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

Newrange Gold is pleased to provide an update on exploration activities at the Pamlico Project in Nevada and North Birch Project in Ontario.Read full newsRead More

CMCSA reported lower-than-anticipated revenue, though its earnings exceeded expectationsComcast Corporation (NASDAQ: CMCSA) announced first-quarter profits of 71 cents per share, higher than Wall Street's estimated 68 cents per share. However, the reported revenue of $26.66 billion came in lower than analysts' estimated $26.75 billion. The company also warned that the coronavirus could weigh on f...Read More

B. Riley FBR lifted its price target on LULU to $257 from $210The stretch pants stay-at-home uniform adopted by many during self-isolation has been a boon for apparel name Lululemon Athletica Inc (NASDAQ:LULU), at least according to Susan Anderson at B. Riley FBR. The analyst raised its shares to $257 from $210 -- a roughly 13% premium to current levels -- citing an increased demand for athleisure...Read More

All three benchmarks are heading toward big monthly wins, thoughThe Dow Jones Industrial Average (DJI) is off by triple-digits, last seen down over 250 points as economic data overshadows a busy day of earnings reports. Jobless claims for last week came in at 3.84 million, toppling the 3.5 million estimate and bringing the coronavirus pandemic's toll to 30 million lost jobs. The S&P 500 Index...Read More

Tesla's first-quarter earnings and revenue report beat out analysts' estimatesThe shares of Tesla Inc (NASDAQ:TSLA) are up 7.5% to trade at a two-month high of $861.24, after the electric vehicle manufacturer reported first-quarter earnings of $1.24 per share and revenue of $5.99 billion, both of which beat out Wall Street's estimates. Tesla also said its Model Y helped contribute to profits, ma...Read More

Microsoft reported an earnings and revenue beatShares of blue-chip Microsoft Corporation (NASDAQ:MSFT) are up 0.9% to trade at $179.09 this morning, after the company reported an upbeat fiscal third-quarter report. The tech giant announced profits of $1.40 per share and revenue of $35.02 billion -- both topping Wall Street's estimates. Following the news, no fewer than 10 analysts have raised the...Read More

Tapestry's fiscal third-quarter results gave investors yet another taste of how hard the retail sector has fallen Tapestry Inc (NYSE:TPR) is down 9.9% at $15.34, after the Coach parent's fiscal third-quarter report gave investors another look at the devastating impact the coronavirus pandemic has had on the retail sector. The company posted losses per share of 27 cents, missing analyst estimates a...Read More

Jobless claims surpassed expectations for the seventh-straight weekDow Jones Industrial Average (DJI) futures are eyeing a modest move below fair value this morning. The latest batch of weekly jobless claims is weighing on Wall Street, with the 3.8 million unemployment filings toppling the 3.5 million estimate. The ugly numbers --a seventh straight week surpassing analyst estimates -- are overshad...Read More

He said the Fed expected to maintain interest rates near zero until it was confident the economy had weathered recent events."Next week's jobs report is expected to show that the unemployment rate, which was at 50-year lows just two months ago, has surged into double-digits," he told a press conference."Overall, economic activity will likely drop at an unprecedented rate in the second quarter."The...Read More

The company had announced an exit strategy for VNC in the France-governed island in the Pacific Ocean in December.Travers said Vale received some non-binding offers for VNC at the end of February and he did not believe the COVID-19 pandemic would impact the process too much."So we have a good level of confidence that we should be finding a potential investor in the next month or two," he said."So...Read More

(IDEX Online) - The fourth De Beers Sight of the year will go ahead in Botswana next week as planned, unlike the previous one, which was canceled at the last minute. But few of the 80 Sight holders are expected to attend, because of widespread travel restrictions. It is understood that because of the coronavirus crisis, the miner will allow 100 per cent deferrals. The third Sight of the year (30 M...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe company said it received more than 320 orders, which equated to demand in excess of $10 billion, the highest ever for a Codelco bond, some 13-times oversubscribed.Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesCopper production fell by 9% year on year in Q1 to 293,000t, with volumes from the company's African assets down 29% year on year.Read More

Rockcliff Metals (CSE: RCLF) has announced a new high-grade nickel-PGE discovery at its wholly-owned Tower property, 600 metres south of the company's high grade, copper-rich Tower deposit and 130 km from Wabowden in central Manitoba.Drilling at the property was conducted in the winter of 2019-2020, with drill hole 20-002 intersecting 2 metres grading 2.53% nickel, 3.08 grams palladium per tonne a...Read More

Infill results from Osisko Mining's (TSX: OSK) drill program at the Windfall gold project in the Abitibi greenstone belt in Quebec continue to suggest strong grades within the Lynx zone and confirm past step outs of Triple Lynx.Drill highlights released on April 29 include 3 metres of 35.3 grams gold per tonne, which confirms a prior intercept of an up-plunge extension of the Triple Lynx zone 120...Read More

Torex Gold Resources (TSX: TXG) is trialling a new underground mining system at its wholly-owned Morelos Gold property in Mexico's Guerrero state, 180 km southwest of Mexico City.The property is made up of the El Lim??n Guajes (ELG) mine complex, which features the El Lim??n, Guajes and El Lim??n Sur open pits, the El Lim??n underground mine, including the Sub-Sill, El Lim??n, Deep and 71 zones, a...Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesHow mining companies can reduce equipment purchasing cost and improve qualitySPONSOREDtechnical audit‘From the Capital' columns over the past two weeks have outlined three scenari...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesOsisko CEO Sean Roosen said the change increased Osisko's operating margin on the stream to 100% from 80%, while improving Taseko's cash position."Gibraltar is a long-life asset with a proven operator and, as such, this investment continues to provide Osisko's shareholders with silver price optionality over multiple cycles," he sai...Read More

In 2018, China launched a secret project with the goal of eradicating U.S. submarines. It's called Project Guanlan, which means "Watching the Big Waves," and it's a space-based laser weapon.If you're a regular reader, then this won't come as a surprise to you. Just last week I talked about China's latest laser assault on U.S. forces in the Pacific - an incident on February 17 in which a Chinese...Read More

I expect some more additional stimulus measures today. Federal Reserve will copy its counter parts of bank of Japan and bank of England on additional stimulus measures. European central bank meeting tomorrow will have least impact on gold and silver. It can impact Euro versus the US dollar and Euro versus the Yen. In the month of May more and more nations will allow factories and businesses to f...Read More