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

We mentioned that the Friday session would decide the fate of our short position in EUR/USD. We witnessed a rebound and our positions were automatically (and profitably) closed. What kind of action is warranted, is it time to consider opening a long position or not? What about the Japanese yen and the Canadian dollar?Let's jump right into charts.EUR/USD - Sizable InvalidationThe weekly chart shows...Read More

Hodge also discusses the uranium market in this interview, explaining which producers he thinks will come back online first.Read full newsRead More

Last week's top-gaining mining stocks on the TSX were Tanzanian Royalty, Western Copper and Gold, Liberty Gold, Mandalay and Royal Nickel.Read full newsRead More

CAT and NVDA blamed slowing China demand for their weak forecastsStocks dropped out of the gate, on dismal guidance from construction heavyweight Caterpillar (CAT) and chipmaker Nvidia (NVDA), with both citing weak demand out of China. Sinking oil prices and reports of massive lost revenue for the U.S. because of the government shutdown only added to the risk-off backdrop. At the close, the Dow, S...Read More

As the death toll continues to rise from a fatal accident at a dam owned by Vale SA, the Brazilian miner's top management is coming under increased criticism in the highest levels of government."There must be punishment," Vice President Hamilton Mourao told reporters in Brazil's capital on Monday, adding that "if there was any malpractice, recklessness or negligence on the part of someone inside t...Read More

Newrange Gold Corp. (TSXV:NRG, OTC Pink:NRGOF) (Read full newsRead More

The 240-carat top white gem diamond recovered recently from the Karowe mine. (Image: Lucara Diamond)BOTSWANA - Earlier this month, Lucara Diamond Corp. recovered a 127-carat top white diamond from its Karowe mine. And the good new just keeps coming. This time the company has recovered a 240-carat top white gem from the same mine.Since mining began in 2012 at Karowe, a total of 43 diamonds heavier...Read More

The 240-carat top white gem diamond recovered recently from the Karowe mine. (Image: Lucara Diamond)BOTSWANA - Earlier this month, Lucara Diamond Corp. recovered a 127-carat top white diamond from its Karowe mine. And the good new just keeps coming. This time the company has recovered a 240-carat top white gem from the same mine.Since mining began in 2012 at Karowe, a total of 43 diamonds heavier...Read More

The stock is suffering with fellow Dow and industrial name CaterpillarIn the wake of Caterpillar's (CAT) earnings miss, fellow industrial name and Dow stock 3M Co (NYSE:MMM) is also taking a hit. Ahead of its fourth-quarter earnings release, slated for tomorrow morning, 3M stock is down 1.5% at $192.90. MMM has attempted to rebound after bottoming out at a nearly two-year low of $176.87 on Dec. 2...Read More

With many gold companies struggling to raise equity in public markets, consolidation may become a way of life in the sectorRead full newsRead More

With many gold companies struggling to raise equity in public markets, consolidation may become a way of life in the sectorRead full newsRead More

Toronto's Wesdome Gold Mines is enjoying continued success as it chalks up more high grades from its exploration drilling program at the Kiena gold mine in Val d'Or. Focused on the Deep A zone, recent work has extended the zone both up and down plunge.The Deep A zone has yielded the following highlights since the recent resource estimate:Hole 6384A: 33.7 g/t gold over 30.6 metres core length (28.4...Read More

Toronto's Wesdome Gold Mines is enjoying continued success as it chalks up more high grades from its exploration drilling program at the Kiena gold mine in Val d'Or. Focused on the Deep A zone, recent work has extended the zone both up and down plunge.The Deep A zone has yielded the following highlights since the recent resource estimate:Hole 6384A: 33.7 g/t gold over 30.6 metres core length (28.4...Read More

Toronto's Wesdome Gold Mines is enjoying continued success as it chalks up more high grades from its exploration drilling program at the Kiena gold mine in Val d'Or. Focused on the Deep A zone, recent work has extended the zone both up and down plunge.The Deep A zone has yielded the following highlights since the recent resource estimate:Hole 6384A: 33.7 g/t gold over 30.6 metres core length (28.4...Read More

The ultra-successful "A Diamond is Forever" marketing campaign has been discontinued for over a decade now and so have many of the positive attributes of diamond ownership in consumers' minds.Read full newsRead More

Sherritt International Corp. has published its 2018 year end production numbers, some of which outstripped guidance and some of which fell short. The company also supplied guidance numbers for 2019.At the Moa joint venture in Cuba, 2018 finished nickel production was 30,708 tonnes, despite bad weather, transportation delays, and disrupted hydrogen sulphide supply. Cobalt production at Moa was 3,23...Read More

Sherritt International Corp. has published its 2018 year end production numbers, some of which outstripped guidance and some of which fell short. The company also supplied guidance numbers for 2019.At the Moa joint venture in Cuba, 2018 finished nickel production was 30,708 tonnes, despite bad weather, transportation delays, and disrupted hydrogen sulphide supply. Cobalt production at Moa was 3,23...Read More

Avalon GloboCare stock has already tripled in 2019The Dow is getting wrecked today as Caterpillar (CAT) and chip stocks sell off. Biotech name Amgen, Inc. (NASDAQ:AMGN) and video game retailer GameStop Corp. (NYSE:GME) are under pressure, but drugmaker Avalon GloboCare Corp (NASDAQ:AVCO) has doubled in value today. Below, we'll take a look at what's moving the shares of AMGN, GME, and AVCO.AMGN...Read More

Friday's trading session was pretty bullish, as the broad stock market got back to its recent local high. Is this a topping pattern before another leg down or just some relatively flat correction within a new uptrend?The U.S. stock market indexes gained 0.8-1.3% on Friday, retracing their recent decline, as investors sentiment improved ahead of the quarterly corporate earnings releases, among othe...Read More

H.C. Wainwright has high hopes for the company's vaccineVaccine maker Novavax, Inc. (NASDAQ:NVAX) is in the spotlight today, after analysts at H.C. Wainwright initiated coverage of the penny stock with a "buy" rating. The brokerage firm also set a price target of $6 -- nearly triple NVAX's closing price on Friday -- waxing optimistic on Novavax's ResVax vaccine, which the analysts said could gener...Read More