comex in New York slumped 2.6 cents or 1.2 percent to $2.23 a pound. Gold was down 0.67% to $1,322.39 an ounce, along with silver, w...Read More
Brian McEwen is a professional geologist with more than 30 years of exploration and production experience in open-pit and underground mining projects and operations. He is VP Exploration & Development for Golden Arrow, a sponsor of The Daily Bell.The Daily Bell: Tell us a little more about your background.Brian McEwen: I graduated from UBC in 1981, with a BSc in Earth Sciences, then work...Read More
Brian McEwen is a professional geologist with more than 30 years of exploration and production experience in open-pit and underground mining projects and operations. He is VP Exploration & Development for Golden Arrow, a sponsor of The Daily Bell.The Daily Bell: Tell us a little more about your background.Brian McEwen: I graduated from UBC in 1981, with a BSc in Earth Sciences, then work...Read More
First was Latin America, now Africa. No matter where the projects are located, if they are promising copper or gold assets, Chinese investors are coming for it.The imminent acquisition of Freeport-McMoRan's Tenke Fungurume mine in the Democratic Republic of Congo is just the latest sign of a growing trend, as analysts expect the Asian nation to continue its quest for a steady supply of metals, ma...Read More
Donald Trump wrongly blames Hillary Clinton for creation of ISIS ... Donald Trump and his vice presidential candidate Mike Pence gave their first joint interview to 60 Minutes and used the show to point the finger at Hillary Clinton for ISIS ... The intervention in Libya, which she supported, did give ISIS an opening, but Trump is overstating her role by saying she is responsible for ISIS. T...Read More
Tesla’s stock falls after Elon Musk reveals his ‘master plan’ ... CEO Elon Musk, has a “master plan” for his company and for the future of electric vehicles and autonomous driving. After more than a week of teasing about its existence, Elon Musk revealed Part 2 of his "master product plan" for Tesla on Wednesday evening. Or, as he calls it, "part deux." -LATimesA vi...Read More
We Will Win the Global War Against Radical Islamists ... "What good comes from slowing down immigration of people from the Middle East?" This is what we are hearing from the so-called smart pundits on the news this morning after a butcher dragged and crushed innocent people down a street for a mile in Nice France. This is just the latest battle in a global war being waged against anyone that...Read More
Donald Trump wrongly blames Hillary Clinton for creation of ISIS ... Donald Trump and his vice presidential candidate Mike Pence gave their first joint interview to 60 Minutes and used the show to point the finger at Hillary Clinton for ISIS ... The intervention in Libya, which she supported, did give ISIS an opening, but Trump is overstating her role by saying she is responsible for ISIS. T...Read More
Tesla’s stock falls after Elon Musk reveals his ‘master plan’ ... CEO Elon Musk, has a “master plan” for his company and for the future of electric vehicles and autonomous driving. After more than a week of teasing about its existence, Elon Musk revealed Part 2 of his "master product plan" for Tesla on Wednesday evening. Or, as he calls it, "part deux." -LATimesA vi...Read More
We Will Win the Global War Against Radical Islamists ... "What good comes from slowing down immigration of people from the Middle East?" This is what we are hearing from the so-called smart pundits on the news this morning after a butcher dragged and crushed innocent people down a street for a mile in Nice France. This is just the latest battle in a global war being waged against anyone that...Read More