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

Oil prices are on the rise after a steep drop in U.S. stockpiles The Dow Jones Industrial Average (DJI) has bounced at midday, up 110 points as gains in the energy sector overshadow recession concerns following yet another yield-curve inversion. The boost for energy stocks comes amid a spike in oil prices, with October-dated crude futures up 2.2% at $56.11 per barrel, following a hefty decline in...Read More

The analyst said the stock's recent sell-off was overdoneJ.P. Morgan Securities initiated coverage on DouYu International Holdings Ltd (NASDAQ:DOYU) with an "overweight" rating and a $13 price target -- a 50% premium to last night's close at $8.64. Analyst Daniel Chen waxed optimistic over the Chinese gaming platform's position to capitalize on China's esports boom. Additionally, Chen said DOYU st...Read More

Plus, we zero in on two stocks with attractive short-term optionsU.S. stock markets will be closed on Monday, Sept. 2, for Labor Day. Ahead of the unofficial end to summer, we decided to take a look at the best and worst stocks to own during the shortened holiday week, historically. One equity that could jump is retailer Under Armour Inc (NYSE:UAA), while utilities concern PPL Corp (NYSE:PPL) coul...Read More

JetBlue does seem poised to bounceJetBlue Airways Corporation (NASDAQ:JBLU) is trying to bounce back after yesterday closing at its lowest point since April, last seen trading up 0.5% at $16.63. Helping JBLU's case is a bull note out of Deutsche Bank, which called the stock's recent pullback an attractive entry point. Most other analysts have a "hold" or "sell" rating on the airline name.There's p...Read More

Near-term option traders are more put-heavy than usual on MNSTThe shares of Monster Beverage Corp (NASDAQ:MNST) are up 1.3% to trade at $57.33 this morning, after being named a "top pick" at Credit Suisse. The brokerage firm glowed about thecompany's Reign performance energy drink, and said MNST stock's recent six-week drop makes for an attractive entry point for investors, calling the shares "c...Read More

The AutoCAD software developer cut its full-year forecast on trade uncertaintyAutodesk, Inc. (NASDAQ:ADSK) stock is down 11.1% to trade at $133.57, after the AutoCAD maker cut its full-year forecast, citing macro uncertainty amid U.S.-China trade tensions. This is offsetting the software concern's second-quarter earnings and revenue beats, and has ADSK stock on track for its biggest one-day percen...Read More

The analyst says the stock's recent lows provide a solid entry point for buyers The shares of U.K.-based biotech Myovant Sciences Ltd (NYSE:MYOV) are popping this morning on a bull note from Goldman Sachs. The analyst initiated coverage on the stock with a "buy" rating, and a $20 price target -- more than double last night's close of $7.86. Goldman said the stock's recent dip provides a good entry...Read More

Oil futures are up, though Dow Jones Industrial Average (DJI) futures are pointing to a sharp drop out of the gate for the blue-chip index this morning, as another yield-curve inversion stokes fears of a possible recession. Investors are nervously eyeing the yield spread between the 10-year and 2-year Treasury notes, which is near levels not seen since 2007. Plus, the 30-year note fell to a record...Read More

Zhaojin Mining, one of China's biggest gold miners, aims to double producti...Read full newsRead More

By Peter Hobson14 Min ReadLONDON (Reuters) - A forgery crisis is quietly roiling the world's gold industry.Gold bars fraudulently stamped with the logos of major refineries are being inserted into the global market to launder smuggled or illegal gold, refining and banking executives tell Reuters. The fakes are hard to detect, making them an ideal fund-runner for narcotics dealers or warlords.In th...Read More

The S&P just wrapped up a four-week losing streakWhen I first realized that last week marked a four-week losing streak for the S&P 500 Index (SPX), it didn't strike me as that interesting. When I delved into it, though, a four-week losing streak is more uncommon than I thought. One happened earlier this year in May, but that was the first one in over four years. The chart below marks four-week S&P...Read More

By K. Sathya Narayanan3 Min Read* Silver hits highest level since April 2017* Platinum scales near one-month high* GRAPHIC-Gold in various currencies: tmsnrt.rs/1JxbO6Y (Updates prices)Aug 28 (Reuters) - Gold eased on Wednesday, after rising over 1% in the previous session on fears of a possible recession, but held close to a more than six-year high on hopes of a rate cut by the U.S. central bank...Read More

By April Joyner4 Min ReadNEW YORK (Reuters) - A gauge of equities worldwide rose on Wednesday as data showing strong demand for oil helped subdue recession jitters, while sterling tumbled as Britain's prime minister moved to suspend parliament before the country's planned departure from the European Union.FILE PHOTO: A trader works on the trading floor at the New York Stock Exchange (NYSE) at the...Read More

Cormark Securities was lead underwriter of the offering at $1.06 per unit.Read More

While the ICSID tribunal ruled a $19 million fine imposed by the government in January 2016 was unreasonable and had impaired the company's investment in Colombia, it turned down the $575 million in damages the company sought.Colombia's comptroller revoked Prodeco's contract on the Calenturitas coal mine in Cesar because it believed the company had incorrectly calculated the royalties it should ha...Read More

The Diamond Development Initiative announced the appointment of Ian Rowe as its new Executive Director, with effect from September 2, 2019. His appointment follows the departure of Dorothee Gizenga, DDI's founding Executive Director, who will now take on a new role as Regional Director to lead DDI's expansion in Africa. She'll be based in her home country, in Kinshasa, DRC. DDI'...Read More

The Diamond Club West Coast, one of the three diamond bourses affiliated to the World Federation of Diamond Bourses (WFDB) in the USA, hosted a delegation from the GIA at its monthly luncheon meeting. An impressive number of the DCWC membership came to the bourse on South Hill Street in Los Angeles to meet and listen to Phillip Yantzer, Vice President of Laboratory Operations at GIA. Yantzer expl...Read More

Management of the September Hong Kong Jewellery & Gem Fair said that preparations for what is known as world's leading jewelry marketplace - are in full swing. The event will be held from September 16 to 20 at the AsiaWorld-Expo (AWE) and from September 18 to 22 at the Hong Kong Convention & Exhibition Centre (HKCEC). Show organizer Informa Markets said that beyond the show floor, the...Read More

The Gemological Institute of America (GIA) announced that its senior vice president and chief marketing officer Kathryn Kimmel will retire from GIA at the end of August, after 29 years with the organization. Kimmel played a key role in shaping the Institute's domestic and international marketing, public relations and communications outreach efforts. She steered the launch of GIA's digita...Read More

The Bank of Namibia said on Tuesday it expected the domestic economy to fall into a deeper contraction of 1.7% during 2019, down from its initial estimate of 0.3% positive growth in April.The central bank said the economy was expected to recover to positive growth of 0.8% and 1.2% in 2020 and 2021, respectively.AdvertisementThe projected 1.7% contraction of 1.7% for 2019 represents a further deter...Read More