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

Can central bankers succeed in getting global economy back on track? … Why is the world economy still so weak and can anything more be done to accelerate growth? Six years after the near-collapse of the global financial system and more than five years into one of the strongest bull markets in history, the answer still baffles policymakers, investors and business leaders. This week brought an...Read More

IMF tax bombshell: its plans for higher VAT and a property raid are wrong … The IMF's suggestions for VAT would destroy any government that sought to implement them. The IMF, led by Christine Lagarde, has adopted a position which is far too political for comfort … For an international bureaucracy that sometimes seems to specialise in getting it spectacularly wrong, the Internationa...Read More

Can central bankers succeed in getting global economy back on track? … Why is the world economy still so weak and can anything more be done to accelerate growth? Six years after the near-collapse of the global financial system and more than five years into one of the strongest bull markets in history, the answer still baffles policymakers, investors and business leaders. This week brought an...Read More

IMF tax bombshell: its plans for higher VAT and a property raid are wrong … The IMF's suggestions for VAT would destroy any government that sought to implement them. The IMF, led by Christine Lagarde, has adopted a position which is far too political for comfort … For an international bureaucracy that sometimes seems to specialise in getting it spectacularly wrong, the Internationa...Read More

Europe's Greater Depression is worse than the 1930s … Europe hasn't recovered, because it hasn't let itself. Too much fiscal austerity and too little monetary stimulus have, instead, put it more than halfway to a lost decade that's already worse than the 1930s. It's a greater depression. And as the latest GDP numbers show, it's not getting any less so. – Washing...Read More

Study: You have 'near zero' impact on U.S. Policy … A startling new political science study concludes that corporate interests and mega wealthy individuals control U.S. policy to such a degree that "the preferences of the average American appear to have only a minuscule, near-zero, statistically non-significant impact." – BreitbartDominant Social Theme: If people were...Read More

Europe's Greater Depression is worse than the 1930s … Europe hasn't recovered, because it hasn't let itself. Too much fiscal austerity and too little monetary stimulus have, instead, put it more than halfway to a lost decade that's already worse than the 1930s. It's a greater depression. And as the latest GDP numbers show, it's not getting any less so. – Washing...Read More

Study: You have 'near zero' impact on U.S. Policy … A startling new political science study concludes that corporate interests and mega wealthy individuals control U.S. policy to such a degree that "the preferences of the average American appear to have only a minuscule, near-zero, statistically non-significant impact." – BreitbartDominant Social Theme: If people were...Read More

Sukari gold mine, located 700 km from Cairo.Shares in gold miner Centamin (LON:CEY) (TSX:CEE) closed down over 6% in London Thursday as the company said its long-dragged dispute with Egyptian authorities over its flagship Sukari gold mine might drag into 2015.Delivering its second quarter results, the Alexandria-based company - Egypt's largest bullion producer- also logged lower production and hi...Read More

Legalizing pot is OK, but not a priority for Canadians: poll … Poll shows Canadians are OK with legalization … According to a new poll, most Canadians support legalizing marijuana, but don't see it as a pressing issue. Six out of every 10 people polled said they would support pro-marijuana legislation, according to a survey by Angus Reid Global. However, most respondents said it...Read More

All the myths that are fit to print: Why your news feels familiar …. Has some wise guy flipped a switch and thrown the news into summer reruns? Everywhere you look in your news feed is a story you've seen before … There are two reasons we shouldn't automatically reject news that's dressed up as myth by our favorite publications, websites, and TV channels. Used judiciously b...Read More

Legalizing pot is OK, but not a priority for Canadians: poll … Poll shows Canadians are OK with legalization … According to a new poll, most Canadians support legalizing marijuana, but don't see it as a pressing issue. Six out of every 10 people polled said they would support pro-marijuana legislation, according to a survey by Angus Reid Global. However, most respondents said it...Read More

All the myths that are fit to print: Why your news feels familiar …. Has some wise guy flipped a switch and thrown the news into summer reruns? Everywhere you look in your news feed is a story you've seen before … There are two reasons we shouldn't automatically reject news that's dressed up as myth by our favorite publications, websites, and TV channels. Used judiciously b...Read More

Crisis stalks Europe again as deflation deepens, Germany stalls … Data from Germany, Italy and Portugal put pressure on ECB to act … The ECB is waiting to see whether its new four-year loans for banks will stop the relentless contraction of credit and stave off the threat of a Japanese-style deflation trap … Portugal has crashed into deep deflation and Italy's inflation rate...Read More

The US, IS and the conspiracy theory sweeping Lebanon … Is America behind the creation of the Islamic State? … The BBC's Suzanne Kianpour, in Beirut, looks at the latest conspiracy theory doing the rounds in Lebanon. "In the Middle East, conspiracy theories are in our blood," one former Lebanese official said over lunch in a restaurant in central Beirut. He was referring...Read More

Crisis stalks Europe again as deflation deepens, Germany stalls … Data from Germany, Italy and Portugal put pressure on ECB to act … The ECB is waiting to see whether its new four-year loans for banks will stop the relentless contraction of credit and stave off the threat of a Japanese-style deflation trap … Portugal has crashed into deep deflation and Italy's inflation rate...Read More

The US, IS and the conspiracy theory sweeping Lebanon … Is America behind the creation of the Islamic State? … The BBC's Suzanne Kianpour, in Beirut, looks at the latest conspiracy theory doing the rounds in Lebanon. "In the Middle East, conspiracy theories are in our blood," one former Lebanese official said over lunch in a restaurant in central Beirut. He was referring...Read More

US Fed's Fischer warns of poor growth … The Federal Reserve's vice-chairman has pointed to weak labour force participation and a soft US housing recovery as two reasons for disappointing global growth, saying this could be a long-term phenomenon. Stanley Fischer's comments reflected continuing concern about the economy that has fuelled debate over whether the Fed should move soon...Read More

The Libertarian Fantasy … In the latest Times Magazine, Robert Draper profiled youngish libertarians — roughly speaking, people who combine free-market economics with permissive social views — and asked whether we might be heading for a "libertarian moment." Well, probably not. Polling suggests that young Americans tend, if anything, to be more supportive of the case fo...Read More

US Fed's Fischer warns of poor growth … The Federal Reserve's vice-chairman has pointed to weak labour force participation and a soft US housing recovery as two reasons for disappointing global growth, saying this could be a long-term phenomenon. Stanley Fischer's comments reflected continuing concern about the economy that has fuelled debate over whether the Fed should move soon...Read More