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

Shares of RNC Minerals (TSX: RNX) soared by over 22% on Thursday - taking the stock to over C$0.50 for the first time in two months - after another high-grade gold discovery yesterday at its Beta Hunt mine in Western Australia. This is the second discovery of significance at Beta Hunt in the past nine months.Last September, RNC unearthed more than 9,200 ounces of high-grade gold from a single bl...Read More

Shares of RNC Minerals (TSX: RNX) soared by over 22% on Thursday - taking the stock to over C$0.50 for the first time in two months - after another high-grade gold discovery yesterday at its Beta Hunt mine in Western Australia. This is the second discovery of significance at Beta Hunt in the past nine months.Last September, RNC unearthed more than 9,200 ounces of high-grade gold from a single bl...Read More

Chevron and Exxon Mobil are two of the best Dow stocks at middayThe Dow Jones Industrial Average (DJI) appears to be headed toward a fourth straight win, up on strength in energy stocks Chevron (CVX) and Exxon Mobil (XOM). While the big-cap index trades near its session highs, the S&P 500 Index (SPX) has pared a portion of its earlier gains and the Nasdaq Composite (IXIC) is struggling to stay in...Read More

Goldman took differing views on UAL and SAVEAnalysts at Goldman Sachs weighed in with opposing views on airline names United Continental Holdings Inc (NASDAQ:UAL) and Spirit Airlines Incorporated (NYSE:SAVE). Let's take a look at how shares of UAL and SAVE are trading in response. UAL was upgraded to "buy" from "neutral" at the brokerage firm, while the analyst maintained its $108 price target. Th...Read More

Solgold's (LON, TSX: SOLG) stock took another hit on Thursday, the day after submissions for a public hearing were heard in Ecuadorean Constitutional Court regarding the proposed referendum on mining in the provinces where the Australian miner's 85% owned Cascabel project and other wholly owned exploration projects are located. Solgold holds 72 mineral concessions in Ecuador through four...Read More

Solgold's (LON, TSX: SOLG) stock took another hit on Thursday, the day after submissions for a public hearing were heard in Ecuadorean Constitutional Court regarding the proposed referendum on mining in the provinces where the Australian miner's 85% owned Cascabel project and other wholly owned exploration projects are located. Solgold holds 72 mineral concessions in Ecuador through four...Read More

The retailer lowered its full-year forecast on tariff headwindsAt Home Group Inc (NYSE:HOME) stock is getting slaughtered today, down 47.2% to trade at $9.25 -- marking its first trip into single-digit territory since it began trading publicly in August 2016. The bear gap comes after the home decor retailer reported an adjusted first-quarter earnings miss of 21 cents per share, while same-store sa...Read More

QRVO is fresh off its worst month in over two yearsWhile Morgan Stanley dished out an upgrade to Advanced Micro Devices (AMD),Barclays doled out bear notes to its sector peers, downgrading Apple supplier Qorvo Inc (NASDAQ:QRVO) to "equal-weight" from "overweight" and trimming its price target to $60 from $70. The analyst in coverage warned of further trade war escalation, and a potentialresponse o...Read More

If push comes to shove, one of the world's largest gold miners is prepared to do an end run around the U.S. should President Donald Trump's threatened tariffs on Mexican goods bite.Agnico Eagle Mines Ltd. currently produces about 300,000 ounces of gold in Mexico that it refines in the U.S., all of which would likely be subject to the proposed tariffs, Chief Executive Officer Sean Boyd said Wednesd...Read More

If push comes to shove, one of the world's largest gold miners is prepared to do an end run around the U.S. should President Donald Trump's threatened tariffs on Mexican goods bite.Agnico Eagle Mines Ltd. currently produces about 300,000 ounces of gold in Mexico that it refines in the U.S., all of which would likely be subject to the proposed tariffs, Chief Executive Officer Sean Boyd said Wednesd...Read More

The company reported a decline in comparable sales and a revenue miss for its first quarter First quarter results from craft retailer Michaels Companies Inc (NASDAQ:MIK) has sparked some serious selling this morning. The firm reported a 2.9% decline in same-store sales for the period, and revenue that came in lower than analyst expectations. The company also predicted a potential 1.5% drop in comp...Read More

AMD has been making headlines this week with partnership newsTech giant Advanced Micro Devices, Inc. (NASDAQ:AMD) is back in headlines this morning, still receiving praise from its Monday announcement that it has partnered up with Samsung Electronics. Morgan Stanley this morning upgraded AMD to "equal weight" from "underweight," and hiked its price target to $28 from $17. The firm said it expects...Read More

With China threatening to curb exports of rare earth minerals, Lynas Corp is making an aggressive push for fresh business across the globe and billing itself as the best option for its customers to tap diversified supplies of the specialized materials.While Australia-based Lynas cannot match China's rare earths processing capability, it is hoping that its role as the largest rare earths miner and...Read More

Don't expect an upswing in the global uranium market anytime soon."In our models, we don't get excited on the demand side," said Galymzhan Pirmatov, chief executive officer of Kazatomprom, Kazakhstan's state-owned mining company that's the world's biggest supplier.Kazakhstan controls about 40% of the world's supply of the metal, and Kazatomprom accounts for half of that, making it the biggest prod...Read More

Don't expect an upswing in the global uranium market anytime soon."In our models, we don't get excited on the demand side," said Galymzhan Pirmatov, chief executive officer of Kazatomprom, Kazakhstan's state-owned mining company that's the world's biggest supplier.Kazakhstan controls about 40% of the world's supply of the metal, and Kazatomprom accounts for half of that, making it the biggest prod...Read More

A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More

The Dow is aiming for a fourth consecutive up dayInvestor hope for a potential Fed rate cut has stock futures trading above fair value, setting the Dow Jones Industrial Average (DJI) up for a fourth straight win. Also in focus are President Donald Trump's tweets about immigration and tariff discussions with Mexico from last evening, in which he wrote, "Progress is being made, but not nearly enough...Read More

Nyrstar has halted production at its Port Pirie lead smelter in Australia and declared force majeure, the Belgian-headquartered metals and mining company said on Thursday.It stopped output at Port Pirie on May 28 due to an unplanned outage at the blast furnace, a spokesman said in a email."We are currently in the process of assessing the outage and expect that production should resume within the c...Read More

Unions at Chile's Chuquicamata copper mine expressed disappointment in state-run miner Codelco's latest contract offer on Thursday but agreed to extend negotiations in hopes of averting a strike.Codelco, the world's largest copper producer, started government-mediated talks with unions 1, 2 and 3 at Chuquicamata last week after workers rejected the company's proposal.But the unions said they were...Read More

Americans' very way of life could be threatened, according to the man who predicted the downfall of Fannie Mae and Freddie Mac.No one believed Porter Stansberry years ago when he said the world's largest mortgage bankers (Fannie Mae and Freddie Mac) would soon go bankrupt.And no one believed him when he said GM would fall apart... or that the same would happen to General Growth Properties (America...Read More