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
A bearish signal just flashed on the charts for American AirlinesThe shares of American Airlines Group Inc (NASDAQ:AAL) have been trying for a rebound on the charts since the stock hit a two year bottom of $27.02 in late May. The stock has run into resistance several times near the $33.50 region, and is back on its way down, trading 1% lower at $32.38 today. While the equity has still managed to k...Read More
PEP is in position to earn bullish brokerage notes should earnings impressPepsiCo, Inc. (NASDAQ:PEP) will report earnings before the open next Tuesday, July 9, and it's worth looking at the options data around the beverage giant ahead of the event. Most notably, PEP's Schaeffer's put/call open interest ratio (SOIR) of 0.42 shows call open interest among contracts expiring within three months more...Read More
Ford's 50-day moving average sits right at the round $10 markThere's not a lot of buzz on Wall Street today following the Fourth of July holiday on Thursday, butautomakers General Motors Company (NYSE:GM) and Ford Motor Company (NYSE:F) have grabbed some headlines. Data showed the companies posted another quarterly decline in sales in China amid the U.S.-China trade dispute. This news has the shar...Read More
Amazon said its minority investment in Deliveroo would be beneficial for all partiesShares of online powerhouse Amazon.com, Inc. (NASDAQ:AMZN) are down 0.5% at $1,928.63. Pressuring the stock is news a British competition regulator sent an initial enforcement order to Amazon, requiring it to pause its minority investment in U.K.-based mobile delivery service Deliveroo on concerns the two companie...Read More
KPTI options traders could be using calls to hedgeThe shares of Karyopharm Therapeutics Inc (NASDAQ:KPTI) are up 15.9% to trade at $10.31 today, as analysts react to Wednesday's news that the company won accelerated approval from the Food and Drug Administration (FDA) for Xpovio, their treatment for blood cancer. No fewer than six brokerages have hiked their price targets since the approval, the...Read More
Wall Street is worried that strong jobs data in June will discourage the Fed from cutting ratesDow futures are trading below fair value this morning, cooling from Wednesday's all-time highs after a better-than expected June payrolls report -- which has some investors tempering their expectations for a July interest rate cut from the Fed. Payrolls ramped up by a stronger-than-forecast 224,000 in Ju...Read More
It should be a relatively quiet day of trading on Wall StreetIt's set to be a quiet day on Wall Street following the Fourth of July holiday, but a handful of stocks are making big moves in early action, including Swedish drugmaker Oasmia Pharmaceutical (NASDAQ:OASM), French biopharmaceutical name DBV Technologies (NASDAQ:DBVT), and Tesla rival Nio Inc (NYSE:NIO). Here's a quick look at what's mo...Read More
TORONTO, July 02, Jul 02, 2019 (GLOBE NEWSWIRE via COMTEX) -- TORONTO, July 02, 2019 (GLOBE NEWSWIRE) -- Chantrell Ventures Corp. (Read full newsRead More
This is my second-last editorial for The Northern Miner, as I will soon depart to join gold miner Agnico Eagle Mines as a senior geologist in their Toronto head office, working on technical writing. Before I go, I'd like to pass on some lessons learned after 23 years at the Miner, including the past 14 years as editor-in-chief, beginning with some writing tips for aspiring business writers.Three b...Read More
With the increasing adoption of electric vehicles (EVs) and energy storage technologies, there is little doubt demand will grow for battery raw materials that must be sourced from the mining industry.We expect automotive companies and battery manufacturers to invest US$300 billion in the sector in the next 10 years, and they will require new battery mineral deposits to be developed.However, given...Read More
The company (TSXV: PAC) finished down 2.9% Thursday at 16c, capitalising it at nearly C$25 million. Its shares are down from 35c at the start of 2019."Pacton has a very strong portfolio of gold projects in Canada and Western Australia and has a comprehensive exploration program underway," Pacton executive chairman Dale Ginn said."We are particularly excited about the prospects for our Red Lake gol...Read More
The company has struck an option agreement to earn a 60% stake in the Makuutu project, described as one of the few large ionic clay-hosted REE deposits outside of China, with a good shot of beingRead More
With three AI and machine-driven systems that seek to better pinpoint mineral prospects, Brisbane-based Orefox now has six clients on its books.Read More
Russian diamond company Alrosa earned revenue of $10.3-million in its latest auction of special size rough diamonds weighing more than 10.8 ct, in Hong Kong.It sold 112 gem-quality rough diamonds with a total weight of 1 910 ct.AdvertisementBuyers from Hong Kong, India, Israel, Belgium, the United Arab Emirates and Russia participated in the auction."Despite the challenging situation in the d...Read More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumIn the two years since consolidating its Alaska holdings, the company has established a high-grade copper-gold resource at Zackly, attracted multinational miner Lundin Mining Corporation as a potential strategic partner for the surrounding Stellar project and has identified two high-priority targets, Saturn and Mars, for...Read More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumThe plaudit comes after assaying was completed on a hole that's now reported as containing 750m grading 0.6% copper and 0.2 grams per tonne gold from 204m depth.Read More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumAs reported this week, a blockade of the mine access roads was set up by locals, but the miner has since confirmed "local government units" prevented a large supply truck from accessing the mine siteRead More
Delays when flying are nothing new. An hour or so isn't too bad. But some delays can be absolutely horrible ...For instance, this year a United Airlines flight traveling from Newark to Hong Kong made an emergency landing at Goose Bay Airport, Canada. Passengers sat onboard for more than 14 hours with a dwindling supply of food while temperatures outside plummeted to -20F.Fortunately, there are som...Read More
Perhaps you've spent hours upon hours and a chunk of money to have your attorney draft documents so your assets will pass to your loved ones with minimal delay and expense.These might include a will, revocable living trust, durable power of attorney, durable financial power of attorney, and health care surrogate.You've even detailed who will receive each of your cherished mementos. Now that you've...Read More
In early 2017, Stornoway Diamond (TSX: SWY) achieved commercial production at its 100% owned Renard diamond mine in Quebec. The junior had a lot to celebrate. It had done the hard work of advancing a diamond mine by itself - one of few juniors to do so. It had overcome untold obstacles - including the infrastructure challenges that come with a remote site, a terrible financing environment in which...Read More