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
Grubhub was raised to "perform" from "underperform"Food delivery service GrubHub Inc (NYSE:GRUB) is down 7.1% to trade at $48.21 today. As food delivery stocks are appealing amidst a global pandemic, GRUB was upgraded to "perform" from "underperform" by Oppenheimer today. However, while it might have lessened the blow, it doesn't seem to be enough to push the equity out of the surrounding broad-ma...Read More
The Australian privacy regulator just accused Facebook of sharing the personal detailsover 300,000 users without their knowledge Twitter isn't the only social media name in focus today, with investors turning their attention toward Facebook, Inc. (NASDAQ:FB) following reports that the Australian privacy regulator just sued the tech giant over allegations that it shared personal details of over 300...Read More
Costco is taking extra precautions with its free samples to protect customers from the coronavirus outbreak. The coronavirus outbreak is confirmed to have spread to at least 25 states, and as a result customers of Costco Wholesale Corporation (NYSE:COST) will have to say good-bye to free samples for the time being. Costco, last seen trading down 2.4% at $303.78, made the decision after competitor...Read More
eMetals Limited has completed a comprehensive project review of historical exploration activities on the Nardoo Well tenement.Read full newsRead More
XOM, CVX, and COG options volume is ramped up todayIf the coronavirus outbreak was the match, then OPEC-fueled price war is the kerosene soaked rag that sparked today's stock market crash. As oil prices plummet and send the world economies into disarray, energy stocks Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX), and Cabot Oil & Gas Corporation (NYSE:COG) are in focus. Opti...Read More
Oil is continuing its deep dive this afternoonAfter trading was halted for 15 minutes this morning to prevent a further plunge, the Dow Jones Industrial Average (DJI), the S&P 500 Index (SPX), and Nasdaq Composite (IXIC) are all down between 6% and 7% at midday, with the Dow falling over 2,000 points at its worst. Saudi Arabia cutting official crude selling prices for April and its subsequent pri...Read More
U.S. health officials are warning Americans to avoid cruise ships as the coronavirus outbreak worsens It's no secret the cruise line sector has taken a hit in recent weeks, with a slew of reports trickling in regarding coronavirus-related quarantines and cancellations. Two stocks hit particularly hard are Carnival Corp (NYSE:CCL) and Royal Caribbean Cruises Ltd (NYSE:RCL), and this weekend's warni...Read More
Amazon was hit again by a COVID-19 fear waveAmazon Inc. (NASDAQ:AMZN) is down 7.1% to trade at $1,767.03, despite a positive premarket outlook this morning. The premarket rise came after news that AMZN will announce a new business line selling the technology behind its automated checkout to other retailers. Amazon's cashier-less venture, Amazon Go, is estimated by Loup Ventures to grow to $50 bill...Read More
Twitter stocks dipped after it flagged one of Trump's retweetsShares of Twitter Inc (NYSE:TWTR) are down 6.2%, last seen at $31.40. Twitter made headlines last week on rumors CEO, Jack Dorsey was being pressured to leave due to his divided attention between Twitter and Square (SQ). Now, the social media giant is back in the news after applying its new "manipulated media" label for the first time...Read More
News that OPEC's Friday talks with Russia collapsed is sparking a massive price war, sending old futures plummetingStocks are dramatically selling off in pre-market trading, with all three indexes looking to open with losses of 4.5% or more. Dow Jones Industrial Average (DJI) futures are erasing last weeks modest win, off over 1,200 points. For the last few weeks this selloff has been tied to anx...Read More
Vancouver, BC - A2Z Technologies Canada Corp. ("A2Z" or the "Company") (TSXV: AZ) announced today that it has received a notice from the Israel Police notifying them that they have won a new four-year contract.Bentsur Joseph, Chairman and CEO of A2Z stated, "We won a similar contract four years ago, which recently completed. The Israel Police awarded A2Z a new four-year term contract and expanded...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce it has launched the Company's flagship Push-to-Talk LTE Uniden UV350 in-vehicle cellular IoT device with Verizon.The UV350 provides its enterprise customers with the first-ever dedicated in-vehicle Push-to-Talk ("PTT") cellular solution built for the specific requirements of com...Read More
In the Peruvian highlands, a refinery said it had found a sustainable source of artisanal gold. Prosecutors suspect its main supplier was a front for dirty money. What went wrong?Read full newsRead More
A recent Supreme Court of Canada decision has confirmed the right of Indigenous communities to sue companies for aboriginal title claims that span provinces without needing to file multiple lawsuits.The ruling on Feb. 21 is the latest development in a years-long attempt by two Quebec Innu groups to sue Rio Tinto (NYSE: RTP; LSE: RIO) and its subsidiary, the Iron Ore Company of Canada (IOC), for a...Read More
The United Nations Conference on Trade and Development said yesterday it expected the COVID-19 outbreak's negative impact on global foreign direct investment flows to be between -5% to -15% this year.Meanwhile equities in the Middle East plunged on Sunday as Saudi Arabia slashed the price of its crude after producers failed to agree on supply cuts, Bloomberg reported.Diversified miner and oil and...Read More
New York-based Jefferies, which also highlighted MMG's operational risks in a weekend note on the 75%-China Minmetals Corp owned company, said its high level of exposure to a weaker copper price was one concern, but probably not as big a problem as its "relatively high operating risk [Las Bambas and Kinsevere] and a levered balance sheet"."Net debt was reduced by $226 million to $7.47 billion at t...Read More
Under the proposed three-year mining services contract, Barminco says it will bring industry-leading technology and productivity to Hemlo in support of Barrick's goal to modernise and improve the performance of the mine and establish it as a tier two asset within its group.Barminco's scope of work includes undertaking mine development, production and haulage, using Barrick's mining equipment.The c...Read More
Its announcement comes as South African miners said they could mobilise "large-scale medical facilities" if needed, Western Australian producers agreed to form a working group to address key coronavirus concerns, and attendance last week at PDAC 2020, the world's biggest annual exploration and mining convention, was lower as contagion fears kept some away.Canada-based Barrick said it had not yet d...Read More
Share this articleDONKIN, N.S. - Nova Scotia's Labour Department says a stop work order has been partially lifted at the Donkin coal mine in Cape Breton.Production was shut down Feb. 13 after a rockfall in an area of the mine that saw another roof collapse two weeks earlier.There were no injuries reported in either incident, which occurred at an intersection between two coal seams inside the unde...Read More
(IDEX Online) - Pionnering tech firm Sarine says it will revolutionize the diamond industry with the introduction of the first ever in-house grading system.Its AI-driven cloud-linked technologies will allow manufacturers, wholesalers and even retailers to automatically grade stones for the 4Cs on the premises, ending the need to send them to a third-party lab.The eGrading system then uploads...Read More