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

Big-cap earnings reactions created tailwinds for stocksStimulus buzz out of China and strong day for FAANG stocks boosted the broader equities market today. Positive earnings reactions for UnitedHealth (UNH) and JPMorgan Chase (JPM) only created bigger tailwinds -- and put Bank of America (BAC) options bears on notice ahead of the financial firm's quarterly results tomorrow morning. This helped of...Read More

It's easy to prepare your retirement savings for the New Year.It's that time of year again.Yes, the holiday season is filled with shopping and Christmas parties, but we still have to squeeze in a little time for end-of-year portfolio housekeeping. Because let's face it, life isn't exactly going to slow down once we hit the first of the yearIt's particularly important to take a good look at your 40...Read More

IAMGOLD Corporation (TSX: IMG) today announced that it has entered into a forward gold sale arrangement with financial institutions whereby the company will receive a prepayment amount of $170 million in exchange for delivering 150,000 ounces in 2022, with a gold floor price of $1,300 per ounce and a cap price of $1,500 per ounce.The prepaid gold arrangement is supported by a syndicate of banks i...Read More

IAMGOLD Corporation (TSX: IMG) today announced that it has entered into a forward gold sale arrangement with financial institutions whereby the company will receive a prepayment amount of $170 million in exchange for delivering 150,000 ounces in 2022, with a gold floor price of $1,300 per ounce and a cap price of $1,500 per ounce.The prepaid gold arrangement is supported by a syndicate of banks i...Read More

IAMGOLD Corporation (TSX: IMG) today announced that it has entered into a forward gold sale arrangement with financial institutions whereby the company will receive a prepayment amount of $170 million in exchange for delivering 150,000 ounces in 2022, with a gold floor price of $1,300 per ounce and a cap price of $1,500 per ounce.The prepaid gold arrangement is supported by a syndicate of banks i...Read More

If Bitcoin bulls got excited about the recent move up, Thursday's action extinguished some of this excitement. But it doesn't come as a surprise to our readers. This one day of strong depreciation can be seen as an indication of things to come. But are these things bearish?Bitcoin remains on the fringe of the financial system. The Bank of International Settlements (BIS) has recently issued a warni...Read More

Gold output in South Africa, once the world's biggest producer of the metal, fell for a 14th straight month in November, the longest streak of declines since 2012.Production retreated 14 percent from a year earlier, Pretoria-based Statistics South Africa said in a statement on its website Tuesday.Key InsightsTotal mining output dropped 5.6 percent from a year earlier, the biggest decrease since Au...Read More

Gold output in South Africa, once the world's biggest producer of the metal, fell for a 14th straight month in November, the longest streak of declines since 2012.Production retreated 14 percent from a year earlier, Pretoria-based Statistics South Africa said in a statement on its website Tuesday.Key InsightsTotal mining output dropped 5.6 percent from a year earlier, the biggest decrease since Au...Read More

For the fourth time in its history (the last hike came in 2017), Netflix is raising prices - this time by 13-18% - its biggest price-hike since launching 12 years ago.Read full newsRead More

STX stock just got another price-target cut and is now running into technical trouble Another negative analyst note has the shares of Seagate Technology PLC (NASDAQ:STX) down 1.2% at $39.63. Specifically, Cowen cut its price target to $40 from $50 today, following yesterday's price-target cut to $33 from $40 at Evercore ISI. STX could run into more pitfalls soon, too, with the stock recently setti...Read More

Electric cars are better for the environment than traditional gasoline models, and that benefit will grow as power generators shift away from coal.That's the conclusion of research by BloombergNEF, which found carbon dioxide emissions from battery-powered vehicles were about 40 percent lower than for internal combustion engines last year. The difference was biggest in Britain and the U.K., which h...Read More

Electric cars are better for the environment than traditional gasoline models, and that benefit will grow as power generators shift away from coal.That's the conclusion of research by BloombergNEF, which found carbon dioxide emissions from battery-powered vehicles were about 40 percent lower than for internal combustion engines last year. The difference was biggest in Britain and the U.K., which h...Read More

YEXT shares are sandwiched between some notable levelsSo-called digital knowledge specialist Yext Inc (NYSE:YEXT) has struggled in recent months. The shares shot higher in the summer months, thanks in part to an Amazon partnership, and went on to hit a record high of $27.19 in late August. This milestone was quickly followed by months of selling before YEXT shares bounced near the $13 level in Dec...Read More

KTOV is the best stock on the Nasdaq todayStocks are higher today on tech sector strength. Among names making particularly notable moves, Dow stock Walgreens Boots Alliance Inc (NASDAQ:WBA) and drugmaker Kitov Pharma (NASDAQ:KTOV) are higher, while biotech Aimmune Therapeutics Inc (NASDAQ:AIMT) is lower. Below, we'll take a look at what's moving the shares of WBA, KTOV, and AIMT.WBA Jumps on Mic...Read More

Gold futures finished lower Tuesday, pulling back after a two-session climb, as U.S. benchmark equity indexes rose and the dollar strengthened. Palladium, meanwhile, snapped a 10-day stretch of gains, with futures prices failing to settle above that of gold. February gold GCG9, +0.16% shed $2.90, or 0.2%, to settle at $1,288.40 an ounce. Futures prices, which touched an intraday high of $1,296....Read More

Lawyers for Vedanta Resources told England's Supreme Court on Tuesday that a case raised against the mining company by nearly 2,000 Zambian villagers should be heard in Zambia not London.India-listed Vedanta, which delisted from London last year but maintains a legal base in Britain, is appealing a lower court ruling that a case in which villagers alleged their land was polluted by a Vedanta unit...Read More

Lawyers for Vedanta Resources told England's Supreme Court on Tuesday that a case raised against the mining company by nearly 2,000 Zambian villagers should be heard in Zambia not London.India-listed Vedanta, which delisted from London last year but maintains a legal base in Britain, is appealing a lower court ruling that a case in which villagers alleged their land was polluted by a Vedanta unit...Read More

Call options are trading at a faster-than-usual clip on the healthcare nameCantor Fitzgerald today initiated coverage on Array Biopharma Inc (NASDAQ:ARRY) with an "overweight" rating and $30 price target -- representing a premium of 76% to Monday's close at $17.07. The brokerage firm said Array's "lead asset, Mektovi+Braftovi, still appears underappreciated by investors," and the combination "has...Read More

Front-month strikes are popularThe shares of VirnetX Holding Corporation (NYSEAMERICAN:VHC) are up 39.5% at $5.40 -- earlier hitting a 15-month peak of $5.57 -- after a U.S. appeals court upheld a 2016 ruling that required Apple (AAPL) to pay the security technology firm $302 million in a patent infringement case. That amount has now grown to $440 million due to interest and increased damages, amo...Read More

Both AEO and ANF options are attractively priced as the stocks appear set to slideYesterday, retail stocks American Eagle Outfitters (NYSE:AEO) and Abercrombie & Fitch Co (NYSE:ANF) were in focus after reaffirming their respective fourth-quarter sales forecasts. While the retailers aren't slated to report their full holiday-season results until the first week of March, both stocks could run into t...Read More