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
The shares are now trading north of their October 2016 IPO priceShares of ZTO Express (Cayman) Inc (NYSE:ZTO) have jumped 8.3% to trade at $0.90, fresh off a record high of $21.70. Boosting shares of the Shanghai-based express delivery company is news of a $1.38 billion joint investment from Alibaba Group Holding (BABA) and a group of traders, which includes BABA's logistics data platform Cainiao...Read More
May 29 (Reuters) - Australian lithium miner Galaxy Resources Ltd agreed on Tuesday to sell a package of mining tenements in Argentina to South Korean steelmaker POSCO for $280 million.The land is located in the northern area of the giant Salar del Hombre Muerto salt flat. Galaxy will retain ownership of all tenements in the southern basin.The company intends to use the proceeds from the deal to fu...Read More
LUV has shed nearly 20% year-to-dateSouthwest Airlines Co (NYSE:LUV) is trading lower after receiving a price-target cut from Citigroup to $64 from $67. The bear note comes less than a week after more harrowing details were released on the airliner's April 17 emergency landing of a Boeing 737 in Philadelphia. In response, LUV is down 1.1% at $52.27. This puts the stock back below the 30-day movin...Read More
Morgan Stanley became the latest firm to raise its outlook on DGX sharesQuest Diagnostics Inc (NYSE:DGX) just received another analyst upgrade, as Wall Street continues to cheer the company's recent partnership with UnitedHealth. Just this morning, Morgan Stanley lifted its opinion on DGX stock to "overweight" from "equal weight" and boosted its price target to $120 from $103, expecting more stabl...Read More
A nuclear summit with North Korea and the U.S. is still in playDow Jones Industrial Average (DJI) futures are trading well below fair value this morning, as political unrest in Italy and Spain spook global markets. Another Italian election appears likely, after President Sergio Mattarella rejected a coalition government nominated by the country's anti-establishment parties, and appointed former In...Read More
How stocks perform when the IWM one-ups its larger-cap counterpartsSmall-cap strength has been a major storyline lately -- and a much-needed morale boost for bulls in an otherwise choppy, range-bound market. While the S&P 500 Index (SPX) and its exchange-traded fund (ETF) counterpart, the SPDR S&P 500 ETF Trust (SPY), have been fighting headwinds since their January all-time highs, the Russell 200...Read More
Two illegal miners from Madondo Village, under Chief Serima in Gutu, were recently found dead in a goldmine where they were prospecting for the precious mineral.Read full newsRead More
Large speculators on VIX futures have moved back to a net short position"Circle June 12 and June 13 on your calendar, with June 12 marking the date that President Donald Trump will meet with North Korean leader Kim Jong Un. But as much press as this meeting will receive, the meeting that could have heavier market implications is the Federal Open Market Committee (FOMC) gathering on June 13."-- Mon...Read More
Two illegal miners from Madondo Village, under Chief Serima in Gutu, were recently found dead in a goldmine where they were prospecting for the precious mineral.Read full newsRead More
There are several "conventional" methods of trading earnings that most option traders are taught... Sponsored by TheoTradeFour times a year, publicly-listed companies are required to step up to the earnings confessional to announce revenue and earnings per share results for the prior quarter and future projections for growth going forward. These are conducted through prepared press releases and co...Read More
There are several "conventional" methods of trading earnings that most option traders are taught... Sponsored by TheoTradeFour times a year, publicly-listed companies are required to step up to the earnings confessional to announce revenue and earnings per share results for the prior quarter and future projections for growth going forward. These are conducted through prepared press releases and co...Read More
From Amazon, CVS, and AirBnB, early investment is the key to earning big.Any investor who wants to rake in big profits only really needs to know one thing:The biggest fortunes in the world right now are being made in technology.Take the following example:Amazon is now the world's third largest retailer, just behind Wal-Mart and CVS...Airbnb now offers more rooms than Hilton, InterContinental and M...Read More
Australia's Avanco Resources (ASX: AVB) said Tuesday it had suspended plant operations and most mining activities at its Antas copper-gold asset in Brazil, as a result of a crippling nine-day strike that has led to major shortages and disruptions in Latin America's largest nation.The company had warned last week that operations at the open pit mine would be affected by the strike, as fuel and cons...Read More
Alio Gold Inc and Rye Patch Gold Corp announced that Alio Gold has completed the previously announced acquisition of all of the issued and outstanding shares of Rye Patch by way of a plan of arrangement.Read full newsRead More
TORONTO, May28, 2018(GLOBE NEWSWIRE) -- Victoria Gold Corp. (the Company or Victoria) (TSX-V:VIT-V) is pleased to present a suite of pictures from the Companys Dublin Gulch property. The Dublin Gulch property...Read full newsRead More
Families face pressure to decide the fate of their relatives' grave, dividing the community of Azacualpa where as many as 350 bodies have already been exhumedRead full newsRead More
A gold exploration proposal near Yellowstone National Park faced a significant setback as a judge blamed Montana officials for understating the potential for mining to harm land, water and wildlife. The ruling released Friday means the Montana Department of Environmental Quality would have...Read full newsRead More
Newmont Mining (NYSE:NEM) has agreed to sell its full royalty portfolio to Canada's Maverix Metals (TSX-V: MMX), a precious metals royalty and streaming junior, in a transaction that gives the US miner $17 million cash and a 28%-stake in the Vancouver-based company.The Greenwood Village, Colorado-based miner, the only gold company that forms part of the S&P500 index, has a portfolio of 54 preci...Read More
Newmont Mining (NYSE:NEM) has agreed to sell its full royalty portfolio to Canada's Maverix Metals (TSX-V: MMX), a precious metals royalty and streaming junior, in a transaction that gives the US miner $17 million cash and a 28%-stake in the Vancouver-based company.The Greenwood Village, Colorado-based miner, the only gold company that forms part of the S&P500 index, has a portfolio of 54 preci...Read More
Newmont Mining (NYSE:NEM) has agreed to sell its full royalty portfolio to Canada's Maverix Metals (TSX-V: MMX), a precious metals royalty and streaming junior, in a transaction that gives the US miner $17 million cash and a 28%-stake in the Vancouver-based company.The Greenwood Village, Colorado-based miner, the only gold company that forms part of the S&P500 index, has a portfolio of 54 preci...Read More