Olivier Crottaz CEFA

Barron's gold mining index / gold (weekly from 1938 till Jan 2026) how cheap are the mines ! mining gold silver precious metals 📷

That's a significant investment and commitment to Canada from the country's leading gold producer 🇨🇦 Agnico Eagle to invest $14 billion in its Ontario mining assets by 2030 as mine permit reforms start to pay off ⛏️🪙 $AEM miningweekly.com/article/agnico…

Sweden’s inflation comes in at -0.1%/yr in April. That’s BELOW its 2%/yr target. SE’s money supply (M3) is growing at 4.5%/yr, BELOW Hanke's Golden Growth Rate of 5.8%/yr, a rate consistent with hitting its inflation target of 2%/yr. THE INFLATION STORY = A MONEY SUPPLY STORY.

🚨 JENSEN HUANG: “The amount of energy that we need for computing is probably 1,000x more than we currently have.”

Oil products

La France voulait mettre la Russie à genoux avec les sanctions... Quelle efficacité ! bfmtv.com/economie/entre…

Copper price hits record in US on supply risks, tariff bets - MINING.COM mining.com/copper-price-h…

🚨 60% of China’s processed rare earth exports flow to US and Japanese factories. China controls 90% of global rare earth processing capacity. Now, after years of sanctions and escalating tensions, 🇨🇳 Xi Jinping is publicly toasting to stronger relations with 🇺🇸 America. The most important commodity and industrial partnership in the world may have just found a new framework. Xi's words at the summit: "The China-US relationship is the most important bilateral relationship in the world. We must make it work and never mess it up." 2 superpowers that spent years sanctioning, threatening, and decoupling are now publicly signalling stabilisation. Trade teams reached a "generally balanced and positive" outcome before the summit formally began. Every EV motor, F-35, wind turbine, and semiconductor fab in the Western world runs on materials Beijing controls. In April, China restricted gallium and germanium exports a warning shot. A full rare earth cut would hit US defence and Japanese electronics simultaneously. That card was never played. The toast suggests it won't be for now.

You have no idea how much money you are going to make in mining companies when this thing breaks out

The copper paradox Lack of supply, today’s low grade, big IA demand etc…

@AlexXplore @BrunoBertez Ce qu’on voit et ce qu’on ne voit pas. Frédéric Bastiat

🇫🇷 Biarritz a appliqué une surtaxe de 60 % sur les résidences secondaires pour augmenter ses recettes fiscales. 💰 Au lieu de gagner de l’argent, la ville a perdu environ 1 million d’euros à cause d’un effet boomerang. 📉 De nombreux propriétaires ont inversé leurs déclarations, transformant leurs résidences secondaires en principales pour échapper à la taxe. ⚖️ Cette inversion a entraîné une perte de 750 000 € de taxe d’habitation et 250 000 € de pénalités SRU. 🔍 La mairie dénonce une fraude massive et prépare des contrôles renforcés avec le fisc, tout en reconnaissant la difficulté à prouver l’occupation réelle. immobilier.lefigaro.fr/article/en-sur…

Remarkable. Chile has been producing more copper than any other country for decades. In 2024, it produced 5.3Mt, with DRC and Peru filling up the rest of the podium. Absolute leaders. But here's the thing. We must keep an eye on Argentina... it may not be in the chart just yet, but things are changing. There are a bunch of advanced copper projects in the Andes, waiting for certainty. Thanks to Milei, they are on track to get it. 📇 $MUX $BHP $LUN 📊 @VisualCap

Charted: The cost of mining copper, 2019–2025 📉 Read more: miningvisuals.com/post/the-cost-…

🔴The US tech sector has NEVER been this large: Tech and tech-related stocks now make up ~57% of the total US market cap, a record high. This is 6-7 percentage points higher than at the 2000 Dot-Com Bubble. TAP THE IMAGE TO SEE THE FULL INSIGHT👇 globalmarketsinvestor.beehiiv.com/p/the-s-p-500-…

Agnico Eagle investing $14 billion in Northern Ontario mines northernontariobusiness.com/industry-news/… via @NorthOntarioBiz

Consultations You Haven’t Heard of but Definitely Need to Know About Mining Canada open.substack.com/pub/contextbyt…

Gold vs. Gold Mines (Dec. 1983 - Jan. 2026) Monthly Gold stocks still lagging VS Gold Metals precious, commodities mining

Copper: How price and TC/RC dynamics are shaping copper margins. Nice chart from Benchmark 👇

Wow: Equinox Gold and Orla Mining Combine to Create North America’s New Senior Gold Producer: Built to Grow, Built to Last $EQX $ORLA

Barrick Gold reported Q1/26 results. Analysts targets price below The company produced 719’000 ounces of gold in Q1/26 versus 758’000 in Q1/25 (-5%) and AISC in Q1/26 were US$ 1’708 per ounce versus US$ 1’775 in Q1/25 (-4%). Copper production in Q1/26 was 49’000 tonnes versus 44’000 t in Q1/25 (+11%) and AISC in Q1/26 was US$ 3.67 per pound versus US$ 3.06 in Q1/25 (+20%).