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
Greenland shines brightly in the rare earth spotlightSPONSOREDgreenland mineralsBlack Rock readies for race to graphite productionSPONSOREDblack rock miningE25 powering towards Butcherbird PFSSPONSOREDelement 25'When top miners commit to an aspiration, that does trickle down'SPONSOREDdeloitteThe country's economy is again riding a production boom for key commodities, principally iron ore a...Read More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumThe controversial project, which has faced significant community opposition and delays since 2010 including protests during which people have been killed, is due to commence production in 2022, although Southern said it would not start construction until it had support from local communities."Southern Peru Copper reitera...Read More
Stornoway Diamonds, the operator of Quebec’s first diamond mine, has told shareholders that weak conditions in the rough diamond market continue to persist, with CEO Patrick Godin saying on Wednesday that further decreases in pricing were observed during the second quarter of the year.The company, which operates the Renard mine, sold 460 832 ct in two tender sales, netting gross proceed...Read More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithium"Our review has reconfirmed the acquisition price we paid," OZ CEO and managing director Andrew Cole has told analysts.Read More
Bloomberg captures the mood on Wall Street:“Traders Take Fed Message as License to Buy Everything.”Jerome Powell had his telegraph out yesterday… and wired a message of approaching rate cuts.Federal funds futures give the odds of a July rate cut at 100%.They further indicate three are likely by January.And like sugar-mad 8-year olds amok in a candy store... traders are out for ev...Read More
A lot of Americans diligently save up for retirement, but it doesn't occur to most to plan for home renovations in their later years. It can be hard to picture yourself having trouble with stairs, using a walker or wheelchair or needing assistive devices in the shower. But three quarters of Americans aged 50 and over say they want to remain in their homes as they age, according to a survey by AARP...Read More
Greenland shines brightly in the rare earth spotlightSPONSOREDgreenland mineralsBlack Rock readies for race to graphite productionSPONSOREDblack rock miningE25 powering towards Butcherbird PFSSPONSOREDelement 25'When top miners commit to an aspiration, that does trickle down'SPONSOREDdeloitteThe potential nomination to the US Federal Reserve board of European Bank for Reconstruction and De...Read More
Marathon Gold (TSX: MOZ) is on track to release a new resource estimate in September for its Leprechaun deposit in the company's Valentine Gold camp in Newfoundland and Labrador.The latest drilling has expanded the high-grade area within Leprechaun's Main Zone corridor to a strike length over 480 meters with a width of 30 to 100 metres and extending to a depth of 350 metres.Leprechaun is one of fo...Read More
Infill and exploration drilling in the Western Flanks Zone of the Beta Hunt gold mine in Western Australia has boosted measured and indicated resources five-fold and inferred resources three-fold, RNC Minerals (TSX:RNX) reports.The updated resource for the Western Flanks Zone incorporated 16,876 metres of new infill and exploration drilling in 144 holes since the previous resource estimate in Dece...Read More
Demand for coal from US utilities will have eroded significantly by 2030, driving the ongoing contraction in the coal industry and increasing utility reliance on exports, the agency said.Read More
The three words that nobody wants to hear: stage four cancer.But those are the words I heard from a dear family friend just last week. Of course, nobody wants to hear the word cancer in any form - unless, perhaps, you were born this very month, mystically relate to crabs, and have a wild fascination with stars predicting the future.Zodiac signs, anyone?Anyway, I'm a Virgo and I'm supposed to be c...Read More
The head of the U.S. central bank struck a dovish tone in his congressional testimonyStocks sailed to fresh highs today, as Wall Street cheered congressional testimony from Fed Chair Jerome Powell, which indicated the central bank could be ready to cut interest rates at its July meeting. In front of the House Financial Services Committee , Powell cited concerns over a slowing global economy -- a t...Read More
SEATTLE -- The output of analyzing large blocks of information, or "big data" as it is generally known, toRead full newsRead More
SunPower options are attractively priced at the moment, tooWhen we last checked in with SunPower Corporation (NASDAQ:SPWR), the solar stock was fresh off its best day since 2013. Now, three weeks later, SPWR is flashing another signal that indicates its recent surge could be far from over. Yesterday, SunPower stock nabbed a three-year high of $12.79, and has more than doubled in 2019 alone. Even...Read More
One stock is up over 300%The Dow hit record highs today following dovish comments from Fed Chair Jerome Powell. Three names in particular making moves are communications solutions provider Vislink Technologies Inc (NASDAQ:VISL), offshore drilling issue McDermott International (NYSE:MDR), and drugmaker Amneal Pharmaceuticals Inc (NYSE:AMRX). Here's what's moving the shares of VISL, MDR, and AMRX....Read More
American Airlines' update has drawn attention to the sector todayAmerican Airlines Group Inc (NASDAQ:AAL) shares are popping today after the company raised its unit revenue forecast. Also helping is a price-target hike to $38 from $35 at Evercore ISI. It would seem options traders are betting on more upside, too, with call volume already flirting with the daily average. Buy-to-open activity seems...Read More
Credit Suisse just initiated coverage on Unum with an "underperform" rating and a $19 price targetThe shares of disability insurance concern Unum Group (NYSE:UNM) are slipping today, after Credit Suisse initiated coverage with an "underperform" rating and a $19 price target -- roughly half of last night's close. The analyst said the stock could face a rough patch based on a possible $5.7 billion a...Read More
Oil prices are surging today on supply concernsThe Dow Jones Industrial Average (DJI) is on the mend today, and earlier touched an all-time high, thanks to renewed rate cut optimism. At his testimony before the House Financial Services Committee, Fed Chair Jerome Powell suggested that Friday's strong jobs report has not altered the Fed's outlook. Despite the dovish remarks, the Dow has pared some...Read More
The shares have outperformed the SPX for nine straight daysZillow Group Inc (NASDAQ:Z) stock is pacing for its 10th straight gain, and its highest close of 2019, thanks to some upbeat analyst attention. Specifically, SunTrust started coverage of Zillow Group (ZG) with a "buy" rating and a Street-high $58 price target, with the analysts calling the company's Homes segment "underappreciated." What's...Read More
LEVI is set for its worst day since going public in MarchThe shares of denim name Levi Strauss & Co. (NYSE:LEVI) are tumbling down the charts today, after the firm's second-quarter earningsmissed analysts' expectations. While the century-old company's revenue did come in higher than estimates, LEVI expressed concerns over slowing growth for the second half of the year, due to "bankruptcies and doo...Read More