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 Fed will announce its policy decision at 2 p.m. ETStocks are sticking to a tight trading range ahead of this afternoon's 2 p.m. ET release of the Federal Open Market Committee (FOMC) policy decision, while a subsequent press conference from Fed Chair Jerome Powell will also be in focus. While the central bank isn't expected to adjust interest rates at this month's meeting, Wall Street will be...Read More
Guggenheim initiated coverage on NETGEAR with a "buy" rating and $40 price targetThe shares of networking hardware specialist NETGEAR Inc (NASDAQ:NTGR) have been struggling on the charts lately. The security has been on a downward spiral since its post-earnings bear gap in April, and hit multi-year lows earlier this month. This recent negative price action hasn't deterred one analyst, though. Gugg...Read More
Southwest Airlines stock is trading near a number of key levels on the chartsSouthwest Airlines Co (NYSE:LUV) just announced an upwardly revised revenue per available seat mile (RASM) forecast for the second quarter, though the shares of the travel concern are slightly lower this morning at $51.07. Meanwhile, options traders will be watching the stock closely, as they have a decidedly put-skewed s...Read More
This is pacing to be ADBE's highest close since AprilThe shares of Adobe Inc (NASDAQ:ADBE) are up 3.3% to trade at $285.59 this morning, after the software name reported an adjusted fiscal second-quarter earnings beat of $1.83 per share. Adobe also reported quarterly revenue of $2.74 billion, surpassing the $2.70 billion estimate, with the company attributing the blowout report to growth in its...Read More
The brokerage firm also set a lofty price target on the Dow stockAmerican Express Company (NYSE:AXP) stock is trading near record-high territory, after Bank of America-Merrill Lynch initiated coverage with a "buy" rating and $145 price target -- a 17.5% premium to last night's close at $123.43. The brokerage firm called out several potential positive catalysts, including the lower interest rates a...Read More
There's a little bit more uncertainty around the Fed's decision this time than what's normally seenFutures on the Dow Jones Industrial Average (DJI) are pointing to a positive open this morning, trading cautiously above fair value. The trading action likely won't pick up in a major way until after the Fed's policy decision this afternoon, while investors will also be tuning in for the post-meeting...Read More
Options traders need to target stocks making fast, aggressive moves in the right directionHere at Schaeffer's Investment Research, we specialize in options trading. Even though an option contract's value is based off the stock price, a successful stock picker is not certain to be a profitable options trader. The main difference is that options have expiration dates. An options trader, therefore, n...Read More
TORONTO/LONDON (Reuters) - Ahead of Tuesday's deadline for Barrick Gold Corp to make a firm buyout bid for its Acacia Mining unit, a gold rally has eroded, but not eliminated, a discount and big Acacia shareholders say they still oppose the offer.Barrick must either firm up its proposal to acquireRead full newsRead More
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...Read full newsRead More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to announce that it has commenced a program of follow-up core drilling targeting extensions of the newly discovered Hurricane zone uranium mineralization at its 100% owned Larocque East property (the "Property") in the Eastern Athabasca Basin of Saskatchewan.HighlightsDrilling has begun with the collaring of drill hole LE19...Read More
"Had a very good telephone conversation with President Xi of China," US president Donald Trump tweeted earlier, saying the countries' teams would begin talks prior to the pair's meeting at G20 in Japan next week.Markets across the globe closed higher yesterday and were mostly set for a positive start today.Among the bigger moves by mining stocks on equity markets, Cobalt 27 Capital Corp (TSXV: KBL...Read More
Shamiso Mtisi, the Zimbabwean lawyer who heads the Kimberley Process (KP) Civil Society Coalition (CSC), who addressed the Opening Session of the Kimberley Process Intersessional Meeting (KPI) in Mumbai, India, emphasized that the discussions on the broadening of the KP scope, meaning the broadening of the term 'conflict diamonds' to included human rights violations, should not raise anx...Read More
The International Colored Gemstone Association (ICA) GemLab Ltd will be taking part in the Gemmological Laboratories Zone at the June Hong Kong Jewellery & Gem Fair, June 20 to 23, at the Hong Kong Convention & Exhibition Centre (HKCEC). Led by company director Omar Wahid Hatta and chief gemmologist Dietmar Schwarz, ICA GemLab will offer its Premium Report at the show, with the express ser...Read More
The Cultured Pearl Association of America (CPAA) announced the opening ff its 10th Annual International Pearl Design Competition (IPDC) today, complete with an exciting collaboration with a prominent retailer to showcase and sell winning designs. The contest is open today through October 4, 2019. The CPAA celebrates pearls of all varieties, so it encourages seasoned and award-winning artists and b...Read More
HRD Antwerp announced its expansion into the UK market with the opening of a new drop-off point in London's Hatton Garden,saying that it is to help combat the proliferation of lab-grown diamonds (LGDs). "The supply of laboratory grown diamonds is ever increasing. As a result, jewelers are unknowingly selling jewelry which features a mix of natural and lab-grown diamonds. HRD Antwerp is pleas...Read More
Sarine Technologies Ltd. has begun offering jewelry suppliers and retailers a "new, simple, automated and extremely cost-effective imaging and visualization service with interactive personalization functionality." The Israeli start-up Verto has developed an innovative imaging solution that generates high quality interactive video displays, derived automatically from but a handful of images capture...Read More
The Gemological Institute of America (GIA) will be taking part in the Gemmological Laboratories Zone at the June Hong Kong Jewellery & Gem Fair, June 20 to 23, at the Hong Kong Convention & Exhibition Centre (HKCEC). GIA will give show attendees the opportunity to see live demonstrations of its newest instruments: The GIA iD100???EUR? ? gem-testing device, the GIA UV Lamp and Viewing Cabin...Read More
WINDHOEK – Five African commercial banks have partnered in a $375-million financing deal to build a new diamond mining vessel for a subsidiary of Anglo American's diamond unit De Beers.Nedbank Namibia, RMB Namibia, Standard Bank, ABSA and Bank Windhoek agreed to provide 80% of the funding for the ship, which will be the world's largest of its type.AdvertisementDebmarine Namibia - a 5...Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsThe highly regarded junior has welcomed Lundin Mining Corporation as both a major shareholder (14.3%) and potentially as a joint venture partner at the 100%-owned Stellar project, aptly named for the porphyry copper-gold potential identified at Saturn, Mars, Gemini and Jupiter.PolarX's summer exploration focus will be on two key pro...Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsThe major can earn up to 80% of Janice Lake by spending C$30 million (US$22.3 million) on exploration over three years and paying Forum a total of $640,000, under an agreement struck last month.Read More