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
Exore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesDark Horse could be 2020 bolterSPONSOREDdark horse resourcesTulkubash, Kyzyltash to add 400,000ozpa to Chaarat profileSPONSOREDI am oft accused of being a curmudgeonly old grumble bum, which, to be fair, is not as far from the truth as I might wish.Read More
The company raised C$1.3 million (US$1 million) last month at 13c per unit for drilling at the Loma Cuaba lithocap zone of Pueblo Grande, which it describes as adjacent to the world-class, Barrick Gold-run Pueblo Viejo gold-silver mine. It said it had engaged O'Brien to provide a project geology review and assist with the selection of drill collar locations and orientations."Access to this l...Read More
(IDEX Online) - Jewelers Mutual is using artificial intelligence (AI) to deliver improved customer experiences, prevent losses and provide better protection and policies for both jewelers and customers.The company has turned to AI and machine learning (ML) company H2O.ai and its H20 Driverless AI to build machine learning models for predicting customer lifetime value and prevent high severity loss...Read More
(IDEX Online) - De Beers today said it provisionally sold $425 million worth of rough diamonds at its tenth and final Sight of the year, which took place earlier this month.This compares to sales of $544 million in 2018. Sight 1Sight 2Sight 3Sight 4Sight 5Sight 6Sight 7Sight 8Sight 9Sight 102019$500 M$496 M$581 M$416 M$391 M$250 M$287 M$297 M $400 M $425 M(Provisional)2018$672 M$563...Read More
(IDEX Online) - Carla Liuni, formerly vice president of Global Marketing & Communication at Bulgari, is joining Pandora as its chief marketing officer. She will also serve on Pandora's Executive Leadership Team. For the past four years Liuni, who will join Pandora in March 2020, has been responsible for marketing and communication at Bulgari. Prior to that, she spent almost 20...Read More
Diamond miner Alrosa, Chinese multinational Tencent and independent technology company Everledger have launched a new WeChat Mini Program e-commerce solution to Chinese retailers.This demonstrates the power of blockchain technology to seamless enable the purchase with full transparency of their origin, characteristics and ownership, a statement this week said.AdvertisementCreated by Alrosa and Eve...Read More
I made thousands of dollars this morning before leaving the house. Then I went to my daughters' Christmas dance "recital".At two and three-and-a-half years old... not much gets recited. But seeing those two hold hands in pink skirted leotards, skipping to the tune of "Rudolf the Red-Nosed Reindeer" is enough to put the spirit in even the scroogiest of uncles. But there weren't any uncles there....Read More
The company said yesterday it understood the government had made a decision to "unilaterally terminate the concession agreement" for the Ilovica 6 concession.Read More
Economic news will be the key for now. Hedge funds and others are increasing their allocation to stocks for the first quarter of next year. It remains to be seen if gold ETF and gold investment demand see significant outflows. At current prices, I am against new very short term investment in gold. Silver use any 100-150 fall (if any) to invest. TODAY: It is wait and watch trade for gold, crude o...Read More
Economic news will be the key for now. Hedge funds and others are increasing their allocation to stocks for the first quarter of next year. It remains to be seen if gold ETF and gold investment demand see significant outflows. At current prices, I am against new very short term investment in gold. Silver use any 100-150 fall (if any) to invest. TODAY: It is wait and watch trade for gold, crude o...Read More
Bonterra Resources Inc. announces closure of their previously-announced private placement for gross proceeds of $5,292,898.50.Read full newsRead More
Clean energy producers voiced dismay on Tuesday at a U.S. spending bill, saying ...Read full newsRead More
Canada's Equinox Gold Corp will buy rival Leagold Mining Corp for C$769.3 m...Read full newsRead More
The S&P notched another fresh highStocks spent most of the day modestly higher, with the Dow coming to rest on a 31-point gain, and the S&P notching yet another record high as investors continue to coast on optimism over last week's phase one trade deal. Individual names that captured Wall Street's attention today were FAANG stock Netflix (NFLX), which surged on well-received international subscri...Read More
Prime Meridian Resources announces that the Company has executed a purchase agreement to acquire new mineral claims in the western Pakwash Lake area.Read full newsRead More
Two stocks seeing unusual options trading are ATVI and PLCECombing through today's options trading data, there's been unusual options trading on Call of Duty maker Activision Blizzard, Inc. (NASDAQ:ATVI). Traders are opening out-of-the-money calls in the January 2020 series, specifically at the 62.50 and 65 strikes, the two most popular contracts today. Those buying the back-month contracts expect...Read More
Canada's Equinox Gold Corp will buy rival Leagold Mining Corp for C$769.3 m...Read full newsRead More
BRIEF-Equinox Gold And Leagold Mining Combine:BRIEF-Equinox Gold And Leagold Mining CombineRead full newsRead More
No fewer than four price-target hikes came through overnightAxsome Therapeutics Inc (NASDAQ:AXSM) stock surged more than 70% yesterday after the company said its major depressive disorder drug succeeded in a late-stage study, and it plans on filing for a marketing application with the U.S. Food and Drug Administration (FDA) in the second half of next year. The shares closed at a record high of $79...Read More
XLI is trading near notable technical levels amid an onslaught of U.S.-China trade buzzThe Industrial Select Sector SPDR Fund (XLI) began last week's trading perched just above $80 -- a round-number level that had marked peaks for the shares before they sliced through here in early November as a new round of U.S.-China trade headlines sparked optimism across Wall Street. The industrial-heavy excha...Read More