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
PAYS stock was up 397% year-to-date through last Friday's closeStocks are mixed at midday, but little changed overall as investors anticipate a few big names in the earnings confessional later this week. Three stockson Wall Street's radar today are biotech name Amgen Inc (NASDAQ:AMGN) and e-payment concern Paysign Inc (NASDAQ:PAYS), and biopharma issue Galapagos NV (NASDAQ:GLPG). Here's a look at...Read More
SPWR has pulled back to its 30-day trendlineSunPower Corporation (NASDAQ:SPWR)has pulled back sharply in the last two weeks, logging weekly losses of 2.8% and 5.8%, respectively. As SPWR prepares for its turn in the earnings confessional -- set to report second-quarter earnings after-the-close next week, Wednesday, July 31 -- this recent pullback could present a unique buying opportunity, if past...Read More
BYND stock is up almost 13% todayBeyond Meat Inc (NASDAQ:BYND) stock surged all the way up to $199.44 earlier -- just shy of its June 18 record high of $201.88 --- last seen trading up 12.7% at $199.15. It's not clear what the catalyst is for the bull gap, but options traders are reacting, targeting even more upside for the plant-based burger stock by week's end.At last check, roughly 120,000 call...Read More
Renforth Resources Inc. (CSE:RFR, OTC Pink:RFHRF) ("Renforth" or the "Company") is pleased to announce that our wholly owned West Malartic Property, 53 km2, gold bearing and contiguous to the Canadian Malartic Mine, is no longer under option.Read full newsRead More
Shares of RTN have struggled to push above $185 this year, but a breakout could be imminentShares of U.S. defense contractor Raytheon Company (NYSE:RTN) are moving higher this afternoon, last seen up 0.6% at $179.61. RTN has been relatively stagnant since mid-February, struggling to break above the $185 mark. However, the stock has held onto its 17% year-to-date lead, and with new Iran tensions s...Read More
Nexus Gold Corp. ("Nexus" or the "Company") (TSXV:NXS, OTCQB:NXXGF, FSE:N6E) is pleased to announce that it has entered into a letter of intent with Aurem Resources SARL ("Aurem"), an arms'-length party, pursuant to which it will look to acquire the rights to any or all of three exploration permits (collectively, the "Permits"), totaling up to 4,102 square kilometers (over 1,500-sq miles), located...Read More
Several FAANG names are due to report earnings this weekThe Dow Jones Industrial Average (DJI) is lower at midday, erasing early morning gains as investors prepare for the latest batch of earnings reports, including several FAANG names set to report later this week. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) arehigher, though, enjoying modest gains thanks to semiconductor sector tai...Read More
Calls have been popular on both namesTrade tensions between Washington and Beijing have kept U.S.-listed Chinese stocks on the collective radar. Two names in particular that options traders have been eyeing are Hangzhou-based e-commerce concern Alibaba Group Holding Ltd (NYSE:BABA) and Shanghai-based electric car maker Nio Inc (NYSE:NIO).In fact, both BABA and NIO popped up on a list of stocks tha...Read More
Investors have poured $4B into a flat-lining bond play over the last seven weeksAt its intraday high last week -- which also happened to be its opening level on Monday morning, July 15 -- the S&P 500 Index (SPX) was trading just north of 3,017, in the neighborhood of a 10% return from its June 3 closing low (and, as a point of interest, from its March 8 closing low, as well). And by the time the t...Read More
Two brokerage firms doled out price-target hikes ahead of Amazon's earnings reportRetail giant Amazon.com Inc (NASDAQ:AMZN) just unveiled its plans to build two new robotics fulfillment centers in Ohio, one in Akron and one in Rossford, which will create over 2,500 full-time jobs. The FAANG name is getting bullish analyst attention today, too, with a price-target lift from KeyBanc to $2,200 from $...Read More
Disney stock is set to resume its long-term climbWalt Disney Co (NYSE:DIS) is in focus this morning following the release of its highly anticipated "The Lion King" remake, which brought in $531 million globally, and $185 million here at home, making it the largest U.S. July movie opening ever. And while critic reviews came in mixed, the film received an 89% score from audiences on Rotten Tomatoes,...Read More
This is the second upgrade the stock has seen in as many weeksThe shares of Stitch Fix Inc (NASDAQ:SFIX) have swung 3% higher this morning to trade at $27.70, after Stifel upgraded the online personal styling name to "buy" from "hold," saying recent weakness in the retail stock creates an "attractive entry point." The brokerage firm also sees growth opportunity in the U.K., and thinks new features...Read More
The White House will host a chipmaker summit to discuss the Huawei banIt's a big morning for the semiconductor sector, after a Friday report that White House economic adviser Larry Kudlow and Treasury Secretary Steven Mnuchin will meet with tech executives to go over the U.S. ban on sales to China's Huawei Technologies. Perhaps the stock enjoying the news the most is Micron Technology, Inc. (NAS...Read More
The pre-Fed meeting week is packed with earnings reports from big namesWith investors turning a hopeful eye to an earnings-packed week, Dow Jones Industrial Average (DJI) futures are tacking on gains, following Friday's choppy trading session. Specifically, investor focus will be turned towards upcoming quarterly reports from several FAANG stocks, including Amazon (AMZN) -- which just got a price-...Read More
A closer look at the small-cap chart pattern that "screams indecision""Do not be surprised if round numbers like SPX 3,000 and Dow Jones 27,000 act as barriers in the short term. For what it's worth, SPX 3,008 is around 20% above the 2018 close, and could act in concert with SPX 3,000 as resistance. There was evidence of this resistance on Wednesday and Thursday, as the SPX effectively went sidewa...Read More
Dell's Women's Entrepreneur Network has recently announced the top cities in the world for female entrepreneurs.Calculations were based on the abilities of each city to operate a fair market, provide equal access to financial capital and enable businesses through technology and a positive culture.We're very pleased to see both Vancouver (no. 11) and Toronto (no. 9) representing Canada as top globa...Read More
TORONTO, July 19, Jul 19, 2019 (GLOBE NEWSWIRE via COMTEX) -- THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN...Read full newsRead More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce that it has received an initial purchase order of $360,000 through a leading taxi technology distributor to equip taxi cabs in Israel with its innovative 4G/LTE CP250, an all-in-one dash mounted communications device.The CP250 is the first and only LTE, all-in-one fleet communic...Read More
Australia, Canada, Mexico and southern Africa, all key mining markets historically for the Swedish pair, are expected to see robust investment in underground fleet over the next 12 months.Epiroc, the former mining and tunnelling equipment arm of Atlas Copco AB, last week reported a 4% "organic" decline in June quarter orders, compared with the same period in 2018, to SEK10,553 million (US$1.12 bil...Read More
John Robins is the executive chairman and a director at Fireweed Zinc (TSXV: FWZ), which is advancing its massive zinc-lead project in the Yukon. Robins was the founder, executive chairman and director of Kaminak Gold, which discovered the Coffee gold deposit in the Yukon, and sold the company in 2016 to Goldcorp for $520 million. Robins took time out during a trip to Dawson City to speak with The...Read More