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
There's a lack of sideline cash to fuel future rallies for EOGIn early August, oil name EOG Resources Inc's (NYSE:EOG) post-earnings pop was quickly halted at its 40-day moving average. The trendline was perched near $88 at the time -- a previously supportive region that also coincides with EOG's $50 billion market cap. The security is now trading below a trendline connecting higher lows since 200...Read More
Video game stocks have been under pressure from political headwinds latelyThe shares of Zynga Inc (NASDAQ:ZNGA) are up 3.4% to trade at $5.79 this morning, after Wedbush named the video game maker to its "Best Ideas" list. The brokerage firm raved about the company's catalog of titles such as"Merge Dragons!" and "Empires & Puzzles," and noted that upcoming releases could drive growth through 2021...Read More
J. Jill reported second quarter revenue that exceeded analysts' estimates Retail name J. Jill Inc (NYSE:JILL) is in focus this morning, with the company reporting a strong second quarter this morning. The company posted revenue that beat analysts' expectations, citing positive traffic over the summer, and a smaller-than-expected loss for the period. The firm also lifted its full-year guidance. In...Read More
Oil futures are up, as well Dow Jones Industrial Average (DJI) futures are trading well above fair value this morning, getting a boost from Johnson & Johnson (JNJ) stock. This is offsetting uncertainty surrounding the latest U.S.-China trade headlines, after a spokesperson for China's Foreign Ministry said they were unaware of a phone call between the two countries that was touted by U.S. Presiden...Read More
PZZA put options have been very popular Papa John's International, Inc. (NASDAQ:PZZA) is trading up 6.8% before the open, thanks to news the pizza chain has named Rob Lynch, formerly the President at Arby's Restaurant Group, as its CEO. This price action would have PZZA shares above the 50-day moving average, which has been acting as resistance in recent weeks, and in the meantime, some traders wh...Read More
Undeniably, prosperity flowed from the gold mines of Cripple Creek into the streets of Colorado Springs.Read full newsRead More
According to the World Economic Forum, the amount of meat in the average North American diet will be impossible to maintain by 2050, if we are to meet our planned sustainable development goals. [1]Trends in the market are showing continued demand for plant-based protein, with companies such as Beyond Meat (NASDAQ:BYND), Impossible Foods, Maple Leaf Foods and so on, offering their own take on nutri...Read More
The fear index popped last week, which means SPY chart support will be in the spotlightWith the stock market stakes steadily rising in recent weeks on seemingly every front -- from the dreaded yield curve inversions that have dogged traders in August to Friday's fresh escalations in the U.S.-China trade war -- the Cboe Volatility Index (VIX) appears to be gradually awakening from its slumber. The...Read More
This analyst predicts a major market moving event happening as soon as August 13.After nearly 27-years studying the stock market as a hedge fund manager, broker, and analyst, onesenior analyst thought he was prepared for everything Mr. Market threw his way.But last December he got word of a huge market event that's now less than 60 days away.He sent an urgent note to over 75,000 people who, over...Read More
By Reuters Staff1 Min ReadFILE PHOTO: A new home is seen under construction in Los Angeles, California, U.S. July 30, 2018. REUTERS/Lucy NicholsonWASHINGTON (Reuters) - U.S. house prices rose solidly in June, but the pace of appreciation is slowing, which together with declining mortgage rates could boost the struggling housing market.The Federal Housing Finance Agency (FHFA) said on Tuesday its h...Read More
Gabriel said the initial closing had brought proceeds of $18.7 million, with units offered at 32.25c.Read More
American Pacific will initially issue $2 million of convertible notes to Amvest.The finance facility comprises a $37 million construction term loan and an $8 million cost overrun facility.The term sheet grants exclusivity to Amvest on the transactions up until November 15, 2019. American Pacific has also agreed to pay Amvest for its costs and expenses of conducting due diligence and has alrea...Read More
The ASX-listed company (SWK) posted a modest full-year net profit after tax of A$1 million, up from a $1 million loss a year earlier. Group EBITDA was $25.5 million, up 47% on FY18, while group EBIT was $4.6 million, up 929%.Drilling business revenue was $143 million and EBITDA was $28.2 million, in line with guidance.The company described the result as the best earnings "in years" for the dr...Read More
The Times of India (ToI) reported that India's diamond cutting and polishing industry will be deferring purchases of about $2 billion as it is currently sitting on roughly $10 billion worth of rough stocks. ToI said that the purchase of rough stones by diamantaires of Surat and Mumbai between January and July this year has fallen to the lowest in the past ten years. The world's two large...Read More
Four Hong Kong-based international trade shows, organized by the Hong Kong Trade Development Council (HKTDC) concluded successfully in August, the HKTDC reported. The four shows - the 30th HKTDC Food Expo; the11th HKTDC Hong Kong International Tea Fair; the fourth HKTDC Beauty & Wellness Expo; the sixth HKTDC Home Delights Expo; and the International Conference of the Modernization of Chinese...Read More
Photo by Sylvia Pond. MyYellowKnife.com reported that nine Indigenous girls and their guardians from the Northwestern Territories (NWT), Nunavut and Northern Ontario were sent to the 2019 IMPACT Camp at the University of Waterloo by De Beers Group. The IMPACT Camp is a hands-on science camp where the girls got to experiment, learn about science, engineering and other focuses including careers to b...Read More
Reuters reported that China's biggest e-commerce company Alibaba Group Holding Ltd has delayed a listing in Hong Kong worth up to $15 billion "amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters." "Alibaba's Hong Kong-listing plans are being closely watched by the financial community for indications on the business environment in...Read More
Terramin leads gold-copper revival in South AustraliaSPONSOREDterramin australiaThickened tailings deposition for closureSPONSOREDsrk consultingDe-risking delivers value in GalenaSPONSOREDgalena miningPeel cracks Cobar codeSPONSOREDpeel miningThe close relationship is in the end phase because the automotive industry is at last free to enter new and more exciting relationships and is no longer tota...Read More
This episode features the Next-Gen Leaders Panel at The Northern Miner's annual Canadian Mining Symposium held at Canada House in London, U.K., earlier this year. The panel consisted of Frederick Bell, managing director, Elemental Royalties; Shaun Usmar, CEO, Triple Flag Mining Finance; Olivia Markham, director and portfolio manager, BlackRock; and Dean Braunsteiner, national mining leader, PwC Ca...Read More
The study analysed the participation of mining and hydrocarbons extraction on public finances and the economy of the country, as well as their social-environmental impacts.Read More