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

Bank stocks have had a terrible month so farBank stocks have taken a bruising during the broader equities market's latest leg lower, with the Financial Select Sector SPDR Fund (XLF) down 11% since an early December rejection at the $27.50 level -- a familiar layer of resistance following the fund's mid-October bear gap, and home to its 80- and 120-day moving averages. In fact, the shares bottomed...Read More

The drop is rather unprecedented considering the current economic backdrop suggests unemployment across Canada has plunged to a 42 year low.Read full newsRead More

Vancouver-based exploration company Delrey Metals (CSE:DLRY) has entered into a share purchase agreement with WEM Western Energy Metals to acquire all the issued and outstanding share capital of WEM.WEM owns a 100% undivided, unencumbered legal and beneficial interest in both the Peneece and the Blackie vanadium properties in British Columbia. The properties cover a total area of 2,714 hectares an...Read More

Analysts are bearish on these three stocksU.S. stocks aren't making too big of a move in either direction today, with the Dow last seen slightly lower. As for individual stocks to watch, traders should check out the news around beer maker Boston Beer Company Inc (NYSE:SAM), supply chain solutions provider XPO Logistics Inc (NYSE:XPO), and pharma name Alkermes Plc (NASDAQ:ALKS). Continue reading fo...Read More

Vancouver-based exploration company Delrey Metals (CSE:DLRY) has entered into a share purchase agreement with WEM Western Energy Metals to acquire all the issued and outstanding share capital of WEM.WEM owns a 100% undivided, unencumbered legal and beneficial interest in both the Peneece and the Blackie vanadium properties in British Columbia. The properties cover a total area of 2,714 hectares an...Read More

DAL put options have been popular today, specificallyThe shares of Delta Air Lines, Inc. (NYSE:DAL) are down 4.7% to trade at $53.55, after the airliner issued a weaker-than-expected revenue outlook for 2019. At the company's investor day, Delta predicted a 4% to 6% rise in revenue -- weaker than analysts' expectations -- citing concerns about global economic growth. In response to the pullback...Read More

Wesdome Gold Mines of Toronto has circulated an interim mineral resource for its 100% owned Kiena mine complex in Val d'Or. The estimate is based on drilling completed to Oct. 12, 2018. Since then, the Deep A zone has been the target of drilling, but its resources are not yet included in the current estimate.Kiena counts resources in the Kiena Deep, A, B, South, VC and S50 zones. The total measur...Read More

Wesdome Gold Mines of Toronto has circulated an interim mineral resource for its 100% owned Kiena mine complex in Val d'Or. The estimate is based on drilling completed to Oct. 12, 2018. Since then, the Deep A zone has been the target of drilling, but its resources are not yet included in the current estimate.Kiena counts resources in the Kiena Deep, A, B, South, VC and S50 zones. The total measur...Read More

Wesdome Gold Mines of Toronto has circulated an interim mineral resource for its 100% owned Kiena mine complex in Val d'Or. The estimate is based on drilling completed to Oct. 12, 2018. Since then, the Deep A zone has been the target of drilling, but its resources are not yet included in the current estimate.Kiena counts resources in the Kiena Deep, A, B, South, VC and S50 zones. The total measur...Read More

Indonesian nickel mining group Silkroad Nickel (SGX: STP) has announced that its subsidiary, PT Teknik Alum Service, entered into a new long-term offtake agreement with PT TBR to supply 15 million tonnes of nickel ore over a period of five to eight years, beginning March 2020.The total contract value of the agreement is estimated to be in excess of $290 million.PT TBR is part of the Qingdao Hengsh...Read More

Indonesian nickel mining group Silkroad Nickel (SGX: STP) has announced that its subsidiary, PT Teknik Alum Service, entered into a new long-term offtake agreement with PT TBR to supply 15 million tonnes of nickel ore over a period of five to eight years, beginning March 2020.The total contract value of the agreement is estimated to be in excess of $290 million.PT TBR is part of the Qingdao Hengsh...Read More

Indonesian nickel mining group Silkroad Nickel (SGX: STP) has announced that its subsidiary, PT Teknik Alum Service, entered into a new long-term offtake agreement with PT TBR to supply 15 million tonnes of nickel ore over a period of five to eight years, beginning March 2020.The total contract value of the agreement is estimated to be in excess of $290 million.PT TBR is part of the Qingdao Hengsh...Read More

The federal government of Canada announced on Dec. 12, 2018, that traditional coal-fired electric generation plans will be phased out by 2030. Greenhouse gas regulations for natural gas-fired generating stations was also published.The government says it wants to have 90% of this country's electricity generated from non-emitting sources. It estimates that carbon pollution from the electricity secto...Read More

A partial government shutdown could happen ahead of the holidaysNext week, the highly anticipated December Fed meeting will make headlines, with the central bank widely expected to boost rates again. Traders will undoubtedly dissect the Fed's policy statement and the post-meeting press conference with Fed Chair Jerome Powell for clues to the future pace of rate hikes. In addition, Wall Street will...Read More

Detour Gold Corp shareholders voted for five nominees of Paulson and Co and removed the interim CEO and Chairman, among others, from the nine-member board, the hedge fund said on Thursday, ending a months-long proxy fight.Paulson, who owns about 6 percent stake in the gold miner, had nominated eight members to the board. The company "unsuccessfully tried to boost short-term performance".The hedge...Read More

Detour Gold Corp shareholders voted for five nominees of Paulson and Co and removed the interim CEO and Chairman, among others, from the nine-member board, the hedge fund said on Thursday, ending a months-long proxy fight.Paulson, who owns about 6 percent stake in the gold miner, had nominated eight members to the board. The company "unsuccessfully tried to boost short-term performance".The hedge...Read More

U.S. production of lithium is set to increase 1,300% in the next 2 years.Who wouldn't be happy with 614% gains in a very short amount of time?Well that's what one lithium mining stock did in just under 12 months. But only Australians could reap the rewards of that slam-dunk.Until now that is. The very same "secret sauce" that led to that stock's meteoric rise is now being implemented here in Ameri...Read More

The shares are down 38% from their early March peakCitigroup upgraded Marvell Technology Group Ltd. (NASDAQ:MRVL) to "buy" from "neutral," and raised its price target to $19 from $17.30 -- a nearly 24% premium to last night's close. The brokerage firm said Wall Street is discounting the chipmaker's impressive networking sales, and the short-term risk-reward profile looks attractive following MRLV'...Read More

It's the index's first death cross in nearly three yearsWith U.S. stocks wilting in the fourth quarter, the S&P 500 Index (SPX) recently made a "death cross," as many financial media outlets have mentioned. Specifically, the broad-market barometer's 50-day moving average just edged south of the 200-day moving average, typically viewed as a bearish technical indicator. While we recently took a look...Read More

Private equity firm Waterton Global Resource Management Inc on Thursday urged Hudbay Minerals Inc to replace its chief executive officer and said it would nominate several candidates to the miner's board.Waterton, which raised its stake in the company to nearly 10% from 7%, also said it had withdrawn its request for a special shareholders' meeting.Hudbay did not immediately respond to a request fo...Read More