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
* China's top aluminium smelters meet in Guangxi amid price slump* Attendees to cut more than 800,000 T in coming months -official* Firms say operating pressure reaching 'extreme limit' -Antaike* Meeting failed to send bullish signal to market -analystBEIJING - China's aluminium producers are set to cut at least another 800,000 tonnes per year of smelting capacity in coming months, according to an...Read More
A downward GDP revision and durable goods orders are also in focusDow Jones Industrial Average (DJI) futures are trading well above fair value this morning, as a big earnings boost from Nike (NKE) offsets D.C. drama. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also signaling a rebound for stocks, even after the Senate indicated it will not approve a House budget bill that inc...Read More
Traders don't need to wait until the opening bell to start raking in massive wins.In light of the recent market action, many traders are taking time to reevaluate their portfolios...Analyzing their open positions...And getting ready to make any needed changes to their trading in the weeks and months ahead.However, most traders are under the impression that they have to wait until markets open to...Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans"), is pleased to announce that it has oversubscribed its non?EUR?brokered private placement (the "Private Placement") previously announced on December 14, 2018, pursuant to which it has issued an aggregate of 5,850,000 units at a price of $0.10 per unit (each a "Unit") for gross proceeds of $585,000....Read More
Global miner Anglo American (LON:AAL) has resumed operations at its giant Minas Rio iron ore mine in Brazil after eight months of closure following the discovery of a leak in a pipeline that carries ore to a port in Rio de Janeiro for export.As a result of the outage at its biggest development project, the company said on Friday it expected to record a loss of $320 million, which is at the lower e...Read More
ePower Metals (TSXV: EPWR) announced it has entered into a definitive agreement to buy Exploracion Auramex S.A. de C.V. and its Magenta cobalt project from Bowering Projects.The Magenta project is located in Sinaloa, northwestern Mexico, and consists of five claims totaling 2,274 hectares. The claims are on privately owned ranch land and four of them are in good standing while one, the Magenta #2,...Read More
ePower Metals (TSXV: EPWR) announced it has entered into a definitive agreement to buy Exploracion Auramex S.A. de C.V. and its Magenta cobalt project from Bowering Projects.The Magenta project is located in Sinaloa, northwestern Mexico, and consists of five claims totaling 2,274 hectares. The claims are on privately owned ranch land and four of them are in good standing while one, the Magenta #2,...Read More
ePower Metals (TSXV: EPWR) announced it has entered into a definitive agreement to buy Exploracion Auramex S.A. de C.V. and its Magenta cobalt project from Bowering Projects.The Magenta project is located in Sinaloa, northwestern Mexico, and consists of five claims totaling 2,274 hectares. The claims are on privately owned ranch land and four of them are in good standing while one, the Magenta #2,...Read More
This stunning research revealed by the former hedge-fund who predicted the last NASDAQ crash could have some Americans thinking twice before hoarding cash.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 go...Read More
Tasman Mining announced this week that government agency New Zealand Petroleum & Minerals granted a mining permit for the high-grade Blackwater gold deposit located near Reefton on the West Coast of the South Island.In a media statement, Tasman said that with this new permit, the company can put in motion its plans to build an underground operation at the site of the historic Blackwater mine. Gold...Read More
Tasman Mining announced this week that government agency New Zealand Petroleum & Minerals granted a mining permit for the high-grade Blackwater gold deposit located near Reefton on the West Coast of the South Island.In a media statement, Tasman said that with this new permit, the company can put in motion its plans to build an underground operation at the site of the historic Blackwater mine. Gold...Read More
Tasman Mining announced this week that government agency New Zealand Petroleum & Minerals granted a mining permit for the high-grade Blackwater gold deposit located near Reefton on the West Coast of the South Island.In a media statement, Tasman said that with this new permit, the company can put in motion its plans to build an underground operation at the site of the historic Blackwater mine. Gold...Read More
Canada's First Quantum Minerals (TSX:FM) became the first top miner with operations in Zambia to react to a planned mining tax increase in the southern African nation by announcing on Friday it would have to lay off 2,500 workers at its local mines.In an internal memo, the Toronto-based miner said the job cuts will be implemented in phases during the first quarter of 2019, adding they'll be equall...Read More
Canada's First Quantum Minerals (TSX:FM) became the first top miner with operations in Zambia to react to a planned mining tax increase in the southern African nation by announcing on Friday it would have to lay off 2,500 workers at its local mines.In an internal memo, the Toronto-based miner said the job cuts will be implemented in phases during the first quarter of 2019, adding they'll be equall...Read More
Canada's First Quantum Minerals (TSX:FM) became the first top miner with operations in Zambia to react to a planned mining tax increase in the southern African nation by announcing on Friday it would have to lay off 2,500 workers at its local mines.In an internal memo, the Toronto-based miner said the job cuts will be implemented in phases during the first quarter of 2019, adding they'll be equall...Read More
As Warren Buffett likes to say, “price you what you pay, value is what you get.” It’s the reason why a $300-per-share stock can be cheap, while a $3 one can be expensive. With that said, there’s something about low-priced stocks that captivates investors’ imaginations. After all, there’s nothing like being able to buy a ton of shares for dirt cheap and having th...Read More
Weak production growth, steady-to-rising demand, supply deficits and falling inventories pushed prices of palladium up 19% in 2018, after a 51% jump in 2017, Scotiabank economist Rory Johnston concludes in his Dec. 20 Commodity Price Index report.By contrast, cobalt prices were down 24% year-to-date in 2018. That's a sharp reversal from the 127% gain in 2017, which made the metal the best performi...Read More
Gold stocks have had a rough run for several years, and while most investors have given up on the sector, others are starting to kick the tires on the industry's top names.Let's take a look at the current situation in the gold market to see if Barrick Gold (TSX:ABX) (NYSE:ABX) deserves to be in your portfolio.Gold recoveryGold recently surged above US$1,260 per ounce, adding to a rebound that has...Read More
The company said it would buy for cancellation up to 25.51 million Class A shares. The public float comprised 255.13 million shares as at December 14, and 391.25 million total issued and outstanding on the same date.The programme will expire on December 23, 2019. All purchases at prevailing market prices will be made via the TSX, alternative Canadian trading systems and/or the NYSE.Alamo...Read More
The Sweet Repose adit at ePower's Panther Creek Project in Idaho. Left to right, Jay Gatten Vendor, Michael Collins, CEO, ePower Metals, and Brian Brewer, consulting geologist. Source: ePower Metals Inc.ePower Metals Inc. [EPWR-TSXV] says it has entered into a definitive agreement to buy Exploracion Auramex S.A. de C.V. and its Magenta Cobalt Project in Sinaloa, Mexico.ePower Metals is buying the...Read More