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

Copper prices continued to slide on Tuesday after China released economic data showing the deepest declines on record for industrial production and fixed asset investment.Copper trading in New York fell by 3% on Tuesday following a 5% decline Monday to a low of US$2.32 per lb. (US$5,110 a tonne), the weakest level since early November 2016. The copper price is now down 19.7% from its 2020 high, st...Read More

De Beers, already grappling with a prolonged industry crisis exacerbated by the coronavirus outbreak, now has another headache to contend with: how to conduct diamond sales when key customers are blocked from traveling?Botswana, where De Beers conducts its 10 sales each year, on Monday announced a travel ban on 18 high-risk countries as part of an array of measures to protect itself from the pande...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe ratings agency research arm suggested technology and productivity advances could effectively combat long-term cost increases from declining average grades, and higher material movement requirements, to maintain output rates at some mines.New projects in Australia and the Americas (and, potentially, Africa) could lift mine...Read More

There is a lot of blame to throw around these days, but I want to focus on one place in particular.It isn't President Trump, who can't get through a several-minute speech without his staff having to quietly correct him after press briefings.It isn't the federal government, which can't get its act together and is leaving too much up to a fragmented state and local response.And though I have a serio...Read More

Gold rose to high of $1574.80 and silver rose to a high of 1524.50 after the Federal Reserve slashed interest rates to near to and pledged hundreds of billions of dollars in asset purchases. Interest rate option is also now over for the Federal Reserve after this interest rate cut. There is more or less a global lockdown. There was a mad rush for cash. Traders and investors alike sold everything...Read More

Gold rose to high of $1574.80 and silver rose to a high of 1524.50 after the Federal Reserve slashed interest rates to near to and pledged hundreds of billions of dollars in asset purchases. Interest rate option is also now over for the Federal Reserve after this interest rate cut. There is more or less a global lockdown. There was a mad rush for cash. Traders and investors alike sold everything...Read More

The gold mining etf, GDX continues to show promising signs both in absolute and relative performance terms, pointing to more upside ahead.Read full newsRead More

Granada Gold Mine Inc. (CVE:GGM) shareholders will doubtless be very grateful to see the share price up 33% in the...Read full newsRead More

Oil and gold also began the week with big lossesThe Dow began the week deep in the red, turning in its worst percentage loss since 1987. The blue-chip index plunged nearly 3,000 points -- hitting its lowest point since April 2017 -- even after the Federal Reserve cut interest rates to nearly zero to help offset the damage done by the coronavirus. The S&P 500 and Nasdaq both joined the Dow with lo...Read More

A surging demand for Clorox products has put analysts on high alert With the massive demand for hand sanitizer, trash bags and other cleaning products wiping the headlines, its no surprise that Clorox Co (NYSE:CLX) is one of the few stocks bucking the broadmarket trend today. The equity is up 2.9% at $172.44, set to close back atop its 20-day moving average after a brief dip below here late last...Read More

UBS Group cut its price target on FedEx to $141 from $187With earnings due out after the close tomorrow, March 17, FedEx Corporation (NYSE:FDX) is struggling to overcome today's steep selloff, last seen down 11.6% at $94.24. Not helping matters is a price target cut from UBS Group to $141 from $187, though this new forecast still stands much higher than FDX's current perch. UBS' bear note puts t...Read More

Most analysts remain skeptical, thoughEverywhere you look on Wall Street, stocks are swimming in red ink. However, one Dow name that's hanging on so far today is Caterpillar Inc. (NYSE:CAT), up 0.3% to trade at $99.21, after Stifel issued an upgrade to "buy" from "hold." Although the analyst in coverage trimmed its price target to $137 from $140, they noted that much of the bad news for CAT is al...Read More

Dieppe, New Brunswick-(Newsfile Corp. - March 16, 2020) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") is pleased to announce that Major Drilling has completed Phase 1 drilling at the Evelyn Gold Project located 60 km NW of Caborca Mexico. The initial 5-hole diamond drilling program measured a total of 815.6 meters inRead full newsRead More

Lockheed Martin's CEO Marillyn Hewson just announced her resignationLockheed Martin Corporation (NYSE:LMT) is down 5.6% to trade at $310.44amid news that the security and aerospace company's CEO, Marillyn Hewson, will be stepping down on June 15, replaced by tapped board member and American Tower Corp leader James Taiclet. Robert Stallard of Vertical Research chimed in saying that with Hewson acti...Read More

BNN Markets: Stocks, Canadian markets data, North American markets, S&P, TSX, Nasdaq, VentureRead full newsRead More

Major indexes are still in the redThe Dow Jones Industrial Average (DJI) is extending its losses this afternoon, continuing to give back the ground it gained on Friday's bounce -- down around 1,700 points at last check. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are still deep in the red as well, though losses were pared slightly after Wall Street's selloff triggered another circuit break...Read More

Apple stock is lower amid store closures and a $1.2 billion antitrust fineShares of Apple Inc (NASDAQ:AAPL) are down 8%, last seen trading at $255.67 after the tech giant closed all of its retail stores for the next two weeks to minimize the spread of the coronavirus, save for its 42 stores in China that reopened on Friday. Separately, news that the iPhone maker was fined a record $1.2 billion by...Read More

American Airlines is cutting 75% of its international flights through May 6American Airlines Group Inc (NASDAQ:AAL) is zooming lower this morning, following a brief respite last Friday, after the flight concern said they would slash 75% of its international flights through May 6 as a response to the dwindling demand for air travel. The news has AAL down 13.5% to trade at another record low of $12....Read More

The Fed's stimulus efforts are doing little to prop up stocks in pre-market tradingDow Jones Industrial Average (DJI) futures are on their way back down this morning following last weekend's wave of regional shutdowns sparked by the rapidly spreading coronavirus. Notably, Apple (AAPL) announced the closure of its retail stores until March 27. The news caused the blue chip index, S&P 500 Index (S...Read More

Last year, Wesdome Gold Mines (TSX: WDO) increased production at its Eagle River complex in northern Ontario by 28% to 91,688 oz. gold while decreasing cash costs by 9% to US$621 per ounce.The company also increased reserves at Eagle River by 36% while boosting reserve grades 20%. The latest reserve number for the operation is 1.2 million tonnes grading 14.4 grams gold per tonne for 550,000 oz. go...Read More