News and Reports

Year Ahead 2025

January 06, 2025

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

Year in Review 2023 and Outlook for 2024

January 04, 2024

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

Year in Review 2022 and Outlook for 2023

January 2023

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: The Heart of Global Copper

October 2021

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 Gold

June 2021

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 Gold Mining and Canadian Juniors

April 2021

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

An Overview of the Golden Triangle

July 2020

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

An Overview of Quebec Gold Mining

April 2020

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

An Overview of the Red Lake Mining District

January, 2020

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

Alibaba Put Traders Triple Their Investment in Days

October 11, 2018 / www.schaeffersresearch.com

The Chinese internet stock has been an underperformer on the charts this calendar yearSubscribers to Schaeffer's Weekly Options Countdown service just scored a 200% profit in four days with the Alibaba Group Holding Ltd (NYSE:BABA) weekly 10/5 167.50-strike put. Below, we're going to take a look back at why we were bearish on the Chinese internet name, and how BABA performed after we suggested...Read More

The maker of #Marlboro cigarettes is reportedly in talks to buy a stake in Canadian #cannabis producer Aphria

October 11, 2018 / www.businessinsider.de

The maker of Marlboro cigarettes is reportedlty in talks to buy Canadian cannabis producer Aphria, according to Globe & Mail. Shares of Aphria rallied more...Read full newsRead More

Stocks Sink Further as Wall Street Bloodbath Continues

October 11, 2018 / www.schaeffersresearch.com

The S&P 500 is headed toward its sixth straight lossStocks are getting pummeled once more today, despite a pullback in the 10-year Treasury yield and some tame inflation data. The Dow Jones Industrial Average (DJI) is down triple digits, the S&P 500 Index (SPX) is heading toward its sixth straight loss -- extending its lengthiest losing streak since before the 2016 U.S. presidential election --...Read More

2 Mining Stocks Flashing Bull Signals Before Earnings

October 11, 2018 / www.schaeffersresearch.com

Both names will report earnings next weekIt's been a rough stretch for mining stocks, as evidenced by 4.6% month-to-date deficit for the SPDR S&P Metals & Mining ETF (XME). This pullback may have potentially created buying opportunities throughout the sector, though, with Cleveland-Cliffs Inc (NYSE:CLF) and Steel Dynamics, Inc. (NASDAQ:STLD) in particular trading near trendlines that have marked a...Read More

Trafigura-backed copper miner Atalaya Mining seeks buyer

October 11, 2018 / www.mining.com

LONDON, Oct 11 (Reuters) - Copper producer Atalaya Mining, which is backed by Swiss trading giant Trafigura, is looking for a buyer, two banking sources said on Thursday.The Cyprus-based miner has hired Canadian investment bank Bank of Montreal to help with the sale, the sources said.Atalaya's main copper asset, the Proyecto Riotinto in the Spanish region of Andalucia, was part of a mine complex b...Read More

Trafigura-backed copper miner Atalaya Mining seeks buyer

October 11, 2018 / www.mining.com

LONDON, Oct 11 (Reuters) - Copper producer Atalaya Mining, which is backed by Swiss trading giant Trafigura, is looking for a buyer, two banking sources said on Thursday.The Cyprus-based miner has hired Canadian investment bank Bank of Montreal to help with the sale, the sources said.Atalaya's main copper asset, the Proyecto Riotinto in the Spanish region of Andalucia, was part of a mine complex b...Read More

Analysts Call For New Highs From Intuitive Surgical

October 11, 2018 / www.schaeffersresearch.com

Nightstar Therapeutics also received bullish attentionIntuitive Surgical, Inc. (NASDAQ:ISRG) has been a long-term outperformer on the charts, but it wasn't able to dodge yesterday's huge market sell-off, losing 3.6% for its lowest close since late July. This extended the shares' recent pullback following their all-time high of $581.12 from Oct. 1. Today, ISRG stock has dipped another 1.4% to trade...Read More

Unloved gold sector regains shine with mergers, price spike

October 11, 2018 / www.mining.com

Merger and acquisitions in the precious metals sector are gaining momentum following Barrick's recently announced $6.1 billion-deal to acquire Randgold Resources.Shortly after, Canada's Americas Silver (TSX:USA) announced it was buying Pershing Gold (Nasdaq:PGLC) for $50.78 million in an all-stock deal."This transaction aligns with our stated initiative of building a profitable and low-cost precio...Read More

Unloved gold sector regains shine with mergers, price spike

October 11, 2018 / www.mining.com

Merger and acquisitions in the precious metals sector are gaining momentum following Barrick's recently announced $6.1 billion-deal to acquire Randgold Resources.Shortly after, Canada's Americas Silver (TSX:USA) announced it was buying Pershing Gold (Nasdaq:PGLC) for $50.78 million in an all-stock deal."This transaction aligns with our stated initiative of building a profitable and low-cost precio...Read More

Unloved gold sector regains shine with mergers, price spike

October 11, 2018 / www.mining.com

Merger and acquisitions in the precious metals sector are gaining momentum following Barrick's recently announced $6.1 billion-deal to acquire Randgold Resources.Shortly after, Canada's Americas Silver (TSX:USA) announced it was buying Pershing Gold (Nasdaq:PGLC) for $50.78 million in an all-stock deal."This transaction aligns with our stated initiative of building a profitable and low-cost precio...Read More

Unloved gold sector regains shine with mergers, price spike

October 11, 2018 / www.mining.com

Merger and acquisitions in the precious metals sector are gaining momentum following Barrick's recently announced $6.1 billion-deal to acquire Randgold Resources.Shortly after, Canada's Americas Silver (TSX:USA) announced it was buying Pershing Gold (Nasdaq:PGLC) for $50.78 million in an all-stock deal."This transaction aligns with our stated initiative of building a profitable and low-cost precio...Read More

Lithium producer Livent falls 3.6 pct in market debut

October 11, 2018 / www.mining.com

Oct 11 (Reuters) - Lithium producer Livent Corp fell 3.6 percent in its market debut on Thursday after being priced at the lower end of its expected range, as investors worried about the recent declines in prices of lithium in China, the world's largest consumer of the ultralight metal.Livent's debut comes a day after the major U.S. indices fell about 3 percent each, unnerving investors and pushi...Read More

Bull Notes Flood Netflix Stock After Sell-Off

October 11, 2018 / www.schaeffersresearch.com

The FAANG stock had its worst day since mid-2016 on WednesdayThe shares of Netflix, Inc. (NASDAQ:NFLX) plunged 8.4% during Wednesday's tech rout, marking their biggest one-day drop since July 19, 2016. Nevertheless, analysts are staying upbeat toward the FAANG stock, with several issuing bullish notes overnight.For starters, Piper Jaffray reiterated its "overweight" rating and $420 price target fo...Read More

Gold gets ignored as global equity rout fails to fire up havens

October 11, 2018 / www.mining.com

(Bloomberg) - Equities are plummeting, President Donald Trump says the Federal Reserve's gone 'loco' and the trade war's heating up, yet traditional havens in times of trouble such as gold are not getting any love.The biggest selloff in equities since February rolled through Asia and into Europe on Thursday, triggering steep losses in benchmark share indexes, but gold has barely stirred, while ot...Read More

Stitch Fix Stock Spurned By Piper Jaffray Analyst

October 11, 2018 / www.schaeffersresearch.com

The stock has seen a significant sell-off since its mid-September record peakShares of Stitch Fix Inc (NASDAQ:SFIX) are 3% lower at $22.81 in early trading, after being hit with a price-target cut to $21 from $23 at Piper Jaffray. Analyst Erinn Murphy cited an internal survey that found a low usage frequency on the Stitch Fix platform. In response, the stock is down 3.3% at $22.92. Following its...Read More

Australia's Fortescue announces $353m share buyback program

October 11, 2018 / www.mining.com

Oct 11 (Reuters) - Australia's Fortescue Metals Group on Thursday announced a share buyback program of up to A$500 million ($353.0 million), joining bigger rival Rio Tinto as the trend of handing back cash to shareholders sweeps the mining industry.The program will begin after the iron ore miner releases its quarterly report on Oct. 25 and will remain in place for a period of up to 12 months.The b...Read More

Australian tungsten producer Wolf Minerals says its British unit has stopped trading

October 11, 2018 / www.mining.com

MELBOURNE/LONDON, Oct 11 (Reuters) - Australia-listed tungsten producer Wolf Minerals said on Thursday that it could not meet its short-term working capital needs after failing to reach a deal with its financial backers, and as a result its British unit would cease to trade.The ASX-listed miner has appointed Australia-based Ferrier Hodgson as a voluntary administrator, it said in a filing on Thurs...Read More

Weed Stock Takes A Hit After Downgrade

October 11, 2018 / www.schaeffersresearch.com

Shorts have piled on the cannabis stockTilray Inc (NASDAQ:TLRY) is 2.2% lower in electronic trading, after Eight Capital downgraded the cannabis stock to "neutral" from "buy," expressing concern over the company's valuation. While the brokerage firm did boost its price target to $70 from $32, this still stands at a sharp discount to last night's close at $136.80.The cannabis stock craze has tak...Read More

Stock Futures Pare Losses After Surprising Inflation Data

October 11, 2018 / www.schaeffersresearch.com

The CPI for September was softer than expectedThere'sbeen notable movement in U.S. stock futures this morning, with a surprising consumer price index (CPI) pulling futures off theirlows. The closely watched inflation gauge came in weaker than expected for September, momentarily calming investor nerves about rising interest rates. While the Dow Jones Industrial Average (DJIA) is still set to open l...Read More

Evicted Kenyans demand compensation after mining firm exits

October 11, 2018 / www.mining.com

KERIO VALLEY, Kenya, Oct 11 (Thomson Reuters Foundation) - Nathaniel Tumo was astounded when an excavator arrived at his farm in western Kenya four years ago and started digging for minerals, almost bringing down his house."They started blasting a few metres away and the stones fell on my house," said Tumo, 62, his breath laboured from living alongside the open pit, with its dust, noise and fallin...Read More

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