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
The key executives behind Goldcorp's Coffee gold project in Yukon are back, this time leading a new junior miner called Tectonic Metals Inc. The company is seeking to raise C$5 million through a special warrant financing and pursuing a direct listing on the TSX Venture Exchange.Tectonic was founded nearly two years ago by Eira Thomas, Tony Reda and Rob Carpenter, who were key executive members of...Read More
The key executives behind Goldcorp's Coffee gold project in Yukon are back, this time leading a new junior miner called Tectonic Metals Inc. The company is seeking to raise C$5 million through a special warrant financing and pursuing a direct listing on the TSX Venture Exchange.Tectonic was founded nearly two years ago by Eira Thomas, Tony Reda and Rob Carpenter, who were key executive members of...Read More
The retail sector has been labeled a major potential loser in the tariff warFootwear was one of the categories included in the Trump administration's latest list of tariffs on imports from China. Fears around the outlook for the sector has resulted in bearish analyst attention for Skechers USA Inc (NYSE:SKX) and Steven Madden, Ltd. (NASDAQ:SHOO). Let's take a quick look at the analyst notes on SKX...Read More
The German automaker is planning a summer IPO for its truck unitNavistar International Corp (NYSE:NAV) stock is booming today, after Volkswagen announced initial public offering (IPO) plans for its Traton truck unit. The German automaker said it plans to price the shares this summer, and the IPO is expected to be Germany's biggest this year. The shares of NAV -- which owns a 16.85% stake in Traton...Read More
Toronto-based junior miner Orvana Minerals (TSX: ORV) posted a relatively strong fiscal second quarter ended March 31, 2019, with good performance from its two operating mines: the Don Mario gold mine in Bolivia and the El Valle gold-copper mine in Spain.Orvana recorded net income of $3.3 million on $36 million in revenue during the past quarter, compared with a net loss of $3.5 million on $37 mil...Read More
Toronto-based junior miner Orvana Minerals (TSX: ORV) posted a relatively strong fiscal second quarter ended March 31, 2019, with good performance from its two operating mines: the Don Mario gold mine in Bolivia and the El Valle gold-copper mine in Spain.Orvana recorded net income of $3.3 million on $36 million in revenue during the past quarter, compared with a net loss of $3.5 million on $37 mil...Read More
Toronto-based junior miner Orvana Minerals (TSX: ORV) posted a relatively strong fiscal second quarter ended March 31, 2019, with good performance from its two operating mines: the Don Mario gold mine in Bolivia and the El Valle gold-copper mine in Spain.Orvana recorded net income of $3.3 million on $36 million in revenue during the past quarter, compared with a net loss of $3.5 million on $37 mil...Read More
Toronto-based junior miner Orvana Minerals (TSX: ORV) posted a relatively strong fiscal second quarter ended March 31, 2019, with good performance from its two operating mines: the Don Mario gold mine in Bolivia and the El Valle gold-copper mine in Spain.Orvana recorded net income of $3.3 million on $36 million in revenue during the past quarter, compared with a net loss of $3.5 million on $37 mil...Read More
A large proportion of the minority shareholders in Rio Tinto Plc-controlled Turquoise Hill Resources voted against the re-election of the company's independent directors on Tuesday.While all seven directors were re-elected to the board, according to a Turquoise Hill filing, over 40% of Turquoise Hill's minority shareholders, including its second-biggest investor, Sailingstone Capital Partners, vot...Read More
A large proportion of the minority shareholders in Rio Tinto Plc-controlled Turquoise Hill Resources voted against the re-election of the company's independent directors on Tuesday.While all seven directors were re-elected to the board, according to a Turquoise Hill filing, over 40% of Turquoise Hill's minority shareholders, including its second-biggest investor, Sailingstone Capital Partners, vot...Read More
Plus, Disney will take full control of HuluStocks are moving sharply higher this afternoon, attempting a rebound while keeping an eye on the latest tweets from President Donald Trump. Three names maintaining investor focus today are drug concern Solid Biosciences Inc (NASDAQ:SLDB), blue chip Walt Disney Co (NYSE:DIS), and clothing giant G-III Apparel Group, Ltd. (NASDAQ:GIII). Below, we will dive...Read More
A wave of bull notes could bring more buyers to the tableThe shares of advertising giant Omnicom Group Inc. (NYSE:OMC) seem to be in the midst of a breakout, sporting a solid 8.6% year-to-date lead. The stock's current perch on the charts looks promising as it finds support from the $78 level, a previous level of resistance and site of an earnings bull gap from April.Wall Street is certainly not p...Read More
Blackrock Gold Corp. (TSXV:BRC, OTC:BKRRF, FRANKFURT:AHZ) is pleased to announce that Andrew Pollard has been appointed as Chief Executive Officer and as a member of the Board of Directors of the Company.Read full newsRead More
The index has done this just a dozen times since 2010China on Monday retaliated against increased U.S. tariffs, sending the major stock market indexes to their worst session in months. In fact, the S&P 500 Index (SPX) dropped more than 2% for the first time since early January. The last time the SPX fell more than 2% for the first time in at least three months was Oct. 10, at the start of the four...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee"), is pleased to announce the completion of the integration of its Mesh API intelligent content distribution platform with Amazon Seller Central and to also report the addition of Amazon Vendor Central, Amazon.ca, amongst other geography centers, to its list of Venzee Certified retailers.Venzee's channel partners...Read More
BHP on Tuesday admitted to institutional investors it "overinvested" in its Jansen potash project in Saskatchewan where the Anglo-Australian giant has already spent $2.7B over nearly six years.At a BofA Merrill Lynch mining and metals conference held in Barcelona, CEO Andrew Mackenzie said the company's "thinking around the project's initial scope has evolved":"However, Jansen remains an attracti...Read More
BHP on Tuesday admitted to institutional investors it "overinvested" in its Jansen potash project in Saskatchewan where the Anglo-Australian giant has already spent $2.7B over nearly six years.At a BofA Merrill Lynch mining and metals conference held in Barcelona, CEO Andrew Mackenzie said the company's "thinking around the project's initial scope has evolved":"However, Jansen remains an attracti...Read More
Jefferies is selling FIZZ stock ahead of earningsPut volume is running hot on National Beverage Corp. (NASDAQ:FIZZ), as the stock sells off on a bearish brokerage note. At last check, 1,452 puts were on the tape -- 34 times what's typically seen at this point in the day, and volume pacing in the 99th annual percentile -- compared to just 107 calls.Diving deeper reveals not all of the day's put vol...Read More
Stocks are broadly higher today The Dow Jones Industrial Average (DJI) is trying to claw back from one of the biggest pullbacks of the year in yesterday's trading, which was due to trade war fears. All three major indexes are trading sharply higher today, and attention is still on President Donald Trump's Twitter account, after he wrote that it would be "game over" with China if the Fed cut intere...Read More
The options market is pricing in a bigger-than-usual post-earnings move for CSCOCisco Systems, Inc. (NASDAQ:CSCO) earnings are due after the market closes tomorrow, May 15. The Dow stock's been relatively quiet on the charts in recent weeks, per its 60-day historical volatility of 16.3%, which ranks in the 11th annual percentile. However, the options market is anticipating a big move for Thursday'...Read More