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
SHOP could notch new highs again todayShopify Inc (NYSE:SHOP) scored a price-target raise to $240 from $210 at CIBC, with the brokerage firm maintaining its "outperform" rating ahead of earnings next Tuesday, April 30. CIBC said it was impressed by Shopify's improving trends in international markets and around its Plus e-commerce product, as well as its positive earnings history sinceits May 2015...Read More
Canadian miner Teck Resources Ltd , the world's second-biggest exporter of steelmaking coal, reported a better-than-expected quarterly profit on Monday, boosted by its energy business and a slight increase in commodity prices.The miner said even though commodity prices were lower than a year ago, prices rose during the first quarter and closed higher than prices at Dec. 31, 2018.The profit beat co...Read More
Canadian miner Teck Resources Ltd , the world's second-biggest exporter of steelmaking coal, reported a better-than-expected quarterly profit on Monday, boosted by its energy business and a slight increase in commodity prices.The miner said even though commodity prices were lower than a year ago, prices rose during the first quarter and closed higher than prices at Dec. 31, 2018.The profit beat co...Read More
More than 50 people were feared to have been killed in Myanmar when jade miners and machinery were buried under a mound of tailings late on Monday, a member of parliament and a rescue worker said.Three bodies had been pulled from the debris, Tin Soe, a lawmaker representing the jade-rich Hpakant area of Kachin state in the north, said on Tuesday.Deadly landslides and other accidents are common in...Read More
Oil prices are pointed higher, tooDow Jones Industrial Average (DJI) futures are modestly above fair value this morning, as Wall Street digests a heavy dose of blue-chip earnings. Among the winners are Coca-Cola (KO) and United Technologies (UTX), while Procter & Gamble (PG) stock seems set for a post-earnings slip. Traders are also keeping a close eye on oil prices, which continue to rise. At las...Read More
It could be a week to remember for SOCL as some of its top holdings take the earnings stageEarnings season is officially underway, and while bank and healthcare stocks have dominated Wall Street's attention lately, social media stocks could soon have their "moment in the sun." With Facebook (FB), Twitter (TWTR), and Snap (SNAP) set to report earnings this coming week, we decided to crunch the numb...Read More
Miners in Ontario are getting together and challenging each other in a series of events to honour the victims of the Hollinger Mine fire that claimed the lives of 39 miners in Timmins in 1928.At the 2019 Ontario Mine Rescue competition, workers from 20 mines in the eastern Canadian province will test their emergency response knowledge, firefighting skills, first aid response, use of emergency equi...Read More
Benchmark Metals (TSXV: BNCH) announced that on June 15, 2019, it will start a drilling program at the Lawyers gold-silver project located in British Columbia's Toodoggone Mineral District.In a media statement, the Edmonton-based firm said the drilling will focus on infill, step-out and deeper drilling to expand the current resources at the zones known as Cliff Creek and Dukes Ridge and establish...Read More
Benchmark Metals (TSXV: BNCH) announced that on June 15, 2019, it will start a drilling program at the Lawyers gold-silver project located in British Columbia's Toodoggone Mineral District.In a media statement, the Edmonton-based firm said the drilling will focus on infill, step-out and deeper drilling to expand the current resources at the zones known as Cliff Creek and Dukes Ridge and establish...Read More
Temperatures at the bottom of Australia's deepest gold mine are close to 30 degrees Celsius and the humidity is like something out of the tropics with long shifts making it a tough slog for miners.Read full newsRead More
The next financial bubble burst could be so massive, it even takes out gold. One economist is making a very bold prediction.This man says that the colossal financial bubble that exists in today's economy is stretching closer and closer to its breaking point.And when it does pop -- soon, very soon -- it's not only going to take out the entire stock market... it'll absolutely crush other assets too....Read More
Rio Tinto's (ASX, LON: RIO) iconic Argyle mine in Western Australia has yielded one of the largest rare, gem-quality white diamonds in its 35-year history.The 28.84-carat stone, named Argyle Octavia for its unusual octahedral shape, was found in March, the miner said.The octahedral-shaped 28-carat stone is one of the largest ever produced by Rio Tinto's Argyle diamond mine, located in east Kimberl...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata"), announce that Pelephone, a leading Israeli cellular carrier and provider of "Push-to-Talk" (PTT) communications, has launched the UV350 in-vehicle smartphone and UR7 ruggedized clamshell smartphone.Pelephone continues to establish its leadership in PTT as the premier mobile network provider in Isra...Read More
The London Metal Exchange (LME), the world's biggest market for industrial metals, said Tuesday it would only allow responsibly sourced brands to trade on the platform from 2022 on, as part of increasing efforts to root out ore mined using child labour.The initiative, one of the first launched by the organization to clean up the global supply chain of all its commodities, will require all listed b...Read More
The London Metal Exchange (LME), the world's biggest market for industrial metals, said Tuesday it would only allow responsibly sourced brands to trade on the platform from 2022 on, as part of increasing efforts to root out ore mined using child labour.The initiative, one of the first launched by the organization to clean up the global supply chain of all its commodities, will require all listed b...Read More
A mining company may look to bring its Nigerian gold project to the London market after securing $78m (£60m) in funding to bring the mine into production.Read full newsRead More
Keith Barron, who owns 53% of the common shares of Aurania Resources (TSXV: ARU; US-OTC: AUIAF), has agreed to loan the company up to $3 million to support exploration at its wholly-owned Lost Cities gold project in Ecuador.The chairman and CEO participated in the company's rights offering in March that raised $5.25 million. Barron acquired 1.48 million of the 1.95 million shares issued at $2.70 p...Read More
Peninsula Energy Ltd (ASX:PEN) has achieved another milestone in the regulatory approval process for the use of low pH solutions at the Lance Uranium Projects in Wyoming, US.The Uranium Recovery Program (URP) within the Wyoming Department of Environmental Quality (WDEQ) has completed its review of the amendment application and deems the amendment technically complete under relevant legislation.Dra...Read More
Largo's Maracas Menchen Mine in in Bahia State, Brazil. Source: Largo Resources Ltd.Largo Resources Ltd. [LTO-TSX; LGORF-OTCQX] said results for the first quarter of 2019 will be significantly impacted by the decline in the price of vanadium pentoxide [V2O5] since the start of this year. The company said results will also be affected by the measurement of trade receivables under an off-take agre...Read More
The Aurora Gold Mine in northwest Guyana. Source: Guyana Goldfields Inc.A proxy fight between Guyana Goldfields Inc. [GUY-TSX; GUYFF-OTC] and a group of dissident shareholders that includes the company's former CEO Patrick Sheridan is heating up again.On Tuesday, the company issued a news release to address what it described as false and misleading allegations and a threatened derivative action by...Read More