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
(IDEX Online) - Jewelry buyers can now get their purchase insured immediately in-store - and receive instant confirmation by SMS. "Jewelers no longer have to watch their customers leave their store unprotected," say insurers Zillion who have partnered with insurtech firm The Edge. Their new system sends an insurance offer via SMS text directly to the customer while they're still...Read More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
"Those planes that are coming in from Iran that are bringing things for the oil industry are returning with the payments for those things: gold,"Read full newsRead More
Vancouver, British Columbia--(Newsfile Corp. - April 29, 2020) - Alamos Gold Inc. (TSX:AGI) (NYSE:AGI) President and CEO of Alamos Gold, John McCluskey, discusses the company's operating gold mines in North America and Mexico.If you cannot view the video above, please visit:https://www.b-tv.com/alamos-gold-mining-ceo-clipRead full newsRead More
The Dow Jones Industrial Average fell 0.22%, or 51.58 points, to 23,723.69, and the S&P 500 dropped 0.21%, or 6.03 points, to finish the trading week at 2,830.71. Spot gold finished US$26.60 per oz. lower at US$1,702.90 per oz., a 1.54% drop.Vale was the most heavily traded stock of the week, finishing up US31 ? at US$7.98. The company said it will resume dry processing operations at the Timbopeba...Read More
The S&P/TSX Composite Index rose 1.39% to 14,620.30 during the April 27-May 1 trading week. The Global Mining Index fell 0.81% to 82.25 and the Global Base Metals Index climbed 1.18% to 75.24. Spot gold dropped US$26.60 per oz., or 1.54%, to finish at US$1,702.90, and the Global Gold Index fell 1.32% to 342.27.News that Eric Sprott invested $60 million into MAG Silver sent the company's shares up...Read More
Publisher's Note: Today we're bringing you a pair of excerpts from Mr. James Dines' Interim Wealth Bulletin, a weekly, in-depth companion service for The Dines Letter.Mr. Dines has long warned about the dangers of infectious diseases, the building currency crisis, and how a massive gold spike and bull market were building. Now we're seeing all three pan out at the same time. Read on for Mr. Dines'...Read More
Vancouver, British Columbia--(Newsfile Corp. - April 29, 2020) - Alamos Gold Inc. (TSX:AGI) (NYSE:AGI) President and CEO of Alamos Gold, John McCluskey, discusses the company's operating gold mines in North America and Mexico.If you cannot view the video above, please visit:https://www.b-tv.com/alamos-gold-mining-ceo-clipRead full newsRead More
The Dow finished the day down 622 pointsThe Dow marked the first day of May with a 622-point loss. The S&P 500 and Nasdaq also closed in the red, as tech giant Amazon.com (AMZN) led the indexes downward, following a less-than-stellar first-quarter earnings report. Meanwhile, U.S. President Donald Trump's tariff consideration is weighing heavy, after White House economic advisor Larry Kudlow stated...Read More
Wall Street kept its eye on the Fed's two-day meeting, while coronavirus-related headlines continued to stream in The Dow Jones Industrial Average (DJI), the S&P 500 Index (SPX) and the Nasdaq Composite (IXIC) all struggled to maintain their momentum this week, though the Dow and S&P both notched their best months since 1987. While the week started off strong as the first murmurs of plans to reop...Read More
Amazon's first-quarter earnings missed Wall Street's estimatesThe shares of Amazon.com, Inc. (NASDAQ:AMZN) are down 8.2% to trade at $2,271, after the e-commerce giant reported first-quarter earnings of $5.01 per share, which came in lower than Wall Street's $6.25 estimate. The firm's reported revenue of $75.45 billion exceeded estimates, however. The company also forecast a possible second-q...Read More
Texas reported a single-day record jump in deaths as the state allowed some businesses to reopen...Read full newsRead More
The Dow and Nasdaq are set to eke out weekly winsThe Dow Jones Industrial Average (DJI) is stumbling into the weekend, nursing a nearly 600-point loss at midday. As if the coronavirus outbreak wasn't pressuring Wall Street enough, now there are fresh tariff threats from President Donald Trump aimed at China in retaliation for the country's handling of the COVID-19 pandemic. The S&P 500 Index (S...Read More
Co-Diagnostics shared its COVID-19 test performance dataShares of Co-Diagnostics Inc (NASDAQ:CODX) are surging 11.4% to trade at $12.63, after the molecular diagnostics company shared its COVID-19 test performance data. The test consistently demonstrates 100% sensitivity as well as specificity across independent field evaluations. Co-Diagnostics has had a volatile stretch on the charts, as its co...Read More
The company still expects store closings to impact its current quarterThe shares of Estee Lauder Companies Inc (NYSE:EL) are down 1.6% to trade at $173.87 this morning, despite a bright fiscal third-quarter report. The makeup manufacturer announced profits of 85 cents per share and revenue of $3.35 billion -- both topping Wall Street's estimates. Though the M.A.C. parent got a boost from global on...Read More
Walt Disney will report earnings next week As next week brings the first full week of May, investors look to gain any clues they can about the state of the economy. There's plenty of data to unpack, with the ADP employment report, weekly jobless claims, and Markit services Purchasing Managers Index (PMI) taking center stage amid the pandemic. Next week also brings another big session of earnings,...Read More
Moderna entered into an agreement with Lonza Group to produce its experimental COVID-19 vaccine Moderna Inc (NASDAQ:MRNA) is brushing off the broad-market selloff this morning, up 6.2% to trade at $48.89, after the biotech entered a 10-year collaboration deal with contract drugmaker Lonza Group (LONN) to manufacture up to 1 billion doses annually of a MRNA's possible COVID-19 vaccine, mRNA-1273. T...Read More
Chevron's first-quarter earnings and revenue report beat out analyst estimatesThe shares of Chevron Corporation (NYSE:CVX) are down 2.5%% to trade at $89.68, this morning. Although the energy corporation reported adjusted first-quarter earnings of $1.29 per share on revenue of $31.50 billion -- both of which handily trumped Wall Street's estimates -- the company's capital expenditure forecas...Read More
Oil prices are moving higher todayFresh off the Dow's best month since 1987, Dow Jones Industrial Average (DJI) futures are set to kick off May with a sharp move lower. Tech giants Apple (AAPL) and Amazon.com (AMZN) are weighing on Wall Street, with the former's revenue growth stagnating and the latter missing on earnings estimates.Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX)...Read More
...the gloves are well and truly off now.Read full newsRead More