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
South Africa's largest gold producer Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL), as the other top gold and platinum producers in the country, are preparing to hold wage negotiations in Q2-2019, and are bracing themselves to what is coming up, in particular with the belligerent Association of Mineworkers and Construction Union or AMCU.AMCU was responsible leading 70,000 mineworkers in the longest, mo...Read More
Gold demand was robust in India and Singapore this week as a correction in prices ahead of a key gold-buying festival boosted purchases even as major centres like China and Japan were closed for most of the week due to holidays.Gold demand spiked in India as a fall in prices to the lowest level in more than four months boosted retail purchases."Jewellers are aggressively buying as retail demand ha...Read More
Zambia will pay off all outstanding legitimate VAT refunds, but plans to press ahead with a new non-refundable sales tax despite criticism from some businesses as it strives to cut debt, its finance minister said on Friday.The proposed tax change in Africa's second biggest copper producing nation has upset the mining community, which has said the country is deterring new investment it desperately...Read More
Gold demand was robust in India and Singapore this week as a correction in prices ahead of a key gold-buying festival boosted purchases even as major centres like China and Japan were closed for most of the week due to holidays.Gold demand spiked in India as a fall in prices to the lowest level in more than four months boosted retail purchases."Jewellers are aggressively buying as retail demand ha...Read More
Disney's second feature adaptation of one of its classic tunes this year, Aladdin, hit tracking today with a combination of industry and tracking projections betting $70M-$90M over four-days....Read full newsRead More
Geomega Resources (TSXV: GMA) plans to put Canada on the map as a producer of rare earth elements (REE) - not by building a mine, although it hopes to do that one day too - but by initially recycling them from the permanent magnet industry with a technology developed by its privately controlled subsidiary, Innord.Geomega claims Innord's in-situ recovery (ISR) technology, which has been developed o...Read More
No one likes to pay taxes unnecessarily, but that's what a lot of people who inherit IRAs end up doing. Failing to track down the IRA basis associated with an inheritance can be a costly mistake.Read full newsRead More
No one really likes to think about their own mortality, which officially makes funeral planning one of the least-fun things that you do with your week. While you may have a general idea about how your final celebration of life should go, where you would like to be buried (or where your ashes will be scattered if you opt for cremation) there are dozens of other small decisions that will need to be...Read More
Publisher's Note: With stock indices getting back into all-time high territory, but a massive amount of contradictory economic indicators and outlooks, we turn to Mr. James Dines and his experience to take a cold, hard look at everything that's going on.Read on for an excerpt from the latest edition of The Dines Letter to take advantage of Mr. Dines' analysis.To your wealth,Nick Hodge@nickchodge...Read More
A team of German scientists published a paper this week where they state that, following a series of lab experiments, they discovered that the concentration of gold in the so-called 'fool's gold' is directly dependent on the content of arsenic in the pyrite where the gold is encrusted.Fool's gold is very common in the Carlin-type gold deposits that are found in Nevada. In those areas, which are re...Read More
A team of German scientists published a paper this week where they state that, following a series of lab experiments, they discovered that the concentration of gold in the so-called 'fool's gold' is directly dependent on the content of arsenic in the pyrite where the gold is encrusted.Fool's gold is very common in the Carlin-type gold deposits that are found in Nevada. In those areas, which are re...Read More
Golden Ridge Resources Ltd. (Read full newsRead More
Enables lower capital cost start-up option of selling concentrates from the NICO mine siteRead full newsRead More
Nexus Gold Corp. ("Nexus" or the "Company") (TSXV:NXS, OTC:NXXGF, FSE:N6E) is pleased to announce that it intends to extend the expiry date of an aggregate of 10,013,566 previously issued common share purchase warrants (the "Warrants") exercisable at $0.25.Read full newsRead More
The unemployment rate fell to a 49-year lowAll three stock market indexes managed big wins today, thanks to better-than-expected April jobs data. Specifically, the U.S. created 263,000 jobs last month, while the unemployment rate fell to a 49-year low of 3.6%. In addition, the Nasdaq got a boost from Amazon (AMZN), on news that Warren Buffett's Berkshire Hathaway is amassing a stake. Against this...Read More
Kyrgyzstan's parliament voted on Thursday to ban uranium exploration and mi...Read full newsRead More
The best part? It's risk-free. In an explosive report a former Lehman Brothers executive reveals one of Wall Street's most closely guarded investing secrets.The secret?A proven system for turning small sums of cash into vast windfalls of profits-without risking a penny in the stock market.Essentially, this system uses the latest advances in computer science and financial technology to give inve...Read More
Traders also digested better-than-expected jobs data this weekThe week started off on a high note, with the Nasdaq Composite (IXIC) and S&P 500 Index (SPX) each touching a fresh record peak. The Dow Jones Industrial Average (DJI) also got a lift early in the week, thanks to a round of strong earnings from big-cap pharma stocks, with all three indexes marking a fourth straight monthly gain. However...Read More
The shares remain well below their late-February IPO price, tooThe U.S. equities market is heading for a daily win, though the Dow still seems poised for its second straight weekly loss. Among individual stocks making notable moves today are e-sports name Super League Gaming Inc (NASDAQ:SLGG), implantable eye lens specialist STAAR Surgical Company (NASDAQ:STAA), and space technology firm Maxar Tec...Read More
The analyst's new price target represents expected upside of 51%Ahead of earnings next Tuesday, May 7, Oppenheimer initiated coverage of Allogene Therapeutics Inc (NASDAQ:ALLO) with an "outperform" rating. In addition, the brokerage firm set a lofty price target of $45 -- a 51% premium to Thursday's close. The brokerage firm waxed optimistic on Allogene's off-the-shelf CAR-Ts prospects and its al...Read More