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
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
FAANG stocks are dragging the tech sector down again todayThe broader stock market has resumed its sharp sell-off today, led by the spiraling tech sector. More specifically, FAANG stocks are significantly lower today, with Facebook, Inc. (NASDAQ:FB) and Apple Inc. (NASDAQ:AAPL) under pressure amid some negative headlines.Facebook Under More Public Pressure From SorosFor Facebook, the social medi...Read More
The shares have had a more volatile-than-usual 60-day stretchThe shares of United Technologies Corporation (NYSE:UTX) are up 2.4% at $128.73, after China approved the blue-chip defense firm's record $23 billion buyout of aircraft parts manufacturer Rockwell Collins (COL). The deal, which was first announced in September 2017, received the green light from U.S. and European regulators earlier this...Read More
Oil's poised for a seventh weekly loss after Saudi Arabia signaled its output may have reached a record, while America's growing crude stockpiles stoked concerns over a potential supply glut.Futures retreated as much as 3.3 percent in New York, set for a 5.6 percent drop this week. Saudi Arabia is producing in excess of 10.7 million barrels a day, Energy Minister Khalid Al-Falih said, giving the s...Read More
LONDON - Britain's Banks Mining has won a high court challenge to the government's decision to reject its application to develop a new coal mine in northeastern England, the company said on Friday.Northumberland County Council agreed last year that the mine's developer, Banks Mining, a division of The Banks Group, could extract 3 million tonnes of coal by cutting an open cast, or surface, mine nea...Read More
Some penny stock news for this Black Friday on Wall StreetTwo low-dollar stocks making notable pre-market moves are Auris Medical Holding AG (NASDAQ:EARS) and Orchids Paper Products (NYSE:TIS). The shares of both EARS and TIS are set to rise at the open, so we'll take a closer look at the stocks below. For EARS, the security is set to rise almost 23% at the open, following news the company's CEO T...Read More
II bulls haven't been this prevalent in yearsBack in September, when the major stock market indexes were still flirting with new highs, optimism on Wall Street was unsurprisingly elevated. Specifically, the number of bullish newsletter advisors surveyed in theInvestors Intelligence (II) poll was at its highest point since January. However, unless you've been hiding under a rock, you're aware that...Read More
All three benchmarks are heading toward steep weekly lossesFutures on the Dow Jones Industrial Average (DJI) are down more than 100 points on Black Friday, set to continue the slide that defined Wednesday's last-minute pivot lower. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are in the red as well, as tech shares -- and, more specifically, FAANG names -- appear set to resume their se...Read More
Camino Minerals (TSXV: COR) announced this week that it is in the process of completing an extensive surface exploration program on the 20,000-hectare Chapitos copper-gold project in southern Peru.Chapitos is located in the Arequipa province, near the Chala mining hub. This is the Peruvian Iron Oxide Copper Gold belt, which also hosts Minsur's Mina Justa, an open-pit deposit whose output is of 90,...Read More
Camino Minerals (TSXV: COR) announced this week that it is in the process of completing an extensive surface exploration program on the 20,000-hectare Chapitos copper-gold project in southern Peru.Chapitos is located in the Arequipa province, near the Chala mining hub. This is the Peruvian Iron Oxide Copper Gold belt, which also hosts Minsur's Mina Justa, an open-pit deposit whose output is of 90,...Read More
Camino Minerals (TSXV: COR) announced this week that it is in the process of completing an extensive surface exploration program on the 20,000-hectare Chapitos copper-gold project in southern Peru.Chapitos is located in the Arequipa province, near the Chala mining hub. This is the Peruvian Iron Oxide Copper Gold belt, which also hosts Minsur's Mina Justa, an open-pit deposit whose output is of 90,...Read More
Camino Minerals (TSXV: COR) announced this week that it is in the process of completing an extensive surface exploration program on the 20,000-hectare Chapitos copper-gold project in southern Peru.Chapitos is located in the Arequipa province, near the Chala mining hub. This is the Peruvian Iron Oxide Copper Gold belt, which also hosts Minsur's Mina Justa, an open-pit deposit whose output is of 90,...Read More
Camino Minerals (TSXV: COR) announced this week that it is in the process of completing an extensive surface exploration program on the 20,000-hectare Chapitos copper-gold project in southern Peru.Chapitos is located in the Arequipa province, near the Chala mining hub. This is the Peruvian Iron Oxide Copper Gold belt, which also hosts Minsur's Mina Justa, an open-pit deposit whose output is of 90,...Read More
Camino Minerals (TSXV: COR) announced this week that it is in the process of completing an extensive surface exploration program on the 20,000-hectare Chapitos copper-gold project in southern Peru.Chapitos is located in the Arequipa province, near the Chala mining hub. This is the Peruvian Iron Oxide Copper Gold belt, which also hosts Minsur's Mina Justa, an open-pit deposit whose output is of 90,...Read More
New mining projects, particularly in the gold sector, are expected to drive strong economic growth in Canada's far north, with Yukon and Nunavut surpassing the rest of Canada by 2010, a new report shows.According to The Conference Board of Canada's latest Territorial Outlook, the nearby Northwest Territories (N.W.T.), however, face challenging times as the diamond industry there matures and prod...Read More
New mining projects, particularly in the gold sector, are expected to drive strong economic growth in Canada's far north, with Yukon and Nunavut surpassing the rest of Canada by 2010, a new report shows.According to The Conference Board of Canada's latest Territorial Outlook, the nearby Northwest Territories (N.W.T.), however, face challenging times as the diamond industry there matures and prod...Read More
New mining projects, particularly in the gold sector, are expected to drive strong economic growth in Canada's far north, with Yukon and Nunavut surpassing the rest of Canada by 2010, a new report shows.According to The Conference Board of Canada's latest Territorial Outlook, the nearby Northwest Territories (N.W.T.), however, face challenging times as the diamond industry there matures and prod...Read More
New mining projects, particularly in the gold sector, are expected to drive strong economic growth in Canada's far north, with Yukon and Nunavut surpassing the rest of Canada by 2010, a new report shows.According to The Conference Board of Canada's latest Territorial Outlook, the nearby Northwest Territories (N.W.T.), however, face challenging times as the diamond industry there matures and prod...Read More
Bluejay Mining (AIM: JAY) announced this week that, after three-year fieldwork studies, the Environmental Impact Assessment for its Dundas ilmenite project in Greenland is now completed and the operation is about to enter the final stages of permitting.In a press release, the London-based company said it is now working on the collection and collation of data for its Social Impact Assessment, which...Read More
Is a "Blue Wave" building?Something strange is happening in America.Millions of Americans are furious - and this time, they're taking their anger out on Republicans.All across America, 45 Republicans have lost elections during Trump's presidency in places they shouldn't have possibly been able to lose... even in districts where Trump won in a landslide and remains popular.In the last few months al...Read More