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
Great Bear Resources has obtained a final order from the Supreme Court of British Columbia dated April 28, 2020 to implement the Company's previously announced plan of arrangement.Read full newsRead More
"Scotia had a global call with all its metals staff and said it was shutting down its metals business. The plan is to unwind the metals business.Read full newsRead More
The security has found plenty of support on the charts as it chugs higher Network operator Ciena Corporation (NYSE:CIEN) has seen some impressive price action on the charts of late. After breaking back above a long-term trendline, the shares are forming a bull flag pattern around $46, which is three times its 2016 lows. After being turned away from here on its first few attempts, there's support i...Read More
AMC said it would no longer screen Comcast subsidiary Universal Studio's movies Movie theater giant AMC Entertainment Holdings Inc (NYSE:AMC) is on a roll this week, snatching up multiple one month highs and on its way to its biggest weekly win in over 20 years, up 67.6% so far. The equity is extending that rally into today, up 23.2% at $5.10, amid news that it will no longer play Universal Studi...Read More
Gilead Sciences Inc. undefined on Wednesday morning announced data from two clinical trials testing its experimental drug remdesivir in severely ill COVID-19...Read full newsRead More
Oil prices are on the mend as wellAs Wall Street unpacks earnings in waves, the Dow Jones Industrial Average (DJI) was last seen up almost 500 points at midday. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are also on the uptrend -- riding the coattails of one FAANG name's impressive quarterly report -- despite GDP experiencing a 4.8% first-quarter drop, its largest since 2008. Follo...Read More
Starbucks posted an earnings miss, but revenue that came in higher than expected The shares of Starbucks Corporation (NASDAQ:SBUX) are down 0.4% at $78.39 this morning, after reporting fiscal second-quarter earnings of 32 cents per share, which came in below Wall Street's estimates, but revenue of $6 billion that exceeded expectations. Starbucks also forecast a 25%- 35% drop for its current-quarte...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 released an investor update regarding the phased rollout of the Fuel Tank Intelligent Containment System (FTICS) capsule, the Company's innovative product for the automobile industry, and other business updates.Fuel Tank Intelligent...Read More
GOOGL reported higher-than-anticipated revenueShares of Alphabet Inc (NASDAQ:GOOGL) are up 7.8% to trade at $1,328.66, climbing on the heels of a higher-than-expected first-quarter revenue, despite a notable decline in ad sales. The Google parent also announced profits of $9.87 per share, lower than the estimated $10.33 per share. Analysts have been quick to react, as no fewer than 13 firms have r...Read More
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Uber's Chief Technology Officer Thuan Pham will step down from his position next monthIt's a big day of headlines for Uber Technologies Inc (NYSE:UBER). The ride share company's Chief Technology Officer (CTO) Thuan Pham just stepped down, effective May 16. Meanwhile, Uber is discussing plans to cut roughly 20% of its staff, as stay-at-home restrictions heavily curb demand for its services.Despite...Read More
Wall Street is brushing off a larger-than-expected first-quarter GDP readingDow Jones Industrial Average (DJI) futures aresignaling a bigboost ahead of a jam-packed news day on Wall Street. Earnings season is in high gear, with both Boeing (BA) and Alphabet (GOOGL) sharing notable reports. Meanwhile, futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are moving higher as well.Else...Read More
Analyzing how the S&P 500 index has performed in the six months leading up to an electionIn just about six months, the Presidential election will take place. As you've probably already heard, Donald Trump and Joe Biden are the presumptive nominees for the Republicans, and Democrats, respectively. Meanwhile, we are on the cusp of a historically bearish time for stocks (sell in May). I was curious i...Read More
Vancouver, BC - Select Sands Corp. (TSX-V:SNS | OTCQX: SLSDF) (the "Company") announces operational and financial results for Q4 and full year 2019, and the filing of its financial statements and associated management's discussion and analysis on www.sedar.com. All dollar references in this release are in U.S. dollars.FOURTH QUARTER AND FULL YEAR 2019 HIGHLIGHTSSold 10,017 tons of frac and i...Read More
The St Louis, Missouri-based Fortune 500 company, with operations across the main US coal basins and Australia, experienced severe margin compression during the period, resulting in weak results across the board.Consolidated revenues fell 32% year-on-year to $846.2 million, from $1.25 billion in the comparable quarter last year, reflecting the impact of lower volumes, mainly owing to the closure o...Read More
More than 70 of the companies in the latest Global METS Investment Report top-100 METS companies listing are publicly traded, or part of public-listed entities.Read More
It had recently appointed drilling executive Ronald Goguen as president, CEO and director, effective March 1, as it accepted the immediate resignation of Karl Boltz.Read More
(IDEX Online) - India's diamond polishing revenue is set to plunge next year from $24bn in 2019 to as little as $13bn in fiscal 2021, according to the latest forecasts. That's a drop of almost half to the lowest level in a decade. Exports to the US and Europe - over 45 per cent of India's market - fell 41 per cent year-on-year in February as the coronavirus pandemic inte...Read More
(IDEX Online) - De Beers says its total production of rough diamonds across its mines in Botswana, Canada, South Africa and Namibia in the first quarter of this year was in line with expectations. The impact of coronavirus was negligible, as lockdowns only came into effect at the end of March, during the final days of Q1. An on-target total of 7.75 million carats were recovered, according the mine...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe testwork showed gold recovery improved by 7% compared with the November 2019 preliminary economic assessment and showed the ability to produce a 26%-30% copper concentrate with gold and silver."The results … are being used to assess potential refinements to the flowsheet and our operating and capital cost estimates as we...Read More