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
AMD has seen a lot of attention from Wall Street latelyChip manufacturer Advanced Micro Devices, Inc. (NASDAQ:AMD) is trading higher this morning, after the stock received an upgrade from Susquehanna to "neutral" from "negative," and a price-target hike to $11 from $8. This lift came just after a Securities and Exchange Commission (SEC) filing revealed Soros Fund Management upped its stake in AMD...Read More
Short-term options are attractive on the drugmakerThe shares of Teva Pharmaceutical Industries Ltd (NYSE:TEVA) are up 4.9% to trade at $21.28 -- eyeing their highest close in more than three months -- after the latest regulatory filings revealed that Warren Buffett's Berkshire Hathaway (BRKA) more than doubled its stake in the drug stock last quarter. TEVA shares have already added about 10% this...Read More
Macy's stock could be ripe for a short squeezeMacy's Inc (NASDAQ:M) stock is up 6.7% to trade at $31.95 this morning, and earlier hit a fresh annual high of $32.74. The retail giant reported first-quarter adjusted earnings of 48 cents per share on revenue of $5.5 billion, numbers thatsurpassed analyst forecasts. More notably, same-store sales increased by 4.2%, crushing the 1.4% rise Wall Street...Read More
Tiger Global Management bought more FB and NFLX, while selling GOOGL sharesA number of high-profile investors adjusted their positions on FANG stocks during the first quarter. Below, we'll break down how hedge funds changed their stakes in Facebook Inc (NASDAQ:FB), Amazon.com, Inc. (NASDAQ:AMZN), Alphabet Inc (NASDAQ:GOOGL), and Netflix, Inc. (NASDAQ:NFLX) during the first quarter, as well as how...Read More
The 10-year Treasury yield has settled around 3% Dow Jones Industrial Average (DJI) futures are marginally lower this morning, struggling for direction after the blue-chip index's eight-day winning streak was snapped last night. Geopolitical anxiety is once again weighing on investors, as North Korea threatens to cancel the June 12 meeting between Kim Jong Un and President Donald Trump if the U....Read More
Billionaire hedge-fund managers John Paulson and Ray Dalio kept their faith in gold even as rising interest rates trim the metal's gains.As of March 31, New York-based Paulson & Co. had 4.32 million shares in SPDR Gold Shares, the biggest exchange-traded product backed by bullion, according to a regulatory filing. That compares with 4.36 million shares at the end of December. Billionaire Ray...Read More
South Africa's Tharisa strengthened its claim as an early mover in a hoped-for Zimbabwean mining renaissance on Wednesday by buying a slice of the chrome-rich Great Dyke region.Zimbabwe has attracted intense interest from miners with a promise of favourable terms as it seeks to reboot its economy after veteran leader Robert Mugabe was ousted last year.Tharisa, which mines platinum group metals and...Read More
South Africa's Tharisa strengthened its claim as an early mover in a hoped-for Zimbabwean mining renaissance on Wednesday by buying a slice of the chrome-rich Great Dyke region.Zimbabwe has attracted intense interest from miners with a promise of favourable terms as it seeks to reboot its economy after veteran leader Robert Mugabe was ousted last year.Tharisa, which mines platinum group metals and...Read More
Gold streaming companies are a great way to invest in the precious metal. Here are some of the key benefits you need to know about and the top stocks to consider.Read full newsRead More
Are you ready for a potential economic reset?No matter what the news says, when this bubble pops, we're going to witness the worst market crash in history. But if you know this massive reset is coming, and prepare accordingly, it could be the greatest wealth opportunity of your life.You could have the once-in-a-lifetime opportunity to build wealth that lasts not just years... but generations!Once...Read More
Gold streaming companies are a great way to invest in the precious metal. Here are some of the key benefits you need to know about and the top stocks to consider.Read full newsRead More
Canada's Yamana Gold Inc. (TSX: YRI) (NYSE: AUY) said it poured Tuesday first gold and silver dor?(C) at its Cerro Moro mine, located in Argentina's Santa Cruz province.The Toronto-based miner, which began construction at Cerro Moro in 2015 and expects to finish building it this year, said ramp-up remained on track, with commercial production expected in the second quarter of the year.Once at ful...Read More
Canada's Yamana Gold Inc. (TSX: YRI) (NYSE: AUY) said it poured Tuesday first gold and silver dor?(C) at its Cerro Moro mine, located in Argentina's Santa Cruz province.The Toronto-based miner, which began construction at Cerro Moro in 2015 and expects to finish building it this year, said ramp-up remained on track, with commercial production expected in the second quarter of the year.Once at ful...Read More
Canada's Yamana Gold Inc. (TSX: YRI) (NYSE: AUY) said it poured Tuesday first gold and silver dor?(C) at its Cerro Moro mine, located in Argentina's Santa Cruz province.The Toronto-based miner, which began construction at Cerro Moro in 2015 and expects to finish building it this year, said ramp-up remained on track, with commercial production expected in the second quarter of the year.Once at ful...Read More
How the S&P fares after a volatile start to the yearAt this time last year, there had been only three days in which the S&P 500 Index (SPX) moved by at least 1%. That's absurdly low. This year is quite a bit different, as the number of 1% days has spiked to 32. That's only one more day than we saw in all of 2016, but it's the highest number since 2009. This week, I'm looking at how this year compa...Read More
Vancouver, BC - Peekaboo Beans Inc (TSX-V:BEAN) (the "Company" or "Peekaboo Beans"), is excited to announce a new promotion in the form of a Hostess Bonus for the month of May featuring a popular product from Vancouver-based apparel company, Smash + Tess.Stylists who host a qualifying Pop-Up with CAD$500 in sales and 3 unique orders are eligible to receive a Smash + Tess Sunday Romper for onl...Read More
The Canadian government is prepared to financially shield Kinder Morgan Canada Ltd's proposed Trans Mountain pipeline expansion against unnecessary delays that are politically motivated, Finance Minister Bill Morneau said on Wednesday.Morneau also told a news conference that if Kinder Morgan decided to walk away from the project, which the provincial government of British Columbia opposes, the ind...Read More
The price of gold plunged below the $1,300 per ounce level May 15, taking mining companies' stock down with it.Read full newsRead More
CANON CITY -- A gold mining company conducting exploratory drilling on Dawson Peak has raised concern about future mining plans among residents in the nearby Dawson Ranch neighborhood.Read full newsRead More
FAIRBANKS - There are two kinds of gold found in Alaska, and both created stampedes to Interior Alaska and the Fairbanks area in particular.Read full newsRead More