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
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe expansion is part of a $3.4 billion underground mine development blueprint designed to lift El Teniente's annual copper output past 500,000 tonnes per annum and extend its mine life by at least 50 years. Already the world's biggest underground copper mine, El Teniente produced 465,000t in 2018.Codelco is aiming to lower El Teni...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe copper producer completed the takeover of MOD Resources late last year, giving it a 11,700sq.km landholding covering 200km of strike in the Kalahari Copper Belt.Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) and Tanzania have signed a deal that grants the African nation stakes in the three gold mines the company operates there, ending a long-running tax dispute and setting a template for negotiations with other firms.The arrangement comes three months after the two parties reached an agreement in which Barrick accepted to pay US$300 million to settle outstanding tax...Read More
The uranium spot price has hovered around US$25 ($32.86) per lb. over the better part of the last year and long-term pricing is at the US$32 per lb. level. The prolonged bear market and weak macro-environment continue to erode investor confidence in the primary uranium producers, which in some cases have curtailed output to trim operating costs and stem losses.Market stresses on uranium producers...Read More
Sentiment in the rough diamond market was “slightly more optimistic” towards the end of 2019 and has remained “relatively positive” as the market prepares for the first selling cycle of 2020, Canadian miner Mountain Province reports.The company, which is a 49% participant with De Beers in Gahcho Kué diamond mine located in Canada's Northwest Territories, states t...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe Lundin family name has a long-established pedigree with copper in Argentina with Lukas finding both the Alumbrera and Veladero deposits in the past century through his companies InternationalRead More
If you're a little worried about the frothy stock market...If you're looking for a safe place to put your money...If you want to sit back and collect cash payouts without doing any work...I've got some great news for you.It's all within your reach.I'm going to show you exactly how to collect cold, hard cash and achieve a total peace of mind in the process.Here's the deal...About a year ago, I went...Read More
Safe haven demand (due to Chinese corona virus) is supporting gold. I expect a rise in Chinese gold demand during the Chinese New year, if the virus is not contained in the next two weeks. Chinese economy will see a short term hit. More and more Chinese will buy gold out of fear. It is the fear of the unknown that will drive more and more people to gold.Chinese authorities are acting quickly. It...Read More
Safe haven demand (due to Chinese corona virus) is supporting gold. I expect a rise in Chinese gold demand during the Chinese New year, if the virus is not contained in the next two weeks. Chinese economy will see a short term hit. More and more Chinese will buy gold out of fear. It is the fear of the unknown that will drive more and more people to gold.Chinese authorities are acting quickly. It...Read More
The Dow couldn't quite make it into positive territory, thoughAfter spending most of the day deep in negative territory, the Dow finished only marginally lower. The blue-chip index furiously pared its sharp losses after the World Health Organization (WHO) assuaged coronavirus fears by avoiding a declaration of a global health emergency. The S&P 500 and Nasdaq both fought their way into the black f...Read More
Otso Gold Corp. (TSXV:OTSO) is pleased to announce initial drill results from the infill drill program.Read full newsRead More
A price-target hike has sparked upside in NFLX shares todayA negative earnings reaction weighed on Netflix Inc (NASDAQ:NFLX) shares Wednesday, but today, the FAANG stock is trading up 4.5% at $340.55. Sparking the bounce is a bull note from Guggenheim, which raised its NFLX price target to $420 from $400. The brokerage firm waxed optimistic on subscriber growth in international markets.NFLX option...Read More
X is fresh off an annual low this morningThe 20 S&P MidCap 400 Index (MID) stocks listed in the table below have attracted the highest 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 GrubHub Inc (NYSE:GRUB) and United Stat...Read More
A long-term bull signal just flashed for IONS, which could point to more upside on the charts Biotech concern Ionis Pharmaceuticals Inc (NASDAQ:IONS) is cooling off, along with the broader market, just one day after the well-received release of its mid-stage study for AKCEA-APOCII-LRx in patients with cardiovascular disease sent the stock soaring, before running out of steam at familiar resistance...Read More
Yum China stock is one name seeing coronavirus effectsThe Dow Jones Industrial Average (DJI) is down sharply today as investors consider the latest batch of corporate earnings. On top of the reports received from blue chips, there's also VF Corp's (VFC) results, which have the retail stock as the worst S&P 500 Index (SPX) member today, while a number of China-exposed stocks are getting hit due to...Read More
Nektar has struggled to gain momentum since its early August sell-offBiopharmaceutical stock Nektar Therapeutics (NASDAQ:NKTR) is down 0.5% this afternoon, last seen at $22.02. NKTR has recently struggled to gain momentum, but earlier this month touched its highest intraday mark since an early August post-earnings sell-off. Today's drop may be short-lived, however, as data from Schaeffer's Senior...Read More
Vancouver, BC - good natured Products Inc. (TSX-V:GDNP) (the "Company" or "good naturedTM"), and Integral Wealth Securities Ltd. (the "Agent") today announced the closing of the final tranche ("Final Tranche") of its brokered private placement offering (the "Offering") of convertible debenture units (the "Units") announced on October 10, 2019 for aggregate gross proceeds of $3,930,000. The Compan...Read More
Several big blue-chip and FAANG names will enter the earnings confessionalNext week is absolutely brimming with activity, both on the earnings and economic fronts. On top of that, the Federal Open Market Committee's (FOMC) two-day meeting will commence on Tuesday, with a policy announcement and a press conference from Fed Chair Jerome Powell wrapping up the market-moving activities on Wednesday. E...Read More
APH put options have been popularElectronics stock Amphenol Corporation (NYSE:APH) is trading down 0.7% at $105.88, following the company's fourth-quarter earnings release. While the fiber optics maker reported a top- and bottom-line beat, a more cautious outlook is weighing on the shares. There's even been bullish analyst attention, with Evercore ISI raising its price target to $120 from $108, an...Read More
VFC put options have been popularA big earnings loser this morning is VF Corp (NYSE:VFC). While the retailer reported adjusted fiscal third-quarter profit of $1.23 per share that topped estimates, revenue of $3.38 billion came in below the expected $3.43 billion. Plus, the apparel maker slashed its full-year revenue and profit forecasts amid weak demand for its Timberland brand.In response, VF Co...Read More