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 2020, the Canadian Mining Hall of Fame will welcome four new inductees: P. Jerry Asp, Alex G. Balogh, Hans T.F. Lundberg and Eberhard (Ebe) Scherkus. The thirty-second annual induction dinner will take place on the evening of Jan. 9, 2020, in Constitution Hall at the Metro Toronto Convention Centre.The Northern Miner is a cofounding sponsor of the Hall of Fame, along with the Canadian Institute...Read More
This week's episode features a full-length interview with Rock Tech Lithium CEO Martin Stephan on the lithium market and its major driving forces. Topics include supply and demand, extraction techniques, and where it's all heading.Rock Tech Lithium CEO Martin StephanMr. Stephan is a manager and investment advisor with 25 years of experience with investments in natural resources. While focusing p...Read More
Eyeing its first major operations investment outside of Africa, platinum group metals (PGM) producer Impala Platinum Holdings has struck a friendly deal to buy Canadian pure-play palladium producer North American Palladium (TSX: PDL; US-OTC: PALDF) in an all-cash transaction valued at $1 billion.The proposed takeover gives Implats the Lac des ??les palladium mine, located 100 km northwest of Thund...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 limitedThe future of mining is (still) peopleSPONSOREDproudfootSince early August, the price is down by almost another 40%, which means we have a company with a market capitalisation...Read More
JOHANNESBURG (miningweekly.com) – South Africa is one of the world’s top three mega biodiverse nations along with Brazil and Indonesia, said Environment, Forestry and Fisheries Minister Barbara Creecy in her address to the Oppenheimer Research Conference (ORC).“We are thus one of the richest countries in terms of the diversity of plants and animals both marine and terrestria...Read More
Publisher's Note: Today we turn to Mr. James Dines for his latest take on the gold market, which has found a lot of resistance around $1,500 per ounce. However, if you look outside of the U.S.A., the price of gold is on a whole different trajectory.Read on for his insights from the latest issue of The Dines Letter.To your wealth,Nick Hodge Outsider Club Founder and PresidentThere is no connectio...Read More
The year is 1921...America is less than three years removed from triumph on the Western Front. The twenties are set to roar... and the Jazz Age is in swing.Warren Gamaliel Harding sits at the presidential desk. And the nation is sunk in depression...U.S. industrial production plunged 31% between 1920 and 1921. Stock prices plummeted 46%. And corporate profits, a crushing 92%.Unemployment ran as hi...Read More
Range bound trade in gold and silver should be broken this week and a new range should be formed. There will be good demand in gold as long as it trades over $1480. There will be good demand in silver as long as it trades over $1680. Copper, zinc and nickel are poised for a ten percent one way move. Industrial metal price moves will be dependent on perception of recession among traders. Chinese...Read More
Range bound trade in gold and silver should be broken this week and a new range should be formed. There will be good demand in gold as long as it trades over $1480. There will be good demand in silver as long as it trades over $1680. Copper, zinc and nickel are poised for a ten percent one way move. Industrial metal price moves will be dependent on perception of recession among traders. Chinese...Read More
High-level trade negotiations between the U.S. and China are set to resume later this weekThe Dow finished lower to start the week, with all eyes turned towards this week's high-level trade talks between the U.S. and China, set to take place Thursday in Washington, D.C. While White House economic advisor Larry Kudlow struck a positive tone earlier in regards to the two nations coming to an agreeme...Read More
Most of the action is occurring on the call sideOptions traders are blasting Wynn Resorts, Limited (NASDAQ:WYNN) today, as the stock tests a key level of support. With about an hour left in the session, around 44,000 calls have changed hands -- four times what's typically seen, and volume pacing in the 100th annual percentile -- compared to roughly 8,100 puts.Drilling down, the March 105 call is m...Read More
The broader stock market has barely budgedStocks have swung lower this afternoon, as skepticism creeps in ahead of this week's U.S-China trade talks. Several individual names are making big moves, though, including rare diseases specialist Akcea Therapeutics Inc (NASDAQ:AKCA), drug developer Sutro Biopharma Inc (NASDAQ:STRO), and osteoporosis expert Pfenex Inc (NYSEAMERICAN:PFNX). Here's a closer...Read More
Around 20 people were killed in an attack on a gold mining site in northern Burkina Faso, security sources said Saturday, the latest in a spate of violence generally blamed on a jihadist insurgency."Armed individuals attacked the gold mining site at Dolmane... leaving around 20 dead, mainly goldRead full newsRead More
The stock has struggled since its July IPOThe shares of Livongo Health Inc (NASDAQ:LVGO) were last seen trading up 15.5% at $20, after the digital healthcare management company announced a deal where it'll provide its service for all Federal Employees Health Benefits Program members who have Type 1 or Type 2 diabetes. This prompted a note from SVB Leerink, which said to "aggressively" buy the equi...Read More
Sixty North Gold Mining Ltd. is pleased to announce that it has entered into a non-binding letter of intent with New Discovery Mines Ltd.Read full newsRead More
Netflix will report earnings after the close on Oct. 16The shares of Netflix Inc (NASDAQ:NFLX) are higher today, up 1.2% to trade at $273.97, shaking off a price-target cut to $300 from $380 at Evercore. The analyst in coverage noted that the streaming field is becoming crowded, and due to Netflix's pricing, could be stuck in a "race to the bottom."The analyst caution over Netflix stock is well-fo...Read More
The UAW rejected GM's latest offer General Motors Company (NYSE:GM) stock is lower, after Sunday's negotiations between the automaker and the United Auto Workers (UAW) union took a "turn for the worse," according to Terry Dittes, who is the UAW vice president of the GM division. Specifically, the UAW rejected GM's offer of a new four-year labor contract, which Dittes said "did nothing to advance a...Read More
U.S.-China trade officials will meet in Washington, D.C., later this weekThe Dow Jones Industrial Average (DJI) is trading just below breakeven at midday, but has pared sharper losses from the morning. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) have climbedinto the black, though, after earlier being down on reports of China's reluctance to hammer out a trade dealin Washington, D.C., la...Read More
EnviroCopper is a privately-run mining company seeking to develop copper projects using an extraction method called "in situ- recovery" ("ISR"). London-lis...Read full newsRead More
After a September earnings disappointment, Adobe stock just met up with a key supportive trendlineShares of technology powerhouse Adobe Inc (NASDAQ:ADBE) are just about flat in today's session, trading fractionally higher at $277.21. The stock is down about 10.9% from its July 26 closing high of $311.27, with the pullback exacerbated by a negative earnings reaction in mid-September. However, ADBE...Read More