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
Brooking diamond updateLucapa Diamond Company Limited (ASX: LOM) ("Lucapa" or "the Company") and its partner, Leopold Diamond Company Pty Ltd, are pleased to provide the following update on the macro and micro diamonds recovered from the Little Spring Creek prospect at the Brooking diamond project in Western Australia's West Kimberley region (Refer ASX announcement 11 January 2018).Subsequent revi...Read More
Chemicals specialist Huntsman Corporation (NYSE:HUN) has been trending steadily higher on the charts for nearly two years now, with the stock quadrupling in value from its February 2016 lows south of $8. However, based on a reliable buy signal that just flashed, it's not too late for traders to profit from HUN's positive price action.Specifically, after peaking at an all-time best of $36.09 in lat...Read More
Fresh offthe Super Bowl, economic data is quiet in the first full week of February. Earnings season chugs on, with high-profile names like Twitter Inc (NYSE:TWTR), Snap Inc (SNAP), Tesla Inc (NASDAQ:TSLA), and Nvidia Corporation (NASDAQ:NVDA) ready for their turn in the spotlight. Dow stock Walt Disney Company (NYSE:DIS) is set to report, too. Meanwhile, JOLTS and trade data stand out on the econ...Read More
In January 2018, ALROSA recovered two gem-quality stones weighing 97.92 carats and 85.62 carats, from Yubileynaya pipe at Aikhal Mining and Processing Division.A 97.92 carat rough diamond is a transparent octahedron yellow-hue crystal with small sulfide and olivine inclusions near the surface. The measures are 26 ?... 17 ?... 21 mm.The second rough diamond, a 85.62-carat stone, is also a transpare...Read More
Take-Two Interactive Software Inc (NASDAQ:TTWO) is up 0.7% to trade at $127.37 this morning, after Morgan Stanley initiated coverage on the video game stock with a "overweight" rating and a price target of $150. The analyst in coverage noted that Take-Two's Grand Theft Auto franchise generates enviable engagement and monetization. In addition to the bullish analyst attention today, the video game...Read More
Facebook Inc (NASDAQ:FB) and Microsoft Corporation (NASDAQ:MSFT) are both in focus today, as traders eye the latest quarterly earnings results from the two tech heavyweights. While FB is firmly higher despite a massive drop in time spent on the app, Dow component MSFT is churning around breakeven in the wake of its earnings beat.FB stock is up 3.7% to trade at $193.88,a new all-time high. In after...Read More
Chipmaker Nvidia Corporation (NASDAQ:NVDA) is making headlines after being removed from Goldman Sachs' conviction list, exactly one week before the company is slated to report its fourth-quarter earnings. However, the brokerage firm still has a "buy" rating on the equity and expects the company to announce strong guidance when it reports. Nvidia shares have overcome early losses to trade right nea...Read More
Following its poorly received earnings release last week, Starbucks Corporation (NASDAQ:SBUX) is seeing bearish analyst attention this morning, while Chipotle Mexican Grill, Inc. (NYSE:CMG) was hit with a downgrade of its own ahead of earnings next Tuesday. We'll quickly check in on shares of SBUX and CMG below to see how the stocks are trading following this round of downbeat attention.More Post-...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, said Thursday it had bought $2 million worth of options that protect it against lower gold prices in a fresh effort to offset the impact of a government ban on concentrate exports.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), acquired 20,000 ounce of gold put options at a price of $1,320 an ounce. The contracts will expire...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, said Thursday it had bought $2 million worth of options that protect it against lower gold prices in a fresh effort to offset the impact of a government ban on concentrate exports.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), acquired 20,000 ounce of gold put options at a price of $1,320 an ounce. The contracts will expire...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, said Thursday it had bought $2 million worth of options that protect it against lower gold prices in a fresh effort to offset the impact of a government ban on concentrate exports.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), acquired 20,000 ounce of gold put options at a price of $1,320 an ounce. The contracts will expire...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, said Thursday it had bought $2 million worth of options that protect it against lower gold prices in a fresh effort to offset the impact of a government ban on concentrate exports.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), acquired 20,000 ounce of gold put options at a price of $1,320 an ounce. The contracts will expire...Read More
Cecilia Jamasmie, MINING.com editor will be a moderator.CRU's 17th World Copper Conference is the world premier copper conference and attracts over 500 delegates. Together with CESCO Week the event constitutes one of the most important gatherings in the mining industry. This CEO-level meeting boasts an impressive delegation of industry decision-makers and is the best opportunity to hear from coppe...Read More
Stock futures are pointed lower to kick off the new month, as traders continue to digest the Fed statement that sent bond yields surging Wednesday afternoon. Dow Jones Industrial Average (DJI) futures are down nearly 120 points, while Nasdaq-100 Index (NDX) futures are also trading well below fair value amid mixed earnings reactions from the likes of Microsoft (MSFT) and Facebook (FB). Expect th...Read More
Drug stock Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) was one of the best S&P 500 Index (SPX) performers of 2017, and that momentum is carrying over into the new year. VRTX shares are currently trading 5.8% higher in pre-market action, putting them on pace to open at a record high of $176.50, after the company's earnings release and drug announcements were met with a round of bullish analys...Read More
Over 1,000 miners at Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) Beatrix gold mine in South Africa were trapped underground as a result of a storm that knocked out power on Wednesday night.Storm knocked out power on Wednesday night, preventing evening shift workers from exiting the mine.Spokesman James Wellsted told Eye Witness News that sixty-four workers had been rescued overnight, but over 900 oth...Read More
Over 1,000 miners at Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) Beatrix gold mine in South Africa were trapped underground as a result of a storm that knocked out power on Wednesday night.Storm knocked out power on Wednesday night, preventing evening shift workers from exiting the mine.Spokesman James Wellsted told Eye Witness News that sixty-four workers had been rescued overnight, but over 900 oth...Read More
When Advanced Micro Devices Inc. reports earnings, investors will look at the results for clues about how cryptocurrency mining is figuring into sales and the forecast for indications about the effects of chip-design flaws.Read full newsRead More
U.S. President Donald Trump's decision to withdraw federal protections from millions of acres of Utah wilderness will reopen much of the iconic terrain to gold, silver, copper, and uranium land claims under a Wild West-era mining law, according to federal officials.Read full newsRead More
The EPA is considering using robots and other sophisticated technology to help prevent mineRead full newsRead More