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
Carube Copper Corp. (TSXV:CUC) is pleased to report positive new results from its ongoing surface exploration program at the Company's 100% owned Main Ridge Project (Read full newsRead More
Hungary's central bank increased its gold reserves 10-fold, citing the need to improve its holdings' safety, joining regional peers with relatively high ownership in the European Union's east.Following a similar move by Poland, the central bank in Budapest now holds 31.5 tons of the metal, taking the share among total reserves to 4.4 percent, in line with the average in the region, according to a...Read More
Hungary's central bank increased its gold reserves 10-fold, citing the need to improve its holdings' safety, joining regional peers with relatively high ownership in the European Union's east.Following a similar move by Poland, the central bank in Budapest now holds 31.5 tons of the metal, taking the share among total reserves to 4.4 percent, in line with the average in the region, according to a...Read More
Using airlifted supplies, a crew is closing the entries to 42 abandoned mines scattered throughout Gold Butte National Monument, plugging some and grating others to allow wildlife to use them as sh...Read full newsRead More
earchlight Resources Inc.(Read full newsRead More
The copper market is currently experiencing a squeeze on physical metal which is unexpected.The London Metal Exchange (LME) price is treading water just above the $6,000 level, struggling to fend off bearish macro funds.Mine supply is doing just fine with a conspicuous absence of disruption this year.Yet, all the tell-tale signs of physical market tightness are there.Global exchange stocks have be...Read More
The copper market is currently experiencing a squeeze on physical metal which is unexpected.The London Metal Exchange (LME) price is treading water just above the $6,000 level, struggling to fend off bearish macro funds.Mine supply is doing just fine with a conspicuous absence of disruption this year.Yet, all the tell-tale signs of physical market tightness are there.Global exchange stocks have be...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee"), is pleased announce it has introduced a pay-per SKU submission based revenue model providing Small and Medium Sized Businesses ("SMB's) with more flexible pricing solutions for its entry-level product content distribution productsAs retailers work to expand product selection with "drop ship", "endless aisle"...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata"), is pleased to announce the Company has received multiple purchase orders from leading industry specialists totalling CAD $1.3M, which shows continued significant demand for the Company's devices.The purchase orders have been received for Siyata's various 4G devices using Push-to-Talk Over Cellular...Read More
Algold Resources Ltd. (TSXV:ALG) ("Algold" or the "Corporation") today announced a new series of assay results from drilling carried out in July and August 2018 on the priority targets of Salma Vein System ("SVS"), Eleonore and Sophie located within the Corporation's Tijirit Project in Mauritania. Read full newsRead More
Dow stocks Goldman Sachs and UnitedHealth are both higher after earningsThe Dow Jones Industrial Average (DJI) is up more than 350 points, on track for its best day in two months, thanks to some strong earnings reports from blue-chips Goldman Sachs (GS) and UnitedHealth (UNH). The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are sporting impressive gains, too, powered by a bouncing tech sector...Read More
U.S. hedge fund Livermore Partners is calling for an overhaul of the board at Detour Gold Corp and a strategic review, becoming the second activist to target the Canadian mining company.Livermore, which has engaged in other activist campaigns including at Canadian and UK media firm Entertainment One Ltd , sent a letter to Detour on Tuesday, saying the board has failed its shareholders on "numerous...Read More
U.S. hedge fund Livermore Partners is calling for an overhaul of the board at Detour Gold Corp and a strategic review, becoming the second activist to target the Canadian mining company.Livermore, which has engaged in other activist campaigns including at Canadian and UK media firm Entertainment One Ltd , sent a letter to Detour on Tuesday, saying the board has failed its shareholders on "numerous...Read More
Anglo American (LON:AAL) plans to resume production at its massive Minas Rio iron ore mine in Brazil before year-end, but said a planned ramp-up to 26.5 million tonnes per year is likely to be pushed back to 2021 from 2020.The company halted production at the mine, its biggest development project, after two leaks in March affected a pipeline that carries the ore to port in Rio de Janeiro state for...Read More
Call and put open interest on HCLP are at their highest points of the past 12 monthsThe shares of fracking specialist Hi-Crush Partners LP (NYSE:HCLP) hit a year-to-date low of $9.43 on Monday, before settling with a slimmer 5.9% loss at $9.64. The downside didn't deter bullish options traders, though, who rolled the dice on a quick move back into double-digit territory for HCLP stock.By the time...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 oil price is rising due to the upcoming restrictions on the sale of Iranian oil - the second of a two-part set of sanctions imposed on the Middle Eastern power following the Trump Administration's decision in May to withdraw from the Iran nuclear agreement, known formally as the Joint Comprehensive Plan of Action (JCPA). Sanctions lifted under the Obama Administration were re-imposed.What shou...Read More
Benchmark initiated coverage on the weed stock with a "buy" ratingWith recreational marijuana slated to become legal in Canada starting tomorrow, Oct. 17, Benchmark initiated coverage on British Columbia-based Tilray Inc (NASDAQ:TLRY) with a "buy" rating and $200 price target -- a nearly 21% premium to last night's close. The analyst in coverage waxed optimistic on the company's early emergence in...Read More
Nigeria's population is growing rapidly. It now stands at 182 million, and is projected to exceed 300 million by mid-century, surpassing the U.S. to become the world's third-largest country. And thanks to a high fertility rate - more than five children per woman, higher than the average for sub-Saharan Africa and more than double the global rate - that growth can be expected to continue for quite...Read More
Our senior V.P. of research explains the "confluence of factors" that tripped up stocksSchaeffer's Senior V.P. of Research Todd Salamone stopped by CNBC's Squawk Box this morning, where he explained some of the factors that contributed to last week's brutal stock market sell-off -- including how options mechanics may have played a role heading into October expiration.To watch Todd's full remarks,...Read More