CIBC issues new forecasts for gold and silver prices
Bank has raised its gold price forecasts to $2,300 per oz. in 2021, $2,200 per oz. in 2022, $2,100 per oz. in 2023 and $2,000 per oz. in 2024.
Latest Stories
Pan African counts on gold price to maintain strong growth, says CEO
The South African gold miner posted a 92.4% increase in its headline earnings per share.
First Quantum stock surges – expects no more covid disruptions
The Cobre Panama mine, which was shut in early April by order of Panama's health ministry, has not had any covid-19 cases on site since May.
Vale targets 400m tonnes of iron ore capacity per year
The company currently has the capacity to produce 318 million tonnes a year.
Petra finds five blue diamonds but no clear path to recovery
While the discovery is a boost for the struggling diamond miner, it won’t be enough to turn around Petra's fortunes.
Are batteries the trade war China’s already won?
The global battery market will be worth about $116 billion a year by 2030.
Freeport does not want to be ‘distracted’ by buyout offers
Company is focused on expanding its Grasberg mine in Indonesia and boosting cash flow, Chief Financial Officer Kathleen Quirk said.
Russia considers mineral extraction tax rise
Russia is considering tripling the mineral extraction tax on metals and fertiliser producers to raise revenues, although the Kremlin said no decision had yet been taken.
Ballard launches high-power density fuel cell stack for heavy-industry vehicles
The company says it is pursuing the goal of decarbonizing a range of motive applications that have historically been difficult to abate.