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
Golden/Denver Colorado May 9, 2018 - The mining industry faces enormous challenges. Scarceness of resources, slowing economic growth in territories with the highest demand for metals and minerals, and the need for data collecting are just a few of many issues faced. Adding to this, the industry is under continuous pressure to step up in the CSR game and minimize its footprint."To turn all these c...Read More
London, 10 May 2018 - Randgold Resources said today its 2018 production guidance remained intact despite a softer first quarter in which it contended with multiple challenges.Following the full commissioning of its underground mine, Kibali in the Democratic Republic of Congoincreased quarterly production by 22% compared to the corresponding quarter of the prior year and is on track to achiev...Read More
London, 10 May 2018 - Randgold Resources said today its 2018 production guidance remained intact despite a softer first quarter in which it contended with multiple challenges.Following the full commissioning of its underground mine, Kibali in the Democratic Republic of Congoincreased quarterly production by 22% compared to the corresponding quarter of the prior year and is on track to achiev...Read More
Analysts remain bullish on the biotech stockExelixis, Inc. (NASDAQ:EXEL) stock is down 11.8% to trade at $19.13 this morning, after the biotech company's colorectal cancer drug that was tested in combination with Roche's Tecentriq failedlate-stage study goals. Exelixis said it will continue to work with Roche in evaluating the treatment on other tumor types. In response to the failed study, RBC a...Read More
The streaming name reported a narrower-than-expected Q1 lossShares of Roku Inc (NASDAQ:ROKU) have jumped 5% to trade at $37.88, after the streaming player provider reported a first-quarter adjusted loss of 7 cents per share -- slimmer than the 15 cents per-share loss analysts were expecting. The company also brought in a better-than-expected $136.6 million in revenue, said software revenue outpace...Read More
Cabot stock has been under pressure from the 50-day moving averageCabot Oil & Gas Corporation (NYSE:COG) is trading lower this morning, after receiving a downgrade to "underperform" from "buy" and a price-target cut to $27 from $33 at BofA-Merrill Lynch. This bear note comes just days after crude pushed to fresh highs above the $70-per-barrel mark, mostly due to President Donald Trump's decision t...Read More
(Bloomberg) - Randgold Resources Ltd. is confident that talks with the Democratic Republic of Congo will lead to a compromise on the country's new mining rules which risk hurting producers' profits.Miners including Glencore Plc and Randgold have asked the government to dial back aspects of the legislation approved by President Joseph Kabila in March. They argue the new code will drive investors a...Read More
(Bloomberg) - Randgold Resources Ltd. is confident that talks with the Democratic Republic of Congo will lead to a compromise on the country's new mining rules which risk hurting producers' profits.Miners including Glencore Plc and Randgold have asked the government to dial back aspects of the legislation approved by President Joseph Kabila in March. They argue the new code will drive investors a...Read More
(Bloomberg) - Randgold Resources Ltd. is confident that talks with the Democratic Republic of Congo will lead to a compromise on the country's new mining rules which risk hurting producers' profits.Miners including Glencore Plc and Randgold have asked the government to dial back aspects of the legislation approved by President Joseph Kabila in March. They argue the new code will drive investors a...Read More
Crude futures are trading higher again this morningDow Jones Industrial Average (DJI) futures are modestly higher this morning, as oil prices continue to rise on lingering geopolitical tensions and news that Israel launched a military strike against Syria overnight. June-dated crude futures up 0.5% at $71.48 per barrel, at last check, to flirt in four-year-high territory. Traders are also digesti...Read More
The company also raised its full-year outlookHeadset maker Turtle Beach Corporation (NASDAQ:HEAR) is about to open with a monster 63% gain that would have the stock trading in territory not seen in over two years. The company reported first-quarter results that blew away expectations, with new game releases like Fortnite driving a huge increase in headset sales. In fact, revenue surged 185% compa...Read More
Dual-listed Dalradian Resources (TSX:DNA) (LON:DALR) published Thursday a resource update for its Curraghinalt gold project in Northern Ireland showing a 46% increase in gold ounces and a 32% increase in inferred gold ounces when compared to the previous feasibility study from 2016.Inferred resources rose by 32% to 3.0 million ounces of gold in 7.7 million tonnes of ore with a grade of 12.2 grams...Read More
Dual-listed Dalradian Resources (TSX:DNA) (LON:DALR) published Thursday a resource update for its Curraghinalt gold project in Northern Ireland showing a 46% increase in gold ounces and a 32% increase in inferred gold ounces when compared to the previous feasibility study from 2016.Inferred resources rose by 32% to 3.0 million ounces of gold in 7.7 million tonnes of ore with a grade of 12.2 grams...Read More
Dual-listed Dalradian Resources (TSX:DNA) (LON:DALR) published Thursday a resource update for its Curraghinalt gold project in Northern Ireland showing a 46% increase in gold ounces and a 32% increase in inferred gold ounces when compared to the previous feasibility study from 2016.Inferred resources rose by 32% to 3.0 million ounces of gold in 7.7 million tonnes of ore with a grade of 12.2 grams...Read More
JOHANNESBURG, May 10 (Reuters) - South Africa's mining and manufacturing industries contracted in March as policy uncertainty and lukewarm demand weighed on output, threatening to reverse a fragile economic rebound.Mining production in March suffered its sharpest fall in two years and industrial output dropped, Statistics South Africa data showed on Thursday, prompting concerns that gross domestic...Read More
Protesters in Ethiopia's restive Oromia region demanded the government withdraw a gold-mining permit from a company owned by Saudi billionaire Mohammed al-Amoudi because of alleged pollution.Read full newsRead More
Is China catching up?Read full newsRead More
Protesters in Ethiopia's restive Oromia region demanded the government withdraw a gold-mining permit from a company owned by Saudi billionaire Mohammed al-Amoudi because of alleged pollution.Read full newsRead More
Shares in Erdene Resource (TSX:ERD), one of the very few companies that has successfully navigated Mongolia's ever-changing policies on foreign mining investment, were off to the races on Thursday after the miner bumped up mineral resource estimates for its Altan Nar gold-polymetallic project in Mongolia.The Canadian miner said indicated and inferred gold equivalent resources had increased by who...Read More
Shares in Erdene Resource (TSX:ERD), one of the very few companies that has successfully navigated Mongolia's ever-changing policies on foreign mining investment, were off to the races on Thursday after the miner bumped up mineral resource estimates for its Altan Nar gold-polymetallic project in Mongolia.The Canadian miner said indicated and inferred gold equivalent resources had increased by who...Read More