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
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
Near zero bond yields globally will ensure that sharp corrections in gold will be used to invest for the short term as long as term. Guarded optimism in silver at the moment. One needs to remain on the sidelines till Monday. Clear picture of the spread of corona virus in USA and India will be known by end of next week. USA and India are two big consumers of goods and services. A big global slowd...Read More
Near zero bond yields globally will ensure that sharp corrections in gold will be used to invest for the short term as long as term. Guarded optimism in silver at the moment. One needs to remain on the sidelines till Monday. Clear picture of the spread of corona virus in USA and India will be known by end of next week. USA and India are two big consumers of goods and services. A big global slowd...Read More
All three indexes tanked by of 3% or moreStocks took a massive hit Thursday, unable to capitalize on yesterday's furious Super Tuesday rally. Wall Street continues to be gripped by coronavirus fears, as countries around the world extend quarantine and travel restrictions. The Dow lost over 969 points by the close, erasing nearly all of yesterday'sgains. The S&P 500 and Nasdaq Composite took massiv...Read More
Z is outperforming the broadmarketReal estate app Zillow Group (NASDAQ:Z) was testing all-time high territory last week, and has just pulled back to around the $50-$52 level. Now 19% higher year-to-date, the tech name is outperforming the broader market. With this foundation in place, now looks like an opportune time for bulls to circle in. Digging deeper, the majority of analysts still have tepi...Read More
Margaux Resources Ltd. intends to issue, pursuant to a non-brokered private placement, up to 14,285,714 units at a price of $0.07 per Unit.Read full newsRead More
Silver Spruce Resources Inc. announced that that it has completed its non-brokered private placement for total proceeds of $259,500.Read full newsRead More
Options traders are picking up TDOC calls at an elevated clip today Online healthcare platform Teladoc Health Inc (NYSE:TDOC), has been joining a good chunk of its sector peers in bucking the broadmarket trend in recent weeks, with coronavirus fears actually boding well for the tech name as more patients anxious over the outbreak turn to remote health services over traditional office visits. In fa...Read More
COVID-19 fears continue to drive stocks lowerThe Dow Jones Industrial Average (DJI) is extending its losses this afternoon, down almost 600 points as Wall Street fails to adjust to the potential long-term outcome of the global spread of COVID-19. With over 94,000 cases now reported by the World Health Organization (WHO), safe haven assets are looking attractive, sending April-dated gold futuresup...Read More
The retailer's fourth-quarter earnings exceeded analysts' expectations Shares of Burlington Stores Inc (NYSE:BURL) are up 1.1% at $221.12 this morning after announcing fourth-quarter profits of $3.25 per share, which was right on the money for Wall Street's estimations, and a 42-cent increase from the same quarter last year. And while the retail sector continues to struggle amidst the growing coro...Read More
AEO's 50-day moving average has kept a lid on any rallies since NovemberAmerican Eagle Outfitters (NYSE:AEO) stock was looking to take a much needed climb today after a recent two-year low of $12.24 on Monday. Boosted by the demand for Aerie -- its sub-brand -- the retail company reported adjusted fourth-quarter profits of 37 cents per share, just over Wall Street's expected 36 cents per share. Ho...Read More
Broadcom, Adobe, Gap, and Ulta will step into the earnings confessionalThe earnings calendar is starting to thin out, but next week still has a lot for investors to look forward to. There's the latest inflation data to unpack, as well as the University of Michigan consumer sentiment index at the end of the week. Of the companies that do report earnings, Apple supplier Broadcom (AVGO), Adobe Sys...Read More
Global Energy Metals (TSX.V:GEMC) strengthened its financial position on Thursday with news of the sale of royalties over its cobalt projects in Australia....Read full newsRead More
Virgin Galactic's CEO will take a 20% pay cut, while the executive team's wages will be reduced by 15%Buzzy space-exploration stock Virgin Galactic Holdings Inc (NYSE:SPCE) is getting hit today after MarketWatch reported that its CEO Shai Weiss will take a 20% pay cut. Meanwhile, the rest of the executive team's wages will be reduced by 15%, in order to field some of the $113 billion in losses the...Read More
Dow futures are signalling a roughly 600 point drop this morning It appears as if yesterday's Super Tuesday surge will be short-lived, with stock futures signaling significant drops this morning. Dow Jones Industrial Average (DJI) futures are eyeing a roughly 600 point tumble, paring a chunk of yesterday's massive quadruple-digit gains, whilethe S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) a...Read More