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
(IDEX Online) - The High Court of Singapore has ruled that IIa Technologies has infringed on an Element Six patent for proprietary synthetic diamond products and their method of manufacture (Singapore patent number 115872).The patent relates to the production of material that can be used in lab-grown diamond jewelry and in optical applications such as infrared spectroscopy and high-power laser opt...Read More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
Bluestone Resources (TSXV: BSR; US-OTC: BBSRF) has entered into a US$30 million credit facility led by the French financial services firm Natixis."We were very pleased to receive support from Natixis and the Lundin family," says Darren Klinck, Bluestone's president. "The credit facility is the first stage of financing and represents a strong endorsement of the Cerro Blanco gold project."Natixis is...Read More
Banro (TSX: BAA) will put its Namoya gold mine in the Democratic Republic of Congo (DRC) up for sale at a significant discount after repeated attacks from armed rebels forced it to halt operations once again in September.The Toronto-based miner, present in eastern DRC since the 1990s, said the decision to offload Namoya was based on the lack of government support to keep its staff and assets safe....Read More
The copper price continued to recover on Thursday as investors bet on a quick bounce in economic activity in China once the viral outbreak is brought under control.After bottoming on Monday below US$2.50 per lb., the lowest since May 2017, copper rebounded by more than 5% to trade as high as US$2.62 per lb. (US$5,780 a tonne) in New York on Thursday.In a note, Capital Economics says the gains may...Read More
Publisher's Note: Mr. James Dines brings his considerable experience to bear on the coming vulnerabilities and inherent flaws of global currencies, especially the U.S. Dollar.As he puts it himself. "please do not turn this page, or allow your eyes to glaze over, because this has crucial significance."Read on for an excerpt from The Dines Letter and to see what he means.Call it like you see it,Nick...Read More
NYSE American: GPL | TSX:GPRVANCOUVER , Feb. 6, 2020 /PRNewswire/ - GREAT PANTHER MINING LIMITED GPL(GPR) (Read full newsRead More
Gold prices would have crashed to $1400 BUT for the corona virus and is multiplier effect in the form of short term global slowdown and interest rate cut trend for the rest of the year. US economic data releases point to a strong growth. China has cut custom duties on US imports. Trade war theme of last year has now evaporated. I am not giving a bearish view. I am just trying to tell that if gro...Read More
Gold prices would have crashed to $1400 BUT for the corona virus and is multiplier effect in the form of short term global slowdown and interest rate cut trend for the rest of the year. US economic data releases point to a strong growth. China has cut custom duties on US imports. Trade war theme of last year has now evaporated. I am not giving a bearish view. I am just trying to tell that if gro...Read More
Coronavirus concerns are still weighing on the global economyStocks spent most of Friday in the red, as anxieties surrounding the coronavirus began to pick back up again amid speculation of the effect it could have on China's economy. The Dow slid 277 points, while the S&P 500 and Nasdaq also suffered steep losses. The three indexes did enjoy wins for the week, however, including a 3% pop for the...Read More
Canada's government should fund initiatives like a proposed C$1.6 billion (...Read full newsRead More
NYSE American: GPL | TSX:GPRVANCOUVER , Feb. 6, 2020 /PRNewswire/ - GREAT PANTHER MINING LIMITED GPL(GPR) (Read full newsRead More
Price-killing gold sales by the Bank of England 20 years ago have created an opportunity for the redevelopment of the Misima gold mine in Papua New GuineaRead full newsRead More
VANCOUVER, British Columbia, Feb.07, 2020(GLOBE NEWSWIRE) -- Rubicon Organics Inc. (CSE:ROMJ) (OTCQX:ROMJF) ("Rubicon Organics" or the "Company") is...Read full newsRead More
A historical signal flashing for MAC could mean fresh lows for the REITIt has been a long and steady decline for self-managed real estate investment trust (REIT) Macerich Co (NYSE:MAC). The equity has lost 45% in the last 12 months, and is deepening these losses today after yesterday's quarterly earnings report, which led to two price-target cuts, including one from Piper Sandler to $26 from $30....Read More
The coronavirus outbreak is still a lingering concern on the global economyStocks started the week red-hot, with the Dow Jones Industrial Average (DJI) reeling off three straight triple-digit wins that culminated Wednesday in its best day since July. The S&P 500 and Nasdaq joined in on the fun, as all three benchmarks logged multiple record closes. However, despite an encouraging jobs report on Fr...Read More
VZ is just below its year-to-date breakeven markShares of Verizon Communications Inc. (NYSE:VZ) are moving 1% higher to trade at $60.01 this afternoon, enjoying a lift after the mobile carrier announced a new repurchase program for up to 100 million shares of its common stock. With today's gains, VZ has now run into resistance at its 100-day moving average, but remains just shy of its year-to-dat...Read More
All three indexes are eyeing weekly wins, despite today's sharp sell-offThe Dow Jones Industrial Average (DJI) has deepened its early morning losses at the midday mark, now down triple digits, while the Nasdaq Composite Index (IXIC) and S&P 500 Index (SPX) are trailing behind with sizable losses of their own. This comes after several days of impressive wins, with the energy, materials, and te...Read More
Calls are tremendously popular today as a resultWhile U.S. equities take a breather, one stock bucking the broad market pullback is Uber Technologies Inc (NYSE:UBER). The ride share concern is up 6.5% to trade at $39.51, after the company reported an adjusted fourth-quarter loss of 64 cents on $4.07 billion in revenue, both beating analyst forecasts. While Uber expects to lose more than $1 billi...Read More
The coronavirus is still weighing on global economies U.S. equities have been red-hot lately, but Dow Jones Industrial Average (DJI) futures are taking a breather this morning. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also pulling back, as investors unpack the global economic impact of the coronavirus, which has claimed 636 lives and infected 31,131. Last month's encouragin...Read More