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

Healthcare stocks are in focus amid a big industry conference and M&A newsThe Dow Jones Industrial Average (DJI) is moving cautiously higher today, as stocks look to extend Friday's Fed-led rally. U.S.-China trade relations are still in the spotlight, as leaders meet this week to discuss a possible agreement. FAANG stocks Netflix (NFLX) and Amazon (AMZN) are among the notable gainers today, with t...Read More

In response to customer requests, Sandvik Mining and Rock Technology is expanding its Ranger?,,? DX series of surface top hammer drill rigs with two non-cabin Ranger?,,? DXR versions for improved safety in the toughest quarry and construction applications.Ranger DX series of surface top hammer drill rigs, suited for construction applications, quarries and open pit mines is now expanded with two ne...Read More

Tesla options have been popular in recent weeks Tesla Inc (NASDAQ:TSLA) made headlines today after the company broke ground at its Shanghai gigafactory, where it plans to produce its Model 3 vehicle by the end of the year. At the same time, Barclays chimed in on the stock, noting that any falloff in Model 3 U.S. delivery numbers could be offset by strong European sales, though it kept its bearish...Read More

In the largest coal-producing state in the U.S., a Hitachi EX2500-6 carries a heavy workload at Peabody's Rawhide Mine.Bringing down a 60-degree, 180-foot highwall is just part of the daily workload for a Hitachi EX2500-6 at Peabody's Rawhide Mine, a thermal coal surface mine located 10 miles north of Gillette, Wyo."The Hitachi EX2500-6 excavator is used to bring down the highwall in the pit," sai...Read More

The company made the announcement at the J.P. Morgan Healthcare ConferenceBausch Health Companies Inc (NYSE:BHC) is among the healthcare stocks making noise today. At the closely watched J.P. Morgan Healthcare Conference, Bausch said it expects an increase in year-over-year revenue in 2019, sending BHC stock 6.4% higher to trade at $22.61. What's more, BHC call options are flying off the shelves t...Read More

* Reserves fall $67.24 bln in 2018, vs gain of $129.4 bln in 2017* Reserves rise $11 bln in Dec to $3.073 trln, slightly top f'cast* Trade deal hopes, softer dollar offer some respite for yuan* Forex regulator expects reserves to be generally stable in 2019BEIJING - China's annual foreign exchange reserves fell for the third time in four years in 2018 as the yuan came under strong selling pressure...Read More

Sibanye Gold Ltd. said a protracted strike at its South African gold mines may hurt earnings at a time when the producer remains under pressure to reduce debt.Thousands of workers started a strike in November over pay, and there's inconsistent output at three mines amid limited operations, spokesman James Wellsted said, without saying how many workers are showing up. Sibanye is assessing the impac...Read More

The pharma stock has been in a long-term uptrendBuyout news has dominated the pharmaceutical sector in early 2019, with Eli Lilly and Co (NYSE:LLY) the latest name to announce a big purchase. Specifically, the Indianapolis firm said it was buying cancer drug specialist Loxo Oncology for $8 billion in cash, or $235 per LOXO share. While LOXO stock has jumped 66.4% to trade at $232.72, LLY shares ar...Read More

Sibanye Gold Ltd. said a protracted strike at its South African gold mines may hurt earnings at a time when the producer remains under pressure to reduce debt.Thousands of workers started a strike in November over pay, and there's inconsistent output at three mines amid limited operations, spokesman James Wellsted said, without saying how many workers are showing up. Sibanye is assessing the impac...Read More

After a hiatus of more than two years, China is adding to its gold reserves again. The People's Bank of China increased holdings to 59.56 million ounces by the end of December, or about 1,853 metric tons, from 59.24 million ounces previously, according to data on the central bank's website. They had been unchanged since about 130,000 ounces were added in October 2016.The world's biggest producer a...Read More

H.C. Wainwright expects even bigger gains aheadThe shares of penny stock Axsome Therapeutics Inc (NASDAQ:AXSM) are up a whopping 164.4% at $6.95 in early trading, after the company's experimental depression drug, AXS-05, realized its main goal in a mid-stage trial. AXSM is now enjoying one of the biggest gains among U.S. stocks, and touched a two-year high of $7.24 out of the gate. AXSM took a be...Read More

Options traders have remained upbeat on SPOT stockSpotify Technology SA (NYSE:SPOT) shares are under pressure following at least four bearish brokerage notes. The stock this morning was hit with price-target cuts at Guggenheim, Deutsche Bank, Stifel and Nomura, which set their respective marks at $120, $135, $170, and $188. Most analysts are still bullish on SPOT, though, with 16 of 22 handing out...Read More

* SMB says costs are "higher and higher"* ITSCI not immediately available for comment* Rwandan miners also complain of costLONDON - Congo's biggest miner of coltan, an ore that is the source of metals used in mobile phones, says it is leaving the ITSCI certification scheme, relied on by major companies as a guarantee that minerals are free from human rights abuses.Societe Miniere de Bisunzu (SMB),...Read More

Short interest has picked up at a rapid pace recentlyThe shares of PG&E Corporation (NYSE:PCG) are down 18.7% in electronic trading, after Reuters reported the California utility company was exploring a bankruptcy filing. The move would be a contingency plan to help manage the costs from insurance liabilities incurred from massive wildfires in November and in 2017. Should today's premarket pric...Read More

Stocks may take a breather after Friday's huge rallyU.S. stock futures are little changed this morning, with the Dow Jones Industrial Average (DJI) coming off Friday's stunning Fed-induced rally. Wall Street's attention this morning is centered around U.S.-China trade relations, as the two countries again meet to discuss a potential trade agreement. Another huge deal in the healthcare space is in...Read More

The V-rally needs to take out 2,580 before we'll take it seriously"While bulls hope a bottom is in and a 'V-rally' is on the horizon, there are multiple resistance levels overhead that could be viewed as potential 'hesitation' points if last week's rally continues... The first significant resistance area is at 2,507 -- the SPX's close the day of the Dec. 19 Federal Open Market Committee (FOMC) rat...Read More

Canada's Cobalt 27 Capital (TSXV: KBLT)(OTCQX: CBLLF)(FRA: 27O) is tapping into the lithium sector by acquiring a royalty of 1.5% of gross revenues and A$2 per tonne of ore mined at the Mount Marion lithium project in Western Australia, the latest in a series of major deals the company has announced in less than a year.The move comes only days after the Toronto-based company revealed a propose...Read More

Canada's Cobalt 27 Capital (TSXV: KBLT)(OTCQX: CBLLF)(FRA: 27O) is tapping into the lithium sector by acquiring a royalty of 1.5% of gross revenues and A$2 per tonne of ore mined at the Mount Marion lithium project in Western Australia, the latest in a series of major deals the company has announced in less than a year.The move comes only days after the Toronto-based company revealed a propose...Read More

Auryn Resources (TSX: AUG) announced today that it has identified a significant zone of oxide copper mineralization over a 1.2-kilometer strike length and 500-meter width at the Milpoc prospect. This is about 12 kilometers south of the company's 120,000-hectare Sombrero copper-gold property, which is located in southern Peru in the Andahuaylas-Yauri belt.According to Auryn, Sombrero is characteriz...Read More

Auryn Resources (TSX: AUG) announced today that it has identified a significant zone of oxide copper mineralization over a 1.2-kilometer strike length and 500-meter width at the Milpoc prospect. This is about 12 kilometers south of the company's 120,000-hectare Sombrero copper-gold property, which is located in southern Peru in the Andahuaylas-Yauri belt.According to Auryn, Sombrero is characteriz...Read More