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

RBC upgraded the shares to "outperform"Pinterest Inc (NYSE:PINS) will report third-quarter earnings next Thursday, Oct. 31. Ahead of the event, PINS stock got a boost of confidence from RBC, which upgraded the equity to "outperform" from "sector perform." The analyst also hiked its price target on the shares to $35 from $30, representing expected upside of more than 38% from Friday's close of $25....Read More

A dam collapsed at a gold mine in Russia's Krasnoyarsk region, leaving at least 15 people dead, the Ministry of Emergency Situations said on its website.Read full newsRead More

A dam collapse at a gold mine in Russia's Krasnoyarsk region left at least 12 people dead, the Ministry of Emergency Situations said on its website.Read full newsRead More

Raymond James thinks AAPL could surge 20%A bull note from Raymond James had Apple Inc (NASDAQ:AAPL) trading at a brand-new all-time high of $240.28 today, and it was up 1.5% at $239.90 at last check. The analyst lifted its target price to a Street high of $280 from $250 -- a roughly 20% premium to Friday's close -- foreseeing "more stable near-term conditions"ahead of the company's iPhone 11 and S...Read More

CMG has added 96% in 2019 alreadyFood chain Chipotle Mexican Grill, Inc. (NYSE:CMG) is starting the week off on the right foot, thanks to a fresh dose ofanalyst praise. Ahead of earnings, which are slated for release after the close tomorrow, Oct. 22, brokerage firm BTIG hiked its price target to $890 from $845. The analyst said margins and comparable-store sales could hit "historic levels" andex...Read More

Put buying has easily surpassed call buying in recent weekseBay Inc (NASDAQ:EBAY) is trading up 1% today at $39.20, even though Deutsche Bank this morning downgraded its rating on the e-commerce name to "hold' from "buy," while trimming its price target to $42 from $46. The brokerage note said eBay needs to differentiate its business if it wants to be able to challenge competitors like Amazon.com...Read More

Update on markets lists eight leading countries, including US, China and UK, as vulnerableRead full newsRead More

There's a lot of pessimism surrounding HPE sharesThe shares of Hewlett Packard Enterprise Co (NYSE:HPE) are up 3.3% to trade at $15.85 this morning, after BofA-Merrill Lynch issued a rare double upgrade on the tech firm. The brokerage firm upped its rating to "buy" from "underperform," and set a price objective of $19 from $13. The brokerage firm waxed optimistic about the company's free cash flow...Read More

The FDA just approved the drug stock's topical Amzeeq treatment Shares of the dermatological concern Foamix Pharmaceuticals Ltd (NASDAQ:FOMX) are looking to start the week higher, after the firm said it received approval from the Food and Drug Administration (FDA) for its topical acne treatment Amzeeq -- a reformulated version of the antibiotic minocycline, which has limited use due to some aver...Read More

A number of major companies are scheduled to report earnings this weekDow Jones Industrial Average (DJI) futures are trading above fair value this morning, as Wall Street prepares for a huge week on the earnings front. While the schedule is somewhat light today, traders also have trade talks between the U.S. and China to monitor, with White House economic advisor Larry Kudlow telling Fox Business...Read More

The sentiment backdrop favors an SPX breakout, even as the index trades near the top of its range"...the SPX enters options expiration week just below another layer of historical resistance: the round 3,000 millennium mark, which is just below the SPX's 20% year-to-date (YTD) gain at 3,008. Bonds, as represented by the iShares 20+ Year Treasury Bond ETF (TLT - 140.44), experienced a sharp retreat...Read More

Production at Yanfolila was up by 11% quarter on quarter and 37% year on year to 30,484oz of gold poured.Hummingbird's strong performance was helped by a rise in gold prices. Average gold prices for Q3 were US$1,422/oz, up from US$1,311/oz in Q2 and US$1,217 in Q3 2018, the company said"We are pleased to report that for the fourth quarter in a row production has increased and costs have decreased....Read More

Golden Mile goes back to the futureSPONSOREDgolden mile resourcesThe company announced four new renewable power agreements for the Escondida and Spence operations.It is part of BHP's goal to shift to 100% renewable energy at the mines from the mid-2020s.Golden Mile goes back to the futureSPONSOREDgolden mile resources"These new renewable energy contracts will increase flexibility for our power por...Read More

Golden Mile goes back to the futureSPONSOREDgolden mile resourcesJiangxi Copper, which has been in talks with First Quantum about its Zambia copper assets, is a key stakeholder in new major First Quantum shareholder Pangaea Investment Management. PIM has 10.8% of First Quantum and an option to go to more than 16%.Investment bank Jefferies says while most equity investors have been unwilling to buy...Read More

The trade war is taking a heavy toll on China. Chinese growth slowed to 6% in the third quarter, slower than expected and the slowest growth rate since 1992.That 6% growth represents a sharp drop from the 6.8% growth China registered in the first quarter of 2018. China’s growth still exceeds developed economies by far, but it is notably weak relative to China’s past performance and rel...Read More

During the 9 to 5, 40 hour a week working life, there's not a lot of time for your passions. Between work and family obligations, you're lucky to fit in a few hours to relax and flex your creativity on the weekends.Once you retire, though, you've suddenly got an ocean of time to fill. You can totally indulge in your hobbies, and if you like, you can even use them to make some extra side cash.If yo...Read More

Oriole's deepening footprint in West Africa is paying offSPONSOREDoriole resourcesPoster South Africa mine regeneration on trackSPONSOREDorion mineralsSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftOn balance, and despite a totally understandable rejection of Guinea as an attractive in...Read More

A wave of nationwide protests has shaken Ecuador and investor confidence in the emerging mining jurisdiction.As part of President Lenin Moreno's US$4.2-billion financial deal with the International Monetary Fund to fix the oil-exporting nation's strained finances, the Ecuadorian government announced on Oct. 2 a package of austerity measures, including an end to four-decade-old fuel subsidies.Witho...Read More

London-listed Petra Diamonds is on track to achieve its full year production target of about 3.8-million carats, despite a challenging diamond market.CE Richard Duffy on Monday stated that the company’s cashflow would benefit from the sale of an exceptional 20.08 ct Type II blue diamond recently recovered from its mine in Cullinan, South Africa, and implementation of the company’s Proj...Read More

While the world waits to see if a deal can be reached between China and the U.S., there is another war that has a clear winner... the war for the next generation of resources.For decades, China has not so quietly monopolized the next generation of resources, specifically rare earths.The United States is nearly 100% reliant on China's rare earths production and exports.It was reminded of that back...Read More