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
This week features Pierre Lassonde's final shareholder meeting as chair of Franco-Nevada, which took place on May 6, 2020. Lassonde discusses the founding of the company, the dramatic appreciation of the stock price since the IPO, and answers questions from shareholders. He remains chair emeritus at the company.All this and more with online editor Adrian Pocobelli.This week's Mining Minute feature...Read More
Drilling along the LP fault at Great Bear Resources' (TSXV: GBR) wholly owned Dixie gold project in Red Lake continues to return long intervals of high-grade gold mineralization.The most recent results include hole BR-133, which intersected 25 metres of 15.5 grams gold per tonne, and includes a higher-grade interval of 12 metres grading 30.51 grams gold per tonne. This is the widest, highest-grade...Read More
Maritime Resources (TSXV: MAE) has started a 10,000-metre diamond drill program at its 98-sq.-km Hammerdown gold project in Newfoundland and Labrador. This program will focus on testing prospective areas for new gold discoveries, growing the existing resource inventory and optimizing the mine plan outlined in a preliminary economic assessment (PEA) earlier this year."Our Hammerdown and Orion gold...Read More
While we all remain focused on the pandemic, protests, and indices near all-time highs in spite of the new recession, it is easy to let some of the most promising market news fall to the wayside.Few are looking as a major trend in potential zero-emission technologies continues to gain traction. Yet the news keeps coming.While the U.S.A. has remained especially inward-looking, as is so often common...Read More
Now every time 210,000 blocks are cleared, Vijay says, the value halves. So, after the first 210,000 blocks, it became 25 bitcoins; at 420,000 it became 12.5, and now at 6,30,000 it is 6.25.Read full newsRead More
On the day that NBER announces the US Economy officially entered recession in February, S&P scrambled green year-to-date...Read full newsRead More
The Nasdaq hit another record highThe National Bureau of Economic Research (NBER) officially announced the U.S. entered a recession in February, resulting in the worst downturn since the Great Depression. The downturn ended a 128-month expansion, the longest in post-World War II history. Despite this grim news, stocks continued higher, as optimism over the reopening economy, particularly airline...Read More
AMC is set to report earnings after the close tomorrowAMC Entertainment Holdings Inc. (NYSE:AMC) will take its turn in the earnings confessional after the close tomorrow, June 9, posting its first-quarter results. The stock is getting a broad-market boost ahead of the event, up 8.8% to trade at $6.42 at last check, set to close atop the 150-day moving average for the first time in over a year. Sin...Read More
Plus, Cloudflare options are affordably priced at the momentThe shares of Cloudflare Inc (NYSE:NET) are down 1.1% to trade at $29.10 at last check, taking an extended breather from their May 15 all-time high of $30.78. In fact, NET has taken a 3.7% haircut in the last five trading days. The good news is that this pullback has brought the I.T. stock within a historically bullish trendline.Accordin...Read More
Adamera Minerals Corp. and Hochschild Mining PLC are pleased to aRead full newsRead More
Latin Metals Inc. ("Latin Metals" or the "Company") (TSXV:LMS) (OTCQB:LMSQF) provides an update on the status of the Company's various gold, copper and silver exploration projects in Argentina.Read full newsRead More
GoldSpot Discoveries Corp. is pleased to announce that due to itsRead full newsRead More
Great Bear Resources Ltd. today reported results from its ongoingRead full newsRead More
Calls are booming for the popular space tourism stockListed below are 20 stocks that have attracted the highest weekly options volume over the last 10 trading days thanks to data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White -- who also highlighted new entrants in yellow. Standing out this week is Virgin Galactic Holdings Inc (NYSE:SPCE), a company that investors have kept a cl...Read More
The Dow is up over 290 points middayStock's are extending their morning gains into midday, looking to piggyback off of last week's wild rally. The Dow JonesIndustrial Average (DJI) is up over 290 points, while the S&P500 Index (SPX) and Nasdaq Composite (IXIC) are also trading well above breakeven at the halfway point. Optimism over the economy's reopening remains strong, with airline and ret...Read More
MIK received a price-target hike from Credit Suisse, tooThe shares of craft retailer Michaels Companies Inc (NASDAQ:MIK) are up 35.9% at $7.49 at last check --one of the best stocks on the New York Stock Exchange (NYSE) so far today -- fighting further out of the penny stock range. Today's rise comes after J.P. Morgan added MIK to its analyst focus list, upgrading it to "overweight" from "neutral...Read More
Mark Zuckerberg said he would explore ideas to advance racial justice and voter engagement on the platformThe shares of Facebook, Inc. (NASDAQ: FB) are down 0.05% at $229.62 this morning, after CEO Mark Zuckerberg announced on Friday he would review the social platform's content policies and explore ideas to advance racial justice and voter engagement. Until then, Zuckerberg had maintained he woul...Read More
Since late May, Russian officials have been working to contain the spill of 21,000 cubic meters of diesel at Nornickel's facility in Norilsk.Read full newsRead More
Vale said it is keeping its monthly production forecast at Itabira at 2.7 million tonnesRead full newsRead More
The nation is working with other G20 members to carry out the G20 debt relief initiative for low-income countries.Read full newsRead More