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
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesThe litigation challenged the EPA's July 2019 decision to withdraw its prior regulatory action under Section 404(c) of the Clean Water Act, initiated in 2014 by the Obama Administration, which sought to pre-emptively veto the Pebble project before permit applications had been filed or an Environmental Impact Statement (EIS) permitt...Read More
Bank of America has hiked its 18-month target for gold from US$2,000 to US$3,000 per oz."As economic output contracts sharply, fiscal outlays surge, and central bank balance sheets double, fiat currencies could come under pressure and investors will aim for gold," the bank said in a research note today."True, a strong US dollar backdrop, reduced financial market volatility, and lower jewelry deman...Read More
This week's episode features an interview with Northern Miner senior reporter Carl A. Williams, who discusses all things mining and science, including biogeochemical prospecting, artificial intelligence and space mining. He also described his experience of going to this year's PDAC conference, his first time at the event.All this and more with editor and host Adrian Pocobelli.Articles referenced i...Read More
Troilus Gold (TSX: TLG) has reported assay results from two holes completed at the Southwest zone, 3.5 km northeast of the existing deposit within the 160-sq.-km Troilus project.The drill highlights include 73 metres of 1.56 grams per tonne gold-equivalent in hole 20-189 and 6 metres of 1.23 grams per tonne gold-equivalent from the same hole, as well as 14 metres of 1.02 grams gold-equivalent from...Read More
(IDEX Online) - JCK Las Vegas has been canceled. The biggest jewelry show in North America was postponed last month by organizers Reed Jewelry Group in response to the coronavirus crisis. They have now confirmed that it will not take place at all this year, nor will sister event Luxury 2020. JCK Las Vegas attracts over 30,000 of the world's most influential industry professionals, and wa...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesWith four copper exploration partnerships in the West Tethyan Belt in Serbia and Bulgaria and other projects available for partnering, the company is utilising the suspension of field work forced byRead More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesKukielski, soon to celebrate his first anniversary at the company, is more excited than ever about the opportunities before the company.Read More
Bank of America has hiked its 18-month target for gold from US$2,000 to US$3,000 per ounce."As economic output contracts sharply, fiscal outlays surge, and central bank balance sheets double, fiat currencies could come under pressure and investors will aim for gold," the bank says in a research note today."True, a strong US dollar backdrop, reduced financial market volatility, and lower jewelry de...Read More
I remember talking to my fellow editors at the start of the year, with everyone lamenting that there was nothing really new going on in the market. At least nothing that would really change the slow upward burn. How quaint.This is like the old trope about the cursed monkey paw that grants wishes - be careful what you wish for because they'll bring unforeseen ruin as well. We certainly have to kee...Read More
Today and tomorrow's close is the key to gold prices. If it falls till tomorrow then gold will move into a short term bearish phase. If not then gold prices will form a medium term bottom. Investment demand is there for gold. But investors will wait if gold prices fall today. Silver, copper and industrial metals will see higher demand from factories as more and more nations open up. World will o...Read More
Today and tomorrow's close is the key to gold prices. If it falls till tomorrow then gold will move into a short term bearish phase. If not then gold prices will form a medium term bottom. Investment demand is there for gold. But investors will wait if gold prices fall today. Silver, copper and industrial metals will see higher demand from factories as more and more nations open up. World will o...Read More
Gold mining stocks and ETFs have been sturdy in the past month and have more gains in store.Read full newsRead More
Oil futures are negative for the first time since they started tradingThe Dow extended its intraday losses, closing nearly 600 points lower after a catastrophic close for black gold. Set to expire tomorrow, oil futures for May delivery finished 306% lower at negative $37.63 per barrel, for the first time ever. As a result, the energy and utilities sectors dragged the blue-chip index. The S&P 500 a...Read More
Nickel prices jumped to their highest in more than a month on Monday after mining company Vale slashed its annual output target for the stainless steel ingredient due to the impact of the coronavirus pandemic.Read full newsRead More
PCAR's post-earnings price history has been mostly positivePACCAR Inc (NASDAQ:PCAR) has been climbing since the broad-market pullback in March, now up 12% for the month. At last check, PCAR is up 1.1% at $68.39 thanks to a $15 price-target hike from Citigroup to $80, just ahead of the commercial vehicle manufacturer's first-quarter earnings report, due out before the open tomorrow on Tuesday, Apri...Read More
Zoom is the leader in modern enterprise video communications, with an easy, reliable cloud platform for video and audio conferencing, chat, and webinars across mobile, desktop, and room systems. Zoom Rooms is the original software-based conference room solution used around the world in board, conference, huddle, and training rooms, as well as executive offices and classrooms. Founded in 2011, Zoom...Read More
OCS.ca is the only legal online retailer of recreational cannabis in Ontario. The Ontario Cannabis Store offers a variety of products including dried flower, pre-rolls, oils, edibles, vapes, extracts, CBD and THC capsules and accessories. For adults 19 years of age or older.Read full newsRead More
Peak open interest sits at the May 80 callShares of Cadence Design Systems Inc (NASDAQ:CDNS) are moving slightly lower this afternoon, down 0.2% at $78.47, at last check. The options market is likely gearing up for the software name's first-quarter earnings, which are slated for today, after the market close. Below we will take a look at how CDNS has been faring on the charts, and see what the op...Read More
M&T Bank's first-quarter revenue beat analysts' estimates, while its earnings report missed the mark The shares of M&T Bank Corporation (NYSE:MTB) are up 4.3% at $109.82, after the firm posted its first-quarter report. The financial name announced lower-than-estimated first-quarter earnings of $1.93 per share, but $1.51 billion in revenue, which exceeded analysts' expectations. It's been a chopp...Read More
Walmart's sales surged 20% in March, according to a Wall Street Journal reportRetail giant Walmart Inc (NYSE:WMT) is pulling back this afternoon, after hitting a record high of $133.38 earlier today, on a Wall Street Journal report that the company's sales jumped nearly 20% in March. Walmart also announced it will require its 1.5 million U.S. employees to wear masks. At last check, WMT is down 0.1...Read More