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
Jan 16, 2020 (GoldStocks.com via COMTEX) -- One of the most remarkable things in the world of finance in recent yearshas been the rally in gold over the...Read full newsRead More
Key market indices closed higher at the end of last week after the US and China signed the long-awaited phase one trade deal, ending 18 months of market tumult.The palladium price achieved a new record, breaking through the US$2,500 an ounce mark on Friday as demand continues for the metal used in autocatalysts. It was back around $2,300/oz on the spot market this morning.Its gains follow rhodium'...Read More
(IDEX Online) - Rio Tinto has announced its Q4 and full-year figures for 2019 with production at both the Argyle and Diavik mines down 8 percent over 2018. The miner said these results were due to lower recovered grade at Argyle, which was partially offset by stronger mining and processing rates. At Diavik, the drop was due to lower ore availability and grade from the underground operations....Read More
(IDEX Online) - GIA (Gemological Institute of America) has announced that it is suspending its diamond sealing services. The suspension is effective immediately and comes following the discovery that "a small number" of GIA sealing packets that had been compromised by third parties after the sealing packets left GIA. The Institute said that in these cases, the original diamonds had been repla...Read More
(IDEX Online) - Industry charity Jewelers for Children (JFC) will honor Virginia "Gina" Drosos, CEO of Signet Jewelers, Ltd. and Mercedes Abramo, president and CEO of Cartier North America at the 22nd edition of its annual Facets of Hope event in Las Vegas. Drosos was appointed Signet CEO in July 2017 and has served as a director of Signet's boardsince 2012. She serves on the Board of Ak...Read More
(IDEX Online) - Alrosa has announced that it has started test drilling at the Mir kimberlite pipe. The move is part of its strategic investment plan. Mining at the Mir underground mine was suspended in 2017.Under the current feasibility study, the miner will start searching the kimberlite pipe at a depth of 1,200-1,600 meters below the surface. This will help to define more precisely the pipe'...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resources"We will do more than 7,000m of mostly infill drilling at La Plata and start the permitting process this year. It will take about 18 months and cost about US$10 million," he said.Read More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
Australian rare earths miner Lynas (ASX: LYC) said Friday that three individuals in Malaysia had filed a lawsuit challenging the government's decision to renew the company's operating licence last year.The miner, the world's only major producer of rare earths outside China, isn't the only one being sued. Other targeted people include the Prime Minister of Malaysia, 27 other Ministers and Cabinet m...Read More
Commercial flight, for many, is a necessary evil. Because of the country's size, it's not always realistic to travel by car. Likewise, rail travel is limited when it comes to where you're able to go in many places. So that leaves flying for many Americans. And the numbers tell it all. The Federal Aviation Administration (FAA) handles over 16 million flights per year - roughly 44,000 per day -...Read More
The year is young but two commodities have already posted impressive gains, with palladium extending its run of record highs and rhodium climbing more than...Read full newsRead More
The year is young but two commodities have already posted impressive gains, with palladium extending its run of record highs and rhodium climbing more than...Read full newsRead More
Wall Street's "fear gauge" logged its lowest close in over a monthThe Dow eked out a wintoday and capped off a perfect week with a fresh record high. As it's done all week, upbeat economic data and corporate earnings fueled today's gains, with oil stock Schlumberger (SLB) the most recent example of the latter. The S&P 500 and Nasdaq both finished higher as well, and all three benchmarks secured so...Read More
Traders were greeted with some M&A buzz, tooStocks spent most of the week grinding to fresh highs, while investors monitored the first round of corporate earnings, headlined by the big banks. Of course, the real tailwind for equities came from the signing of the "phase one" U.S.-China trade deal, with the Dow Jones Industrial Average (DJI) last seen pacing for a perfect week, set for a fifth strai...Read More
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...Read full newsRead More
Thor Mining (LSE:THR) is currently trading at 0.4p after announcing strong initial sampling results from its 100%-owned Pilbara Goldfield tenements in West...Read full newsRead More
"There's a huge opioid epidemic problem in the world right now and everyone is sort of scratching their heads thinking 'ok, what are we gonna do about this? '"Read full newsRead More
Bloomberg tweeted that the firm is weighing a potential sale Online education concern 2U Inc (NASDAQ:TWOU) is surging today, after a tweet from Bloomberg suggested that the firm was weighing a potential sale under pressure from activist investor Sachem Head Capital Management. The stock has added 7.3% to trade at $23.36, and the options pits are going wild in response. So far, 5,086 calls and 1,3...Read More
SE options are attractively priced at the momentOne of the hottest stocks in the last 12 months is Sea Ltd (NYSE:SE). The e-sports name has more than tripled year-over-year, culminating in a Jan. 7 record high of $41.80. But SE could just be getting started; the stock is currently flashing a historically bullish signal.More specifically, Sea's recent high comes amidhistorically low implied volat...Read More
InVitae's recent rally looks short-livedBiotech InVitae Corp (NYSE:NVTA) is down 2.3% this afternoon -- set to snap its three day win streak -- though the catalyst is unclear. Prior to today's drop, the equity was recovering from its early January lows near $15, but remains up 22% year-to-date. However, supported by today's drop, now might be the time to take a step back from NVTA, as data from Sc...Read More