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

Air Lease reported a decent fourth quarter but still faces headwinds going forward, but I continue to prefer AER equity to AL. Click here to read more.Read full newsRead More

The following slide deck was published by OZ Minerals Limited in conjunction with their 2022 Q4 earnings call.Read full newsRead More

There has been much written recently about the yield curve. See why a barbell bond portfolio will be the best performer in the current environment.Read full newsRead More

Delta Air Lines has established the best cost structure of the major US airlines. Read more to see my thoughts on the company and why DAL stock is a Buy.Read full newsRead More

Municipal bonds posted historically strong total returns in January, amid rallying interest rates. Light issuance and improved demand spurred outperformance versus comparable Treasuries.Read full newsRead More

PTY and PDI show poor returns over recent years due to badly mispriced asset prices. Read more to see why we are moving both the CEFs to a Strong Sell.Read full newsRead More

Four Corners invests mainly in high-quality, nationally-visible brand name properties. Read more to see why we think FCPT stock is a Buy.Read full newsRead More

The following slide deck was published by Iluka Resources Limited in conjunction with their 2022 Q4 earnings call.Read full newsRead More

Iluka Resources Limited (OTCPK:ILKAF) Q4 2022 Earnings Conference Call February 20, 2023 5:00 PM ETCompany ParticipantsTom O'Leary - Managing Director and Chief Executive OfficerAdele...Read full newsRead More

TotalEnergies' profitability continues to be supported by a strong energy market. Read more to see my thoughts on the company and why TTE stock remains a Buy.Read full newsRead More

There's no denying that Intel's latest earnings report for Q4 was catastrophic. See why I remain cautiously optimistic about INTC stock at this stage.Read full newsRead More

That is because this Gawler Craton advanced exploration project - which lies smack in between three of Australia's greatest copper mines - has two different stage and style deposits stacked on top of each other.First the hippo, which is called Emmie Bluff. This is a sedimentary copper-cobalt deposit which has an Indicated and Inferred Resource - from three deposits - amounting to a total of 1.1 mi...Read More

New World's Antler points to high-return copper productionSPONSOREDnew world resources Nordic Nickel gears up for Pulju pushSPONSOREDnordic nickelSaudi builds foundation for world-leading mining sectorSPONSOREDsaudi ministry of industry and mineral resourcesAruma sprinting through lithium field raceSPONSOREDaruma resourcesThe Johannesburg and New York Stock Exchange-listed Sibanye is set to lo...Read More

The company's base metals business will become Teck Metals, while its coal business will become Elk Valley Resources (EVR), a pure-play, high-margin steelmaking coal producer.Read More

Luquman Shaheen, president and CEO of Panoro Minerals, talks to Mining Journal about the Cotabambas project, which he sees as the next large scale copper project in southern Peru.Read More

The offer comes over the top of a competing 12c per share, $25 million all-stock offer from Victoria Gold which came a week ago and which ATAC rebuffed as being too low.Read More

"Tech is the dog," reads a note I tucked away a couple weeks ago. "Crypto is the tail."In our quest to demystify this year's maddening market action, we've been thinking at length about what's behind some of these erratic stock moves.I explored the idea a few weeks ago that crypto and tech-growth are two sides of the same coin - a Covid Bubble phenomenon that topped out in spectacular fashion in e...Read More

If you haven't been able to try your hand at AI programs like ChatGPT and DALL-E, you're not alone. The endless wait lists mean only a select few can access them. It's the same reason nobody drives in New York - too much traffic. These wait lists are restrictive partially because the programs are still in the early development stages, but there's another reason they haven't already b...Read More

New World's Antler points to high-return copper productionSPONSOREDnew world resources Nordic Nickel gears up for Pulju pushSPONSOREDnordic nickelSaudi builds foundation for world-leading mining sectorSPONSOREDsaudi ministry of industry and mineral resourcesAruma sprinting through lithium field raceSPONSOREDaruma resourcesBluejay Mining first hit radar screens when it emerged it had received b...Read More

New World's Antler points to high-return copper productionSPONSOREDnew world resources Nordic Nickel gears up for Pulju pushSPONSOREDnordic nickelSaudi builds foundation for world-leading mining sectorSPONSOREDsaudi ministry of industry and mineral resourcesAruma sprinting through lithium field raceSPONSOREDaruma resourcesI mention these factors because it demonstrates that while in some areas...Read More