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

Demand for safe-haven investments such as gold may have gone down, but potential headwinds could help the yellow metal gain traction again.Read full newsRead More

Publisher's Note: With markets around all-time highs and valuations through the roof, we're all going into 2020 wondering where to find opportunities. Today we're bringing you Mr. James Dines' breakdown of some possibilities from the latest issue of The Dines Letter.Call it like you see it,Nick Hodge"This bruising year for stocks is ending in an almost unheard-of calm." - Bloomberg, November 1...Read More

All three benchmarks turned in their worst week in monthsThe Dow limped into the weekend nursing a triple-digit point loss -- its fourth straight drop -- as coronavirus panic gripped Wall Street. The blue-chip index fell over 300 points at its session lows after a second coronavirus case was confirmed in the U.S, but pared a portion of these losses by the close. The S&P 500 and Nasdaq both settle...Read More

Precious metals and miners are consolidating before their next advance. Gold could reach $1700+ by March, and we see explosive potential in silver.Read full newsRead More

The Nasdaq is about to snap a six-week win streakStocks, as of this writing, are pacing to close the holiday-shortened week in the red, which would snap a six-week win streak for the Nasdaq Composite (IXIC). The Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are themselves set to snap back-to-back weekly win streaks, as traders this week focused on a flurry of earnings releases, more B...Read More

Coronavirus outbreak fears are driving Chinese stocks lowerChinese stocks have taken a hit this week, as coronavirus fears ramp up. Shanghai-based travel firm Trip.com Group Ltd (NASDAQ:TCOM) is one name that's taken a big hit, with the stock down 6.9% today at $31.89, pacing for its fourth straight drop -- its longest losing streak since an eight-day stretch back in November.Against this backdrop...Read More

F5 is expected to report earnings after the close on Monday With earnings just around the corner software developer F5 Networks, Inc. (NASDAQ:FFIV) is gaining some traction today, with a little help from long-term support at the $132 region. The firm is expected to post its fiscal first-quarter earnings after the close on Monday, Jan. 27, and at last check the stock is up 0.9% to trade at $135.20....Read More

The Dow has erased this morning's gains With two cases of the coronavirus in the U.S. now confirmed by the Centers for Disease Control (CDC), stocks are trading back below breakeven at midday. The Dow Jones Industrial Average (DJI) has given up its morning gains and is now sporting modest losses, brushing off earnings wins from both tech name Intel (INTC) and credit card concern American Express...Read More

Put buying has been very popular latelyWhen we last checked in with Under Armour (NYSE:UAA), the stock was reaping the benefits of a bull note. While the athleisure name has done well on the charts since then, it's running head-first into a trendline with bearish implications, if past is present. More specifically, Under Armour stock is trading within one standard deviation of its overhead 160-d...Read More

Credit Suisse is all-in on Square stockSquare Inc (NYSE:SQ) stock is running hot today, after Credit Suisse initiated coverage on the fintech name with an "outperform" rating and an $84 price target -- a 21.3% premium to last night's close. Just last week, Square landed on the brokerage firm's list of companies that could be the "next generation of potential winners" in technology, alongside fello...Read More

FCX gapped lower yesterday after earningsThe shares of Freeport-McMoRan Inc (NYSE:FCX) are down 2.2% to trade at $11.71 this morning after receiving two price-target cuts. J.P. Morgan Securities and Deutsche Bank trimmed their targets to $14 and $13.50, respectively, in response to the copper miner forecasting higher costs in 2020. Yesterday, FCX gapped lower by 2.8% in the wake of its quarterly...Read More

The deal with Apple could generate as much as $15 billion in revenueA announcement that Broadcom Inc (NASDAQ:AVGO) is entering into two separate multi-year agreements, "2020 SOWS," with Apple (AAPL) is giving the shares of the semiconductor concern a boost this morning. These agreements will supply wireless components to the iPhone maker, and could generate as much as $15 billion in revenue for th...Read More

GNRC has been an impressive outperformer on the charts Shares of electrical equipment name Generac Holdings Inc. (NYSE:GNRC) are trading up 4.3% at $107.42 this morning, enjoying a lift on the heels of an upgrade to "outperform" from "perform" and a newly established $125 price target at Oppenheimer. This type of analyst sentiment is a rarity for the stock, with all but two of the eight covering f...Read More

The Dow will try to erase its small weekly deficitIt's another major session for corporate earnings on Wall Street, and well-received results from a number of big names have stocks on pace for a positive open. Dow Jones Industrial Average (DJI) futures are trading almost 100 points above fair value, benefiting from the post-earnings moves from blue chips Intel (INTC) and American Express (AXP). Th...Read More

Disney stock is finding support today at its 80-day trendlineThe impact of the fatal coronavirus is at it again, this time forcing the closure of Walt Disney Co's (NYSE:DIS) Shanghai park, in an attempt to curb the rapid spread of the highly contagious illness. Asia has been slammed by the disease this week, causing a dip in stocks worldwide, though last night markets mostly recovered after-hours...Read More

In a letter to CEOs going to Davos, the World Economic Forum urges them to set a net-zero target of 2050 and to disclose their emissions publicly.Read full newsRead More

Steel inventories in China, the world's top producer, finished last year at historically low levels as demand remained robust in the fourth quarter while production tapered, setting iron ore up for aRead More

Share this articleTORONTO - Barrick Gold Corp. has signed an agreement with the Tanzanian government to formalize a joint venture relating to three mines that ends a long-running tax dispute with the African country.The Toronto-based gold miner signed the deal with United Republic of Tanzania President John Pombe Magufuli that will give the government "full visibility of and participation in opera...Read More

Investors are wary of the South African mining industry, says Minerals Council South Africa CEO Roger Baxter, who will speak at this year’s Investing in African Mining Indaba, in Cape Town.“They are not only seeking certainty in respect of legislation and regulation, such as Mining Charter III and carbon tax, but are also looking for a signal that government has a practical, long-term...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesCopper production across the company's portfolio amounted to 173,000 tonnes, down 2.8% versus Q3 but 5% ahead of the 164,000t forecast by Canadian investment bank BMO. Metallic Silver production of about 12Moz was 20% above BMO's estimates.However copper sales were 17% lower than BMO expected, which the KGHM put down "the schedule...Read More