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
BRITISH COLUMBIA - Toronto-based Seabridge Gold has promising induced potential and drilling results from its 100% owned Iskut gold property 110 km northwest of Stewart. All indications point toward a large copper-gold porphyry system.The results indicate a robust hydrothermal breccia containing abundant clasts of chalcopyrite-pyrite-magnetite in veined intrusive rocks and stock works positioned o...Read More
BRITISH COLUMBIA - Toronto-based Seabridge Gold has promising induced potential and drilling results from its 100% owned Iskut gold property 110 km northwest of Stewart. All indications point toward a large copper-gold porphyry system.The results indicate a robust hydrothermal breccia containing abundant clasts of chalcopyrite-pyrite-magnetite in veined intrusive rocks and stock works positioned o...Read More
BRITISH COLUMBIA - Toronto-based Seabridge Gold has promising induced potential and drilling results from its 100% owned Iskut gold property 110 km northwest of Stewart. All indications point toward a large copper-gold porphyry system.The results indicate a robust hydrothermal breccia containing abundant clasts of chalcopyrite-pyrite-magnetite in veined intrusive rocks and stock works positioned o...Read More
Shares of TTWO are up after Buckingham Research weighed inAt last check, shares of Take-Two Interactive Software, Inc. (NASDAQ: TTWO) were up nearly 2% to trade at $104.22, after Buckingham Research assumedcoverage of the "Red Dead" creator with a "buy" rating. Plus, the analyst issued a $130 price target -- an almost 25% premium to current levels. TTWO shares have pulled back since peaking at $1...Read More
The report called the firm "dubious"The shares of AxoGen, Inc (NASDAQ:AXGN) are down 22% to trade at $21.47, fresh off an annual low of $19.21, after Seligman Investments posted a scathing report on Seeking Alpha. The investment firm -- which is short AXGN -- said the nerve repair specialist has a "dubious profile and prospects," and set a $5.07 price target, an 82% discount to last night's close....Read More
The central bank is widely expected to hike interest rates on WednesdayThe Federal Open Market Committee (FOMC) kicked off its two-day policy-setting meeting today, with the central bank widely expected to announce another rate hike tomorrow afternoon -- despite protests from President Donald Trump and recently dovish Fed comments. While the S&P 500 Index (SPX) tends to struggle the month after Fe...Read More
SASKATCHEWAN - Fifteen kilometres from the rapidly advancing Wheeler River project, Vancouver's Skyharbour Resources is finding high grades at the Moore uranium project.Drill hole ML18-14 intersected high grade uranium mineralization within the Main Maverick zone consisting of 3.11% uranium oxide over 1.8 metres within an interval of 15.2 metres containing 0.56% uranium oxide. This is one of the b...Read More
SASKATCHEWAN - Fifteen kilometres from the rapidly advancing Wheeler River project, Vancouver's Skyharbour Resources is finding high grades at the Moore uranium project.Drill hole ML18-14 intersected high grade uranium mineralization within the Main Maverick zone consisting of 3.11% uranium oxide over 1.8 metres within an interval of 15.2 metres containing 0.56% uranium oxide. This is one of the b...Read More
AUSTRALIA - BHP Group has commissioned the new ramp at its Olympic Dam iron ore-copper-gold mine, and it doubles the haulage capacity for its trucks. The Kalta decline is key to reaching the Southern mine area where BHP is mining high grade copper resources.BHP spent A$250 million to develop the Southern mine area, and another $40 million on the ramp. The first ore from the area was produced in mi...Read More
AUSTRALIA - BHP Group has commissioned the new ramp at its Olympic Dam iron ore-copper-gold mine, and it doubles the haulage capacity for its trucks. The Kalta decline is key to reaching the Southern mine area where BHP is mining high grade copper resources.BHP spent A$250 million to develop the Southern mine area, and another $40 million on the ramp. The first ore from the area was produced in mi...Read More
Fremont Gold Ltd. (TSXV:FRE) (FSE:FR2) (OTC Pink:USTDF) (Read full newsRead More
Industrial metals came under renewed pressure on Tuesday after a defiant speech from China's president Xi Jinping diminished hopes of an early settlement in the top commodity importer's intensifying trade dispute with the US.President Jinping used the occasion of the 40-year anniversary of the start of China's "Reform and Opening Up" to congratulate the stewardship of the communist party and reaf...Read More
The SPX fell more than 10% in 50 sessionsThe major stock market indexes are in correction territory -- defined as at least 10% below their record highs -- and the S&P 500 Index (SPX) is no exception. In fact, the broad-market index fell more than 11% in just 50 sessions, marking the first time the index has dropped at least 10% in that short of a span since January 2016. Below is what we might exp...Read More
Industrial metals came under renewed pressure on Tuesday after a defiant speech from China's president Xi Jinping diminished hopes of an early settlement in the top commodity importer's intensifying trade dispute with the US.President Jinping used the occasion of the 40-year anniversary of the start of China's "Reform and Opening Up" to congratulate the stewardship of the communist party and reaf...Read More
Industrial metals came under renewed pressure on Tuesday after a defiant speech from China's president Xi Jinping diminished hopes of an early settlement in the top commodity importer's intensifying trade dispute with the US.President Jinping used the occasion of the 40-year anniversary of the start of China's "Reform and Opening Up" to congratulate the stewardship of the communist party and reaf...Read More
Constantine Metal Resources (TSXV: CEM; US-OTC: CNSNF) has boosted the overall tonnage at its Palmer polymetallic project in southeast Alaska by 43% with a maiden resource for the project's AG zone.The AG zone, located 3 km from the main Palmer deposit, contains 4.25 million inferred tonnes grading 4.64% zinc, 0.12% copper, 0.96% lead, 119.5 grams silver, 0.53 gram gold and 34% barite, or 9.04% zi...Read More
Constantine Metal Resources (TSXV: CEM; US-OTC: CNSNF) has boosted the overall tonnage at its Palmer polymetallic project in southeast Alaska by 43% with a maiden resource for the project's AG zone.The AG zone, located 3 km from the main Palmer deposit, contains 4.25 million inferred tonnes grading 4.64% zinc, 0.12% copper, 0.96% lead, 119.5 grams silver, 0.53 gram gold and 34% barite, or 9.04% zi...Read More
The shares could be poised to break out of recent congestion below $245The shares of medical analytics issue Thermo Fisher Scientific Inc. (NYSE:TMO) have taken a breather since touching a record high of $253.90 in early December. However, the equity could be ready to launch its next leg higher, with TMO shares flashing a historical buy signal.Specifically, Thermo Fisher stock is now within one s...Read More
JNJ and BA are two stocks to watch todayThe Dow Jones Industrial Average (DJI) is bouncing back today, trading well into triple-digit territory. Traders are anticipating tomorrow's Fed decision, while also monitoring a sharp decline in oil prices. At last check, January-dated crude futures were down 5.2% at $47.31 per barrel amid reports of rising crude production in both the U.S. and Russia. Amon...Read More
LAGOS - Nigeria's first gold refinery is expected to more than triple its capacity within five years after operations begin next June, an executive at the company developing it said on Tuesday.Nere Teriba, vice chairman of local firm Kian Smith Trade & Co, said the refinery would initially be able to produce three tonnes per month of gold and one tonne of silver, rising to 10 tonnes a month of gol...Read More