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

GS is the only Wall Street bank, so far, to report increased trading revenue The shares of Goldman Sachs Group Inc (NYSE:GS) are up 4.9% at $188.72 in early market trading, after the company announced a fourth-quarter earnings beat. In fact, the company reported an increase in trading revenue last quarter -- the only Wall Street bank, so far, to do so. Now, GS stock is pacing for its fourth straig...Read More

The stock recently climbed above two key technical levelsBarclays initiated coverage on Parsley Energy Inc (NYSE:PE) with an "overweight" rating and $38 price target -- a 103% premium to last night's close at $18.70. The brokerage firm said the Texas-based oil and natural gas firm's "steady activity program" will create a constant cash flow.In reaction to the bull note, PE stock is up 1.2% to trad...Read More

Consolidation season has finally arrived in the goldfields, just as many experts and analysts have been predicting for some time now. With exploration budgets having been slashed since their 2012 peak, and because there are today fewer and fewer ounces of gold available to be mined, one way forward for producers of all sizes will be to ramp up mergers and acquisitions (M&A) activity. The world's l...Read More

SNAP had added almost 19% in 2019 prior to todayThe shares of Snap Inc (NYSE:SNAP) are headed for trouble today, down 11.6% to trade at $5.78, after the company's Chief Financial Officer (CFO) Tim Stone resigned, the second CFO exit in 12 months. An analyst at Summit Insights Group trimmed its price target to $5, while RBC downgraded the stock to "sector perform" from "outperform." This is overs...Read More

IAMGOLD (TSX: IMG; NHYSE: IAG) expects to produce fewer gold ounces while incurring higher all in sustaining costs and total cash costs in 2019 compared to 2018, the company said in its year end production results and 2019 guidance.IAMGOLD produced 882,000 attributable oz. gold in 2018, achieving the higher end of its production guidance. However, the company expects its total cash costs and all...Read More

Goldman Sachs' impressive earnings release is resulting in a risk-on approach this morningDow Jones Industrial Average (DJI) futures are trading above fair value this morning, as traders digest another round of big bank earnings. Blue chip Goldman Sachs (GS) is leading the way with a huge earnings beat, sending the stock higher before the open. On top of a busy day of quarterly earnings, there's a...Read More

Alamos Gold (TSX: AGI; NYSE: AGI) produced 505,000 ounces of gold from its four mines in North America last year and expects a "similar rate of production" this year.The company anticipates production of between 480,000 and 520,000 ounces of gold in 2019 at total cash costs of between $710 and $750 per oz., down 10% from its revised 2018 guidance of $810 per oz., and all-in sustaining costs of be...Read More

Alamos Gold (TSX: AGI; NYSE: AGI) produced 505,000 ounces of gold from its four mines in North America last year and expects a "similar rate of production" this year.The company anticipates production of between 480,000 and 520,000 ounces of gold in 2019 at total cash costs of between $710 and $750 per oz., down 10% from its revised 2018 guidance of $810 per oz., and all-in sustaining costs of be...Read More

Detour Gold Corp. enjoyed a strong fourth quarter - with record output of 158,200 oz. - bringing the 2018 total to 621,128 oz. of gold. The total was 9% more than for 2017.The average mining rate was 56,594 t/d, but Q4 was even better at 305,000 t/d, making it the third consecutive quarter of improvement and the most tonnes mined in a quarter since operations began. The month of December averaged...Read More

Detour Gold Corp. enjoyed a strong fourth quarter - with record output of 158,200 oz. - bringing the 2018 total to 621,128 oz. of gold. The total was 9% more than for 2017.The average mining rate was 56,594 t/d, but Q4 was even better at 305,000 t/d, making it the third consecutive quarter of improvement and the most tonnes mined in a quarter since operations began. The month of December averaged...Read More

Platinum could be the dark horse among precious metals, according to a money manager at Pacific Investment Management Co.Nic Johnson, Pimco's managing director and portfolio manager for commodities, says he prefers the metal over gold. Used in autocatalysts of diesel engines and jewelry, it's near the cheapest ever relative to both bullion and palladium, after tumbling 14 percent last year.While i...Read More

ATAC Resources of Vancouver has received the final assays from the 2018 exploration program at the Rau project. Rau is located at the western end of the company's Rackla property 55 km northeast of Keno City.The company says its exploration program points toward multiple intrusive related systems on the property - of which the Rackla Pluton is only one. Intrusive polymetallic mineralization has be...Read More

ATAC Resources of Vancouver has received the final assays from the 2018 exploration program at the Rau project. Rau is located at the western end of the company's Rackla property 55 km northeast of Keno City.The company says its exploration program points toward multiple intrusive related systems on the property - of which the Rackla Pluton is only one. Intrusive polymetallic mineralization has be...Read More

Hudbay Minerals' (TSE, NYSE: HBM) second-largest investor, Waterton Global Resource Management, is seeking to oust the Canadian miner's chief executive officer and overhaul its board.The private-equity firm, which holds about 12% of Hudbay, wants to replace eight of the board's 10 members with its own nominees and, as part of its plan, wants former Nevsun Resources CEO, Peter Kukielski, to lead th...Read More

Hudbay Minerals' (TSE, NYSE: HBM) second-largest investor, Waterton Global Resource Management, is seeking to oust the Canadian miner's chief executive officer and overhaul its board.The private-equity firm, which holds about 12% of Hudbay, wants to replace eight of the board's 10 members with its own nominees and, as part of its plan, wants former Nevsun Resources CEO, Peter Kukielski, to lead th...Read More

Hudbay Minerals' (TSE, NYSE: HBM) second-largest investor, Waterton Global Resource Management, is seeking to oust the Canadian miner's chief executive officer and overhaul its board.The private-equity firm, which holds about 12% of Hudbay, wants to replace eight of the board's 10 members with its own nominees and, as part of its plan, wants former Nevsun Resources CEO, Peter Kukielski, to lead th...Read More

Tech company Micromine announced the launching of a new underground mining precision performance software that uses machine learning to refine loading and haulage processes. The program is part of the company's fleet management and mine control solution, Pitram, as was initially designed by a master's student at the University of Western Australia.In a press release, Micromine said that by using t...Read More

It's common knowledge that the third year of a presidential cycle has been bullishThe third year of a presidential cycle is well-known to be bullish for stocks. I'm not sure it's wise to expect anything typical from this administration, but below I'll be looking at the historical numbers. There are a few theories as to why the third year would be so good for stocks. Maybe investor confidence grows...Read More

Precipitate Gold (TSXV: PRG) and Everton Resources signed the final papers through which Precipitate acquired ownership of all of Everton's Dominican Republic exploration concessions, consisting of Pueblo Grande project, adjoining Barrick and Goldcorp's Pueblo Viejo gold-silver mine, and the Ponton project, located 30 kilometres east of Pueblo Grande."We are pleased to have completed our due dili...Read More

Precipitate Gold (TSXV: PRG) and Everton Resources signed the final papers through which Precipitate acquired ownership of all of Everton's Dominican Republic exploration concessions, consisting of Pueblo Grande project, adjoining Barrick and Goldcorp's Pueblo Viejo gold-silver mine, and the Ponton project, located 30 kilometres east of Pueblo Grande."We are pleased to have completed our due dili...Read More