Gold & Metals Reserve Watch

USGS points to a modest increase in silver mine capacity, but capacity describes what mines can produce, while output is what they actually...

Gold's big rally may be behind it, and its case is shifting toward diversification.

• No income: Precious metals generate no income, so returns rely...

Analyst Blake Young sees rising crude lifting costs while falling gold cuts what miners receive.

• Costs: Mining runs on diesel, and the machines...

Osisko's royalty model delivered strong cash flow in Q3 2026, though a few timelines slipped.

• Earnings: Revenue rose 26% and operating cash flow...

"Paper silver" is a broad label, not one product. It covers unallocated and pool accounts, fund shares and futures, and the backing ranges from listed...

Goggin argues the greatest opportunities may lie with smaller explorers and developers, not established majors. His reasoning:

• Majors are heavily...

Newmont fell 3.27% on November 12. The article attributes the move mainly to macro pressure, with a firmer dollar and elevated Treasury yields...

Goldman's Robert Quinn sees silver's speculative positioning near a depressed extreme, though he stops short of calling a breakout.

• Positioning:...

Miners claimed a record 18 of 30 spots on the 2026 TSX30, including six of the top 10.

• Bigger gains: The 18 miners averaged about 725% three-year...

BlackRock's Kristy Akullian argues that near-term weakness in gold and silver doesn't erase their case as portfolio assets. Her key points:

• Central...

Foreign governments and central banks now hold the least gold in the US since 1957, but the drop is small, only a few tonnes, about 0.2% of the total....

Reports differ on the level, with gold below $4,000 in one and below $3,900 in another.

• Metals fall together: Spot gold dropped 3.05% to $3,866.51...

Coeur's third-quarter picture is mixed. Sales reached US$983.62 million and net income US$109.38 million, with higher gold output but lower silver...

First Eagle's Gold Fund A Shares posted a 12.57% return in Q3 2026, but the quarter hid a choppy ride. Gold was flattish in July, surged in August,...

Gold has slid from its January record and now trades below $4,000 an ounce, leaving miners with little control over the price. Their main levers are...

Gold extended its selloff as hawkish Fed repricing kept real yields and the US dollar rising. Key signals to watch:

• Fed remarks: Waller said he...

Copper rose 0.8% to $13,793 after its weakest week since March, with attention back on China's physical market.

• China premiums: The Yangshan import...

• Freeport-McMoRan stands apart as the copper-focused name, also mining gold, molybdenum, and silver.
• Newmont, Agnico Eagle, and AngloGold Ashanti...

Net inflows into India's silver ETFs rose to 30.92 billion rupees in October, up from 19.74 billion in September. Gross subscriptions fell 12.3%, but...

Officials are leaning toward more tightening. Goolsbee called the latest inflation report "borderline disturbing", Logan sees a need for two more...