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
Short interest dropped drastically during the most recent reporting periodDrugstore name Rite Aid Corporation (NYSE:RAD) is quickly erasing yesterday's post-earnings gains, 8.4% lower at $7.17 at last check. Today's pullback is far from unusual for the shares, however, with the stock within one standard deviation of a key trendline -- one which holds historically bearish implications. Specifical...Read More
Gold prospecting in the San Gabriel Mountains started in the mid-1800s and continues today.Read full newsRead More
September 25, 2019 (ACCESSWIRE via COMTEX) -- VANCOUVER, BC / ACCESSWIRE / September 25, 2019 / First Mining Gold Corp. (Read full newsRead More
Applied Genetic Technologies' eye disease drug met its early-stage goalsTwo drug stocks are cheering promising trial data this morning. First up is blue-chip Pfizer Inc. (NYSE:PFE), which reported positive results in its late-stage trials of an oral drug for severe eczema. The treatment met the main goal of the study, and the full results will be presented at an upcoming conference next month in...Read More
It's been a wild ride for BOX stock this monthBox Inc (NYSE:BOX) is trading down 5% at $16.21, after J.P. Morgan Securities downgraded the shares to "underweight" from "neutral," citing increased competition from Microsoft (MSFT) and Alphabet's (GOOGL) Google. The brokerage firm said a survey it ran showed many Box customers are considering changing to one of these two competitors, and many are at...Read More
MTCH is already up 73% in 2019Evercore ISI lifted its rating on Match Group Inc (NASDAQ:MTCH) to "outperform" from "in line," and boosted its price target to $95 from $78 -- a 33% premium to last night's close at $71.44, and just below the stock's Aug. 7 record high of $95.31. In reaction, MTCH stock is up 3.6% at $74.01.Match Group shares have already turned in a strong performance in 2019, up 73...Read More
Las Vegas Sands is set to replace Nektar Therapeutics on the S&P 500 next weekIt was announced last night that casino name Las Vegas Sands Corp. (NYSE:LVS) will be joining the S&P 500 Index (SPX), replacing Nektar Therapeutics (NKTR), which is headed to the S&P MidCap 400 Index (MID), prior to the open next Thursday, Oct. 3. The equity is up 4.7% at $58.48 in response, set for its highest close in...Read More
Several analysts have handed out bear notesCarnival Corp (NYSE:CCL) is suffering another blow this morning, mere days after the Thomas Cook collapse. In fact, CCL is down 1.8% lower at $43.18, still reeling on the back of yesterday's dismal earnings report and lowered fiscal year profit forecast. The company cited higher fuel prices for the weak outlook, despite reporting a third-quarter earnings...Read More
The U.S. and China set a date for their next round of trade negotiationsFutures on the Dow Jones Industrial Average (DJI) are above fair value this morning, after the U.S. and China said they will hold two-day high-level trade negotiations beginning on Thursday, Oct. 11, in Washington. However, pre-market gains are modest, as traders digest an onslaught of economic reports, including a slimmer-tha...Read More
IronRidge derisks through diverse discoveries SPONSOREDironridge resources "I will make an apology to start with….Read More
On the second anniversary of becoming a HeForShe Thematic Champion and partnering with UN Women, De Beers Group on Thursday announced that more than 700 women micro-entrepreneurs in Namibia and South Africa have successfully completed their training.The Accelerating Women Owned Micro-Enterprises (Awome) programme was also recently launched in Botswana, creating more opportunities for women micro-e...Read More
Angola is considering the creation of a diamond exchange. This was stated by the country’s Mineral Resources and Petroleum Minister, Diamantino Azevedo, during the recent inauguration of a diamond polishing facility (Angola’s third) in Luanda. (Diamantino means ‘diamantine‘.)Currently, all the country’s diamonds that are produced by semi-industrial and artisanal opera...Read More
Fall is a beautiful and easily enjoyable time of year. With rising heating costs, the holidays on the horizon, and then tax season looming shortly thereafter, it can bring serious financial stress to some people, though.The good news is there are plenty of ways to save money in the fall. With these frugal tips, not only can you survive fall, you can enjoy yourself and revel in the season, too!Save...Read More
I'm all for treating myself to some of life's luxuries, but I won't splurge to the point where it starts to hurt my finances.Sadly, for a lot of Americans the latter is true.In fact, the average US adult spends $1,497 a month on nonessential items, according to a recent survey conducted by OnePoll. That's roughly $18,000 a year on things we can all do without.The survey revealed that the average p...Read More
LONDON – De Beers is continuing its policy of offering almost unprecedented flexibility to diamond buyers as the mining company works to fend off a slump in demand for the gems, according to people familiar with the situation.The Anglo American unit extended the policy from its August sale to customers this week in Botswana, according to the people, who asked not to be identified as the matt...Read More
Slow news week huh?You know, Eddie Murphy used to have a stand-up bit about a man coming out of his mistress's house in plain view of his wife. When she confronts him about it, all he says is: "It wasn't me."And after simply repeating that line a few times, she ultimately just moves on and lets the whole thing go. I kind of feel like that's Donald Trump right now. Multiple national security prof...Read More
BOCA RATON, Fla., Sept. 25, 2019 /CNW/ -- Jushi Holdings Inc. (Read full newsRead More
Technical420 is dedicated to educating investors about the risk and rewards of investing in the cannabis industry. We highlight companies that have the most growth potential by utilizing our proprietary analytics platform.Read full newsRead More
The Dow was down more than 160 points at its session lowsAfter trading down over 160 points at its session lows, the Dow staged a late-day rebound -- and briefly explored positive territory -- before ultimately ending lower. Stocks pared their losses in the eleventh hour, thanks to positive trade comments from Chinese foreign minister Wang Yi, who said the U.S. has shown goodwill by waiving tariff...Read More
Renforth Resources Inc. has completed a second closing of the previously announced private placement with the issuance of 1,240,000 common share units.Read full newsRead More