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
Roku weekly call options have been hot in recent weeks, tooThe 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. Stocks highlighted in yellow are new to the list, including home improvement name Home Depot Inc (NYSE:HD), which recently took a hit on a negativ...Read More
All other analysts are bullish on the amusement park operator The shares of Cedar Fair, L.P. (NYSE:FUN) have been consolidating in the $55 area since pulling back from their early October highs roughly 10 points north of this region. Today, the amusement park stock is down 1.2% at $55.26, due to negative analyst attention from B. Riley. The brokerage firm dropped its rating on FUN to "neutral" fr...Read More
Weekly SPLK options are popular todayLast Wednesday, the shares of Splunk Inc (NASDAQ:SPLK) climbed above $150for the first time ever. Today, that level has been toppled once again, with SPLK last seen up 1.2% to trade at $151.06 after Goldman Sachs upgraded the software concern to "buy" from "neutral." While also boosting its price target to $180 from $147, the analyst in coverage praised the co...Read More
Xenon and Neurocrine just entered an agreement to develop a new treatment for epilepsy The shares of Canada-based biotech Xenon Pharmaceuticals Inc (NASDAQ:XENE) are skyrocketing this morning, up 8.4% at $12.83, pacing for a new 14-month high. This pop comes after the firm said it plans to partner with Neurocrine Biosciences (NBIX) to develop a new treatments for epilepsy. Xenon will receive $50 m...Read More
ROKU has been an attractive target for premium buyers over the past yearStreaming platform Roku Inc (NASDAQ:ROKU) is eyeing its worst day since early November, down 10% at $144.29 this morning, after Morgan Stanley downgraded the stock to "underweight" from "equal weight." The analyst also hiked its price target from $100 to $110, which represents a 31% discount to Friday's close. Morgan Stanley...Read More
Cyber Monday is expected to ring up north of $9 billion in sales todayFresh off the market's best month since June, stock futures are muted to start December. Trade talks between the U.S. and China remain in focus ahead of the Dec. 15 tariff deadline, especially after Chinese state media reiterated over the weekend that the rollback of existing tariffs remains a key focus for Beijing in phase one...Read More
Traders might want to consider near-term IWM or SPY call options as the risk of a VIX pop lingersWith President Donald Trump signing the Hong Kong Human Rights and Democracy Act just ahead of the Thanksgiving holiday, equities pulled back on Friday, as some viewed this act as threatening the first phase of a U.S.-China trade deal. However, as we have seen with respect to negative trade headlines r...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce the Company will be the main supplier of a closed government tender to deliver up to 15,000 Push-to-Talk Over Cellular ("PoC") devices for various government agencies. Dependent on the total units and mix between rugged handsets and in-vehicle devices, the tender is valued betwe...Read More
The latest sale, which was reported last week as involving a call spread option that La Mancha said allowed it to "remain exposed to the significant upside potential we see in (Evolution)", adds to the nearly $600 million worth of shares it sold last year.Prior to the sales La Mancha spent a combined circa $170 million on two fundraisings undertaken by Evolution.La Mancha originally received 322 m...Read More
AMS has three other contracts in Burkina Faso - at Sanbrado, Siou and Yaramoko - and it will continue to operate those contracts. The company had 19 of its workers killed and another 26 wounded when a convoy they were travelling in from Boungou came under attack. AMS has demobilised its workforce from Boungou via helicopter. According to Perenti it is doing "everything possible to e...Read More
(IDEX Online) - Alrosa generated $8.6 million in sales from an auction of special size rough diamonds (weighing over 10.8 carats) held in Ramat Gan, Israel. The Russian company sold 116 rough diamonds with a total weight of 1,800 carats at the auction, which saw 121 participants from Israel, Belgium, India, UAE, Russia, Hong Kong and the U.S.Evgeny Agureev, deputy CEO of Alrosa said the sale...Read More
(IDEX Online) - Pramod Kumar Agrawal, the current chair of the Gem & Jewellery Export Promotion Council (GJEPC), has become the first member of the Indian industry to be elected one of the three vice presidents of CIBJO, the World Jewellery Confederation. "Given the primary role that India plays in almost all sectors of the industry, it is absolutely necessary that the country be ap...Read More
Galena provides a leading lightSPONSOREDgalena miningBarely months into his role as head of Codelco, Octavio Araneda faces arguably the greatest challenge the company has confronted in a generation, and one which will see the company pull in the hornsRead More
Galena provides a leading lightSPONSOREDgalena miningAriana will focus on Venus' 9.5 million tonne copper-gold-zinc Magellan project, which consists of two deposits at Klirou and Kokkinoyia which could be developed for open pit mining.Read More
Dear Rich Lifer,In many parts of the USA, dealing with winter weather is no joke!Whether you're in Ohio or Oregon, the snow, freezing cold, and weeks without seeing the sun can really drag you down.Social occasions also become fewer and farther between because no one wants to go outside in dreadful weather.Not only that, it's a major inconvenience to get around, and living costs, like food, car in...Read More
Dear Reader,I usually prefer focus on investments most people have never heard of. I do this with a strategy I like to call "backdoor" investing.A "backdoor" investment is a publicly traded company that capitalizes on a "big idea" or trend sweeping Silicon Valley. At any given moment, the venture world is filled with thousands of companies at work in almost every sector of business.For instance, w...Read More
Aspiring precious metals developer Velocity Minerals (TSXV: VLC) recently tabled engineering study results and the latest drill assays from its 70%-owned Rozino gold deposit in southeastern Bulgaria.Rozino, the most advanced of Velocity's four Bulgarian gold projects, is advancing to the prefeasibility study (PFS) level.A 2018 preliminary economic assessment (PEA) modelled an open-pit operation wi...Read More
In the latest megadeal sweeping the gold sector, Zijin Mining Group is buying Continental Gold (TSX: CNL; US-OTC: CGOOF) for $1.4 billion in cash.The Chinese gold miner is on an acquisition spree. In early November, it said it would buy copper-gold assets in Serbia from Freeport McMoRan (NYSE: FCX) for up to US$390 million, and it bought Nevsun Resources for US$1.86 billion just over a year ago.Th...Read More
SilverCrest Metals (TSX: SIL; NYSE-AM: SILV) has found a high-grade zone outside the resource area at its Las Chispas project in Sonora, Mexico, 220 km northeast of Hermosillo.The discovery hole - 19-118 - returned 9 metres grading 44.3 grams gold per tonne and 4,551.3 grams silver per tonne for 7,873 equivalent grams silver tonne, starting from 304 metres downhole.Another hole, 19-123, cut 6 met...Read More
Exore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesDark Horse could be 2020 bolterSPONSOREDdark horse resourcesUS takes long-term position on mineral supplySPONSOREDverisk maplecroftThe unexpected switch from Chinese to European EV leadership is a result of declining government financial incentives for consumers to buy EVs in...Read More