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
(IDEX Online) - A lucky couple who tied the knot or popped the question during coronavirus lockdown will win a $5,000 dream honeymoon.Video of contestants' proposal or wedding ceremony will go to a public vote in the Love Locked Down Video Contest launched by Zillion Jewelry Insurance.Couples without a footage of the moment can still submit a brief video account."During this unprecedented tim...Read More
(IDEX Online) - The Israel Diamond Exchange (IDE) was forced to close its trading halls after a trader was found to have coronavirus. They were shut on Tuesday and will remain out of action until Sunday at the earliest, according to the ynet news website. The huge trading floor at IDE, in Ramat Gan, one of the world's largest bourses, was divided into separate rough and polished areas as...Read More
Argonaut Gold (TSX: AR) has completed a key permitting milestone for its Magino project, which included consultation with Indigenous communities and members of the public.The completed Schedule 2 amendment of the Metal and Diamond Mining Effluent Regulations is an important authorization for the site, according to the company."From a permitting perspective, the completion of the Schedule 2 process...Read More
Rupert Resources on a Roll at IkkariSPONSOREDCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesIn a less frenzied news environment, Nornickel's Arctic fuel spill might have found its way onto a few more front pages, especially in the l...Read More
Over the past few weeks, I've gone out of my way to detail a relatively small market that's poised for incredible growth. It's not one many investment analysts ever mention, either. It's flying under the radar, so to speak. It's a market that's already grown 138% over the past three years, but a fresh research report from BIS Research suggests its size will grow another 123% in the years ahead w...Read More
State revenue from gold mining companies in Mali surged 63.5% to 403.6 billion CFA ($702 million) in 2019 compared with 2018, boosted by a strong turnover from companies operating in the West African nation, the government said on Wednesday.Read full newsRead More
Gold is on the way to $1836.70. Comments by Federal Reserve chairman at the Federal Reserve meeting is the reason. Correction of gold price in US session will come only if US weekly jobless numbers beats street expectations by a big margin. Selling gold and silver on the basis of US May nonfarm payrolls has resulted in short covering yesterday post FOMC surprise. I was focused more on copper and...Read More
Gold is on the way to $1836.70. Comments by Federal Reserve chairman at the Federal Reserve meeting is the reason. Correction of gold price in US session will come only if US weekly jobless numbers beats street expectations by a big margin. Selling gold and silver on the basis of US May nonfarm payrolls has resulted in short covering yesterday post FOMC surprise. I was focused more on copper and...Read More
All major indexes fell todayIn its worst day since March, the Dow dropped over 1,800 points after a spike in coronavirus cases leaves investors worried about a second wave, with now over 2 million in the U.S., according to data from Johns Hopkins University. Most notably, Texas has reported record-breaking COVID-19 hospitalizations for three consecutive days. Shares of stocks directly related to t...Read More
Japan Gold Corp (TSXV:JG) (OTCQB:JGLDF) (Read full newsRead More
eMetals Limited (ASX:EMT) are pleased to announce the Company has entered into a conditional binding tenement sale and purchase heads of agreement (Agreement) setting out the terms upon which eMetals may acquire a 100% legal and beneficial right, title and interest in Western Australian mineral tenement E20/896 and a 90% legal and beneficial right, title and interest in Western Australian mineral...Read More
Beyond Meat announced expanded production capability with a new facility in the NetherlandsThe shares of Beyond Meat Co (NASDAQ: BYND) are down 6.9% at $143.72 this afternoon after the meat-alternative brand announced expanded local production capabilities in Europe through its first co-manufacturing facility in the Netherlands. The facility will produce the company's signature plant-based burge...Read More
The entertainment name is expected to post its first-quarter results after the close this eveningDave & Buster's Entertainment Inc (NASDAQ:PLAY) is in hot water ahead of its first-quarter earnings report, due out after the close this evening. The stock is down 15.02% at $14.71 this afternoon, pacing for its third consecutive win. On top of that, the equity is eyeing its first close south of the te...Read More
Attention will be focused on retail sales and weekly jobs dataThe economic calendar is looking somewhat bare next week, though investors will definitely have their eyes on another weekly employment update on Thursday, as well as retail data earlier in the week -- two indicators that have helped gauge the economic environment as lockdown measures continue to ease in the U.S. Elsewhere, the Organiza...Read More
Puts are double the usual volume in the options pitsLululemon Athletica Inc (NASDAQ:LULU) is set to enter the earnings confessional after the close today, June 11, posting its fiscal first-quarter results. The stock is down 3.6% ahead of the event, despite no fewer than five price target hikes this week, including from MKM Partners to $378 from $230.Despite the dip, LULU is still up 84.3% in the...Read More
A spike in coronavirus cases is sparking a selloff in the retail and airline sectorsThe Dow Jones Industrial Average (DJI) is down over 1,000 points at midday, as retail and flight stocks plummet amid a spike in coronavirus cases. While stay-at-home staples like Zoom (ZM) and Netflix (NFLX) are getting a boost on renewed anxieties surrounding thepandemic, it's not enough to help the tech-heavy...Read More
The EU filed charges against Amazon regarding the company's treatment of third-party sellersThe European Union (EU) is filing formal antitrust charges against Amazon.com, Inc. (NASDAQ:AMZN) alleging the e-commerce giant used data from third-party sellers to launch competing private-labels, according to Wall Street Journal sources. According to another report, if AMZN is found guilty, it could b...Read More
Just Eat Takeaway is planning on buying GrubHub in an all-stock dealIt was just announced that British-based food delivery name Just Eat Takeaway (JET) agreed to buy GrubHub Inc (NYSE:GRUB) in an all-stock deal worth $7.3 billion at JET's Tuesday closing price. Just Eat Takeaway beat out Uber Technologies (UBER) which was also vying for a deal with GrubHub. Meanwhile, GrubHub sent an email to empl...Read More
The most magical place on earth will reopen Disneyland Park and Disney California Adventure on July 17The shares of Walt Disney Co (NYSE: DIS) are down 3.6% at $117.68 this morning, after the so-called "most magical place on earth" announced it will reopen Disneyland Park and Disney California Adventure on July 17, pending approval from local and state authorities. The California theme parks h...Read More
There's been a spike in coronavirus cases in California and TexasFutures on the Dow Jones Industrial Average (DJI) are down over 800 points this morning, as Wall Street gets rocked by fears of a potential second wave of coronavirus amid a spike in cases from states such as California and Texas. Accordingto Johns Hopkins University, COVID-19 cases have crossed the 2 million mark, with over 112,000...Read More