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 "phase one" trade agreement failed to spark a big reaction in stocksThe Dow cooled off today, following Thursday's big win, despite headlines that the U.S. and China agreed to a "phase one" trade deal. The agreement, which will ease back some U.S. tariffs on Chinese goods, and boost Beijing's purchases of U.S. agricultural products, left Wall Street unimpressed however, as many felt the deta...Read More
ADBE stock is popping today after a strong earnings reportOptions volume is running quick on Adobe Inc (NYSE:ADBE) stock today, as the shares surge in the wake of the Photoshop maker's earnings report. In its fiscal fourth quarter, ADBE recorded an adjusted profit of $2.29 per share on $2.99 billion in revenue -- more than analysts were expecting. This is offsetting a lower-than-anticipated curren...Read More
Noble Mineral Exploration Inc. announces that on December 12, 2019, it obtained an order of the Ontario Superior Court of Justice.Read full newsRead More
REGN stock has gained 33% in the past 3 monthsRegeneron Pharmaceuticals Inc (NASDAQ:REGN) has been rallying hard since its lows near $270 from early October, checking in 0.9% higher today at $375.40 -- which would be its best close since April -- after Credit Suisse this morning upgraded its rating to $400 from $340. This comes after REGN stock broke through the 320-day moving average last month,...Read More
Bullfrog Gold Corp is pleased to announce its intention to complete a non-brokered private placement of up to 15,384,615 units.Read full newsRead More
A torrent of deal-making among gold producers that's pushed M&A in the sector to an eight-year high is seen spilling over into the wider mining industry -- if there's a rally in global growth.Read full newsRead More
There seem to be more calls recently that a major uptrend will begin soon.Read full newsRead More
Investors waited and reacted to the Fed decision and trade headlinesThis past week was full of waiting and reacting on Wall Street. Stocks struggled for direction both before and immediately after the mid-week Fed decision to hold interest rates steady. But then investors once more resumed their unpacking of the latest U.S.-China trade headlines. Reports of a "phase one" deal nearing completion se...Read More
Jonathan Price is the second major exit announced this week and is part of BHP's strategy to shift certain responsibilities away from the executive team.Read full newsRead More
Stocks hit record highs early but have since turned redStocks are lower today despite the U.S. and China agreeing to a phase one trade deal. Details from the deal -- which still needs to be signed -- include the Trump administration rolling back some of the existing tariffs on China, while China plans to increase agricultural purchases from the U.S. The Dow Jones Industrial Average (DJI), S&P 500...Read More
SRPT is buzzing on the FDA's change of heartDrug maker Sarepta Therapeutics Inc (NASDAQ:SRPT) is soaring this morning, up 33% at $132.50. The company's Duchenne Muscular Dystrophy (DMD) treatment was approved by the Food and Drug Administration (FDA), a surprise considering the FDA rejected the drug back in August. Sarepta had repealed the FDA's decision, leading to today's shocking win. Also of...Read More
Thyssenkrupp is hoping to win contracts for a planned factory Tesla plans to bui...Read full newsRead More
NVDA is touching new highs despite the trade uncertainty Analog Devices, Inc. (NASDAQ:ADI) and Nvidia Corporation (NASDAQ:NVDA) are both in focus this morning due to confusion about whether there's actually be legitimate progress in U.S.-China trade relations. As such, the shares are struggling to capitalize on price-target hikes out of SunTrust Robinson, which sees chip stocks ADI and NVDA going...Read More
Albemarle Corp, the world's largest lithium producer, expects robust long-t...Read full newsRead More
There's plenty of optimism around SNAP to be unwoundThe shares of Snap Inc (NYSE:SNAP) are up 1.8% to trade at $14.72 this morning, after JMP Securities upgraded the Snapchat parent to "market outperform" from "market perform." While also setting a price target of $20, the analyst in coverage expressed confidence in the company's ability to grow its user base and drive engagement forward.Despite m...Read More
AVGO posted earnings and revenue that exceeded analysts' estimatesBroadcom Inc (NASDAQ:AVGO) is falling from yesterday's record peak of $330.16, despite posting a fourth-quarter earnings beat of $5.39 per share. The semiconductor concern also lifted its revenue forecast above expectations, but Wall Street remains grim toward the equity, as growth in the semiconductor industry continues to slow. At...Read More
November retail sales came in below its estimatesFresh off reports of a "phase one" trade deal being drawn up, Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq-100 Index (NDX) futures are confidently higher today. But while Bloomberg reported that the U.S. and China agreed to a limited deal that would scrap additional U.S. tariffs set to go into effect this Sunday, Dec. 15,...Read More
Christoph Huber is said to have been involved in the illegal trade of minerals during the Congo conflict two decades ago.Read full newsRead More
Maple Leaf Storage wants to help you prepare food for the holidays and is giving away a KitchenAid Professional 6qt. stand mixer.Read full newsRead More
Maple Leaf Storage wants to help you prepare food for the holidays and is giving away a KitchenAid Professional 6qt. stand mixer.Read full newsRead More