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
Energy stocks CRC and MDR are rallying back from brutal selling earlier in the weekThe energy sector is lighting up again today, thanks to well-received headlines for oil-and-gas name California Resources Corp (NYSE:CRC) and oilfield engineering specialist McDermott International Inc (NYSE:MDR). Both stocks are making big moves higher in early trading, regaining some lost ground after heavy losses...Read More
NFLX calls have been quite popular latelyThe shares of Netflix Inc (NASDAQ:NFLX) are down 2.2% to trade at $280.20 this morning, after some cautionary words from Evercore ISI. Based on recent data checks,, which include a slowdown in app download growth in September, the brokerage firm warned that third-quarter international subscriber growth could be lower than expected for the second straight q...Read More
The brokerage firm set a low $60 price target on the streaming stockPivotal Research smacked Roku Inc (NASDAQ:ROKU) stock with a "sell" rating this morning, and set its price target on the stock at $60 -- a 55% discount to last night's close at $133.76. The brokerage firm said ROKU stock looked "overvalued despite the recent pullback," and said increased competition in the streaming space "will li...Read More
The White House has reportedly excluded hundreds of Chinese goods from tariffsFutures on theDow Jones Industrial Average (DJI) are modestly above fair value this morning, with the blue-chip index poised to bounce back after Thursday's bearish reversal. Wall Street is eyeing the latest U.S.-China trade news, with Politico reporting President Donald Trump is excluding hundreds of Chinese goods from...Read More
The 2020 election could see some major changes in the American economic system.The U.S. 2020 election will be one unlike America has ever seen, predicts oneanalyst.With both sides growing increasingly divided, it's impossible to know which way the sentiment will shift, and what will happen as a result.But one Stansberry analyst has concerns about what the future holds, and how a radicalized presid...Read More
The multi-national miner has been "left behind in a gold rally" this year compared with its peers - down 23% versus the ASX 200 gold index gaining 40% - but according to UBS, it could make upRead More
"The export levy adversely impacts the outlook for Kagem, with its cash generation and profitability being drastically reduced," Gemfields says in its H1 results.Read More
A share purchase plan to raise an additional $2 million will also open to give smaller investors a chance to buy in at the same issue price of 23c, an 8% discount to the last closing price of 25c. Swick boss and major shareholder Kent Swick said the company was well placed for growth this financial year with a strong order book worth more than $350 million. "We are also seeing additional...Read More
Namibian diamond mining company Namdeb, a 50:50 joint venture between De Beers, itself a subsidiary of Anglo American plc, and the Namibian government has sold its Elizabeth Bay mine and associated marine assets to the Lewcor group. The basic deal is worth N$120-million. Namdeb ceased operations at Elizabeth Bay a year ago, because it could no longer run the mine economically. However, it also det...Read More
Stellar result for PolarXSPONSOREDpolarxBMO Capital Markets said a presentation in Arequipa by the minister in which he claimed the country's copper output could grow 27% on last year's levels by 2022 implied about 3 million tonnes per annum of new copper production."Although new mines such as Quellaveco will boost output, we are significantly more cautious on project delivery and see about 2.5Mt...Read More
In generations past, "hobbies for retirees" meant things like knitting, hanging out at the VFW, and flipping through TV Guide to see when Matlock would be on again.Sure, some people were a little more active, but the expectation was that once retired, the adventures in life were pretty much over.These days, it's possible to retire earlier, live longer, and stay healthier than ever before, so there...Read More
China's electric vehicle (EV) sales have declined year-over-year for the second straight month, on the heels of uncharacteristically slow growth this spring, indicating that contractions in cobalt supply may be partly offset by lower-than-anticipated battery demand.China announced in March that it planned to end a key subsidy for smaller EVs with a driving range below 250 km, and to halve the subs...Read More
A management consultant by training, Ostbo started at Eurochem in June, having previously worked for Norwegian fertiliser giant Yara International, most recently as CFO.Read More
Aim-listed BlueRock Diamonds has sold a 10.6 ct diamond for $103 000.This is the sixth diamond sold for more than $50 000 this year. Together, the six diamonds have generated revenues of $600 000.AdvertisementBlueRock executive chairperson Mike Houston says the sale of another high-value diamond continues to “underpin the increasing potential” of the Kareevlei mine, in K...Read More
Something really scary happened during the hours of Monday night and early Tuesday morning. The Federal Reserve lost control of its interest rate.I bet you didn't know that could happen. But it can, and it did. You see, overnight periods are actually important times for banks, hedge funds, and other major financial institutions.What these firms do in that time, essentially, is sell U.S. Treasur...Read More
There's only so much bullish news even the red-hot nickel market can absorb...Read full newsRead More
Next week will feature the final second-quarter GDP and fresh housing market dataThe Fed meeting may have come and gone, but the final stretch of September still offers plenty of data for Wall Street to digest. The last full week of the month featuresthe latest second-quarter gross domestic product (GDP) reading, along with more housing market data, and closely watched consumer spending stats. On...Read More
The S&P 500 held on for a third straight win, thoughThe Dow finished lower today, erasing gains in late-afternoon trading as Wall Street monitored ongoing U.S.-China trade talks. The blue-chip index traded up over 125 points at session high thanks to upbeat economic data and a big day for Microsoft (MSFT), but swung lower after a tweet from the editor of China's Global Times said Beijing was "not...Read More
PRVB stock is eyeing its lowest close in months, while IGC stock is set for a big win Stocks are pacing for a mixed finish this afternoon, with the Dow erasing early gains driven by Microsoft (MSFT) and upbeat economic data. Three other stocks on the move today are healthcare names Provention Bio Inc (NASDAQ:PRVB) and India Globalization Capital, Inc. (NYSEAMERICAN:IGC), as well as marijuana issu...Read More
New York, NY - Toronto, ON - September 19, 2019 - NexTech AR Solutions (the "Company" or "NexTech") (OTCQB: NEXCF) (CSE: NTAR) )(FSE: N29) is excited to announce the hiring of Barry Sandrew, Ph.D. as COO/Executive Producer of its AR Studios in Hollywood, California. The studio is producing immersive augmented reality content and applications for ...Read full newsRead More