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

Mining giant Rio Tinto (LSE: RIO; ASX: RIO) has more than halved its 2022 dividend after posting a 41% drop in annual profit, which was the result of lower commodity prices and higher costs.The world's second largest miner posted on Wednesday a net profit of US$12.4 billion in 2022, down from US$21.1 billion the previous year.It also announced a full-year dividend of US$4.92 per share, less than h...Read More

Buster Hunsaker, consulting geologist with Majuba Hill Copper, discusses recent drilling results from the company's namesake copper porphyry project in Nevada, where it is working on a National Instrument 43-101 compliant resource. Hunsaker spoke with Northern Miner staff reporter Henry Lazenby at the Vancouver Resource Investment Conference in January 2023. Read More

In research presented at the market open, the bank said that although its China GDP forecasts are above-consensus for 2023 "a disappointing post-LNY demand recovery may introduce new risks.Read More

Cathy Fitzgerald has always been aware that women are a minority in the mining world, especially in management. "Moving up in my career, and now being a vice-president and maybe one day a CEO, standing in a room with 200 men and five women, you're acutely aware of the imbalance in gender at the top of the mining industry," said Fitzgerald, who is VP, exploration and resource development with Apol...Read More

Geopolitics play a major role in the outlook for global economies. But more importantly, today, we must look at the world through the prism of geoeconomics.What is "geoeconomics"? Obviously, it's a portmanteau from the words geopolitics and economics. There's nothing new about considering those disciplines in the same context.Wars are geopolitical and are often won through industrial capacity, whi...Read More

March 27, 2017: It was a clear, cold night in Berlin.A group of young thieves slipped through the shadows, their minds fixed on the prize ahead.The target: A gold bullion cointhe size of a bike tire.The Big Maple Leaf is a massive Canadian gold coin weighing 100 kilograms (220 pounds) with a face value of CAD$1 million.A set of six of these coins was produced by the Royal Canadian Mint in 2007. At...Read More

Consumers have been overspending their income, but spending behavior is about to tighten. Find out which stocks will be hurt the most as consumers become more frugal.Read full newsRead More

I believe Freshworks has a weak business model plagued by multiple headwinds. Read why I would sell FRSH stock if I were a shareholder.Read full newsRead More

A year ago, the expectations for The Williams Companies were quite low. Despite being positive, WMB guidance for 2023 sees no material growth. Click here for more.Read full newsRead More

Palo Alto Networks, Inc. (NASDAQ:NASDAQ:PANW) Q2 2023 Earnings Conference Call February 21, 2023 4:30 PM ETCompany ParticipantsClay Bilby - Head, Investor RelationsNikesh Arora - Chairman...Read full newsRead More

Tesla, Inc. recently issued a recall on its full self-driving software package. Click for my take on TSLA's potential liability for FSD and my view of the stock.Read full newsRead More

In 2023, $1 trillion has been injected into global liquidity. Find out why this is good news for Bitcoin and why I rate BTC-USD as a strong buy.Read full newsRead 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