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

U.S. manufacturing PMI data for May was the worst since 2009The Dow Jones Industrial Average (DJI) is lower again as the trade picture seemingly gets murkier by the day. With concerns swirling about U.S.-China trade talks, or lack thereof, the tech sector is getting hammered, while the energy space is also struggling during a sell-off in oil prices. July-dated crude was last seen down 5.2% at $58....Read More

China's grip on the world's rare earths market is in focus once again amid speculation the dominant producer could choke off supplies as the trade war escalates. But they're not the only strategic minerals to watch if China's relations with the US deteriorate.The US relies on China for about 80% of its rare earths, which include neodymium, praseodymium and yttriumPresident Donald Trump's blitz on...Read More

The investment firm labeled VRNT stock a "strong sell"Verint Systems Inc. (NASDAQ:VRNT) stock is spiraling today -- down 8% at $56.25, pacing toward its worst day since Dec. 8, 2016, when it shed 10%. This follows a scathing report from Spruce Point Capital, which labeled the analytics stock with a "strong sell" opinion and said it sees 60%-70% downside for the shares.In its report, the investment...Read More

Vedanta Resources Ltd. is learning the hard way that when it comes to Zambia's copper-mining industry, history tends to repeat itself.Fifty years ago, Zambia's first post-independence leader Kenneth Kaunda nationalized mines owned by Anglo American Plc and Roan Selection Trust to rally his political supporters. Now populist President Edgar Lungu is taking legal steps to take over the operations of...Read More

The Victoria's Secret parent reported strong earningsShares of Victoria's Secret parent L Brands Inc (NYSE:LB) have gapped 14% higher to trade at $24.50, after the retailer reported a first-quarter earnings beat, driven by Bath & Body Works sales. The company also hiked the lower end of its full-year guidance. LB is on pace for its best day since October 2008.Today's impressive gains come as a r...Read More

The battered chip sector tends to do well after Memorial DaySince 2010, the U.S. stock market has tended to struggle during the shortened Memorial Day week. However, if recent history is any indicator, several stocks could buck the trend next week, including battered Apple supplier Broadcom Inc (NASDAQ:AVGO). Below, we take a look at the 25 best stocks to own the week of Memorial Day.Looking at S&...Read More

The International Monetary Fund arrived for its first talks with the Democratic Republic of Congo since 2015 as President Felix Tshisekedi seeks to repair relations with the Washington-based institution and fulfill a pledge to fight corruption.Tshisekedi, who replaced Joseph Kabila after elections in December, last month told delegates while on a visit to Washington that he'd come "to untangle the...Read More

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") announces that it has filed its 2019 Q1 financial results and will hold a conference call on Friday May 24th, 2019 at 09:00 AM EST to discuss the results and provide a corporate update.2019 Q1 Financial HighlightsRevenue for the quarter was $3.04M versus $3.02M in Q1 2018 as higher 4G portfolio sale...Read More

A growing U.S.-China trade spat is overshadowing WB's profit beatWeibo Corp (NASDAQ:WB) shares are trading down 11.8% at $45.12, fresh off a two-year low of $44.50. Media reports suggesting the U.S.-Sino trade dispute will turn into a "tech cold war" are weighing on Chinese stocks, and overshadowing WB's stronger-than-expected adjusted first-quarter profit. The Beijing-based social media site said...Read More

The brokerage firm believes a steel surplus will hurt pricesThe shares of AK Steel Holding Corporation (NYSE:AKS) are down 7.7% to trade at $2.05 this morning, and earlier touched a three-year low of $2.04. The new bottom comes after Credit Suisse downgraded the steel stock to "underperform" from "neutral," while trimming its price target to $1 from $3.50. The analyst in coverage believes a surpl...Read More

How's this for a study in contrasts: One of the world's biggest coal miners effectively says the industry is dying just days after Australia's opposition party suffered a shock election loss, partly blamed on its failure to unambiguously back a new coal mine.BHP Group Chief Financial Officer Peter Beavan told a strategy briefing on Wednesday that the world's biggest mining company has "no appetite...Read More

The FDA just gave Iovance's cervical cancer treatment a "breakthrough therapy" designationThe drugmaker Iovance Biotherapeutics Inc (NASDAQ:IOVA) is seeing a pop after the Food and Drug Administration (FDA) gave a "breakthrough therapy" designation to the company'scervical cancer treatment, LN-145. The FDA nod, which has the shares trading 6.1% higher at $17.65, came after the close Wednesday. Now...Read More

South Africa's Public Investment Corp. faces a tough choice: back Sibanye Gold Ltd.'s takeover of Lonmin Plc, and take a hit on its investment, or scupper the deal and risk having to pony up more cash for the platinum miner.When Lonmin shareholder votes are tallied next Tuesday at a meeting in London, the PIC's 30% stake would be enough to block the acquisition. While the takeover was originally t...Read More

Canadian precious metals producer McEwen Mining (TSX, NYSE:MUX) said Thursday it had begun commercial production at its Gold Bar project in Nevada, US, which is expected to generate 50,000 bullion ounces this year.The Toronto-based miner also said Jack Henris will be in charge of operations. Henris has years of experience in mine management, having worked at Newmont for 12 years and at Barrick f...Read More

Canadian precious metals producer McEwen Mining (TSX, NYSE:MUX) said Thursday it had begun commercial production at its Gold Bar project in Nevada, US, which is expected to generate 50,000 bullion ounces this year.The Toronto-based miner also said Jack Henris will be in charge of operations. Henris has years of experience in mine management, having worked at Newmont for 12 years and at Barrick f...Read More

Canadian precious metals producer McEwen Mining (TSX, NYSE:MUX) said Thursday it had begun commercial production at its Gold Bar project in Nevada, US, which is expected to generate 50,000 bullion ounces this year.The Toronto-based miner also said Jack Henris will be in charge of operations. Henris has years of experience in mine management, having worked at Newmont for 12 years and at Barrick f...Read More

Both stocks have been big winners alreadySoftware stocks Atlassian Corporation PLC (NASDAQ:TEAM) and VMware, Inc. (NYSE:VMW) have outperformed on the charts over the past year, and analysts are expecting more upside. Below is a look at this morning's Wall Street coverage on the shares of TEAM and VMW. Atlassian was upgraded to "equal-weight" from "underweight" at Morgan Stanley, which moved its...Read More

The Dow is set to open with a triple-digit lossU.S.-China trade tensions are back in the headlines this morning, withDow Jones Industrial Average (DJI) futures pointed toward yet another open in the red. Specifically, China's Ministry of Commerce spokesperson Gao Feng said the U.S. should "adjust its wrong actions" if it would like to continue trade negotiations, as the "crackdown on Chinese compa...Read More

State-controlled China Communications Construction Co (CCCC) and iron ore miner Vale SA have agreed to set up a steel mill in Brazil's northern state of Par?? with a $450 million investment, the state's government said on Thursday.Vale confirmed in a separate statement that it had signed a protocol of intentions to support the financial structure of the flat-rolled steel laminating venture by issu...Read More

Chile's Chemical and Mining Society (SQM), the world's second largest producer of lithium, expects demand for the key component in the batteries that power electric vehicles and cell phones to grow at "double-digit rates" this year.Reporting quarterly earnings, the Chilean miner said that despite prices being affected by new supply entering the market, the commodity will remain strong due to risin...Read More