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
McEwen Mining (TSX: MUX; NYSE: MUX) posted a net loss of US$99.2 million, or US25 ? per share, for the quarter ended March 31, primarily due to a US$83.8 million impairment charge for its Gold Bar mine in Nevada.The company says the write-down was necessary because a change in the geological interpretation resulted in a substantial reduction in the expected gold production over the life of the min...Read More
Seven ways the resources sector can survive the COVID-19 crisisSPONSOREDproudfootCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesA large part of Australia's relative success in combatting coronavirus was the geographical convenience...Read More
Publisher's Note: Gold stocks are off to the races this year in the face of the money printing response to the coronavirus. Gold prices are at seven-year highs. Pick a stock that has done well in this pandemic like Amazon (NASDAQ: AMZN), which has broken out to new highs as everyone has had to order things from home. Amazon is at all-time highs, up 30% in the past year while many other stocks got...Read More
The blue-chip index skidded into the close at its session lowsYesterday's broad-market optimism was short-lived, as the Dow plodded through a day in the red before bottoming out with a 390 point drop at the close. Weighing on the blue-chip index were corporate reports from Home Depot (HD) -- which suffered an earnings miss -- and Walmart (WMT), which initially surged after its first-quarter repo...Read More
AGI has doubled off its March lows, but could keep climbingLast week, we checked in on a mining stock flashing a bullish signal. And while gold prices have lost some of their luster this week, there's another mining stock flashing a similar signal that's worth looking in to. Data from Schaeffer's Senior Quantitative Analyst Rocky White suggests Alamos Gold Inc (NYSE:AGI) could see more tailwinds...Read More
Amex Exploration Inc. is very pleased to report multiple drill reRead full newsRead More
Japan Gold announced on February 24, 2020 the formation of a Country-wide Alliance with Barrick Gold Corporation to jointly explore, develop and mine certain gold mineral properties and mining projects in Japan, covering the entire country, including 28 out of 30 projects currently held by the Company.Read full newsRead More
TDOC has been making a name for itself in the new era of social distancingIt comes with little surprise that telehealth provider, Teladoc Health (NYSE:TDOC), has been making a name for itself in 2020. A leader in the small group of healthcare companies providing services that allow patients to connect to their physician via computer, Teladoc has become a household name in the age of social distanc...Read More
Southwest Airlines is seeing ticket reservations rise againThe shares of Southwest Airlines Co (NYSE:LUV) are up 4% to trade at $28.15 today, after the company announced via press release that ticket reservations have finally legged out ticket cancellations for the month so far. And just recently, Southwest added some flights back to its network which will lead to an overall capacity decline bet...Read More
The security just came within one standard deviation of its historically bullish 80-day moving average Grocery store name Kroger Co (NYSE:KR) has been one of the steadier climbers on the charts of late, up 34.2% in the last year, and well on its way to notching its fourth consecutive monthly win. While the security has pulled back since its March 18, three-year high of $36.84, the shares found so...Read More
The Dow is down 10 points middayFollowing yesterday's best market session in six weeks, the Dow Jones Industrial Average (DJI) is just below breakeven at midday, as investors turn their attention to testimonies by U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell in regard to the pandemic and progress of the CARES Act. Mnuchin stated that the government is "fully prepa...Read More
Guggenheim downgraded CMCSA to "neutral" from "buy"The shares of Comcast Corporation (NASDAQ:CMCSA) are down 1.1% to trade at $37.68 after a downgrade from Guggenheim to "neutral" from "buy." The analyst said it sees one of Comcast's primary units, NBCUniversal, as "particularly challenged" by the lasting effects of the pandemic on its theme park, filmed entertainment, and advertising businesses....Read More
Advanced Auto Part's first-quarter earnings and revenue missed analysts' estimates Advanced Auto Parts, Inc. (NYSE:AAP) is soaring today, up 7.4% to trade at $140.79 at last check, despite reporting first-quarter earnings and revenue that were lower than Wall Street's estimates. What's instead powering the stock's rally today is the company's same-store sales estimates that markedly improved the...Read More
The blue-chip company posted earnings that missed estimates, though its revenue exceeded expectations Home Depot Inc (NYSE:HD) stock is sinking lower this morning after the home improvement retailer posted first-quarter earnings that missed analysts' estimates, after the company spent over $850 million on benefits for employees to ensure its stores and warehouses, deemed essential, were kept runni...Read More
Home Depot and Walmart reported earnings todayDow Jones Industrial Average (DJI) futures are sitting just below breakeven this morning, after the market notched its best session in six weeks yesterday on news of a possible coronavirus vaccine. Investors are weighing different post-earnings reactions from blue-chips Home Depot (HD) and Walmart (WMT), with the former dragged down by a profit miss...Read More
Stocks were on a tear in April, almost clawing back everything they lost in March.Much of that rally has been pinned on the hopes that lockdowns would be over and the coronavirus would be sorted in short order.But the more we hear from medical experts and more fundamentally, from the rising numbers ofRead full newsRead More
Sam Catalano, senior mining equities analyst at Canaccord Genuity, said from a professional perspective, the current crisis was "nowhere near as bad as it felt in 2008-2009".Read More
Lindian will report a JORC resource "before mid-year", with grades reported being 50% Al2O3 or more from surface over intervals of up to 9m.Read More
(IDEX Online) - Indian government officials are under increasing pressure to allow up to 30 per cent of diamond workers in Surat to return to work. The cut-and-polish hub has been dormant since the COVID-19 lockdown was imposed on 25 March. Authorities 200 miles away in Mumbai last week said jewelry businesses there could allow up to 10 per cent of their workforce to return, as long as they were f...Read More
(IDEX Online) - Former De Beers boss Nicky Oppenheimer and his family saw their $6.85bn fortune dip slightly, as they slipped down the annual Rich List, published by the Sunday Times newspaper in London.They remain the wealthiest representatives of the diamond and jewelry sector in the ranking of the 1,000 richest individuals and families who either live in Britain or have significant links t...Read More