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
Puts have been popular among Momo options tradersShares of Chinese tech giant Momo Inc (NASDAQ:MOMO) are inching higher this afternoon, last seen up 0.2% at $31.12. The equity has had a volatile year on the charts, recently seen stuck in a series of lower highs following its early January annual low of $22.50. Longer term, MOMO has shed 41% over the past 12 months. Further downside may be in the...Read More
Silver Spruce Resources Inc. (TSXV:SSE) (Read full newsRead More
The bear note comes amid valuation concernsThe shares of Walt Disney Co (NYSE:DIS) are down 1.2% at $139.94, after the Dow stock was hit with a rare bear note. Specifically, Imperial Capital downgraded Disney to "in line" from "outperform," saying the equity is now at "record multiples" following its recent rise up the charts. The brokerage firm maintained its price target of $147 -- modest upside...Read More
Options traders have been picking up SYMC callsThe last time we checked in on Symantec Corporation (NASDAQ:SYMC) a month ago it was selling off after an ugly earnings release, and Wedbush called the stock "dead money." After finding support in the $17.50-$18 area, SYMC stock closed last week at $19.36, and now another analyst is moving in, saying it's a good time to pick up the shares. Specificall...Read More
The retailer's registers experienced two separate malfunctions over the weekendThe shares of Target Corporation (NYSE:TGT) are tradinglower this morning, after the chain retailer's credit card system ran into two unrelated glitches on Saturday and Sunday that made it impossible to process certain payments. The first outage was due to an "internal technology issue," while the second outage was due...Read More
Most analysts are still skeptical of KDP, thoughThe shares of Keurig Dr Pepper Inc (NYSE:KDP) are up 2.7% to trade at $29.40 this morning, after BMO upgraded the beverage maker to "outperform" from "market perform." While also raising its price target to $34 from $27, the analyst in coverage glowed about the company's valuation, calling it a discount to Keurig's non-alcohol sector peers.Keurig D...Read More
Jefferies analyst Andy Barish weighed in on the stockCoffee chain Starbucks Corporation (NASDAQ:SBUX) tagged a new record high of $84.68 out of the gate on a bull note out of Jefferies, but was last seen down 0.2% at $84.05. Analyst Andy Barish lifted SBUX's price target to a Street-high $96 from $89, representing a healthy 14% premium to Friday's close of $84.24. Barish said while uncertainty su...Read More
There's a big M&A deal in healthcare, as wellFutures on the Dow Jones Industrial Average (DJI) are trading above fair value this morning, as Wall Street gears up for this week's Fed meeting. The S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are eyeing positive starts, too, as stocks try to extend last week's tailwinds. Meanwhile, there will be some economic data for traders to consider today, inc...Read More
Plus, the SPY strikes to watch on a Fed surprise"So now what? A full-fledged V-rally would push the SPX back to highs in the 2,950 area, but during the next two weeks -- up until June standard options expiration -- the SPY must first overcome peak call open interest at the 290 strike, which is equivalent to SPX 2,900. Many of the SPY 290-strike calls were bought to open, which means this strike co...Read More
How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More
Vancouver, British Columbia--(Newsfile Corp. - June 12, 2019) - Crystal Lake Mining Corporation (TSXV: CLM) (OTC PINK: SIOCF) (FSE: SOG-FF) (Read full newsRead More
The land package containing Red Pine Exploration's (TSXV: RPX) Wawa gold project in Ontario hosts numerous historic mines that in their heyday produced more than 120,000 oz. gold.The largest gold deposit Red Pine has identified so far on the property, 2 km southeast of the town of Wawa, is called Surluga, and this week the company updated a 2015 resource estimate, and marked an increase in grade,...Read More
Speaking at the opening session of the Kimberley Process Certification Scheme Intersessional Meeting (KPI) in Mumbai, World Diamond Council (WDC) President Stephane Fischler has called on Kimberley Process-member governments to do what is necessary to safeguard the interests of their mining communities and consequently optimize the developmental potential of their natural resources. "We must agre...Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsMembers of trade unions 1, 2 and 3 had voted in favour of strike action last month, saying the state-owned miner's final offer had made "a mockery" of their demands. Workers and their supporters marched "for dignity" in Calama on the weekend.The company is planning to cut more than 1,000 jobs as it transitions the 104-year-old...Read More
I had a great Father's Day weekend, spending time at the beach watching my daughter compete in a major surf contest at Huntington Beach.This week I'll watch her do an even bigger one - the USA championships at Lower Trestles, an invite-only Olympic development event. Quite honestly, my daughter amazes me. After just a few years in the sport, and just a few days after her twelfth birthday, she's al...Read More
After acquiring the Fekola gold project in southwestern Mali through a merger with Papillon Resources in 2014, B2Gold (TSX: BTO; NYSE-AM: BTG) started building the mine in 2015 and poured first gold in 2017.In 2018, its first full year of commercial production, Fekola produced 439,068 oz. gold at cash-operating costs of US$337 per oz., and all-in sustaining costs (AISCs) of US$533 per ounce.In add...Read More
Africa has been long renowned in the mining industry as the continent with many of the largest and richest mineral deposits on Earth. Despite listing commodity prices and some political difficulties, Africa continues to attract Canadian junior companies, especially to the goldfields of West Africa. Here is a quick look at eight such companies.AFRICAN GOLD GROUPToronto-based junior African Gold Gro...Read More
Strongbow reviving age-old Cornwall tin mining traditionSPONSOREDstrongbow explorationLithium's next generationSPONSOREDneo lithiumFinally, a changed mining tech M&A landscapeSPONSOREDatricoE25 powering towards Butcherbird PFSSPONSOREDelement 25Nothing like that is obvious today but there was a flash of something unusual happening last week when reports of delayed tin shipments by one of t...Read More
Northvolt, the ambitious project to establish Europe's first homegrown gigafactory once viewed with skepticism, just received a major endorsement that brings Europe one step closer to reality.The Northvolt project recently announced the agreement of a $1 billion equity capital raise led by Volkswagen Group and Goldman Sachs Merchant Banking Division.The joint venture between the Volkswagen Grou...Read More
Gold made gains this week as geopolitical issues continued to concern investors, making precious metals attractive as a safe haven.Read full newsRead More