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
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
The broadcasting firm posted fourth-quarter earnings and revenue that exceeded analysts' estimates The shares of Comcast Corporation (NASDAQ:CMCSA) are down 1.8% in electronic trading, set to open at $46.62, after the firm's early morning turn in the earnings confessional. The stock was surging earlier, however, signaling speculation on Wall Street is mixed. The broadcasting giant posted impressiv...Read More
Ford stock has struggled to remain higher in 2020Ford Motor Company (NYSE:F) stock is eyeing a lower open, after the car manufacturer late Wednesday night announced it will see a $2.2 billion pre-tax loss in the fourth quarter due to an increase in contributions to employee pension plans. In terms of earnings, Ford is scheduled to report earnings early next month, on Tuesday, Feb. 4.On the charts,...Read More
It's another big day for earnings on Wall StreetU.S. stock futures are trading below fair value this morning with earnings in focus once again. Dow Jones Industrial Average (DJI) components Procter & Gamble (PG) and Travelers (TRV) are both moving lower in electronic trading following the companies' earnings releases, while other high-profile names like Comcast (CMCSA) and Southwest Airlines (LUV)...Read More
Vancouver, BC - FinCanna Capital Corp. (CSE:CALI) (OTCQB:FNNZF) (the "Company" or "FinCanna"), a royalty company for the U.S. licensed cannabis industry is pleased to announce that it has advanced a third and final tranche of US$875,000 further to its royalty agreement with QVI Inc., a cannabis infused product manufacturer located in Sonoma County, California.FinCanna delivered this final tranch...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to report that an aggressive winter drilling program has commenced at the Hurricane zone. The Hurricane zone is a new discovery of high-grade uranium mineralization on the Company's 100% owned Larocque East property (the "Property") in the Eastern Athabasca Basin of Saskatchewan (Figures 1 & 2).Drilling Program Summary: ? 8...Read More
The World Health Organisation will decide today whether to declare the outbreak a global health emergency, with the death toll at 17, Reuters reported. The city of Wuhan, where the flu-like outbreak began, has closed its transport networks ahead of the Lunar New Year holiday period when millions have travel plans. Key market futures were mixed. The gold price is similar to this time...Read More
Within hours of announcing the bought-deal placement, which included a $5 million investment by Eric Sprott which was expected to give him about 8.Read More
The all-scrip transaction will result in the company rebranding as Longland Resources, with Abraham-James' to become its new managing director.Read More
(Press Release) - Over the last several years the HB Company principals have worked solely on the ambition to transform the diamond supply chain, creating a new transparent ecosystem, reconnecting the consumer with the rare beauty of the rough stone. The company announces a ground-breaking collaboration with Louis Vuitton and Lucara Diamond Corp, to manufacture the historic, record sett...Read More
Investment in South African exploration has been lean of late, with numerous factors contributing to this reality, including the state of the economy and the ability to secure seed funding, says Investing in African Mining Indaba head of content Tom Quinn, of UK event organiser Hyve Group.Themed Optimising Growth and Investment in the Digitised Mining Economy, Investing in African Mining Indaba 20...Read More
(IDEX Online) - Alrosa has announced that the diamond price index for 2019 dropped 6 percent over 2018. For the fourth quarter, it fell 2 percent compared to Q3 2019.In the fourth quarter, the average realised price for gem-quality diamonds increased 9 percent (down 3% y-o-y) to $148 per carat. For the full year, prices totaled $133/ct (down 19%).Fourth quarter rough and polished sales revenue inc...Read More
(IDEX Online) - Jewelers Mutual has arranged additional surveillance for commercial lines policyholders in an unnamed state in the Midwest because of what it terms suspicious activity. This is the second time in the past few months that the company has had to do so. In October 2019, Jewelers Mutual provided extra security surveillance to policyholders in California during widespread power out...Read More
(IDEX Online) - BlueRock Diamonds has announced that it operated profitably for the first time in the second half of 2019. The miner started operations in 2012.The AIM-listed diamond producer, which owns and operates the Kareevlei DiamondMine in the Kimberley region of South Africa said its revenue was up 190 percent to ?, ?4.1 million ($5.4 million) for full year 2019. The miner sold 12,675...Read More
(IDEX Online) - Anglo American today (Thursday) announced that De Beers' Q4 2019 production dropped 15 percent to 7.8 million carats compared to Q4 2018 (9.1 million carats). The company said the lower figures were because of lower production levels in South Africa and Botswana.For the full year, De Beers' diamond production totaled 30.8 million carats, a drop of 13 percent compared to 2...Read More