The precious metals all soared in 2025, and while a continued monetary expansion and geopolitical risk could still drive gains especially for gold in 2026, a pullback in silver, platinum and palladium is possible after recent partly speculative surges.Read More
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
Those pesky insiders are at it again.Just when you thought our politicians in Washington couldn't get any lower, they go and do something like this...First it was the 2008 financial crisis, then the pandemic, and now the war in Ukraine.It's mind-blowing that our lawmakers are still allowed to do this, but hey, they make the laws, so they feel like they can do what they want with their investments....Read More
(IDEX Online) - India's polished diamond sales are set to plunge by more than a quarter, say the ratings analysts CRISIL."If the trade disruption is protracted, next quarter's sales will be down by 25 to 30 per cent, shaving off about $2bn to 2.5bn," said its director, Rahul Guha, speaking before Friday's announcement of sanctions by the US government on the purchase of rough diamon...Read More
(IDEX Online) - Nothing Lasts Forever, the new documentary that claims to lift the lid on the "highly secretive" diamond industry, premiered yesterday on the US network Showtime.The trailer opens with a provocative observation about lag growns: "People want diamonds because they've been told to. None of them are really worth anything and, surprise, your big diamond might be fake!"Jason Kohn s...Read More
(IDEX Online) - The US has imposed sanctions on gem quality diamonds from Russia, which accounts for almost 30 per cent of global rough supply.President Joe Biden (pictured) issued an executive order on Friday banning the import of "non-industrial diamonds", along with vodka, caviar and other luxury goods."As Putin continues his merciless assault, the United States and our allies and partner...Read More
Historians of the future, boiling acorns over their campfires, will wonder how, amidst all the global strife of the 2020s, Americans barely noticed that the U.S. government went to war on its own citizens.Was there something in the water - or, more specifically, in the Pepsi-Cola? Or did those "vaccines," which were so popular as an emblem of their obedience to The Science, turn their brains into...Read More
Harmony Gold Mining Company Limited (NYSE:HMY - Get Rating)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $5.23, but opened at $4.99. Harmony Gold Mining shares last traded at $4.93, with a volume of 142,523 shares changing hands. Several research firms recently weighed in on HMY. Investec [...]Read full newsRead More
For immediate release 11 March 2022 Serabi Gold plc("Serabi" or the "Company") Further high-grade intersections recorded from underground development of the Serra orebody at the Coringa Mine Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian-focused gold mining and development company, is pleased to provide a development update on its wholly owned Coringa project in the Tapajos region of Para State...Read More
Barclays reissued their overweight rating on shares of Hochschild Mining (LON:HOC - Get Rating) in a report released on Monday, MarketBeat reports. Barclays currently has a GBX 155 ($2.03) price target on the stock. Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. reduced their target price on [...]Read full newsRead More
Toronto, Ontario--(Newsfile Corp. - March 10, 2022) - Caprock Mining Corp. (CSE: CAPR) (Read full newsRead More
Harmony Gold Mining Company Limited (NYSE:HMY) shares, rose in value on Thursday, March 10, with the stock price up by 2.96% to the previous day's close as strong demand from buyers drove the stock to $5.32. Actively observing the price movement in the recent trading, the stock is buoying the sessRead full newsRead More
Share this article VANCOUVER - MAG Silver Corp. [MAG-TSX, NYSE American] signed a definitive arrangement agreement to acquire all of the issued and outstanding common shares of Gatling Exploration Inc. [GTA-TSXV; GATGF-OTCQB] in an all-share transaction. Each Gatling shareholder will be entitled to receive 0.01702627 of a common share of MAG Silver for each share of Gatling held.The consideration...Read More
Gatling shareholders will receive 0.01702627 of a MAG share for each Gatling share held, which values Gatling at about C40c per share, representing a premium of about 47.4%.Read More
In Q4, the diversified company reported revenue of US$327.7 million, which is up 8% year on year. Net income rose 25% to $327.7 million, or $1.16/share, while adjusted net income was flat at $163.Read More
Wesdome produced 123,843 ounces of gold, up 37% from the previous year. This includes 101,403 ounces at its Eagle River complex in Ontario, Canada.Read More
The fine relates to the mine reducing the level of the water from the surface by than 25cm and since 2005, exceeding the maximum acceptable decrease that vegetation in the area can withstand.Read More
Wyloo Metals has approved a $4.9 million drill program to explore the West Raglan project in northern Quebec's Nunavik region as part of its earn-in agreement with Orford Mining (TSXV: ORM). Wyloo, run by Australian billionaire Andrew Forest, aims to drill about 2,500 to 3,000 metres at West Raglan this year and will focus on the Frontier, Beverly and Boomerang zones. Last year Orford identif...Read More
MAG Silver (TSX: MAG; NYSE-A: MAG) is acquiring Canadian junior Gatling Exploration (TSXV: GTR) in an all-share deal.Gatling shareholders would receive 0.017 of a MAG common share for each Gatling share held, valuing Gatling at approximately $0.40 per share. The share consideration reflects a 49.1% premium relative to the company's closing price on the TSX Venture Exchange on March 10 and a 47.4...Read More
The New York-quoted equity of Wheaton Precious Metals Corp. (Nasdaq: WPM: TSX: WPM) fell on Friday after the company overnight reported lower earnings and revenue, missing analyst forecasts for the fourth quarter of 2021.Unphased by the equity performance, president and CEO Randy Smallwood tells MINING.COM in an interview, the company is generating strong free cash flow. WPM reported nearly $200 m...Read More
Guinea's ruling junta has ordered a full halt of Rio Tinto's (NYSE: RIO; LSE: RIO; ASX: RIO) vast Simandou iron ore project in the country's southeast, with interim president Mamady Doumbouya saying it is not clear how the mine will preserve national interests.The current government, which took power in a military coup in September, said in a statement that Doumbouya had not seen any progress in...Read More
Russia is going to default on its debt.It could happen as soon as next month, if not next week.It's a given.Russia's next bond payment is due on March 16, but even with a 30-day grace period, no one in their right mind believes Russia is actually going to pay it.In fact, it probably couldn't even if it wanted to.That's because Western sanctions have barred Russian banks from accessing foreign curr...Read More