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
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe country is one of many jurisdictions to declare a state of emergency due to the spread of COVID-19.Read More
Drilling at BTU Metals' (TSXV: BTU) 197-sq.-km Dixie Halo project in Ontario's Red Lake district returned continuous volcanogenic massive sulphide-style mineralization over 300 metres, starting at surface, with metal grades increasing with depth.Hole 19-25 includes a 173-metre interval grading 0.35% copper-equivalent, starting at 182 metres down-hole. Within this interval are higher-grade section...Read More
The decline in the copper price accelerated on Wednesday, as pandemic fears grip global markets and mining companies announce a wave of production halts and project construction suspensions.Copper trading in New York fell by as much as 8.8% to US$2.11 per lb. (US$4,650 a tonne), the weakest level since October 2016. The copper price is now down more than 25% from its 2020 high, near the end of Jan...Read More
Several mining companies have been directly affected by Covid-19 outbreaks, and global restrictions to encourage social distancing have meant some mining projects have either slowed or shuttered,Read More
Dual-listed Botswana Diamonds has started a bulk sampling campaign at its Marsfontein project, in South Africa, where kimberlite was previously identified as being of “high interest”.Treatment will be undertaken at a nearby diamond processing facility using two-stage crushing, screening, pans, X-ray and grease recovery processes.AdvertisementThe recently declared National State of Disa...Read More
We're going big. That was the message from the Federal Reserve and the Federal government this week. "This is war," they said. So they unleashed the BAZOOKAS.The Fed's Jerome Powell strutted to the mic on Sunday as fear gripped the world. The economy came into this on sound footing, he lied, repeatedly, as he cut rates to zero. And that was after he unveiled $1.5 TRILLION in new repo and QE oper...Read More
The fall in gold will clear some short term investors and also result in a big increase in long term investors. Both gold and silver are good long term investment opportunities. In the short term gold and silver will see a see-saw type prices moves like yesterday. Global financial markets have to stabilize for gold and silver to for a short term direction. In the very short term both gold and si...Read More
The fall in gold will clear some short term investors and also result in a big increase in long term investors. Both gold and silver are good long term investment opportunities. In the short term gold and silver will see a see-saw type prices moves like yesterday. Global financial markets have to stabilize for gold and silver to for a short term direction. In the very short term both gold and si...Read More
"You don't ever want a crisis to go to waste.Read full newsRead More
Investors were encouraged by the Fed's actions to boost liquidityThe Dow bounced back today, after turning in its third-worst session of all time on Monday. The blue-chip index finished over 1,000 points higher, after the White Housereportedly backed a stimulus package of $850 billion in response to the coronavirus pandemic. Plus, investors were encouraged by the Fed's decision to buoy the commerc...Read More
Laurion Mineral Exploration is pleased to announce the commencement of an IP survey as part of the 2020 exploration program at the Ishkoday Project.Read full newsRead More
The federal government is set to present a major support package to both aid families and businesses, as well as stimulate the economy on Wednesday, expected to include measures to put money directly into Canadians' hands.Read full newsRead More
The stock's 30-day moving average has stepped up as support latelyOne of the best stocks on the Nasdaq today is Regeneron Pharmaceuticals Inc (NASDAQ:REGN), last seen up 10.8% to trade at $488.42. This comes after the drugmaker announced it had identified hundreds of antibodies for potential treatment of coronavirus. Regeneron plans to identify the top two to develop a "cocktail" treatment, and b...Read More
43-year old Jennifer Haller from Seattle was the first person to be injected with a new trial coronavirus vaccine on Monday. Researchers will follow her and 44 other people for 12 months to evaluate the vaccine.Read full newsRead More
Laurion Mineral Exploration is pleased to announce the commencement of an IP survey as part of the 2020 exploration program at the Ishkoday Project.Read full newsRead More
Junior nickel player Horizonte Minerals (LSE:HZM) reassured investors that coronavirus is yet to have a significant impact on its operations on Tuesday. Th...Read full newsRead More
Major indexes are in the black middayThe Dow Jones Industrial Average (DJI) is continuing its modest recovery from yesterday's third-worst day ever, up 500 points at last check. Also on the up is the S&P 500 Index (SPX) and Nasdaq Composite (IXIC), seeing a boost from FAANG giants Amazon.com (AMZN) and Netflix (NFLX). Guiding the rise in today's choppy market is a request by Treasury Secretary St...Read More
Uber just announced the temporary suspension of its ride-pool optionNews that Uber Technologies Inc (NYSE:UBER) is suspending all carpool or "pooled" rides in the U.S. an Canada in response to the COVID-19 pandemic has the ride-share concern down 8.3% to trade at $18.66 -- earlier touching a record low of $18.01. Senior vice president Andrew Macdonald said in a statement, "our goal is to help flat...Read More
Needham gave ZM stock a "buy" rating and a $140 price targetZoom Video Communications Inc (NASDAQ:ZM) is attracting attention with its invaluable video conferencing technology amidst the "social distancing" and quarantine trends triggered by the coronavirus pandemic. With that in mind, Needham initiated coverage on ZM with a "buy" rating and a $140 price target. The communication platform has beco...Read More
Amazon stock rose after it announced 100,000 new hires and internal raisesAfter it was announced that it would hire 100,00 new workers and give raises to current employees, shares of Amazon Inc (NASDAQ:AMZN) are up 3.1%, last seen trading at $1,741.22. The pre-market rise came despite news yesterday that Prime members should expect "out-of-stock" household items and delays for what would typically...Read More