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

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Gold-backed exchange-traded funds ended 2018 with new inflows globally as uncertainty about Britain's exit from the EU drove investors to the perceived safety of European-backed ETFs, more than offsetting outflows in North America resulting from a strong U.S. dollar.Gold-backed exchange-traded funds (ETFs) worldwide registered net inflows of $3.4 billion, a 3 percent annual rise and increased by 6...Read More

Gold-backed exchange-traded funds ended 2018 with new inflows globally as uncertainty about Britain's exit from the EU drove investors to the perceived safety of European-backed ETFs, more than offsetting outflows in North America resulting from a strong U.S. dollar.Gold-backed exchange-traded funds (ETFs) worldwide registered net inflows of $3.4 billion, a 3 percent annual rise and increased by 6...Read More

An overdue round of bull notes could create tailwinds for PGProcter & Gamble Co (NYSE:PG) has rallied more than 30% since its mid-2018 low of $70.73, and touched a record high of $96.89 in mid-December, even as the broader equities market struggled. Since that high, the shares have pulled back to the $92 area, home of their early 2017 highs and 2017 close. We believe the stock's current breather p...Read More

The chipmaker's new self-driving platform will go into production by next yearThe shares of Nvidia Corporation (NASDAQ: NVDA) moved higher out of the gate today, after the company announced that its new self-driving platform, Drive AutoPilot, will go into production by 2020. The chipmaker said the platform has already been optioned by a pair of German auto suppliers. However, NVDA stock has since...Read More

Morgan Stanley, meanwhile, tapped JPM as a top pick for 2019JPMorgan Chase & Co. (NYSE:JPM) is in the spotlight today, after the big-cap financial firm received a bevy of brokerage notes. Citing a potential slowdown in Fed rate hikes and increasing fears of a recession, Jefferies downgraded JPM stock to "hold" from "buy," and lowered its price target to $110 from $130 -- a 9.2% premium to last nig...Read More

Despite recent volatility, GOOS shares have a solid YoY leadWinter weather apparel maker Canada Goose Holdings Inc (NYSE:GOOS) just opened its first store in China to much fanfare, but Apple's (AAPL) warning about the country's economy may have some investors concerned about the retailer's prospects there. Susquehanna in a note said there's nothing worry about with GOOS, though, expecting a "long...Read More

The brokerage firm cited strong growth in cannabis use among adultsThe shares of Tilray Inc (NASDAQ:TLRY) are up 1.7% in electronic trading, after Cowen said U.S. cannabis sales will reach $80 billion by 2030 -- $5 billion more than its previous forecast -- citing larger-than-forecast gains in reported cannabis use among adults. Cowen also noted that beer sales declined 2018 on increased cannabi...Read More

Canada's Lucara Diamond (TSX:LUC), the company that hit the jackpot in 2016 after finding the world's second-largest diamond, said Tuesday its priority this year will be the completion of a feasibility study into potential underground production and life-of-mine expansion for its Karowe project, in Botswana."Having stabilized and significantly improved our mining operations at Karowe in 2018, Luc...Read More

Canada's Lucara Diamond (TSX:LUC), the company that hit the jackpot in 2016 after finding the world's second-largest diamond, said Tuesday its priority this year will be the completion of a feasibility study into potential underground production and life-of-mine expansion for its Karowe project, in Botswana."Having stabilized and significantly improved our mining operations at Karowe in 2018, Luc...Read More

Canada's Lucara Diamond (TSX:LUC), the company that hit the jackpot in 2016 after finding the world's second-largest diamond, said Tuesday its priority this year will be the completion of a feasibility study into potential underground production and life-of-mine expansion for its Karowe project, in Botswana."Having stabilized and significantly improved our mining operations at Karowe in 2018, Luc...Read More

The Dow could jump 200 points at the openDow Jones Industrial Average (DJI) futures are signaling a strong start for stocks, trading well above fair value this morning. Traders willmonitortrade-related headlines as talks continue between the U.S. and China, while also awaiting a prime-time address from President Donald Trump over the government shutdown. In the meantime, there will be more economi...Read More

Swedish industrial group Atlas Copco has acquired Industrie Pumpen Vertriebs GmbH (IPV), a German distributor of industrial pumps, including Italy-based Varisco at an undisclosed price. Italy-based Varisco has been owned by Atlas Copco since late 2015.IPV is based in Dresden, and reported revenues of approximately ?,?5 million (5.7 million) in 2017. It has around 20 employees.IPV will become pa...Read More

Swedish industrial group Atlas Copco has acquired Industrie Pumpen Vertriebs GmbH (IPV), a German distributor of industrial pumps, including Italy-based Varisco at an undisclosed price. Italy-based Varisco has been owned by Atlas Copco since late 2015.IPV is based in Dresden, and reported revenues of approximately ?,?5 million (5.7 million) in 2017. It has around 20 employees.IPV will become pa...Read More

The 128-week moving average marked a bottom for AAPL in August 2015It was just under a month ago in this space that we discussed the significance for Apple Inc. (NASDAQ:AAPL) of its 64-week moving average, which had emerged as a new -- and immediately formidable -- layer of resistance during the course of the stock's fourth-quarter sprint from trillion-dollar market cap into bear-market territory....Read More

irst Quantum Minerals Ltd. is poised to fire up a giant copper project in Panama, thousands of miles from its beleaguered mines in Zambia. For bondholders, that's a welcome distance.The Canadian copper company is ramping up production at the Cobre Panama plant this year, even as a mining tax hike forces it to shed jobs and cut production at its Zambian facilities. With Panama slated to become a mo...Read More

irst Quantum Minerals Ltd. is poised to fire up a giant copper project in Panama, thousands of miles from its beleaguered mines in Zambia. For bondholders, that's a welcome distance.The Canadian copper company is ramping up production at the Cobre Panama plant this year, even as a mining tax hike forces it to shed jobs and cut production at its Zambian facilities. With Panama slated to become a mo...Read More

Defiance Silver Corp (TSX-V: DEF) and ValOro Resources (TSX-V: VRO) have created a combined company that keeps the name Defiance Silver Corp., following a friendly merger under the Business Corporations Act of the Canadian province of British Columbia.In a media statement, the Vancouver-based miners describe Defiance Silver Corp as "a leading diversified explorer with an advanced portfolio of Mexi...Read More

Defiance Silver Corp (TSX-V: DEF) and ValOro Resources (TSX-V: VRO) have created a combined company that keeps the name Defiance Silver Corp., following a friendly merger under the Business Corporations Act of the Canadian province of British Columbia.In a media statement, the Vancouver-based miners describe Defiance Silver Corp as "a leading diversified explorer with an advanced portfolio of Mexi...Read More

Falcon Gold (TSXV: FG) reported that its exploration team in Argentina found high-grade gold mineralization at concessions of its Esperanza Resources S.A. project, also known as ERSA.The project is located in the western La Rioja province and it is comprised of seven mineral concessions covering an aggregate area of 20,461 hectares. The property sits on the Sierra de Las Minas District, which is r...Read More