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

The calendar has scrolled to 2023... for good ... or ill.As a financial newsletter, we are duty-bound to hazard our annual market forecast - such as it is.So today we fetch our crystal ball from storage, blow away the dust... and gaze for images of the year ahead.How will the economy fare in 2023? Where will the stock market end the year? Gold? Oil? Bitcoin?The answers - the guaranteed answers - a...Read More

With the parties unable to agree on new contract terms by a 14 December 2022 deadline imposed by the government, a week later the government ordered the company to place the operation on care onRead More

The bill was modified in October 2022 to apply a flat-rate ad valorem, or revenue-based, tax of 1% for large-scale copper mining whose exploitation exceeds 50,000tpa, thus excluding medium-sizedRead More

(IDEX Online) - Watch and jewelry sales in the US for November were down 3.8 per cent year-on-year. October's figure, initially reported as a fall of 1.9 per cent, has since been revised down, based on actual through-the-till transactions rather than estimates, to 3.4 per cent, according to the latest figures from the Department of Commerce. Likewise September has been revised from a 1.3...Read More

Looking back on the past two years since he took the reins as CEO of Dolly Varden Silver (TSXV: DV), Shawn Khunkhun points to a critical acquisition the company made in December 2021 as being the lynchpin to the company's recent exploration and fundraising success.The British Columbia-focused explorer has district-scale holdings, the Kitsault Valley project, in the southern leg of the province's s...Read More

Glencore (LSE: GLEN) is facing fresh pressure by investors with $2.2 trillion in assets to disclose details of its coal production plans and how they align with its efforts to cut carbon emissions and keep global warming to 1.5 degrees Celsius.Shareholders including Europe's Legal and General Investment Management (LGIM) and HSBC Asset Management have filed a resolution demanding details on the m...Read More

Royal Gold (NASDAQ: RGLD) has further consolidated its royalty position at the world-class Cortez gold complex in Nevada, which has been operating since 1969 and produced roughly 27 million oz. of gold to date.On Thursday, the company announced it has acquired two portions of a gross smelter return royalty that together cover a 1,630-sq.-km area including the Cortez mine operation and the entirety...Read More

(IDEX Online) - 2022 proved to be a year of highs and lows, as the Index hit its highest point in over a decade, then nose-dived to close the year down 7.5 per cent overall (from 142.86 in January to 132.15 in December).Even through the pandemic, aside from the very early months of 2020, the Index was climbing, and as lockdowns and travel restrictions were eased, it surged as never befor...Read More

(IDEX Online) - Sales of jewelry in Hong Kong fell last November, according to newly-released figures.Total retail sales fell year-on-year by 4.2 per cent. The figure for jewelry, watches, clocks, and valuable gifts was almost double that, at 8.3 per cent (The Census and Statistics Department does not provide a more detailed breakdown). Total sales were $372m.The sectors that fared worse were comm...Read More

(IDEX Online) - Underground mining for sapphires has resumed in Montana, USA, after four decades.The long-dormant Yogo Mine, close to the town of Utica, is being revived. And after two years of surface mining, operators Yogold USA are now going underground.They've dug a 3,000ft tunnel and are extracting up to 100 tons of ore today, in search of Yogo sapphires which range in color from deep co...Read More

"The miners are trading at premium valuations heading into a tricky year on multiple fronts," the bank said in December. "We would be incrementally cautious.Read More

Regulus and Nuton will jointly undertake copper sulphide leach testing utilising Nuton's copper sulphide leach technologies with samples from its AntaKori copper-gold project in Cajamarca.Read More

White Gold (TSXV: WGO; US-OTC: WHGOF) says drilling on its Ryan's Surprise target south of the historic Klondike gold rush territory in the Yukon bodes well for an initial resource estimate. The Toronto-based explorer backed by Agnico Eagle Mines (TSX: AEM, NYSE: AEM) and Kinross Gold (TSX: K, NYSE: KGC) spent $6 million last year on a diamond drilling program showing gold mineralization over...Read More

The U.K. no longer springs to mind as a mining giant, but we used to have a dominant role in the global industry. The extraction of non-ferrous metals on these islands, particularly copper and tin, dates back to before 2000 BC, and surface workings for coal and iron ore were widespread after the beginning of the Iron Age around 750 BC. This mineral wealth was one of the things that attracted the a...Read More

(IDEX Online) - An Indian jeweler has set a world record with a watch made of 17,524 natural hand-cut diamonds.Renani Jewels, in Meerut, Uttar Pradesh, has been recognized by Guinness World Records for its Srinika bracelet timepiece, for "the most diamonds set on a watch".The watch, inspired by ancient Indian mythology, weighs 373.030 gram and contains 54.70 carats of diamonds, all E or F color an...Read More

(IDEX Online) - Luxury French jeweler Boucheron is using recycled industrial waste - which includes asbestos - in a new collection.Material that is usually crushed and used for road-building is vitrified - turned into a glassy (and harmless) substance called Cofalit -  through heat and fusion.Claire Choisne, the company's artistic director, saw the potential to cut and polish it for jewe...Read More

4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streamingCypress Development advances Nevada lithium project towards productionSPONSOREDcypress development corpThe ASX-listed company's 50.Read More

The first phase of Osisko Development's (TSXV: ODV; NYSE: ODV) Cariboo gold project in central British Columbia makes little economic sense, say analysts about a new feasibility study. The study outlines a two-phase development.Over both phases, the underground mine would produce 1.9 million oz. over a 12-year life after construction costs of $137.3 million, according to the study released on Tues...Read More

The war in Ukraine remains the most important story in the world today.Don't believe the incessant U.S. government and media propaganda about Ukraine. Ukraine is not winning the war; they are losing badly.But wait, hasn't the news been talking up Ukrainian gains in recent months, while Russia is retreating and being badly beaten? That's the mainstream, pro-Ukrainian narrative. Here's the reality:M...Read More

I hope you're having a great start to the new year.Gold sure is.Gold prices reached a six-month high of over $1,850 an ounce yesterday after slowly climbing in December.Gold Price - One YearGold's market sentiment was pretty weak in the summer and fall of 2022, but by the end of the year, that changed - at least for those paying attention.I've really wanted to bring this up with you for a few week...Read More