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
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
The firm lowered its full-year forecast amid coronavirus-related headwinds Canada-based apparel concern Canada Goose Holdings Inc (NYSE:GOOS) is down 7.8% at $30.70 in electronic trading -- set for its lowest open since late-2017 -- following a lackluster turn in the earnings confessional this morning. While the down coat creator posted fiscal-third-quarter earnings and revenue that exceeded analy...Read More
IGO's Peter Bradford predicted an "explosion" of copper and nickel demand.Read More
Airships may replace winter roads at Chidliak70% of rough diamonds sold to local beneficiatorsAdvertisementCAPE TOWN (miningweekly.com) – De Beers Group Managed Operations MD responsible for South Africa and Canada, Nompumelelo (Mpumi) Zikalala, spoke to Mining Weekly this week about the highlights and one lowlight of her first nine months in office.Zikalala, who has replaced two long-servin...Read More
Japanese powerhouse Mitsubishi Materials Corporation (MMC) has acquired a 30% stake in Mantos Copper's Mantoverde mine and associated projects in Chile for US$263 million.MMC has been seeking to participate in high-quality copper projects to secure concentrate for its copper smelters, as demand for the industrial metal is expected to soar in the coming years because of its use in electric vehicles...Read More
Russian miner Alrosa will hold four auctions in New York this year for rough diamonds weighing more than 10.8 ct.“In general, each auction attracts up to 100 companies from different countries. Auction sales currently account for about 10% of our overall sales,” Alrosa deputy CEO Evgeny Agureev commented in a statement on Friday.AdvertisementThe first auction in New York will be held f...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesMitsubishi will contribute $263 million as a capital subscription into Mantoverde which will be used for the MVDP Mantoverde development project, and pay $20 million in cash upon the completion of specific milestonesMVDP is a $731 million brownfield project in the Atacama region which contemplates building a copper concentrator to...Read More
Tesla stock has more than doubled so far this year...And I honestly couldn't care less.I know a bubble when I see one.This is what they look like...Very, very few things can justify that kind of a climb when it comes to stocks. You typically only see it with small companies that acquire a savvy patent or make a major medical breakthrough. You don't generally see it with companies that are already...Read More
Central banks believe that by injecting additional liquidity everything will be fine. Interest rate cut is the buzz word this year. The purchasing power of your national currency will rapidly fall on every massive liquidity injection. Use sharp dips to invest in gold for the long term. Corona virus is spreading with passing of each day. Numbers of deaths are rising each day in China. Numbers of...Read More
Central banks believe that by injecting additional liquidity everything will be fine. Interest rate cut is the buzz word this year. The purchasing power of your national currency will rapidly fall on every massive liquidity injection. Use sharp dips to invest in gold for the long term. Corona virus is spreading with passing of each day. Numbers of deaths are rising each day in China. Numbers of...Read More
Emgold Mining Corporation announces that it expanded its Casa South Property, QC with the addition of 24 mineral claims totaling approximately 1,320 ha.Read full newsRead More
TriStar Gold Inc. pre-feasibility study advancing with results including 4m @ 10.8 g/t gold in hole RC-19-383.Read full newsRead More
Adamera Minerals announces it has entered into an option / joint venture agreement with Hochschild Mining (US) Inc. on its Cooke Mountain gold project.Read full newsRead More
Barrick Gold is not looking to merge with copper miner Freeport-McMoran, CEO Mar...Read full newsRead More