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
Traders and investors are focused on a global slowdown. Economic data releases worldwide need to beat street expectation to change the negative sentiment. US December private ADP numbers need to beat street expectation for the US dollar to rise and gold and silver to correct. However political uncertainty in the UK and Eurozone will prevent a major collapse in gold and silver. I will prefer to u...Read More
Traders and investors are focused on a global slowdown. Economic data releases worldwide need to beat street expectation to change the negative sentiment. US December private ADP numbers need to beat street expectation for the US dollar to rise and gold and silver to correct. However political uncertainty in the UK and Eurozone will prevent a major collapse in gold and silver. I will prefer to u...Read More
Early investors stand to reap the rewards as a new technology looks to change everything.One research firm - which recommended Google and Amazon before they became household names - has built a worldwide reputation of identifying profitable tech trends well before Wall Street and the talking heads on T.V.And just recently, they've uncovered a technology that's already being labeled "humanity's las...Read More
AAPL shares fell roughly 10% todayApple (AAPL) last night slashed its quarterly sales outlook, citing weak iPhone demand in China. The surprise announcement -- and AAPL's steepest one-day slide in nearly six years -- had a ripple effect on Wall Street, and fueled fears of a global economic slowdown; lackluster factory data out of the U.S. only exacerbated those concerns. Against this backdrop, the...Read More
The similarities are eerie, and Republicans could be facing a crisis.He's a successful businessman who never held public office before winning the Presidency...He's coming into power after an electoral college landslide...And he did it by beating an out-of-touch New Yorker opponent.Once in office, he launches a vast trade war, promising to stand up for America's heartland, with 890 increased tarif...Read More
As equities continue to fall and cement global economic growth fears, investors are once again turning to the safe-haven nature of gold.Read full newsRead More
Several Fed members will speakThe Fed's December meeting minutes will be released next Wednesday, with Wall Streetlooking for clues to the pace of future rate hikes. In addition, several Fed members will be speaking throughout the week, and traders will digest the latest inflation and international trade data. Earnings will begin to pick up, with Delta Air Lines (DAL) and weed names Constellation...Read More
Activists are calling on Canadian and U.S. securities commissions to investigate two Vancouver-registered mining companies for what they say is a failure to properly inform shareholders of conflicts concerning Guatemala's Escobal mine - one of the largest silver mining projects in the world.Canada's Justice and Corporate Accountability Project (JCAP) has filed complaints with the British Columbia...Read More
Activists are calling on Canadian and U.S. securities commissions to investigate two Vancouver-registered mining companies for what they say is a failure to properly inform shareholders of conflicts concerning Guatemala's Escobal mine - one of the largest silver mining projects in the world.Canada's Justice and Corporate Accountability Project (JCAP) has filed complaints with the British Columbia...Read More
BTAI is one of the best stocks on Nasdaq todayStocks are heading toward sharp losses today, as Apple's (AAPL) weak forecast puts a damper on the new year. Airliner Delta Air Lines, Inc. (NYSE:DAL) and auto stock General Motors Company (NYSE:GM) are lower, while drugmaker BioXcel Therapeutics Inc (NASDAQ:BTAI) is soaring. Below, we'll take a look at the news moving the shares of DAL, GM, and B...Read More
Mizuho slashed its SQ price target earlierThe shares of Square Inc (NYSE:SQ) are down 8% at $52.59, after Mizuho cut its price target on the stock to $75 from $95. But while the brokerage firm tapped blue-chip Visa (V) as its "top pick" among U.S. payment processors, it said Square was still attractive and the company's expansion into new markets will help drive revenue growth.This downside just e...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
Epiroc, a leading productivity partner for the mining, infrastructure and natural resources industries, has completed the acquisition of Fordia Group Inc., a Canadian manufacturer of exploration drilling tools.Fordia Group is based in Montreal, Canada, and has sales in more than 70 countries. It provides exploration drilling tools such as diamond bits, down-the-hole tools, drill rods and drill cas...Read More
Epiroc, a leading productivity partner for the mining, infrastructure and natural resources industries, has completed the acquisition of Fordia Group Inc., a Canadian manufacturer of exploration drilling tools.Fordia Group is based in Montreal, Canada, and has sales in more than 70 countries. It provides exploration drilling tools such as diamond bits, down-the-hole tools, drill rods and drill cas...Read More
Epiroc, a leading productivity partner for the mining, infrastructure and natural resources industries, has completed the acquisition of Fordia Group Inc., a Canadian manufacturer of exploration drilling tools.Fordia Group is based in Montreal, Canada, and has sales in more than 70 countries. It provides exploration drilling tools such as diamond bits, down-the-hole tools, drill rods and drill cas...Read More
Japan's Ministry of Economy, Trade and Industry has approved Irving Resources' (CSX: IRV) Otoineppu prospecting plan, which includes drilling, at its Omu Sinter prospect, part of its 100% owned Omu gold-silver project near Hokkaido, Japan.Irving will now submit a mine safety regulation permit to the Japanese government. The company meanwhile is trying to get work permits for a Canadian drill crew...Read More
Japan's Ministry of Economy, Trade and Industry has approved Irving Resources' (CSX: IRV) Otoineppu prospecting plan, which includes drilling, at its Omu Sinter prospect, part of its 100% owned Omu gold-silver project near Hokkaido, Japan.Irving will now submit a mine safety regulation permit to the Japanese government. The company meanwhile is trying to get work permits for a Canadian drill crew...Read More
Japan's Ministry of Economy, Trade and Industry has approved Irving Resources' (CSX: IRV) Otoineppu prospecting plan, which includes drilling, at its Omu Sinter prospect, part of its 100% owned Omu gold-silver project near Hokkaido, Japan.Irving will now submit a mine safety regulation permit to the Japanese government. The company meanwhile is trying to get work permits for a Canadian drill crew...Read More
The shares are trading at new lows after the iPhone maker slashed guidanceApple's (AAPL) cut revenue guidance is being felt across several sectors, weighing on iPhone retailers like Best Buy (BBY) and a slew of chipmakers. Among them, STMicroelectronics NV (NYSE:STM) stock is trading at new lows, and options traders are swarming the Swiss semiconductor maker today.At last check, STM shares were do...Read More
PTLA stock rallied more than 14% on Monday on a regulatory winThe shares of Portola Pharmaceuticals Inc (NASDAQ:PTLA) surged more than 14% on Monday, after the Food and Drug Administration (FDA) approved commercial production for the clinical stage biotech's manufacturing process for Anexxa, a universal bleeding reversal drug. It could be time to take profits on PTLA stock, though, considering it...Read More