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
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
A debt swap for cash-strapped state power company Eskom would spiral the country into more debt, South Africa's President Cyril Ramaphosa said on Thursday, adding there was need to look at other options to shore up the company's balance sheet.Eskom, which has had to implement power cuts due to coal shortages and poor plant performance, said last week it wants the government to take on 100 billion...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
Exploration and development company Bacanora Lithium (LON:BCN) revealed Thursday it is preparing a 2019 stock exchange listing for the subsidiary that holds its 50%-owned Zinnwald lithium deposit in southern Saxony, Germany.The company, best-known for the Sonora lithium project in Mexico, said it had held discussions with its financial advisers about listing Deutsche Lithium and that it expecte...Read More
OK2 Minerals (TSXV: OK) entered into an arms-length definitive agreement with EMX Royalty (TSXV: EMX) to acquire the past-producing Bleikvassli Cu-Zn-Ag-Pb-Au Mine, and the Sagvoll and Mer??ker Zn-Cu projects, all located in Norway, as well as the advanced-stage Bastutr??sk Zn-Cu-Au project in Sweden.In a press release, the Vancouver-based miner said that together with the acquisition, it will und...Read More
OK2 Minerals (TSXV: OK) entered into an arms-length definitive agreement with EMX Royalty (TSXV: EMX) to acquire the past-producing Bleikvassli Cu-Zn-Ag-Pb-Au Mine, and the Sagvoll and Mer??ker Zn-Cu projects, all located in Norway, as well as the advanced-stage Bastutr??sk Zn-Cu-Au project in Sweden.In a press release, the Vancouver-based miner said that together with the acquisition, it will und...Read More
OK2 Minerals (TSXV: OK) entered into an arms-length definitive agreement with EMX Royalty (TSXV: EMX) to acquire the past-producing Bleikvassli Cu-Zn-Ag-Pb-Au Mine, and the Sagvoll and Mer??ker Zn-Cu projects, all located in Norway, as well as the advanced-stage Bastutr??sk Zn-Cu-Au project in Sweden.In a press release, the Vancouver-based miner said that together with the acquisition, it will und...Read More
Three unions at Codelco's Chuquicamata mine downed tools late Wednesday and blocked access to the century-old operation, claiming that the Chilean copper miner has been violating agreements with workers and threatening union leaders.A spokeswoman for the company, the world's No. 1 copper producer, told MINING.com the mine was operating normally, adding that the blockage has not prevented workers f...Read More
If you're stuck on options of what to do this New Year's Eve, or Vegas is slightly out of your price range, don't worry - Casinos BC have you covered.Read full newsRead More
If you're stuck on options of what to do this New Year's Eve, or Vegas is slightly out of your price range, don't worry - Casinos BC have you covered.Read full newsRead More
Cactus Club Cafe is giving away a $300 gift card, so you can go in and enjoy some of their fresh, locally sourced cuisine.Read full newsRead More
Cactus Club Cafe is giving away a $300 gift card, so you can go in and enjoy some of their fresh, locally sourced cuisine.Read full newsRead More
Less than a year after acquiring a 76% stake in the Coscuez emerald mine in Colombia, Fura Gems (TSXV: FURA; US-OTC: FUGMF) has completed a maiden resource estimate that puts the potential mine life of the project at 30 years.The company mapped more than 20 km of underground tunnels, drilled more than 1,600 metres and recovered nearly 16,000 carats of emeralds from bulk samples that resulted in an...Read More
You might buy and forget stocks that have increased their earnings or cash flow over many years. However, investors need to be very careful around commodity stocks such as Cameco (TSX:CCO)(NYSE:CCJ) and Crescent Point Energy (TSX:CPG)(NYSE:CPG).CamecoCameco stock has done very well in the last 12 months by appreciating about 20%. However, it's not the type of investment that you can buy and forge...Read More
However the optimism could evaporate with reports emerging at the time of writing of a second Canadian believed to have been detained in China.The news follows last week's arrest in Canada of Huawei's CFO Meng Wanzhou, who has since been granted bail.Base metals were little changed on low volumes on the London Metal Exchange yesterday and the gold price is similar to this time yesterday, around US...Read More
Share this articleVANCOUVER - Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) has reported analytical results from the remaining holes of the 2018 drill program at the Company's 100%-controlled 23,000-hectare Forrest Kerr Gold Project. This series of holes (FK18-37 to 45) focussed on areas immediately adjacent to known high-grade gold horizons and sought to test for an exte...Read More