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

LONDON, June 6 (Reuters) - Canada's Bank of Nova Scotia (Scotiabank) is limiting lending by its ScotiaMocatta metals unit as it embarks on a radical restructuring likely to halve the size of the business, sources familiar with the matter said.Mocatta is the largest financier of the global precious metals supply chain, accounting for some 15-20 percent of lending to clients ranging from refiners an...Read More

LONDON, June 6 (Reuters) - Canada's Bank of Nova Scotia (Scotiabank) is limiting lending by its ScotiaMocatta metals unit as it embarks on a radical restructuring likely to halve the size of the business, sources familiar with the matter said.Mocatta is the largest financier of the global precious metals supply chain, accounting for some 15-20 percent of lending to clients ranging from refiners an...Read More

Jefferies downgraded one of the stocks to 'hold' from 'buy'Telecom concerns and business rivals AT&T Inc. (NYSE:T) and Verizon Communications Inc. (NYSE:VZ) received bear notes from Jefferies this morning. Below, we will take a look at how each stock has been faring on the charts, and what this latest round of negative brokerage notes could mean for T and VZ shares. Entertainment Sector Woes Pr...Read More

GABORONE, June 7 (Reuters) - Private equity firm Cupric Canyon will begin construction of its Khoemacau copper project in Botswana in October, with first sales of the metal expected in 2021, a company executive said on Thursday.Sparsely-populated Botswana is the world's top diamond producer by value, but the government of the southern African country is trying to diversify the economy to reduce it...Read More

GABORONE, June 7 (Reuters) - Private equity firm Cupric Canyon will begin construction of its Khoemacau copper project in Botswana in October, with first sales of the metal expected in 2021, a company executive said on Thursday.Sparsely-populated Botswana is the world's top diamond producer by value, but the government of the southern African country is trying to diversify the economy to reduce it...Read More

RBC more than halved its PTI price targetProteostasis Therapeutics Inc (NASDAQ:PTI) has fallen to the bottom of the Nasdaq this morning, down 35% to trade at $3.19, after early stage data for the company's cystic fibrosis treatment disappointed analysts -- specifically, its inability to improve lung function. In response, RBC downgraded PTI stock to "sector perform" from "outperform," while more t...Read More

Brazil's President Michel Temer is set to issue a decree next week introducing key changes to current mining regulations, aimed at making the country's industry more competitive and sustainable.The executive order will technically be a reinterpretation of 50-year-old regulations, rather than a new law, Adriano Trindade, attorney specializing in mining rules from Pinheiro Neto Advogados told MININ...Read More

Brazil's President Michel Temer is set to issue a decree next week introducing key changes to current mining regulations, aimed at making the country's industry more competitive and sustainable.The executive order will technically be a reinterpretation of 50-year-old regulations, rather than a new law, Adriano Trindade, attorney specializing in mining rules from Pinheiro Neto Advogados told MININ...Read More

Brazil's President Michel Temer is set to issue a decree next week introducing key changes to current mining regulations, aimed at making the country's industry more competitive and sustainable.The executive order will technically be a reinterpretation of 50-year-old regulations, rather than a new law, Adriano Trindade, attorney specializing in mining rules from Pinheiro Neto Advogados told MININ...Read More

Brazil's President Michel Temer is set to issue a decree next week introducing key changes to current mining regulations, aimed at making the country's industry more competitive and sustainable.The executive order will technically be a reinterpretation of 50-year-old regulations, rather than a new law, Adriano Trindade, attorney specializing in mining rules from Pinheiro Neto Advogados told MININ...Read More

Brazil's President Michel Temer is set to issue a decree next week introducing key changes to current mining regulations, aimed at making the country's industry more competitive and sustainable.The executive order will technically be a reinterpretation of 50-year-old regulations, rather than a new law, Adriano Trindade, attorney specializing in mining rules from Pinheiro Neto Advogados told MININ...Read More

Small-cap stocks have been in focus in recent weeksSmall-cap stocks have been generating a lot of buzz recently, and just yesterday we identified three surging penny stocks. We'll keep that trend going today and look into the news surrounding healthcare names Athersys, Inc. (NASDAQ:ATHX) and Ophthotech Corp (NASDAQ:OPHT). Shares of both ATHX and OPHT are making big moves today, after the companies...Read More

June 7 (Reuters) - Australia's Fortescue Metals Group said on Thursday it has built up a 19.9 percent interest in small iron ore miner Atlas Iron Ltd, giving it a large enough stake to block a takeover of Atlas by Mineral Resources Ltd.Fortescue, the world's No. 4 iron ore miner, said it would not support Mineral Resources' A$280 million ($214 million) takeover of Atlas announced in April on the c...Read More

The shares have now lost almost half their value in 2018Shares of MiMedx Group Inc (NASDAQ:MDXG) have plunged 17.05% this morning to trade at $6.81 -- fresh off a four-year low of $5.80 -- on news the biopharmaceutical firm will restate financial statements from fiscal 2012 through 2016 and the first three quarters of 2017 in the wake of an internal audit that was sparked by a federal investigatio...Read More

JOHANNESBURG, June 7 (Reuters) - Earthquakes such as the one in which seven miners died last month in South Africa are impossible to predict and a fact of life for deep level operations there, the chief executive of the mine's owner Sibanye-Stillwater said on Thursday.Precious metals producer Sibanye has been the object of strong criticism from unions, local media and the government after the eart...Read More

JOHANNESBURG, June 7 (Reuters) - Earthquakes such as the one in which seven miners died last month in South Africa are impossible to predict and a fact of life for deep level operations there, the chief executive of the mine's owner Sibanye-Stillwater said on Thursday.Precious metals producer Sibanye has been the object of strong criticism from unions, local media and the government after the eart...Read More

Financial stocks are pushing Dow futures higher this morningFutures on the Dow Jones Industrial Average (DJI) are signaling a positive open following yesterday's big rally, driven by a continued push higher from financial stocks. Banks are rising alongside bond yields, as investors continue to price in expectations for a tighter monetary policy ahead of next week's Fed meeting. However, following...Read More

State regulators gave the Canadian company the OK to excavate wetlands and possibly relocate any endangered species at the Upper Peninsula site.Read full newsRead More

Goldman Sachs thinks it's time to sell the struggling solar stockShares of First Solar, Inc. (NASDAQ:FSLR) are down 2.9% in electronic trading, after Goldman Sachs cut its rating on the solar stock to "sell" from "neutral," and slashed its price target to $48 from $75. The brokerage firm cited an unappealing risk/reward ratio, and said the sector is facing stiff cyclical headwinds, including overs...Read More

State regulators gave the Canadian company the OK to excavate wetlands and possibly relocate any endangered species at the Upper Peninsula site.Read full newsRead More