Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Sibanye pulled out of a transaction in January to purchase the Santa Rita nickel and Serrote copper mines after Appian informed it of a geotechnical event at Santa Rita related to a localised fractureRead More
IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixChinese Strategic AllianceSPONSOREDxanadu minesCopper Fox is brim-full of potentialSPONSOREDcopper fox metalsOrford eyes massive nickel sulphides at West RaglanSPONSOREDorford mining"Raglan Mine has no choice but to suspend all production activities at the mine site, with a view to keeping the safety of all employees our top priority,"...Read More
"Investors are fully aware that battery metals will play a crucial role in the 21st century global economy," Goldman analysts including Nicholas Snowdon and Aditi Rai said in a research note.Read More
RAPAPORT... US-based jewelry brand Shy Creation has appointed Kari Allen as executive vice president. Allen was previously director of sales for Gucci, before which she served as vice president of luxury jewelry and timepiece brands Charriol and Damiani, Shy Creation said last week. She was also president of Versace's US business. In her new position, Allen will focus on the company's sales a...Read More
RAPAPORT... An emerald ring set with pink diamonds from Rio Tinto's Argyle mine has raked in $1.1 million at auction.The piece, named Majestique, was part of a collaboration between Muzo and Argyle Pink Diamonds, Rio Tinto's brand for the fancy-colored stones from its Australian mine. It was the star of Muzo's May auction in Hong Kong, the emerald miner and jeweler said last week.Set with a cushio...Read More
(IDEX Online) - Diamond dealers in Antwerp are suing their banks for blocking their US dollar accounts when they implemented AML (anti-money laundering) legislation.They're set to take a group action, claiming they have suffered disproportionately from the implementation of EU rules.Robin van Beurden, an Antwerp diamond broker, told the German broadcaster Deutsche Welle he'd already won...Read More
RAPAPORT... Sotheby's will offer two diamonds weighing more than 100 carats at its upcoming jewelry sale, with one expected to fetch in excess of $10 million.The Juno diamond, a pear-shaped, 101.41-carat, D-color, internally flawless, type IIa stone, will lead the June 16 New York Magnificent Jewels sale, the auction house said last week. Only 11 D-color diamonds over 100 carats have ever bee...Read More
(IDEX Online) - A necklace of 33 exceptional jadeite beads sold for over $8.8m at Christie's Magnificent Jewels live auction in Hong Kong. The beads (measuring approximately 15.0 to 12.3 mm) were set with an 11-carat cushion-cut Burmese ruby surrounded by oval-cut diamonds. The piece (pictured) sold for $8,836,123 to a collector on the phone after "spirited competition". Christie's said...Read More
(IDEX Online) - TAG Heuer is now accepting crypto payments for watches sold online in the US.The luxury Swiss watchmaker says it's a "significant step on its digital transformation journey".Customers will be able pay with Bitcoin, Ethereum and a selection of 10 other cryptocurrencies, with a maximum spend equivalent to $10,000 in each transaction."We have been following cryptocurrency develop...Read More
IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixChinese Strategic AllianceSPONSOREDxanadu minesCopper Fox is brim-full of potentialSPONSOREDcopper fox metalsOrford eyes massive nickel sulphides at West RaglanSPONSOREDorford miningCIC-owned subsidiary Fullbloom Investment sold 110,700 Class B subordinate voting shares on the Toronto Stock Exchange and other alternative trading system...Read More
Technical evidence that North American equity indices have passed an intermediate low appeared last week. Look for a bottoming process between now and the next FOMC meeting on June 14th-15th. ObservationsConsensus earnings estimates for S&P 500 companies on a year-over-year basis in the first quarter of 2022 virtually were unchanged last week. Ninety seven percent of companies have report...Read More
Spread the loveCOMMENT: I just wanted to comment on your “Endless Propaganda Behind the Dollar.” I attended your 2011 WEC in Philadelphia. I bought the stock market using the Dow stocks when it was 12,500. Gold was about 1600 and your forecast that the high was in place was amazingly correct as it fell to nearly 1000 after that.You have opened my eyes to the real meaning of Adam Smith...Read More
Vanstar Mining (TSXV: VSR) has reported "promising" partial results from its initial drill program at the Bousquet-Odyno project in Quebec, where it hopes to expand the gold system at depth. Highlights from the two reported drill holes included 21 metres grading 5.23 grams gold per tonne starting from 301 metres (hole BO-22-63); and 6.5 metres grading 2.1 grams gold starting at 104 metres (hole...Read More
Miners operating in Colombia are bracing for tighter environmental rules as the two anti-establishment presidential candidates that made it to a runoff on June 19, have promised stricter environmental rules and controls over the industry.After no candidates were able to reach on Sunday's election more than the 50% of votes required to win outright, the South American nation will have to choose bet...Read More
Production at Glencore's (LSE: GLEN) Raglan nickel mine at Nunavik has been suspended as hundreds of unionized workers went on strike for the first time in 25 years on the night of May 27. Nearly 98% of the 630 workers from the United Steelworkers Union, Local 9449, voted in favour of a strike in late May citing issues including the use of subcontractors, deteriorating labour relations as well...Read More
Mawson Gold's (TSX: MAW) shares rose by more than 50% on May 30 after its 60.3% owned subsidiary Southern Cross Gold (ASX: SXG) reported a high-grade drill result from its Sunday Creek project in Victoria, Australia. Highlights from drill hole SDDSC033 included 5.2 metres grading 14.7 grams gold per tonne starting from 189.9 metres; 5.1 metres grading 17.7 grams gold starting from 160.5 metres;...Read More
Today's mining companies are complex organizations that operate in dynamic and evolving business environments. To manage a successful mining operation involves navigating the diverse and increasingly complex challenges of sustainability, governance, and stakeholder engagement on top of the requirements of managing finances, inventories, and supply chains that are common to all operators.Illumiti,...Read More
As the ESG spotlight shifts onto the mining and metals sector, there is increased interest in recycling as a source of green metals, a recent report by White & Case states.According to the law firm, the ideas around the circular economy, where all aspects of the economy are repurposed and/or reused, align well with recycling, while relatively high commodity prices also make the often resource-inte...Read More
Unionized workers at Baffinland Iron Mines' Mary River iron ore operation on the northern tip of Baffin Island, in Canada's territory of Nunavut, are urging the federal government to approve the company's request for a shipping limit expansion.After four years of consultations and deliberations, the Nunavut Impact Review Board (NIRB) rejected on May 13 Baffinland's request to more than double...Read More
Last year was an exceptional one for Lundin Gold (TSX: LUG) and its high-grade Fruta del Norte underground mine in southeastern Ecuador, 130 km northeast of Loja, the country's fourth-largest city.The company generated US$268 million of free cash flow in 2021 from the production of 428,514 oz. of gold at an all-in sustaining cost (AISC) of US$762 per oz., beating its guidance of 380,000 to 420,000...Read More