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
BOGOTA, Jan 29 (Reuters) - The largest union at Colombia's top thermal coal mine Cerrejon has voted to strike following failed salary and benefit negotiations with the company, the union said on Monday.Cerrejon accounts for 37 percent of Colombia's coal output, the world's fifth-largest exporter of the mineral, and a strike is likely to affect exports. The stoppage could begin within three days, t...Read More
BOGOTA, Jan 29 (Reuters) - The largest union at Colombia's top thermal coal mine Cerrejon has voted to strike following failed salary and benefit negotiations with the company, the union said on Monday.Cerrejon accounts for 37 percent of Colombia's coal output, the world's fifth-largest exporter of the mineral, and a strike is likely to affect exports. The stoppage could begin within three days, t...Read More
Visa Inc (NYSE:V) and MasterCard Inc (NYSE:MA) are both scheduled to report earnings on Thursday, the former after the market closes, the latter before the open. The stocks have benefited greatly from the broad-market rally, sporting year-over-year gains of 50% and 55%, respectively, while both are trading in record-high territory. As such, Wall Street is extremely bullish on V and MA ahead of ea...Read More
The U.S. stock market is pacing for a down day, but not all of the action among individual equities is negative. In fact, FAANG stocks Alphabet Inc (NASDAQ:GOOGL) and Amazon.com, Inc. (NASDAQ:AMZN) hit record highs out of the gate, after analysts waxed optimistic ahead of the key quarterly earnings reports. Here's a closer look at the brokerage notes shares of GOOGL and AMZN are reacting to.Alphab...Read More
NEW YORK (Project Syndicate) - The financial-services industry has been undergoing a revolution. But the driving force is not overhyped blockchain applications such as bitcoin. It is a revolution built on artificial intelligence, big data, and the internet of things. Already, thousands of real businesses are using these technologies to disrupt every aspect of financial intermediation. Dozens of on...Read More
Chinese e-commerce concern Alibaba Group Holding Ltd. (NYSE:BABA) is seeing an increase of analyst attention this week, just ahead of the company's fiscal third-quarter earnings, scheduled for before Thursday's market open. Also, it was just announced that Alibaba Cloud will be used to monitor and analyze traffic patterns in Malaysia's capital, Kuala Lumpur. Plus, investors are digesting headlines...Read More
Lockheed Martin Corporation (NYSE:LMT) stock is buzzing this morning, after the defense company reported an impressive fourth-quarter revenue beat. The upbeat figures were fueled by higher sales from Lockheed's F-35 fighter jet program. Further, the firm forecast rising profits in 2018. In response, LMT stock is up 2.1% to trade at $352.03, and just off a new record high of $352.57.Lockheed Martin...Read More
Stock futures are trading below fair value ahead of a busy week on Wall Street, with Apple earnings, President Donald Trump's first State of the Union address, and the last Fed meeting for Chair Janet Yellen on tap. Today, though, traders are digesting a tepid rise in consumer spending last month, along with a 12-year low in the saving rate. Separately, the core personal consumption expenditures (...Read More
"One of the world's largest money managers says you should fear the lack of fear in markets. ...Pacific Investment Management Co. says now is the time for caution." (Jan. 17)"Recent 'Odd' Market Moves May Be a Warning Sign for Stocks" (Jan. 21)"Slowing Cash Flow Could Mean a 'Nasty Surprise' for U.S. Stocks" (Jan. 23)"U.S. stocks are set for a correction of 5% or more this year after the longest s...Read More
Diamonds always have - and undoubtedly always will - captivate our attention. Since the beginning of time, people have been drawn to beautiful, exquisite gems, and diamonds - regardless of the type - are no exception.Their mystique. Their rarity. Their consistent, surprising differences. The pure uniqueness that each stone carries within itself. It's no small wonder that people of all types flock...Read More
Diamonds always have - and undoubtedly always will - captivate our attention. Since the beginning of time, people have been drawn to beautiful, exquisite gems, and diamonds - regardless of the type - are no exception.Their mystique. Their rarity. Their consistent, surprising differences. The pure uniqueness that each stone carries within itself. It's no small wonder that people of all types flock...Read More
Shares in Petra Diamonds (LON:PDL) fell as much as 21% on Monday after the miner cut its forecast for 2018 earnings and said it will produce fewer precious stones as it focuses on recovering larger, more expensive rocks.The South African diamond producer, owner of the iconic Cullinan mine, which produced the diamonds for the British crown jewels, said it expected its 2018 fiscal year earnings to b...Read More
Shares in Petra Diamonds (LON:PDL) fell as much as 21% on Monday after the miner cut its forecast for 2018 earnings and said it will produce fewer precious stones as it focuses on recovering larger, more expensive rocks.The South African diamond producer, owner of the iconic Cullinan mine, which produced the diamonds for the British crown jewels, said it expected its 2018 fiscal year earnings to b...Read More
Shares in Petra Diamonds (LON:PDL) fell as much as 21% on Monday after the miner cut its forecast for 2018 earnings and said it will produce fewer precious stones as it focuses on recovering larger, more expensive rocks.The South African diamond producer, owner of the iconic Cullinan mine, which produced the diamonds for the British crown jewels, said it expected its 2018 fiscal year earnings to b...Read More
Suncor Energy (TSX:SU), Canada's second-largest energy producer, announced Monday its majority-owned Fort Hills oil sands project in Alberta had achieved first oil over the weekend.Production at Fort Hills - located 90 km north of Fort McMurray - will ramp up over the next months to reach 90% of capacity by the end of the year, said the Calgary-based company, which is also the project operator...Read More
Bob Moriarty of 321 Gold sees a lot of potential in this company's Nova Scotia and Newfoundland projects.Read full newsRead 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
“This must be the most Instagrammed greenhouse in the world”, Clark Moorten, the 74-year-old owner of Moorten Botanical Garden says, leading me to a rather ramshackle structure that possesses another sign:Read full newsRead More
Scott Pruitt's decision maintains the Obama-era stance that the operation could harm world's largest sockeye salmon fishery.Read full newsRead More
VANCOUVER - Quarterly gold production at SSR Mining Inc.'s Nevada mine rose in the fourth quarter of 2017, the company reported in results released mid-January. Overall, SSR met or exceededRead full newsRead More