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
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
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
Colibri Resource Corporation ("Colibri" or the "Company") is pleased to announce that it has received the rock chip sample results from Tocvan Ventures Inc. ("Tocvan") which were taken by Tocvan's geologists during a due diligence visit the Pilar gold project in November 2019. Colibri has subsequently entered into an option agreement with Tocvan regarding Pilar since thatRead full newsRead More
Velocity Minerals Ltd. announces that it has received initial drill results for its Sedefche Gold Project in Bulgaria.Read full newsRead More
Wall Street's "fear gauge" on the other hand logged its fourth straight lossThe Dow logged its second-straight triple-digit victory today with U.S.-Iraq tensions apparently in decline. The blue-chip index hit a new intraday record high, with Apple (AAPL) and Goldman Sachs (GS) leading the charge. The S&P 500 and Nasdaq joined the Dow in the black and logged record highs of their own, with a surgin...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
The stock is pacing for its worst day in over a yearOptions volume is heavy on Bed Bath & Beyond Inc. (NASDAQ:BBBY) this afternoon, as the stock slumps post-earnings. With BBBY shares last seen down 19.4% at $13.41 -- firmly on the short-sale restricted list -- the bulk of the action has occurred on the put side, with speculative players finding a way to target even more downside for the retail na...Read More
Biogas technology companies create global partnership to provide technically and commercially integrated solutions.Read full newsRead More
SNAP options volume is running quick todaySnap Inc (NYSE:SNAP) stock is trading up 4.4% this afternoon at $17.40, after Jefferies upgraded the Snapchat parent to "buy" from "hold," and lifted its price target to $21 from $17 -- a nearly 26% premium to last night's close. The brokerage firm expressed optimism over user growth and advertising revenue, saying it expects the latter to double over the...Read More
Infosys is set to report earnings before the open tomorrow Tech name Infosys Ltd (NYSE:INFY) is getting a boost ahead of its upcoming earnings report, due out before the market opens tomorrow, thanks in part to a price-target lift from Wells Fargo. The brokerage upped its target to $10.50 from $8.50. At last check, the shares of the consulting concern were up 2.3% to trade at $10.32. Since a late...Read More
Earnings from Goldman Sachs and JPMorgan Chase will be in the spotlight A flurry of financial names will step into the earnings arena this week, including blue chips Goldman Sachs (GS) and JP Morgan Chase (JPM). Fellow Dow member UnitedHealth (UNH) will also be in the earnings spotlight. There will be plenty of economic data for traders to digest, too. A definite market mover will come on Thursday...Read More
KBH has tacked on 68% over the past 12 monthsHomebuilder KB Home (NYSE:KBH) is seeing a nice lift this afternoon, earlier logging a two-year high of $37.59. The equity has been on a consistent climb higher in the last 12 months, with support at its ascending 80-day moving average pushing the stock to a now 68% year-over-year lead. Looking ahead, the construction name will report fiscal fourth-qua...Read More
Tensions surrounding the U.S. and Iran appear to be fadingThe Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are confidently higher at midday -- and earlier nabbed fresh record highs -- as investors shed some of their initial fears over the conflict between the U.S. and Iran. The tech-rich Nasdaq Composite (IXIC) also hit new highs after Advanced Micro Devices (AMD) got an upgrade...Read More