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

PG and UTX are propping up the Dow todayThe Dow Jones Industrial Average (DJI) is modestly higher at midday, as investors sift through the latest batch of corporate reports. So far, the blue-chip index is shrugging off lackluster earnings from Travelers (TRV) and McDonald's (MCD), and is instead propped up by post-earnings gains from Procter & Gamble (PG) and United Technologies (UTX). Boeing (B...Read More

Local officials open a criminal investigation over reports the dam was built illegally.Read full newsRead More

Credit Suisse slashed its price target on Freeport-McMoRan to $11 from $13The shares of Freeport-McMoRan Inc (NYSE:FCX) are down 1.1% to trade at $9.71, ahead of tomorrow's before-the-open third-quarter earnings report. Credit Suisse already came in with a price target cut to $11 from $13 and slashed its Q3 EBITDA estimate to $610 million, and the analyst predicted that the broader metals and mini...Read More

New report shows private funds raising money for investment in metals and mining came up empty in Q3 and so far this year commitments total a paltry $100m.Read full newsRead More

Unionized miners will hold a day-long strike on Tuesday in a show of solidarity with ongoing protests over the high cost of living and extreme inequality in the country.Read full newsRead More

It's a major shift in sentiment among STMP options tradersStamps.com Inc. (NASDAQ:STMP) stock is near the top of the Nasdaq today, on news the online shipping concern is teaming up with delivery giant United Parcel Service (UPS). The partnership will offer Stamps.com customers up to 55% off daily UPS shipping rates, as UPS attempts to woo small business customers. At last check, STMP shares are up...Read More

UAA options traders could be using calls to hedgeThe shares of Under Armour Inc (NYSE:UAA) are in focus today, after founder and CEO Kevin Plank announced he will step down in 2020. Replacing him will be current Chief Operating Officer Patrik Frisk, who joined the company in 2017 and has been a key part in the retailer's recent three-year transformation plan.The shakeup has Under Armour stock up 1...Read More

Cloud stocks have struggled lately, but today analysts have been bullishDropbox Inc (NASDAQ:DBX) is one stock seeing bullish analyst attention this morning, with Instinet upgrading its opinion to "buy" from "neutral" and upping its price target by $1 to $25. The brokerage firm cited an attractive valuation and said revenue growth could begin to accelerate. DBX shares are up 3.7% in response to tra...Read More

Travelers Companies posted profits of $1.43 per share, which came in lower than analysts' estimates Blue chip name Travelers Companies Inc (NYSE:TRV) is trading back near its early April levels this morning following a disappointing third-quarter earnings report. The firm posted adjusted profits of $1.43 per share, coming in lower than analysts' estimated $2.35 per share. The property and casualty...Read More

There's a ton of big-name companies releasing quarterly reports todayU.S. stock futures are pointing to a mixed open for a huge day in earnings. Several big names have already reported this morning, including Dow Jones Industrial Average (DJI) components McDonald's (MCD), Travelers (TRV), United Technologies (UTX), and Procter & Gamble (PG), with the latter stock in particular seeing notable stren...Read More

Broad-based VTI is raking in cash month-to-date, even as traders flee S&P trackersThe month of October has a (somewhat deservedly) "spooky" reputation for stocks -- and although the S&P 500 Index (SPX) is narrowly above breakeven on a month-to-date basis, as of this writing, investors have been pulling capital out of its well-known exchange-traded fund (ETF) tracker, the SPDR S&P 500 ETF Trust (NY...Read More

The Moscow-headquartered firm increased gold production by 10% quarter on quarter and 9% year on year to 753koz. Volumes of ore mined rose by 38% quarter on quarter, driven by intensified mining activities at the Blagodatnoye mine in central Russia and the Natalka mine in Russia's far east."Polyus has had a strong third quarter, setting a new historical high in quarterly total gold output, with 75...Read More

The numbers were, however, 5.2% down year on year, while year-to-date revenues lagged by 1.2%, sliding from $85.5 million in 2018 to $84.1 million this year.Read More

"Dan's appointment is intended to accelerate operational and efficiency improvements at our North American sites, while continuing to enhance the region's safety performance," president and CEO Tom Palmer said.He also thanked White, who had held the role since the company merger in April and was previously Goldcorp's COO, for his service.Janney had previously been a technical consultant in Turkey...Read More

(IDEX Online) - Petra Diamonds announced a 23-percent drop in revenue to $61.6 million in Q1 2020 compared to $80.2 million in the same quarter of 2019. By volume, the number of carats fell from 626,541 to 603,626. The company said the drop in revenue resulted from lower diamond prices and volumes and a poorer product mix at Finsch, Williamson and Koffiefontein.Production increased 1 percent...Read More

(IDEX Online) - Diamcor Mining sold over 4,000 carats at its first Q3 tender and sale. With proceeds totaling $424,072.44, sales resulted in an average price of $105.15 per carat. Diamcor has been processing historical tailings and stockpiled materials at the Krone-Endora at Venetia Project, which led to an expected lower average price per carat. The company said price weaknesses in certain c...Read More

(IDEX Online) - Anglo American today (Tuesday) announced that De Beers' Q3 production dropped 14 percent to 7.4 million carats compared to Q3 2018 (8.7 million carats). The company said the lower figures were expected with the Victor mine in Canada coming to the end of its life and the transition of Venetia in South Africa to underground production. Year-to-date, De Beers' diamond p...Read More

Golden Mile goes back to the futureSPONSOREDgolden mile resourcesProtests turned violent Friday following the implementation of a 3-4% increase in Metro fares in capital Santiago, which resulted in the government declaring a state of emergency and invoking publicRead More

Canadian investment firm BMO said KGHM's copper sales figure of 167 kt - which was down 1% year on year - was 10% lower than expected, which it said was possibly due to the timing of deliveries.Read More

Golden Mile goes back to the futureSPONSOREDgolden mile resources"Anglo American has reported Q3/19 production and sales that were better than expected overall," said BMO analyst Edward Sterck.Read More