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

The incident in Kakamega county initially saw 12 artisanal workers trapped for hours.Read full newsRead More

More gold mergers and acquisitions are likely this year, Endeavour Mining CEO Sebastien de Montessus said, after Newmont's $16.9 billion offer to buy Newcrest ramped up pressure on the sector to consider deals.Read full newsRead More

Though Gildan Activewear detracted, we took advantage of sentiment by adding to our position. Click here for our brief investment thesis on GIL stock.Read full newsRead More

The following slide deck was published by Corporate Office Properties Trust in conjunction with their 2022 Q4 earnings call.Read full newsRead More

Corporate Office Properties Trust (NYSE:NYSE:OFC) Q4 2022 Earnings Conference Call February 10, 2023 12:00 PM ETCompany ParticipantsVenkat Kommineni - Vice President, Investor...Read full newsRead More

L'Or?(C)al S.A. (OTCPK:LRLCF) Q4 2022 Earnings Conference Call February 10, 2023 3:00 AM ETCompany ParticipantsNicolas Hieronimus - CEOChristophe Babule - CFOAlexis Perakis-Valat - President,...Read full newsRead More

Lupin Ltd ADR (OTC:LUPNY) Q3 2023 Results Conference Call February 10, 2023 5:30 AM ETCompany ParticipantsVinita Gupta - Chief Executive OfficerRamesh Swaminathan - Chief Financial Officer...Read full newsRead More

The Headwaters Capital portfolio gained +7.2% in Q4 '22 compared to a +9.2% gain for the Russell Mid Cap Index. Click here to read the full fund letter.Read full newsRead More

Palm Harbour Capital fund gained 9.7% gross of fees during the fourth quarter. Click here to read the full fund letter.Read full newsRead More

Federal investigators cited a Nevada gold mine for safety violations in the death of an underground worker, including inadequate inspections and a defective rearview camera on the truck she backed into a deep hole before crashing to the mine floor.Read full newsRead More

Gold is among the oldest investment assets in history. Some investors swear by gold while many others disdain it. But few would deny that the yellow metal plays a unique role in markets, offering a store of value that is unlike almost any other asset.However you feel about gold, analysts agree tRead full newsRead More

VICI has successfully grown their FFO/share through strategic acquisitions and CPI-linked lease escalators. Click here to read my analysis of VICI stock.Read full newsRead More

More gold mergers and acquisitions are likely this year, Endeavour Mining CEO Sebastien de Montessus said, after Newmont's $16.9 billion offer to buy Newcrest ramped up pressure on the sector to consider deals.Read full newsRead More

Motorcar Parts of America, Inc. (NASDAQ:NASDAQ:MPAA) Q3 2023 Earnings Conference Call February 9, 2023 1:00 PM ETCompany ParticipantsGary Maier - Vice President of Corporate Communications...Read full newsRead More

Apartment Income REIT Corp. (NYSE:NYSE:AIRC) Q4 2022 Earnings Conference Call February 10, 2023 1:00 PM ETCompany ParticipantsLisa Cohn - President and General Counsel, AIR CommunitiesTerry...Read full newsRead More

Credicorp Ltd (NYSE:NYSE:BAP) Q4 2022 Earnings Conference Call February 10, 2023 9:30 AM ETCompany ParticipantsMilagros Cig? 1/4 e??as - Head of IRGianfranco Ferrari - CEOCesar Rivera -...Read full newsRead More

Global Payments Inc. Q4 earnings were impressive, as operating income increased significantly despite soft revenue growth. Click for our review of GPN.Read full newsRead More

RXO, Inc. (NYSE:NYSE:RXO) Q4 2022 Earnings Conference Call February 8, 2023 8:00 AM ETCompany ParticipantsDrew Wilkerson - Chief Executive OfficerJamie Harris - Chief Financial OfficerJared...Read full newsRead More

Macy's financials are weakening and there is very little evidence that management's actions will significantly improve the situation. Click here to read more.Read full newsRead More

We take a look at the action in business development companies through the first week of February and highlight some key themes we are watching. Click here for more.Read full newsRead More