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

The 10-year Treasury yield spooked investors todayIt was a bloodbath on Wall Street today, with the Dow closing nearly 800 points lower as trade tensions between the U.S. and China reared their ugly head again. Concerns remain that the two global superpowers are actually quite far from any concrete trade deal, despite a 90-day cease-fire, as President Donald Trump took to Twitter today to proclaim...Read More

How oil and stocks perform after a sharp drop in crude pricesOil has been in the headlines lately as prices have collapsed over the past couple of months. For us, the question is always, "How will this impact stocks?" To answer this, I'm going look at how the stock market has performed after prior instances of oil declines of 30% or more. Additionally, I'll look at individual stocks that might do...Read More

BRITISH COLUMBIA - The assay results are in from Spanish Mountain Gold's drilling program for the gold project of the same name 70 km northeast of Williams Lake. The selective program targeted the high grade, near surface First zone, and the results did not disappoint.Spanish Mountain says all six drill holes are indicative of additional higher grade mineralization at depths of less than 100 metre...Read More

Could this be 9 times more valuable than Google, Facebook, and Amazon combined?It's a gadget you could conceal in the palm of your hand. A gadget that could easily pass through airport security. A gadget that could be mass produced quickly.And a gadget that holds the technology set to blow the lid off a breakthrough $15 trillion tech revolution...Of course, this gadget could stand to make a lot of...Read More

ALBERTA - E3 Metals of Calgary continues to scale up its proprietary lithium extraction technology at the pilot plant. The results are excellent: lithium in brine was concentrated nearly 20 times to 1,498 mg/L with lithium recoveries greater than 99%.E3 Metals is close to commercializing a low cost method of recovering lithium from the petro-brine resources in Alberta. (Image: E3 Metals Corp.)Th...Read More

BRITISH COLUMBIA - Vancouver's Taseko Mining has made an all-share offer for Yellowhead Mining of Calgary that values the smaller company at $15.1 million. Taseko proposes to acquire all the issued and outstanding Yellowhead shares by issuing approximately 1.15 Taseko shares for each share of Yellowhead.Yellowhead is the owner of the Harper Creek copper-gold-silver project about 90 km from Kamloop...Read More

BRITISH COLUMBIA - Vancouver's Taseko Mining has made an all-share offer for Yellowhead Mining of Calgary that values the smaller company at $15.1 million. Taseko proposes to acquire all the issued and outstanding Yellowhead shares by issuing approximately 1.15 Taseko shares for each share of Yellowhead.Yellowhead is the owner of the Harper Creek copper-gold-silver project about 90 km from Kamloop...Read More

BRITISH COLUMBIA - Vancouver's Taseko Mining has made an all-share offer for Yellowhead Mining of Calgary that values the smaller company at $15.1 million. Taseko proposes to acquire all the issued and outstanding Yellowhead shares by issuing approximately 1.15 Taseko shares for each share of Yellowhead.Yellowhead is the owner of the Harper Creek copper-gold-silver project about 90 km from Kamloop...Read More

BRITISH COLUMBIA - Vancouver's Taseko Mining has made an all-share offer for Yellowhead Mining of Calgary that values the smaller company at $15.1 million. Taseko proposes to acquire all the issued and outstanding Yellowhead shares by issuing approximately 1.15 Taseko shares for each share of Yellowhead.Yellowhead is the owner of the Harper Creek copper-gold-silver project about 90 km from Kamloop...Read More

The financial sector is falling alongside the 10-year Treasury yieldBank stocks are getting blasted today, as the 10-year Treasury yield sinks. At last check, the Financial Select Sector SPDR Fund (XLF) was down 4.5% to trade at $25.99 -- pacing for its biggest one-day loss since Feb. 8. Against this backdrop, put volume is popping, with one trader targeting even bigger short-term losses.At last c...Read More

Meanwhile, RVNC stock is soaring on upbeat data for its Botox-like injectionU.S. stocks are swimming in red ink today, as bank stocks decline with Treasury yields and Apple (AAPL) falls on re-emerging concerns about demand. In fact, Apple supplier Cirrus Logic, Inc. (NASDAQ:CRUS) is in the spotlight today, after the company cut its guidance. Meanwhile, concerns about a different FAANG member have...Read More

Palladium futures notched another record settlement Tuesday, narrowing their price discount to an ounce of gold to the lowest in about 16 years. On Tuesday, the price spread fell to $66.40 an ounce, with March palladium PAH9, +2.73% up $14.60, or nearly 1.3%, to settle at $1,180.20 an ounce and February gold GCG9, +0.84% up by $7, or 0.6%, to $1,246.60 an ounce on Comex. That's the lowest price...Read More

Gold futures climbed for a second straight session on Tuesday, with a weaker dollar helping to lift prices to their highest finish in more than five months. "With the dollar facing multiple headwinds in the form of falling U.S. Treasury yields and a Fed that seems to be adopting a dovish tone, this is all good news for zero-yielding gold," said Lukman Otunuga, research analyst at FXTM, in a daily...Read More

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WOLFSBURG - Volkswagen's strategy chief said on Tuesday the German carmaker's core brand will develop its final generation of vehicles using combustion engine technology in 2026.Volkswagen made a strategy shift toward battery-driven vehicles in the wake of a damaging diesel-emissions cheating scandal in 2015, which forced the carmaker to pay more than 27 billion euros in fines for hiding excessive...Read More

Wall Street is also monitoring a flattening yield curveThe stock market is pulling back today, with the Dow Jones Industrial Average (DJI) down more than 200 points at midday. The fuzzy feeling surrounding trade talks between the U.S. and Chinahave been replaced by skepticism that actual progress has been made. Also pressuring the blue-chip benchmark is FAANG stock Apple (AAPL), which is lower aft...Read More

AMD competition and China trade woes have created a top for the Dow nameNorthland Capital downgraded Intel Corporation (NASDAQ:INTC) to "market perform" from "underperform," and cut its price target on to $42 from $46 -- a more than 16% discount to last night's close at $50.13. The brokerage firm cited weak demand from Apple (AAPL), and said with competition from Advanced Micro Devices (AMD) and U...Read More

To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year's December OPEC meeting. It seems like just yesterday when OPEC met in 2016 and decided to cut production by 1.8 million barrels daily, including from Russia, to reverse the free fall of oil prices. At the time, it worked because everyone was desperate. Now, many O...Read More

AZO is pacing for its best day since March 2009Shares of AutoZone, Inc. (NYSE:AZO) stock are up 7.2% to trade at $884.04, and just touched a record high of $894.37, as traders applaud the firm's earnings. The company reported stronger-than-expected fiscal first-quarter earnings, and same-store sales also beat estimates. As such, AZO is pacing for its best day since March 2009.Since its April 20 lo...Read More