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
Aurex Energy Corp. announced that it has signed, through its wholly-owned US subsidiary, an agreement with a private, arms-length third-party.Read full newsRead More
According to a December 5 Bloomberg report, the US Nuclear Fuel Working Group (NFWG) has released its results to the ...Read full newsRead More
Nike analyst sentiment is mixed coming into todayBlue chip Nike Inc (NYSE:NKE) steps into the earnings confessional this week, its quarterly report set for after the close Thursday, Dec. 19. Ahead of the event, NKE options are flying off the shelves today, with an emphasis on calls.At last check, already over 37,000 calls have changed hands, four times the expected intraday amount and double the...Read More
Wave Life said it would stop the development of its DMD drug, suvodirsenThe shares of pharmaceutical concern Wave Life Sciences Ltd (NASDAQ:WVE) have more than halved today after the firm said it would be halting the development of its Duchenne muscular distrophy (DMD) drug, suvodirsen, which failed to improve patients' condition during a phase one study, and Wave Life also said it would be discon...Read More
/CNW/ - FSD Pharma Inc. (CSE: HUGE) (OTCQB: FSDDF) (FRA: 0K9) (Read full newsRead More
months* U.S. dollar holds near 5-month low* Palladium hits record high...Read full newsRead More
Freeport-McMoRan stock is climbing its way toward annual high territoryThe 20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days. Data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. The stock highlighted in yellow is new to the list, while those such as Walt Disney Co (NYSE:DIS) are keeping up with the high option...Read More
The major US stock indexes are hitting new highs todayU.S. stocks are rallying to all-time highs today, as investors continue to buy on news of the trade deal with China. The Dow Jones Industrial Average (DJI) is deep into triple-digit territory despite the sharp selling on Boeing (BA), while tech shares are pushing the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) to strong leads as well. Meanw...Read More
BofA-Merril Lynch isn't concerned about regulatory risk for BTI in the USBritish American Tobacco PLC (NYSE:BTI) this morning received an upgrade to "buy" from "underperform" from BofA-Merill Lynch, which brushed off regulatory risk for the company in the U.S., saying it doesn't see major risk over the next 12 months. This has BTI shares up 3.9% at $42.28, putting it within striking distance of th...Read More
AMRN hit a 12-year high earlier todayThe shares of Amarin Corporation (NASDAQ:AMRN) are up 1.9% to trade at $24.57, after the Food and Drug Administration (FDA) approved Vascepa -- the drugmaker's fish-oil derived treatment for heart disease -- for broader use. In response, Oppenheimer upped its price target to $8 from $7, while Citigroup said it expects the label expansion to help acquirers get...Read More
The "phase one" trade deal with China will reportedly be signed in JanuaryWith the "phase one" trade deal detailsnow out in the open, Dow Jones Industrial Average (DJI) futures are signaling a strong start the last full trading week of 2019. Over the weekend, U.S. Trade Representative Robert Lighthizer said in an interview that the deal with China was "totally done," and is expected to be signed...Read More
The media name has added 33% in 2019Dow stock Walt Disney Co (NYSE:DIS) is enjoying a lift higher this morning, buzzing on the back of news it will be debuting its Disney+ streaming services in France this coming March. The company struck a deal with Canal+, a subsidiary of pay-TV platform Vivendi, this past weekend.In response, DIS is up 0.8% before the open.Walt Disney stock is continuing its tr...Read More
The aircraft manufacturer said it would either cut or halt production of its currently grounded 737 Max planes Aircraft manufacturer and Dow name Boeing Co (NYSE:BA) has landed itself in the headlines once again. This time, on news that the company is considering either cutting down on production of its 737 Max planes, or scrapping production altogether. The decision follows last week's Federal A...Read More
SPY call options are reasonably priced at the moment"We have agreed to a very large Phase One Deal with China. They have agreed to many structural changes and massive purchases of Agricultural Product, Energy, and Manufactured Goods, plus much more. The 25% Tariffs will remain as is, with 7 1/2% put on much of the remainder. The Penalty Tariffs set for December 15th will not be charged because of...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce that the Company has received two purchase orders totalling over $900,000 for its connected vehicle and Push to talk over Cellular (PoC) solutions. One order from a new customer totalling over $600,000 to equip their connected vehicles with Siyata's 4G/LTE in-vehicle solutions....Read More
The past year was a time of growth and transformation for many mining and exploration companies. Here's a list of eight companies with milestones to hit next year. Barrick GoldBarrick Gold's Cortez gold mine, 100 km southwest of Elko, Nevada. Credit: Barrick Gold.Barrick Gold (TSX: ABX, NYSE: GOLD), one of the world's largest gold miners, has operations in the U.S., Canada, the Dominican Republic,...Read More
The new dividend level will be effective for the first quarter of 2020 and is part of what the company calls a, "gradual and progressive approach to dividend increases" as its cash balances grow fromRead More
The company said it was "currently revising its Fort Cady mine plan" to effect the change. The junior has a staged development plan at Fort Cady requiring A$54 million in upfront capital.Read More
The contract was only extended for a further two years in February, and was expected to generate A$123 million in revenue. Perenti earlier terminated contracts at Boungou and Bissa in Burkina Faso following a major incident that left 19 of its workers dead and 26 wounded when a convoy was attacked by militants on November 6. It decided the security situation in western Burkina Faso was t...Read More
(IDEX Online) - The Luaxe diamond deposit in Angola could produce 1 million carats of diamonds worth $90 million in 2020. That's according to Russian miner Alrosa, which owns the project with Angola's state-controlled diamond miners Catoca and Endiama. "It will be one of the largest deposits in the world," Vladimir Marchenko, Alrosa's deputy chief executive in charge of its Afr...Read More