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
FireFox Gold Corp. is pleased to provide an update on its 2020 exRead full newsRead More
Precipitate Gold Corp. is pleased to announce it has commenced exRead full newsRead More
Adamera Minerals Corp. Adamera is expanding its 100% owned land hRead full newsRead More
Talisker Resources Ltd. is pleased to announce results from holesRead full newsRead More
Toronto, Ontario--(Newsfile Corp. - June 9, 2020) - Fenixoro Gold Corp (CSE: FENX) has recently mobilized a geophysical crew to...Read full newsRead More
Fission Uranium's latest corporate presentation, featuring information on the company's award-winning team and PLS project, as well as the uranium sector...Read full newsRead More
Silver Viper Minerals Corp. is pleased to announce that, followinRead full newsRead More
OXY is down alongside the rest of the oil and gas sector todayThe shares of Occidental Petroleum Corp (NYSE:OXY) are down 7.7% at $22.51 at last check, amid news that the oil and gas company is reviewing and possibly selling its Middle East assets in order to reduce debt. Meanwhile, BofA Global Research upgraded the stock to "buy" from "neutral," and hiked its price target to $32 from $18. Today's...Read More
An unwinding of pessimism could provide even more tailwindsThe last time we checked in with Teladoc Health (NYSE:TDOC), the telehealth provider was facing off with a key trendline. However, TDOC took a deeper dive than anticipated, shedding 4% in the last 30 days. Now, this extended pullback has brought the stock to another area that, if past is precedent, could halt the skid in its tracks.More sp...Read More
Diving into where last week's tech rally could goFor a while, the stock market highs of February seemed like they would be wistful ancient history during the coronavirus-induced doldrums of March. But U.S. equities -including the Nasdaq-100 Index (NDX) - have been on a breakneck pace sincethose March bottoms. The NDX in particular has had a stellar week; two straight record closes (Tuesday and Wed...Read More
The Dow is off roughly 200 points middayThe Dow JonesIndustrial Average (DJI) and S&P500 Index (SPX) are both languishing below breakeven at midday -- with the former off roughly 200 points -- amid today's travel sector slowdown. However, a bounce-back for tech stocks has the Nasdaq Composite (IXIC) reversing course higher,with FAANG names Facebook (FB) and Apple (AAPL) both charging toward...Read More
PCG is trying to dig out of its bankruptcy holeAfter over 100 years in San Francisco, CA, PG&E Corporation (NYSE:PCG) is moving to Oakland, CA to cut costs. The utility company is hoping to emerge from the bankruptcy filing it entered over a year ago, amid massive liabilities from deadly wildfires in 2017 and 2018. In addition, Mizuho raised its price target to $14.50 from $13.50. Despite the bul...Read More
An unprecedented number of consumers have picked up gardening during coronavirus-related lockdownsThe shares of Scotts Miracle-Gro Co (NYSE: SMG) are up 2.57% at $142.57 this morning, after the company revised its full-year sales and profit outlook amid increased demand for its soil and plant food products. The lawn and garden giantsaid an unprecedented number of consumers have picked up gardening...Read More
Casey's General Stores' fourth-quarter profits disappointed Wall StreetCasey's General Stores Inc (NASDAQ:CASY) entered the earnings confessional after yesterday's close, reporting fiscal fourth-quarter profits that missed Wall Street's estimates, but revenue that beat expectations. In response, CASY is down 2.5% to trade at $165.59 at last checkDespite the earnings miss, RBC raised its price tar...Read More
Signet's first-quarter results missed analysts' estimatesThe shares of jewelry name Signet Jewelers Ltd. (NYSE:SIG) are down 11.4% at $14.95 this morning after the firm reported a first-quarter loss of $1.59 per share and revenue of $852.1 million, missing analysts' estimates. Signet said it is accelerating its transformation into a channel-agnostic retailer, completing over 100,000 virtual consu...Read More
The Fed's two-day meeting will kick off later todayFutures on the Dow Jones Industrial Average (DJI) are more than 300 points below fair value this morning, pausing the speedy rebound that has defined June so far. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futuresare also hovering in the red before the bell, as airline and cruise stocks -- recent champions of the market rally -- take a breat...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM / OTCQX: SYATF / FRA: WK3D) (the "Company" or "Siyata") announces it has won a $685,000 order for its UV350 and its UV350 Desktop Dispatch Unit (DDU) to supply additional devices to an ambulance company which has previously purchased and installed ~$200,000 worth of devices. Marc Seelenfreund, CEO of Siyata Mobile, commented, "First and foremost, s...Read More
CIBC analyst Bryce Adams increased Centerra's price target to C$17 from $14 previously.He highlighted continued resource conversion at Kumtor in Kazakhstan, the Oksut (in Turkey) ramp-up to steady-state production this year, and management's disciplined approach to growth while maintaining a strong balance sheet."All told, we view Centerra as well positioned to outperform peers over the remainder...Read More
Guinea's mining minister Abdoulaye Magassouba said on June 4 the government had approved a basic agreement for the US$14 billion development plan, even though the proposal failed to meet minimumRead More
(IDEX Online) - Angola is to establish a national bourse and diamond hub as it seeks to consolidate its position as a player on the world market.It's currently the sixth biggest diamond producer but has yet to explore 60 per cent of its potential kimberlite reserves.The government believes it could actually increase its rough production as other countries see theirs decline."The main ambition...Read More