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
Analysts are already bullish on the two stocksBTIG is chiming in on healthcare names today, and for gene editing stocks Editas Medicine Inc (NASDAQ:EDIT) and Intellia Therapeutics Inc (NASDAQ:NTLA), this resulted in fresh "buy" ratings and impressive price targets. Both EDIT and NTLA are capitalizing on the bull notes, though the latter is still pacing toward a third straight weekly loss.EDIT Put...Read More
The oil concern appointed Olivier Le Peuch as its new COOThe shares of Schlumberger Limited (NYSE:SLB) are down 1.4% at $42.85, after the oil concern appointed Olivier Le Peuch as its new chief operating officer (COO) this morning. Le Peuch was formerly Executive Vice President Reservoir & Infrastructure. Today, the stock is pacing for its third straight loss and its lowest close since a Jan. 18 p...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
Glencore is cutting the workforce at its Mutanda copper and cobalt mine in the Democratic Republic of Congo to lower costs before a possible shift in production methods, according to people familiar with the matter.The company is studying the economic viability of those deposits, given rising production costs and an uncertainty political environment in CongoLabour unions met on Friday to discuss t...Read More
Arconic said on Friday it would split into two companies and slashed its quarterly dividend by two-thirds, just weeks after the U.S. aluminum products maker spurned a buyout offer from Apollo Global Management.The company, formed following a split of Aloca Corp in 2016, plans to spin off one of its core divisions later.The board sees more shareholder value creation through a restructuring of the c...Read More
The company is slated to report earnings on Valentine's DayThe shares of Outback parent Bloomin' Brands Inc (NASDAQ:BLMN) are lower this morning, after BofA-Merrill Lynch downgraded the stock to "underperform" from "neutral." The brokerage firm also cut its price target to $17 from $23, representing a discount to BLMN's close of $19.17 on Thursday. BofA-Merrill Lynch said the restaurant company wi...Read More
United States Steel Corporation founded Gary, Indiana in 1906 - naming it after co-founder Elbert Henry Gary - and the city's fortunes have been closely tied to the company ever since.When the firm started losing business to cheap Asian imports in the 1970s, waves of layoffs followed as Gary became a haven of blight, crime and lost population.Last year, the city harbored hopes for a revival after...Read More
Zimbabwean gold miner RioZim said on Friday it had suspended production at its three mines for the second time in four months because the central bank had failed to pay it in U.S. dollars for part of its gold deliveries.Gold producers in the southern African country sell their output to central bank subsidiary Fidelity Printers and Refiners and are supposed to be paid 55 percent of their earnings...Read More
Zimbabwean gold miner RioZim said on Friday it had suspended production at its three mines for the second time in four months because the central bank had failed to pay it in U.S. dollars for part of its gold deliveries.Gold producers in the southern African country sell their output to central bank subsidiary Fidelity Printers and Refiners and are supposed to be paid 55 percent of their earnings...Read More
Glencore's Zambian unit Mopani Copper Mines Plc said on Friday it had suspended operations at its Mindola north shaft after three workers were killed in a fire accident.Mopani is one the biggest mining companies in Zambia - Africa's No. 2 producer of the metal - with an output of around 100,000 tonnes a year. It was not immediately clear how much production would be lost owing to the suspended pro...Read More
Ecuador-focused explorer SolGold (LON, TSX:SOLG) said Friday it was "surprised and disappointed" at how quickly Cornerstone Capital Resources (TSX-V:CGP) dismissed a takeover approach, adding that it will bring the offer directly to the target's shareholders.Last month, SolGold put forward what it called a "premium" offer for Cornerstone's 15% share of the Cascabel copper-gold project in exchange...Read More
Ecuador-focused explorer SolGold (LON, TSX:SOLG) said Friday it was "surprised and disappointed" at how quickly Cornerstone Capital Resources (TSX-V:CGP) dismissed a takeover approach, adding that it will bring the offer directly to the target's shareholders.Last month, SolGold put forward what it called a "premium" offer for Cornerstone's 15% share of the Cascabel copper-gold project in exchange...Read More
Fellow toy stock Hasbro is set to slump post-earnings, thoughThe shares of Mattel, Inc. (NASDAQ:MAT) are up 16.1% in electronic trading, which would mark their biggest one-day gain since a 20.7% surge in November 2017. The toy stock is reacting to the company's unexpected fourth-quarter profit of 4 cents per share, while revenue of $1.52 billion also came in above estimates. Mattel cited strong Ba...Read More
Ecuador-focused explorer SolGold (LON, TSX:SOLG) said Friday it was "surprised and disappointed" at how quickly Cornerstone Capital Resources (TSX-V:CGP) dismissed a takeover approach, adding that it will bring the offer directly to the target's shareholders.Last month, SolGold put forward what it called a "premium" offer for Cornerstone's 15% share of the Cascabel copper-gold project in exchange...Read More
Ecuador-focused explorer SolGold (LON, TSX:SOLG) said Friday it was "surprised and disappointed" at how quickly Cornerstone Capital Resources (TSX-V:CGP) dismissed a takeover approach, adding that it will bring the offer directly to the target's shareholders.Last month, SolGold put forward what it called a "premium" offer for Cornerstone's 15% share of the Cascabel copper-gold project in exchange...Read More
At least 13 price-target hikes have been issued already on EXPEThe shares of Expedia Group Inc (NASDAQ:EXPE) are up 6.7% in electronic trading, after the travel operator reported fourth-quarter adjusted earnings of $1.24 cents per share, well above the consensus per-share estimate of $1.08, while revenue of $2.56 billion also beat the $2.54 billion forecast. Analysts are toasting the upbeat repo...Read More
Trade-sensitive stocks like Boeing are in the redDow Jones Industrial Average (DJI) futures are down triple digits again today, amid lingering concerns about global trade. Specifically, President Donald Trump said he has no plans to meet with Chinese President Xi Jinping prior to the March 1 deadline to come to a trade agreement. As such, trade-sensitive stocks like Boeing (BA) are lower ahead of...Read More
South Africa's Harmony Gold said on Friday its earnings per share for the first half of the year could be up to 97 percent lower than this time last year.The gold miner said a 915 million rand ($67 million) depreciation charge, lower derivatives gains and unfavourable currency conversion hit earnings, while costs also rose 6 percent.Headline earnings per share - a key profit measure in South Afric...Read More
South Africa's Harmony Gold said on Friday its earnings per share for the first half of the year could be up to 97 percent lower than this time last year.The gold miner said a 915 million rand ($67 million) depreciation charge, lower derivatives gains and unfavourable currency conversion hit earnings, while costs also rose 6 percent.Headline earnings per share - a key profit measure in South Afric...Read More
VCRA had been a strong performer on the charts Vocera Communications Inc (NYSE:VCRA), a provider of a variety of mobile solutions for industries like healthcare and hospitality, has seen its stock rise on the charts in recent years. But today the shares are setting up for a sell-off, down 21.9% in pre-market trading, after the company's quarterly results. For the fourth quarter, Vocera's revenue c...Read More