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
Western Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesSocial opposition remains key industry hurdle in ColombiaSPONSOREDverisk maplecroft"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpLiving in the UK for so long, as I have...Read More
On March 5th, exactly 11 years to the day that De Beers Canada took control of operations at Victor Mine, the final haul truck brought the last load of ore from the pit to mark the end of mining activities at Ontario's first and only diamond mine. The honour of driving the last truck went to Nancy Wesley, of Kashechewan First Nation. She worked at Victor for 11 years, as a haul truck driver, dozer...Read More
Yesterday we sketched a brief scene of possible recession by next year - in time for the 2020 presidential election.Today we complete our portrait... tack it to the wall... and lean in for a deeper look.The president will certainly pin his reelection prospects upon a pulsating economy and an electric stock market.That is, No.1 recognizes his path to victory runs through America's wallets.Hence his...Read More
The largest pharmacy chain in the country is clearing shelf space for the hottest new drug out there: CBD.Starting now, you'll be able to purchase over-the-counter CBD products at more than 800 CVS stores all around the country. The products being sold at CVS are a mixture of creams, lotions, and vape pens.By now, you probably know that CBD - or cannabidiol - is the non-psychoactive compound in th...Read More
Silver Spruce Resources Inc. (TSXV:SSE) (Frankfort:S6Q1) (Read full newsRead More
The DJI briefly turned positive in late-day tradingThe Dow explored a 332-point range on both sides of breakeven. The bulk of the action occurred to the downside as a cooling 10-year Treasury yield and disappointing data out of China reignited concerns over a slowing global economy, while sinking crude futures weighed on oil major Exxon Mobil (XOM). Strong sessions for Apple (AAPL) and Boeing (BA)...Read More
After a 20,000-metre drill program last year at its Phoenix project in Red Lake, Rubicon Minerals (TSX: RMX) has increased measured and indicated resources by 110% to 589,000 oz. gold compared with the earlier estimate of 281,000 oz. gold, while gold grades fell 2% to 6.26 grams gold per tonne from 6.37 grams gold.Inferred resources fell 28% to 540,000 oz. gold compared to the previous estimate of...Read More
After a 20,000-metre drill program last year at its Phoenix project in Red Lake, Rubicon Minerals (TSX: RMX) has increased measured and indicated resources by 110% to 589,000 oz. gold compared with the earlier estimate of 281,000 oz. gold, while gold grades fell 2% to 6.26 grams gold per tonne from 6.37 grams gold.Inferred resources fell 28% to 540,000 oz. gold compared to the previous estimate of...Read More
After a 20,000-metre drill program last year at its Phoenix project in Red Lake, Rubicon Minerals (TSX: RMX) has increased measured and indicated resources by 110% to 589,000 oz. gold compared with the earlier estimate of 281,000 oz. gold, while gold grades fell 2% to 6.26 grams gold per tonne from 6.37 grams gold.Inferred resources fell 28% to 540,000 oz. gold compared to the previous estimate of...Read More
Meanwhile, Shoe Carnival is one of the best stocks on the Street todayThe Dow is declining today as Wall Street continues to focus on falling Treasury yields. Three stocks making big moves are weed concern Cronos Group Inc (NASDAQ:CRON), homebuilder Lennar Corporation (NYSE:LEN), and retailer Shoe Carnival, Inc. (NASDAQ:SCVL). Below, we'll take a closer look at the shares of CRON, LEN, and SCVL. A...Read More
CVS puts are going at an exceptional paceDrugstore name CVS Health Corp (NYSE:CVS) is lower with Centene (CNC) today, after the latter announced its plan to acquire WellCare Health (WCG) for an estimated $17.3 billion. CVS is also scheduled to appear before congress next week -- alongside major pharmaceutical names -- to discuss high prescription drug prices. At last check, CVS Health stock is do...Read More
The analyst initiated coverage with a "buy" rating and lofty price targetBiotech concern Xencor Inc (NASDAQ:XNCR) is higher today, after Berenberg Capital Markets initiated coverage with a "buy" rating and a $45 price target, which represents an almost 50% premium to Tuesday's close at $31.54. The brokerage firm predicts a rebound for XNCR, and waxed optimistic on the company's Ultomiris and MOR-2...Read More
[Editor’s note: This story was originally published in August 2018. It has since been updated and republished.]The stock market’s volatility in recent months has not made me less bullish on the five cheap stocks profiled in this article. Among these stocks, market movements can cause some noise. But the investment thesis on cheap stocks is predicated on huge moves higher in the long-te...Read More
Anglo Pacific Group is looking to expand in battery metals such as vanadium and ...Read full newsRead More
Anglo Pacific Group is looking to expand in battery metals such as vanadium and ...Read full newsRead More
The last truckload of kimberlite from Ontario's first and only diamond mine has left the pit. De Beers Canada said mining ceased at Victor mine on March 5 - 11 years to the day after the official opening in 2008.The honour of driving the last truck went to Nancy Wesley, of Kashechewan First Nation. She worked at Victor for 11 years, as a haul truck driver, dozer operator and production drill opera...Read More
The last truckload of kimberlite from Ontario's first and only diamond mine has left the pit. De Beers Canada said mining ceased at Victor mine on March 5 - 11 years to the day after the official opening in 2008.The honour of driving the last truck went to Nancy Wesley, of Kashechewan First Nation. She worked at Victor for 11 years, as a haul truck driver, dozer operator and production drill opera...Read More
The outperforming shares are holding above key supportMorgan Stanley chimed in on optical makers today. While the brokerage firm waxed optimistically on Lumentum (LITE), it struck a decidedly tone with Acacia Communications, Inc. (NASDAQ:ACIA). Specifically, the brokerage firm downgraded ACIA stock to "underweight" from "equal weight" on customer concentration risk next year, but boosted its price...Read More
The shares are prone to big earnings swings, tooRH Inc (NYSE:RH) -- formerly known as Restoration Hardware -- will report quarterly earnings tomorrow, March 28. Ahead of the event, shares of the home goods retailer are flashing a historic buy signal on the charts.RH stock has been sliding since its early March test of the $155-$160 region -- an area that's kept a lid on the equity's advances since...Read More
A look at some of the best sectors in April over the past 10 yearsWe recently outlined the best and worst stocks to own in the month of April, historically. Today, we're taking a broader look to see which sectors tend to shine next month. Among the best exchange-traded funds (ETF) to own in April over the past 10 years has been the VanEck Vectors Gaming ETF (BJK), which boasts casino stocks like L...Read More