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
All three indexes bounced back with wins of 3.5% or moreThe Dow roared back to life today for an 1,173-point win that erased yesterday's sell-off. The blue-chip index took its cues from the political arena today, after former Vice President Joe Biden surged ahead of Senator Bernie Sanders in the wake of a resoundingly successful Super Tuesday. Wall Street also got a late-afternoon boost after Cong...Read More
Forum Energy Metals (TSX.VFMC) has launched an exploration project funded by Orano Canada at its major uranium opportunity in Saskatchewan, Canada. Eight t...Read full newsRead More
Kroger is expected to reveal its fourth-quarter report before the open tomorrowWith fourth-quarter earnings due out before the open tomorrow, March 4, the shares of grocery store chain Kroger Co (NYSE:KR) are climbing higher, up up 3.4% at $30.33 at last check. This is due in part to Morgan Stanley's price target hike by $1 to $28 -- a slight discount to current levels. Today's pop places KR right...Read More
Upbeat jobs and manufacturing data are powering Wall Street today tooThe Dow Jones Industrial Average (DJI) is in the midst of a substantial rally today, thanks to political tailwinds created by former Vice President Joe Biden. His slew of Super Tuesday primary victories last night puts him ahead ofSenator Bernie Sanders in the delegate count, and healthcare stocks like UnitedHealth (UNH) are boom...Read More
MKM Partners is dismissing concerns over Cronos' delayed earnings report Cronos Group Inc (NASDAQ:CRON) is pushing off yesterday's two-year low of $5.14, up 3.2% at $5.49, after MKM Partners lifted its rating to "buy" from "neutral." The analysts' upgrade comes one day after the weed specialist said it would delay its fourth-quarter earnings report, garnering a downgrade from Stifel. MKM, however,...Read More
Wells Fargo upgraded Chipotle to "overweight" from "equal weight"The shares of Chipotle Mexican Grill Inc. (NASDAQ:CMG) are up 4.02% to trade at $765.70 this morning after Wells Fargo upgraded the restaurant concern to "overweight" from "equal weight," and lifted its price target to $1,000 from $868. The analyst cited the expansion of its Chipotlane stores, and went on to say the security's recent...Read More
UNH has almost caught up to its year-to-date breakeven point nowLeading the Dow's charge today is UnitedHealth Group Inc (NYSE:UNH), last seen up 10.2% to trade at $287.90. This in direct response to former Vice President Joe Biden's resounding victory yesterday in the Super Tuesday primaries. Biden has now picked up 453 delegates and political momentum to pass prior favorite Senator Bernie Sande...Read More
World Platinum Investment Council says that surplus will rise to 119,000 ounces in 2020.Read full newsRead More
The retailer posted fourth-quarter revenue that missed the mark Discount retailer Dollar Tree, Inc. (NASDAQ:DLTR) opened at a two-year low of $79.93 this morning, and was last seen down 1.3% at $80.76, after a mostly disappointing fourth-quarter earnings report. The company posted profits of $1.79, which exceeded analysts' estimates, but announced $6.32 billion in revenue, which missed analyst es...Read More
Former Vice President Joe Biden grabbed several big wins in last night's primariesDow Jones Industrial Average (DJI) futures are signaling an over 600 point surge going into today's trading, as Wall Street unpacks former Vice President Joe Biden's big wins on Super Tuesday, pulling ahead of Senator Bernie Sanders in the delegate count for the Democratic Primaries. This has the healthcare sector --...Read More
Vancouver, BC - FinCanna Capital Corp. (CSE:CALI) (OTCQB:FNNZF) (the "Company" or "FinCanna") a royalty company for the U.S. licensed cannabis industry is pleased to announce that its portfolio company Cultivation Technologies, Inc. ("CTI") conducting business as Coachella Manufacturing, an award-winning cannabis extractor and manufacturer, has commenced production at its new facility in Palm De...Read More
Vancouver, BC - A2Z Technologies Canada Corp. ("A2Z" or the "Company") (TSXV: AZ) announced today the listing of the Company's shares on the Frankfurt Stock Exchange (FSE) under the symbol A23."The Frankfurt Stock Exchange is a highly recognized exchange, and we view this as being very beneficial to further creating shareholder value. Having a Frankfurt listing presence increases our exposure and...Read More
Past trends help us grapple with alarming pullbacks following all-time highsThe S&P 500 Index (SPX) fell into "correction territory" as coronavirus news unfolded last week. Correction territory is defined as a 10% pullback. Not only did the index pull back double-digits from an all-time high, it did so at alarming rate. In six trading days, the S&P 500 went from closing at an all-time high, to dow...Read More
Toronto, Ontario--(Newsfile Corp. - March 2, 2020) - Pancontinental Resources Corporation (TSXV: PUC) (Read full newsRead More
"The issue price and size of the offering will be determined by considering investment intentions expressed by institutional investors during the book-building process," Aura said, adding its shares would continue to trade on the TSX.It plans to use the proceeds to fund operating assets, for exploration and development and to reinforce its capital structure.Aura has the San Andres gold mine in Hon...Read More
The 88th edition of the global event saw registrations by 23,144 people, compared with 25,843 last year, and a record 30,369 attendees back in 2012.Several notable exhibitors took the last minute decision to cancel their attendance, such as McEwen Mining, which said: "Just as our company holds high safety standards, the well-being of our investors and mining colleagues remains a priority."Several...Read More
(IDEX Online) - De Beers has blamed coronavirus for a significant drop in sales of rough diamonds at its latest sight, held in Botswana last week. The provisional figure for Cycle 2 is $355m, down from $551m at January's sight (Cycle 1) and the lowest since Cycle 8 of last year. The company allowed a number of deferrals from sightholders, especially for smaller stones, under 1-carat, that wou...Read More
PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company will raise some A$2.8-million in a share placement to sophisticated and professional investors to advance exploration work at its Lulo kimberlite project, in Angola.The company on Wednesday said that it would issue more than 25.8-million shares, at a price of 11c each, under its existing placement capacity.AdvertisementThe issue...Read More
(IDEX Online) - JCK Las Vegas, the biggest jewelry show in North America, is to go ahead as scheduled, say organizers.The announcement follows a series of cancelations in Hong Kong because of coronavirus, and the news last week that Baselword will not take place this year.JCK Las Vegas attracts over 30,000 of the world's most influential industry professionals, almost a quarter of them from o...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesIt said a previous gold-only result of 252m at 1.27g/t increased 18.9% to 1.51g/t gold-equivalent when silver and copper mineralisation were incorporated.Read More