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

Excelsior Mining plans to complete construction at its Gunnison copper project in south eastern Arizona and enter production over the next year after agreeing to a US$75 million project financing package with Triple Flag Mining Finance.Triple Flag will buy a US$65 million copper stream on Gunnison and US$10 million in shares from Excelsior. The package includes an option for Triple Flag to fund a...Read More

Arizona prospector John Waddell realizes he's lucky to be alive after surviving a days-long ordeal at the bottom of an old abandoned mine shaft in the desertRead full newsRead More

SBBP and KIN are also making big moves on the charts todayA round of upbeat earnings and economic data has the U.S. stock market up big today, though it's still staring at a sizable October deficit. Among individual names making notable moves are da Vinci Surgical System parent Intuitive Surgical, Inc. (NASDAQ:ISRG), rare disease specialist Strongbridge Biopharma plc (NASDAQ:SBBP), and veterinary...Read More

Marijuana stocks are in "early internet" territory.Amazon's early investors walked away with over 79,000% in profits. And this same phenomenon is happening in the cannabis space right now.Remember, the dotcom bubble separated out the real companies from the fake.Which is why it's so important to "weed" out the companies that might not survive this volatile but opportune time.Now, the race has ser...Read More

Walter Coles Sr. stood on a hill overlooking the Virginia pasture land that his family has farmed since it was deeded to them by Thomas Jefferson, motioning with a sweep of his hand to the expanse of radioactive treasure buried below."There's uranium everywhere," Coles said of fields that had once been filled with tobacco. The mine would bring hundreds of jobs and tax revenue to an area that's ye...Read More

Walter Coles Sr. stood on a hill overlooking the Virginia pasture land that his family has farmed since it was deeded to them by Thomas Jefferson, motioning with a sweep of his hand to the expanse of radioactive treasure buried below."There's uranium everywhere," Coles said of fields that had once been filled with tobacco. The mine would bring hundreds of jobs and tax revenue to an area that's ye...Read More

The shares are set for their biggest monthly loss in almost 10 yearsIt's been a brutal month for Amazon.com, Inc. (NASDAQ:AMZN), with the FAANG stock set to close out October with a 20% loss, its biggest monthly drop since November 2008. The swift decline took a notable slice out of Amazon's market cap -- which topped $1 trillion for the first time in early September, but closed last night at $748...Read More

China National Nuclear Corp (CNNC) is looking to invest in overseas uranium mines to secure supply for an expected ramp-up in China's nuclear power generation, a senior company executive said on Wednesday.China and Japan have been ramping up nuclear power as an alternative to fossil fuels, and rising demand could pull uranium out of a years-long slump that has seen a swathe of projects put on care...Read More

China National Nuclear Corp (CNNC) is looking to invest in overseas uranium mines to secure supply for an expected ramp-up in China's nuclear power generation, a senior company executive said on Wednesday.China and Japan have been ramping up nuclear power as an alternative to fossil fuels, and rising demand could pull uranium out of a years-long slump that has seen a swathe of projects put on care...Read More

China National Nuclear Corp (CNNC) is looking to invest in overseas uranium mine...Read full newsRead More

TOKYO, Oct 31 - Japanese trading firm Mitsui & Co Ltd may sell its stake in an Australia thermal coal mine in the face of growing pressure to divest coal assets amid mounting concerns over climate change, its chief executive officer said on Wednesday."We've made it clear that we won't invest in new thermal coal mining projects," Mitsui President and Chief Executive Officer Tatsuo Yasunaga told ana...Read More

Facebook and General Motors are big earnings winners todayStocks are pushing higher once more, with the Dow Jones Industrial Average (DJI) up 389 points earlier in the session. The blue-chip benchmark is making a frenetic push to trim its steep October losses, but is still heading toward its worst month since January 2016. The S&P 500 (SPX) and Nasdaq Composite (IXIC) are vaulting higher tod...Read More

The stock is one of the best to own in November, historicallyThe shares of FedEx Corporation (NYSE:FDX) have given up more than 8% in October, retreating in step with the broader stock market. However, the shipping stock is on the mend today -- and it could be the start of a longer rebound for FDX, if past is prologue.FedEx stock was last seen 2.2% higher at $221.38, attempting to topple its 20-da...Read More

The world's largest miner has cut its economic growth forecasts for the world's two biggest economies as the superpowers engage in aRead full newsRead More

The deeper the mine, then the bigger the savings.Read full newsRead More

With the world's top miners on a tear, stakeholders are lining up for their long-awaited slice of the action. Plus,Read full newsRead More

MELBOURNE, Oct 31 - The mining industry wants to shed its image as a low-tech shoveller of dirt and instead be seen as a cutting edge digital-savvy employer of choice. It's a feat that could be compared to teaching an elephant to ballet dance.While mining companies have been quick to adopt new technologies to drive costs lower, there is an increasing recognition that the industry needs to embrace...Read More

HARARE, Oct 31 - Zimbabwe's gold miner RioZim has closed its three mines due to a shortage of dollars, the company said in a letter to the central bank seen by Reuters on Wednesday.The country, which adopted the use of the United States dollar in 2009 to tame hyperinflation, is gripped by acute shortages of greenbacks. Prices of basic goods, public taxis and medicines have risen in the last few we...Read More

Pullbacks to key trendlines have been bullish for the stocks in the pastIt's been a pretty brutal October all around, with the S&P 500 staring at its worst monthly loss since 2010. However, a pair of healthcare stocks are flashing buy signals after their recent pullbacks -- and just ahead of earnings next week: Viking Therapeutics Inc (NASDAQ:VKTX) and Bausch Health Companies Inc (NYSE:BHC) (forme...Read More

HARARE, Oct 31 - Zimbabwe's gold miner RioZim has closed its three mines due to a shortage of dollars, the company said in a letter to the central bank seen by Reuters on Wednesday.The country, which adopted the use of the United States dollar in 2009 to tame hyperinflation, is gripped by acute shortages of greenbacks. Prices of basic goods, public taxis and medicines have risen in the last few we...Read More