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 proposed 'merger of equals' between Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) have received a second proxy advisory firm recommendation to proceed, the companies announced on Monday. The all-scrip deal, announced In late September, is expected to create the largest Canadian gold miner with an implied market capitalization of around US$24 bil...Read More
Australia-based PYX Resources (NSX: PYX; LSE: PYX) has taken up a secondary listing on the London Stock Exchange to give more investors access to the zircon market while providing the company more firepower with which to advance its development strategy. The dual listing comes at a time when the zircon market telescoped with the June closure of Rio Tinto's (ASX: RIO; NYSE: RIO; LSE RIO) Richards...Read More
As one of the largest independent general contracting construction companies in Canada, PCL's name may be familiar across the country, as well as in the United States, the Caribbean and Australia.For more than a century, based out of Edmonton and with offices in 28 locations across North America and Australia, PCL has spearheaded a diverse roster of operations in the civil infrastructure, heavy in...Read More
This is getting ridiculous. And that's a good thing. By "this," I mean the price of gold, and by "ridiculous," I mean repetitive to the point of absurdity. That's OK. The prospects for gold from here are highly positive.By now, readers are tired of my description of gold trading as range-bound between $1,700 per ounce on the low side and $1,900 per ounce on the high side, with $1,800 per ounce as...Read More
I can't remember the last time I got a McDonald's ice cream.I've never liked it, probably because it's called an "ice cream product."So I didn't think much of it when I started seeing videos and memes going around the internet about how the McDonald's ice cream machines are always broken.Customers were even seen attacking McDonald's employees over this nonsense.But after the Federal Trade Commissi...Read More
(IDEX Online) - Zimbabwe has asked the United Nations to help it start selling diamonds again on the international market.There are vast reserves in the Marange diamond fields but ongoing brutality against artisanal miners and allegations of wholesale corruption have resulted in embargoes by the United States and the European Union.Zimbabwe's government is desperate to resume diamond and othe...Read More
(IDEX Online) - Sodiam, Angola's national diamond company, is to offer $20m of rough in a two-week online tender that begins tomorrow (15 November).In June it raised over $56.6m in its third and largest rough auction.This latest tender will include six exceptional single stones from its Lulo mine, two of them pinks. There will also be several baskets of single stones from Catoca, the min...Read More
(IDEX Online) - The wife of a jailed bank boss is facing a legal bid to seize her $4.3m jewelry collection.Zamira Hajiyeva, 58, was made the subject of the first Unexplained Wealth Order in Britain in 2018, after an astonishing $21.5m spending spree at the Harrod's department store, in London (pictured).Now the National Crime Agency (NCA) is attempting to seize jewelry she bought there and el...Read More
Anticipation is building as Great Bear Resources (TSX: GBR) works feverishly to deliver its first resource estimate in the New Year on the Dixie project in northwestern Ontario - one of the most important Canadian gold discoveries in modern history.Great Bear's flagship property is the 100% owned Dixie project, consisting of 9,140 hectares of contiguous claims extending over 22 kilometres. The pro...Read More
Jay is joined by Egon Von Greyerz, founder of Matterhorn Asset Management - the world's largest private gold storage company. Jay and Egon discuss the 'Gold ...Read full newsRead More
Jay is joined by Egon Von Greyerz, founder of Matterhorn Asset Management - the world's largest private gold storage company. Jay and Egon discuss the 'Gold ...Read full newsRead More
Doug Groh joins BNN Bloomberg to talk about gold and how to invest in this market at a time where some investors might be seeking to protect against inflation. He adds that the reason why gold is not higher today is because it is responding to the current monetary policy instead of inflation itself. However, Doug points out that the outlook for this metal is much more positive than what it was pre...Read More
Doug Groh joins BNN Bloomberg to talk about gold and how to invest in this market at a time where some investors might be seeking to protect against inflation. He adds that the reason why gold is not higher today is because it is responding to the current monetary policy instead of inflation itself. However, Doug points out that the outlook for this metal is much more positive than what it was pre...Read More
Rather than stare at empty shelves, you have two options for distraction: You can don a virtual-reality headset and cavort with dolphins in the "metaverse" or you can trade various forms of phantom wealth that always go up (happy, happy!) because of the Fed.Neither distraction actually solves any real-world problems, a reality we can call the "Revenge of the Real World." We’ve entered a pecu...Read More
The price of gold in Pakistan Thursday, Nov 11, recorded a sharp increase of Rs3,300 per tola, pushing it to the new high of Rs129,100. The price of 10 grams of gold increased by Rs2,829 to Rs110,682, according to the All Sindh Sarrafa and Jewellers Association. Gold rates in Pakistan on Friday, Nov 12 In the last nine days, it went up by Rs14,200 per tola. The price in the international market al...Read More
The UK-based parent will own 37% of the new Panther, which intends to sniff out nickel, cobalt and gold across areas of Western Australia and the Northern Territory.Read More
Share this article VANCOUVER - Victoria Gold Corp. [VGCX-TSX; VITFF-OTC] released its third quarter and year to date 2021 summary financial and operating results from its 100%-owned Dublin Gulch gold property in central Yukon Territory, Canada, approximately 375 km north of Whitehorse, and approximately 85 km from the town of Mayo. The property is accessible by road year round, and is located wit...Read More
The company began shipping silver and gold concentrate in October and is ramping-up towards initial annual production of 1.8 million ounces a year of silver equivalent.Read More
Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsThe company sees nickel, copper and potash as future-facing commodities.Read More
The company has entered into an underwriting agreement with a syndicate of underwriters led by Scotiabank, as lead underwriter and sole-bookrunner, for the sale of 148.1 million units priced at 77 cents each. Each unit will consist of one share and half a warrant exercisable at a price of $1 for 18 months.The company's largest shareholder, Pala Investments committed to purchase 89.3 million units...Read More