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
Red Pine Exploration Inc (TSXV:RPX) ("Red Pine" or the "Company") announces a non-brokered private placement of a combination of non-flow-through units ("Units") and flow-through shares ("FT Shares" and together with the Units, the "Offered Securities") for gross process of up to $1,000,000 (the "Offering") in such relative amounts as determined by the Company.Read full newsRead More
Oil prices plummeted ahead of a key OPEC meetingThe Dow fell over 170 points on this shortened trading day, despite signs of strong Thanksgiving and Black Friday sales. It was another rough day for tech and FAANG stocks, and energy stocks suffered as oil prices plunged. Crude futures touched new annual lows, amid concerns about oversupply ahead of the Organization of the Petroleum Exporting Countr...Read More
Aecon Group Inc. (TSX: ARE) announced today the closing of the definitive asset purchase agreement to sell substantially all of the assets related to Aecon's contract mining business to North American Construction Group Inc. ("NACG") (TSX: NOA/NYSE: NOA) for C$199.1 million in cash, subject to customary closing adjustments.The closing is effective November 23, 2018.Read More
Aecon Group Inc. (TSX: ARE) announced today the closing of the definitive asset purchase agreement to sell substantially all of the assets related to Aecon's contract mining business to North American Construction Group Inc. ("NACG") (TSX: NOA/NYSE: NOA) for C$199.1 million in cash, subject to customary closing adjustments.The closing is effective November 23, 2018.Read More
Gold futures eased in Friday's shortened session, pulling back from Wednesday's, pre-Thanksgiving two-week high. Still, the loss was slim enough to leave the precious metal just in the green for the week. Market focus remained fixated on Federal Reserve interest-rate plans over coming months, the dollar's response to said rate moves, and what looming China-U.S. trade discussions could indicate for...Read More
Gold futures eased in Friday's shortened session, pulling back from Wednesday's, pre-Thanksgiving two-week high. Still, the loss was slim enough to leave the precious metal just in the green for the week. Market focus remained fixated on Federal Reserve interest-rate plans over coming months, the dollar's response to said rate moves, and what looming China-U.S. trade discussions could indicate for...Read More
The Hague-based Permanent Court of Arbitration has awarded South American Silver $18.7 million for amounts invested and another $9 million in interest for its Malku Khota concession, which the Bolivian government revoked in 2012.The company, now owned by TriMetals Mining (TSX: TMI; US-OTC: TMIAF) had sought compensation for damages in the amount of $385.7 million, which included $307.2 million f...Read More
The Hague-based Permanent Court of Arbitration has awarded South American Silver $18.7 million for amounts invested and another $9 million in interest for its Malku Khota concession, which the Bolivian government revoked in 2012.The company, now owned by TriMetals Mining (TSX: TMI; US-OTC: TMIAF) had sought compensation for damages in the amount of $385.7 million, which included $307.2 million f...Read More
Barrick Gold's incoming chief executive said he wants to pull together Tanzania's mining industry to tackle a "desperate" tax dispute that has snared several companies, including the firm's Acacia Mining unit.In an increasingly acrimonious conflict that has lasted almost two years, the government has torn up mining contracts, hiked taxes and royalties, and banned raw minerals exports. Randgold fou...Read More
Barrick Gold's incoming chief executive said he wants to pull together Tanzania's mining industry to tackle a "desperate" tax dispute that has snared several companies, including the firm's Acacia Mining unit.In an increasingly acrimonious conflict that has lasted almost two years, the government has torn up mining contracts, hiked taxes and royalties, and banned raw minerals exports. Randgold fou...Read More
Apple shares are headed toward their worst weekly rout in yearsIt was a dismal Thanksgiving week on Wall Street, as continued weakness in the tech sector took a toll. A disappointing batch of retail earnings ahead of Black Fridayand a continued rout in oil prices only added to the bearish buzz, and despite a brief respite in the selling pressure on Wednesday, all three major benchmarks are headed...Read More
Oil prices have fallen to a more than 12-month lowStocks are looking getting crushed once more today, thanks again to a tech sell-off, but also because of plummeting oil prices, which earlier fell to a more than 12-month low. Among individual oil names making moves lower are Schlumberger Limited (NYSE:SLB), Marathon Oil Corporation (NYSE:MRO), and Halliburton Company (NYSE:HAL). Here's a quick lo...Read More
everything in its power to change that. And after threatening the future of one Chinese telecoms supplier (ZTE), the US has been pushing its allies around the world to stop using equipment from another mainland firm with an even larger global reach: Chinese consumer tech and telecoms giant Huawei.Read full newsRead More
A free tool can help traders bank big this earnings season.We are in middle of Earnings season, which means the time to bank some big wins is now.Tech stocks (AAPL, FB and BIDU) just released Earnings few days ago, and you need to position yourself now in order to make maximum profit from it.One company can help any investor do just that.They've developed a tool that predicts volatility based on...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
There are several reasons to be bearish on GME stockThere hasn't been much good news surrounding GameStop Corp. (NYSE:GME) stock in the past year. The shares have been punished, touching a 13-year low of $12.14 earlier this week. And while they enjoyed a rare upside move on Wednesday thanks to the sale of the company's Spring Mobile business, they're back in the red today. Now with earnings due ou...Read More
Most of the stock market suffered in October -- but not DG sharesWhen most people think of Black Friday, they likely don't conjure up images of Dollar General Corp. (NYSE:DG). However, the discount retailer appeared on our radar for several reasons recently. To start, the stock tends to do well after Black Friday. In addition, DG shares just flashed a historical buy signal ahead of earnings next m...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
BTU Metals (TSXV: BTU) has expanded its Dixie Halo gold project in Red Lake, Ontario, by acquiring Burgudy Exploration and its 41.6 sq. km of prospective land in the area. Dixie Halo surrounds Great Bear Resource's (TSXV: GBR; US-OTC: GTBDF) Dixie gold project and raises BTU's total Red Lake land position to 129 sq. km.BTU will acquire Burgundy for 3.6 million sharesThe company will call its new c...Read More
BTU Metals (TSXV: BTU) has expanded its Dixie Halo gold project in Red Lake, Ontario, by acquiring Burgudy Exploration and its 41.6 sq. km of prospective land in the area. Dixie Halo surrounds Great Bear Resource's (TSXV: GBR; US-OTC: GTBDF) Dixie gold project and raises BTU's total Red Lake land position to 129 sq. km.BTU will acquire Burgundy for 3.6 million sharesThe company will call its new c...Read More