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
When Walt Disney opened his first theme park in 1955, he had a problem: Families all over America were coming to Disneyland, but they left as soon as they went on all the rides they planned to go on.Walt needed to find a way to keep families at his theme park, or else he would take a hit in opportunity costs. That's when his team came up with the idea of having a fireworks show at the end of every...Read More
A historically important industry for the country, gold mining in Australia continues to boom across the country as development continues.Read full newsRead More
Trend for gold and silver is down at the moment. Demand in Asia will be the key. Look for short covering in gold and silver as the quarter comes to a close. Crude oil is fundamentally bearish. I expect lower demand in Asia in the upcoming quarter. Copper will volatile. 5 reasons why did gold and silver fell this week?1. US dollar gains as it acted as safe haven in currency markets.2....Read More
Trend for gold and silver is down at the moment. Demand in Asia will be the key. Look for short covering in gold and silver as the quarter comes to a close. Crude oil is fundamentally bearish. I expect lower demand in Asia in the upcoming quarter. Copper will volatile. 5 reasons why did gold and silver fell this week?1. US dollar gains as it acted as safe haven in currency markets.2....Read More
Source: Clive Maund for Streetwise Reports 03/28/2019Clive Maund sees some rough waters with gold and discusses how to play it.Note: This article was published on CliveMaund.com on March 27.I have not been happy about the pattern that has been forming in gold since it plunged rather rudely and sharply around the end of February. The concern that was engendered by that plunge and the accompanyi...Read More
Trade optimism helped the Dow to a triple-digit gainU.S. stocks spent the session higher, after Treasury Secretary Steven Mnuchin said the latest trade talks with China were "constructive." A Chinese delegation will travel to Washington, D.C., next week for another round of negotiations. The optimism pushed trade-sensitive stocks like Caterpillar (CAT) and Boeing (BA) higher, and helped the Dow to...Read More
A joint venture with Sony sends one stock to its best day everThe Dow is up triple digits this afternoon on U.S.-China trade talk optimism. Among the stocks making big moves higher today are construction name Eagle Materials Inc (NYSE:EXP), entertainment stock Chicken Soup For The Soul Entertainment Inc (NASDAQ:CSSE), and energy concern NextDecade Corp (NASDAQ:NEXT). Below, we'll take a closer loo...Read More
Growing hemp could be the solution for one junior gold miner with unused land and not enough money.The board of California Gold Mining Inc. has decided to propagate high-CBD industrial hemp seed on a portion of its property in the town of Fremont. Like most of its peers, the junior exploration mining company has struggled to grow. Its cash holdings were less than C$173,000 ($129,000) as of Nov. 30...Read More
Growing hemp could be the solution for one junior gold miner with unused land and not enough money.The board of California Gold Mining Inc. has decided to propagate high-CBD industrial hemp seed on a portion of its property in the town of Fremont. Like most of its peers, the junior exploration mining company has struggled to grow. Its cash holdings were less than C$173,000 ($129,000) as of Nov. 30...Read More
Alexco Resource has tabled a prefeasibility study (PFS) for its wholly owned Keno Hills silver project, in Yukon, that assigns the project a $101.3-million after-tax net present value at a 5% discount-rate, and a 74% after-tax internal rate of return (IRR).It assumes a life-of-mine $17.90 per oz. silver price.Alexco expects the underground operation would process 154,000 tonnes per year over an e...Read More
Alexco Resource has tabled a prefeasibility study (PFS) for its wholly owned Keno Hills silver project, in Yukon, that assigns the project a $101.3-million after-tax net present value at a 5% discount-rate, and a 74% after-tax internal rate of return (IRR).It assumes a life-of-mine $17.90 per oz. silver price.Alexco expects the underground operation would process 154,000 tonnes per year over an e...Read More
West Africa is well endowed with mineral resources, and many world-class deposits have been discovered there in recent years. The region is a key source of gold, iron ore, bauxite, diamonds, phosphate, uranium, and its mainly untapped mineral wealth provides exceptional greenfield development potential.But despite increased interest in the whole spectrum of commodities in West Africa, the region i...Read More
West Africa is well endowed with mineral resources, and many world-class deposits have been discovered there in recent years. The region is a key source of gold, iron ore, bauxite, diamonds, phosphate, uranium, and its mainly untapped mineral wealth provides exceptional greenfield development potential.But despite increased interest in the whole spectrum of commodities in West Africa, the region i...Read More
West Africa is well endowed with mineral resources, and many world-class deposits have been discovered there in recent years. The region is a key source of gold, iron ore, bauxite, diamonds, phosphate, uranium, and its mainly untapped mineral wealth provides exceptional greenfield development potential.But despite increased interest in the whole spectrum of commodities in West Africa, the region i...Read More
West Africa is well endowed with mineral resources, and many world-class deposits have been discovered there in recent years. The region is a key source of gold, iron ore, bauxite, diamonds, phosphate, uranium, and its mainly untapped mineral wealth provides exceptional greenfield development potential.But despite increased interest in the whole spectrum of commodities in West Africa, the region i...Read More
May's Brexit deal was struck down for a third timeU.S. stocks arehigher in afternoon trading, with the Dow Jones Industrial Average (DJI) boasting a 129-point lead, andthe Nasdaq Composite (IXIC) and S&P 500 Index (SPX) also in the black. Optimism over U.S.-China trade talks is lifting stocks, following U.S. Treasury Secretary Steven Mnuchin's tweet, with trade-sensitive Caterpillar (CAT) and B...Read More
The stock is pacing for its fourth straight winYesterday's earnings beat from Tommy Hilfiger parent PVH (PVH) created a halo lift for sector peer Hanesbrands Inc. (NYSE:HBI), which has extended this positive price action in today's trading -- up 1.2% at $17.93 -- pacing for its fourth day in the black. The stock is up 43.2% year-to-date, and back atop its 200-day moving average after a brief dip b...Read More
The Dow, S&P, and Nasdaq are up double-digit percentage points in the first quarterStocks bounced back big in the first quarter, with the Dow, S&P 500, and Nasdaq all pacing for double-digit percentage gains in the first three months of 2019, following their worst quarterly performances in years at the end of last year. While the price action has been more mixed in March -- with tech shares turnin...Read More