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

Agnico Eagle Mines (TSX: AEM; NYSE: AEM) reported Friday Meliadine mine-its largest gold deposit in terms of resources - has achieved commercial production ahead of schedule and below the initial capital budget.With the gold price reaching a seven-week high, Agnico's shares were up 4.5% to C$59.20 in mid-morning trading on the TSX.Total project construction costs after crediting pre-commercial gol...Read More

Cienna stock just pulled back to a historically bullish signal on the chartsThe networking technology concern Ciena Corporation (NYSE:CIEN) has been trading lower on the charts since hitting its two-month peak of $40.76 in late April. Since stringing together seven consecutive losses, before bottoming out at a four-month low of $33.58 on May 15, CIEN has been consolidating between the $34 and $35....Read More

Auto stocks are getting smokedStocks are selling off today, with the Dow Jones Industrial Average (DJI) down 217 points and set for its first close below the 25,000 mark since January. The risk-off approach comes after President Donald Trump announced Mexico as his latest tariff victim, putting intense pressure on auto stocks in particular. The energy and tech sectors are also seeing notable losse...Read More

The silver miners' stocks have been pummeled in recent months, plunging near major secular lows in late May. Sentiment in this tiny sector is miserable, reflecting silver prices continuing to languish relative to gold. This has forced traditional silver miners to increasingly diversify into gold, which has far-superior economics. The major silver miners' ongoing shift from silver is apparent...Read More

Plus, options are attractively priced at the momentAlthough down today, Enphase Energy Inc (NASDAQ:ENPH) is only two days removed from four-and-a-half year high of $16.29. As the energy stock heads toward its fifth straight monthly win, there's reason to believe the good times are far from over, if this historical indicator is to be trusted.Specifically, the stock's Schaeffer's Volatility Index (...Read More

Canada's Pure Gold Mining (TSX-V: PGM), which recently listed in London, has started its 2019 exploration program at its 100%-owned Madsen Red Lake gold mine in Ontario.The Vancouver-based miner said it would focus on the Wedge, Fork, and Russet South satellite deposits with the purpose of converting and growing mineral resources used in the recently released preliminary economic assessment (PEA...Read More

Canada's Pure Gold Mining (TSX-V: PGM), which recently listed in London, has started its 2019 exploration program at its 100%-owned Madsen Red Lake gold mine in Ontario.The Vancouver-based miner said it would focus on the Wedge, Fork, and Russet South satellite deposits with the purpose of converting and growing mineral resources used in the recently released preliminary economic assessment (PEA...Read More

Canada's Pure Gold Mining (TSX-V: PGM), which recently listed in London, has started its 2019 exploration program at its 100%-owned Madsen Red Lake gold mine in Ontario.The Vancouver-based miner said it would focus on the Wedge, Fork, and Russet South satellite deposits with the purpose of converting and growing mineral resources used in the recently released preliminary economic assessment (PEA...Read More

Fidelity International, one of the largest shareholders in Acacia Mining, said on Friday Barrick Gold's low bid to buy the Acacia shares it does not already own showed a lack of judgment and it was a "no brainer" to reject it.The comments in an interview are the first public response from one of Acacia's top shareholders since Barrick's offer earlier this month to buy them out for $787 million.Bar...Read More

Fidelity International, one of the largest shareholders in Acacia Mining, said on Friday Barrick Gold's low bid to buy the Acacia shares it does not already own showed a lack of judgment and it was a "no brainer" to reject it.The comments in an interview are the first public response from one of Acacia's top shareholders since Barrick's offer earlier this month to buy them out for $787 million.Bar...Read More

The chip stock is pacing for its worst month since the October sell-offIt's been a rough month for the stock market, with chip stocks hit particularly hard amid the escalating U.S.-China trade war. NVIDIA Corporation (NASDAQ:NVDA) stock is no exception, on pace to end its fourth straight week in the red, and set for its steepest monthly slide since the October sell-off. What's more, NVDA's technic...Read More

Tariff concerns have overshadowed Amazon's interest in Boost MobileE-tail powerhouse Amazon.com, Inc. (NASDAQ:AMZN) is back in headlines this week, today seeing a steep pullback alongside its fellow FAANG stocks in response to the latest tariff threat from President Donald Trump. At last check, AMZN is trading 1.6% lower at $1,787.44. Also making headlines for Amazon is its reported interest in b...Read More

The shares have gained more than 11% so far this monthIt's been a dismal month for the U.S. stock market, with the S&P 500 Index (SPX) pacing toward a 6.5% May decline. However, video game stock Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has been a bright spot amid the broader battering, up 11% from its April 30 close, and headed for its third straight monthly gain.In fact, the shares have...Read More

Gold jumped out of the gate on Friday, rising more than 1% in heavy volumes as investors seek a safe haven amid a widening trade war unleashed by US President Donald Trump.Gold for delivery in August, the most active futures contract, reached a high of $1,311.80 an ounce, the highest in seven weeks with 29m ounces changing hands in New York by lunchtime.Trump's plan to impose a 5% tariff on all Me...Read More

Gold jumped out of the gate on Friday, rising more than 1% in heavy volumes as investors seek a safe haven amid a widening trade war unleashed by US President Donald Trump.Gold for delivery in August, the most active futures contract, reached a high of $1,311.80 an ounce, the highest in seven weeks with 29m ounces changing hands in New York by lunchtime.Trump's plan to impose a 5% tariff on all Me...Read More

Gold jumped out of the gate on Friday, rising more than 1% in heavy volumes as investors seek a safe haven amid a widening trade war unleashed by US President Donald Trump.Gold for delivery in August, the most active futures contract, reached a high of $1,311.80 an ounce, the highest in seven weeks with 29m ounces changing hands in New York by lunchtime.Trump's plan to impose a 5% tariff on all Me...Read More

With rare earths in the cross hairs of the U.S.-China trade war, there's a sharp focus on who else can sell the critical minerals.Russia could become one supplier. The country accounts for less than 2% of global production, but owns the world's fourth-biggest reserves, according to the U.S. Geological Survey. There are two projects that could come online by 2023, but they've been set back by delay...Read More

After months of apprehension, fragments of the northern slope of Vale's (NYSE:VALE) Gongo Soco mine, in the southeastern Brazilian state of Minas Gerais, has begun to gradually slide into the bottom of the open pit, reducing the risk of a new dam break, the company said on Friday."These pieces settled gently at the bottom of the pit with early assessments indicating that the wall is sliding gradu...Read More

After months of apprehension, fragments of the northern slope of Vale's (NYSE:VALE) Gongo Soco mine, in the southeastern Brazilian state of Minas Gerais, has begun to gradually slide into the bottom of the open pit, reducing the risk of a new dam break, the company said on Friday."These pieces settled gently at the bottom of the pit with early assessments indicating that the wall is sliding gradu...Read More

Gold premiums in top consumer China rose this week as investors bought the metal as a safe-haven due to rising trade tensions with the United States, while bullion demand moderated in India as local prices jumped to two-week highs.In China, premiums rose to about $14-$18 an ounce over the benchmark from $12-14 an ounce last week."Investment demand has been picking up, due to uncertainties on trade...Read More