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
Mouawad unveiled its Mouawad Dragon Suite at an exclusive private viewing in the Mouawad Dubai Mall boutique on July 8. The Mouawad Dragon Suite comprises a necklace, bracelet, earrings, and ring showcasing five Fancy Vivid and Deep yellow diamonds totaling over 153 carats, and 432 colorless diamonds totaling over 272 carats. At the heart of the Dragon necklace is the 54.21 carat Mouawad Dragon d...Read More
The Times of India reported that India's Airport Authority (AAI) is set to open its state-of-the-art modular cargo terminal in the coming weeks. The terminal is a steel-based structure with a ground base of a 1,000 sq./m, with the same space on the building's first floor. The terminal has a cold storage facility for perishable goods as well as strong room, a facility that is of ut...Read More
Euromines lifts hood on sustainability methodologySPONSOREDThe company's board is set to make a production decision in 2020 or early 2021 on the underground project, which will take a year to build and have capacity of 3,000 tonnes per day, with firstRead More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipGreenland shines brightly in the rare earth spotlightSPONSOREDgreenland mineralsBlack Rock readies for race to graphite productionSPONSOREDblack rock miningThe company intersected 295.6m at 0.29% copper-equivalent from 25m in OPM-19-09; and 8m at 2.91% Cu-eq from 87m in OPM-19-...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'SPONSOREDdeloittePhoenix is looking for up to US$70 million to build the copper mine, including $10 million of mezza...Read More
I've had the "timeshare debate" with my mom several times. She has friends - including money-savvy ones - with properties, and I know at least one is trying to unload at the moment, too.About $8 billion worth of timeshares are sold in the U.S. each year. And it's easy to understand how folks fall for the allure of basically buying a hotel room. Let's say it's the dead of winter… ice, snow, s...Read More
While the prices for key battery minerals such as lithium, cobalt, nickel, rare earth elements, graphite and copper have so far been subdued in 2019, the general excitement about the future wide adoption of electric vehicles continues to fuel activity amongst Canada's battery mineral juniors. Here is a look at eight such companies. AVALON ADVANCED MATERIALSDon Bubar-led, Toronto-based Avalon Rar...Read More
When the Diavik diamond mine began production in 2004, there were likely more than a few miners that experienced deep pangs of regret, remembering that they could have had a shot at discovering and owning Canada's second - and richest - diamond mine.If only they had listened to Chris Jennings.Jennings was one of very few people in the 1990s who understood Canada's potential for diamond exploration...Read More
Diamcor Mining's (TSXV: DMI) Krone-Endora project isn't a typical diamond development story.The project, next to De Beers' Venetia mine in South Africa, is an eluvial deposit, representing a direct shift of material from the Venetia pipe. The gravels at Krone-Endora contain high-quality diamonds, but the material is low-grade and variable.This all makes it difficult to explain to investors."It's a...Read More
Brent Eiseb, the new CEO of the Namibia Diamond Trading Company (NDTC) has made it crystal clear that under his watch, the NTDC will not hold any tenders or auctions of its rough diamond stocks. In an interview with the Windhoek Observer, he stated that the NDTC will distribute its rough through a Sight system. " This Sight System is premised on NDTC entering into long-term supply con...Read More
Trade wars, corporate espionage, strategic land grabs... the list of issues we're at odds with China over is so very long.However, there is a major one that is not getting any headlines. It is simply too long-term of a trend.At the same time, it will define which nation is dominant in a critical energy sector within a couple decades.Renewable energy power generation in China reached 1,870 TWh and...Read More
A rare "sell" rating for Apple dragged the major markets lowerThe Dow kicked off the first full trading week of July on a down note, with the blue-chip index dragged to a triple-digit loss after Apple (AAPL) stock sold off on a rare "sell" rating. Easing expectations for an aggressive rate cut from the Fed only added pressure ahead of this week's congressional testimony from Fed Chair Jerome Powel...Read More
The suffering stock just had a bear signal sound on the chartsKraft Heinz Company (NASDAQ:KHC) has had a rough time of the charts of late. Since suffering a brutal post-earnings bear gap in February the equity has attempted to find its footing atop the $32 region, but soon found itself south of the area -- dropping to a record low of $26.96 in late May. While the equity has managed to climb atop i...Read More
NOAH stock was heavily shorted ahead of today's sell-offThe broader U.S. stock market is lower today, headlined by a pullback in Apple shares. Three names to watch are Chinese wealth management firm Noah Holdings Limited (ADR) (NYSE:NOAH), along with healthcare companies Intra-Cellular Therapies Inc (NASDAQ:ITCI) and Coherus BioSciences Inc (NASDAQ:CHRS). Let's take a look at how the shares of NO...Read More
UNFI has been in a long-term downtrend on the chartsOrganic foods distributor United Natural Foods Inc (NYSE:UNFI) has struggled on the charts over the long term. Pressured by its 30-day moving average, UNFI has shed 77% over the past 12 months. United Natural Foods stock also touched a nearly 17-year bottom of $8.07 on June 27, and now, data from Schaeffer's Senior Quantitative Analyst Rocky Whi...Read More
Nike stock is trading at its highest point in over two monthsAs most will know by now, the U.S. Women's National team won its second-straight and fourth overall FIFA Women's World Cup yesterday, defeating Netherlands 2-0. The event drew an 10.0 overnight metered market rating, more than the 2018 FIFA Men's World Cup Final between France and Croatia. The U.S. Soccer Federation is sponsored by Nik...Read More
Health Canada put a hold on several kilograms of dried cannabisCannTrust Holdings Inc (NYSE:CTST) is at the bottom of the New York Stock Exchange (NYSE) today, after Health Canada found the medical-grade marijuana producer's Ontario greenhouse non-compliant with some regulations. The regulatory concern put a hold on more than 5,000 kg of cannabis that was harvested in five unlicensed rooms between...Read More
Broad-market headwinds are pressuring CSCO stock todayCisco Systems, Inc. (NASDAQ:CSCO) entered 2019 bouncing sharply from its 320-day moving average, and has since gained 30%. More recently, the Dow stock's 80-day moving average has served as a springboard, and contained CSCO's pullback from its 18-year high of $58.15 from June 21. Today, broad-market headwinds have the tech stock down 0.6% at $5...Read More
Canaccord Genuity initiated coverage on RYTM with a "buy" rating and a $35 price target The shares of Rhythm Pharmaceuticals Inc (NASDAQ:RYTM) are getting a boost today, after Canaccord Genuity initiated coverage on the drugmaker with a "buy" rating and a $35 price target -- a more than 60% premium to the stock's current perch. The rating comes just weeks after the stock hit a 14-month low of $20....Read More
Boeing and Pfizer are other blue chips under pressure todayThe Dow Jones Industrial Average (DJI) is staring at a triple-digit deficit at midday, weighed down by newly downgraded Apple (AAPL), as well as rough outings fromfellow blue chips Boeing (BA) and Pfizer (PFE). Investors are also preparing for comments from Fed Chair Jerome Powell on Wednesday, after the prospects of a July rate cut took...Read More