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
Neiman Marcus Group Ltd. reported that it is in discussions with bondholders to extend its repayment deadline to 2023. In case an agreement is finalized, Neiman Marcus would be able to avert a possible default of $5 billion of debt that would be due for payment during the coming two years. As part of the agreement, the company offered bondholders a share in MyTheresa, Neiman Marcus' international...Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpAt Las Bambas in Peru, outbound coppe...Read More
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsFriedland has been wowing audiences with latest pre-feasibility numbers for a proposed US$1.1 billion, six million tonnes per annum underground mine and plant producing up to 360,000 tonnes of copper a year at Kalula on the Central African Copperbelt. He has also been speaking regularly about...Read More
Fed up with the hardships of snow and ice in the colder regions of the U.S.? Does spending a few months in Florida, Arizona, or other Sunbelt states every winter sound enticing? If so, the snowbird lifestyle could be just what you're looking for. But before you toss that snow shovel in the trash, there are challenges and additional expenses you should consider. The Upfront Cost...The most obvious...Read More
Today my objective is simple...I want to show you why packing up your portfolio and getting out of the stock market during scary stretches is a really, really bad idea.As you'll see, time in the market is the key, not timing the market.However... I realize this is easier said than done.Therefore, in addition I'll also be giving you a top quality stock that will position your portfolio to profit in...Read More
Canadian Prime Minister Justin Trudeau dropped in on the annual convention of the Prospectors and Developers Association of Canada in Toronto on March 5, 2019, for a sit-in interview conducted by outgoing PDAC president Glenn Mullan.Glenn MullanIn this unabridged 20-minute interview, Justin and Glenn touch on topics including technological innovation, sustainable mining practices, federal regulato...Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpMining Journal spoke to Benchmark Min...Read More
Mining Journal spoke to Benchmark Mineral Intelligence analyst Caspar Rawles about pricing direction, supply and other trends in the market.Read More
Russian diamond miner Alrosa in February sold rough and polished diamonds worth $345-million, which was up 23% compared with January’s sales of $281-million, but down significantly on the $541.9-million sold a year earlier.Rough diamond sales in February comprised $340-million, compared with $278-million in January, while polished diamond sales comprised $5-million, compared with $3.4-millio...Read More
After "the sharpest rally since the global financial crisis recovery" - Goldman's phrase - has the stock market peaked for the year?Today we weigh the evidence... and hazard a conclusion.The major averages jumped over 20% from their Christmas Eve bottoms.The Dow Jones catapulted over 4,000 points valley to peak.The S&P, 450. And the Nasdaq, some 1,250 points.VIX - Wall Street's "fear gauge" -...Read More
Marijuana: it's a good thing.You may recognize that tagline from when Martha Stewart used it to describe home-spun Christmas wreathes from backyard kindling, Thanksgiving turkey stuffed with herbes de provence grown from window-sill gardens, or mason jars used for anything and everything.Everyone knows Martha Stewart - she practically invented the "lifestyle consultant" role that has permeated the...Read More
The Fed is finally considering stricter rules on foreign bank branches to tighten what critics say is a loophole that has allowed overseas lenders to shield assets from the toughest U.S. bank rules.Read full newsRead More
Remember, it's a lag, not a decoupling...Read full newsRead More
It could be the beginning of the global "currency war" after the so called the end of the "trade war". The reason is in the paragraph below. Indirectly nations fight currency war day in and day out. Trump is making it open. Currency war induced by Trump will only speed up the decline in the purchasing power of the US dollar. Trump is the US president for less than two years. By then nations will...Read More
It could be the beginning of the global "currency war" after the so called the end of the "trade war". The reason is in the paragraph below. Indirectly nations fight currency war day in and day out. Trump is making it open. Currency war induced by Trump will only speed up the decline in the purchasing power of the US dollar. Trump is the US president for less than two years. By then nations will...Read More
Source: Streetwise Reports 03/05/2019NYC's first community solar program figures among the projects, the company says.UGE International Ltd. (UGE:TSX.V; UGEIF:OTC) recently completed several solar project milestones in key markets located in three continents, it announced in a February 28 press release.First among UGE's list of new milestones is what the Toronto-based company described as "the...Read More
The day just got a lot worse for Deutsche Bank employees as Bloomberg reports staff just learned their bonuses on Wednesday, with many facing deep cuts and some bankers in New York and London receiving zero payouts.Read full newsRead More
Wall Street heard updates on the U.S. trade deficit and private-sector payrolls todayEarly morning reports that President Donald Trump was pushing for a U.S.-China trade deal to boost the equities market ahead of the 2020 presidential election did little to lift stocks today. Instead, traders reacted to a round of uninspiring economic data, including a bruising update on the U.S. trade deficit and...Read More
Booking and Delta stocks may be ready to jump higherTravel names Delta Air Lines, Inc. (NYSE:DAL) and Booking Holdings Inc (NASDAQ:BKNG) are making notable moves, just two of multiple travel stocks in focus today. Below, we'll dive into how DAL and BKNG have been faring on the charts, and see why history indicates now may be a good time to bet on the shares' next leg higher.Delta Moving Average...Read More
Kootenay Silver's (TSXV: KTN) stock jumped over 4% after the Canadian junior explorer announced that its non-brokered private placement financing, originally for C$2.5 million, closed Wednesday for over C$7 million.Kootenay is actively engaged in the development of major silver projects in Mexico, including the La Cigarra Silver project in Chihuahua, and the Promontorio and La Negra silver discove...Read More