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
CREE topped out at a new high earlier Cree, Inc. (NASDAQ:CREE) stock is red-hot today -- up 6.9% at $57.25, and fresh off a nearly five-year high of $57.51. Fueling the upside is news the LED specialist is selling its lighting products business to Ideal Industries, which Canaccord Genuity said allows CREE "to remain focused on growth opportunity" in its Wolfspeed division. This is strengthening br...Read More
Options volume has ramped up on ULTA today, tooThe Dow is heading toward a solid weekly win as Wall Street's "fear gauge" sinks. Drugmaker Soleno Therapeutics Inc (NASDAQ:SLNO) and cosmetics peddler Ulta Beauty Inc (NASDAQ:ULTA) are two stocks making notable moves higher today. Here's a quick look at what's got the shares of SLNO and ULTA climbing today. Upbeat Late-Stage Study Sends SLNO to Be...Read More
The ABCs of call and put optionsWhile trading options can be a profitable practice for "vanilla" bulls and bears, these investment vehicles can be traded to fit almost any outlook on a stock. Today, we will discuss the specifics of buying and selling options, and the underlying objective, maximum profit potential, andrisk of each trading strategy.Buying and Selling Put OptionsTypically a trader wh...Read More
Boeing created headwinds for the Dow this week, thoughStocks rebounded after last week's dismal performance, with the major market indexes snapping their longest consecutive stretch of daily losses since before the 2016 U.S. presidential election. While the tech-heavy Nasdaq outperformed its peers on a strong showing from Apple (AAPL), the Dow managed to brush off stiff Boeing (BA) headlines and m...Read More
The two largest gold miners - Barrick and Newmont Mining - announced a joint venture (JV) in their Nevada operations to create the world's single largest gold producing company with a reserve base of 48 million ounces in the ground. The JV is estimated to save both companies $500 million in the first five years of operations due to sharing resources and tax breaks, according to GMP Securities equ...Read More
Continental Gold's (TSX:CNL; OTCQX:CGOOF) shares surged over 11% on Friday, the same day the Toronto- based miner announced that it obtained a $175 million financing package backed by Newmont and Triple Flag Mining Finance.The package includes a $50 million debenture from Newmont, and a $100 million gold and silver stream from Triple Flag . Each of the debentures will be convertible at the h...Read More
Continental Gold's (TSX:CNL; OTCQX:CGOOF) shares surged over 11% on Friday, the same day the Toronto- based miner announced that it obtained a $175 million financing package backed by Newmont and Triple Flag Mining Finance.The package includes a $50 million debenture from Newmont, and a $100 million gold and silver stream from Triple Flag . Each of the debentures will be convertible at the h...Read More
Continental Gold's (TSX:CNL; OTCQX:CGOOF) shares surged over 11% on Friday, the same day the Toronto- based miner announced that it obtained a $175 million financing package backed by Newmont and Triple Flag Mining Finance.The package includes a $50 million debenture from Newmont, and a $100 million gold and silver stream from Triple Flag . Each of the debentures will be convertible at the h...Read More
Broadcom is giving chip stocks a liftThe Dow Jones Industrial Average (DJI) is higher at midday, as investors continue to cheer encouraging U.S.-China trade updates. Chip stocks are also notably higher, thanks to strong earnings from Broadcom (AVGO), which has the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) well into positive territory. Meanwhile, the Cboe Volatility Index (VIX) -- or the st...Read More
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) reported 2018 income of $394.3 million-a 255.4% jump over 2017's $110.9 million-driven by an increase in gold production and sales from its Oyu Tologi copper-gold mine in Mongolia.Gold production surged 150% year-on-year to 285,000 ounces, while copper production of 159,100 tonnes marked a 1.1% increase over 2017. The income jump was driven by an inc...Read More
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) reported 2018 income of $394.3 million-a 255.4% jump over 2017's $110.9 million-driven by an increase in gold production and sales from its Oyu Tologi copper-gold mine in Mongolia.Gold production surged 150% year-on-year to 285,000 ounces, while copper production of 159,100 tonnes marked a 1.1% increase over 2017. The income jump was driven by an inc...Read More
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) reported 2018 income of $394.3 million-a 255.4% jump over 2017's $110.9 million-driven by an increase in gold production and sales from its Oyu Tologi copper-gold mine in Mongolia.Gold production surged 150% year-on-year to 285,000 ounces, while copper production of 159,100 tonnes marked a 1.1% increase over 2017. The income jump was driven by an inc...Read More
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) reported 2018 income of $394.3 million-a 255.4% jump over 2017's $110.9 million-driven by an increase in gold production and sales from its Oyu Tologi copper-gold mine in Mongolia.Gold production surged 150% year-on-year to 285,000 ounces, while copper production of 159,100 tonnes marked a 1.1% increase over 2017. The income jump was driven by an inc...Read More
Silvercrest Metals (TSXV: SIL; NYSE: SILV) has upgraded the resource at its Las Chispas silver-gold property in Sonora, Mexico, to the indicated category for the first time.The project now contains 1 million indicated tonnes grading 6.98 grams per tonne gold and 710.6 grams silver, or 1,234 grams silver equivalent, for 224,900 oz. gold and 22.89 million oz. silver, or 39.8 million oz. silver equi...Read More
Silvercrest Metals (TSXV: SIL; NYSE: SILV) has upgraded the resource at its Las Chispas silver-gold property in Sonora, Mexico, to the indicated category for the first time.The project now contains 1 million indicated tonnes grading 6.98 grams per tonne gold and 710.6 grams silver, or 1,234 grams silver equivalent, for 224,900 oz. gold and 22.89 million oz. silver, or 39.8 million oz. silver equi...Read More
Silvercrest Metals (TSXV: SIL; NYSE: SILV) has upgraded the resource at its Las Chispas silver-gold property in Sonora, Mexico, to the indicated category for the first time.The project now contains 1 million indicated tonnes grading 6.98 grams per tonne gold and 710.6 grams silver, or 1,234 grams silver equivalent, for 224,900 oz. gold and 22.89 million oz. silver, or 39.8 million oz. silver equi...Read More
The FAANG stock has been range-bound since mid-JanuaryOnline powerhouse Amazon.com, Inc. (NASDAQ:AMZN) is up 1% at $1,702.88, after KeyBanc upgraded its coverage to "overweight" and initiated a price target of $2,100 -- a roughly 25% premium to Thursday's close, and in uncharted territory. The brokerage firm applauded "a number of operational moves to improve profitability in core retail," includ...Read More
The FDA just approved Arcadia's Sonova GLA safflower oil in cat foodThe shares of Arcadia Biosciences (NADSAQ:RKDA) are up 17.7% at $8.23 after the agricultural biotech company got approval from the Food and Drug Administration (FDA) to use its Sonova GLA safflower oil in cat food. The oil has been used in nutritional supplements for humans since 2009 and in dog food since last year. The stock is...Read More
Take advantage of the first amendment, and participate in a nation-wide poll.With the 2020 election growing ever closer, the country continues to be divided politically.From disputes about the appropriateness of displaying the Confederate flag, to rights for minorities, and the ever-growing concern about security at the U.S. border, the 2020 election promises to be contentious... if not the most c...Read More
A number of analysts have weighed in on ADBE this morningThe shares of Adobe Inc (NASDAQ:ADBE) are struggling today, down 5.2% to trade at $253.78, after the software company's current-quarter forecast came in below analyst estimates. The firm did, however, report fiscal first-quarter earnings and revenue that exceeded expectations, thanks to growth in its digital media business. Analysts have...Read More