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
Net earnings were $176.6 million (or $0.84 per share), more than triple the 2018 net earnings for the same quarter.Read full newsRead More
The firm will report its third-quarter earnings next weekBiopharmaceutical name Amicus Therapeutics, Inc. (NASDAQ:FOLD) is expected to disclose its third-quarter earnings report before the open next Monday, Nov. 11. The stock is inching higher ahead of the event, up 1.3%, at last check. What's more, a long-term sign of technical support has just emerged, too, by way of FOLD stock's 80-month moving...Read More
In a glass-walled laboratory, chemists puff on vaping devices as they test liqui...Read full newsRead More
The world's second largest gold miner sees output reaching 5.15 to 5.6 million ounces a year between 2020 and 2024.Read full newsRead More
The attack is the deadliest in recent years as the military struggles to contain Islamist violence that has overrun parts of Burkina Faso.Read full newsRead More
Twitter stock has had a rough second half of 2019Social media giant Twitter Inc (NYSE:TWTR) is sinking in this morning's trading. Now off 2.3% at $28.87, the equity is suffering on the back of a downgrade to "underperform" from "in-line" at Evercore ISI. The firm slashed its price targetto $25 from $42, as well. Evercore said Wall Street's estimates are too generous, and that margins were unsusta...Read More
CGC call options are popular todayThe shares of Canopy Growth Corp (NYSE:CGC) are up 1.8% to trade at $19.77 today, after the Canadian cannabis company inked a deal with Canadian rapper Drake to launch joint venture More Life Growth. The cannabis producer will be based in Toronto, with Drake holding 60% stake in the company, and CGC maintaining the other 40%. It's been an ugly stretch for Canopy...Read More
The firm posted third-quarter earnings and revenue that beat analyst estimates Payments concern Square Inc (NYSE:SQ) is inching higher this morning, following its third-quarter earnings release. The firm posted earnings of 25 cents per share on revenue of $602.22 million, which both beat estimates. The firm benefited from strength from its Cash App, where revenue more than doubled. Analysts, howev...Read More
D.A. Davidson has a few reasons why it sees Canada Goose's sales slowingYesterday the shares of clothing concern Canada Goose Inc (NYSE:GOOS) were swiftly rejected by the 200-day moving average, one of the most closely watched technical trendlines. This resistance was also near the $44 region, which capped GOOS' upside during its breakout attempt on Oct. 1, too. While this technical setup is troub...Read More
Both countries have agreed to cancel tariffs imposed on one another's goods Stock futures are pointed comfortably higher today, with the Dow and S&P 500 on track for another round of all-time highs at the open. This huge leap from Wednesday's sluggish trading comes after China's Commerce Ministry representative Gao Feng announced that both the U.S. and China will be backtracking on some of their p...Read More
Roku's operating costs surged 60% in the third quarterRoku Inc (NASDAQ:ROKU) said its third-quarter loss arrived at 22 cents per share -- slimmer than the 28 cents per-share loss analysts were expecting. The company's quarterly revenue of $260.9 million also exceeded the consensus estimate, though Roku said operating expenses for the three-month period surged 60% to $260.9 million. This last numbe...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") has announced the completion of functional integration to 175 major retail destinations, growing revenue-generating integrations by 16% in under 30 days.With the addition of these new content distribution channels, the Company is on track to achieve its goal of connecting to the 250 largest retailers around the...Read More
Uncertainties surround the timing and location of the US and China signing a long-awaited "phase one" trade deal this year."Sentiment has cooled in global markets, but it undoubtedly remains positive," IG market analyst Kyle Rodda said this morning.He said the ASX was "something of a laggard" relative to global stock markets and 6,770-6,775 was the technical line-in-the-sand to watch, with a break...Read More
David Becker6 hours ago (Nov 06, 2019 7:02 PM GMT)Depositphotos_263207348_s-2019 (1)Gold prices rebounded ahead of support levels, as final PMI’s from the EU came in better than expected. Gold was hammered on Tuesday as US data continues to show that the last Fed cut could be the last for a while. US yields moved lower, which helped ease the upward pressure on the US dollar which paved the...Read More
Christopher Lewis7 hours ago (Nov 06, 2019 6:13 PM GMT)Gold markets have rallied slightly during the trading session on Wednesday, as we continue to see a lot of volatility around the world. At this point, the central banks look likely to keep their monetary policy rather loose, and that should help gold. Beyond that, we also have a lot of concerns geopolitically, so that of course could put a bit...Read More
James Hyerczyk12 hours ago (Nov 06, 2019 1:12 PM GMT)Gold futures are edging higher on Wednesday in a mild attempt to recover from yesterday’s steep sell-off that was fueled by a combination of stronger-than-expected U.S. economic data and the realization by some weaker longs that central banks weren’t going to be aggressively cutting rates as previously expected. A temporary pause i...Read More
As part of a wide-sweeping management change, the company also appointed Linda Chang as CFO, Purni Parikh as SVP corporate affairs and corporate secretary and James Steels to its board.Solaris intends to undertake a non-brokered private placement financing to raise up to C$5.5 million at C40c a share plus a three-year half warrant to advance permitting, exploration and drilling on its properties.S...Read More
The resolution, put forward by a group of shareholders led by the Australasian Center for Corporate Responsibility, regarded "lobbying inconsistent with the goals of the Paris Agreement".Read More
(IDEX Online) - Hong Kong- based Sightholder KGK formally inaugurated its new cutting plant in Luanda, Angola earlier this week. This is the country's fourth diamond-cutting plant and is a partnership between KGK (65 percent), UST (30 percent) Sodiam EP 5 percent and UST (30 percent), reports the Angolan press agency. The partners have already invested $5 million out of a planned $2...Read More
Angola Diamond Sales Increase 11.7% in Q3(IDEX Online) - Angolan diamond sales increased 11.7 percent in the third quarter of 2019. Revenues reached $294.85 million compared to 2018, an increase of $30.7 million, reported Macauhub. Sodiam, the Angolan national diamond trading company, said the country sold 2.94 million carats of diamonds during the quarter, an increase of 46 percent or 7...Read More