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
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumSavannah has outlined 1.7 million tonnes grading 2.2% copper in indicated and inferred resources, including a high-grade zone of about 500,000t at 4.5%, within tenements covering 1,004sq.km in the Semail Ophiolite belt, about 180km northwest of Muscat, the capital city of Oman, near the port of Sohar.Oman's Public A...Read More
The U.S. is fertile ground for a variety of minerals, and Canadian companies are active throughout the land. The Northern Miner presents its top-10 list of the biggest Canada-based firms with substantial assets in the U.S., by market capitalization.1. BARRICK GOLDMarket cap: US$34.2 billionIn March 2019, Toronto-based Barrick Gold (TSX: ABX; NYSE: GOLD) and Newmont Goldcorp (TSX: NGT; NYSE: NEM)...Read More
Speaking at a recent investor day, Orica CEO Alberto Calderon said this was a great time to be in the mining services business and particularly in the blast management game.Read More
Continuous developmentand improvement inairborne geophysics technology provider Spectrem Air’s geophysical surveytechnology makes thecompany’s SPECTREM plus system platform ideal for exploration and mappingof deep geology in difficultconditions in Australia, says Spectrem Air GM Louis Polomé. “An upgrade in theplatform’s power systemand changes in sensor design make...Read More
By this point, you probably know gold is making a major breakout, having surged to a six-year high.This is something many of us had been expecting for months if not years, but not everyone listened.Well, that's fine, because there's still plenty of room left for gold prices to run.Goldman Sachs believes it'll keep rising from $1,500 per ounce to more than $1,600 in just the next six months."If gro...Read More
Gold is over brought and needs to break and trade over $1540 to start another wave of rise. Silver has a massive technical congestion between $1730-$1775. Silver needs to break and trade over $1730-$1775 zone for the rest of the month to rise to $1932 and $2100. Chances of sharp correction will be very high as long as silver does not break $1775. One step at a time for silver bulls. One should u...Read More
Gold is over brought and needs to break and trade over $1540 to start another wave of rise. Silver has a massive technical congestion between $1730-$1775. Silver needs to break and trade over $1730-$1775 zone for the rest of the month to rise to $1932 and $2100. Chances of sharp correction will be very high as long as silver does not break $1775. One step at a time for silver bulls. One should u...Read More
Stocks spent almost the entire day in positive territoryUpbeat data out of China got the trading day started on a positive note, and stocks extended their upside throughout the session. By the close, the Dow was up 371 points, erasing a large chunk of its weekly losses. The S&P 500 and Nasdaq followed suit, driven by strong gains in the tech sector, while stabilizing oil prices and Treasury yields...Read More
SINGAPORE - Nickel prices shot up on Thursday, with London nickel set for its biggest one-day gain in a decade and Shanghai nickel touching a record high amid worries that major supplier Indo...Read full newsRead More
SINGAPORE - Nickel prices shot up on Thursday, with London nickel set for its biggest one-day gain in a decade and Shanghai nickel touching a record high amid worries that major supplier Indo...Read full newsRead More
FRTA stock options traders are targeting even bigger gainsForterra Inc (NASDAQ:FRTA) stock is up 19.1% at $6.93 -- set for its best day since November 2017 -- after Goldman Sachs double-upgraded the drainage pipe manufacturer to "buy" from "sell," and boosted its price target to $8 from $4.25. The analyst in coverage said accelerating pricing could be a positive driver in coming quarters, and call...Read More
The brokerage firm said the company is "one of the least exposed" to tariffsThe shares of Dollar General Corp (NYSE:DG) are higher today, after Goldman Sachs upgraded the retail stock to "buy" from "neutral," and hiked its price target to $152 from $142. Ahead of another round of U.S. duties on Chinese imports -- this time expected to hit the retail sector -- on Sept. 1, the brokerage firm said "D...Read More
Symantec is also near the top of the Nasdaq todayStocks are trading higher today as bond yields stabilize. Among individual names making notable moves are cybersecurity specialist Symantec Corporation (NASDAQ:SYMC), clinical-stage biopharmaceutical firm G1 Therapeutics Inc (NASDAQ:GTHX), and IV therapy provider ICU Medical, Inc (NASDAQ:ICUI). Here's a quick look at what's moving the shares of SYMC...Read More
EWT has remained unsteady amid U.S.-China trade tensionTaiwan ETF iShares MSCI Taiwan Index (EWT) is up 1.4% at $34.45 this afternoon, on pace to mark its highest close in a week. U.S.-China trade tensions have sent the ETF on a wild ride this calendar year, specifically over the past few months. A point of contention between the rivaling U.S. and China has been Taiwan, which has sent the index's...Read More
Searchlight Resources Inc. ("Searchlight" or the "Company") (TSXV:SCLT) is pleased to announce that it intends to complete a private placement of flow-through and non-flow-through units (the "Private Placement").Read full newsRead More
AMD's new chips will be featured in Google and Twitter data centersThe shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) are up 14% to trade at $33.68 today, after the chip concern announced its new processor chip will be featured in Alphabet (GOOGL) and Twitter (TWTR) data centers. In response to the outsized gains, AMD options traders have come out of the woodwork today. More specifically,...Read More
The financial sector has been one of the biggest losers in recent weeks The recent market drawdown has been particularly painful for the financial sector, especially with the Fed lowering interest rates last week. However, this pullback could mark a buying opportunity for some names based on technical data. Two stocks that landed on recent studies done by Schaeffer's Senior Quantitative Analyst Ro...Read More
Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce that it has received a $300,000 contract to supply software to various enterprise customers through a leading cellular operator.Marc Seelenfreund, CEO of Siyata Mobile states, "Part of our strategy is to sell third party software applications in conjunction with our devices and we are pleased to an...Read More
A stabilizing yuan has calmed some investor fears over the currency warThe Dow Jones Industrial Average (DJI) has continued its early rally, up roughly 240 points at midday, as investor anxiety over the U.S.-China currency war wanes. This relief has bond yields on the rebound, after yesterday's dramatic plummet. Elsewhere, oil prices are also on the mend, with the front-month contract up 3.3% at...Read More
The Environmental Protection Agency said it would withdraw its option to veto the proposed Pebble mine, which opponents say would endanger the Bristol Bay salmon fishery.Read full newsRead More