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
United Airlines just pulled back to a historically bullish signal on the charts United Airlines Holdings Inc (NASDAQ:UAL) has seen an impressive bounce off its late-January lows. The stock is eyeing its third consecutive win, and just successfully closed last month's bear gap. News that the company agreed to buy Westwind School of Aeronautics, making it the first and only major U.S. carrier to own...Read More
The Nasdaq has been waffling at the breakeven but eventually hit a new intraday high Stocks are making modest moves at midday. the Nasdaq Composite Index (IXIC) hit even more fresh highs, and while it has been waffling at both sides of the breakeven today, it was last seen in the black. The Dow Jones Industrial Average (DJI) issporting an almost 300-point gain, with it and the S&P 500 Index (S...Read More
PINS has added 18% in 2020Social media platform Pinterest Inc (NYSE:PINS) is moving lower this morning ,despite seeing an initiation of coverage from Loop Capital of a "buy" rating and $29 price target yesterday evening. The firm even went on to say PINS has "great potential as an advertising and eCommerce platform," and that it could be "very profitable." At last check, PINS was down 2.2% at to t...Read More
Both calls and puts are spiking in popularity todayThe shares of Spotify Technology SA (NYSE:SPOT) are in focus this morning, after the streaming service provider reported an adjusted fourth-quarter loss of $1.26 per share, which fell short of expectations. Spotify's first-quarter guidance missed estimates as well, but the company did announce the strategic acquisition of Bill Simmons' The Ringe...Read More
Vancouver, BC - good natured Products Inc. (TSX-V:GDNP) (the "Company" or "good naturedTM") today announced that it has signed commercial agreements to supply custom designed plant-based packaging with two US food producers who distribute throughout the United States. The Company estimates the agreements will deliver between $1.7 million to $2.0 million (Canadian dollars) in organic growth on an...Read More
Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce that the Company has received a $600,000 purchase order for its 4G rugged PoC handset devices.Marc Seelenfreund, CEO of Siyata Mobile, commented, "This is an exciting win for Siyata as it demonstrates the strong continual market demand for our Push-to-Talk over Cellular (PoC) rugged handsets. Our r...Read More
Tesla's stock doubles year-to-dateRead full newsRead More
Walt Disney, Ford, and Chipotle all reported earnings since last night's closeAfter a blistering 400-point surge yesterday, Dow Jones Industrial Average (DJI) futures are eyeing another triple-digit open this morning. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also on track for a big push higher, after reports indicate labs in both the U.K. and China effective treatments have b...Read More
Chipotle's fourth-quarter earnings and revenue exceeded analysts' estimates The shares of restaurant giant Chipotle Mexican Grill, Inc. (NYSE:CMG) are signaling yet another fresh high this morning, after the company announced fourth-quarter profits of $2.86 per share, and revenue of $1.44 billion, both of which beat analysts' estimates. The company cited its online loyalty program and higher menu...Read More
Lower-dollar stocks tend to be much more volatileLook at the prices of the most familiar publicly traded companies -- Facebook (FB) ($210), Amazon.com (AMZN) ($2,030), Apple (AAPL) ($320), Netflix (NFLX) ($365), Tesla (TSLA) ($895) and Alphabet (GOOGL) ($1,430). All of them are well over $100. It didn't used to be like this. Stock splits have declined extensively over the past several years, leadi...Read More
The precious metals producer said yesterday it had received the US$11.Read More
Principal analyst Farid Ahmed said this week original equipment (OE) manufacturers in the US and China, which accounted for about 40% of the world's automotive manufacturing capacity, experienced production contractions during 2019, with pressure expected to persist in these key markets.Global OE demand shrank last year, with China down 8% and the US down 14%. Global OE demand is forecast to rever...Read More
(IDEX Online) - For Valentine's Day, Domino's Australia is giving one lucky pizza lover the chance to win a one-of-a-kind diamond "en-crust-ed" engagement ring valued at over AU$9,000 ($6,000). The ring in question features an 18-karat yellow and white gold base topped with diamond "cheese' and 'pepperoni' rubies. The ring has over 1 carat of diamonds. For a chan...Read More
(IDEX Online) Alrosa has moved its March auctions for rough and polished diamonds from Hong Kong to other trading centers. The decision comes amid the ongoing spread of the coronavirus in the region.An auction for special size rough diamonds will take place in Moscow from March 2-18. The Israeli trading center of Ramat Gan will host a polished diamond auction although the dates have yet to be fina...Read More
Dominion Diamond Mines ULC has appointed Patrick Merrin as its interim CEO. Merrin, COO - Mining of The Washing Companies, takes over from Shane Durgin who has left Dominion. "Having Patrick step in as interim CEO, in addition to his recently announced role as COO - Mining for The Washington Companies, will provide for a seamless transition in leadership and continued strong oversight m...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe updated mineral resource estimate (MRE) puts the combined Kamoa-Kakula project at 423 million tonnes grading 4.68% copper, at a 3% cut off. At a 1% cut off, the resource figure jumps to 1.Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesOn one island is the big but abandoned Panguna copper and gold mine closed prematurely by an arm of Rio Tinto in 1989.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesGlencore announced it had appointed former China Molybdenum International CEO Kalidas Madhavpeddi as an independent non-executive director, with chairman Tony Hayward saying the company looking forward to benefitting from his experience and insights, which included substantial business dealings in the DRC.The company maintained its...Read More
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has updated the resource estimate for its massive Kamoa-Kakula project in the Democratic Republic of Congo (DRC).Kamoa-Kakula - among the world's largest copper deposits - contains 1.4 billion indicated tonnes grading 2.74% copper for 83.7 billion lb. copper and another 339 million inferred tonnes grading 1.68% copper for 12.5 billion lb. copper at a 1% cut-...Read More
The Canadian Mining Hall of Fame welcomed four extraordinary individuals during the thirty-second annual induction ceremony in January at the Metro Toronto Convention Centre. Industry giants Jerry Asp, Alex Balogh, Hans Lundberg and Eberhard Scherkus were celebrated for their exemplary careers and key contributions to the mining industry.Master of ceremonies Anthony Vaccaro, group publisher of The...Read More