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
"Transparency and good governance must continue to be a guiding value of corporate behaviour in order to earn the trust and respect of our current and future consumers," Marcus ter Haar, Managing Director of Okavango Diamond Company (ODC), said in his address to the Plenary Meeting of the Policy Dialogue on Natural Resource-based Development earlier this summer in Paris. The meeting was hosted by...Read More
Thickened tailings deposition for closureSPONSOREDsrk consultingNew mineral sands miner polishes its ImageSPONSOREDimage resourcesAustralian Vanadium targets growing energy-storage and steel marketsSPONSOREDaustralian vanadiumSaturn's high-grade discovery gives Apollo Hill a rocketSPONSOREDsaturn metalsFirst Quantum had two earn-in options with Luminex in Ecuador and said it was assessing whet...Read More
Thickened tailings deposition for closureSPONSOREDsrk consultingNew mineral sands miner polishes its ImageSPONSOREDimage resourcesAustralian Vanadium targets growing energy-storage and steel marketsSPONSOREDaustralian vanadiumSaturn's high-grade discovery gives Apollo Hill a rocketSPONSOREDsaturn metalsMackenzie took to the public stage in London in late July to publicise his company's respons...Read More
Under the cloud of slumping base metal prices, advanced-stage developer Nevada Copper (TSX: NCU) says it remains on schedule at its wholly-owned Pumpkin Hollow copper project near Yerington in west-central Nevada. The planned underground copper mine is slated for start-up by year-end, with a proposed second-stage, open-pit phase aiming to come online in 2023. The development project is touted by t...Read More
U.S. firms have been atop the industry pursuing precious metals across the globe.The Northern Miner presents its top-10 list of U.S.-based, mid-tier and junior precious metals companies.1. Coeur MiningMarket cap: US$1.3 billionCoeur Mining (NYSE: CDE) is a diversified precious metals producer and owns the silver-gold complex of mines in Chihuahua, Mexico; the Rochester open-pit silver-gold mine in...Read More
The pair had signed a strategic agreement in September 2017, to resolve environmental disputes and legal proceedings, but the "first longstop date" when all conditions precedent were to be satisfiedRead More
What if I told you that a leisurely competition gave out more than $30 million in cash prizes? Would you be interested?Of course you would.But I'm not talking about the lottery, the World Poker Tournament, or even the Masters.I'm talking about video games. And some kids today are making more money playing them than some of the biggest names in professional sports.Kyle Giersdorf, a sixteen year old...Read More
Searchlight Resources Inc. (TSXV:SCLT) is pleased to announce that the TSX Venture Exchange has accepted the option agreement with GEM Oil Inc. a private Saskatchewan company, to earn a 100% interest in two claims located near Creighton, Saskatchewan and 10 kilometres northwest of the city of Flin Flon, Manitoba.Read full newsRead More
Sales of electric vehicles in Canada are up 30 per cent this year. Bloomberg Intelligence's Nick Albanese looks at what's behind the increase.Read full newsRead More
The Dow still finished in the red, thoughDespite heavy early selling and more weakness in Treasury yields, U.S. stocks managed to pare a large chunk of their losses by the close today, with the S&P 500 and Nasdaq rallying all the way back to finish the day in positive territory. The Dow traded down almost 600 points at its session lows, as fears about the health of the global economy kept buyers o...Read More
Maxar and Weight Watchers both got a boost after earningsStocks are lower again today, as traders fret over sinking bond yields. Three stocks bucking the broad-market trend, however, are Oprah affiliate WW International Inc (NASDAQ:WW) -- formerly known as Weight Watchers -- and biotech issue Paratek Pharmaceuticals Inc (NASDAQ:PRTK), as well as space technology concern Maxar Technologies Inc (NYS...Read More
NFLX has shed 17% this quarterPerhaps the only good that's come out of Walt Disney's (DIS)dismal earnings report was the announcement of its new streaming bundle, where Disney Plus, Hulu, and ESPN Plus can be had for $12.99 a month, starting Nov. 12. This feature -- which is the same price as Netflix's most popular subscription plan -- has put a dent in streaming giant Netflix, Inc. (NASDAQ:NFLX)...Read More
Some traders are attempting to capitalize on pricey FDX putsAlong with broad-market selling pressure, FedEx Corporation (NYSE:FDX) stock is feeling the heat today, after the delivery concern confirmed it will end its ground-delivery contract with Amazon.com (AMZN). The FAANG giant has been building its own delivery network, and FedEx in June warned that ending the duo's partnership will weigh on f...Read More
How stocks perform after the VIX doubles in short orderAfter falling every single day last week, stocks on Monday suffered their worst one-day sell-off of 2019, as the U.S.-China trade war came to a boil. As a result, the Cboe Volatility Index (VIX) -- also known as Wall Street's "fear gauge" -- skyrocketed into territory not charted since early January. In fact, the VIX's surge was so dramatic it...Read More
Both stocks have struggled with the broad market sell-off latelyThe two best Dow stocks in 2019 have been Visa Inc (NYSE:V) and Microsoft Corporation (NASDAQ:MSFT). However, the blue chips have not been immune to the broad-market sell-off in recent weeks. The good news is that these pullbacks could be short-lived, if history is any indicator. Looking at Visa first, the equity has crept back to...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce that the AT&T Workforce Manager enterprise application is now available on the Uniden (R) UV350 in-vehicle phablet through AT&T (NYSE:T).AT&T Workforce Manager is an award-winning, cost-effective, cloud-based, all-in-one intuitive software for managing employees, vehicles and as...Read More
The options market is betting on a much bigger earnings move this time around for UberUber Technologies Inc (NYSE:UBER) shares earlier touched their lowest point since their third day of trading back in May, but have pared those losses to trade up 0.4% today at $39.32. This bounce may make sense considering the equity's 14-day Relative Strength Index (RSI) was docked at 31 as of yesterday's close,...Read More
Shrinking Treasury yields caused the Dow to hit a new two-month low The Dow Jones Industrial Average (DJI) has resumed its slide, following yesterday's brief respite, down more than 300 points after touching a new two-month low earlier. The slump is sparked in part by plummeting bond yields and fears of a recession, with investors turning back to "safe haven" commodities like gold. Front-month go...Read More
Thousands of Turks including opposition lawmakers staged a peaceful and unusuall...Read full newsRead More
The options market is pricing in a major swing for DBX shares after earningsDropbox Inc (NASDAQ:DBX) just received a bear note a day before the company is expected to report earnings. Bernstein began coverage on the software stock with an "underperform" designation and $19 price target, saying that almost all metrics show a decline in the company's business and that competition is tough in the fil...Read More