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
Business partner Coca-Cola is actually putting pressure on MNST stockMonster Beverage Corp (NASDAQ:MNST) is trading down 10.4% in pre-market activity, even though the company reported better-than-expected earnings for the third quarter. Traders could be reacting to weak margins for the period, on top of surprising news about business partner Coca-Cola (KO), which sparked a downgrade from Morgan St...Read More
The Dow and S&P 500 are set to snap a three-day winning streakFutures on the Dow Jones Industrial Average (DJI) are signaling a lower open, with the index on track to snap a three-day winning streak. Investor attention now shifts away from the midterm elections and toward the Fed meeting, set to conclude at 2 p.m. ET today. While no monetary policy changes are expected, traders are likely to read...Read More
Aston Bay Holdings (TSX-V: BAY) has just completed the transaction to acquire all of the issued and outstanding stock of Jack's Fork Exploration (JFE). The acquisition was completed by way of a reverse triangular merger of Blue Ridge Mining, a wholly owned subsidiary of the company, into JFE, resulting in JFE being renamed "Blue Ridge Mining" and becoming a direct and wholly-owned subsidiary of As...Read More
Aston Bay Holdings (TSX-V: BAY) has just completed the transaction to acquire all of the issued and outstanding stock of Jack's Fork Exploration (JFE). The acquisition was completed by way of a reverse triangular merger of Blue Ridge Mining, a wholly owned subsidiary of the company, into JFE, resulting in JFE being renamed "Blue Ridge Mining" and becoming a direct and wholly-owned subsidiary of As...Read More
Aston Bay Holdings (TSX-V: BAY) has just completed the transaction to acquire all of the issued and outstanding stock of Jack's Fork Exploration (JFE). The acquisition was completed by way of a reverse triangular merger of Blue Ridge Mining, a wholly owned subsidiary of the company, into JFE, resulting in JFE being renamed "Blue Ridge Mining" and becoming a direct and wholly-owned subsidiary of As...Read More
Go Cobalt Mining (CSE: GOCO) has signed an option agreement with Contigo Resources to earn 100% interest in the Barachois vanadium property located in Quebec's Gaspe Peninsula.Barachois is a sedimentary hosted vanadium-selenium-silver-lead-zinc prospect that covers 1,801 hectares where carboniferous aged sediments have been shown to host sedimentary vanadium-zinc-lead mineralization. Historical wo...Read More
Vancouver, BC - Quadron Cannatech Corporation (CSE:QCC) (the "Company" or "Quadron"), is pleased to introduce its fully automated, touch screen control continuous flow Ethanol Extractor System, the "BEAST".The BEAST is in its final stage of development and innovative engineering which culminated in this extraction system which can process massive amounts of biomass for the cannabis industry....Read More
* OPEC, non-OPEC panel to meet on Sunday* U.S. oil stocks swell, output at record levels -EIA* U.S. grants Iran's biggest customers sanction exemptions* Iran's crude, condensate exports: https://tmsnrt.rs/2PMqQgS (Updates with settlement prices, quotes)By David GaffenNEW YORK, Nov 7 (Reuters) - Oil prices slipped on Wednesday, continuing a recent slide after surging U.S. crude output hit another r...Read More
Investing.com - U.S. crude prices turned negative after American crude oil inventories rose more than expected and output also jumped, increasing concerns over global supply.The EIA data showed that crude oil inventories increased by 5.783 million barrels in the week to Nov. 2.That was compared to forecasts for a stockpile build of just 2.433 million barrels, after a rise of 3.217 million barrels...Read More
Investing.com - Gold prices moved higher on Wednesday as midterm elections created a divided U.S. Congress, pushing the dollar lower.At 9:56 AM ET (14:56 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange gained $5.40, or 0.44%, to $1,229.20 a troy ounce.Meanwhile, the?EUR?U.S. U.S. dollar index, which tracks the greenback against a basket of six maj...Read More
DR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftBezant's Mankayan back in copper-gold spotlightSPONSOREDbezant resourcesKyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal internationalGolden Mile has the right stuff: ReynoldsSPONSOREDgolden mile resources The company said this week its 18-month assessment of what it called "best...Read More
Emerging geopolitical risks coupled with fears that global economic growth will slow sharply during 2019 makes now the time for investors to bolster their exposure to gold. The yellow metal has long been considered an incorruptible store of value and the ultimate safe-haven asset making it a key investment that investors can use to hedge against economic and political crises. One gold miner that h...Read More
A Kazatomprom uranium operation. Source: National Atomic Company Kazatomprom JSC.National Atomic Co. Kazatomprom JSC, the world's largest uranium producer, has secured investor support to list 15% of its shares in London this month, sources have told the Financial Times of London.The Kazakh company is aiming to raise up to US$600 million in the listing, which would value the uranium producer at US...Read More
Capstone Mining's Cozamin Mine in Mexico. Source: Capstone Mining Corp.Capstone Mining Corp. [CS-TSX] on Thursday November 8 made reductions to its organizational structure, including changes to its senior executive team. Capstone said the move is designed to improve financial and operating performance by further empowering mine general managers and their teams to deliver profitable, safe and sust...Read More
(IDEX Online) - ALROSA, the world's leading diamond miner in volume terms, has revised downwards its guidance for 2018 sales to 37 million-38 million carats due to weaker demand for small-size rough diamonds in the second half of this year. The key highlights for the first nine months of this year are: Revenue increased by 11% on the back of higher price index and average diam...Read More
(IDEX Online) - The American Gem Society (AGS) has announced its keynote and featured speakers for its annual Conclave to be held in Seattle from April 8-10. This year's lineup includes: Monday: The Opening Session lunch kicks off with Dan Thurmon, a speaker, author, and performer. Dan is president of Motivation Works, Inc. and author of Success in Action. His presentation juxtaposes...Read More
Tsodilo Resources has received the results of an independent modelled grade and diamond value for an aggregate 77.94 ct parcel of 502 commercial size diamonds.These were recovered during large diameter drilling (LDD) from four kimberlite units at the BK16 kimberlite pipe, in the Orapa Kimberlite Field (OKF), in Botswana.AdvertisementThe current LDD sample average price is $176.44/ct, derived from...Read More
This midterm election season seems like it lasted forever. There was certainly no shortage of ads, media dissections of every sound bite they could get their hands on and more than enough negativity to go around.We all know the outcome. The Democrats took the House, while Republicans kept control of the Senate and even expanded their majority.That means even though the Democrats won the House, the...Read More
A lot of people seem to have already forgotten about last month's big market sell-off. But if you're still worried about October's market sell-off, you should know that the largest bank in the U.S., JPMorgan Chase, isn't.In fact, strategists at the mega-bank believe October's market correction was driven mostly by technical factors and should reverse as earnings season progresses. Earnings season...Read More
According to retail experts, November is now the new retail boom month as more people start to do their Christmas shopping online.The shift happened in 2016 when, for the first time ever, November retail sales outpaced December. The trend continued last year with November sales climbing 1.3%, while December was down 0.6%.Shopping events like Black Friday, Singles Day and Cyber Monday are big drive...Read More