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
Skeena Resources Limited (TSX.V: SKE) ("Skeena" or the "Company") is pleased to announce the acquisition of a 100% interest in the GJ property (the "GJ Property") from majority owner Teck Resources Limited (TSX: TCK) ("Teck") and its 49% joint venture partner, NGEx Resources Inc. (TSX: NGQ) ("NGEx"). The GJ Property is comprised of 80 mineral claims totaling 37,508 hectares and is located adjacent...Read More
Copper Mountain is located in Canada, 20km south of Princeton. Image from IntelligenceMine.Copper Mountain announced that in the third quarter of 2015 the mine produced 20.4 million pounds of copper.Concentrate shipped during the quarter contained approximately 21.9 million pounds of copper, plus gold and silver, generating an estimated US$60 million in gross revenue. In the third quarter the mil...Read More
Toronto, ON - Siyata Mobile Inc. (TSX-V:SIM) (the "Company" or "Siyata") is pleased to announce that it has received its first purchase order from BUG, Israel's largest technology retail chain, to launch Truckfone in their outlets nationwide.BUG is Israel's largest retail chain for mobile devices, computers and IT products - renowned not only for its size, but also its unmatched market reputatio...Read More
At least 10 people were killed and nine others were wounded when a gunman who demanded to know his victims' religions opened fire Thursday on a campus in southwest Oregon, witnesses and authorities said.The gunman was killed in a firefight with Douglas County sheriff's deputies at Umpqua Community College, Sheriff John Hanlin said. Multiple law enforcement sources identified him to NBC New...Read More
At least 10 people were killed and nine others were wounded when a gunman who demanded to know his victims' religions opened fire Thursday on a campus in southwest Oregon, witnesses and authorities said.The gunman was killed in a firefight with Douglas County sheriff's deputies at Umpqua Community College, Sheriff John Hanlin said. Multiple law enforcement sources identified him to NBC New...Read More
Andrew Pullar, CEO of The Sentient Group, a private equity fund, says his plan for investment success is all about identifying companies with long-life, low-cost, world-class assets and supporting them through to production. In this interview with The Gold Report, Pullar plots the course for a handful of what he believes are world-class mining assets.The Gold Report: Please sum up your current vie...Read More
The Mining Association of Canada (MAC) expressed its firm support for Canada's participation in the Trans-Pacific Partnership (TPP)."Canada's mining industry has been a strong advocate for liberalized trade and investment flows for many years," stated Pierre Gratton, MAC's President and CEO."NAFTA, free trade agreements with Chile, Peru, Colombia, and other countries in Latin America, Africa, and...Read More
Scores of U.S. Secret Service employees improperly accessed the decade-old, unsuccessful job application of a congressman who was investigating scandals inside the agency, a new government report said Wednesday. An assistant director suggested leaking embarrassing information to retaliate against Rep. Jason Chaffetz, R-Utah, chairman of the House oversight committee.The actions by the employees co...Read More
Scores of U.S. Secret Service employees improperly accessed the decade-old, unsuccessful job application of a congressman who was investigating scandals inside the agency, a new government report said Wednesday. An assistant director suggested leaking embarrassing information to retaliate against Rep. Jason Chaffetz, R-Utah, chairman of the House oversight committee.The actions by the employees co...Read More
A decision on Friday by a Greek court going in favour of Eldorado Gold's (TSX:ELD) Skouris mine has bumped the stock up by close to 10 percent.Shares in the $3.3-billion market cap company gained 9.63 percent at the close of trading in Toronto, following news that the company can temporarily resume mining until a final court ruling is made. It's the most the Vancouver-based global gold miner has...Read More
Two top Army generals recently discussed trying to kill an article in The New York Times on concussions at West Point by withholding information so the Army could encourage competing news organizations to publish a more favorable story, according to an Army document.The generals' conversation involved a Freedom of Information Act request that The Times made in June for data on concussions resu...Read More
Two top Army generals recently discussed trying to kill an article in The New York Times on concussions at West Point by withholding information so the Army could encourage competing news organizations to publish a more favorable story, according to an Army document.The generals' conversation involved a Freedom of Information Act request that The Times made in June for data on concussions resu...Read More
Unless you were hiding out in rough rice or lean hogs, commodities were not your friend in the third quarter of 2015.GoldCore compiled three-month relative performance of commodities with data from Finviz.com. Worries out of Asia hurt commodities. China is rebalancing, emphasising consumption over investment. It's stock market gyrations also dragged down metals. The Shanghai Composite Index fallin...Read More
The slowdown in the Chinese economy has been front and centre for commodities markets for a long time, but today's its impact is felt on US interest rate policy and equity markets. China's official GDP growth is expected to slow to less than 7% in 2015, the slowest pace in 25 years.But even at this rate of growth the country would be adding some $700 billion to gross domestic product (and that's e...Read More
Vancouver, BC - Graphite One Resources Inc. (TSX-V:GPH / GPHOF:OTCQX) ("Graphite One" or the "Company") is pleased to announce it has completed and closed on its previously announced non-brokered private placement ("Private Placement") and has raised gross proceeds of $1,359,234.94.Pursuant to this closing, the Company has issued a total of 19,417,642 units (the "Units") at a price of C$0.07 per...Read More
Last week's announcement that Saudi Arabia — easily one of the world's most brutally repressive regimes — was chosen to head a U.N. Human Rights Council panel provoked indignation around the world. That reaction was triggered for obvious reasons. Not only has Saudi Arabia executed more than 100 people already this year, mostly by beheading (a rate of 1 execution every two days)...Read More
Last week's announcement that Saudi Arabia — easily one of the world's most brutally repressive regimes — was chosen to head a U.N. Human Rights Council panel provoked indignation around the world. That reaction was triggered for obvious reasons. Not only has Saudi Arabia executed more than 100 people already this year, mostly by beheading (a rate of 1 execution every two days)...Read More
Christine Lagarde speaking at the World Economic Forum in Davos, Switzerland. Image from Wikipedia.With China emphasising consumption over investment, there 'could be a prolonged period of low commodity prices', said Christine Lagarde, Managing Director of International Monetary Fund.Lagarde, who was speaking to the Council of the Americas today, said China is transitioning to a new growth model,...Read More
Collahuasi cutsOn Wednesday copper futures staged a comeback from six year lows hit earlier in the week as supply disruptions from top producing countries Chile and Peru lift sentiment in beaten down sector.On the Comex market in New York copper for delivery in December surged as much as 4.7% to a session high of $2.3575 or $5,200 a tonne. Today's advance lifted the red metal out of bear territor...Read More
#Peru: 3 people dead in protests against mining project #LasBambas | http://t.co/bFce77m5kf (esp) via @laprensaperu pic.twitter.com/TFyNiXWcO7- Revolution News (@NewsRevo) September 29, 2015Protests at MMG's Las Bambas mine in Peru resulted in four fatalities and 16 people seriously injured yesterday, said the company in statement.A state of emergency has been imposed at the Apurimac region near t...Read More