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

Traders are also eyeing strong July retail salesThe Dow Jones Industrial Average (DJI) has traded on both sides of breakeven today, but was last seen higher on a bigger-than-anticipated rise in July retail sales and better-than-expected earnings from Walmart (WMT). Traders are also eyeing a 2.3% increase in second-quarter productivity. However, disappointing earnings from Cisco Systems (CSCO) are...Read More

Cisco stock has now shed 19% since its mid-July peakWhile the broader stock market is higher in early trading, blue chip Cisco Systems, Inc. (NASDAQ:CSCO) is sharply lower after earnings. While earnings and revenue came in above estimates in its fiscal fourth quarter, Cisco's current-quarter and full-year guidance fell short of expectations. The tech titan cited the impending U.S. tariffs and plum...Read More

A slew of retailers will report earnings next weekThe Fed will be in focus next week, with the central bank's annual symposiumin Jackson Hole, Wyoming, kicking off on Thursday. Prior to that, though, Wall Street will dissect the Federal Open Market Committee (FOMC)July meeting minutes, looking for clues to the future pace of rate cuts. As far as earnings go, several retail names will take the spot...Read More

Madoff whistleblower Markopolis has released a scathing report on GEIt's been a busy stretch for General Electric Company (NYSE:GE) news, with the shares dropping on Monday following comments from one noted GE bear. Today, the stock is down 5.6% to trade at $8.52, on reports Nelson Peltz's Trian Fund Management cut its stake in GE. Plus, a new report from Madoff whistleblower Harry Markopolos has...Read More

Wedbush cut its price target ahead of the retailer's earnings releaseShares of retail giant Nordstrom, Inc. (NYSE:JWN) are moving lower again this morning, extending yesterday's Macy's (M)-induced sell-off, as traders digest a fresh bear note out of Wedbush. Ahead of Nordstrom's own earnings report next week, the brokerage firmcut its price target on JWN stock to $24 from $35 -- a nearly 8% disco...Read More

Recent traders took aim at the $300 level for NFLXNetflix Inc (NASDAQ:NFLX) is slightly higher after Soros Fund Management dissolved its stake in the company. The stock is up 0.2% at $299.70, following its lowest close in eight months yesterday. Looking more broadly, NFLX has been struggling to gain ground since its post-earnings bear gap in late July. The stock's attempts to close this gap were m...Read More

Walmart earnings came in above the consensus estimate Dow Jones Industrial Average (DJI) futures are signaling a higher open, as upbeat trade headlines help ease the sting of yesterday's ugly stock sell-off. Earlier today, a spokesperson for China's Ministry of Foreign Affairs expressed "hopes the U.S. will meet China halfway and implement the consensus reached by the two leaders during their meet...Read More

SQ shares gapped lower after earnings earlier this monthJack Dorsey's Square Inc (NYSE:SQ) sold off earlier this month on a disappointing outlook, but J.P. Morgan Securities in a note this morning said traders should be into the weakness. More specifically, the brokerage firm believes U.S. payments processors as a whole are set to outperform over the next year, and it sees the most growth for Squa...Read More

The company reported Q2 EBITDA of US$12.6 million, compared with $28.9 million in the June quarter last year, while operating cash flows before movements in working capital of $12.8 million in Q2 2019 dipped from $29.5 million in Q2 2018.Sierra said revenues fell $12 million year-on-year to $50.7 million in Q2 2019 "due to lower throughput and higher treatment and refining charges incurred at Yaur...Read More

Yahoo News reported that China is taking on the world's diamond miners, using sophisticated technology to offer increasingly cheap and real-looking knockoffs that threaten to upend the lucrative fine jewelry market. The technological disruption seen in medicine, autos, banking and countless other sectors is spilling over into diamonds, where an oligopoly of just four miners controls more than...Read More

Some 18 months into its four-year business transformation programme, diamond miner Gem Diamonds is on track to deliver its targeted $100-million in incremental revenue, productivity improvements and cost savings by the end of 2021.Since implementation, the LSE-listed group has achieved $42-million in cost savings, net of implementation costs and fees.Advertisement“It is pleasing to report th...Read More

As part of its efforts to advance professional skills in jewelry making and design, the MJSA Education Foundation recently awarded a total of $10,000 in scholarship funding to five students. That amount includes a $2,500 scholarship provided by the Rhode Island-based Providence Jewelers Club Foundation, for students attending eligible schools in that state. The five winners range from an undergrad...Read More

Asian gem lab group AIGS is organizing a five-day cultural trip to the ruby mining area of Mogok in Myanmar in mid-October coinciding with the ICA (International Colored Gemstone Association) Congress. The trip, which has been organized by AIGS (Asian Institute of Gemological Sciences) on several occasions in the past, is available to those who wish to find out more about the remote mining origin...Read More

Junior miner Stornoway Diamond Corp, the owner and operator of the Renard mine in Quebec, has extended the deadline for bid submissions for a buyer or major investor by two months to September 16.This comes as the company, which is relying on bridging finance to operate, has failed to receive an acceptable nonbinding indication of interest by its initial deadline of July 15.AdvertisementStornoway...Read More

Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumProtestors are demanding more local employment opportunities and the use of local companies rather than contractors from outside the region, as well as greater social investment and an end to whatRead More

Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumHaving spent much of the year cautioning that it did not know if Winu would shape up into a Rio-scale project, Rio said drilling at Winu - it is an Aboriginal word meaning thirsty - is focused onRead More

Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumThe Vancouver-based outfit has had an eventful year to date, completing a third year of exploration in collaboration with strategic funding partner Japan Oil, Gas and Metals National CorporationRead More

With 11 of 13 First Nations reaching settlements on land claims and a new gold mine set to ramp up production, Yukon was the focus of discussion during the Territorial 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 Yukon Premier Sandy Silver; Graham Downs, president and CEO of ATAC Resources (TSXV: ATC);...Read More

Terramin leads gold-copper revival in South AustraliaSPONSOREDterramin australiaNew mineral sands miner polishes its ImageSPONSOREDimage resourcesAustralian Vanadium targets growing energy-storage and steel marketsSPONSOREDaustralian vanadiumThickened tailings deposition for closureSPONSOREDsrk consultingThe so-called trade dispute goes well beyond the size of the trade balance between the two cou...Read More

The ruling clears the way for the ATO to use the information to pursue any monies it feels have been hidden overseas.Read More