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

Traders will either close short positions or go long on the weekend. Iranian risk is there. My initial reaction after the news of Ukrainian airlines crash in Tehran was that of a missile hit. I may be right. USA, Canada and UK are all now saying that Ukrainian airlines was hit an Iranian missile. In my view missile may or may not be Iranian. NATO/USA has started the escalation of war like situat...Read More

All three benchmarks nabbed big weekly winsThe Dow limped into the weekend with a triple-digit loss, despite crossing a historic milestone earlier in the day. After toppling the 29,000 level for the first time ever and nabbing a new record high, the blue-chip index pivoted lower as a lackluster jobs report weighed on Wall Street. The S&P 500 and Nasdaq nabbed record highs of their own, but also e...Read More

The company warned of weaker-than-expected Andexxa revenuePortola Pharmaceuticals Inc (NASDAQ:PTLA) stock is at the bottom of the Nasdaq today, downafter the drugmaker issued preliminary earnings for the fourth quarter and 2019. PTLA said it expects global and U.S. revenue from Andexxa -- its reversal treatment for uncontrolled bleeding -- to fall well below consensus estimates.A round of bear not...Read More

Harmony Gold Mining Company has moved higher as of late, but there could definitely be trouble on the horizon for this company.Read full newsRead More

Nektar and Bristol-Myers Squibb will expand an ongoing late-stage collaborative trial The shares of Nektar Therapeutics (NASDAQ:NKTR) are pacing for their biggest one-day jump in almost two years after the firm amended its collaboration agreement with Bristol-Myers Squibb (BMY). The two will expand an ongoing trial combining NKTR's bempegaldesleukin cancer therapy with BMY's cancer drug Opdivo, th...Read More

Iran headwinds eventually faded later in the weekIf the next decade is anything like the first full week of 2020, Wall Street is in for a wild ride. U.S.-Iran tensions were at the forefront to start, as investors unpacked the headlines surrounding the killing of Iranian military commander Qassem Soleimani. Gold prices exploded in response, as investors sought the safe-haven asset amid geopolitic...Read More

U.S.-Iran tensions have sent energy stocks on a rollercoaster start to 2020Energy stocks have had a volatile start to 2020 amid the rise and fall of U.S.-Iran tensions, and Marathon Petroleum Corp (NYSE:MPC) is no exception. The oil name is facing off with its year-over-year breakeven point above, while also receiving support from the formerly resistant $57 mark. What's more, data from Schaeffer'...Read More

The Dow nabbed a new high atop the 29,000 region, before eventually sliding lower The Dow Jones Industrial Average (DJI) just sliced past the 29,000 level for the first time on record before pulling back near breakeven, as weaker-than-expected employment data finally managed to impact the blue-chip index. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) have also pulled back from their intr...Read More

GRUB gained 12.6% Wednesday on the sale reportOne of the worst stocks on the New York Stock Exchange (NYSE) this morning is GrubHub Inc (NYSE:GRUB). The meal delivery app is down 7% to trade at $51.80, after the company denied a Wall Street Journal report that a sale of the company is in process, or that any strategic review is underway. More specifically, a GrubHub spokesperson clarified: "We fe...Read More

NVDA has added 70% within the past 12 monthsChip stock Nvidia Corporation (NASDAQ:NVDA) is enjoying a 1.4% lift this morning after being added to Citigroup's "catalyst watch list." This bold move from Citigroup now has the equity at a fresh one-year high of $246.50 right out of the gate. This is just another drop in the bucket for NVDA, with just having received a bull note in late December. Over...Read More

URBN posted an increase in total company sales, but a decrease in its wholesale segmentUrban Outfitters, Inc. (NASDAQ:URBN) is among the slew of retailers posting holiday sales this week, and the results are not looking good. The Anthropologie parent posted a 2.9% increase in total company sales, which was lower than last year's 5% pop for the same period, as well as a 9% decrease in net sales fo...Read More

Stock futures are holding above fair value despite the nonfarm payrolls reportU.S. stock futures are pointing to a positive open this morning, though they've pared some gains after a downbeat jobs report. Specifically, the nonfarm payrolls report for December showed 145,000 jobs added, compared to economists' expectations of 160,000. As such, the Dow Jones Industrial Average (DJI), S&P 500 Index (...Read More

Significant power disruptions and adverse weather saw Tharisa produce 342,500 tonnes of chrome concentrate (up 0.2%) and 34,400t of PGMs (down 9.5%) in Q4.Read More

WILMINGTON – The Carnegie Institution of Washington, which has been doing scientific research for more than a century, filed lawsuits in New York alleging its patents for growing diamonds in a lab are being infringed by some top makers of such gem stones.The institute filed three complaints Thursday in Manhattan federal court against six companies, including Pure Grown Diamonds and IIa Techn...Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesThe court analysed three rulings issued in 2019 and concluded there was no clear and express prohibition in the country's constitution against undertaking popular votes about mining, that Ecuador'sRead More

I'll be the first to say, I really admire Elon Musk...He's one of those wunderkinds who are reaching for peaks that we haven't reached as humans: affordable space travel, electric cars, and of course - the best damn flamethrowers around.Musk is not only one of the world's most powerful people, but also one of the richest. At last count, he is worth a whopping $23.6 billion, making him the 40th ric...Read More

The court analysed three rulings issued in 2019 and concluded there was no clear and express prohibition in the country's constitution against undertaking popular votes about mining, that Ecuador'sRead More

De Beers Group’s diamond brand, Forevermark, unveiled the first boutique in its Next Generation Retail Concept, located within jewellery department store Caibai, in Beijing, China.The newly renovated 100 m2 boutique breaks away from the traditional across-the-counter service, inviting consumers to discover the world of Forevermark through an immersive, interactive and informative experience,...Read More

Rio Silver Inc. ("Rio Silver" or the "Company") (TSX.V: RYO) announces the acquisition of the Palta Dorada Au-Ag-Cu property ("Palta Dorada" or the "Property"). The property contains several high-grade gold-silver veins both oxide and sulphide that has been mined by artisanal methods. The Company has also signed a Memorandum of Understanding ("MOU") with Peruvian MetalsRead full newsRead More

Gold and silver may have formed a short term top yesterday. If tomorrow's US December nonfarm payrolls matches ADP jobs, then gold and silver can see further sell off. Signing of the US-China trade deal and the details released thereof will be closely watched next week. Iran situation will be fragile over the coming weeks and months. There will be phases of escalation of geopolitical situation i...Read More