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
VidCon is Stockhead's video conference series, bringing you expert insights, panel discussions and presentations on the most interesting and relevant ... Read More The post Stockhead VidCon: Gold Out West - The Explorers appeared first on Stockhead.Read full newsRead More
The mirage of quick growth vanished and realty bite came after Federal Reserve chairman Powell dashed hopes an early US economic recovery. He also struck down any chances of negative interest rates. Gold rose as a result. There was short covering in gold as well. At the moment gold looks headed for $1760. Silver will follow the trend of industrial metals. Overall sharp correction in silver will...Read More
The mirage of quick growth vanished and realty bite came after Federal Reserve chairman Powell dashed hopes an early US economic recovery. He also struck down any chances of negative interest rates. Gold rose as a result. There was short covering in gold as well. At the moment gold looks headed for $1760. Silver will follow the trend of industrial metals. Overall sharp correction in silver will...Read More
NV Gold Corporation is pleased to announces that, further to its news release of May 11, 2020, it has increased its private placement up to 8,200,000 units at CAD$0.14 per Unit for total gross proceeds of up to CAD$1,148,000.Read full newsRead More
Renforth Resources is pleased to announce that SGS Lakefield has been retained to determine the basic metallurgical response of a sample from New Alger's Discovery VeinsRead full newsRead More
QMX Gold Corporation is pleased to announce that in exchange for a $250,000 deposit, it has granted to O3 Mining an option to purchase the Aurbel MillRead full newsRead More
Another dismal weekly jobless claims report weighed on stocks earlierThe Dow staged a big comeback today, ending over 375 points higher as it steadily distanced itself from a morning spent deep in the red andanother round of depressing jobs data. Strength in the financial sector was responsible for the blue-chip index's rebound, while the S&P and Nasdaq also enjoyed a bounce, settling modestly hi...Read More
The June 21 put has been running the show for the last 10 daysTwo months ago, when we last checked in with Financial Select Sector SPDR Fund (XLF), the banking exchange-traded fund (ETF) was seeing a huge deep-pocketed bet in the options pits. Now, as XLF continues to languish and bank stocks like Wells Fargo (WFC) deal with dividend cut drama, it's worth revisiting the financial services ETF's o...Read More
DAL's 40-day trendline has stymied any breakouts on the chartsThe shares of Delta Air Lines, Inc. (NYSE:DAL) are down 1.3% to trade at $18.91 today, after the airliner's board authorized plans to retire the company's Boeing (BA) 777 aircraft and withdraw them from service by the end of 2020. "We plan to continue to consider further opportunities for early aircraft retirements in an effort to mod...Read More
Co-Diagnostics will put out its first-quarter earnings after the close this evening Biotech Co-Diagnostics Inc (NASDAQ:CODX) has been in the spotlight recently as one of the companies producing COVID-19 test kits. The stock has tacked on 137% in May alone, undoubtedly on the back of these test kits' success rates, shared earlier in the month. Now, CODX is once again capturing the attention of trad...Read More
The Dow is down 100 points middayThe Dow Jones Industrial Average (DJI) is down 100 points at midday, but has managed to pare some of this morning's steeper losses thanks to outperforming bank stocks. Dismal jobs data piled on for the ninth week straight, however, sending the S&P 500 Index (SPX) and Nasdaq Composite (ICIX) into the red as well. Also weighing heavy has been increased worry that a...Read More
Credit Suisse lifted its rating on MKC to "outperform" from "neutral"The shares of spice concern McCormick & Company Inc (NYSE:MKC) are up 3.8% at $172.30 after Credit Suisse raised its price target to $187 from $147, and upgraded the stock to "outperform" from "neutral." The brokerage firm expects MKC to be the biggest long-term beneficiary in its food sector coverage, and predicts a rise in sa...Read More
A historically bullish trendline could keep Digital Realty Trust afloatLike most of the market, real estate investment trust (REIT) Digital Realty Trust, Inc (NYSE:DLR) has taken a notable tumble off its April 28 high of $158.36. The security is already down 10.9% this month, trading back near its early April levels. Several technical levels on the charts are helping to contain this pullback, how...Read More
Intelsat has drifted into penny stock territory in 2020The shares of Intelsat SA (NYSE:I) are down 18% to trade at 79 cents, after the satellite services provider filed for bankruptcy protection, a move designed to allow the company to participate in an upcoming government airwaves auction. It's been a rough few months on the charts for Intelsat stock, to say the least. A steep bear gap in Novem...Read More
Weekly jobless claims will be a hotly-watched figure againThe third week of May will be an admittedly slow one, but there's still plenty to keep an eye on. As it has been for the past two months, all eyes will be on the weekly jobless claims report on Thursday, as Wall Street weighs the impact the coronavirus outbreak has wrought on the U.S. economy. Investors continue to fret over the possibiliti...Read More
Allogene just announced positive phase 1 study results for its non-Hodgkin lymphoma treatment Allogene Therapeutics Inc (NASDAQ:ALLO) this morning released well-received data from its phase-one study of its non-Hodgkin lymphoma treatment, ALLO-501. The oncology firm expects to initiate the next steps of its phase-one study of the therapy in the second quarter of this year. In response, ALLO is up...Read More
President Trump continues to blame China for the coronavirus Dow Jones Industrial Average (DJI) futures are once more sliding sharply below fair value, as another week of worse-than-expected jobless claims pile on to the panic of a sputtering U.S. economy. Almost 3 million Americansfiled for unemployment last week, toppling estimates for the ninth straight week. Futures on the S&P 500 Index (SPX...Read More
Vancouver, BC - A2Z Technologies Canada Corp. ("A2Z" or the "Company") (TSXV: AZ),a pioneer in military robotics, services, and innovation in the auto industry, today announced the appointment of Mr. Alan Rootenberg to the board of directors of the Company effective immediately. Mr. Scott Ackerman has resigned as a director to provide a vacancy for the appointment.Mr. Rootenberg is a chartered pro...Read More
Norges Bank said yesterday it had decided to exclude Sasol Ltd, RWE AG, Glencore (LSE: GLEN), AGL Energy Ltd and Anglo American (LSE: AAL) from the Government Pension Fund Global after an assessment against coal criteria.It has placed BHP (ASX: BHP) and four other companies on an "observation list" following their assessment against the product-based coal criterion.In a separate announcement, the...Read More
Monday marks the fifth anniversary of the company's ASX listing after it was demerged from BHP.Read More