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
Western Copper and Gold Corporation ("Western" or the "Company") (TSX:WRN, NYSE AMERICAN:WRN) announces that it plans to conduct a non-brokered private placement of up to 2,608,696 units (the "Units") at a price of $1.15 per Unit to raise gross proceeds of up to $3.0 million (the "Private Placement").Read full newsRead More
U.S. stock markets are back at record highs, after the Senate voted to pass a short-term funding bill, which will end the three-day government shutdown. Among individual stocks making big moves are cancer specialist bluebird bio Inc (NASDAQ:BLUE), casino operator Wynn Resorts, Limited (NASDAQ:WYNN), and semiconductor services provider Sanmina Corp (NASDAQ:SANM). Here's a quick look at what's movin...Read More
Options volume on Harley-Davidson Inc. (NYSE:HOG) is unusually high today, following a round of bullish analyst notes. Specifically, Wells Fargo upgraded the stock to "outperform" from "market perform" and raised its price target to $59 from $49, while RBC bumped up its price target to $54 from $51. Both brokerage firms cited tax reform as a potential tailwind for HOG shares. Against this backdrop...Read More
Astorius Resources Ltd. (TSXV:ASQ;FRA:47A.F) ("Astorius" or the "Company") is pleased to provide an update on 2017's most significant activities and accomplishments related to the Company's permanent effort to achieve the objectives of its projects across North and South America.Read full newsRead More
Gold Resource Corporation (NYSE:GORO) (the "Company") today announced preliminary 2017 year-end and fourth quarter mill production results.Read full newsRead More
Broadway Gold Mining Ltd. (TSXV:BRD, OTCQB:BDWYF) ('Broadway' or the 'Company') is pleased to provide an update on its Phase III surface drilling program at the Company's 100%-owned Madison copper-gold project in the legendary Butte-Anaconda mining region of Montana, USA.Read full newsRead More
After a brief bounce, headlines from South Korea's Yonhap news regarding new tax rules for cryptocurrency exchanges appear to have sparked the latest leg down in cryptocurrencies...Read full newsRead More
Semiconductor heavyweights Advanced Micro Devices, Inc. (NASDAQ:AMD) and Intel Corporation (NASDAQ:INTC) have been in the headlines lately, with AMD capitalizing on initial reports of Intel's recent Spectre security flaw -- then admitting its own chips were also vulnerable. Speculators have responded by rushing to trade AMD options; this week, the stock takes the No. 9 spot on our list of equitie...Read More
While biotech mergers have dominated the headlines today, reports of a possible team-up in the agriculture industry have also raised eyebrows. Specifically, Archer Daniels Midland Company (NYSE:ADM) could be testing the M&A waters, after it was reported the company proposed a takeover of rival grain trader Bunge Ltd (NYSE:BG). Below, we will break down how ADM stock has reacted to the news.At las...Read More
Monday could be remembered as a milestone in the history of consumerism...Read full newsRead More
Before the internet investment company was closed down for illegally raising over $11 billion, it was attracting nearly two million users every day in late 2017 from its headquarters in Shanghai.Read full newsRead More
Xerox Corp (NYSE:XRX) is trading up, after Carl Icahn demanded the $8 billion printing company put itself up for sale. The activist investor, along with fellow XRX stakeholder Darwin Deason, encouraged Xerox to explore strategic options, said they will elect four new board members, and requested the resignation of CEO Jeff Jacobson. This follows last week's letter, where the two -- who collectivel...Read More
(Bloomberg) - Anil Agarwal, the Indian commodities billionaire, said the rally in Anglo American Plc vindicated his personal bet in the mining group, adding that he plans to own the shares for a long time.Agarwal surprised Anglo's management last year when he took a 21 percent stake in the company, becoming its top shareholder. The structure of the purchase, done via a mandatory exchange bond issu...Read More
(Bloomberg) - Anil Agarwal, the Indian commodities billionaire, said the rally in Anglo American Plc vindicated his personal bet in the mining group, adding that he plans to own the shares for a long time.Agarwal surprised Anglo's management last year when he took a 21 percent stake in the company, becoming its top shareholder. The structure of the purchase, done via a mandatory exchange bond issu...Read More
The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) both jumped to record highs today, despite uncertainty surrounding the government shutdown. While Senate Majority Leader Mitch McConnell has scheduled a vote this afternoon, the latest reports suggest there's no guarantee Democrats and Republicans will strike a deal. Investors are also digesting big healthcare M&A news and looking ahead to the la...Read More
The Mining Association of Nova Scotia started a public dialogue about the provincial government's Parks and Protected Areas Plan in these pages in the fall. Since then, we have issued a series of news releases, maps, videos and pictures which substantiate that the process for choosing protected areas was not perfect and has created two significant issues. (Visit tmans.ca to see the materials.)...Read More
The Mining Association of Nova Scotia started a public dialogue about the provincial government's Parks and Protected Areas Plan in these pages in the fall. Since then, we have issued a series of news releases, maps, videos and pictures which substantiate that the process for choosing protected areas was not perfect and has created two significant issues. (Visit tmans.ca to see the materials.)...Read More
Juno Therapeutics Inc (NASDAQ:JUNO) agreed to be bought out by Celgene Corporation (NASDAQ:CELG), confirming last week's reports in the Wall Street Journal. CELG already owns a 9.7% stake in JUNO, but will purchase the remainder of the company in an all-cash deal valued at roughly $9 billion, or $87 per JUNO share -- allowing it access to the Seattle-based firm's CAR-T cancer drug pipeline.At last...Read More
A measure of national economic activity calculated at the Chicago Federal Reserve gained in December with a particular push from factories. Housing and other components in the index softened. The Chicago Fed's index of national economic activity rose to a positive 0.15 last month from a downwardly revised positive 0.11 in November, the central bank branch reported Monday. October's reading of posi...Read More
Array Biopharma Inc (NASDAQ:ARRY) is up 13.7% to trade at $14.93, and earlier touched a 16-year high of $15.66, after Leerink upgraded the cancer treatment specialist to "outperform" from "market perform," while issuing a price-target hike to $19 from $12. The upgrade comes after the biotech stock reported strong clinical results over the weekend from its BEACON cancer treatment trials, with Leeri...Read More