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

Stocks are modestly higher today, with big moves from PG and GE in focusU.S. stocks are hovering near breakeven today, as traders take a breath after a few frantic days on Wall Street. A big move from Procter & Gamble (PG) is helping the Dow Jones Industrial Average (DJI), while the shares of General Electric (GE) are making a notable rise after a bullish analyst note. Meanwhile, political and tra...Read More

Shares of ATAC Resources (TSXV: ATC) plunged 25% on news that Barrick Gold (TSX: ABX; NYSE: ABX) is terminating its earn-in joint venture on the junior's Orion project, part of its 100%-owned Rackla gold property in the Yukon.Barrick declined a request for comment on the decision, but in an investor day presentation last month, the company's head of project evaluation, Rod Quick, stated that m...Read More

Shares of ATAC Resources (TSXV: ATC) plunged 25% on news that Barrick Gold (TSX: ABX; NYSE: ABX) is terminating its earn-in joint venture on the junior's Orion project, part of its 100%-owned Rackla gold property in the Yukon.Barrick declined a request for comment on the decision, but in an investor day presentation last month, the company's head of project evaluation, Rod Quick, stated that m...Read More

Shares of ATAC Resources (TSXV: ATC) plunged 25% on news that Barrick Gold (TSX: ABX; NYSE: ABX) is terminating its earn-in joint venture on the junior's Orion project, part of its 100%-owned Rackla gold property in the Yukon.Barrick declined a request for comment on the decision, but in an investor day presentation last month, the company's head of project evaluation, Rod Quick, stated that m...Read More

BHP Group may be heading for another clash with investors as the world's biggest miner gets closer to a decision on whether to build, sell or mothball its $20 billion potash project.The Jansen mine in Canada is aimed at giving the company exposure to rising global food demand and represents one of its few big growth prospects. BHP has already spent about $2.7 billion on the project, according to...Read More

Cuba's nickel plus cobalt sulfide production will top 50,000 tonnes this year and earnings are up over 2017, the head of the country's state monopoly Cubaniquel was quoted by local media as stating on Wednesday.Nickel is one of the cash-strapped Communist-run country's most important exports, but revenue from it has suffered in recent years due to a decline in production and prices.The country was...Read More

LOW stock is pacing for its fourth straight weekly winThe shares of Lowe's Companies, Inc. (NYSE:LOW) rallied nearly 3% yesterday -- and today, are up 0.4% at $92.46 -- after the company unveiled a new share buyback program at its annual analyst day. The brokerage bunch was quick to chime in, too. RBC and Stifel raised their respective price targets to $105 and $96, while Loop Capital reiterated i...Read More

A long-term bear upgraded GE stock to "neutral"J.P. Morgan Securities analyst Stephen Tusa upgraded General Electric Company (NYSE:GE) to "neutral" from "underweight," marking the first time since May 2016 he's adjusted his rating on the former Dow stock. Tusa also removed GE from his Analyst Focus List as a short idea, even though he maintained his Street-low $6 price target, but noted the broker...Read More

Coal railway workers at Australian hauler Aurizon Holdings Ltd are planning strikes after a breakdown in pay negotiations, their trade union said, a move that could delay shipments from the world's largest coking coal export region.Miners including BHP Billiton, Glencore , Anglo American and Peabody Energy use Aurizon's four major railways in the state of Queensland to bring coal to port.Protracte...Read More

Workers will return to Gold Fields' sole South African mine on Thursday after a six-week strike was called off by the country's National Union of Mineworkers (NUM), with production likely to resume in earnest after Christmas. Workers from the largest union operating at the South Deep mine downed tools in November after the bullion producer announced plans to cut 1,100 jobs at the mine - near a thi...Read More

Workers will return to Gold Fields' sole South African mine on Thursday after a six-week strike was called off by the country's National Union of Mineworkers (NUM), with production likely to resume in earnest after Christmas. Workers from the largest union operating at the South Deep mine downed tools in November after the bullion producer announced plans to cut 1,100 jobs at the mine - near a thi...Read More

Sibanye-Stillwater said on Thursday it had extended a wage agreement to cover all of its South African gold workforce, potentially putting an end to a strike that has seen almost half of its employees down tools since mid-November.The firm's shares rose 6 percent after the diversified miner said the strike, called by the Association of Mineworkers and Construction Union (AMCU), was no longer legal...Read More

Sibanye-Stillwater said on Thursday it had extended a wage agreement to cover all of its South African gold workforce, potentially putting an end to a strike that has seen almost half of its employees down tools since mid-November.The firm's shares rose 6 percent after the diversified miner said the strike, called by the Association of Mineworkers and Construction Union (AMCU), was no longer legal...Read More

De Beers and Vast Resources will be allowed to explore for diamonds in Zimbabwe, which would make them the first listed companies to mine there in that sector for two years, Mining Minister Winston Chitando said.A spokesman for De Beers, an Anglo American unit, said in an email it was not mining in Zimbabwe and did not intend to. Vast Resources said it could not comment.Zimbabwe has been working t...Read More

De Beers and Vast Resources will be allowed to explore for diamonds in Zimbabwe, which would make them the first listed companies to mine there in that sector for two years, Mining Minister Winston Chitando said.A spokesman for De Beers, an Anglo American unit, said in an email it was not mining in Zimbabwe and did not intend to. Vast Resources said it could not comment.Zimbabwe has been working t...Read More

Kirkland Lake Gold (TSX: KL; NYSE; KL) has drilled high grade and visible gold mineralization on the down plunge extensions of the Swan zone at its Fosterville gold mine in Victoria, Australia.The company says results from 47 new drill holes totaling more than 17,000 metres of underground drilling outside the current measured and indicated Swan resource are confirming its geological model. It has...Read More

Kirkland Lake Gold (TSX: KL; NYSE; KL) has drilled high grade and visible gold mineralization on the down plunge extensions of the Swan zone at its Fosterville gold mine in Victoria, Australia.The company says results from 47 new drill holes totaling more than 17,000 metres of underground drilling outside the current measured and indicated Swan resource are confirming its geological model. It has...Read More

U.S. import prices fell by the most in three years last monthDow Jones Industrial Average (DJIA) futures are trading above fair value this morning, as markets look to extend this week's modestly bullish momentum. Today, attention shifts from U.S.-China trade relations to economic data ahead of next week's December Fed meeting. While weekly jobless claims closed in on a 49-year low-- falling 27,000...Read More

PG has rallied hard of its early May lowsThe shares of Procter & Gamble Co (NYSE:PG) are up 0.9% in electronic trading, set to open near a new record high after BofA-Merrill Lynch upgraded the Dow component to "buy" from "neutral." The brokerage firm also lifted its PG price target to $108 from $95 -- a 14% premium to last night's close at $94.03 -- with the analyst in coverage waxing optimistical...Read More

These two retail stocks are set for sharp lossesThe shares of apparel retailers Tailored Brands Inc (NYSE:TLRD) and Oxford Industries Inc (NYSE:OXM) are set for major losses today after the companies' quarterly reports. TLRD stock, for example, is on pace to sink a stunning 25.3% at the open, which would put it at a fresh 52-week low. The price weakness is a result of the Men's Wearhouse parent's...Read More