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
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
Publisher's Note: Today, Mr. James Dines, "The Original Goldbug," brings you news of a major trend in the gold market that has flown under the radar for many investors.Read on for an excerpt from The Dines Letter and to hear about China's major moves in the gold market.Call it like you see it,Nick Hodge"Problems are messages." -Shakti GawainChina has been continuing its farsighted worldwide quest...Read More
Inexhaustible sources of methane such as hog and cow manure and food waste from restaurants are powering a growing renewable natural gas industry, and Utah consumers now have an opportunityRead full newsRead More
TORONTO, March 04, Mar 04, 2020 (GLOBE NEWSWIRE via COMTEX) -- (All amounts are in U.S. dollars unless otherwise stated) Teranga Gold Corporation...Read full newsRead More
10-year treasury yields hit another record low againStock dropped once again Friday, as Wall Street closed out a roller-coaster trading week in the red. An upbeat February jobs report was unable to lift the Dow out of its coronavirus-fueled sell-off. The S&P 500 and Nasdaq also finished deep in the red, as the 10-year Treasure yield fell below 0.7% for the first time in the benchmark's history. Ho...Read More
Tech took home big wins early in the weekThe first week of March on Wall Street streamlined the definition of volatility. Just off the stock market's worst week since the financial crisis, the Dow Jones Industrial Average (DJI) charged higher, marking its best day since 2009 on Monday. Vaccine updates and a rise out of tech aided the comeback, but it was short-lived as the blue-chip index dropped...Read More
Airline stocks are enjoying a lift after Kudlow's comments Quick to brush off this morning's better-than-expected jobs data, the Dow Jones Industrial Average (DJI) is nearly 500 points lower midday, extending Thursday's losses as traders grow weary of the long-term economic impact of coronavirus. Paring some of this morning's steeper losses is a surge out of the airline sector, after Chief Economi...Read More
Two investors announced an 11% stake in the company Big Lots, Inc. (NYSE:BIG) is up 10.6% to trade at $18.37 after two activist investors announced an 11% stake in the company, with plans to overhaul the big box retailer's board, adding that they have already nominated nine people. The investors, Macellum Advisors and Ancora Advisors, said in a joint statement that the "company has been hampered b...Read More
J.P. Morgan's CEO Jamie Dimon is currently in recovery after emergency heart surgery JPMorgan Chase & Co. (NYSE:JPM) is deep in the red this morning, down 4.7% to trade at $108.57, amid news that its CEO Jamie Dimon is recovering from emergency heart surgery, according to a company announcement. Co-presidents and co-CEOs Daniel Pento and Gordon Smith will take over Dimon's role while he recovers....Read More
The leader of its Old Navy Unit, Sonia Syngal, will take over as CEO later this month Long-time underperformer Gap Inc (NYSE:GPS) is set to open at 11-year lows this morning, following news that the head of its Old Navy unit, Sonia Syngal, will assume the role of CEO on March 23, taking the place of interim CEO Robert J. Fisher. This comes just four months after former-CEO Art Peck unexpectedly re...Read More
Better-than-expected jobs data is doing little to prop up stocks Stocks are looking to end the first full week of March deep in the red this morning, with Dow Jones Industrial Average (DJI) futures staring down a 700 drop, while the the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are eyeing sizable daily (and weekly) losses of their own. Meanwhile, the 10-year treasury yield hit its lowest...Read More
The company posted a full-year loss attributable to shareholders of US$230.4 million, including a $105 million non-cash impairment on the carrying value of Kinsevere's oxide-related assets.Read More
Canadian junior Star Diamond on Thursday started legal proceedings against Rio Tinto Exploration Canada (RTEC) to protect its interest in the Star-Orion South project, in Saskatchewan.Star Diamond last month flagged possible legal action over RTEC’s purported exercise in November 2019 of its four options under the option and joint venture agreement of June 2017, claiming that it did not comp...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesMICROMINE STRENGTHENS DATA MANAGEMENT SOLUTION WITH Geobank 2020SPONSOREDmicromineThe company posted a full-year loss attributable to shareholders of US$230.4 million, including a $105...Read More
Nexa Resources (TSX: NEXA; NYSE: NEXA) has released a preliminary economic assessment (PEA) for a potential underground mine at its Hilarion project in Peru - one of the largest undeveloped zinc projects in South America.Hilarion, 230 km north of Lima, would produce 115,000 tonnes zinc, 2.6 million oz. silver and 20,000 tonnes lead each year, representing 150,000 tonnes zinc equivalent over an ini...Read More
Anglo American Platinum, also known as Amplats, has temporarily shut down its Anglo converter plant, declared force majeure, and cut its 2020 output.The South African miner, the world's top platinum producer, now expects to churn out between 3.3 and 3.8 million oz. platinum group metals, 900,000 oz. short of its previous guidance of between 4.2 and 4.7 million ounces.The company's ACP phase A conv...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesMICROMINE STRENGTHENS DATA MANAGEMENT SOLUTION WITH Geobank 2020SPONSOREDmicromineMining Journal spotted a few companies at PDAC shunting previously prized base metals asset to the back...Read More
You hear that coughing and wheezing?It's not someone infected with the coronavirus, it's the Wall Street junkie trolling for another hit of that sweet, sweet monetary stimulus."It's critical for the Fed to cut again. The market doesn't want one-off responses. The Fed has to be willing to cut repeatedly. If this is a one-and-done cut, that's a disaster and counterintuitive," a panicked investment b...Read More
LSE-listed Gem Diamonds has highlighted the recovery of a number of top-quality white, as well as one pink, diamond from its Letšeng mine, in Lesotho, between February 28 and March 3.Five white gem diamonds, weighing between 33 ct and 114 ct, were recovered, along with a 13 ct pink gem diamond.AdvertisementEarlier in February, Gem had recovered an exceptional 183 ct white Type IIa diamond f...Read More
The Mototrends Milwaukee Auto show delivered an exciting AR Scavenger hunt for all attendances that included TWENTY 3D MODELS of futuristic cars. Attendees w...Read full newsRead More