The precious metals all soared in 2025, and while a continued monetary expansion and geopolitical risk could still drive gains especially for gold in 2026, a pullback in silver, platinum and palladium is possible after recent partly speculative surges.Read More
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
A short squeeze could keep the wind at GLPG's back Galapagos NV (NASDAQ:GLPG) and Gilead Sciences, Inc. (NASDAQ:GILD) stocks are higher this morning, after the companies reported positive data for a jointly developed drug to treat moderate-to-severe rheumatoid arthritis (RA). An analyst at SVB Leerink believes the the drug could be launched by 2020, while H.C. Wainwright has come forward with a p...Read More
The pharma stock just announced updates for two major drug trials for later this yearPharmaceutical concern Seelos Therapeutics Inc (NASDAQ:SEEL) is at the top of the Nasdaq after announcing its 2019 plans. The company anticipates it will dose the first patient with the life-threatening spinal disease Sanfilippo syndrome in a mid-stage trial with the company's experimental Trehalose treatment in t...Read More
Editor’s note: This story was previously published in January 2019. It has since been updates and republished.The potential to become wealthy often means investing in an enterprise when it is small and waiting for the entity to grow large. For this reason, many investors are willing to take chances on what they believe to be hot penny stocks. Investors in these stocks often lose everything &...Read More
Vladimir Putin's quest to break Russia's reliance on the U.S. dollar has set off a literal gold rush.Within the span of a decade, the country quadrupled its bullion reserves, and 2018 marked the most ambitious year yet. And the pace is keeping up so far this year. Data from the central bank show that holdings rose by 1 million ounces in February, the most since November.The data shows that Russia...Read More
Oil futures are rising today, tooDow Jones Industrial Average (DJI) futures are signaling a strong push higher, on renewed U.S.-China trade optimism. More specifically, U.S. Treasury Secretary Steven Mnuchin tweeted about "constructive trade talks in Beijing," with the two sides set to meet in Washington next week. Investors are also digesting a 0.1% monthly drop in the personal consumption expe...Read More
Southeast Asia could be a huge opportunity for AlibabaChinese tech giant Alibaba Group Holding Ltd (NYSE:BABA) is trading up 1.5% before the open, thanks to bullish analyst attention out of Baird. The brokerage firm lifted its price target to $195 from $178, citing what it sees as an undervalued asset in Alibaba's Lazada e-commerce business. Baird pointed to Lazada's footprint in Southeast Asia, a...Read More
Chilean state miner Codelco produced slightly less copper in 2018 than the year before, the company reported on Friday, as it continued to contend with declining ore grades and rising costs at its aging mines.Chief Executive Nelson Pizarro said the company produced 1.678 million tonnes of copper at its own mines in 2018, down 3.3 percent from the previous year, and a total of 1.806 million tonnes,...Read More
Canada's Maverix Metals (TSX-V: MMX) entered into a life of mine purchase and sale agreement this week for silver produced from the El Mochito mine, owned and operated by Ascendant Resources (TSX: ASND) in Honduras.El Mochito's production guidance for 2019 is between 850,000 and 1,200,000 ounces of contained silver in concentrateIn a press release, Maverix said it will make an advance payment of $...Read More
Canada's Maverix Metals (TSX-V: MMX) entered into a life of mine purchase and sale agreement this week for silver produced from the El Mochito mine, owned and operated by Ascendant Resources (TSX: ASND) in Honduras.El Mochito's production guidance for 2019 is between 850,000 and 1,200,000 ounces of contained silver in concentrateIn a press release, Maverix said it will make an advance payment of $...Read More
American Manganese (TSX.V: AMY) announced this week that it will participate in a U.S. Department of Energy project to advance the economic recovery of lithium-ion battery materials from electric vehicles and other consumer goods.In a press release, the British Columbia-based firm said the project is titled "Lithium-Ion Battery Disassembly, Remanufacturing, and Lithium & Cobalt Recovery Project" a...Read More
American Manganese (TSX.V: AMY) announced this week that it will participate in a U.S. Department of Energy project to advance the economic recovery of lithium-ion battery materials from electric vehicles and other consumer goods.In a press release, the British Columbia-based firm said the project is titled "Lithium-Ion Battery Disassembly, Remanufacturing, and Lithium & Cobalt Recovery Project" a...Read More
Artificial intelligence may revolutionize trading.Sometimes watching the market can feel like riding a roller coaster.Many investors feel glued to the news, watching the market rise and fall hundreds of points, day after day, week after week.But savvy traders know these market conditions mean huge profit potential for anyone that knows how to trade them.And one "secret" that more and more traders...Read More
More than three years after two treasure hunters claimed to have found a Nazi train laden with gold and gems in the Polish city of Walbrzych, one of the men looking for it has unearthed another kind of treasure: two dozen priceless Renaissance portraits.Piotr Koper, who spent years hunting for the elusive train rumoured to be laden with gold and gems, has found two dozen priceless Renaissance p...Read More
More than three years after two treasure hunters claimed to have found a Nazi train laden with gold and gems in the Polish city of Walbrzych, one of the men looking for it has unearthed another kind of treasure: two dozen priceless Renaissance portraits.Piotr Koper, who spent years hunting for the elusive train rumoured to be laden with gold and gems, has found two dozen priceless Renaissance p...Read More
More than three years after two treasure hunters claimed to have found a Nazi train laden with gold and gems in the Polish city of Walbrzych, one of the men looking for it has unearthed another kind of treasure: two dozen priceless Renaissance portraits.Piotr Koper, who spent years hunting for the elusive train rumoured to be laden with gold and gems, has found two dozen priceless Renaissance p...Read More
Shares in Petra Diamonds (LON:PDL) jumped more than 8% on Friday after the miner announced it had dug up a 425.1 carat, D-colour, Type II gem quality diamond at its iconic Cullinan mine in South Africa.The discovery comes less than a month after Petra found a 100.83 carat gem-quality white diamond at the same mine, source of the world's biggest-ever diamond, which was unearthed in 1905.Earlier in...Read More
Shares in Petra Diamonds (LON:PDL) jumped more than 8% on Friday after the miner announced it had dug up a 425.1 carat, D-colour, Type II gem quality diamond at its iconic Cullinan mine in South Africa.The discovery comes less than a month after Petra found a 100.83 carat gem-quality white diamond at the same mine, source of the world's biggest-ever diamond, which was unearthed in 1905.Earlier in...Read More
Federal mine safety officials have cited an Idaho-based company for inadequate safety controls at a gold mine it operates in northeast Nevada where a worker was killed in an underground collapse in October.Read full newsRead More
Now Sibanye will wind down Driefontein's operations within 10 years, with plans to cut thousands of jobs as it shuts unprofitable shafts.South Africa's gold industry employs just over 100,000 people, less than a fifth of the number that used to drive the apartheid economy.With most of the nation'Read full newsRead More
The amount of gold in proven and probable reserves at Guyana Goldfields' (TSX: GUY) Aurora mine in Guyana has been lowered 1.69 million oz., compared with estimates a year ago, based on "a new and more appropriate mine model," the company says.Total proven and probable reserves in open-pit and underground categories at the end of 2018 stand at 2.27 million oz. gold (in 26.95 million tonnes grading...Read More