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

State miner Codelco, the world's top copper producer, said on Wednesday that it had agreed on a new labor contract with the union of supervisors at its small Salvador mine in northern Chile.The union and company had entered into a government mediated negotiation earlier this month after supervisors rejected the company's previous offer and alleged that Codelco was putting undue pressure on its wor...Read More

The U.S. Interior Department on Wednesday renewed two mineral leases near the Boundary Waters Wilderness area in Minnesota, a key step in opening the popular wilderness and recreation area up to copper mining despite heavy opposition from local and national conservation groups.The department's Bureau of Land Management granted the hardrock mineral leases inside the Superior National Forest to Twin...Read More

Lithium Americas Corp, which is developing lithium projects in Argentina and Nevada, said on Wednesday that its quarterly loss shrank as costs fell and sales rose, and that its chief executive would retire.The company is one of a handful of junior miners around the world working to develop mines for lithium, a key metal used to make electric vehicle batteries.The company spent more than $45 millio...Read More

The brokerage firm expects the shares to doubleThe shares of eHealth, Inc. (NASDAQ:EHTH) are higher today, after analysts at SunTrust Robinson Humphrey hiked their price target by 33% to $120 -- roughly double yesterday's close. What's more, the online health insurance exchange provider is attracting fresh option bulls, with EHTH call volume running hot already today.eHealth shares were last seen...Read More

Azimut Exploration and SOQUEM, a subsidiary of Ressources Qu?(C)bec, have signed the final agreement of their expanded strategic alliance, previously announced on Feb. 25.The alliance comprises nine gold and copper-gold major properties totalling 7,149 claims with a surface area of 3,277 sq. km. The properties are located in the prospective Eeyou Istchee James Bay and Nunavik regions of Quebec. Th...Read More

Azimut Exploration and SOQUEM, a subsidiary of Ressources Qu?(C)bec, have signed the final agreement of their expanded strategic alliance, previously announced on Feb. 25.The alliance comprises nine gold and copper-gold major properties totalling 7,149 claims with a surface area of 3,277 sq. km. The properties are located in the prospective Eeyou Istchee James Bay and Nunavik regions of Quebec. Th...Read More

The FAANG stock is trading near a historically bullish trendlineIt's been a bumpy ride for Apple Inc. (NASDAQ:AAPL) in recent weeks, with the FAANG stock pressured by increasing U.S.-China trade tensions, as well as an unfavorable Supreme Court ruling. All hope is not lost for the tech shares, though, considering they are now trading near a trendline that's had bullish implications for AAPL in the...Read More

Test results from Marathon Gold's (TSX: MOZ) Leprechaun and Marathon deposits at the company's Valentine Lake gold camp in Newfoundland and Labrador demonstrate they are amenable to heap leaching.Selected intervals of mineralized material were shipped to SGS Canada last fall and highlights from the tests released today show a 72% gold extraction average for -25 mm crush size from the Leprechaun de...Read More

Test results from Marathon Gold's (TSX: MOZ) Leprechaun and Marathon deposits at the company's Valentine Lake gold camp in Newfoundland and Labrador demonstrate they are amenable to heap leaching.Selected intervals of mineralized material were shipped to SGS Canada last fall and highlights from the tests released today show a 72% gold extraction average for -25 mm crush size from the Leprechaun de...Read More

Test results from Marathon Gold's (TSX: MOZ) Leprechaun and Marathon deposits at the company's Valentine Lake gold camp in Newfoundland and Labrador demonstrate they are amenable to heap leaching.Selected intervals of mineralized material were shipped to SGS Canada last fall and highlights from the tests released today show a 72% gold extraction average for -25 mm crush size from the Leprechaun de...Read More

Test results from Marathon Gold's (TSX: MOZ) Leprechaun and Marathon deposits at the company's Valentine Lake gold camp in Newfoundland and Labrador demonstrate they are amenable to heap leaching.Selected intervals of mineralized material were shipped to SGS Canada last fall and highlights from the tests released today show a 72% gold extraction average for -25 mm crush size from the Leprechaun de...Read More

Fossil fuel never had a better friend in the White House than Donald Trump. So why, two years into his presidency, are investors favoring public companies devoted to renewable energy and giving the Bronx cheer to the coal, gas and oil crowd?Trump campaigned against the scientific consensus on climate change and promised to repeal any regulation that impeded the exploration, drilling, mining and bu...Read More

The legalization of recreational marijuana in Canada boosted first-quarter salesThe shares of cannabis concern Tilray Inc (NASDAQ:TLRY) were higher in early trading, after the firm shared its first-quarter results. However, while traders initially cheered the company's biggest revenue beat since going public -- thanks to the legalization of recreational marijuana in Canada last October -- TLRY sha...Read More

A plan to build Zimbabwe's biggest platinum mine at a cost of about $4 billion is floundering because a military stake in the project has deterred potential backers, according to people familiar with the funding discussions.The African Export-Import Bank has the mandate to raise money for the mine, a joint venture between Russian and Zimbabwean investors. While the bank provided $192 million of it...Read More

AMAT snapped a six-day losing streak yesterdayThe shares of Applied Materials, Inc. (NASDAQ:AMAT) are up 1.8% to trade at $40.73 today, after a big bull note from Susquehanna. The brokerage firm raised its rating on the semiconductor concern to "positive" from "neutral," while upping its price target to $60 from $34 -- a nearly 50% premium to last night's close. The analyst in coverage sees the s...Read More

Aurubis AG, Europe's largest copper producer, on Wednesday confirmed a reduced full-year earnings forecast on weak market environment and plant shutdowns, while posting a slump in its quarterly earnings.Aurubis expects operating pre-tax earnings (EBT) in its 2018/19 fiscal year to fall "significantly" by more than 15% compared with the previous year. The copper producer in February had forecast fu...Read More

Aurubis AG, Europe's largest copper producer, on Wednesday confirmed a reduced full-year earnings forecast on weak market environment and plant shutdowns, while posting a slump in its quarterly earnings.Aurubis expects operating pre-tax earnings (EBT) in its 2018/19 fiscal year to fall "significantly" by more than 15% compared with the previous year. The copper producer in February had forecast fu...Read More

The oversold stock just received another bull noteMKS Instruments, Inc. (NASDAQ:MKSI) received a bull note from Susquehanna this morning that gave the stock a "positive" rating along with a $123 price target. The price target is notable because MKSI shares settled at $80.75 on Tuesday, meaning the brokerage firm is betting on a 52% surge over the next year. However, such upbeat attention isn't rar...Read More

The retail shares have struggled over the long term, thoughMacy's Inc (NYSE:M) stock is up 3.4% in electronic trading, after the department store chain reported stronger-than-forecast first-quarter adjusted profit of 44 cents per share on in-line revenue of $5.5 billion. Plus, same-store sales climbed 0.7% in the three-month period -- more than analysts were expecting -- "supported by the Growth50...Read More

Retail sales disappointed in both the U.S. and China Futures on the Dow Jones Industrial Average (DJI) are pointedlower today, down nearly triple digits amid lingering concerns about the global economy. In China, ugly data on industrial production and retail sales fueled stimulus expectations. In the U.S., meanwhile, traders are digesting April retail sales that dropped 0.2%, falling short of the...Read More