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 S&P and Nasdaq are up modestly at middayIt's a choppy trading session on Wall Street today, as Wall Street gets blitzed with trade buzz before this weekend's meeting between U.S. President Donald Trump and Chinese leader Xi Jinping at the G-20 summit. Most recently, top White House economic advisor Larry Kudlow said no preconditions have been arranged for the meeting, and the U.S. could implem...Read More
These stocks tend to wilt in the summer monthsThe stock market has been red-hot in June, with the S&P 500 Index (SPX) fresh off a recent record high. Turning our attention to July, however, several equities could begin to wilt, if history is any guide. Among the worst stocks to own in July is cloud concern Akamai Technologies, Inc. (NASDAQ:AKAM), while packaged food titan Campbell Soup Company (NY...Read More
U.S.-China trade drama will likely be a focal point tooThe first week of July -- although holiday-shortened -- brings plenty of action for investors.There will be the all-important Friday release of the June nonfarm payrolls report, on top of inflation data and remarks from Fed presidents to prepare for the upcoming July Fed meeting at the end of the month. Investors that diligently follow the ear...Read More
Intel is the middle of a rough patch on the chartsIt's been a rough few months for Dow component Intel Corporation (NASDAQ:INTC), suffering two bear gaps since the April peak of $59.59. INTC stock was last seen trading slightly lower at $48.12, after Wedbush weighed in with an "underperform" rating and $37.50 price target, obviously expecting further downside ahead for the equity. The majority of...Read More
CAG puts are flying off the shelves this morningShares of packaged food concern Conagra Brands Inc (NYSE:CAG) are slipping in early trading, down 9.1% at $26.30, on a disappointing fiscal fourth-quarter earnings report. The firm cited "isolated manufacturing-related challenges," as well as poor performances from its Hunt's and Chef Boyardee brands. As such, CAG stock is pacing for its worst day si...Read More
This is overshadowing a dreary earnings report and round of bear notesRite Aid Corporation (NYSE:RAD) stock is 5.6% higher this morning at $7.51, as news of a fresh FAANG partnership offsets a round of post-earnings bearish brokerage attention. Specifically, the drugstore inked a deal with Amazon.com (AMZN) that will allow for U.S. customers to choose Rite Aid as an Amazon pick-up option. The wel...Read More
The fitness chain is 61% higher year-over-yearShares of Planet Fitness Inc (NYSE:PLNT) are moving higher this morning, last seen up 1.2% at $72.49, after the stock received a fresh bull note out of Raymond James. The brokerage firm initiated coverage with an "outperform" rating and $80 price target, a nearly 12% premium to last night's close of $71.65. The firm credited its optimistic outlook tow...Read More
There's tremendous pessimism priced into ANF at the momentOne retailer is going all-in on the CBD buzz. Earlier today, Abercrombie & Fitch Co. (NYSE:ANF) expanded its partnership with Green Growth Brands to sell cannabidiol (CBD) products products in over 160 Abercrombie stores. Green Growth and Abercrombie initially inked a 10-store deal back in May.Despite the news, Abercrombie & Fitch stock i...Read More
U.S.-China trade relations will remain in focus todayStock futures are mixed, as fresh trade headlines hit ahead of tomorrow's G-20 summit. Specifically, the Wall Street Journal reported Chinese President Xi Jinping will give U.S. President Donald Trump terms needed for a trade deal, which could include lifting the ban on Huawei. Meanwhile, Dow Jones Industrial Average (DJI) futures are being wei...Read More
Vancouver, BC - good natured Products Inc. (TSX-V:GDNP) (the "Company" or "good naturedTM") is pleased to announce that Salil Munjal, Paul Antoniadis, Jim Zadra and Michael Thomson were re-elected as directors of the Company at the annual general and special meeting of shareholders of the Company (the "Meeting") held on June 27, 2019. Two other matters put forward to shareholders at the Meeting w...Read More
Mining major BHP (ASX: BHP) is at a multi-year high, rising within a whisker of its pre-GFC 2007 and 2011 boom-time peaks, hitting A$41.71 in Australian trade earlier today.The iron ore price is above US$115 per tonne for 62% fines according to MySteel on supply constraints, while gold is holding above $1,400 an ounce on the spot market.Metals and mining stocks closed about 1% higher in Toronto ye...Read More
It is understood the company has secured an initial US$16.3 million from private equity firm GenNx360 Capital Partners.GenNx360 is an existing lender and owns a large stake in Schramm's bankrupt parent company HDR Holding Inc.If all goes to plan, the deadline for the entry of the bidding will be July 19 and any transaction be closed by September 3.Schramm, founded in West Chester, Pennsylvania, in...Read More
Meanwhile the miner has announced an additional US$450 million spend to improve safety at the remaining structures at Córrego do Feijão and on recovery efforts.Luiz Augusto Pessoa Nogueira told The Wall Street Journal Vale might have carried out an explosion at its mine less than a mile from the dam, hours before it collapsed."This is one of the hypotheses that we are investigating a...Read More
VicenzaOro, the Italian trade show for gold and jewelry, will again present T.Evolution, its hub for technological innovation at the show that will take place in Vicenza from September 7-11, 2019. Vicenzaoro is organized by IEG - the Italian Exhibition Group. T.Evolution focuses on the technologies and digital methodologies that are play an increasingly central role in jewelry creation proce...Read More
The shareholders elected the following members to the Supervisory Board of Alrosa: Maria Vladimirovna Gordon (Independent Director) - Member of the Supervisory Board of the Moscow Exchange, Member of the Supervisory Board of Polyus; Evgenia Vasilievna Grigorieva - Minister of Property and Land Affairs of the Republic of Sakha (Yakutia); Kirill Alexandrovich Dmitriev - CEO, JSC Russian Direct Inves...Read More
LONDON – Ever wondered where that sparkly stone on your finger was dug up? Who polished it and where? The world’s top diamond producer wants to answer all your questions.Russia’s Alrosa PJSC is rolling out a program that will allow jewelry buyers to track their diamond’s history in detail, using an identity number and electronic and video passports, as part of efforts...Read More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumBut with nothing on the books just yet the pressure to secure a replacement project has been ratcheting up.Read More
Greenland shines brightly in the rare earth spotlightSPONSOREDgreenland mineralsBlack Rock readies for race to graphite productionSPONSOREDblack rock miningE25 powering towards Butcherbird PFSSPONSOREDelement 25Finally, a changed mining tech M&A landscapeSPONSOREDatricoEPA general counsel Matthew Leopold yesterday signed a memo directing the EPA to resume considering withdrawing the 2014 propo...Read More
Greenland shines brightly in the rare earth spotlightSPONSOREDgreenland mineralsBlack Rock readies for race to graphite productionSPONSOREDblack rock miningE25 powering towards Butcherbird PFSSPONSOREDelement 25Finally, a changed mining tech M&A landscapeSPONSOREDatricoCEO Neal Froneman said the option agreement would unlock immediate value for the group. In passing the baton, Sibanye believes...Read More
Greenland shines brightly in the rare earth spotlightSPONSOREDgreenland mineralsBlack Rock readies for race to graphite productionSPONSOREDblack rock miningE25 powering towards Butcherbird PFSSPONSOREDelement 25Finally, a changed mining tech M&A landscapeSPONSOREDatricoDespite the current lull from Minto's closure last year, Victoria Gold's Eagle is set to fly soon and Newmont Goldcorp's Coffe...Read More