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

Gold traders wondering about bullion's 5% decline since its February high may not need to look any further than the calendar. That's because gold appears to follow a six-months-on, six-months-off seasonal pattern. We're right in the middle of the period of seasonal weakness, which likely could last through August. To be sure, this seasonal pattern doesn't always hold up every year. Its existence i...Read More

Gold traders wondering about bullion's 5% decline since its February high may not need to look any further than the calendar. That's because gold appears to follow a six-months-on, six-months-off seasonal pattern. We're right in the middle of the period of seasonal weakness, which likely could last through August. To be sure, this seasonal pattern doesn't always hold up every year. Its existence i...Read More

This week on TGSP, Jeremy hears an update from LDS (Lifestyle Delivery Systems) CEO Brad Eckenweiler about the challenges faced by Cannabis companies in California. Despite this, LDS is now seeing theRead full newsRead More

The American Exploration & Mining Association (AEMA) has made the following statement in response to the Subcommittee on Energy and Mineral Resources Hearing discussing Rep. Ra??l Grijalva's (D-Ariz.) Hardrock Leasing and Reclamation Act of 2019:The sweeping changes in Rep. Grijalva's legislation are unnecessary and a disaster in the making for the domestic mining industry and for America.The fact...Read More

The Young Mining Professionals (YMP) is bumping up its YMP Scholarship Fund for the 2019-20 academic year for students in mining-related university programs in Canada.The YMP Scholarship Fund is a a registered charity that donates 100% of its receipts to students via this scholarship program, and is eligible to offer tax receipts to its donors. These latest scholarships are being funded by Barric...Read More

The Young Mining Professionals (YMP) is bumping up its YMP Scholarship Fund for the 2019-20 academic year for students in mining-related university programs in Canada.The YMP Scholarship Fund is a a registered charity that donates 100% of its receipts to students via this scholarship program, and is eligible to offer tax receipts to its donors. These latest scholarships are being funded by Barric...Read More

The Young Mining Professionals (YMP) is bumping up its YMP Scholarship Fund for the 2019-20 academic year for students in mining-related university programs in Canada.The YMP Scholarship Fund is a a registered charity that donates 100% of its receipts to students via this scholarship program, and is eligible to offer tax receipts to its donors. These latest scholarships are being funded by Barric...Read More

Intel's ugly guidance weighed on chip stocksU.S.-China trade was undoubtedly the biggest theme this week, sending indexes deep into the red, while catapulting the market's "fear gauge," or Cboe Volatility Index (VIX), to multi-month highs. Specifically, Wall Street watched as the two nations tried -- and failed -- to hash out a trade deal before Friday, leading to increased tariffs on $200 billion...Read More

Uber stock's IPO priced at $45 per shareThe big day is finally here. Uber Technologies (NYSE:UBER) began trading on the Big Board today, after pricing its initial public offering (IPO) at $45 per share Thursday, valuing the ride-hailing icon at around $82 billion. At around noon today, Uber began trading at $42, 6.7% below the IPO price. As the event unfolds, there's been a lot to unpack.Uber CEO...Read More

Stock indexes are set to end the week with huge lossesThe Dow Jones Industrial Average (DJI) is down 300 points today following an increase in U.S. tariffs on Chinese goods and more tweeting this morning from President Donald Trump. Specifically, President Trump suggested the U.S. would stay patient in its pursuit of a trade deal with China, as the countries continue negotiations in Washington. Ou...Read More

The video game stock is lower in today's tradingTake-Two Interactive Software, Inc. (NASDAQ:TTWO) is slated to report fiscal fourth-quarter earnings after the market closes this Monday, May 13. Ahead of the event, TTWO stock is trading down 1.5% at $100.63, and if recent history is any guide, the shares could be headed even lower next week.Specifically, Take-Two Interactive stock has closed lower...Read More

MUMBAI/BENGALURU - Gold demand jumped this week in India due to increased retail purchases for a key festival and weddings on price corrections, while premiums in China eased as buying slowed in the world's top consumer.Gold futures in India fell to 31,240 rupees per 10 grams last week, the lowest in more than four months and down 8.2% from a 2019 high of 34,031 rupees hit in February."This year,...Read More

Call options traders have been favoring the stockShares of JD.com Inc (NASDAQ:JD) are up 5.6% at $29.04 in early trading, after the Chinese internet firm reported a first-quarter earnings beat, and said it renewed its cooperation agreement with Tencent Holdings for another three years. JD stock gapped lower on Monday, amid renewed U.S.-China trade tensions, but ultimately found support from its 2...Read More

Six brokerages have issued price-target cuts on SYMC alreadyIn early April, Symantec Corporation (NASDAQ:SYMC) stock was trading at its highest point in almost a year on a big bull note from Goldman Sachs. What a difference a month makes, as the cybersecurity specialist is now down 15.7% to trade at $18.69 this morning, on track for its worst day in nearly a year. While fiscal fourth-quarter adju...Read More

Options traders have been targeting the $30 levelPinterest Inc (NYSE:PINS) this morning received new coverage from Instinet, which gave the social media stock a "buy" rating and $34 price target. This follows a note out of Rosenblatt from Wednesday that put a "neutral" rating on PINS and a $32 price target. The other brokerages that had initiated coverage on the equity also had "hold" recommendati...Read More

The medical device firm reported first-quarter earnings and revenue that fell well below analysts' expectations A first-quarter revenue miss has medical device concern Nevro Corp (NYSE:NRVO) trading lower today. The shares are down 5% at $59.67 in early trading, after reporting a 6% revenue drop to $82.1 million versus analysts' estimated $87.5 million. The firm cited a decision earlier this year...Read More

PBYI is heading for its worst day since early NovemberThe shares of Puma Biotechnology Inc (NASDAQ:PBYI) have plunged 35.6% this morning to trade at $19.34 -- poised for their worst day since a 48% post-earnings drop back on Nov. 2. This comes in reaction to the drugmaker's first-quarter earnings report, which showed net product revenue was lower than expected. Net sales of PBYI's cancer drug Nerl...Read More

Managing the world's largest rainforest is a Brazilian affair and foreigners should stop meddling in the Amazon, President Jair Bolsonaro's top security adviser said in an interview."I don't accept this idea that the Amazon is world heritage, this is nonsense," General Augusto Heleno Pereira said in an interview in Brasilia. "The Amazon is Brazilian, the heritage of Brazil and should be dealt with...Read More

Managing the world's largest rainforest is a Brazilian affair and foreigners should stop meddling in the Amazon, President Jair Bolsonaro's top security adviser said in an interview."I don't accept this idea that the Amazon is world heritage, this is nonsense," General Augusto Heleno Pereira said in an interview in Brasilia. "The Amazon is Brazilian, the heritage of Brazil and should be dealt with...Read More

Talison Lithium, a partnership between China's Tianqi and U.S. group Albemarle, secured approval this week from the Western Australian Environmental Protection Authority (EPA) to expand the Greenbushes lithium mine in the southwest of the state.The decision came with a series of conditions, including the protection of the threatened black cockatoos, which are unique to Australia's south-west regio...Read More