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
If you ask most people when they'd like to retire, they'll tell you 'yesterday.'However, there's an interesting argument to be made for delaying retirement just one more year.According to the Employee Benefit Research Institute, the number of workers reporting that they expect to work past age 65 rose from 16 percent in 1991 to 48 percent last year.It seems like more workers are getting the messag...Read More
This episode features the provincial mining panel discussion from The Northern Miner's annual Canadian Mining Symposium held at Canada House in London, U.K., earlier this year. The panel consisted of Chad Norman Day, President, Tahltan Central Government; Steve Burleton, President and CEO, GT Gold; Dave Nikolejsin, Deputy Minister, Province of British Columbia, Ministry of Energy, Mines and Petrol...Read More
White Gold turns heads as exploration steps up a gearSPONSOREDwhite gold corpSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedPoster South Africa mine regeneration on trackSPONSOREDorion minerals"He has changed a lot of the rules, released a lot of permits"SPONSOREDA roadshow for a high-yielding bond that would have done the trick was pulled by Sirius in early August...Read More
Pangolin Diamonds on Monday closed a nonbrokered private placement financing for aggregated gross proceeds of $848 860.The proceeds will be used to continue exploration at the company’s wholly owned exploration projects in Botswana, including the Phase 1 drilling programme at MSC, the company’s advanced-stage exploration project.AdvertisementDrilling is set to begin in quarter four of...Read More
MOSCOW – Russian diamond producer Alrosa said its rough and polished diamond sales stood at $181.8-million in August, its second lowest monthly sales figure this year."The diamond market is still experiencing headwinds from both macroeconomic and industry specific factors, which have an adverse impact on the midstream," said Evgeny Agureev, an executive at Alrosa.AdvertisementTo wa...Read More
Mining royalty and streaming company Osisko Gold Royalties has entered into a letter of intent (LoI) to form an entity to acquire embattled diamond miner Stornoway Diamonds, which was granted creditor protection by a Quebec court on Monday.Osisko and secured creditors would acquire “all, or substantially all, of the assets and properties of Stornoway and assume the debts and liabilities owin...Read More
In a translated commitment letter to society, the Instituto Brasileiro de Mineração (IBRAM) said yesterday it was committed to a profound transformation of the mining industry, processes and techniques, relationships with people and with nature.It outlined commitments relating to areas including risk management, tailings dams, health and safety of workers, improving environmental imp...Read More
Going into the 70s, America was self-sufficient for just about everything it needed. From base metals to cutting-edge equipment.What happened and where did we go wrong?Manufacturing's decline is well documented. But what about those commodities?The U.S. quadrupled its minerals trade deficit between 1973 and 1980.It has only gotten worse. The U.S. Geological Survey tracks 88 commodities. The U.S. i...Read More
The Western Australia-based company is looking to build visibility around growth revenues and earnings from new mine-production products, which would complement its existing exploration and production drilling consumables and technology businesses."A successful commercialisation of IMD's proprietary multi-sensor BlastDog in [the second half of this fiscal year] would represent a significant divers...Read More
An antitrust probe into Google weighed on the tech sectorThe Dow snagged its fourth straight win today, good for its longest winning streak since July 15. Trade tailwinds had the Dow up almost 100 points at its session highs to tap the 26,900 level, and despite paring most of those gains, the blue-chip index ultimately finishedin the black. However, the S&P 500 and Nasdaq finished mixed, with tec...Read More
Reaches total of five BEYOND / HELLO locations in Pennsylvania New openings to create an estimated 50+ jobs to Scranton and Johnstown Regions PHILADELPHIA,...Read full newsRead More
Globalization of natural gas markets, OPEC's struggle to balance oil supply and price, and platinum coming to the fore as an investment vehicle...Read full newsRead More
The FDA is coming down on Juul's marketing practicesTaking a look at recent options activity, two names to take note of are Beyond Meat Inc (NASDAQ:BYND) and Altria Group Inc (NYSE:MO). Both showed up on a list from Schaeffer's Senior Quantitative Analyst Rocky White of stocks that have seen the most weekly options volume in the past 10 days. Here's a breakdown of the trading on BYND and MO. Look...Read More
ENR is looking to test its 200-day moving averageOne stock to watch today is Energizer Holdings Inc (NYSE:ENR), after BofA-Merrill Lynch upgraded the battery maker to "buy" from "underperform," and moved its price target up by $13, to $48. This has ENR shares trading 5% higher at $42.67, testing the $42-$43 region that capped its last breakout attempt in early August, and moving within roughly 1 p...Read More
Copper last week hit a year-to-date low of $5,518 per tonne in the London market...Read full newsRead More
Copper last week hit a year-to-date low of $5,518 per tonne in the London market...Read full newsRead More
The weekly 9/13 140-strike call is popular todayMicrosoft Corporation (NASDAQ:MSFT) has been an attractive target for options bulls in recent months. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), options traders have bought to open 2.22 calls for each put in the last 50 days. What's more, this ratio ranks in the 93rd annual percentile, me...Read More
Both names reported poorly received treatment updates todayStocks are kicking the week off with modest gains, as investors continue to monitor developments between the U.S. and China. Three stocks making big moves are drug names Neurotrope Inc (NASDAQ:NTRP) and Amgen Inc. (NASDAQ:AMGN), as well as cloud technology issue Nutanix Inc (NASDAQ:NTNX). Below, we'll take a look at what's driving the shar...Read More
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Anaplan stock is on pace to close below previously reliable trendline supportSoftware specialist Anaplan Inc (NYSE:PLAN) is suffering a notable pullback this afternoon, down 4.7% at $49.45, at last check. As a result of today's dip, the stock is on pace to close beneath an off-the-radar moving average that's had big bullish implications for the stock in the past.The equity has been trading public...Read More