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

An indigenous Ng??be-Bugl?(C) teenager was killed and 40 people were injured in connection with a police crackdown on dissent over mining and hydroelectric developments in Panama, where Canadian mining companies have a large presence.Since January 30, thousands of members of the Indian tribe Ng??be-Bugl?(C) had blocked the Inter-American Highway at San Felix in Western Panama, demanding the govern...Read More

Canada's Inmet Mining (TSX:IMN) reached a milestone after the government of Panama approved the environmental and social impact assessment (ESIA) for its Cobre Panama copper project.Granted by the environmental authority of the country, the Autoridad Nacional del Ambiente (ANAM), the approval of the environmental and social impact assessment includes the mine, mill, surface infrastructure, a port...Read More

Weak manufacturing data from China and a US economy deemed to have "significant downside risk," saw benchmark North American crude futures dropmore than $5 to just above $80 a barrel, bringing the discount to international oil prices to more than $25.The biggest oil sands player, Suncor Energy (TSE.SU), tumbled 6.8% to C$26.21 on the Toronto Stock Exchange, bringing its year to date losses to more...Read More

Shares of Newmont Goldcorp (NEM) fell Tuesday after third-quarter earnings for the world's largest goldminer missed analysts' expectations. Adjusted earnings per share totaled 36 cents in the latest quarter, compared to analysts' forecast of 39 cents, as tallied by Refinitiv. Earnings adjustments included a gain on the formation of Nevada Gold Mines, transaction costs associated with the Newm...Read More

Inmet Mining Corporation (TSX:IMN) (Inmet) announced today that its wholly-owned subsidiary Minera Panama, S.A. (MPSA) has received a letter from His Excellency, the Minister of Industry and Commerce, Roberto Henriquez, that clarifies the Government of Panama's position on the recent repeal of Law 8 of 2011, making it clear that such repeal will not impact the development of mining projects in Pan...Read More

Newmont Goldcorp, (NEM - Get Report) the world's biggest gold miner, said a 24-day blockade at its Pe??asquito mine in Mexico's northern Zacatecas state ended Tuesday, but operations at the mine remain suspended. The company is ensuring the blockade doesn't resume before it opens the mine. It said it's working with the federal and state governments for a long-term solution. "The lifting of the...Read More

Contrarians weren't surprised by the huge air pocket that gold encountered on Monday. Furthermore, they believe that, even in the wake of that air pocket, gold's near-term direction continues to be down. On both counts, the culprit is the exuberance that short-term gold timers began exhibiting in recent sessions. And, as contrarians like to remind us, that's not the kind of sentiment foundation...Read More

Federal Reserve officials are worried about President Donald Trump's trade war with China. Industry groups representing the likes of ConocoPhillips (COP) and Macy's Inc. (M) are worried. Investors are worried too. So what does Trump want by charging down this warpath? Economists from at least one global investment bank, Barclays Plc (BCS) , are now willing to say: They haven't the foggiest...Read More

The former vice-president of exploration at Bre-X Minerals, John Felderhof, has been acquitted of four charges of insider trading and four of misleading disclosure in connection with the 1997 Busang salting fraud in East Kalimantan, Indonesia.The Ontario Securities Commission (OSC) had brought the charges against Felderhof, alleging that he made $84 million in sales of Bre-X stock while in possess...Read More

It's all systems go for gold investors. The bullion market is stirring from a multiyear slumber and looks set to enter a sustained rally, experts say. Double-digit increases within the next 18 months may be only the start of the price surge. "[W]e believe there is a very good chance that this marks the beginning of a new gold bull market," says gold market veteran Joe Foster, portfolio manager f...Read More

Gold investors should love presidential hopeful Elizabeth Warren. Her plan to lower the value of the dollar will likely cause inflation, capital flight, and a currency war -- any of which have the potential to boost gold prices. And if all happen together, then bullion will do even better. If Warren eventually gets elected to the White House and then enacts that policy, investors should consid...Read More

The gold bugs have still not thrown in the towel, despite bullion being a disappointing performer for a couple of months now. And that's not a good sign from a contrarian point of view. To review: From a mid-February high of $1,354, spot gold fell last week to as low as $1,272 -- a 6% drop in less than three months' time. Despite this sizeable decline, the short-term gold timers I monitor are, o...Read More

Forget about predicting what will happen in a stock market downturn. Short-seller Chris Irons, founder of Quoth the Raven Research, said it's time to consider shorting the whole American economic and free market system. For Irons, gold is the best bet for long-term. "If you don't want to take it from me, take it from the central government," Irons said at a Kase Learning short-selling event in N...Read More

U.S. stocks have endured some "interesting" trading over the last couple of quarters. The broad market sold off hard in the final three months of 2018, only to rally just about as hard in the first three months of 2019. But not all asset classes have had such an abrupt regime change. Take gold, for instance. While the S&P 500 zig-zagged hard during the past two quarters, ending up about 0.72% lo...Read More

They're back! Investors piled billions of dollars into specialized commodities funds in the first quarter after going cold on the sector last year, according to new data. Such funds include the SPDR Gold Shares (GLD - Get Report) ETF, which owns bars of solid bullion, as well as many others including the United States Oil (USO - Get Report) which tracks the price of crude oil. The sudden switch...Read More

As the threat of a trade war with China cast a shadow over Wall Street early Wednesday, April 4, the price of gold, which is considered a safe-haven asset, jumped. In morning trading Wednesday, gold futures for June delivery gained 0.72% to $1,346.90 per troy ounce. At the same time, the SPDR Gold Shares ETF (GLD) rose 0.77% to $127.27. The spike in gold prices Wednesday morning came in conjun...Read More

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed higher Monday despite a big decline in Boeing (BA) shares after the deadly crash of a 737 MAX 8 jet over the weekend. Nvidia (NVDA) will buy Israel's Mellanox Technologies (MLNX) for around $7 billion, outbidding chipmaking rival Intel (INTC) for the cloud computing semiconductor specialist....Read More

Geopolitical uncertainty is helping to support gold prices, but an impending rate hike in less than two weeks could finally take its toll on the market, with some analysts expecting gold prices to test support below $1,300 an ounce in the near-term. The gold market closed its second week in relatively neutral territory, within a narrowing trading range. April gold futures last traded at $1,329 a...Read More

Good Morning Rewind Friends! You're no doubt feeling a little more exhausted than usual this morning. That's because we're all springing forward with daylight savings time. Did you know that the biannual tradition celebrates 100 years, this year? Daylight Savings Time, What You Need to Know Established in the U.S. in 1918Established to save energy, but time-skeptics say that is no longer...Read More

Wobbly stock prices are sending many panicked people running scared for gold, sending prices for the yellow metal soaring. Savvy investors should follow suit. The World Gold Council recently reported that investors sank $3.1 billion into gold-backed exchange-traded funds for the second month in a row during January. That's the fourth consecutive month of net inflows for gold ETFs, with the ove...Read More