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
BA has sunk 3% over the past 12 monthsIt's another nail in the coffin for Boeing Co (NYSE:BA) this morning -- the equity down 1.3% at $333 -- after reports surfaced that a Boeing 737-800 operated by Ukraine International Airlines crashed in Tehran this morning, leaving no survivors. Downing just minutes after take-off, speculations of engine failure are circling as the potential catalyst. Nine cre...Read More
RBC lifted its price target to $285 from $267Biopharmaceutical concern Biogen Inc (NASDAQ:BIIB) is slightly lower today, despite joining Behind the Seizure, along with a number of other companies, which works to provide faster diagnosis to children under eight with epilepsy. In addition to this, RBC lifted its price target to $285 from $267, which is still a slight discount to last night's close....Read More
BYND gained 12.5% yesterday after Impossible Foods and McDonald's stopped supply talksThe shares of Beyond Meat Inc (NASDAQ:BYND) are up 1% to trade at $84.76 this morning, after McDonald's (MCD) announced it was expanding the test of the former's plant-based burger in Canada. More specifically, the golden arches will now offer BYND's vegan burger in 52 outlets across southwest Ontario, up from 2...Read More
The strike against a U.S. airbase was not as bad as originally feared U.S. stock futures are mixed this morning, as investors attempt to digest a slew of global and domestic headlines. Last night's report that a U.S. airbase came under fire in western Iraq sent overnight trading into a tailspin. Investor fears eased, however, as news surfaced that the attacks did not cause any casualties and no oi...Read More
Data shows 2020 could be bullish for stocks2019 was a historic year in which the S&P 500 Index (SPX) gained nearly 30% with exceptional daily consistency (more on that below). The year's 28.9% return ranks second out of the last 20 years with 2013 (up 29.6%) being the only year that was more bullish. This week I'll look at some of these 2019 stats and see if stocks tend to revert to the mean follo...Read More
Tuesday saw Red Rock Resources (LSE:RRR) highlight the news that Jupiter Mines has made major inroads into the expansion of its Tshipi Borwa manganese mine...Read full newsRead More
Bernstein analysed long-term price to earnings (Shiller P/E) for the mining industry, finding valuations are at 100-year lows.Read More
Under terms of the agreement effective from January 2021-2027, Teck will increase contracted shipping capacity from the Price Rupert terminal from three million tonnes per annum to 6Mtpa, with anRead More
BMT had been owned by RCF Jolimont Mining Innovation, which bought the company from its founders in 2015.The BMT technology allows the accurate delineation of ore boundaries after blasting in opencut mines, helping miners reduce waste and only target the material they need. It involves putting orange softball-sized sensors into the blast holes. After the blast those sensors are tracked to fin...Read More
(IDEX Online) - IDEX Online has launched the 2020 edition of its annual trade fair and guide.The guide provides details regarding a wide range of trade fairs taking place throughout the year. It also provides information relating to De Beers' Sight dates in 2020. Click here to see the 2020 issue of the Trade Fair Guide. Read More
(IDEX Online) - Tiffany & Co. recently unveiled its newly redesigned Shanghai flagship store. At 10,000 square feet, the store has doubled in size and is the largest Tiffany outlet in Asia. The two-story store also houses the Chinese Mainland's first Tiffany Blue Box Cafe, which is located on the upper level. It carries high jewelry designs, classic collections, fashion accessor...Read More
(IDEX Online) - Danish jewelry company Pandora has announced that it will meet its sales forecast for 2019. The company said that based on unaudited financial numbers, its fourth-quarter same-store sales are expected to be down 4 percent. For the full year, it expects to see a decline of 8 percent - in line with expectations. Organic growth is expected to be down 1 percent for Q4 and dow...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe Phoenix, Arizona-based company said the pregnant leach solution (PLS) grade was currently measuring 0.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesMining investment is forecast to continue rising to US$6.5 billion compared with $6 billion in 2019, which was mainly on copper development projects, principally the $5.3B Quellaveco, $1.3B Toromocho expansion and the $1.6B Mina Justa. Investment will start to tail off in 2021 as Quellaveco's construction nears its end following wh...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesEnami, Ecuador's state mineral company, and Codelco, Chile's state copper company, joint venture partners in the project, expect to formalise creation of a company to continue work on the project in the coming weeks, according to Ecuador's deputy mining minister Fernando Benalcázar. Enami will own 51% and Codelco 49% of the...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesCodelco said it sought to take advantage of historically low interest rates to raise $1 billion via a 10-year note at 3.175% as well another $1 billion via a 30-year note at 3.958%. The issues were 2.8-times oversubscribed."A favorable debt market, with base rates at historically low levels, makes it attractive to pre-finance the c...Read More
Revival takes staged approach to Beartrack-ArnettSPONSOREDSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesEven at my advanced years and having stomped around more remote parts of the world than most, I am still amazed by the stoicism...Read More
Dear Reader,Whenever despair slumps our shoulders and the sorrows of the world gnaw our liver… we can rely on CNBC to bring us up:"Latest Data Show the Economy Ended 2019 on a Strong Note, Putting Recession Fears to Bed."Thus we are caressed, soothed, cheered, lifted.And mortified.When fear goes to bed… we vault instantly up from our own, hemorrhaging icy sweat.That is because danger i...Read More
Anglo American (LON: AAL) may be the company that throws a much-needed lifeline to Sirius Minerals (LON: SXX), the British junior struggling to build a huge fertilizer mine beneath a national park, thanks to a last-minute takeover bid that values the developer at almost ?386 million (US$507 million).The diversified miner confirmed on Wednesday that it was in advanced talks with Sirius over a cash...Read More
In the three and a half years since Geoff Burns co-founded Maverix Metals (TSX: MMX; NYSE AM: MMX) with CEO Daniel O'Flaherty in July 2016, the royalty and streaming company's portfolio has grown to more than 100 assets - 14 of them paying.In 2018, Maverix posted net income of $3.5 million on record revenues of $34 million from 20,886 attributable gold equivalent oz. sold, and is on track to meet...Read More