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

China has increased U.S. crude purchases with some buyers snapping up cargoes at the widest discounts ever as sellers seek to offload excess supplies in Asia, six trade sources said on Wednesday.Read full newsRead More

Three analysts have moved their price targets down to $60PVH Corp (NYSE: PVH) is up 3.6% to trade at $33.82 after announcing their fourth quarter earnings yesterday. The apparel company, operating popular brands such as Calvin Klein, reported profits of $1.88 per share, higher than Wall Street's anticipated $1.81 per share. Despite the revenue also outperforming expectations, no less than three an...Read More

A busy period for newsflow at Ariana Resources (LSE:AAU) continued on Thursday as the firm revealed that the latest round of work at one of its major satel...Read full newsRead More

Black & Decker said it would reduce any non-essential staff and decided to withdraw its 2020 forecast As the impact of COVID-19 continues to expand, Stanley Black & Decker, Inc. (NYSE:SWK) announced it will reduce non-essential staff, cut indirect spending by roughly $1.7 billion, and suspend any acquisition-related activity. The firm also said it will withdraw its previously-announced guidance fo...Read More

Shopify joined the many businesses withdrawing full-year forecasts on coronavirus uncertaintyShopify Inc (NYSE:SHOP) is joining the overwhelming number of businesses withdrawing their full-year forecast over uncertainties surrounding the coronavirus pandemic. The e-tail name said it still expects its first-quarter revenue and adjusted operating income --due out May 6 -- to be well above estimates,...Read More

Guggenheim downgraded DIS to "neutral" from "buy," and cut its price target to $100Entertainment giant Walt Disney Co (NYSE:DIS) is slipping this morning, down 0.8% at $95.65, after Guggenheim came in with a downgrade to "neutral" from "buy," and slashed its price target to a Street-low of $100 from $160. The analyst said Wall Street is "under-appreciating how long the parts and resorts business m...Read More

Oil prices are also rebounding todayAfter a historically rough start to the new quarter, Dow Jones Industrial Average (DJI) futures are trading slightly above fair value this morning.Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also up before the open, but have given back more substantial gains as investors unpack weekly jobless claims that soared to 6.6 million, blowing p...Read More

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") today announced it has recently received over $400K in new purchase orders for the Uniden UV350 in-vehicle IoT device from three new distributors working on First Responder projects in the United States.Marc Seelenfreund, CEO of Siyata Mobile, comments, "First Responders continue to maintain the natio...Read More

Vancouver, BC - A2Z Technologies Canada Corp. ("A2Z" or the "Company") (TSXV: AZ), a pioneer in military robotics, services, and innovation in the auto industry, announces the appointment of Mr. Gadi Levin as Chief Financial Officer of the Company and its subsidiaries, effective immediately.Mr. Levin has over 20 years of experience in finance and has served in a number of similar roles at various...Read More

Australia proved a bright spot among global markets yesterday, with the S&P/ASX 200 closing about 3.6% higher while other key indices fell.The S&P 500 closed 4.4% lower in New York and London's FTSE 100 lost 3.8%.Americans have been told they now have 30 days to "slow the spread".The country's manufacturing activity contracted less than expected in March, but disruptions caused by the pand...Read More

The company said yesterday Thornton had sold about 2.63 million shares, after the publication of its 2019 results, and he now held about 2.64 million shares.Using yesterday's close of C$26.88, the transaction would have been worth about $70 million (US$50 million).Barrick said Thornton sold the shares "due to personal portfolio considerations"."Mr Thornton sold Barrick shares that he purchased usi...Read More

The agency explains that the power stations are responding to resurgent electricity demand as factories start back up. It sees this as a beacon to the world.Read More

Share this articleTORONTO - Canadian mining companies with assets in Mexico moved to suspend operations in the country as the Mexican government ordered non-essential businesses to close in an effort to slow the spread of COVID-19.Agnico Eagle Mines Ltd. says its Pinos Altos, Creston Mascota and La India operations were ramping down and would be placed on care and maintenance until April 30.Explo...Read More

Nimesh Patel will step down as CFO of diamond miner De Beers, effective July 26.Patel has resigned to join Spirax-Sarco Engineering as its CFO.AdvertisementPatel joined Anglo American – parent company of De Beers – in 2012 as group head of corporate finance before moving to De Beers Group to take up the role of CFO in 2016.De Beers CEO Bruce Cleaver says Patel has built a strong financ...Read More

 (IDEX Online) - Lucara says its sale of large stones from the Karowe mine, in Botswana, may not take place next month as planned.  The quarterly tender in Gabarone in May is under threat from Covid-19 and may be replaced by sales in Antwerp, the Canadian miner said.  Most of Lucara's revenue comes from the sale stones over 10.8 cts.  Other diamonds are sold on Clara, the...Read More

(IDEX Online) - Coronavirus saw India's gem and jewelry exports fall by more than half last month. Estimates put the total gross figure for March 2020 at $1.5bn, compared with $3.44bn in March 2019, according to the country's Gem and Jewellery Export Promotion Council.  That's a drop of 56.4 per cent. February figures for the world's cutting and polishing capital were down...Read More

(IDEX Online) - The president of the the world's largest diamond exchange is calling for urgent government help. Yoram Dvash appealed for targeted assistance to the 1,500 businesses that operate from the Israel Diamond Exchange - or Bursa - in Ramat Gan. The vast majority of workers are on unpaid leave, he said, as coronavirus brings trading to a virtual standstill at the Bursa, on which 15,0...Read More

(IDEX Online) - Two more high-profile Las Vegas shows have been canceled, in response to the Covid-19 crisis. The Couture 2020 and the Las Vegas Antique Jewelry & Watch Show had both been due to take place in June. Organizers of both events, Emerald Expositions, said in a statement that it was cancelling or postponing all planned shows through June. Last month JCK Las Vegas, the biggest j...Read More

New Gold (TSX: NGD; NYSE-AM: NGD) has closed a strategic partnership with the Ontario Teachers' Pension Plan (OTPP) to acquire a 46% free cash flow interest in the company's New Afton mine for an upfront cash payment of US$300 million. The proceeds are to be used to reduce the company's debt and increase its financial flexibility."The partnership agreement is a great deal and a great outcome and f...Read More

Not so long ago, in situ oilsands production was little more than a dream in the eye of Alberta's petroleum producers. Years of government and industry-funded research cracked that nut with the development of steam assisted gravity drainage (SAGD) that has created a multibillion-dollar industry paying dividends to both producers and governments for two decades.A new group of entrepreneurs and tech...Read More