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

Sherritt International's (TSX: S) stock was up Friday, after announcing the company had reached three billion pounds of finished nickel production since operations began at its refinery in Fort Saskatchewan, Alberta.The Fort Saskatchewan refinery was constructed in 1954 and initially processed feed from Sherritt's Lynn Lake mine in Manitoba. Today, the Fort Saskatchewan refinery processes mixed su...Read More

Jefferies reiterated its Street-high CPRI price target earlierCapri Holdings Ltd (NYSE:CPRI) stock is hot today, after Jefferies added the Michael Kors parent to its "Franchise Picks" list. The brokerage firm said it believes the shares could double -- and reiterated its Street-high $89 price target -- on strong long-term pricing power from the retailer's Jimmy Choo and Versace brands. At last che...Read More

ALLY just pulled back to a historically bullish trendline Ally Financial Inc (NYSE:ALLY) stock has been in rally mode of late -- up roughly 30% from its Dec. 26 low of $20.61. The consumer lending concern is now directly below its year-over-year breakeven and testing a familiar ceiling at the $27.50 area. However, ALLY just sent up a bullish signal that, if history is any indicator, could point t...Read More

The time to invest is now, according to one economist.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and oil's shocking fall in 2016 - years before they happened - has issued a new earth-shattering statement:"Right now, the markets are giving investors a critical window to rapidly boost their retirement savings before the greatest stock market crash in American his...Read More

March is starting on a positive note for stocksA tame reading on the Fed-watched personal consumption expenditures (PCE) index and hopes for a U.S.-China trade deal have marketscautiously higher this afternoon. However, lackluster data on U.S. manufacturing and consumer sentiment are keeping stocks' gains in check. The Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are in the black a...Read More

The Peruvian government will likely grant Southern Copper Corp a construction license for its $1.4 billion Tia Maria project before its environmental permit expires in August, the energy and mines minister told Reuters on Thursday.Southern Copper has spent years waiting for the construction license, a final green light for Tia Maria that consecutive governments have declined to give amid fears it...Read More

The Peruvian government will likely grant Southern Copper Corp a construction license for its $1.4 billion Tia Maria project before its environmental permit expires in August, the energy and mines minister told Reuters on Thursday.Southern Copper has spent years waiting for the construction license, a final green light for Tia Maria that consecutive governments have declined to give amid fears it...Read More

SQ just pulled back to a trendline with bullish implicationsSquare Inc (NYSE:SQ) had a roller-coaster earnings reaction yesterday, falling to $74.57 at its session low, only to erase those losses and close up 2.4% at $81.24. Although the stock is down 3.5% to trade at $78.08 today, it is trading near a trendline that has historically bullish implications.More specifically, Square stock is trading...Read More

Barrick Gold Corp. has no intention of increasing its hostile offer for Newmont Mining Corp., according to a person familiar with the matter who asked not to be identified because the talks are private.On Monday, Barrick proposed to buy Newmont in an all-share $17.8 billion hostile deal that valued the rival miner's stock at 8% below the prior closing price. Newmont responded that its board would...Read More

GABORONE - Botswana's president on Friday dismissed a report that the country had offered Zimbabwe a $600 million diamond-backed loan and said his government had only offered to guarantee a $100 million private credit line for Botswana companies to invest in their troubled neighbour.Zimbabwe's secretary in the ministry of foreign affairs was quoted in the state-owned Herald newspaper on Tuesday sa...Read More

Gap said it will separate from its Old Navy businessThe shares of Gap Inc (NYSE:GPS) are up nearly 17% at $29.68 in this morning's trading, pacing toward their biggest one-day gain since Nov. 21, 2008, when they popped 27.2%. The surge comes after the company reported a fourth-quarter earnings beat -- though revenue fell slightly short of the consensus estimate -- and revealed plans to spin off i...Read More

SARAJEVO - ArcelorMittal will halt production at its Bosnian mines, with "far-reaching consequences" for employees and earnings at its ArcelorMittal Prijedor unit, after a transportation deal with a regional railway company collapsed, it said on Friday.The world's largest steelmaker operates a steel plant in the central Bosnian town of Zenica which processes iron ore from its Omarska mines in Prij...Read More

Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More

VMW had only three negative closes in FebruaryVMware, Inc. (NYSE:VMW) is a hot stock on Wall Street right now. The security is up 5.5% to trade at $181.25, and earlier nabbed a fresh record high of $183.41, afterthe virutalization name reported fourth-quarter earnings and revenue that exceeded analyst expectations. Six price-target hikes have already come in, including one to $203 from $196 at Jef...Read More

The satellite operator also reported weak quarterly results and a dividend cutThe shares of Maxar Technologies Inc (NYSE:MAXR) are down 23.4% at $5.60, after the space technology firm said it was cutting 4% of its workforce -- more than 200 positions -- as part of a broader restructuring plan. The company also reported weak fourth-quarter results, lowered itsdividend payment, and said it's restruc...Read More

The biotech is pacing for its best day in yearsThe shares of Puma Biotechnology Inc (NASDAQ:PBYI) are up 40% at $39.10 in early trading, after the drugmaker announced better-than-expected revenue for the fourth quarter. The company also reported sales of its breast cancer drug, Nerlynx, that beat analysts' expectations. The stock is now pacing for its best day since July 2014. Today's pop could...Read More

MUMBAI/BENGALURU - Gold demand in India improved this week due to a fall in local prices, while some investors in other major Asian centres sold the metal back to make use of relatively higher prices while delaying purchases on expectations of a further correction."Jewellers are buying in a phased manner as prices have corrected. They are expecting an improvement in retail demand in coming weeks,"...Read More

Wall Street is also digesting a key inflation updateDow Jones Industrial Average (DJI) futures are signaling a strong start to March, last seen more than 170 points above fair value on fresh U.S.-China trade optimism. A Bloomberg report indicated officials from the two countries are preparing a trade agreement for President Donald Trump and Chinese President Xi Jinping to potentially sign by mid-...Read More

Canada's Portofino Resources (TSXV: POR) (FSE: POT) executed an amended agreement this week with a private Argentine concession to acquire a 100% interest in the Yergo lithium project in the northwestern Catamarca province.The red dots indicate Portofino's lithium projects in Argentina.In a press release, Portofino said the 2,932-hectare project encompasses a full salar and is located approximatel...Read More

Canada's Portofino Resources (TSXV: POR) (FSE: POT) executed an amended agreement this week with a private Argentine concession to acquire a 100% interest in the Yergo lithium project in the northwestern Catamarca province.The red dots indicate Portofino's lithium projects in Argentina.In a press release, Portofino said the 2,932-hectare project encompasses a full salar and is located approximatel...Read More