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
Bullish attention is the norm for these twoTwo names out of the healthcare sector enjoying upbeat analyst attention today are Tandem Diabetes Care Inc (NASDAQ:TNDM) and Neurocrine Biosciences, Inc. (NASDAQ:NBIX). We're going to take a closer look at shares of TNDM and NBIX below, including how Wall Street is positioning itself on both. For TNDM stock, Baird lifted its opinion to "outperform" and p...Read More
AQST stock, meanwhile, is fresh off a record lowStocks are looking for their first win of the week ahead of the Thanksgiving holiday. Among individual names making big moves are drug delivery technology expert Aquestive Therapeutics Inc (NASDAQ:AQST), Israel-based satellite firm Ability Inc (NASDAQ:ABIL), and roofing expert Beacon Roofing Supply, Inc. (NASDAQ:BECN). Here's a quick look at what's m...Read More
Gold futures climbed Wednesday, settling at their highest in two weeks and gaining week-to-date, on the back of some weakness in the dollar, a day after a tech- and energy-led rout prompted the Dow and S&P 500 to erase gains for 2018. Gold for December delivery GCZ8, -0.04% on Comex rose $6.80, or 0.6%, to settle at $1,228 an ounce, trading roughly 0.4% higher week-to-date. It settled at the...Read More
QUEBEC - They don't call it "Windfall" Lake for nothing. The latest windfall from the property was made by Osisko Mining of Toronto. Drilling returned 83.9 g/t gold over 5.3 metres - an almost unheard of length for such a high grade.And that's not all. The same hole, OSK-W-18-1731 in the Lynx zone, also returned 89.3 g/t gold over 2.4 metres.Other holes were almost as promising: OSK-W-18-1728-W1 r...Read More
QUEBEC - They don't call it "Windfall" Lake for nothing. The latest windfall from the property was made by Osisko Mining of Toronto. Drilling returned 83.9 g/t gold over 5.3 metres - an almost unheard of length for such a high grade.And that's not all. The same hole, OSK-W-18-1731 in the Lynx zone, also returned 89.3 g/t gold over 2.4 metres.Other holes were almost as promising: OSK-W-18-1728-W1 r...Read More
QUEBEC - They don't call it "Windfall" Lake for nothing. The latest windfall from the property was made by Osisko Mining of Toronto. Drilling returned 83.9 g/t gold over 5.3 metres - an almost unheard of length for such a high grade.And that's not all. The same hole, OSK-W-18-1731 in the Lynx zone, also returned 89.3 g/t gold over 2.4 metres.Other holes were almost as promising: OSK-W-18-1728-W1 r...Read More
Former Federal Reserve Chairwoman Janet Yellen says the central bank should make public its blueprint for fighting the next downturn so that investors understand how officials plan to act.Read full newsRead More
Cyber Monday is historically a tough day for stocksIt used to be just Black Friday, now there's Gray Thursday and Cyber Monday and who knows what else. Whatever they name it these days, it's the unofficial start to the holiday shopping season. Get ready for reports of foot traffic,online and in-store sales numbers, and Walmart fist-fights, all of which will be used to gauge the strength of the con...Read More
Don't miss out on the multi-billion-dollar "Marijuana Buyout Boom."One Fortune 500 company is betting over $4 BILLION on "legal weed."Constellation Brands already owns Corona, Robert Mondavi, Canadian Whiskey, and Svedka.And now they're getting into cannabis.They recently made a HUGE investment in major pot company called Canopy Growth.Why?Because they anticipate massive growth and profits once...Read More
The company is taking another big step toward establishing itself as the American WeChat or Alipay as it seeks to become the dominant player in electronic consumer payments in the US and beyond.Read full newsRead More
IDM Mining (TSXV: IDM; US-OTC: IDMMF) has added a third underground drill at its Red Mountain underground gold-silver project, east of Stewart, British Columbia. The company has increased its drill program by 5,400 metres; it will now drill 13,000 metres across 54 holes.With its 2018 drilling, the company is testing various zones at Red Mountain including the northern and western extensions of the...Read More
IDM Mining (TSXV: IDM; US-OTC: IDMMF) has added a third underground drill at its Red Mountain underground gold-silver project, east of Stewart, British Columbia. The company has increased its drill program by 5,400 metres; it will now drill 13,000 metres across 54 holes.With its 2018 drilling, the company is testing various zones at Red Mountain including the northern and western extensions of the...Read More
IDM Mining (TSXV: IDM; US-OTC: IDMMF) has added a third underground drill at its Red Mountain underground gold-silver project, east of Stewart, British Columbia. The company has increased its drill program by 5,400 metres; it will now drill 13,000 metres across 54 holes.With its 2018 drilling, the company is testing various zones at Red Mountain including the northern and western extensions of the...Read More
Infill drilling in the southwestern part of the Marathon deposit in Newfoundland continues to return high-grade gold intercepts, Marathon Gold Corp. (TSX: MOZ) reports.The company completed its 41,000-metre step-out and infill drill program for 2018 at the end of October and assays released today include 5.36 grams gold over 11 metres from 26 metres below surface in hole MA-18-330; 3.63 grams gold...Read More
Infill drilling in the southwestern part of the Marathon deposit in Newfoundland continues to return high-grade gold intercepts, Marathon Gold Corp. (TSX: MOZ) reports.The company completed its 41,000-metre step-out and infill drill program for 2018 at the end of October and assays released today include 5.36 grams gold over 11 metres from 26 metres below surface in hole MA-18-330; 3.63 grams gold...Read More
Infill drilling in the southwestern part of the Marathon deposit in Newfoundland continues to return high-grade gold intercepts, Marathon Gold Corp. (TSX: MOZ) reports.The company completed its 41,000-metre step-out and infill drill program for 2018 at the end of October and assays released today include 5.36 grams gold over 11 metres from 26 metres below surface in hole MA-18-330; 3.63 grams gold...Read More
JOHANNESBURG - South Africa's Competition Tribunal on Wednesday approved Sibanye-Stillwater's takeover of troubled platinum producer Lonmin but imposed a six-month moratorium on job cuts.South Africa's Sibanye has proposed to buy Lonmin for about 285 million pounds ($365 million) to create the world's No. 2 platinum producer in a bid to ride out depressed prices for the metal.(By Tanisha Heiberg;...Read More
Whenever we see markets tanking as they have been for the past few days, we think counterparty risk may be spooking traders and investors...Read full newsRead More
* LME Zinc price, spreads and stocksLONDON - The London zinc market is experiencing unprecedented tightness this week.As of Monday's close, the London Metal Exchange's (LME) benchmark cash-to-three-months spread CMZN0-3 was valued at a backwardation of $97 per tonne.The cash premium is now higher than the last spike in October 2017 with the only historical comparison the years 2006-2007, when LME...Read More
A bounce in tech and energy stocks is offsetting lackluster economic dataThe Dow Jones Industrial Average (DJI) is paring a portion of its massive Thanksgiving week losses in today's low-volume session, boosted by a big bounce in tech and energy stocks. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are up, as well, with oil prices also stabilizing. At last check, January-dated crude is 1.6%...Read More