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
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
The GFMS team at Refinitiv recently published its latest findings on the global silver market, highlighting the shift in supply and demand over the course of 2019 and provided provisional supply and demand estimates for 2020. The market faced some significant challenges last year, but 2020 is shaping up to be one of the toughest in a generation. Forecast numbers, finalized in early March, may now...Read More
Brazil has ordered the immediate closure of 47 mining dams that failed to certify their stability, with more than half of them belonging to Vale (NYSE: VALE), whose C??rrego do Feij??o iron ore mine's tailings suffered a catastrophic failure in January last year, killing at least 270 people.The deadly incident, the second dam collapse in a Vale mine in less than four years, led to serious producti...Read More
Maximising available resources and optimising plant efficiency while minimising environmental impact is just one of the challenges that wet processing equipment manufacturer CDE continues to address.“Working in sub-Saharan Africa requires an understanding that each country has its unique challenges and advantages. We, therefore, cannot approach projects with a one-size-fits-all outlook, but...Read More
"Kids, come quick!" I shouted to my children on Tuesday."They have completely cured the coronavirus! You guys are going back to school tomorrow!"My children ran over to me, eyes wide. That's when I showed them the date on my phone: April Fool's Day.I got them good.In hindsight, it was a bit cruel. But you have to find a way to entertain yourself, even if it means exploiting the fears of those arou...Read More
Sorry, Bill. Seems like you have a lot of good ideas, but we don't live in the world from the Jetsons.Read full newsRead More
March 31, 2020 (ACCESSWIRE via COMTEX) --VANCOUVER, BC / ACCESSWIRE / March 31, 2020 / First Mining Gold Corp. (Read full newsRead More
Mark Twain said that history does not repeat itself, but it rhymes. It's certainly true in both life and financial markets. Let's explore how the receRead full newsRead More
Oil's surge lifted the Dow The Dow closed up over 400 points following a volatile day of trading, following suit of oil, which surged nearly 25% for the day. The spike came in response to a tweet from U.S. President Donald Trump that said Russia and Saudi Arabia will be "cutting back approximately 10 million barrels." However, the dealto curb production -- proved susceptible to some doubt among in...Read More
The energy name has been a top performer in April during the past decade Earlier this week, Schaeffer's Senior Quantitative Analyst, Rocky White, broke down the best performing stocks in April over the last 10 years. One of those stocks is crude oil concern Hess Corp (NYSE: HESS). Looking over the last decade, Hess boasts an average April return of 4.6%, with nine out of 10 returns positive, ma...Read More
Kohl's has historically underperformed during the second quarter The retail sector hasn't stood a chance these past few months, and things seems to be reaching a fever pitch, especially for department stores, with many sector members trading at new annual lows today. One name right in the thick of things is Kohl's Corporation (NYSE:KSS) with the shares festering near new record lows, off 2.3% at...Read More
Capital 10X interviews 1933 Industries (CSE: TGIF) CEO Chris Rebentisch to dig deeper into the company's Q2 financial results and see how they are adapting t...Read full newsRead More
U.S. Treasury yields bounced off their lows on Thursday as a surge in oil prices spurred by hopes of coordinated production cuts between Saudi Arabia and Russia helped to lift inflation expectations, a bugaboo for bondholders.Read full newsRead More
We've lost 46 jobs for every confirmed case of COVID-19 in the US...Read full newsRead More
The S&P 500 and Nasdaq are also holding on to midday gainsThe Dow Jones Industrial Average (DJI) pared modest morning losses and is currently up over 300 points at midday. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are both joining the Dow with respectable gains despite jobless claims soaring to a record 6.6 million. Energy stocks are in focus today, afterPresident Donald Trump co...Read More
The online pet supply retailer is expected to report earnings after the close this eveningOnline pet supply retailer Chewy Inc (NYSE:CHWY) has, for the most part, been breezing past every dramatic broad-market pullback caused by the coronavirus, climbing higher and even hitting an eight-month peak of $39.63 on March 30. Since then, the shares have cooled slightly, down 1.8% at $35.34 during today'...Read More