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
Pacton Gold Inc. (TSXV:PAC, OTC:PACXF, FSE:2NKN) (theRead full newsRead More
The US miner has agreed to a deal that would give it up to 80% in Solaris' Ricardo property.Read full newsRead More
There's a few "sneaky" tricks Wall Street doesn't want made public.While pretending to be pillars of investing intelligence and integrity...The richest, most influential billionaires on Wall Street are secretly manipulating the market - and they don't care who gets hurt in the process.It's nothing personal...They have multi-million dollar bonuses to collect and high-rise condos to buy their mistre...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
NA NONG BONG, Thailand (Thomson Reuters Foundation) - They came in the night - a...Read full newsRead More
A hidden gem trading under a secret name could be the key to retirement riches.Picture the perfect stock for a moment.What would it look like?No doubt it would have hundreds of billions in revenue - more than tech giants like IBM, Facebook and Google.It would probably be a leader in cutting-edge technology like smartphones, robotics, e-commerce and medical equipment.It would have tens of thousands...Read More
A free tool can help traders bank big this earnings season.Financial stocks (JPM, C, and WFC) kicked off earnings season on Friday, and traders need to position themselves now in order to ensure maximum profit from it.One company can help any investor do just that.They've developed a tool that predicts volatility based on earnings announcements.The tool works on select stocks with a 77.6% accuracy...Read More
The Dow fell over 500 points at its lows, but pared its losses into the closeThe Dow plunged out of the gate this morning, and was down 548 points at its session low, as industrial heavyweights 3M (MMM) and Caterpillar (CAT) sold off after their latest earnings reports. The early downside bias echoed a bearish mood overseas, where stocks in Asia and Europe succumbed to heavy selling. While stocks...Read More
Little has been done to reverse the damage of gold mining and villagers have little recourse, say expertsRead full newsRead More
The Cerro Matoso nickel mine, owned by Australian miner South32, owes more than $56 million in unpaid royalties to Colombia, the country's comptroller said on Tuesday.The company, which produced 40,600 tonnes of ferronickel in 2017, applied incorrect discounts to its royalty payments over several multi-year periods, the comptroller said in a statement."The mining company Cerro Matoso S.A. owes the...Read More
Caterpillar and 3M earnings are the big story todayThe Dow is trading lower today following a disappointing round of corporate earnings. Most notably, blue chips Caterpillar Inc. (NYSE:CAT) and 3M Co (NYSE:MMM) are leading the sell-off, overshadowing upbeat results from McDonald's Corporation (NYSE:MCD). Below, we'll look at how shares of CAT, MMM, and MCD are trading today, and how the options ma...Read More
NA NONG BONG, Thailand (Thomson Reuters Foundation) - They came in the night - a...Read full newsRead More
Little has been done to reverse the damage of gold mining and villagers have little recourse, say expertsRead full newsRead More
With gold expected to continue the trend we have seen over the last six months, investors will continue to soften their holdings in publicly traded gold mining companies.One of the miners I would suggest selling is Acacia Mining PLC (ACA.L), the African subsidiary of Barrick Gold Corp. (ABX).WarningRead full newsRead More
With construction 40% completed, this gold explorer/developer is well on the way to getting the Yukon's next gold mine up and running.Read full newsRead More
The short seller set a year-end $100 price target on Tesla back in MarchThe shares of Tesla Inc (NASDAQ:TSLA) have been volatile in recent months, per their 120-day historical volatility of 63.4% -- in the 99th annual percentile. Things are no different today, with the security up 10.2% to trade at $290.69, after Citron Research said it was long on TSLA stock.The noted short seller set a $100 pric...Read More
Nvidia's recent pullback could have bullish implicationsThe shares of Nvidia Corporation (NASDAQ:NVDA) are taking part in the broad market and semiconductor sell-off today, down 4.2% at last check to trade at $221.41. Also pressuring NVDA lower is a price-target cut from UBS to $260 from $285. However, there is silver lining for the chip stock in the form of two bullish signals that just flashed....Read More
Palladium futures settled at a record on Tuesday, as concerns surrounding supplies from Russia, following U.S. President Donald Trump's plan to pull out of a nuclear treaty with Moscow, lifted prices for a third straight session. Palladium for December delivery PAZ8, -0.29% climbed by $15.10, or 1.4%, to settle at $1,122.80 an ounce on Comex after tapping an intraday high of $1,137.70. The settle...Read More
Two years after commercial production began in October 2016, Newmont Mining's (NYSE: NEM) Merian mine in Suriname has poured one million ounces of gold.Newmont Suriname - a subsidiary of the Colorado-based company - owns 75% of the mine and Suriname's state-owned oil company, Staatsolie Maatschappij Suriname, owns the remaining 25% stake.Construction of the mine, about 60 km south of Moengo and 1...Read More
Two years after commercial production began in October 2016, Newmont Mining's (NYSE: NEM) Merian mine in Suriname has poured one million ounces of gold.Newmont Suriname - a subsidiary of the Colorado-based company - owns 75% of the mine and Suriname's state-owned oil company, Staatsolie Maatschappij Suriname, owns the remaining 25% stake.Construction of the mine, about 60 km south of Moengo and 1...Read More