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
What if you could tell before a press release comes out that a company is poised to be bought out, possibly at a nice premium? Sounds good, right? By watching historic patterns, that might just be possible. The Gold Report reached out to experts who have been around through enough cycles to know and asked for the clues they watch that an acquisition might be imminent. From location and early inves...Read More
India Banks Are Finally Looking Better, And So Is Their Economy … Moody's raised national banks credit outlooks to stable from negative. Nonperforming loans on the books of Indian banks are showing signs of improvement, and so is the nation's economy. Despite some much publicized disses of the Indian investment story, mainly from emerging market commodity guru Jim Rogers, India...Read More
Florida medical pot law misses deadline, nearly a year behind … Almost a year-and-a-half since Gov. Rick Scott and state lawmakers legalized a form of medical marijuana, the latest deadline for making it available to Floridians has gone up in smoke. Again. – MyPalmBeachPostDominant Social Theme: Say, it seems like there's a lot of pushback against any kind of cannabis legalization....Read More
India Banks Are Finally Looking Better, And So Is Their Economy … Moody's raised national banks credit outlooks to stable from negative. Nonperforming loans on the books of Indian banks are showing signs of improvement, and so is the nation's economy. Despite some much publicized disses of the Indian investment story, mainly from emerging market commodity guru Jim Rogers, India...Read More
Florida medical pot law misses deadline, nearly a year behind … Almost a year-and-a-half since Gov. Rick Scott and state lawmakers legalized a form of medical marijuana, the latest deadline for making it available to Floridians has gone up in smoke. Again. – MyPalmBeachPostDominant Social Theme: Say, it seems like there's a lot of pushback against any kind of cannabis legalization....Read More
The copper price is having a torrid 2015 as economic news out China continues to rattle investors and bears discount any positive developments from the world's number one consumer of the metal.The release of China's commodity-friendly five-year plan through 2020 released last week has done little to lift sentiment and even a stronger-than-expected reading of Chinese manufacturing activity released...Read More
Ben Graham value investing now exists in the mining space - the type of investing that Warren Buffet is famous for. But this is simply NOT supposed happen. Why? Because mining companies have reserves and resources in the ground, which are reflected in a company's share price... that is, in a normal market.Cecil Musgrave, publisher of Investorsguru.com, contends that today's market is so broken tha...Read More
Thirty years of stock market crashes – and the signs they were coming. Is another stock market crash around the corner? … As the stock market struggles to recover from "Black Monday" in August, many investors are wondering how long it will be before the market regains the levels seen before the crash … Here we look at seven of the stock market setbacks of the past 30 ye...Read More
Whatever the Chilcot Inquiry finds will be as irrelevant as Tony Blair himself … though the families of fallen troops will disagree. There are things that we know we know, and what we know we know about Iraq we knew from the start. … We also know that whatever Chilcot concludes will lead Mr Tony neither to The Hague nor to salvation from his wretched half-life as an emblem of national...Read More
Thirty years of stock market crashes – and the signs they were coming. Is another stock market crash around the corner? … As the stock market struggles to recover from "Black Monday" in August, many investors are wondering how long it will be before the market regains the levels seen before the crash … Here we look at seven of the stock market setbacks of the past 30 ye...Read More
Whatever the Chilcot Inquiry finds will be as irrelevant as Tony Blair himself … though the families of fallen troops will disagree. There are things that we know we know, and what we know we know about Iraq we knew from the start. … We also know that whatever Chilcot concludes will lead Mr Tony neither to The Hague nor to salvation from his wretched half-life as an emblem of national...Read More
(Image courtesy of Peru's Government photo archives)Peru's former president Alan Garc?-a has kicked off his campaign for a third term with a promise to deliver economic growth of at least 6% a year mainly by attracting more mining investment.The 66-year-old long-time leader of the centre-left American Popular Revolutionary Party, said he planned to achieve such goals by reducing red tape to a min...Read More
Australian junior miners have decided to battle the capital drought afflicting the sector by turning to the Internet to raise funds.The growing practice, known as crowdfunding, consists on soliciting small amounts of money from a large number of people in order to fund a project or venture. But small miners and explorers have been somehow deprived of the innovative method in Australia due to some...Read More
Image: Thierry EhrmannThe end of China's one-child policy has grabbed all the headlines, but the Fifth Plenary Session of the 18th Central Committee of the Communist Party of China (to give its full designation) also outlined the direction of the world's second largest economy over the next five years.China's 13th five-year plan running from 2016 - 2020 is the first one approved by Xi Jinping...Read More
Kal Tire Chile's administration office and OTR tire retread and repair facility.Vernon, British Columbia-Kal Tire's Mining Tire Group officially opened today a new OTR tyre retread and repair facility near the port city of Antofagasta, in the heart of Chile's mining industry."Kal Tire has been supporting the Chilean mining industry for many years," says Pedro Pacheco, vice president operations, Ka...Read More
Construction at Eldorado's Skouries mine and processing plant.Canada's Eldorado Gold (TSX:ELD) (NYSE:EGO) logged Friday a third-quarter loss of $96.1 million, after reporting a profit in the same period a year earlier.The Vancouver, British Columbia-based miner said it lost 13 cents per share, and that total losses, adjusted for non-recurring costs, were 1 cent per share. Revenue for the period...Read More
Why are the eight tunnel boring machines (TBMs) used in London's mega Crossrail project all named after women (Phyllis, Ada, Elizabeth, Victoria, Jessica, Ellie, Sophia and Mary)? Why is the infamous TBM stuck underneath Seattle for the last two years called (Big) Bertha and why is Alice tunneling Vancouver's new Evergreen Line?Gizmodo's Factually picks up on a Los Angeles Times article, abo...Read More
If it wasn't already clear, the junior companies that explore, develop, and mine the world's metals are struggling. PwC recently recapped the malaise of these companies in its latest Junior Mine 2015 report, along with highlighting some success stories of those that have been able to bypass the onslaught.The report, which looks at the Top 100 junior mining companies traded on the TSX Venture excha...Read More
Colombia seeks to legalize medical marijuana products … Colombia's Health Ministry seeks to allow for the manufacture and sale of medical marijuana products in Colombia, local media reported Wednesday. Health Minister Alejandro Gaviria reportedly stated that he is working on a decree to allow for the commercialization of medical cannabis products. – Colombia ReportsDominant Social...Read More
Iraq and Syria conflicts will see US putting boots on the ground after all … It was President Barack Obama's big promise: before he left office, America would be done deploying forces to fight other people's wars … And now what's happening exactly? – UK IndependentDominant Social Theme: US peacemakers are to withdraw from enemy combat zones as soon as possible, or at...Read More