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
The biopharma outlined a Phase 3 study for its MS treatment, ibudilastMediciNova, Inc. (NASDAQ:MNOV) stock is up 9% in electronic trading, after the California-based biopharmaceutical firm announced plans for a late-stage clinical trial for ibudilast in patients with progressive multiple sclerosis (MS). The company said it will conduct just one study, with the Food and Drug Administration (FDA) sa...Read 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
Emmerson shares were trading at 3.84p early today, up more than 42% since the start of 2019 but off the recent high of 6.2p reached in May.The company's CEO Hayden Locke said the oversubscribed new share issue showed good investor support for Khemisset."These funds enable us to continue our strategy of rapidly advancing the project and our discussions with various potential strategic partners, wit...Read More
PERTH (miningweekly.com) – Diversified miner Rio Tinto has unveiled its latest tender from the Argyle diamond mine, in the Kimberley region of Western Australia, as the operation nears the end of its life cycle.The 64-diamond collection includes three Fancy Red diamonds and weighs a combined 56.28 ct.Advertisement“I am delighted to be at the Argyle mine for this exclusive world preview...Read More
The local mining industry declined by 10.8% in the first quarter of this year and the industry is on a huge cost-saving run, says bearings and power transmission products distributor Bearings International (BI) mining business development leader Shaun Combrinck.He tells Mining Weekly that BI is focusing on the products and services it has to offer the mining industry, as equipment being used at mi...Read More
Are you planning a wedding for this year? Congratulations!Whether it's going to be one with hundreds of guests in a grand setting or something much more intimate... like a ceremony on the beach with a few close family members and friends... you have a lot going on now.What to wear, whom to invite, what to serve, where to go on a honeymoon are surely on your checklist.Furthest from your mind is wha...Read More
The Northern Miner presents the top-10, Canadian-headquartered royalty and streaming companies by market capitalization, as of early July 2018.1. FRANCO NEVADA$20.5B market capFranco-Nevada (TSX: FNV; NYSE: FNV) stands head and shoulders above the rest of the royalty and streaming pack, with a $20.5-billion market cap - or $3.5 billion higher than last year, and $6.5 billion more than its closest...Read More
If all goes according to plan in northern Chile, Teck Resources (TSX: TECK.B; NYSE: TECK) and its partners Sumitomo Metal Mining and Sumitomo will start commissioning and ramping up their Quebrada Blanca Phase 2 (QB2) copper project in the fourth quarter of 2021, with full production to follow in the second half of 2022.The QB2 project, one of the world's largest undeveloped copper resources, will...Read More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumThe country's Energy and Mining Investment Supervisor agency (Osinergmin) is investigating to determine the cause of the July 10 spill and who is responsible.With Doe Run Peru in a liquidation process, workers have blamed the spill on the liquidator for poor management of the operation during the liquidation process.Qual...Read More
The second translocation of elephants from diamond miner De Beers’ Venetia Limpopo Nature Reserve (VLNR), in South Africa, to Zinave National Parks, in Mozambique, has been completed.The first herds of elephants were corralled at the VLNR on June 25, before being transported by road for about 1 700 km, and released at Zinave on June 27.AdvertisementThe final herds arrived at Zinave this...Read More
Donald Trump is a man of action.You might not agree with everything he does, but you can't say he doesn't get things done.And that's why we're looking at July 14 as a major investment opportunity.You see, in a recently-released report, the Commerce Department recommended that Trump take steps to protect America's domestic uranium production as a matter of national security.Shocking as it is, Ameri...Read More
Trend for gold and silver is bullish. Interest rate cut towards the end of the month has been confirmed by the Federal Reserve chairman. If gold rises very sharply till Monday, then value based buying in silver should catch and there can be some rise. I am quite confident that silver will break free from the recent consolidation phase by next week. Tensions in the Persian Gulf can result in hi...Read More
Trend for gold and silver is bullish. Interest rate cut towards the end of the month has been confirmed by the Federal Reserve chairman. If gold rises very sharply till Monday, then value based buying in silver should catch and there can be some rise. I am quite confident that silver will break free from the recent consolidation phase by next week. Tensions in the Persian Gulf can result in hi...Read More
The S&P and Nasdaq fell short of notching new milestones today, thoughThe Dow made its first-ever trek above the 27,000 mark today, as insurer UnitedHeatlh (UNH) rallied on news the Trump administration was scrapping a plan to curb rebates for insurers. The blue-chip index settled north of the psychologically significant level, too, as big banks Goldman Sachs (GS) and JPMorgan (JPM) popped after F...Read More
The weed concern is buying a manufacturing facility in WinnipegCannabis stock Cronos Group Inc (NASDAQ:CRON) is up 2% at $15.60,moving higher after the company said it will buy an 84,000-square-foot fermentation and manufacturing facility in Winnipeg, Canada. Weighing in on the deal, analysts at Jefferies think the purchase should result in commercial-scale cannabinoid production and improved fina...Read More
Credit Suisse just downgraded Werner stock to an "underperform," and slashed its price target to $29Werner Enterprises Inc (NASDAQ:WERN) and Heico Corporation (NYSE:HEI) are on Wall Street's watch list after analysts slammed the two stocks with bear notes. The former got a drubbing from Credit Suisse, which downgraded the stock to "underperform" from "neutral," and cut its target price to $29 from...Read More
OMER options are seeing heavy trading todayThe shares of Omeros Corporation (NASDAQ:OMER) are up 2.3% to trade at $15.56 today, and earlier traded as high as $16.88. This comes afterthe Food and Drug Administration (FDA) agreed on the main goal of a trial supporting a marketing application for narsoplimab, Omeros' treatment for stem cell transplant-associated thrombotic microangiopathy. In resp...Read More
UNH is a stock to watch right nowUnitedHealth Group Inc (NYSE:UNH) is the best Dow stock today, up 5.4% at $260.75, on news the Trump administration withdrew a plan to end rebates paid to insurance companies by drug manufacturers. This upside move has sparked a rush of activity in UNH's options pits, with most of the action occurring on the call side.At last check, around 31,500 calls and 18,000 p...Read More
Several key economic reports will be released, tooIt's set to be a busy week on Wall Street, with several key economic reports set for release, including updates on retail sales, housing, and consumer sentiment. Plus, following his two-day congressional testimony which had a dovish tilt, Fed Chair Jerome Powell will take the stage on Friday. What's more, second-quarter earnings season gets underwa...Read More
The best part? It's risk-free. In an explosive report a former Lehman Brothers executive reveals one of Wall Street's most closely guarded investing secrets.The secret?A proven system for turning small sums of cash into vast windfalls of profits-without risking a penny in the stock market.Essentially, this system uses the latest advances in computer science and financial technology to give inve...Read More