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
Airtel Africa Plc (OTCPK:AAFRF) Q3 2023 Results Conference Call February 3, 2023 7:00 AM ETCompany ParticipantsSegun Ogunsanya - Chief Executive OfficerJaideep Paul - Chief Financial...Read full newsRead More
Methanex Corporation (NASDAQ:NASDAQ:MEOH) Q4 2022 Earnings Conference Call February 3, 2023 11:00 AM ETCompany ParticipantsSarah Herriott - Director of IRRich Sumner - President and...Read full newsRead More
BNP Paribas engages in the provision of banking and financial services in Europe, North America, Asia Pacific, and internationally. Read my analysis of the stock.Read full newsRead More
Global operating logistics require facility and skill resources often at variance with the basic business benefits being offered at scale by Corporate suppliers. Read more here.Read full newsRead More
Health Care sector has been a big loser in 2023 after last year's relative rally. Baxter International follows up some disappointing results from other sector names. Read more here.Read full newsRead More
Total gold preliminary production for H2 2022 is 732,500 Au Oz (mid-point) compared to 778,879 Au Oz in H2 2021. Read more here.Read full newsRead More
BJ's Wholesale Club is an under-appreciated company that performed really well since its IPO in 2018. Click here for my review of BJ stock.Read full newsRead More
MicroStrategy is an overleveraged bet on Bitcoin attached to a software firm that just posted another quarter of declining revenue. Learn why I'm short MSTR stock.Read full newsRead More
The strong U.S. labor market brushed aside fears of a deepening recession. The stock market rally can continue. Read what investors need to know.Read full newsRead More
Blue Owl Capital's business model is thoroughly designed and arguably the best in the alt management industry. Click here for my review of OWL.Read full newsRead More
Great rains for Brazil coffee, but Central America and Indonesia had crop problems from too much rain last year. Click here for my weather analysis.Read full newsRead More
PENN Entertainment management provided 2023 guidance with expectations of $6.15B to $6.58B in revenue and $1.875B to $2B in EBITDAR. Click here to read more.Read full newsRead More
The Ensign Group, Inc. (NASDAQ:NASDAQ:ENSG) Q4 2022 Results Conference Call February 3, 2023 1:00 PM ETCompany ParticipantsChad Keetch - CIO, EVP and SecretaryBarry Port - President, CEO...Read full newsRead More
Johnson Outdoors Inc. (NASDAQ:NASDAQ:JOUT) Q1 2023 Earnings Conference Call February 3, 2023 11:00 AM ETCompany ParticipantsPatricia Penman - VP of Marketing Services & Global...Read full newsRead More
Danaos Corp. stock priced-in too much of cycle reversal fears, in my opinion. Click here to read my analysis of DAC stock.Read full newsRead More
Robinhood is overvalued even in an optimal environment, given poor metrics and low likelihood of achieving meaningful scale. Learn why we are bearish on HOOD stock.Read full newsRead More
LPL Financial Holdings Inc. (NASDAQ:NASDAQ:LPLA) Q4 2022 Results Conference Call February 2, 2023 5:00 PM ETCompany ParticipantsDan Arnold - CEOMatthew Audette - CFOConference Call...Read full newsRead More
It's a substantial advantage if an investor understands the story and spots the catalysts before the market. Here's Part 2 of my series on gold stock investing.Read full newsRead More
Clearfield, Inc. (NASDAQ:NASDAQ:CLFD) Q1 2023 Results Conference Call February 2, 2023 5:00 PM ETCompany ParticipantsJackie Keshner - Investor RelationsCheri Beranek - President and Chief...Read full newsRead More
Ermenegildo Zegna grows at double digits with a 2022 turnover of almost ?,?1.5 billion. Click here to learn why we maintain our Buy target on ZGN stock.Read full newsRead More