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
Trump revokes Post press credentials, calling the paper 'dishonest' and 'phony' ... Why did Donald Trump revoke The Post's media credentials? ... Donald Trump said Monday that he is pulling The Washington Post's credentials to cover his events because he is upset with the newspaper's coverage of his campaign. -WashingtonPostDonald Trump is probably justified in revoking the Post's credentials....Read More
After three years of steep declines, investors in the mining and metals finally caught a break in 2016.In his weekly report Frank Holmes of US Global Investors includes a chart that shows just how well investors in the sector are faring by highlighting the 10 best performing industries for the year: "Interestingly enough, metals and mining companies, particularly those involved in the gold space...Read More
Shares in Rio Tinto-controlled Turquoise Hill Resources (TSE, NYSE:TRQ) soared Monday on reports that the mining giant had hired Goldman Sachs as an adviser to look at a two-step wrap-up of the Vancouver-based firm.Rio wants to increase its stake in Turquoise Hill to 51% and have the rest of the Canadian firm acquired by single strategic buyer or consortium. The stock was up 12.5% to Cdn$4.14 in...Read More
Large mining companies are selling off some of their prized assets after the prolonged global commodities markets rout left some with high levels of debt.Anglo American, Glencore and Freeport have been at the forefront of those companies cutting debt, but BHP Billiton and Rio Tinto have also been looking to rationalize their assets while signaling an interest in acquisitions.Shares in mining firms...Read More
Joseph Grosso is Executive Chairman, CEO & President of a leading junior mining firm in Argentina, Golden Arrow Resources. He has successfully formed strategic alliances and negotiated with mining industry majors such as Barrick, Teck, Newmont, Viceroy (now Yamana Gold) and Vale S.A., and government officials at all levels. Mr. Grosso’s specialty is financing, negotiations, corporate an...Read More
Donald Trump’s scaremongering response to Orlando shooting is the opposite of what America needs ... The gunning down of dozens of party-goers in a gay club in Florida showed, he wrote, that he had been ‘right on radical Islamic terrorism’. He thanked followers for ‘the congrats’. Appreciate the congrats for being right on radical Islamic terrorism, I don̵...Read More
The memory of the use of the first nuclear bomb that brought the second great global inferno to an end continues to weigh on the collective consciousness despite the passing of more than 71 years since the tragic military intervention that obliterated the civilian population ... Because of their massive destructive power, nuclear weapons represent a huge contradiction that surrounds the power of i...Read More
Astronaut takes first step inside International Space Station’s inflatable ‘spare room’ ... Bigelow Aerospace developed the first-of-its-kind habitat as part of an $18 million contract with Nasa. The company has an eye on eventually using its inflatable technology to build hotels in space. -TelegraphAccording to NASA, this "flexible habitat" is a model of something the astrona...Read More
Joseph Grosso is Executive Chairman, CEO & President of a leading junior mining firm in Argentina, Golden Arrow Resources. He has successfully formed strategic alliances and negotiated with mining industry majors such as Barrick, Teck, Newmont, Viceroy (now Yamana Gold) and Vale S.A., and government officials at all levels. Mr. Grosso’s specialty is financing, negotiations, corporate an...Read More
Donald Trump’s scaremongering response to Orlando shooting is the opposite of what America needs ... The gunning down of dozens of party-goers in a gay club in Florida showed, he wrote, that he had been ‘right on radical Islamic terrorism’. He thanked followers for ‘the congrats’. Appreciate the congrats for being right on radical Islamic terrorism, I don̵...Read More
The memory of the use of the first nuclear bomb that brought the second great global inferno to an end continues to weigh on the collective consciousness despite the passing of more than 71 years since the tragic military intervention that obliterated the civilian population ... Because of their massive destructive power, nuclear weapons represent a huge contradiction that surrounds the power of i...Read More
Astronaut takes first step inside International Space Station’s inflatable ‘spare room’ ... Bigelow Aerospace developed the first-of-its-kind habitat as part of an $18 million contract with Nasa. The company has an eye on eventually using its inflatable technology to build hotels in space. -TelegraphAccording to NASA, this "flexible habitat" is a model of something the astrona...Read More
It probably won't become the latest fad diet, but copper is believed to be useful for burning fat and therefore avoiding weight gain.That is according to recent research out of the University of California, Berkeley, which sought to clarify the role that copper plays in nutrition. Researchers at Berkeley, Lawrence Berkeley National Laboratory and Howard Hughes Medical Institute found that copper...Read More
In afternoon New York trade on Friday copper for delivery in July suffered another down day exchanging hands for $2.0175 a pound ($4,458 a tonne) settling at its lowest level since mid-February.Copper's weakness comes despite Chinese trade data released earlier this week showing 2016 imports of refined copper are up 22% compared to the first five months last year. The increase in copper con...Read More
Arizona Mining Inc. [AZ-TSX] has released the results of three new exploration drill holes targeting the expansion of the Taylor zinc-lead-silver sulphide deposit located on its 100%-owned Hermosa Project in Santa Cruz County, southeast Arizona.All holes are significant expansions to the maiden resource announced on Feb. 1, 2016.HDS-346 intersected several zones of mineralization, including 183 fe...Read More
Obama endorses Hillary Clinton: ‘I am with her. I am fired up.’ ... President Obama dispensed with his long-held pledge of neutrality in the Democratic presidential race Thursday, backing Hillary Clinton as the most qualified candidate to succeed him in the nation's highest office. "I know how hard this job can be. That’s why I know Hillary will be so good at it," he said in a...Read More
Why it’s time to go back to the Moon ... It’s more than a stepping stone to Mars ... Mars is an extremely popular destination right now. Putting people on the Red Planet has been the big goal for NASA since 2010, and SpaceX CEO Elon Musk has made it very clear that his company is going to try to start a Martian colony as early as 2024. – The VergeWe recently wrote about Elon Musk...Read More
Obama endorses Hillary Clinton: ‘I am with her. I am fired up.’ ... President Obama dispensed with his long-held pledge of neutrality in the Democratic presidential race Thursday, backing Hillary Clinton as the most qualified candidate to succeed him in the nation's highest office. "I know how hard this job can be. That’s why I know Hillary will be so good at it," he said in a...Read More
Why it’s time to go back to the Moon ... It’s more than a stepping stone to Mars ... Mars is an extremely popular destination right now. Putting people on the Red Planet has been the big goal for NASA since 2010, and SpaceX CEO Elon Musk has made it very clear that his company is going to try to start a Martian colony as early as 2024. – The VergeWe recently wrote about Elon Musk...Read More
A US court has ruled in favour of Rio Tinto's (LON, ASX:RIO) Kennecott in a lawsuit over alleged pollution at its Bingham Canyon copper mine, located in Utah.The charges were brought forward in Sep. 2013 by a coalition of environmental groups including the Sierra Club, Utah Physicians for a Healthy Environment, Utah Moms for Clean Air and WildEarth Guardians, which claimed the operation was excee...Read More