The precious metals all soared in 2025, and while a continued monetary expansion and geopolitical risk could still drive gains especially for gold in 2026, a pullback in silver, platinum and palladium is possible after recent partly speculative surges.Read More
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
The shares just pulled back to a trendline with bullish implicationsMicrosoft Corporation (NASDAQ:MSFT) was not exempt from the broad market sell-off last quarter, shedding 11.2%, its worst since March 2015. However, as the saying goes, "new year, new me," and that pullback could be a buying opportunity for the Dow name, if recent history is any indicator.Specifically, MSFT has retreated to its 3...Read More
The S&P and Nasdaq are much lower at midday, tooThe Dow Jones Industrial Average (DJI) fell 169 points out of the gate, and the losses have only accumulated. At last check, the blue-chip index was down almost 500 points, sinking back below the 23,000 mark, with a negative reaction to Apple's (AAPL) weak revenue forecast sparking the risk-off backdrop. A weaker-than-expected Institute for Supply Ma...Read More
The brokerage tapped Kinder Morgan as its top pipeline pick, thoughGoldman Sachs chimed in on pipeline stocks today, pegging Kinder Morgan Inc (NYSE:KMI) as its top pick in the sector. However, the brokerage firm downgraded Buckeye Partners, L.P. (NYSE:BPL) and TransCanada Corporation (NYSE:TRP) to "sell" from "neutral," citing valuation concerns for both energy stocks.Buckeye Partners Stock at Ri...Read More
The iPhone retailer's stock is down after Apple lowered sales guidanceBest Buy Co Inc (NYSE:BBY) is just one of many companies caught in Apple's (AAPL) crosshairs this morning, after the tech giant lowered its quarterly revenue guidance on slipping iPhone sales in China. As a major retailer of Apple products, Best Buy shares are now down 4.4% at $51.26, and UBS just cut its price target on BBY to...Read More
Analysts at Canaccord Genuity still have a "buy" rating on FB stock, thoughBrokerage firm Canaccord Genuity this morning released a note discussing U.S. digital advertising, saying it has a positive view on the industry over the next four years. However, it wasn't all upbeat attention for the names mentioned in the note, including Facebook, Inc. (NASDAQ:FB), Twitter Inc (NYSE:TWTR), and Snap Inc (...Read More
AAPL is fresh off its worst quarter since 2008The shares of Apple Inc. (NASDAQ:AAPL) are down 9.3% to trade at $143.30 -- fresh off an 18-month low of $143.19 -- after the company cut its revenue forecast for the holiday quarter to $84 billion from a previous range of $89 billion to $93 billion last night -- below the consensus estimate of $88.05 billion. CEO Tim Cook citedtrade tensions between...Read More
AAPL shares are down 8% in pre-market tradingDow Jones Industrial Average (DJI) futures are trading below fair value, as Wall Street prepares for sharp losses from blue-chip tech giant Apple (AAPL). The company yesterday lowered its quarterly sales forecast due to weak iPhone demand in China -- adding to concerns about a slowdown in the global economy. As such, a handful of Apple suppliers are als...Read More
December's cheer is carrying into 2019 for gold-mining companies.A gauge of mining shares is extending gains after its best December since the financial crisis as investors flee to haven assets amid a slump in the broader equities market and a U.S government shutdown. The BI Global Senior Gold Valuation Peers jumped as much as 1.6 percent Thursday to the highest since May, with bullion set for a s...Read More
Global miner Anglo American (LON:AAL) announced Thursday changes at the top that will see Ruben Fernandes, chief executive officer of the company in Brazil, being replaced by mining veteran Wilfred (Bill) Bruijn, effective March 1.Fernandes, who has led Anglo's iron ore and nickel interests in the South American country for almost three years, will become CEO of Base Metals. That position is curr...Read More
We have home sales plunging, prices declining, and wage growth is decelerating, construction remains strong but has also begun to slow. While each cycle may differ ever so slightly, the outcome is almost always the same.Read full newsRead More
Egypt-focused gold miner Centamin (LON:CEY) (TSX:CEE) began the year with some key board changes by announcing Josef El-Raghy had moved from executive chairman to chairman, 16 years after becoming managing director.The company, which closed 2018 with disappointing news related to its Sukari gold mine in Egypt, said El-Raghy will remain on the board while the search for a successor continues.The E...Read More
Egypt-focused gold miner Centamin (LON:CEY) (TSX:CEE) began the year with some key board changes by announcing Josef El-Raghy had moved from executive chairman to chairman, 16 years after becoming managing director.The company, which closed 2018 with disappointing news related to its Sukari gold mine in Egypt, said El-Raghy will remain on the board while the search for a successor continues.The E...Read More
Egypt-focused gold miner Centamin (LON:CEY) (TSX:CEE) began the year with some key board changes by announcing Josef El-Raghy had moved from executive chairman to chairman, 16 years after becoming managing director.The company, which closed 2018 with disappointing news related to its Sukari gold mine in Egypt, said El-Raghy will remain on the board while the search for a successor continues.The E...Read More
Barrick Gold Corp.'s new chief executive officer has a message for the gold industry: This is just the start of a big shake-up.Barrick agreed to buy smaller rival Randgold Resources Ltd. in a $5.4 billion deal announced in September. As part of the agreement, Randgold's CEO, Mark Bristow, became the chief executive of Barrick, the world's biggest gold miner."Without a doubt, this industry needs tr...Read More
How you can transform lagging indicators into leading indicators.With the market action of the last few weeks, some traders may feel like they're working blind -- after all, who knows what the Dow will do next? With bulls and bears butting heads in their predictions, many investors are looking for a way to try and predict what's to come, to avoid losing any of their capital to sudden corrections a...Read More
And the hits for Apple shareholders just keep on coming.Read full newsRead More
Newly public Finland gold explorer Firefox Gold (TSXV: FFOX) recently identified five new gold targets on its Jeesio gold project in Northern Finland's central Lapland greenstone belt after compiling samples in its geochemical database.The 2,751-sample Jeesio database contains 838 new till samples from the company's recently completed bottom of till sampling program, 768 historical Geological Surv...Read More
Gold rallied substantially toward the end of 2018, and it's now trading at close to US$1,290 per ounce. This can be attributed to rising uncertainty concerning the global economic outlook and greater geopolitical risk fueled by Trump's erratic approach to policy making. That notable increase sees the yellow metal up by around 1% over the last year and has been a boon for gold miners.Despite gold's...Read More
The company said in early December the Ethiopian government would formally sign off on its resettlement plan, project financing and construction schedule for the gold project "in the coming weeks". Sign-offs are needed for these on top of the mining licence, which Kefi got in 2015. The company now says this round of approvals will be done by the end of January."We reported that we expect...Read More
The Vancouver Resource Investment Conference (VRIC), to be held on January 20-21, is shaping up to be the largest show in six years, organiser Cambridge House International CEO Jay Martin told MiningRead More