Cordoba Obtains $10M Bridge Loan from Partner JCHX for Alacran Project
JCHX , a China-based mining construction company, is currently a joint venture partner on the project, having acquired a 50% stake in December 2022 for $100 million in milestone-based payments. To date, Cordoba has received $80 million, with the remaining $20 million contingent on approval of the project’s environmental impact assessment. Alacran is part of the […]
Gold Miners Continue to Struggle Despite Rising Stock Prices
The calmness of the week means that I have nothing new to report in case of the outlook for GDXJ, [new asset where we have a profitable short position], and FCX. And the same goes for gold, silver, and the USD Index. All three of the assets where we have short positions have paused recently, […]
Gold’s Exceptional Year – MINING.COM
One year ago this week, gold was trading around a then-nominal-record $2,075. Some optimism was building, as in early December 2023 gold had just carved its first record close in fully 3.3 years. Yet at $2,071, that certainly wasn’t materially better than early August 2020’s $2,062. Incidentally gold’s run leading into that was its last […]
Trade Disputes to Dampen Demand for Industrial Metals: BMO
“While final structures will not be known until next year, in our view metals and bulk commodity markets had generally factored bi-lateral United States-China tariffs into demand projections, but not a multi-lateral trade war which drags in Canada, Mexico, Europe and key Asian economies.” BMO forecasts 1.8% industrial production growth globally next year, but says […]
Barrick Gold Initiates Arbitration in Mali Mines Dispute
The Canadian mining giant has been locked in a months-long dispute with the Malian government over dividing economic benefits from the Loulo-Gounkoto complex, which produced nearly 700,000 ounces of gold last year. In a statement on Wednesday, Barrick said the request for arbitration reflects its commitment to “adhering to established processes for resolving disputes in […]
El Salvador’s Legislators Repeal Mining Ban Dismissed as Absurd by Bukele
All 57 of Bukele’s allies in the Central American country’s 60-seat legislature voted for the president’s legislation to overturn the ban. The legislation will grant the Salvadoran government sole authority over mining activities within the country’s land and maritime territory. “By creating a law that puts the state at the center, we are guaranteeing that […]
Fidelity’s Jurrien Timmer Explains the Outlook for US Stocks
It’s been a banner year for stocks, and one veteran analyst thinks the outlook is also good for 2025. The Morningstar US Market Index has returned more than 28% in 2024 and is up 75% since bottoming out in October 2022. Jurrien Timmer, director of global macro at Fidelity Investments and a 30-year veteran of […]
Investing in Dividend Stocks: Strategies for 2025 and Beyond
Susan Dziubinski: Hello, and welcome to a special edition of The Morning Filter. I’m Susan Dziubinski with Morningstar. Today’s program is all about dividend stocks. I’m joined today by a special guest, Dan Lefkovitz. Dan is a strategist with Morningstar Indexes, a columnist with Morningstar.com, and the co-host of The Long View podcast. Dan and […]
India’s Record Gold Imports Attributed to Calculation Error
If an error is indeed identified, the trade figures are likely to be revised and traders could expect some correction in the foreign-exchange rate. It would also soothe feverish speculation about the state of the economy triggered by the data, as economists pondered over whether the surge in gold purchases signaled distress and a need […]
Following Tesla’s Significant Surge After the Election, What’s Next?
Tesla TSLA stock has made a sharp U-turn in 2024, rallying to record highs, with the company seen as benefiting from chief executive Elon Musk’s new prominence in Washington. The stock began 2024 mired in a multi-year slump, as investors grew increasingly concerned about the company’s ability to maintain a fast pace of growth. As […]