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

For investors willing to take a long-term view on their resource portfolios, this could be the best of times, says U.S. Global Investors CEO and Chief Investment Officer Frank Holmes. If you add patience to your portfolio management strategy, holding discounted oil and gas and metals mining stocks is one way to leverage the price equilibrium that will come when China's growth hits the market. In t...Read More

Medical cannabis fuels new sector …There's a flurry of activity in the 'farm to pharma' sector. A pot stock boom looks set to sweep the Australian sharemarket after plans to legalise medical cannabis, with a host of ASX-listed companies fast-tracking their moves to enter the market. Australia's first listed medical marijuana company, MMJ PhytoTech, which merged with Canadian...Read More

Yes, the Civil War was about Slavery. Get over it. Stone Mountain can keep its memorial, but it needs a reboot … Yesterday I wrote a piece about how it's time for the Georgia legislature to stop honoring slavery, and it seems people have taken it way out of context. The first line of that post was "Is it time to put away the war between the states? Yes, it is. It's way past time...Read More

Medical cannabis fuels new sector …There's a flurry of activity in the 'farm to pharma' sector. A pot stock boom looks set to sweep the Australian sharemarket after plans to legalise medical cannabis, with a host of ASX-listed companies fast-tracking their moves to enter the market. Australia's first listed medical marijuana company, MMJ PhytoTech, which merged with Canadian...Read More

Yes, the Civil War was about Slavery. Get over it. Stone Mountain can keep its memorial, but it needs a reboot … Yesterday I wrote a piece about how it's time for the Georgia legislature to stop honoring slavery, and it seems people have taken it way out of context. The first line of that post was "Is it time to put away the war between the states? Yes, it is. It's way past time...Read More

Slowing growth in China and Brazil, muted conditions in Europe and a weak recovery in the US will continue to pressure global base metal prices, says Moody's.Prices for iron ore, copper, nickel, aluminum and other metals have been in a multiyear slump amid sluggish growth in advanced economies and weakening expansion in emerging markets.Unfortunately, the trend won't be fading anytime soon, Moody'...Read More

Do you have wealth insurance? Tocqueville Gold Fund Portfolio Manager John Hathaway has studied the past and he sees a bright future for those who have taken the precaution of protecting themselves from the downside of a general bear market by buying resource mining stocks when they are at historic low prices. In this interview with The Gold Report, Hathaway shares the names the fund is holding as...Read More

Is the bottom in? Rick has seen too many cycles to answer a question like that. Despite the many claims, truth is, nobody knows yet. But his previous call for a potential capitulation in October is likely off the table.Watch Interview with Rick RuleTalking points of this week's interview -?EUR? Is there more upside or downside??EUR? How a US dollar rally will impact the latest rally in miners??EUR...Read More

Barcelona Threatens to Print Parallel Currency, Madrid Seethes … Over the next six months, Barcelona's left-wing city council plans to roll out a cash-less local currency that has the potential to become the largest of its kind in the world. The main goal of the project, according to a council spokesperson, is to boost economic opportunities for local businesses and traders. The idea is...Read More

Spoofing trial to shine light on secret world of high-frequency trading … In less time than it takes you to read this sentence, Michael Coscia could make more money than most Americans earn in an 8-hour day. If you blinked, you miss it. But if you slowed down time … you'd see the unmistakable evidence of a sophisticated criminal at work, the feds say. That's because Coscia, 53,...Read More

Barcelona Threatens to Print Parallel Currency, Madrid Seethes … Over the next six months, Barcelona's left-wing city council plans to roll out a cash-less local currency that has the potential to become the largest of its kind in the world. The main goal of the project, according to a council spokesperson, is to boost economic opportunities for local businesses and traders. The idea is...Read More

Spoofing trial to shine light on secret world of high-frequency trading … In less time than it takes you to read this sentence, Michael Coscia could make more money than most Americans earn in an 8-hour day. If you blinked, you miss it. But if you slowed down time … you'd see the unmistakable evidence of a sophisticated criminal at work, the feds say. That's because Coscia, 53,...Read More

The mine, located at 4,000 metres in the south of the South American country, is set to deliver 400,000 tonnes of copper per year during the first five years of production placing it within the top three copper mines globally.MMG's Las Bambas copper mine in Peru, one of the world's biggest mines of the red metal, is on track to begin production in the first quarter of 2016, despite weak prices and...Read More

Staffing at the Myra Falls zinc and copper mine near Campbell River has been reduced to a skeletal level, with 88 workers laid off this week after the owner postponed capital projects at the site.Citing continued low commodity prices, Switzerland-based Nyrstar said Thursday (October 22) it has postponed funding of mine upgrades, which means the mine remains idle. Operations at Myra Falls were susp...Read More

The big accident could have been averted if the agency had had greater expertise and acted more prudently, according to a government assessment. (Image from archives)Results of a government probe released Thursday say the U.S. Environmental Protection Agency (EPA) is to blame for the blowout at the abandoned Gold King Mine in Colorado, which caused a massive spill of mining wastewater into local r...Read More

Gold has shown strength in the last couple of weeks – though inflation isn't the only catalyst. There's another factor, namely a bizarre new proposal from Bank of England Chief Economist Andy Haldane that's catching on with Fed governors and frustrated central bankers worldwide. You see, if Haldane gets his way, gold may not just be a store of value – it may be the only one...Read More

Mexico's supreme court plans to discuss a proposal that could effectively legalize the consumption and production of marijuana for recreational use in a session at the end of October. Judges will vote on whether to declare unconstitutional parts of a federal health law prohibiting the growth and consumption of marijuana after a nonprofit group filed an injunction against a 2013 decision by hea...Read More

Gold has shown strength in the last couple of weeks – though inflation isn't the only catalyst. There's another factor, namely a bizarre new proposal from Bank of England Chief Economist Andy Haldane that's catching on with Fed governors and frustrated central bankers worldwide. You see, if Haldane gets his way, gold may not just be a store of value – it may be the only one...Read More

Mexico's supreme court plans to discuss a proposal that could effectively legalize the consumption and production of marijuana for recreational use in a session at the end of October. Judges will vote on whether to declare unconstitutional parts of a federal health law prohibiting the growth and consumption of marijuana after a nonprofit group filed an injunction against a 2013 decision by hea...Read More

After five years of unrelenting declines only punctuated by a couple of false dawns (talking 'bout you nickel) green shoots are appearing in the metals and mining sector.There's BHP whipping up enough excitement with a "commodity premium" (whatever that is) to amass orders in excess of $13 billion for a bond offering. Unusually, lots of interest for the hybrid offering came from Asia according to...Read More