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
A breakdown of the historical comparisons between Relative Strength Indicator (RSI) levels and the S&P 500 Index (SPX)The Relative Strength Indicator (RSI) is a popular technical analysis tool. It's an oscillator that ranges from zero to 100, in which many people focus on the 30 and 70 levels. Those levels are often used to define a market that is oversold or overbought, respectively. I'm looking...Read More
JPMorgan Chase CEO Jamie Dimon has also warned the bank expected "a bad recession combined with some kind of financial stress similar to the global financial crisis of 2008" in his annual letter to shareholders.The S&P 500 closed down 0.16% while London's FTSE 100 gained 2.19% and China returned from the Tomb Sweeping holiday with the Shanghai Composite closing up 2.05%.The copper price rose a...Read More
The company, which has royalties on coking coal, iron ore and uranium in Australia, Canada and Chile, reported a 15.5% year-on-year drop in pre-tax profit to £37.6 million from £44.5 million in 2018.This was mainly owing to higher operating expenses of £7.1 million, versus £6 million the year before, and a revaluation of coal royalties from the Kestrel coking coal mine in A...Read More
Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click hereThe company had already implemented extensive measures to protect workers and their families living in around the Lumwana copper mine against the virus, said country mana...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 resourcesAustralia-based junior IronRidge Resources takes big picture approach in AfricaSPONSOREDironridge resources End of isolation, and gosh not a second too soon.Never would I dare suggest t...Read More
In theory, the push into potash and the maintenance of generous dividends can be delivered together, but the global economic slowdown triggered by widespread lockdowns in the fight against Covid-19Read More
(IDEX Online) - Queen Elizabeth's jewelry attracted almost as much attention as her message when she made an historic TV address on the coronavirus crisis.Keen royal observers were intrigued to see her wearing a rarely-seen turquoise and diamond brooch inherited in 1953 from her grandmother Queen Mary, widow of King George V and a keen jewelry collector.It was a gift from the new queen's...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resources"We are working on a total development finance package which will see Alpala developed, probably independently.Read More
Rio Tinto (NYSE: RIO; LSE: RIO) Chairman Simon Thompson told shareholders the company will proceed with a dividend payment announced in February of $2.31 per share, or $3.7 billion, and that the payment will be made on April 16, Reuters reported today."We took this decision because Rio Tinto has a strong balance sheet, our operations are running safely and our order book for iron ore is full," Reu...Read More
Canada's Cameco (TSX: CCO; NYSE: CCJ), the world's largest publicly traded uranium miner, is placing its plant at the Port Hope conversion facility in Ontario in a temporary safe shutdown state for four weeks.The move comes as the company faces the increasing challenge of maintaining an adequate workforce as a result of screening protocols and other measures put in place to combat the COVID-19 pan...Read More
I've gotta tell ya, the past few years have been kinda rough for a perma-bear kinda guy like me. Watching the stock market hit new high after new high for wrong reason after wrong reason, I knew the village wouldn't believe when a wolf was truly on the prowl. The wolf is here. Though it looks more like a bear. Many are still in denial, grasping at the green days like life rafts. Hoping the bott...Read More
The state's largest gas utility plans to invest $30 million a year in a bid to replace 5% of fossil gas by 2024.Read full newsRead More
Family members of top government officials are involved in South Sudan's corrupt gold mining sector which is booming and threatening the fragile peace that ended the five-year-long civil war, warned a new report by The Sentry. Read full newsRead More
What are the best gold stocks to watch in 2020? Analysts at Raymond James recently shared gold stocks on their radar right now.Read full newsRead More
The Dow finished the day modestly in the redThe Dow inched its way into the red within the last half-hour of trading,paring earlier gains triggered by an upbeat coronavirus outlook and a surge in cruise stocks. "We are seeing progress, but the virus is not under control yet," said Adam Phillips, director of portfolio strategy at EP Wealth Advisors. Also in focus is the potential of a Phase 4 relie...Read More
As all readers will be aware, this year has seen the outbreak of Covid-19 has driven one of the most significant market sell-offs in history. As more and m...Read full newsRead More
First, the coronavirus pandemic brought the cannabis sector (and the markets) down. Then, cannabis bounced back, posting record sales and being labelled an essential service in most locations.How do you find the cannabis companies that will succeed during uncertain times? Look for those that have been doing it right, and have the track record to show it. For Indiva Limited (TSX-V:NDVA, OTC:NDVAF,...Read More
T announced at $5.5 billion term-loan agreement todayAT&T Inc. (NYSE:T) announced this morning a $5.5 billion term-loan agreement to give themselves "financial flexibility" during the global pandemic, and reaffirmed its commitment to pay a dividend. In response, the shares of the mobile are up 4% at $30.62 in afternoon trading. It's been a slippery slope downward for AT&T during the past few m...Read More
EU antitrust regulators appear to be building their case against Facebook Social media giant Facebook Inc. (NASDAQ:FB) is up 2.1% at $169.14 at last check, despite a report from Reuters that the European Union (EU) antitrust regulators sent out follow-up questionnaire to companies focusing on Facebook's Marketplace. The document touched on ways the platform's online marketplace is unfairly benefit...Read More
The S&P 500 and Nasdaq hit four-week highs earlierThe Dow Jones Industrial Average (DJI) is building off of yesterday's rally, now up over 600 points at midday and heading toward back-to-back wins. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are following suit, with all three benchmarks hitting four-week intraday highs amida possible global slowdown of the coronavirus outbreak. Howe...Read More