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

Noah epic awash in flood of controversy for green agenda and taking liberties with Bible … Hollywood studio adds "artistic licence" warning for "the least biblical biblical film ever made" starring Russell Crowe as Noah … It is truly a Hollywood epic of biblical proportions, the original disaster story of the man chosen by God to undertake the greatest rescue in his...Read More

Colorado approves retroactive reversal of marijuana convictions … The Colorado Court of Appeals has ruled that residents there convicted of marijuana possession before recreational weed was legalized may be eligible to have those decisions overturned. As of January 1, 2014, adults from Colorado are legally allowed to buy up to one ounce of marijuana under the state Constitution's recentl...Read More

Schumer: Senate has votes for media shield law … A supporter of a bill to protect reporters and the news media from having to reveal confidential sources said Friday the measure has the backing of the Obama administration and the support of enough senators to move ahead this year. Sen. Chuck Schumer of New York, the No. 3 Democrat in the Senate, spoke optimistically about prospects for the m...Read More

One Reason It May Be Harder to Find Flight 370: We Messed Up the Currents … Scientists say man-made climate change has fundamentally altered the currents of the vast, deep oceans where investigators are currently scouring for the missing Malaysian Airlines flight, setting a complex stage for the ongoing search for MH370. If the Boeing 777 did plunge into the ocean somewhere in the vicinity o...Read More

Schumer: Senate has votes for media shield law … A supporter of a bill to protect reporters and the news media from having to reveal confidential sources said Friday the measure has the backing of the Obama administration and the support of enough senators to move ahead this year. Sen. Chuck Schumer of New York, the No. 3 Democrat in the Senate, spoke optimistically about prospects for the m...Read More

One Reason It May Be Harder to Find Flight 370: We Messed Up the Currents … Scientists say man-made climate change has fundamentally altered the currents of the vast, deep oceans where investigators are currently scouring for the missing Malaysian Airlines flight, setting a complex stage for the ongoing search for MH370. If the Boeing 777 did plunge into the ocean somewhere in the vicinity o...Read More

The Alberta Energy Regulator has given Cenovus (CVE:TSE) the go-ahead on its proposed Grand Rapids thermal oil sands project, 300km north of Edmonton. The project is adjacent to Cenovus' exsiting Pelican Lake Wabiskaw operation in the Greater Pelican region. Grand Rapids will produce approximately 180,000 barrels of oil per day at maximum capacity and will be developed in multiple phases. Cenovus...Read More

Executive orders: Part of the framers' grand plan … President Barack Obama … is now using executive orders and other unilateral exercises of executive power to advance his agenda rather than wait on Republicans in Congress. The GOP has grown increasingly outraged by the president's actions. House Republicans last week passed the "Enforce the Law Act," part of a contin...Read More

Exclusive: Uruguay may import marijuana from Canada … While it waits for weed to grow, the South American country could turn to Canadian pot producers to kickstart its newly legalized marijuana industry, top lawmakers – including the first lady – tell GlobalPost. … Growing weed takes a while. Cultivating fields of it, figuring out how to keep the fields safe from poachers,...Read More

Executive orders: Part of the framers' grand plan … President Barack Obama … is now using executive orders and other unilateral exercises of executive power to advance his agenda rather than wait on Republicans in Congress. The GOP has grown increasingly outraged by the president's actions. House Republicans last week passed the "Enforce the Law Act," part of a contin...Read More

Exclusive: Uruguay may import marijuana from Canada … While it waits for weed to grow, the South American country could turn to Canadian pot producers to kickstart its newly legalized marijuana industry, top lawmakers – including the first lady – tell GlobalPost. … Growing weed takes a while. Cultivating fields of it, figuring out how to keep the fields safe from poachers,...Read More

Budget 2014: Britain's false recovery is a credit mirage, unlike real recovery in the US … UK has a current account deficit running at more than 5pc of GDP, the worst in a quarter of a century and by far the worst of the G7 … David Bloom, from HSBC, says sterling is all of a sudden the "least ugly" currency in a world where even the Japanese and the Swiss are holding down...Read More

Feds launch contest to tout wood skyscrapers as 'global warming' mitigation tool … 'Programs are both part of the Obama administration's Climate Action Plan' … The Agriculture Department announced the launch today of a prize competition for high-rise wood architecture and a training program to support the use of wood in buildings. – Climate DepotDominant Socia...Read More

Budget 2014: Britain's false recovery is a credit mirage, unlike real recovery in the US … UK has a current account deficit running at more than 5pc of GDP, the worst in a quarter of a century and by far the worst of the G7 … David Bloom, from HSBC, says sterling is all of a sudden the "least ugly" currency in a world where even the Japanese and the Swiss are holding down...Read More

Feds launch contest to tout wood skyscrapers as 'global warming' mitigation tool … 'Programs are both part of the Obama administration's Climate Action Plan' … The Agriculture Department announced the launch today of a prize competition for high-rise wood architecture and a training program to support the use of wood in buildings. – Climate DepotDominant Socia...Read More

The truth is out: money is just an IOU, and the banks are rolling in it … The central bank can print as much money as it wishes. Back in the 1930s, Henry Ford is supposed to have remarked that it was a good thing that most Americans didn't know how banking really works, because if they did, "there'd be a revolution before tomorrow morning". Last week, something remarkable h...Read More

Changing Americans' Minds on Climate Change … The American Association for the Advancement of Science is trying to awaken more Americans to the dangers of climate change, with a report today that focuses on a clear and accessible explanation of the evidence. It's a commendable and necessary effort, but what if the problem goes deeper than language? The available polling data suggests...Read More

The truth is out: money is just an IOU, and the banks are rolling in it … The central bank can print as much money as it wishes. Back in the 1930s, Henry Ford is supposed to have remarked that it was a good thing that most Americans didn't know how banking really works, because if they did, "there'd be a revolution before tomorrow morning". Last week, something remarkable h...Read More

Changing Americans' Minds on Climate Change … The American Association for the Advancement of Science is trying to awaken more Americans to the dangers of climate change, with a report today that focuses on a clear and accessible explanation of the evidence. It's a commendable and necessary effort, but what if the problem goes deeper than language? The available polling data suggests...Read More

'It could be structured by cows and we'd rate it' … A popular narrative of the ratings agencies' role in the financial crisis goes something like: banks paid ratings agencies a lot of money to rate mortgage-backed securities, so the ratings agencies gave a lot of those securities undeserved AAA ratings, so a lot of investors were deceived into thinking those securities were s...Read More