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

Vancouver- based junior Forum Energy Metals' (CVE:FMC) stock exploded 75% Thursday morning, after it was announced the company had signed an option agreement with Rio Tinto Exploration Canada (RTEC) to earn an interest in the Janice Lake property in north-central Saskatchewan.Janice Lake is about 55km southeast of Key Lake Saskatchewan, and has geologic features that are analogous to the gian...Read More

Vancouver- based junior Forum Energy Metals' (CVE:FMC) stock exploded 75% Thursday morning, after it was announced the company had signed an option agreement with Rio Tinto Exploration Canada (RTEC) to earn an interest in the Janice Lake property in north-central Saskatchewan.Janice Lake is about 55km southeast of Key Lake Saskatchewan, and has geologic features that are analogous to the gian...Read More

Vancouver- based junior Forum Energy Metals' (CVE:FMC) stock exploded 75% Thursday morning, after it was announced the company had signed an option agreement with Rio Tinto Exploration Canada (RTEC) to earn an interest in the Janice Lake property in north-central Saskatchewan.Janice Lake is about 55km southeast of Key Lake Saskatchewan, and has geologic features that are analogous to the gian...Read More

China will tighten approvals of steel capacity swapping between companies and ban all new steel capacity in any form, the country's economic planner said on Thursday, in order to streamline the sector.The announcement follows illegal capacity expansions approved by local governments under the cover of capacity swaps, where companies move capacity between different regions to reduce the concentrati...Read More

Options traders have been loading up on puts ahead of the eventRalph Lauren Corp (NYSE:RL) will step into the earnings confessional next week, set to report fiscal fourth-quarter earnings before the open on May 14. Ahead of the event, the stock received a big upgrade from RBC, to "outperform" from "sector perform," as well as a price-target hike to $145 from $135. The analyst in coverage said the...Read More

The tech sector is getting crushedThe market sell-off is continuing at midday, with the Dow Jones Industrial Average (DJI) holding near session lows. A looming Friday deadline for more tariffs on Chinese goods has traders in sell mode, while the Cboe Volatility Index (VIX) spikes to levels not seen since early January. Tech shares in particular are seeing substantial losses, sending the S&P 500 In...Read More

Pot stock profit-share members could receive the next check soon.This one-of-a-kind marijuana profit-sharing plan that could quickly have investors sitting on $17,667... $25,921... $38,898... or even $55,563.And possibly a whole lot more.There are no age limits to this program.No income caps.No complicated hoops to jump through (joining only takes 90 seconds).And most importantly - there are zer...Read More

Pinterest will reveal its first earnings since going publicAlthough earnings season is coming to a close, some big names have yet to report. All eyes will be on Pinterest's (PINS) first earnings report since going public, as well as quarterly results from blue-chip concerns Walmart (WMT) and Cisco Systems (CSCO). Pot concerns Aurora Cannabis (ACB) and Tilray (TLRY) will unveil earnings this week...Read More

Sibanye Gold Ltd. faces competition from two rivals if it wants to buy South African gold mining assets that AngloGold Ashanti Ltd. plans to sell.Sibanye, headed by South Africa's prolific mining deal-maker, Neal Froneman, would be interested in purchasing AngloGold's remaining mine in the country. But he'd likely face a challenge from other producers, notably Harmony Gold Mining Co. and Chinese-b...Read More

The shares have been trending lower since last June's trading debutNoble Capital initiated coverage on electroCore, Inc. (NASDAQ:ECOR) with an "outperform" rating and $19 price target -- a 232% premium to last night's close at $5.71. The brokerage firm said the nerve stimulation specialist's gammaCore technology "is a compelling option for patients suffering from headache to provide pain relief,"...Read More

Sibanye Gold Ltd. faces competition from two rivals if it wants to buy South African gold mining assets that AngloGold Ashanti Ltd. plans to sell.Sibanye, headed by South Africa's prolific mining deal-maker, Neal Froneman, would be interested in purchasing AngloGold's remaining mine in the country. But he'd likely face a challenge from other producers, notably Harmony Gold Mining Co. and Chinese-b...Read More

Alamos Gold of Toronto is drilling more high grade intersections at the producing Island Gold mine 85 km northeast of Wawa. The company is focusing its attention on the Eastern, Main and Western extensions with both surface and underground drilling.Hole MH18-03 was drilled in the 500-metre gap between inferred resources of the Eastern and Main extensions. It assayed 46.11 g/t gold (26.81 g/t cut)...Read More

Alamos Gold of Toronto is drilling more high grade intersections at the producing Island Gold mine 85 km northeast of Wawa. The company is focusing its attention on the Eastern, Main and Western extensions with both surface and underground drilling.Hole MH18-03 was drilled in the 500-metre gap between inferred resources of the Eastern and Main extensions. It assayed 46.11 g/t gold (26.81 g/t cut)...Read More

Aluminium tied up in financing deals and collateral for loans, shortages and inventory draws will sustain prices in the physical market even as funds expecting sluggish demand sell derivatives.Financing deals involve buying aluminium now and selling it forward for a higher price and profit after storage and interest costs have been deducted. These deals are often on a monthly basis and rolled over...Read More

Stamps.com has struggled since its February bear gapShipping giant Stamps.com Inc. (NASDAQ:STMP) is getting slammed in this morning's trading, with the shares already down 54.3% at $38.07, fresh off a four-year low of $36.88. This comes after the company lowered its full-year revenue forecast, which is offsetting first-quarter adjusted profit and revenue beats. Brokerage firm Craig-Hallum quickly...Read More

The media company reported first-quarter earnings and revenue that beat analysts' expectations Shares of entertainment giant Fox Corp (NASDAQ:FOXA) are up in early trading, after the firm announced a first-quarter earnings beat, as well as year-over-year revenue growth that came in higher than analysts' estimates. The media concern's earnings report marks its first as a standalone company, after T...Read More

Investment in mineral exploration in Mexico hit a 12-year low last year, due mainly to social conflicts that forced some companies to halt operations, according to a report published this week by the country's mining chamber, Camimex.Around $383 million was invested in exploration in Mexico last year, down 37.4% from the $612 million registered in 2017Foreign and local companies invested about $38...Read More

Investment in mineral exploration in Mexico hit a 12-year low last year, due mainly to social conflicts that forced some companies to halt operations, according to a report published this week by the country's mining chamber, Camimex.Around $383 million was invested in exploration in Mexico last year, down 37.4% from the $612 million registered in 2017Foreign and local companies invested about $38...Read More

INTC is staring at its fourth straight loss Intel Corporation (NASDAQ:INTC) had an analyst day to forget yesterday, after the chip name forecast modest profit growth over the next three years. The gloomy forecast comes less than two weeks after INTC gapped lower after the company cut its 2019 revenue forecast to $69 billion from $71 billion.This has been followed by a downgrade to "market perf...Read More

Berenberg is targeting a nearly 20% slide for one retailerWedbush downgraded Abercrombie & Fitch Co. (NYSE:ANF) to "underperform" from "neutral," saying the retail stock is priced to "perfection." The brokerage firm also said it expects "measured guidance" when the clothing retailer reports earnings ahead of the open on Wednesday, May 29, as "data shows a sharp increase in discounting as the drive...Read More