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
Northern Miner staff reporter Colin McClelland recently spoke with Jonathan Lafontaine, mining exploration activity monitor with Quebec's Ministry of Energy and Natural Resources at PDAC 2023 in Toronto. Quebec has one of the most diverse commodity bases in the world, from precious metals, including gold, to bulks like high-grade iron ore and critical metals such as nickel, copper, and lithium. Th...Read More
Kukielski said the Peruvian electorate is quite balanced, which makes it difficult for any party to ram its agenda through, and that successive presidents have understood the value mining representsRead More
Video Series: Mining Journal speaks with Peter BryantSPONSOREDsaudi ministry of industry and mineral resourcesAvino Silver & Gold looks to triple production by adding assetsSPONSOREDavino silver & gold mines ltd Arizona Sonoran prepares for lift-off at CactusSPONSOREDarizona sonoran copper company inc.The plant will aim to demonstrate a pathway to lower carbon dioxide (CO2) intensity in st...Read More
Twentieth-century British philosopher Bertrand Russell once gave a public lecture on astronomy.An attendee - supposedly - claimed that Earth was not situated in space, as this Russell fellow argued...This attendee claimed instead that Earth rested upon the back of a monstrous turtle.Russell asked this individual what particular solidity the turtle was standing upon, what structure held it up.The a...Read More
A new report by market analyst Wood Mackenzie argues that steel, aluminum, and copper stand to benefit most from an uptick in China's gross domestic product growth this year.WoodMac suggests that if China's economy grows at the expected base case of 5.5% in 2023, the recovery will remain domestically contained with minimal global impact.However, due to the industry-intensive nature of the high-cas...Read More
Precious metals miner Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) said Thursday that it will provide up to $A30 million (about US$20 million) to its takeover target Australia's New Century Resources (ASX: NCZ), subject to certain conditions.The financial support comes as record levels of rainfall in North Queensland, Australia, resulted in flooding at the Century zinc mine and Karumba port facility...Read More
Codelco will use Waybridge to digitise its global refined copper business, which the company said would "lead the industry towards more efficient, reliable, and sustainable trading".Read More
(IDEX Online) - Brilliant Earth, the US-based "ethical jeweler", reported a slight drop in sales for Q4 2022, down 1.9 per cent to $119.6m.The total number of orders placed by consumers fell by 13.7 per cent, but the average value of those orders rose, also by 13.7 per cent, the company said in its Fourth Quarter and Fiscal Year 2022 Results.Gross profit for the quarter was $65.4m (a 54.7 per cent...Read More
Good Thursday morning to you!I've been putting off writing about the demise of my old bank, Credit Suisse. I didn't write about it in the Rude all week because I didn't have the energy to do it justice.But since this Morning Reckoning gives me a bit more latitude, I'll tackle the subject here.If you read the Rude, you know I spent over 11 years of my life over two stints working for Credit Suisse....Read More
The following slide deck was published by Aeva Technologies, Inc.Read full newsRead More
Lessors have been able to pass higher interest rates to customers for which the lease has yet to start. Read what's next for AerCap (AER) And Air Lease Corporation (AL).Read full newsRead More
NextNav, Inc. (NASDAQ:NASDAQ:NN) Q4 2022 Earnings Conference Call March 22, 2023 5:00 PM ETCompany ParticipantsGary Parsons - ChairmanGanesh Pattabiraman - Co-Founder & CEOChris Gates -...Read full newsRead More
Capital One's Credit Default Swaps are surging in price, indicating a significant decrease in investor confidence. Find out why I'm bearish on COF stock.Read full newsRead More
A key crypto indicator, the MVRV ratio (Market Value to Realized Value), is signaling the next Bitcoin bull run may be underway. Find out why I'm bullish on BTC-USD.Read full newsRead More
Predictive Oncology, Inc. (NASDAQ:NASDAQ:POAI) Q4 2022 Earnings Conference Call March 22, 2023 12:00 PM ETCompany ParticipantsTheresa Ferguson - Senior Director of MarketingRaymond Vennare...Read full newsRead More
We read through William-Sonoma's latest earnings call and learned about some exciting growth initiatives the company is executing. Click here to read my analysis.Read full newsRead More
Petco Health and Wellness Company, having just reported Q4 earnings, has seen growth come to a standstill since the pandemic. Click for our take on WOOF stock.Read full newsRead More
GBTC still trades at a 37% discount to net asset value, but the tide might be turning as Grayscale's lawsuit against the SEC is foreshadowing. Learn why GBTC is a buy.Read full newsRead More
Rani Therapeutics Holdings, Inc. (NASDAQ:NASDAQ:RANI) Q4 2022 Earnings Conference Call March 22, 2023 4:30 PM ETCompany ParticipantsLaurence Watts - Managing Director, Gilmartin Group...Read full newsRead More
Celsius Holdings slipped after Q4 2022 results missed analyst estimates but is cheap at a forward EV/S multiple of 7x. Click here to see our full CELH review.Read full newsRead More