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
Commander Resources Ltd. has acquired by online staking two gold properties in northwestern Ontario.Read full newsRead More
GDX stock is now very overbought on almost every metric. Traders should look to short VanEck Vectors Gold Miners ETF on any strength.Read full newsRead More
Gold miners have largely been boosting dividends to appease long-suffering share...Read full newsRead More
Fed Chair Powell noted the central bank will take action if neededIn a historic week for the market, stocks once again found no footing amid worries over the coronavirus and its global economic impact. The blue-chip index briefly breached the 25,000 level and found itself more than 1,000 points in the hole at its session lows. This seventh straight loss for the Dow caps off a 3,583.26-point loss i...Read More
The coronavirus outbreak is nearing pandemic statusThere's only so many ways to describe the bloodbath that occurred on Wall Street this week. The coronavirus outbreak, nearing pandemic status, sent the Dow, S&P 500, and Nasdaq all into correction territory and headed for their worst weekly losses since October 2008. The Dow twice logged single-day losses of 1,000 points or more,while the 10-year...Read More
Wayfair stock is heading toward its sixth straight lossWayfair Inc (NASDAQ:W) reported its quarterly earnings this morning and the results aren't pretty. The furniture company reported an adjusted loss of $2.80 per share, larger than the anticipated $2.65 loss. And while Wayfair increased fourth quarter sales profits, fourth-quarter revenue also missed its mark.In response, W stock dropped 24.2% o...Read More
NVAX is still enjoying tailwinds after the vaccine announcementShares of Novavax Inc (NYSE:NVAX) are soaring today, up 12.3%, earlier peaking at $17.71, and last seen at $13.87. The clinical-stage vaccine company earlier in the week announced a COVID-19 vaccine candidate, which they hope to put into phase 1 clinical trial late this spring. NVAX is planning to utilize its proprietary Matrix-M adjuv...Read More
The Dow is looking at its worst weekly loss since the financial crisis The Dow Jones Industrial Average's (DJI) steep sell-off continues, as the blue chip index eyes its worst week since the financial crisis of 2008, on track for a roughly 13% weekly drop. Trade bellwether Boeing (BA) is leading the index's sell-off, while Apple (AAPL) is also suffering notable losses midday. The S&P 500 Index (SP...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
Stocks are set to get rocked againDow Jones Industrial Average (DJI) futures are pointing to another day of substantial losses for stocks. More countries have reported their first cases of the coronavirus, and the World Health Organization (WHO) warned the virus could spread all across the globe. Meanwhile, more businesses are lowering their yearly outlooks because of the outbreak, pushing traders...Read More
Clinical studies are underway. How we treat them moving forward matters.Read full newsRead More
Gold miners have largely been boosting dividends to appease long-suffering share...Read full newsRead More
Forrest bought 22.1 million shares on market between last Friday and yesterday. FMG shares peaked at $12.Read More
"We remain cautious if not outright bearish in the very near-term, expecting copper to trade down to US$5300/t, nickel down to $12,000/t, and iron ore down to $70/t," it said.Read More
Share this articleVANCOUVER - February 28- GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) has announced it is preparing and planning to submit an application for Phase 2 diamond drilling at its Golden Promise Gold Property, located within the central Newfoundland gold belt. The drilling is planned for 2020 at the Jaclyn Zone, specifically the Jaclyn Main Zone (JMZ) and along projected strike east of the...Read More
Share this articleOTTAWA - A human-rights lawsuit against a Canadian mining company can be heard in British Columbia, even though it involves events in Africa, the Supreme Court of Canada says.The high court ruled Friday against B.C.-based Nevsun Resources (TSX:NSU), which had argued the claim should not proceed because a Canadian court could not decide the legality of acts by foreign sta...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 resourcesFinancing risks can be managedSPONSORED"We remain cautious if not outright bearish in the very near-term, expecting copper to trade down to US$5300/t, nickel down to $12,000/t, and iron...Read More
Junior Atac Resources (TSXV: ATC) has unveiled an updated preliminary economic assessment for its Tiger deposit in the Yukon, envisioning a smaller, higher grade operation with better economics compared to a previous PEA completed in 2016.The new PEA outlines an open pit operation with a life of seven years (including one year of construction) and average annual production of 45,000 oz. gold. Tot...Read More
The company, which has a current market value of about A$138 million, acquired APE Mobile for A$5.5 million in cash and shares this week.Read More
Angola sold just over 9.44-million carats of diamonds last year, earning $1.299-billion, the National Diamond Commercialisation Company of Angola (Empresa Nacional de Comercialização de Angola) – better known as Sodiam – has reported. This represented a year-on-year increase of 12.3% in production and 6.2% in revenues. At the presentation of these figures, in Luanda, Ango...Read More