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
U.S.-China trade tensions remain highStocks took a hit in today's low-volume, holiday-shortened session to close out November. The Dow shed more than 121 points at its session lows, as investors unpacked the latest U.S.-China trade tensions and the unofficial kickoff of the holiday shopping season. Despite today's drop, the Dow, S&P 500, and Nasdaq all posted solid weekly wins. And on top of that,...Read More
Americans are buying more diamond jewelry than ever before, but prices for most polished gems are falling.Read full newsRead More
Slovakia's former premier said parliament should force the central bank to bring back the nation's gold stored in the U.K. as history has shown that allies "can hardly" be trusted.Read full newsRead More
The announced Kirkland-Detour merger news has put the spotlight on gold mining ETFs.Read full newsRead More
Stocks notched multiple highs during the holiday-shortened week Despite the week being cut short for the Thanksgiving holiday, there was plenty of action on Wall Street. On Monday, investors cheered comments from China saying it will hike penalties for intellectual property theft, leading the Dow Jones Industrial Average (DJI), the S&P 500 Index (SPX), and the Nasdaq Composite (IXIC) to start the...Read More
It doesn't look expensive to speculate on WDC right nowWestern Digital Corp (NASDAQ:WDC) just showed up on our list of best stocks to buy for December, averaging a gain of 5.9% during the month over the past 10 years, closing higher 80% of the time, thanks to data from Schaeffer's Senior Quantitative Analyst Rocky White. What's interesting is that these seasonal tailwinds come as WDC stock trades...Read More
T.A.T is heading for its best day ever after an earnings beatStocks are lower today as Black Friday mania sweeps Wall Street. But among the names bucking the broad market trend and making notable moves higher are Israeli-based industrial company T.A.T. Technologies Ltd. (NASDAQ:TATT) and technology distributor Tech Data Corp (NASDAQ:TECD). Here's a quick look at what's moving the shares of TATT an...Read More
Target will kickoffitsCyber Week holiday shopping event one day earlyWith the Black Friday holiday shopping event underway, Target Corporation (NYSE:TGT) is no doubt seeing a boom in store sales today. However, with more of these sales moving online, the big box retailer said it plans to kick off its Cyber Week sales event one day early this year, starting on this Sunday, Dec. 1, instead of Monday...Read More
DE stock fell more than 4% in Wednesday's post-earnings sessionAnalysts are chiming in on Deere & Company (NYSE:DE) this morning, after the farm equipment maker's disastrous turn in the earnings confessional on Wednesday. While DZ Bank downgraded DE stock to "sell" from "hold," UBS lowered its price target to $169 from $180. On the flip side, CFRA on Wednesday night raised its Deere price target t...Read More
FB calls at the 200 strike are all the rage latelyThanksgiving is a time to be with family, but when that becomes burdensome, you fire up social media to get out of those unpleasant conversations. Yesterday's respite was likely brief, after Facebook, Instagram, and the messenger app all experienced a holiday outage. Today, Facebook, Inc. (NASDAQ:FB) has restored service, but the stock is down 0.3...Read More
Ulta Beauty stock has struggled in 2019Makeup retailer Ulta Beauty Inc (NASDAQ:ULTA) is trading at breakeven this morning, despite a price-target cut out of Citigroup. The analyst slashed its price target to $240 from $300, though its revised outlook still represents an upside to Wednesday night's close of $233.98. The catalyst behind the bear note is unclear, but it's just another drop in the bu...Read More
AstraZeneca just received more good news from the FDAAstraZeneca plc (NYSE:AZN) is in focus this morning after the Food and Drug Administration (FDA) gave the company's Imfinzi priority review status for small cell lung cancer. Even so, AZN shares are 0.6% lower in pre-market trading after closing Wednesday at $48.77. The lack of strong price action from this news could be because the stock had al...Read More
Dow futures are trading below fair value after a record-setting monthStock futures are in cool-down mode ahead of today's shortened session, following this month's string of fresh highs. Despite this, major equity benchmarks are eyeing impressive monthly gains, with the S&P looking to clock its biggest one-month percentage jump since June. The retail sector is in focus as the Black Friday shopping...Read More
On average, 74,000 microplastic particles are consumed by humans per year. These tiny particles are smaller than five millimeters and come from nearly every object in our daily lives. Although the particles are tiny, they have large impacts on our ecosystems and societies. Microplastics are found in the air we breathe, water we drink, and food we eat, and since they come from different sources, th...Read More
Lucara set out its operating guidance for 2020 on Friday, in which it forecast annual revenue of between US$180-210 million, driven by recovery of "special" diamonds - stones that are 10.Read More
Diamond mining major De Beers Group has not recorded any cases of tuberculosis (TB) among its permanent South African employees in 2019. South Africa’s overall TB infection figure is about 567 per 100 000 people, with the country’s mining industry at about 435 per 100 000 people, according to the Minerals Council South Africa, explains De Beers Group senior occupational health manager...Read More
Galena provides a leading lightSPONSOREDgalena miningNoting the easiest place to operate would always be "at home with our dogs at our feet", the company has launched a "virtual field campaign" by acquiring nearly 60 tonnes of samples from the defunct Greenlandic national exploration company.The company will reanalyse the samples using modern methods.Galena provides a leading lightSPONSOREDgalena...Read More
In a bid to end weeks of anti-government protests and riots that have left at least 26 people dead and 13,500 injured, Chile's political parties have agreed on a process to design a new constitution.The deal, reached in the early hours of Nov. 15, strives to resolve Chile's worst political crisis since its return to democracy a generation ago and marks a step into the unknown for a country long la...Read More
Vancouver-based Awal?(C) Resources (TSXV: ARIC) has intercepted near-surface, high-grade gold at its Empire prospect, part of its 90%-owned Odienn?(C) project in northwestern C??te d'Ivoire, close to the country's borders with Mali and Guinea.ANGET-CI, a local company, holds the other 10%.The company kicked off a 3,000-metre drill program at Odienn?(C) with 2,500 metres drilled at Empire in Octobe...Read More
North America-headquartered miner Lucara Diamond Corporation expects to recover between 370 000 ct and 410 000 ct of diamonds from its Karowe mine, in Botswana, in 2020.The company on Friday provided its operating guidance for next year.AdvertisementLucara will spend about $53-million on early works related to a proposed underground mine at Karowe. The company expects to make an investme...Read More