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
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesThe company acquired 70% of the Red Chris mine in British Columbia last year and is working on applying its Edge transformation approach to improve the performance of the high-cost, loss-making asset.Read More
This episode features excerpts from Cameco's Feb. 7, 2020, conference call. Cameco president and CEO Tim Gitzel discusses the fundamentals of the uranium market, spot market purchases, vision and strategy, ESG, the company's tax dispute with the CRA, and supply risk in the uranium market.All this and more with online editor and host Adrian Pocobelli.Music Credits:"Rattlesnake Railroad", "Big Weste...Read More
For the first time in a decade, there are no Canadian jurisdictions in the Fraser Institute's top 10 investment destinations, based on the 2019 annual survey of mining and exploration companies.Saskatchewan continues to be the most attractive Canadian investment jurisdiction, coming in at number 11, followed by Ontario, Quebec and B.C., ranked 16, 18 and 19, respectively. The institute's top-rank...Read More
Infill drilling at Corvus Gold's (TSX: KOR) Mother Lode deposit has intercepted high-grade mineralization over a broad area.Highlights include 88.4 metres of 1.92 grams gold per tonne and 56.4 metres of 1.92 grams gold: both of these holes targeted areas with limited drill data, intersecting better grades and geometries than suggested by the current resource model. The drill holes also expanded t...Read More
Aim-listed Firestone Diamonds’ share price on the LSE fell by more than 68% on Tuesday after it announced that it planned to delist from the Aim.A general meeting will be convened on March 13 for shareholders to vote on the proposed delisting. Seventy-five per cent of shareholders will need to vote in favour of the delisting.AdvertisementFirestone explained in a circular to shareholders that...Read More
Silver producer Excellon Resources (TSX: EXN) has announced plans to acquire developer Otis Gold (TSXV: OOO) in an all-share deal worth an estimated $32.3 million, based on recent closing stock prices.Excellon's main producing asset is the high-grade underground silver-lead-zinc Platosa mine in Mexico, whereas Otis holds the Kilgore gold project in Idaho. Based on a share exchange ratio of 0.23...Read More
After yesterday's 1,000-point drop in the Dow - which is strange to think of as only 3% - and today's drop looking like it'll settle around 750 to 800, we are in a tough place.But we aren't in completely uncharted territory.You can find plenty of articles around comparing the current coronavirus outbreak to past outbreaks, and I'd bet there are more of them than you'd remember.Here is a handy cond...Read More
India has clarified the nature of a gold discovery in Uttar Pradesh, after a gov...Read full newsRead More
Gold April reached a high of $1684.10 early morning (at New Zealand open). Silver march reached at high of $1879.50. Copper march fell to a low of $256.50. Crude oil fell to a low of $51.66. Early morning high (just after New Zealand open) can be fake or just stop loss hitting price moves. No doubt the trend for gold and silver is bullish. BUT still they have to break and trade over early mornin...Read More
Gold April reached a high of $1684.10 early morning (at New Zealand open). Silver march reached at high of $1879.50. Copper march fell to a low of $256.50. Crude oil fell to a low of $51.66. Early morning high (just after New Zealand open) can be fake or just stop loss hitting price moves. No doubt the trend for gold and silver is bullish. BUT still they have to break and trade over early mornin...Read More
NEW YORK, Feb.24, 2020(GLOBE NEWSWIRE) -- RYAH Medtech Inc. ("RYAH"), announced today that it is preparing for the launch of a patented,...Read full newsRead More
India has clarified the nature of a gold discovery in Uttar Pradesh, after a gov...Read full newsRead More
The number of coronavirus cases outside China are growingThe Dow was on the wrong side of history today, turning in a 1,031-point loss, its third-worst single-session drop ever. The blue-chip index has now given up its year-to-date gains in just one day, as COVID-19 continues to spread to more countries outside of China. The S&P 500 and Nasdaq turned in equally ugly setbacks, the latter sufferin...Read More
ZM short sellers can't be happy with today's breakoutSchaeffer's Senior Options Strategist Tony Venosa, CMT is taking a look at the shares of Zoom Video Communications Inc (NASDAQ:ZM) ahead of the company's earnings release next Wednesday, March 4. Venosa pointed out that ZM stock recently moved past the 50% year-to-date level, and is now testing a region on the charts near $36 that is equal to t...Read More
Deutsche Bank cut its price target on Foot Locker to $55 from $59Foot Locker Inc (NYSE:FL) is selling off today,following a price-target cut from Deutsche Bank. The analyst cut its estimate to $55 from $59 early this morning, which has sent FL down 3.2% to trade at $37.62, on pace for its lowest close since early September. This comes right ahead of the retailers fourth-quarter earnings report, sl...Read More
Both stocks are selling off with the broad market todayThe20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days, with data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. The stocks highlighted in yellow are new to the list. Below, we're going to take a closer look at ride-sharing startups Lyft Inc (NASDAQ:LYFT) and...Read More
Dine Brands posted fourth-quarter earnings that exceeded analysts' estimates The shares of Dine Brands Global Inc (NYSE:DIN) are bucking the broadmarket trend, and earlier surged to a four-year high of $104.46, following this morning's fourth-quarter earnings release. The Applebee's parent posted profits of $1.78 per share, which beat analyst's expectations, brushing off its revenue miss of $227.5...Read More
Cases of the coronavirus are rapidly spreading outside of Asia The Dow Jones Industrial Average (DJI) is eyeing its biggest one-day drop in months at midday, off over 800 points, as anxieties surrounding the coronavirus spike over reports of cases spreading outside of China at an alarmingly rapid pace. The Nasdaq Composite (IXIC) isn't far behind, struggling as the semiconductor sector and Apple...Read More
KDP remains above its year-to-date breakeven pointShares of k-cup maker Keurig Dr Pepper Inc (NYSE:KDP) are slightly lower amid the broad market sell-off this morning, down 1% at $29.22, at last check. However, the equity has landed a fresh upgrade out of Morgan Stanley to "equal weight" from "underweight," alongside a price-target hike to $29 from $28. There looks to be room for even more upgra...Read More
INTU is on track for its worst day since late 2018When we last checked in with Intuit Inc. (NASDAQ:INTU), the software concern was gearing up for a historically bullish first quarter. Today, Intuit is in the headlines after the Wall Street Journal reported over the weekend that the TurboTax maker was nearing a $7 billion agreement to buy personal finance program Credit Karma. The deal could become...Read More