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
The mine produced just under 13 million carats in 2019, down 8%, with lower grades partially offset by an increase in mining and processing rates.Rio Tinto has dropped global diamond guidance for 2020 to 12-14Mct from 17Mct produced last year.It said Argyle would close in the fourth quarter of this year.The date was the best-case scenario for the depleting mine, with Rio previously flagging this y...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesCase study: platform financeSPONSOREDminexiaThe company spent US$624 million on exploration in 2019, up from $488 million in 2018.Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesThe Toronto-based company said overall production of 5.5 million ounces gold was close to the top-end of its annual guidance of 5.1-5.6Moz, with copper output of 432Mlb topping the high-end of guidance for 430Mlb.Barrick attributed its success in part to its 61.5% stake in the Nevada Gold Mines joint venture with Newmont, whic...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe Vancouver-based company said Thursday the project now had a net present value of C$1.3 billion (US$1 billion), which reflected a $500 million increase over the 2014 feasibility study."The leverage this mine has to metal prices is huge, and with only a 10% increase in these assumptions, the pre-tax NPV climbs to $2 billion," CEO...Read More
Minera Alamos (TSXV: MAI) has started construction of its Santana open-pit heap leach mine in Sonora state and expects to transition from a developer to gold producer this year."This is a big year for us," Doug Ramshaw, the company's president, tells The Northern Miner. "There's probably only going to be six or seven new gold producers this year, which is a pretty exclusive club we're going to joi...Read More
Rio Tinto's (NYSE: RIO) iconic Argyle mine in remote Western Australia, the world's biggest and the main global source of high-quality pink diamonds, will close in the fourth quarter of this year, potentially pushing prices up and spurring exploration.The planned closure, the company said, will impact its total diamond output for the year. Rio now expects to produce between 12 and 14 million carat...Read More
LONDON – De Beers is considering key changes to the way it sells diamonds as frustration mounts among its customers – a supposedly elite group that are now struggling to turn a profit.De Beers has signaled to its handpicked buyers that it may significantly reduce their number, possibly by the most since its monopoly ended at the beginning of the century, according to people familiar wi...Read More
"Thou, Trivia, goddess, aid my song: Through spacious streets conduct thy bard along."- Logan Pearsall SmithYes, I'm highbrow enough to quote Oxford-trained essayists. I'm also lowbrow enough to have spent many years watching stupid television shows. That's also why I'll be the first to admit that I love Jeopardy. It's the best of both worlds...I lived and breathed Jeopardy as a child. I watched r...Read More
Trump's impeachment progress is the key reason for gold and silver to rise. Impeachment news is the reason for gold price to rise from $1460 to $1520. Thereafter investment interest and speculative longs pushed gold past $1600. Gold prices not falling below $1530 despite some bearish news should be taken as short term positive by bulls. News on US-China trade deal (everything collected from Re...Read More
Trump's impeachment progress is the key reason for gold and silver to rise. Impeachment news is the reason for gold price to rise from $1460 to $1520. Thereafter investment interest and speculative longs pushed gold past $1600. Gold prices not falling below $1530 despite some bearish news should be taken as short term positive by bulls. News on US-China trade deal (everything collected from Re...Read More
As of Jan. 10, SAINT JANE's Luxury Beauty Serum ($125) and the Deluxe Travel Luxury Beauty Serum ($38) can be found at more than 280 Sephora locations across the U.S.Luxury...Read full newsRead More
By The Fresh Toast's Rudy Sanchez, provided exclusively to Benzinga Cannabis.Forty-three percent of investors have the impression that the marijuana industry is growing at a...Read full newsRead More
GW Pharmaceuticals PLC- ADR (NASDAQ: GWPH) exceeded fourth-quarter estimates for Epidiolex sales, notching $108 million in revenue for the CBD drug, according to the company...Read full newsRead More
As traders, we love when a big price movement works in our favor. However, being on the other side of a huge price swing can also decimate your account. TRead full newsRead More
Growing supplies of renewable natural gas key to reducing emissions from trucks and buildingsExperts estimate that 4,450 Trillion Btus of renewable natural gas will be available by 2040, about 90% of the nation's current natural gas consumptionPIXLEY, Calif., Jan. 13, 2020 /PRNewswire/ -- Calgren Dairy Fuels and Southern California Gas Co. (SoCalGas) today announced that four additional C...Read More
Jobs and retail data lifted Wall Street todayThe Dow roared to a fourth straight win and new record high today, thanks to upbeat retail sales and jobs data. The blue-chip index's over 200-point win can also be attributed to the details of the newly signed "phase one" trade deal with China, where it was revealed China could purchase nearly $200 billion more in U.S. goods in the coming years. The S&...Read More
Sirios Resources is pleased to announce that it recently applied by map designation for 150 new mining claims in order to expand its 39 gold property.Read full newsRead More
The gap between the SPX and its 200-day moving average is unusually wideThe S&P 500 Index (SPX) has rallied over the past few months, and now, relative to its 200-day moving average, it's the highest it's been in about two years. Specifically, it's now 10% above the moving average. The last time it reached this level it did not go well. The S&P 500 peaked on January 26, 2018 at 14% above the movin...Read More
Morgan Stanley downgraded the electric automaker to "underweight" from "equal-weight"Tesla Inc (NASDAQ:TSLA) is getting hit with a bear note from Morgan Stanley just two days after the stock nabbed an all-time high of $547.41. The analyst downgraded the electronic auto manufacturer to "underweight" from "equal-weight" but lifted its price target to $360 from $250 -- still a sizable deficit off las...Read More
Deep-South Resources Inc. announces that it extends the closing of the second tranche of its Private Placement by a maximum of two weeks.Read full newsRead More