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
Vector Group is replacing Tetra Tech on the S&P SmallCap 600 next weekTobacco concern Vector Group Ltd (NYSE:VGR) is set to join the S&P SmallCap 600 ahead of the open next Thursday, Aug. 1, replacing engineering services name Tetra Tech Inc (NASDAQ:TTEK) as the latter moves on to the S&P MidCap 400 Index (MID). The benchmark adjustments come as current MID constituents Chemical Financial (CHFC)...Read More
Invesco has been stagnant on the charts for monthsInvestment management name Invesco Ltd. (NYSE:IVZ) is moving lower this afternoon, last seen down 0.9%, at $19.34 -- set for back-to-back losses following yesterday's negative earnings reaction. IVZ has been stuck in between the the $19 and $21 levels since May, dragging its year-over-year loss to 25%. However, per data from Schaeffer's Senior Qua...Read More
The stock's previous run ups to its 40-day trendline have previously preceded weak price actionWhiting Petroleum Corp (NYSE:WLL) will report earnings after the market closes next Wednesday, July 31. The energy stock is flashing a "sell" signal on the charts ahead of the event, and given its history of negative earnings reactions, it could be time for a bearish play on WLL.After bottoming at a thre...Read More
Nevada Sunrise Gold Corporation (Read full newsRead More
Alphabet's earnings beat is powering the stock market todayThe Dow Jones Industrial Average (DJI) is treading water at midday, as the latest corporate earnings reports share the spotlight with a well-received reading on second-quarter gross domestic product (GDP). The blue-chip index has spent time on both sides of breakeven, but had erased early morning losses at last check, as it looks to avoi...Read More
Greece's recently-elected government wants a stalled gold mine investment b...Read full newsRead More
Some banks could handle rate cuts better than othersBrokerage firm KBW this morning released a note in which it said bank stocks Goldman Sachs Group Inc (NYSE:GS), Citigroup Inc (NYSE:C), and Bank of America Corp (NYSE:BAC) could all be beneficiaries of the Fed lowering interest rates, upgrading each stock to "outperform." As such, let's take this opportunity to check in on the shares of GS, C, an...Read More
Mattel reported second-quarter earnings and revenue that beat analysts' estimates The shares of toymaker Mattel Inc (NASDAQ:MAT) are surging this morning, ready to tack on their fourth consecutive win after the firm's second-quarter results came in atop analysts' estimates. The company reported a loss of 25 cents that topped the 40 cent loss expected by analysts, and $860 million in revenue, highe...Read More
WWE has reclaimed its year-to-date breakeven levelThe shares of World Wrestling Entertainment, Inc. (NYSE:WWE) are up 3% in early trading at $76.99, after receiving an upgrade from Benchmark to "buy" from "hold." The analyst in coverage waxed optimistic about the re-launch of "Raw" and "Smackdown," as well as engagement metrics and a pullback in the shares that "created an opportunistic entry poi...Read More
Analysts have been quick raise Starbucks stock price targets after earningsCoffee giant Starbucks Corporation (NASDAQ:SBUX) is surging this morning, up 5.8% at $96.26 -- a fresh off a record high of $96.63 right out of the gate. Sending the shares higher is the company's fiscal third-quarter earnings beat, which was also accompanied by its largest increase in same-store sales in three years.The b...Read More
Alphabet reported a quarterly earnings beat, while Apple and Intel struck a deal Dow Jones Industrial Average (DJI) futures are pointed cautiously higher this morning, on pace to recoup some of Thursday's earnings-related losses as traders weigh the latest round of corporate earnings and gross domestic product data (GDP). FAANG stocks are in the spotlight today, as Google parent Alphabet (GOOGL)...Read More
The round-number $40 mark has been targeted by TWTR options traders recentlyTwitter Inc (NYSE:TWTR) stock is trading up 6% in electronic trading, after the social media name reported an 18% rise in second-quarter revenue to $841 million -- more than anticipated -- as monetizable daily active usage (mDAU) arrived at a stronger-than-expected 139 million. Additionally, total ad revenue jumped 21%, an...Read More
Greece's recently-elected government wants a stalled gold mine investment b...Read full newsRead More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
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Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumThe holes, part of a campaign to expand and infill resources, returned highlights of 610.2m grading 0.84% copper, 1.02 grams per tonne of gold and 10.28g/t of silver for 1.66% copper equivalent essentially from surface, its longest intercept to date of >1.5% copper equivalent mineralisation.This sent its stock (T...Read More
I don't remember exactly how old I was, but it was either late single digits or early doubles.I was looking through the local newspaper and saw a big, bold ad. Or maybe my parents showed it to me... I can't remember that part either.What I do remember is what the ad said, and how exciting it was to me at the time: Topps, the famous baseball card and candy company, was looking for taste testers. Mo...Read More
As the global demand for base metals grows, mining companies are on the hunt for new deposits that they can develop into operating mines. Here are eight companies with significant projects in the space.GROUP ELEVEN RESOURCESAn inactive drill at Group Eleven Resources' 60%-owned Ballinalack zinc-lead project in the Republic of Ireland. Photo by The Northern Miner.Formed in 2015, Group Eleven Reso...Read More
Vancouver-based junior Pure Gold Mining (TSXV: PGM, LON: PUR) has raised $47.5 million that will go a long way to push forward its flagship Madsen gold project in Red Lake, Ontario."This will be the equity component of a project financing package," says Darin Labrenz, Pure Gold's president and CEO, in an interview with The Northern Miner."We had an opportunity with the rising gold market and inter...Read More
Thickened tailings deposition for closureSPONSOREDsrk consultingAustralian Vanadium targets growing energy-storage and steel marketsSPONSOREDaustralian vanadiumSaturn's high-grade discovery gives Apollo Hill a rocketSPONSOREDsaturn metalsLake Resources prepares to make a splash in lithium SPONSOREDlake resourcesClearly, the recovery is a work in progress. And that's owing to complex developmen...Read More