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
In November, Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) reported that a lawsuit previously lodged by a Mongolian non-governmental organization (NGO) group was apparently upheld by the country's Administrative Court.The challenge, brought by NGO group Darkhan Mongol Nogoon Negdel, alleges due process was not properly followed in 2015 when the Government of Mongolia finalized the Oyu Tolgoi unde...Read More
Sun Metals (TSXV: SUNM) has completed the final tranche of a $6.2-million bought-deal financing that will help it advance exploration at its wholly owned Stardust project, 250 km northwest of Prince George in British Columbia.Steve Robertson, the company's president and CEO, says the equity financing will help the company advance exploration of the 421 zone - an area of extensive skarn alteration...Read More
Dark Horse could be 2020 bolterSPONSOREDdark horse resourcesUS takes long-term position on mineral supplySPONSOREDverisk maplecroftMacarthur's high-grade iron project set to rollSPONSOREDArtemis all set thanks to unique approachSPONSOREDartemis resourcesGoogle tells me there are 27 days until Christmas - which is slightly shocking as I seem to have only recently paid off the credit card from t...Read More
JOHANNESBURG (miningweekly.com) – South Africa is Anglo American's best performing mining jurisdiction, Anglo American CEO Mark Cutifani said last night, when he chided South Africans for not giving themselves the credit they deserved when it came to transformation already achieved.Cutifani described South Africa as “a wonderful country” and said it remained Anglo's most...Read More
Ever since I moved to Spokane, the town has been abuzz about the coming Amazon fulfillment center. Everyone in town can cite the statistics the local news has rattled off weekly for years:It will be the largest building in eastern WashingtonIt will create 1,500 full-time jobsIt's 2.5 million square feet and cost $181 million to buildOne of my neighbors headed up a utility project to run undergrou...Read More
Dear Rich Lifer,Some people love the hustle and bustle of the first big day of the holiday shopping season. They love to wake up early, pour a stiff cup of joe, grab their warmest jacket and head out before the crack of dawn to line up, camp out, and get the best deals and doorbusters on Black Friday.Some people, though, are more inclined to sleep in, stay cozy, watch the big football game and enj...Read More
If gold and silver fall today, they will crash. Inverse correlation between gold and crude oil will be there. I will prefer to call the current softer prices in gold and silver as just a correction and not even a short term bearish trend. Trend on or after second week of December will be the key not just for bullion but for currencies as well. Central banks from Europe have started increasing th...Read More
If gold and silver fall today, they will crash. Inverse correlation between gold and crude oil will be there. I will prefer to call the current softer prices in gold and silver as just a correction and not even a short term bearish trend. Trend on or after second week of December will be the key not just for bullion but for currencies as well. Central banks from Europe have started increasing th...Read More
Waste360 spoke with a developer, New York state legislator and New York City beverage distributor about the environmental benefits of RNG.Read full newsRead More
Cannabis SolutionsRead full newsRead More
Silver Spruce Resources Inc. is pleased to announce the signing of the Definitive Option and Purchase Agreement on the Melchett Lake Zn-Au-Ag project.Read full newsRead More
Trading volumes started to thin out during the holiday-shortened weekStocks spent most of the day trading in positive territory, with the Dow, S&P 500, and Nasdaq all hitting record highs, though they closed with only modest gains. Retail earnings were again in focus, with mostly favorable reactions, while investors also weighed a batch of lukewarm economic data. Overall, however, it was a somewha...Read More
The New York Post featured an upbeat article on Disney+ subscriber growthWalt Disney Co (NYSE:DIS) stock's red-hot run is continuing today, up 2% to trade at $152.67, earlier tagging a record high of $153.41. This puts the shares -- which just wrapped up a six-week win streak -- on track for a third straight daily gain, and brings its month-to-date return to 17.6%.Today's pop comes courtesy of a N...Read More
CCXI has more than tripled today after upbeat blood disease drug dataStocks are hitting new highs once more, this time thanks to a busy day of retail earnings and economic data. Among the names making notable moves today are drugmaker ChemoCentryx Inc (NASDAQ:CCXI), discount retailer Dollar Tree, Inc. (NASDAQ:DLTR), and cybersecurity name Palo Alto Networks Inc (NYSE:PANW). Here's a quick look at...Read More
Short interest has shot 420% higher year-to-date on KDP Beverage stock Keurig Dr Pepper Inc (NYSE:KDP) has been moving higher on the charts long term, recently seeing an extra push from a volatile post-earnings bull gap earlier this month. The equity has since pulled back from its Nov. 7 record peak, but still remains at twice its 2016 lows, pointing to potentially strong technical footing for KDP...Read More
Abercrombie stock hit a one-month low after a disappointing third-quarter report Abercrombie & Fitch Co. (NYSE:ANF) joined the slew of retailers reporting earnings today, unveiling a third-quarter adjusted profit of 23 cents per share and revenue of $863.5 million -- both of which missed analysts' estimates. The company also trimmed its full-year sales growth forecast, blaming declining same-store...Read More
Dick's Sporting Goods is one name surging post-earningsStocks have muscled their way to new highs today, with the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) each hitting fresh all-time peaks earlier. Retail stocks are some of the day's best performers so far, thanks to positive earnings reactions for several names, including Dick's Sporting Goods (DKS). Tr...Read More
GBT calls are popular todayGlobal Blood Therapeutics Inc (NASDAQ:GBT) earlier hit an all-time high of $69.69 after the Food and Drug Administration (FDA) approved the company's drug for sickle cell disease, and though the shares have given up almost all these gains -- possibly because their 14-day Relative Strength Index (RSI) of 76 was showing overbought conditions even before today -- they're st...Read More
Tuesday saw Thor Mining (LSE:THR) rise after revealing positive drilling results at its part-owned Kapunda in-situ recovery (ISR) copper project in South A...Read full newsRead More
Tuesday saw Thor Mining (LSE:THR) rise after revealing positive drilling results at its part-owned Kapunda in-situ recovery (ISR) copper project in South A...Read full newsRead More