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

Several Fed members will speak throughout the weekNext week will feature the latest Federal Open Market Committee (FOMC) meeting minutes, as well as several Fed speakers, including Fed Vice Chairman Richard Clarida. A few more earnings reports will roll out, with a focus on retail stocks, including reports from Home Depot (HD), Target (TGT), and Best Buy (BBY). Elsewhere, Wall Street will digest d...Read More

British Columbia's mining sector posted positive results for the second straight year in 2018 coming off a period of lower commodity prices and reduced activity, according to PwC Canada's latest BC Mine report.In total, BC miners posted a record high gross revenue of C$12.3 billion, compared with C$11.7 billion in 2017. Capital expenditures also fell to C$1.2 billion from C$1.5 billion.Key contrib...Read More

British Columbia's mining sector posted positive results for the second straight year in 2018 coming off a period of lower commodity prices and reduced activity, according to PwC Canada's latest BC Mine report.In total, BC miners posted a record high gross revenue of C$12.3 billion, compared with C$11.7 billion in 2017. Capital expenditures also fell to C$1.2 billion from C$1.5 billion.Key contrib...Read More

Puts are running hot as the chip stocks sinkPresident Donald Trump's latest efforts to stifle Huawei Technologies imports are weighing on several of the Chinese telecom company's U.S. suppliers. Among them are semiconductor concerns NeoPhotonics Corp (NYSE:NPTN) and Skyworks Solutions Inc (NASDAQ:SWKS). What's more, both NPTN and SWKS are seeing unusually heavy put volume this morning, pointing to...Read More

Higher prices for industrial precious metals palladium and platinum have boosted earnings at Sibanye-Stillwater, enabling the miner to repay debt and plan to resume dividends next year, its chief executive Neal Froneman said.Sibanye, once the industry's highest dividend payer, last made a payout to investors in 2016.The company also expects to halve the amount of job cuts previously announced in t...Read More

The two stocks are climbing the Nasdaq todayTwo biotech stocks are making noise this morning on Wall Street. First, there's Iovance Biotherapeutics Inc (NASDAQ:IOVA), up 42.2% to trade at $15.63, one of the best stocks on the Nasdaq this morning, after the company reported upbeat cancer drug data at the annual American Society of Clinical Oncology (ASCO) meeting. Analyst Biren Amin at Jefferies...Read More

Azerbaijan's leading gold mining company, Anglo Asian Mining, said on Thursday its gold output rose 22% in 2018 to 72,798 ounces from 59,617 ounces in 2017.London-listed Anglo Asian produces gold at Gedabek and other Azeri mines in a joint venture with the Azeri state in which the company holds 51%.The company said its total production of gold-equivalent ounces (GEO), which includes other metals,...Read More

Cisco Systems is eyeing a close back above the 40-day trendlineBlue chip Cisco Systems, Inc. (NASDAQ:CSCO) is up 5.1% at $55.12 this morning, after last night reporting fiscal third-quarter profit and sales that surpassed analyst estimates. The company cited router and switch sales, alongside cyber security strength, as the main catalyst behind the beat. Analysts have been quick to react to the...Read More

Azerbaijan's leading gold mining company, Anglo Asian Mining, said on Thursday its gold output rose 22% in 2018 to 72,798 ounces from 59,617 ounces in 2017.London-listed Anglo Asian produces gold at Gedabek and other Azeri mines in a joint venture with the Azeri state in which the company holds 51%.The company said its total production of gold-equivalent ounces (GEO), which includes other metals,...Read More

Azerbaijan's leading gold mining company, Anglo Asian Mining, said on Thursday its gold output rose 22% in 2018 to 72,798 ounces from 59,617 ounces in 2017.London-listed Anglo Asian produces gold at Gedabek and other Azeri mines in a joint venture with the Azeri state in which the company holds 51%.The company said its total production of gold-equivalent ounces (GEO), which includes other metals,...Read More

The firm reported revenue that fell below analysts' expectationsThe shares of retail stock Dillard's Inc (NYSE:DDS) are way lower this morning, after the firm reported first-quarter revenue below expectations. Plus, hedge fund Greenlight Capital dissolved its stake in the department store. As such, DDS shares have dropped 9.7% to $57.26 as a result.Dillard's stock today is now dangerously close to...Read More

Chinese alumina prices have jumped to a five-month high on news that at least two refineries in the province of Shanxi are being shut down pending environmental inspections.So far the market impact seems localised.Shanghai aluminium prices have risen on concerns about the potential knock-on effect on metal production in China. Alumina is the intermediate product derived from bauxite used to smelt...Read More

For two weeks in 2006, Australia's news cycle was dominated by the gripping and ultimately successful bid to rescue two men trapped in a collapsed gold mine. The real-life drama also unearthed an unlikely star - Bill Shorten, a union leader who's now poised to become the nation's prime minister."It was an incredible story and he made sure he was heavily involved in it," says Barry Easther, who at...Read More

Chinese tech stocks are under fire in the Trump administration's latest executive order Dow Jones Industrial Average (DJI) futures are pointed toward a positive open, as the latest quarterly earnings reports from Dow stocks Walmart (WMT) and Cisco (CSCO) exceeded analysts' expectations. Both WMT and CSCO are poised to open about 3% higher, offsetting a fresh round of U.S.-China trade tensions afte...Read More

Zimbabwe's biggest gold producer sued the country's central bank for $132 million because it has been paying for the metal in a local quasi-currency rather than U.S. dollars, highlighting the business sector's dissatisfaction with the nation's financial regime.Metallon Corp., which acquired Lonmin Plc's gold mines in Zimbabwe in 2002, wants an additional $5.8 million because the central bank preve...Read More

Zimbabwe's biggest gold producer sued the country's central bank for $132 million because it has been paying for the metal in a local quasi-currency rather than U.S. dollars, highlighting the business sector's dissatisfaction with the nation's financial regime.Metallon Corp., which acquired Lonmin Plc's gold mines in Zimbabwe in 2002, wants an additional $5.8 million because the central bank preve...Read More

With a new CEO, Veeral Rathod, who cofounded menswear fashion brand J. Hilburn, Spence Diamonds is expanding from its Canadian roots into the U.S. market offering lab-grown diamonds side-by-side with mined diamonds. For 80% of its customers, lab-growns are their choice.Read full newsRead More

Following the development of a reclamation program that involves the application of treated biosolids to the Central Tailings Area at the Copper Cliff nickel mine in Ontario, Vale Canada and its partner in the project, Terrapure Environmental, received an Environmental Leader Award for Project of the Year.Instead of incinerating or landfilling nutrient-rich organics, Terrapure worked with Vale to...Read More

Following the development of a reclamation program that involves the application of treated biosolids to the Central Tailings Area at the Copper Cliff nickel mine in Ontario, Vale Canada and its partner in the project, Terrapure Environmental, received an Environmental Leader Award for Project of the Year.Instead of incinerating or landfilling nutrient-rich organics, Terrapure worked with Vale to...Read More

Transition Metals (TSXV: XTM) announced this week that it has entered into an option agreement to acquire a 100% interest in the Cryderman gold property located near Shining Tree, Ontario.In order to move forward with the deal, the Sudbury-based firm has to issue $60,000 in cash and $110,000 in shares to the vendor and complete $300,000 in work over a three year period. If the company vests its in...Read More