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

The Silver-Skelos 'defense': Corruption is the way of Albany … How do you defend the indefensible? If you're former state Senate Majority Leader Dean Skelos, you do the same as your Assembly counterpart, Sheldon Silver: You don't. Like Silver, Skelos opted not to testify on his own behalf — likely realizing the jury wouldn't believe a word. – NewYorkPostDomina...Read More

Clock ticks on Swiss banking secrecy … Many Swiss believe banking secrecy cannot be sustained … Switzerland is facing mounting pressure finally to abandon its long tradition of banking secrecy. The United States has already told the Swiss government it expects Swiss banks to provide the US authorities with automatic information about US clients. Now the European Union is demanding the...Read More

The Silver-Skelos 'defense': Corruption is the way of Albany … How do you defend the indefensible? If you're former state Senate Majority Leader Dean Skelos, you do the same as your Assembly counterpart, Sheldon Silver: You don't. Like Silver, Skelos opted not to testify on his own behalf — likely realizing the jury wouldn't believe a word. – NewYorkPostDomina...Read More

At the end of trading in London on Thursday shares in Glencore plc (LON:GLEN) was priced at 89p, up 7.4% in colossal volumes of more than 134 million shares traded.In New York Glencore's (GLCNY) over the counter stock advanced by more than 10% in equally busy trade bringing the company's market value back to within shouting distance of $20 billion.The reason behind the surge is the Swiss mining an...Read More

What does a veteran mining executive look for when investing his money in junior equities? In this interview with The Gold Report, Rob McEwen, who has been predicting $5,000/oz gold prices since 2011, explains why he still thinks that this is a possibility in the next four years and how companies can take advantage of technology to ensure that a price rise goes to the bottom line-and ultimately s...Read More

On November 30th the International Monetary Fund (IMF) announced that it would admit China's Renminbi currency, commonly known as the Yuan, to the select basket of reserve currencies that make up its Special Drawing Rights (SDR's). Having been stalled by U.S. influence for many years, the long-awaited IMF decision acknowledges the massive transfer of financial power from the old West to the new E...Read More

Buying and selling older houses in Metro Vancouver is now worth more to the provincial economy than the B.C. forestry, natural gas and mining industries combined.Projected dollar volume of residential resales in 2015 through the Real Estate Board of Greater Vancouver is pegged at $38.6 billion, up 41% from a year ago, according to the BC Real Estate Association. Sales of detached houses alone in t...Read More

It's going to get much worse for gold … It's been another tough year for gold. The precious metal has fallen 10 percent in 2015 and is tracking for its longest yearly losing streak since 1998. And according to one technician, the pain will continue heading into 2016. "I think there's still downside here," Rich Ross said Monday on CNBC's "Trading Nation." &...Read More

It's going to get much worse for gold … It's been another tough year for gold. The precious metal has fallen 10 percent in 2015 and is tracking for its longest yearly losing streak since 1998. And according to one technician, the pain will continue heading into 2016. "I think there's still downside here," Rich Ross said Monday on CNBC's "Trading Nation." &...Read More

Shares in Turquoise Hill Resources (TSE,NYSE:TRQ) jumped nearly 5% in early trade on Wednesday after the company announced 2016 production and financial guidance for its Oyu Tolgoi copper-gold mine in Mongolia.By early afternoon Turquoise Hill gave up most of those gains but stayed in positive territory affording the company a $4.9 billion market value on the New York Stock Exchange. The stock is...Read More

Freeport McMoRan is closing its Sierrita copper mine outside of Tucson, Arizona, and is considering selling minority interests in certain mining assets. (Image from archives)Freeport-McMoRan Inc. (NYSE:FCX), the world's largest publically traded copper producer, took a page of Anglo American's books Wednesday and announced it will continue with spending and production cutbacks as it battles to pr...Read More

Image by Brett Weinstein | Flickr Commons.U.S. leading Democratic presidential candidate, Hillary Clinton, intervened in a request from her son-in-law on behalf of a deep-sea mining firm to meet with her or other agency officials while she was secretary of state, Associated Press reported.The 2012 emails from an investor in Florida-based deep sea mining firm Neptune Minerals Inc. were forwarded to...Read More

Courtesy of: Visual CapitalistWe have said previously that Africa is the new land of opportunity for speculators and investors. Although there is no shortage of risks, the continent is home to vast amounts of resource wealth, the fastest growing class of millionaires, and even the world's fastest growing city.The Chinese must agree that there is great opportunity to be found on the second larges...Read More

In Brazil, Rising and Rampant Racism Is Written On The Wall … A group puts racist tweets on billboards in the neighborhood in which the troll lives. The biggest lawyers group seeks an apology and reparations for slavery. Brazil is combating racism in new ways. – NPRDominant Social Theme: The real problem with Brazil is its history of racism.Free-Market Analysis: In this article, we wil...Read More

The twentieth century has witnessed the beginning, development, and end of the most tragic experiment in human history: socialism. The experiment resulted in tremendous human losses, destruction of potentially rich economies, and colossal ecological disasters. The experiment has ended, but the devastation will affect the lives and health of generations to come. The real tragedy of this experiment...Read More

In Brazil, Rising and Rampant Racism Is Written On The Wall … A group puts racist tweets on billboards in the neighborhood in which the troll lives. The biggest lawyers group seeks an apology and reparations for slavery. Brazil is combating racism in new ways. – NPRDominant Social Theme: The real problem with Brazil is its history of racism.Free-Market Analysis: In this article, we wil...Read More

The twentieth century has witnessed the beginning, development, and end of the most tragic experiment in human history: socialism. The experiment resulted in tremendous human losses, destruction of potentially rich economies, and colossal ecological disasters. The experiment has ended, but the devastation will affect the lives and health of generations to come. The real tragedy of this experiment...Read More

Tuesday was another bleak day on commodity markets. The prices of crude oil, iron ore and industrial and precious metals all declined pushing a number of commodities to fresh multi-year lows.The world's major mining companies were trading even weaker than their wares with stock valuations of the top tier reaching decade and sometimes record lows.The commodities market is a contrarian's dream at...Read More

Future looks brighterTuesday was another bleak day on commodity markets.The price of crude oil ($37.65) and iron ore ($38.80) dropped again and the globe's two most traded raw materials are now at levels prior to the word supercycle even entering the popular lexicon.Similarly precious metals and industrial continued to drift lower with bellwether copper exchanging hands barely above seven-year l...Read More

Anglo American's overhaul reflects the dire straits the global mining industry is in these days. (Image: Screenshot from Anglo American video via YouTube)Shares in Anglo American (LON:AAL) nosedived Tuesday after the miner announced drastic measures meant to cope with an ongoing rout in commodities prices, including massive lay offs, asset sales and an expected suspension of dividend payments.The...Read More