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
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
Trump may be facing an uphill battle he can't win in 2020.He's a successful businessman who never held public office before winning the Presidency...He's coming into power after an electoral college landslide...And he did it by beating an out-of-touch New Yorker opponent.Once in office, he launches a vast trade war, promising to stand up for America's heartland, with 890 increased tariffs in total...Read More
On a flight to Brasilia last year, Jair Bolsonaro's carry-on bag contained little more than two small chunks of metal mined in Brazil: One was graphene, used in solar cells; the other niobium, which strengthens steel.At the time, he said he hoped to display them in a TV interview, evidence of the promise mining holds for Brazil's struggling economy. While some of the former Army captain's ideas ha...Read More
On a flight to Brasilia last year, Jair Bolsonaro's carry-on bag contained little more than two small chunks of metal mined in Brazil: One was graphene, used in solar cells; the other niobium, which strengthens steel.At the time, he said he hoped to display them in a TV interview, evidence of the promise mining holds for Brazil's struggling economy. While some of the former Army captain's ideas ha...Read More
Christopher Lewis20 hours agoSilver markets continue to be very jittery, just as the global markets have been. Looking at this chart, I believe that it’s obvious that there are buyers on dips and that’s exactly what we have seen during early Wednesday trading. The $14.70 level has offered enough support to turn the market right back around and crashing into the $14.80 level. Silver i...Read More
Christopher Lewis20 hours agoGold markets fell initially during the day on Wednesday, finding support just below the $1230 level. Ultimately, this is a market that I think continues to find buyers on these dips as gold is a bit of a safe haven trade as of late. I believe that the market continues to be very skittish about global trade and of course rhetoric coming out of the mouths of politicians,...Read More
Newmont Mining, (NYSE:NEM), the world's second largest gold miner by output, reported Thursday lower third-quarter profit and revenue as a result of weak prices for the precious metal and copper in the period.The Greenwood Village, Colorado-based company logged an adjusted profit of $175 million, or 33 cents per share, for the three months leading to September, compared with a profit of $184 mi...Read More
Newmont Mining, (NYSE:NEM), the world's second largest gold miner by output, reported Thursday lower third-quarter profit and revenue as a result of weak prices for the precious metal and copper in the period.The Greenwood Village, Colorado-based company logged an adjusted profit of $175 million, or 33 cents per share, for the three months leading to September, compared with a profit of $184 mi...Read More
Evidence of a looming financial crisis may be growing, according to Harry Dent.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and China's recent stock market decline - years before they happened - has issued a new earth-shattering statement:"The Dow is set to embark on a catastrophic plunge...all the way down to 6,000."Harry Dent recently explained: "Nations are...Read More
Vancouver, BC - Quadron Cannatech Corporation (CSE:QCC) (the "Company" or "Quadron"), is pleased to announce that it has entered into a binding letter of intent dated October 24, 2018 with Genetic Properties Inc. ("GPI") and its shareholders, pursuant to which Quadron will acquire up to a one-third equity interest in GPI (the "LOI").GPI, a private company based in Toronto, Ontario, is applying...Read More
Vancouver, BC - good natured Products Inc. (TSX-V:GDNP) (the "Company" or "good naturedTM") is pleased to announce its latest commercial partnership with Indoor City Farm, Your Local Greens, Inc.Utilizing the latest LED grow light technology from Phillips Horticulture, Your Local Greens plans to become a key player in the post-organic Indoor City Farming space. With only 3% waste, 90% less water...Read More
Vancouver, BC - Select Sands Corp. (TSX-V:SNS | OTCQX: SLSDF) (the "Company") is pleased to announce that the Company sold 80,000 tonse of frac and industrial sands during Q3 2018 which is within the Company's previous guidance (see press release dated September 4, 2018) of between 65,000 to 95,000 tons.Further to this sales update, the Company is providing the below highlights of its cur...Read More
* U.S. crude stocks up, gasoline, diesel inventories down -EIA* Saudi assurance on oil supplies, economic worries weigh* Two China state refiners to skip Iran oil bookings for Nov* Brent ends lower, U.S. futures up modestly (Adds additional details, quotes, updates prices to settlement, adds volume)By David GaffenNEW YORK, Oct 24 (Reuters) - Oil prices rose modestly on Wednesday, rebounding after...Read More
MUMBAI, Oct 24 (Reuters) - The Indian rupee strengthened to a three-week high on Wednesday morning, aided by a sharp fall in global crude oil prices overnight, while expected gains in local shares also helped sentiment. O/RThe partially convertible rupee INR=D2 was trading at 73.22/23 per dollar at 0340 GMT, compared with its previous close of 73.5750 and after earlier touching 73.10 in opening de...Read More
* Asian stock markets : https://tmsnrt.rs/2zpUAr4* Nikkei futures point to opening drop around 600 points* Wall St suffers worst one-day fall since 2011* Chip stocks hammered amid earnings, economic worries* Bonds rally on safety bid, US dollar and yen in demandBy Wayne ColeSYDNEY, Oct 25 (Reuters) - Asian share markets face a rough ride on Thursday after a tumble in technology stocks inflicted th...Read More
Investing.com - Gold prices slipped from three-month highs on Wednesday as weakness in the euro and sterling pushed the dollar to nine-week highs.At 9:09 AM ET (13:09 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange fell $1.20, or 0.10%, to $1,232.20 a troy ounce, backing away from $1,237.80 reached on Tuesday amid simmering geopolitical tensions.M...Read More
(Adds company news items, futures)Oct 24 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 69 points higher on Wednesday, according to financial bookmakers, with futures up 0.4 percent ahead of the cash market open.* BARCLAYS: Barclays BARC.L reported a profit before tax of 3.1 billion pounds ($4.02 billion) for the third quarter, as its under-pressure investment banking division booked...Read More
Despite beating average Wall Street analyst forecasts for third-quarter earnings per share and revenue, no material news on progress with the Indonesian government regarding its long-term Grasbe...Read More
While investing in gold stocks has pretty much been a losing proposition in the last five years and more, things are changing.The market is clearly more skittish, with major market indexes seeing big selling pressure.As I know you are well aware of, on October 9, the S&P/TSX Composite began a sell-off that spooked investors, leaving us wondering if this is the sell-off we have been waiting fo...Read More
#4 Zone Manto: flat-lying sulphide mantos in carbonates. Source: Sun Metals Corp.Sun Metals Corp. [SUNM-TSXV] shares rallied Thursday after the company released impressive drill results from its Stardust project in northcentral British Columbia.The company announced that drilling into a new extension of the Canyon Creek Skarn zone at the Stardust project has returned the thickest and richest miner...Read More