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
France identifies Paris attacks mastermind, seeks coalition to fight ISIS … France identified a 27-year-old Belgian who once boasted about killing "infidels" and fought for the Islamic State group in Syria as the mastermind of the Paris attacks, and President Francois Hollande vowed Monday to forge a united coalition capable of defeating the jihadists at home and abroad. – Ch...Read More
US Fed likely to tighten before year end … The US Federal Reserve is on track to raise rates before year end, with a pick-up in economic activity and positive dialogue emerging from the central bank – Investor DailyDominant Social Theme: The economy is booming. Hike, hike, hike. It's all we can do.Free-market Analysis: The tightening talk is picking up. Principal Global Investors m...Read More
France identifies Paris attacks mastermind, seeks coalition to fight ISIS … France identified a 27-year-old Belgian who once boasted about killing "infidels" and fought for the Islamic State group in Syria as the mastermind of the Paris attacks, and President Francois Hollande vowed Monday to forge a united coalition capable of defeating the jihadists at home and abroad. – Ch...Read More
Shares in top gold miner Barrick Gold (NYSE:ABX, TSE:ABX) added more than 1% on Monday, making the most of gold breaking its fall to trade just above five year lows around $1,180 an ounce at the start of the week. It was revealed in filings to the US Securities and Exchange Commission on Monday that Soros Fund Management, a company founded by legendary hedge fund billionaire George Soros, had liqu...Read More
More images from Ag??ncia Brasil FotografiasVale (NYSE:VALE) said on Monday that it would take several years for Brazil's Doce river to recover following a deadly tailings dam burst at an iron ore mine it jointly owns with BHP Billiton (LON:BHP, ASX:BHP).In an update Friday, BHP revealed that mine tailings-a mix of water, iron and other waste materials such as silica - extended 440 kilometres...Read More
With revenues of $50 billion a year and operations at the ends of the earth, few companies are in a better position to take the pulse of the global economy and the resource sector in particular than Caterpillar.The world's number one heavy equipment manufacturer has been hit hard by the decline in mining and construction - sales are down more than $15 billion from its peak just four years ago and...Read More
Krause and his team, which includes archaeobotanists and a large number of students from Goethe University, have been researching in the area for 15 years. (Image courtesy of Dr. R? 1/4 diger Krause)German researchers have detected traces of mining activity in Central Europe dating back to the Bronze Age, which resumed later in the early Middle Ages.Using the C14 method, which classifies the age o...Read More
Paris attacks: Islamic State claims responsibility, French president Francois Hollande calls it 'act of war' … In a statement posted online, IS said the attacks were a response to France's campaign against its fighters and insults against Islam's prophet. It said "eight brothers wearing explosive belts and carrying assault rifles" conducted a "blessed attack on...Read More
Catalonia rejects pro-secession leader for 2nd time … Regional Catalan lawmakers are debating whether to re-elect acting regional President Artur Mas, leader of a secessionist alliance promising to break away from Spain and form a new Mediterranean nation by mid-2017. Spain's Constitutional Court on Wednesday ordered the secession resolution temporarily suspended and warned Mas and his a...Read More
Paris attacks: Islamic State claims responsibility, French president Francois Hollande calls it 'act of war' … In a statement posted online, IS said the attacks were a response to France's campaign against its fighters and insults against Islam's prophet. It said "eight brothers wearing explosive belts and carrying assault rifles" conducted a "blessed attack on...Read More
Catalonia rejects pro-secession leader for 2nd time … Regional Catalan lawmakers are debating whether to re-elect acting regional President Artur Mas, leader of a secessionist alliance promising to break away from Spain and form a new Mediterranean nation by mid-2017. Spain's Constitutional Court on Wednesday ordered the secession resolution temporarily suspended and warned Mas and his a...Read More
The August 2014 tailings pond breach at Imperial Metal's Mount Polley mine has cost the company over $60 million to dateImperial Metals (TSX:III) had revenue of $56 million in 2015's third quarter, more than double the $23 million reported in the same period last year, the company announced November 12.Imperial began recording revenue from its Red Chris mine during the quarter after production com...Read More
State Investigates Why Cops Killed Idaho Rancher Who Was Trying to Put Down a Bull … Idaho State Police and the Idaho Attorney General's Office are investigating the puzzling shooting of 62-year-old rancher Jack Yantis by Adams County sheriff's deputies on November 1. The shooting followed a traffic accident in which one of Yantis' bulls was injured, but it remains unclear exactl...Read More
State Investigates Why Cops Killed Idaho Rancher Who Was Trying to Put Down a Bull … Idaho State Police and the Idaho Attorney General's Office are investigating the puzzling shooting of 62-year-old rancher Jack Yantis by Adams County sheriff's deputies on November 1. The shooting followed a traffic accident in which one of Yantis' bulls was injured, but it remains unclear exactl...Read More
In New York trade on Thursday copper for delivery in December fell sharply after economic data out of China showed growth in fixed investment - a key driver of copper demand - at a 15-year low.After a week of declines copper traded at a day low of $2.1585 per pound or around $4,760 a tonne on Thursday, down more than 2% from Wednesday's close and the lowest since May 2009.Copper traded below today...Read More
Anglo American's chief executive Mark Cutifani (Image from archives)Anglo American (LON:AAL) announced Thursday major changes at the senior management level, including the departure of its Brazil-based iron ore chief and a renewed focus on sales and marketing, as the stock continues to hit new lows.Paulo Castellari, who was in charge of bringing the company's long-delayed and costly $8.8 billion...Read More
Matthew O'Keefe, vice president and senior analyst with Dundee Capital Markets, says big gains-50% or greater-in mining equities can come when stocks get rerated. That typically happens when explorers make a significant discovery, developers turn into producers, and producers become even bigger producers. In this interview with The Gold Report, O'Keefe discusses two companies developing gold proje...Read More
The Bald Mountain open-pit gold mine is just one of the assets Barrick is unloading. (Image courtesy of Barrick Gold)Canada's Barrick Gold (TSX, NYSE:ABX), the world's biggest gold producer, is unloading four of its non-core Nevada mines for US$720 million in cash, and said Thursday it expects to sign at least one of the deal before year-end.The move would help the Toronto-based miner to meet its...Read More
New technology applied to the mining industry is disrupting methods that are decades old.In the process, billions of dollars will be saved.Learn in today's infographic how the "Industrial Internet", or the convergence of the global industrial sector with big data and the internet of things, is ushering in a new age of efficiency in mining.Courtesy of: Visual CapitalistThe Industrial InternetHOW IT...Read More
Few know and understand Qu?(C)bec-based mining projects like Eric Lemieux, mining analyst with PearTree Securities Inc. He understands that the low commodity price environment is hindering widespread exploration but explains that for companies with cash, exploration dollars go further in tough times. In this interview with The Gold Report, Lemieux provides some perspective on several brownfield ex...Read More