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

Newcrest paid C$79.6 million (US$59.9 million) to lift its holdings after acquiring an initial 27.1% stake in 2018 for a $250 million investment. The move increases the Australian miner's exposure to Ecuador, where Lundin is developing the 5Moz high-grade Fruta del Norte gold deposit.Newcrest said it paid C$7.25 per share."This was a great opportunity to increase our exposure to Fruta del Norte, a...Read More

Glasenberg said on a conference call this week the company had no plans to quit the coal business despite agreeing to keep its coal production at 150 million tonnes a year to satisfy climate-focusedRead More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesHighlights from drilling at Heina Central include a new mineralised zone of 3.3g/t gold and 1.5% copper over 10.6m from 84m, parallel to the main zone.Read More

Look beyond market approach to project valuations: van ZylLeadershipExore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesDark Horse could be 2020 bolterSPONSOREDdark horse resourcesNewcrest paid C$79.6 million (US$59.9 million) to lift its holdings after acquiring an initial 27.1% stake in 2018 for a $250 million investment. Th...Read More

U.S. iron ore producer Cleveland Cliffs (NYSE: CLF) is acquiring AK Steel (NYSE: AKS) in an all-share transaction valued at US$1.1 billion.Cliffs, North America's largest producer of iron ore pellets, is offering shareholders of mid-tier steelmaker AK Steel 0.40 shares of Cliffs' common stock for each common share they own of AK Steel.Once the transaction is complete, Cliffs shareholders would own...Read More

The global auto industry will produce 88.8 million cars and light trucks this year, an almost 6% drop from a year ago, according to researcher IHS Markit, quoted by Bloomberg News.Electric cars have been a bright spot, but due to a cut in subsidies, China's automobile manufacturing industry body recently said fewer new energy vehicles (NEVs as they are termed domestically, which includes battery-p...Read More

The year 2019 has been good for gold. In many currencies gold recorded all-time highs (i.e. euro, Canadian dollar and Australian dollar), with the exception of the U.S. dollar. As things stand, 2020 will become a good year for gold as well because the factors supporting higher gold prices already present in 2019 will remain in 2020, such as negative interest rates, rising debt levels and the centr...Read More

PERTH (miningweekly.com) – Multi-commodity explorer EHR Resources has reached an agreement to acquire Canadian diamond company Nanuk Diamonds, as part of its strategy to diversify into diamonds in North America.Nanuk holds 625 mineral claims in Northern Quebec covering 274 km2 and containing several occurrences of diamond-bearing kimberlitic dykes that were originally found in the early 2000...Read More

Dear Rich Lifer,Becoming a caregiver can happen when you least expect it.Say a parent trips, breaks a leg, and can't get around any longer. Or suppose you visit over the holidays and discover rotting food in the frig, the range with a burner still on, and a mountain of unopened mail on the dining room table.Now the responsibility of providing the care has fallen on you.You're not alone. Families p...Read More

Dear Reader,I've said it before, but I need to emphasize it again today...The biggest rule in trading is this: Markets can always go a lot higher than you think, and a lot lower than you think.How many times over the past several years have you heard that stocks are massively overpriced by historical standards, that they just couldn't go any higher?Plenty, I'm sure. But stocks have gone higher. A...Read More

Greg Newman, senior wealth advisor, director and portfolio manager at Scotia Wealth Management, says the battered Canadian energy sector is worth a serious look by investors because valuations areRead full newsRead More

Greg Newman, senior wealth advisor, director and portfolio manager at Scotia Wealth Management, says the battered Canadian energy sector is worth a serious look by investors because valuations areRead full newsRead More

There's a reason why White Spot is Canada's longest-running restaurant chain after being founded in 1928 in BC - its high-quality and great tasting meals, for breakfast, lunch, and dinner at 61 locations in BC and three in Alberta. White Spot is home to delicious entrees and beverages that appeal to a wide range of guests, and is a great place to take your family and friends for an awesome meal. Y...Read More

There's a reason why White Spot is Canada's longest-running restaurant chain after being founded in 1928 in BC - its high-quality and great tasting meals, for breakfast, lunch, and dinner at 61 locations in BC and three in Alberta. White Spot is home to delicious entrees and beverages that appeal to a wide range of guests, and is a great place to take your family and friends for an awesome meal. Y...Read More

Gold and silver would have skyrocketed yesterday but for news of nearing of a trade deal. US November private ADP numbers stood at 67,000. If nonfarm payrolls on Friday matches ADP, then chances of interest rate cut in next week FOMC could be very high. Gold just corrected on trade deal news while silver fell. Crude oil zoomed. Trump has a history of flip-flop, unless a trade deal is actually si...Read More

Gold and silver would have skyrocketed yesterday but for news of nearing of a trade deal. US November private ADP numbers stood at 67,000. If nonfarm payrolls on Friday matches ADP, then chances of interest rate cut in next week FOMC could be very high. Gold just corrected on trade deal news while silver fell. Crude oil zoomed. Trump has a history of flip-flop, unless a trade deal is actually si...Read More

The Dow remained relatively static as investors kept a wary eye on the U.S.-China trade conflict The Dow was relatively static today, trading on both sides of breakeven before eventually eking out a small win. Investors continued to turn a wary eye to the U.S.-China trade conflict, while economic data was also in focus. Elsewhere, investors paid specific attention to Nike (NKE) after an upgrade fr...Read More

The world's biggest iron ore miners are looking for novel ways of satisfying their customers and protecting market share in the $150 billion global industry.Read full newsRead More

FB weeklies are popular todayFacebook, Inc. (NASDAQ:FB) is basically flat today, much like the broader market, following mixed reviews from analysts. Stifel upgraded its opinion to "buy" from "hold" and lifted its price target to $240 from $215 -- though this note was outmatched by a vicious bear note from HSBC. The brokerage firm began coverage with a "reduce" recommendation and $178 price target...Read More

CLDR is in recovery mode after its early June plungeCloudera Inc (NYSE:CLDR) stock is up 1.1% at $9.96 this afternoon, with options traders likely prepping for the software firm's third-quarter report. The company's earnings are scheduled for after the close today, and below, we will dive into what the options market is expecting for the stock's post-earnings move.CLDR has been on a steady climb h...Read More