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
I used to live in a tent, down by a lake...It wasn't much to brag about, but I had everything I needed: a cot, a lantern, and a small transistor radio.But after a while squatting in my tiny little tent, I realized that I couldn't live like that forever. I had dreams, damn it. Like owning my own home, entertaining guests, and cooking fancy meals. Perhaps one day I would even have a vacation home on...Read More
Toronto, Ontario--(Newsfile Corp. - May 21, 2020) - FenixOro Gold Corp. (CSE: FENX) (formerly, American Battery Metals Corp.) ("FenixOro" or the "Company" or "we" or "us" or "our") is pleased to announce that we have been approved for listing on theRead full newsRead More
Combined effect could improve the project's economic parameters and support the lower-CAPEX custom milling scenario.MONTREAL ,May 20, 2020/CNW Telbec/ - MONARCH GOLD CORPORATION (Read full newsRead More
AMZN, NFLX, and AAPL all ended in the redAfter spending most of the day waffling below breakeven, the Dow settled roughly 100 points lower, as Wall Street weighed mixed economic data that included another spike in weekly jobless claims. A new wave of U.S.-China tensions is also spooking traders,alongside a new bill that could delist Chinese companies on U.S. exchanges. The resurgent tech sector...Read More
Royal Caribbean is in a better financial position than sector peersThe shares of Royal Caribbean Cruises Ltd (NYSE:RCL) are up 7.4% to trade at $43.66 today, after receiving a price-target hike to $52 from $48 from Stifel, and an initiation of coverage at Credit Suisse of "outperform" alongside a $67 price target. While its sector peers continue to struggle thanks to coronavirus-related lockdown...Read More
Adamera Minerals reports the company is preparing for a June 1stRead full newsRead More
QMX Gold Corporation is pleased to release assay results from theRead full newsRead More
FenixOro Gold Corp. (CSE:FENX) (formerly, American Battery Metals Corp.) has been approved for listing on the Canadian Securities Exchange following the closing of our acquisition, through amalgamation with our wholly-owned subsidiary, of Fenix Gold Inc.Read full newsRead More
NWL is staring up at stiff resistance to bootYesterday, we chronicled the best S&P 500 stocks to own during Memorial Day week, historically. Now, Schaeffer's Senior Quantitative Analyst Rocky White is back to give us the worst 25 stocks to own during the holiday-shortened week. Leading the charge is Newell Co (NASDAQ:NWL), boasting particularly lackluster Memorial Day week returns in the last 10...Read More
L Brands plans on closing 250 Victoria's Secret stores this yearL Brands Inc (NYSE:LB) just reported first-quarter losses and revenue that missed analysts' estimates. The apparel retailer's Victoria's Secret branch, which has been steeped in controversy lately, saw its sales for the first-quarter cut in half, while its Bath & Body Works sales dropped by 18%, with both branches hit hard by coronav...Read More
Weekly jobless claims will be at the forefront once againMay ends with a week packed of economic reports and earnings, although the window to squeeze everything in is tightened by Memorial Day on Monday. As the recent past has shown, investors will be glued to their screens on Thursday as another weekly jobless claims report comes out. Additionally, the last week of the month will feature a revise...Read More
The Dow is down nearly 145 points middayThe broad market's rally appears to be breaking today, with the Dow Jones Industrial Average (DJI) down nearly 200 points midday. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also in the red, as weekly jobless claims, U.S.-China tensions, and a dip in FAANG stocks weigh. However, positive sentiment remains over states easing lockdowns, and data fr...Read More
EXPE reported a revenue beat and a wider-than-expected loss for its first quarter The shares of Expedia Group Inc (NASDAQ:EXPE) are down 1.5% at $78.40 at last check, after the company reported wider-than-expected first quarter losses for share. However, the company also announced a revenue beat, and forecast a rebound for May as cancellations stabilize. Following the news, analysts chimed in with...Read More
Medtronic's fourth-quarter earnings and revenue fell short of analysts' estimatesMedtronic PLC (NYSE:MDT) entered the earnings confessional this morning, but came up short of Wall Street's estimates. The shares of the medical technology and services company are down 1.5% to trade at $96.64, after posting fourth-quarter profits of 58 cents and revenue of $6 billion, both well below analysts expect...Read More
Mastercard said its employees will not have to return to offices until it is safe to do soMore and more companies are jumping on the trend of allowing their employees to do remote work for the foreseeable future, even as lockdown restrictions are being lifted. The list includes Twitter (TWTR), Visa (V), American Express (AXP), and now Mastercard Inc (NYSE:MA). While not as extreme as Twitter, whi...Read More
The Senate passed legislation that could bar Chinese companies from publicly listing in the U.S. Dow Jones Industrial Average (DJI) futures are down this morning, almost 100 points below breakeven. This fall comes on the heels of news that weekly jobless claims rose by 2.44 million -- just a hair above the 2.40 million estimates -- for what marks now 10 straight weeks of declines. Futures on t...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") has announced it is increasing previously announced financing for gross proceeds of $1.0M to $1.4M.The Company intends to complete the non-brokered private placement of 28,000,000 units of the Company ("Units") at a price of $.05 per Unit, for anticipated aggregate gross proceeds to the Company of approxima...Read More
Kirkland Lake (TSX: KL) is set to invest C$1 million at 80c per unit in Melkior.Read More
Once again, "we're heavily reliant on the Chinese market to prop up global growth at the current time," he said in a podcast presented as part of Singapore Stock Exchange's Commodities UnpluggedRead More
NRW generated A$1.6 billion of revenue for the first 10 months of 2019-20, with earnings estimated at $177 million, or a normalised $107 million.Read More