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

There is room for analysts to issue more bull notes on GRUBThe shares of GrubHub Inc (NYSE:GRUB) are down 0.3% to trade at $80.56, as broad-market headwinds offset a Credit Suisse upgradeto "outperform" from "neutral" and a price-target hike to $130 from $125. The analyst in coverage waxed optimistic on the company's delivery network, market expansion, and new partnerships, and said the firm wou...Read More

Vale SA's deadly mine disaster in Brazil has created uncertainty for China's iron ore market at a time when demand for supply from the South American country is rising, multiple Chinese ore traders said on Monday.A dam holding mine waste at Vale's Corrego do Feijao mine collapsed on Friday, burying mining facilities and nearby homes in the town of Brumadinho, killing dozens and leaving the communi...Read More

The Brazilian Securities and Exchange Commission (CVM) has launched a probe into mining giant Vale SA's filings related to the mining dam collapse in the town of Brumadinho, where the collapse of a dam at the company's C??rrego do Feij??o mining complex on Friday killed at least 60, while more than 300 missing people are feared dead.According to local newspaper Valor Economico, CVM is investig...Read More

A former Cisco exec was appointed new COO of BlackBerry Mobile phone name BlackBerry Limited (NYSE:BB) just appointed Bryan Palma, a former Cisco (CSCO) senior vice president, as its new president and chief operating officer. In response, the shares of BB are slightly lower, down 1.1% at $8.01 -- set to break the equity's three-day winning streak. BlackBerry just endured its worst quarter since 2...Read More

CAT is sinking after a fourth-quarter profit miss and weak guidanceThe shares of Caterpillar Inc. (NYSE:CAT) are driving broad-market losses this morning, down 8.9% to trade at $124.71, and the worst stock on the Dow so far. The swing lower comes after the construction concern's disappointing fourth-quarter earnings report, with Caterpillar hinting at the negative impact of the U.S.-China trade wa...Read More

Angola is planning to hold its first diamond auction this week, inviting around 35 companies to bid for seven stones as the world's fifth largest producer moves to make the sector more lucrative for producers and the state.The stones, selected for their rare quality and size, were produced by the Lulo project operated by Australia-listed Lucapa in the northeastern province of Lunda Norte."It's our...Read More

Vale SA investors must be asking themselves how the world's largest iron ore producer could allow an even more deadly repeat of Brazil's worst environmental disaster.The collapse of a tailings dam Friday in the state of Minas Gerais killed 58 people, with more than 300 still missing, and destroyed buildings. It's the second deadly disaster in about three years for Vale, which also co-owns the Sama...Read More

A deadly dam collapse is expected to keep Vale SA shares pressured in the short-term, as Friday's accident at the Feijao mine prompted 11.3 billion reais ($3 billion) in blocked funds and fines, leading the world's largest iron ore producer to suspend dividends.While sensing a limited impact to Vale's production, analysts highlighted risks including remediation charges, lawsuits, additional insp...Read More

Both companies are facing headwinds in ChinaDow Jones Industrial Average (DJI) futures are sharply lower, with the index set to give back all the gainsfrom Friday's temporary government shutdown relief. Investors still remain wary of political gridlock, after President Donald Trump told the Wall Street Journal on Sunday that another government shutdown is "certainly an option." Also pressuring m...Read More

The mid-cap index entered 2019 between its a pair of significant long-term moving averagesThe following is a reprint of the market commentary from the February 2019 edition of The Option Advisor, published on January 25. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.The S&P MidCap 400 Index (MID) doesn't get nearl...Read More

Don't underestimate the significance of the S&P's 80-week test, either"The Cboe Volatility Index (VIX - 18.19) action could give us a clue as to whether the next move will be a retest of the low or a continuation rally from the December bottom. The VIX comes into the week situated between half its December closing high at 18.03, but below half its 2018 closing high at 18.66 and double its 2018 clo...Read More

PBOC fixed the yuan dramatically stronger against the dollar overnight, sending offshore yuan surging to its strongest against the dollar in six months.Read full newsRead More

Nearly half of Japan's key economic government statistics need to be reviewed with 22 discrete statistics, or roughly 40% of the 56 key government economic releases, turning out to beRead full newsRead More

Russia's GV Gold is a step closer to becoming one of the country's top five producers after posting Monday an increase in output of more than a third helped by two newly launched mines in East Siberia.The miner churned out 304,400 ounces of gold last year, 36% more than a year earlier and a whooping 85% increase when compared to 2017, when it became Russia's No. 7 producer of the yellow metal.GV G...Read More

Vendetta Mining (TSXV: VTT) announced that it has just received the results from an independent Preliminary Economic Assessment or PEA for its Pegmont lead-zinc project located in Queensland, northeastern AustraliaIn a press release, Vendetta explained that the PEA was developed by a team of independent consultants, including AMC Mining Consultants, GR Engineering Services, and AARC Environmental...Read More

James Hyerczyk19 hours ago (Jan 28, 2019 6:17 AM GMT)Gold is inching higher on Monday, continuing Friday’s steep rally. Supporting the market is a weaker dollar. This is driving up demand for dollar-denominated gold. The U.S. Dollar is being pressured by position-squaring and selling ahead of Wednesday’s U.S. Federal Reserve interest rate decision and monetary policy announcement. Tr...Read More

Canadian bullion producer IAMGOLD Corp. (TSX IMG), (NYSE: IAG) will not proceed with the construction of its C??t?(C) gold project, in Ontario, as it's waiting for improved market conditions before going ahead with the $1.15-billion investment, it said Monday.Chief executive Steve Letwin said his company had substantially de-risked the project, located in the Abitibi gold belt, and that it cont...Read More

Canadian bullion producer IAMGOLD Corp. (TSX IMG), (NYSE: IAG) will not proceed with the construction of its C??t?(C) gold project, in Ontario, as it's waiting for improved market conditions before going ahead with the $1.15-billion investment, it said Monday.Chief executive Steve Letwin said his company had substantially de-risked the project, located in the Abitibi gold belt, and that it cont...Read More

Shares in Condor Gold (LON:CNR) climbed as much as 5.8% on Monday morning after it increased the mineral resource estimate at its 100%-owned La India gold project in Nicaragua, noting the potential for an expansion.The mineral resource update totalled 9.85 million tonnes at 3.6 grams per tonne of gold for 1.14 million of indicate ounces, a surge of 57,000 ounces from the previous update.The gro...Read More

Shares in Condor Gold (LON:CNR) climbed as much as 5.8% on Monday morning after it increased the mineral resource estimate at its 100%-owned La India gold project in Nicaragua, noting the potential for an expansion.The mineral resource update totalled 9.85 million tonnes at 3.6 grams per tonne of gold for 1.14 million of indicate ounces, a surge of 57,000 ounces from the previous update.The gro...Read More