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
The Angolan government is currently engaged in an international roadshow to showcase mineral concessions that the country will make available to local and foreign investors. The roadshow started with a presentation in Luanda on August 27, with the second presentation to be held in Dubai on September 10, followed by Beijing on September 16 and then ending in London on September 20. The intent is to...Read More
Stellar result for PolarXSPONSOREDpolarxHole 34 extends mineralisation to the north to an area never drill-tested before and returned 819.9m grading 0.53% copper, 0.24 grams per tonne gold and 7.83g/t silver for 0.Read More
LSE-listed Gem Diamonds continues with the successful implementation of its business transformation programme, which is aimed at achieving $100-million in incremental revenue, productivity improvements and cost savings to the end of 2021.Reporting on the diamond miner’s results for the six months ended June 30, CE Clifford Elphick on Thursday said the company had already achieved $42-million...Read More
Alrosa said on Thursday its supervisory board will consider terminating the Russian diamond miner's participation in the share capital of Alrosa-Nyurba on September 10 by way of voluntary liquidation of Alrosa-Nyurba.The voluntary liquidation, in case it gets an approval from Alrosa's board and then from Alrosa-Nyurba's board and shareholders, would be completed by the end of 2020, it...Read More
Mining Weekly and Engineering News Senior Deputy Editor Martin Zhuwakinyu unpacks the investments in Zimbabwe’s mining sector.AdvertisementRead More
Theta's triumphant return to forgotten South Africa gold rush siteSPONSOREDtheta gold minesAmani Gold fires up ambitious growth moves in CongoSPONSOREDamani goldWhite Rock ready to roll with NSW gold projectSPONSOREDwhite rock mineralsThickened tailings deposition for closureSPONSOREDsrk consultingIn past cycles, investment returns among the smallest companies in the mining industry would have...Read More
The hastened ban follows the relaxation of a previous ore export ban in 2017. Market analyst Wood Mackenzie believes the move has serious implications for nickel supply, particularly in China, but also Indonesia.The nickel price rose last week from US$15,779 per tonne on August 27 to $18,004 on August 30 - a fresh five-year high - lingering at elevated levels on Wednesday at $17,905/t.While the ea...Read More
Silver Viper Minerals Corp. (TSXV:VIPR) intends to undertake a private placement financing to raise gross proceeds of up to $3.0 million.Read full newsRead More
Renforth Resources Inc. (CSE:RFR, OTC:RFHRF) ("Renforth" or the "Company") is pleased to announce the discovery of a surface copper occurrence, with grab samples as high as 8.08% Cu, on Renforth's wholly owned Malartic West property, contiguous to the Canadian Malartic Mine property in Malartic, Quebec.Read full newsRead More
Ian Ball, president and CEO of Abitibi Royalties discusses drivers behind the stock's all-time high.Read full newsRead More
Ian Ball, president and CEO of Abitibi Royalties discusses drivers behind the stock's all-time high.Read full newsRead More
Developments out of Hong Kong and China boosted global marketsThe Dow logged a triple-digit gain today, with the blue-chip's recovery sparked by a positive political development in Hong Kong and upbeat economic data from China. This helped drive a rally in tech stocks, with Intel (INTC) shares gaining more than 4%. Investors also digested a raft of Fed speeches, with comments from New York Fed Pre...Read More
Options action on 2 of today's biggest winnersBox Inc (NYSE:BOX) is one of the best stocks today, rallying 11.8% to $16.60, aiming to take out its 50-day moving average for the first time since mid-May. Sparking the rally is news that activist hedge fund Starboard Value has taken a 7.5% stake in the cloud concern. In response, options trading on BOX is through the roof. At last check, more than 11...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
Nexus Gold Corp is a Canadian-based gold exploration and development company. What makes Nexus unique is a very large project portfolio for our market cap.Read full newsRead More
SBUX has tended to make outsized moves in the past 12 months, compared to what its options have priced inStarbucks Corporation (NASDAQ:SBUX) surged nearly 9% after the coffee concern's impressive turn in the earnings confessional in late July -- hitting an all-time peak of $99.72 along the way. The shares have since consolidated atop their rising 20-day moving average and 50% year-to-date return....Read More
The shares are both boasting double-digit percentage gains todayStocks have made a comeback today, led by big gains in the energy sector. Three specific stocks making notable moves are healthcare names Clearside Biomedical Inc (NASDAQ:CLSD) and Idera Pharmaceuticals Inc (NASDAQ:IDRA), as well as flight concern JetBlue Airways Corporation (NASDAQ:JBLU). Below, we'll take a look at what's driving...Read More
IYR hit a 12-year peak earlierThe real estate investment trust (REIT) sector has turned in an impressive performance on the charts this year, as evidenced by the price action in the iShares U.S. Real Estate ETF (ETF). The shares of the exchange-traded fund (ETF) have surged 25.4% year-to-date (YTD), and hit the $94.20 mark earlier today -- a chip-shot away from their February 2007 record high of $...Read More
Stocks are enjoying a relief rally todayThe Dow Jones Industrial Average (DJI) is trading higher today, with stocks benefiting from positive market news from around the globe. Mainly, traders are applauding upbeat headlines out of Hong Kong, while also keeping tabs on a flurry of Fed speeches. The tech sector is again outperforming, and energy stocks are some of the top gainers, too, rising along...Read More
The software maker turned in a surprising second-quarter profitCoupa Software Inc (NASDAQ:COUP) stock is red-hot today, after the software firm reported a second-quarter adjusted profit of 7 cents per share, compared to expectations for a per-share loss of 10 cents. COUP also said revenue jumped 54% to a stronger-than-forecast $95.1 million on Business Spend Management (BSM) subscription growth, a...Read More