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

Citi says to quit buying these retail stocksThe shares of Tiffany & Co. (NYSE:TIF) and L Brands Inc (NYSE:LB) are trading in the red this morning due to bearish analyst attention at Citigroup. Let's take a quick look at the bear note and how TIF and LB stocks are trading. For TIF, Citi downgraded its opinion to "neutral" from "buy" and cut its price target to $100 from $115. The brokerage firm sai...Read More

ACB was oversold heading into todayOne trading day removed from a nasty bear gap, Aurora Cannabis Inc (NYSE:ACB) is attempting a rebound this morning, last seen up 2% to trade at $6.93. This overdue lift comes after the weed company inked growing operations licenses from Health Canada for two outdoor cultivation sites. Aurora Cannabis stock is fresh off its worst week of 2019. The $7 level, an a...Read More

Avrobio's gene therapy drug proved successful in clinical trialsThe shares of Avrobio Inc (NASDAQ:AVRO) are popping today after the drugmaker announced positive data from its clinical trials of its investigational gene therapy drug AVR-RD-01 in patients with Fabry Disease, as well as an 87% substrate reduction in its first post-treatment kidney biopsy. AVRO is up 7.1% at $15.29 in response.Since s...Read More

Amazon's annual sales event kicked off this morningShares of e-tail powerhouse Amazon.com, Inc. (NASDAQ:AMZN) are inching their way higher this morning, last seen up 0.3% at $2,016.94, as the company's annual Prime Day event kicks off. While the 48-hour sale for Amazon's Prime members is attracting its usual bout of attention, the FAANG stock is catching the eye of analysts.Specifically, Loop Cap...Read More

General Electric shares have rallied 62% since mid-DecemberUBS downgraded General Electric Company (NYSE:GE) stock to "neutral" from "buy," and dropped its price target to $11.50 from $13, saying it's "taking a breather after recent stock outperformance." The brokerage firm noted, however, that it "can start to look increasingly at the [company's] multi-year turnaround/transformation."This follows...Read More

Other bank stocks are enjoying a halo lift Dow Jones Industrial Average (DJI) futures are pointing to yet another record high, and a fourth straight day in the black, as traders digest the first of many bank earnings this week. Specifically, Citigroup (C) posted impressive earnings and revenue for the second quarter, lifting fellow financial stocks Goldman Sachs (GS) and JPMorgan Chase (JPM). The...Read More

Treasury yields haven't done this since 2006 -- until now"Though there are only two samples to work with, history has taught us that big short-term directional moves have occurred shortly after a first touch of a new millennium level, as is evidenced by the 17% advance just five months after the first touch of 1,000, or the 9% pullback only one month after the first close above 2,000."-- Monday Mo...Read More

A mining company says it won't carry out cleanup work ordered by the U.S. Environmental Protection Agency as part of a Superfund project in southwest Colorado.Read full newsRead More

July 10, 2019 (ACCESSWIRE via COMTEX) -- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO, OR FROM ANY...Read full newsRead More

Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans") is pleased to provide shareholders with an update on the Company's revenue increase following a successful summer sale. The month of June in 2019 brought in $160,000 in revenue across Peekaboo Beans' various distribution channels, compared to $41,000 in June 2018.In addition to the summer sale, the...Read More

China's economic growth slowed to 6.2% in the second quarter from a year earlier, the weakest pace in at least 27 years, while separate data showed the country's industrial output and retail sales handily topped forecasts, Reuters reported. Base metals were mixed on the London Metal Exchange on Friday and nickel continued its rise. It closed up 2.6% to $13,470 per tonne for three-month d...Read More

The company mined 7,000t of high grade ore (14.5% zinc and 6.Read More

The miner said on Saturday it had been awarded US$40.Read More

Zimbabwean media reported that the country's diamond roduction is about to increase significantly as the Chinese firm Anjin Investments is about to resume diamond mining at Chiadzwa. At the same time, the Zim government is about to sign a new agreement with Russian miner Alrosa next week. Winston Chitando, Minister of Mines and Mining Development said in an interview with the Star radio stat...Read More

A new era of cooperation between the Israeli and Chinese diamond industries will be launched this week, when the first Israel Diamond Week opens in Shanghai on July 16, 2019. Jointly organized by the Israel Diamond Exchange (IDE) and the Shanghai Diamond Exchange (SDE), the event will take place at the SDE from July 16 - 18, 2019.  This is the first time that Israeli diamantaires have been of...Read More

Namibia's Minister of Mines and Energy, Tom Alweendo, said at the  conclusion of the sixth meeting of the African Diamond Producers Association (ADPA) Council of Ministers that was held in Windhoek earlier this month, that he remains adamant that rough diamonds have the potential to contribute to improving the lives of citizens and not only generate revenue for the state. "For centuries...Read More

Various news sources - national and international - picked up the news that a delegation from the Indonesian Chamber of Commerce (KADIN) had arrived in Israel, and, among others, visited the Israel Diamond Exchange. The Indonesian delegation toured the four-tower diamond exchange complex and met with IDE and other officials. The Indonesian delegation was headed by Mufti Hamka Hassan, Vice Preside...Read More

Newfield Resources has progressed with blasting to access an underground mine decline at its Tongo diamond mine, in Sierra Leone.The company has excavated 42 600 m3 of material, with three blasts conducted so far and two blasts remaining, to bring the boxcut to the desired elevation for the portal access to be opened up.AdvertisementOnce blasting and excavation are completed, the boxcut side walls...Read More

Finland-focused diamond exploration company Karelian Diamonds on Monday announced that it had conditionally raised £100 000 from a new investor, Martello Holdings.Martello subscribed for 2.5-million new ordinary shares at 4p each – a premium of about 31% to the closing mid-market price of 3.05p a share on Friday.AdvertisementThe subscription shares represent about 6.8% of the shar...Read More

PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company is on track to report an operating profit for 2019, as production from the Lulo and Mothae diamond mines, in Angola and Lesotho respectively, continues to ramp up.Lucapa on Monday reported that some 10 217 ct of diamonds were recovered during the three months to June, bringing the first half production to 20 505 ct.Advertisement...Read More