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
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
April 01, 2020 (ACCESSWIRE via COMTEX) --CORAL GABLES, FL / ACCESSWIRE / April 1, 2020 / The top website for all things gold stocks, GoldStocks.com just...Read full newsRead More
In its recent annual mineral reserve and resource update, mid-tier copper producer Hudbay Minerals (TSX: HBM; NYSE: HBM) provided some market optimism in the form of a major boost in gold at its Lalor mine within the Snow Lake Mining complex in northern Manitoba.Last year, the company announced initial results from its Snow Lake gold strategy, which sees its Lalor copper-zinc-gold mine transition...Read More
The S&P/TSX Composite Index rose 1.98%, or 250.56 points, to finish the trading week at 12,938.30. The S&P/TSX Global Mining Index rose 3.61% to 66.80, while the S&P/TSX Global Base Metals Index rose 0.78% to 63.72. Spot gold finished at US$1,621.00 per oz., for a weekly drop of US$7.00 per oz. drop, or 0.43%, and the S&P/TSX Global Gold Index climbed 4.80% to 253.90.Shares of Agnico Eagle Mines w...Read More
The Dow Jones Industrial Average fell 2.70%, or 584.25 points, to 21,052.53 and the S&P 500 dropped 2.08%, or 52.82 points, to 2,488.65. Spot gold fell finished the week at US$1,621 per oz., a 0.43% decrease.Shares of Consol Energy rose US$1.90 to US$6.93 per share. The company reported on March 30 that two employees at its Bailey underground mine in Pennsylvania had recently tested positive for C...Read More
Gold, silver and copper are bullish. Crude oil is bullish. But some weekend correction can be there. At the moment rise in crude oil is short covering. If crude oil manages to trade over $23.00 till Tuesday, then chances of a long term bottom formation will be very high. A lot of people are worried as to what will happen to gold and silver after the release of today's US March nonfarm payrolls?...Read More
Gold, silver and copper are bullish. Crude oil is bullish. But some weekend correction can be there. At the moment rise in crude oil is short covering. If crude oil manages to trade over $23.00 till Tuesday, then chances of a long term bottom formation will be very high. A lot of people are worried as to what will happen to gold and silver after the release of today's US March nonfarm payrolls?...Read More
Kirkland Lake Gold Ltd (TSX:KL)(NYSE:KL) is one of the best gold stocks in history. It's a perfect buy during the market crash. The post This Gold Stock Can Protect You From the Market Crash appeared first on The Motley Fool Canada.Read full newsRead More
Weak payrolls data sent stocks spiraling todayThe Dow closed down 360 points, continuing its losses from midday, lead by more than 4% drops by American Express (AXP), United Health (UTX), and newly merged United Technologies and Raytheon's, Raytheon Technologies (now trading under RTX). A substantial surge in coronavirus-related deaths in New York as well as disappointing payrolls data fueled the...Read More
A slew of coronavirus-related news sent markets on another weekly roller coaster rideWhile stocks enjoyed a strong start to the week, the roller coaster ride Wall Street has been on for the past couple weeks proved to be far from over. U.S. President Donald Trump went back on his plan to reopen businesses by Easter, pushing social distancing measures out until April 30, which cemented in investors...Read More
NFLX's 10-day moving average has stepped up as support latelyNetflix Inc (NASDAQ: NFLX) has held on to a 11% 2020 gain in the face of a global economic meltdown, no doubt in part due to an increase in lockdown measuresin response to the coronavirus pandemic. And although NFLX is down 2.9% at $359.32 at last check, if past is precedent the upcoming quarter could be a friendly one for the FAANG nam...Read More
Historically, ULTA is one of the best stocks to own in the second quarterBeauty retailer Ulta Beauty Inc (NASDAQ: ULTA) has struggled during measures taken to contain coronavirus -- closing stores and moving completely digital. After a price target cut to $200 by Jefferies, ULTA stock is down 0.6% to trade at $160.32. However, a silver lining; Schaeffer's Senior Quantitative Analyst Rocky White b...Read More
The S&P 500 and Nasdaq are also hit with sharp losses at middayThe Dow Jones Industrial Average (DJI) is sitting with modest lossesat midday, down nearly 400 points. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are following the Dow's lead with steep slides, as the Labor Department's nonfarm payrolls report fell by 701,000 in March for the first jobs decline in a decade. The coronavi...Read More
President Trump said he would invoke the Defense Production Act against 3M in a tweet late on Thursday 3M Co (NYSE: MMM) is down 1.3% to trade at $136.36 this morning, after U.S. President Donald Trump announced on Twitter (TWTR) last night that he was invoking thethe Defense Production Act as a way of getting the company to produce more N-95 face masks. In response, the household goods manufactur...Read More
AAPL puts have risen in popularity Apple Inc (NASDAQ:AAPL) has implemented a plethora of new measures to help protect both customers and employees from the infectious coronavirus, including a policy that limited customers to two iPhones per online transaction, and another that saw all of its brick-and-mortar stores outside of China close. While the former policy was rescinded shortly after, Apple...Read More
The alcoholic beverage producer posted fiscal fourth-quarter earnings and revenue that beat estimates Wine and beer producer Constellation Brands, Inc. (NYSE:STZ) surged higher in pre-market trading before eventually falling flat, even after announcing fiscal fourth-quarter earnings of $2.06 cents per share, and $1.9 billion in revenue, beating analysts estimates. The firm said it has plenty of...Read More
Oil prices are once more rebounding today Dow Jones Industrial Average (DJI) futures are pointed lower by nearly triple digits this morning, as coronavirus cases top one million worldwide.Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also deep in the red before the open,as investors unpack the Labor Department's nonfarm payrolls report, which dropped by 701,000 in March, th...Read More
March 31, 2020 (ACCESSWIRE via COMTEX) --VANCOUVER, BC / ACCESSWIRE / March 31, 2020 / First Mining Gold Corp. (Read full newsRead More
As flagged by MNN when Bellevue raised A$26.5 million last week, BlackRock was a cornerstone investor to that placement.Read More
Freeport-McMoRan (NYSE: FCX) confirmed that one employee was killed and another employee and contractor were seriously injured in a shooting in Papua, Indonesia, near the company's administrative offices in Kuala Kencana, a lowlands company town 60 km from its Grasberg mine in the highlands."Security has been increased in the area, and government security forces are actively working to apprehend t...Read More