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
IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixChinese Strategic AllianceSPONSOREDxanadu minesCopper Fox is brim-full of potentialSPONSOREDcopper fox metalsOrford eyes massive nickel sulphides at West RaglanSPONSOREDorford miningAs part of a planned C$3 million private placement, Kinross will acquire around 9.9% of the issued and outstanding common shares of E2Gold following the cl...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 miningIn fact, Glencore outperformed two if its main rivals, BHP and Rio Tinto, topped only by Anglo American when looked at over the five trading days to Friday...Read More
RAPAPORT... The diamond industry finds itself in the middle of many external forces. The Russia-Ukraine war has altered the supply situation and damaged US demand for Alrosa goods. Lockdowns in China have reduced sales in the most important Far East market. While spending is still robust on American shores, inflation has prompted some traders to worry. This combination of factors has created...Read More
RAPAPORT... Revenue at Mumbai-based diamond and jewelry manufacturer Asian Star surged in the past fiscal year as the economy recovered and Covid-19 restrictions loosened.Group revenue - including at subsidiaries - jumped 73% to INR 44.3 billion ($570.3 million) for the year ending March 31, the company said Monday. Diamond sales soared 82% to INR 39.02 billion ($502.3 million), while revenue from...Read More
RAPAPORT... Swiss watch exports saw a more moderate rise in April as China's coronavirus measures reduced demand in the key market, according to the Federation of the Swiss Watch Industry.While global shipments climbed 7% to CHF 1.92 billion ($2 billion) for the month, the increase was weaker than in the first quarter, the organization reported Tuesday."The growth in Swiss watch exports lost...Read More
RAPAPORT... Fresh off the GemGen??ve show, founders Thomas Faerber and Ronny Totah join Rapaport's Avi Krawitz to discuss the trends they saw there.In this episode of the Rapaport Diamond Podcast, the executives also talk about the role of trade fairs in general, and share their impressions of the colored-gem and antique-jewelry markets amid the recent turbulence.Listen to the podcast here:Di...Read More
(IDEX Online) - A diamond merchant accused of smuggling $26m of diamonds has been arrested by customs officials at Delhi airport. Meet Kachhadiya, who ran a Universal Diamonds, in Surat's Sachin Special Economic Zone (SEZ), allegedly evaded duty when he exported 30 consignments of "lab grown" diamonds to Hong Kong from February 2021 to May 2021. He'd reportedly been evading...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 miningLong-time poll leader Petro won the first round as expected with about 40% of the vote, but centrist populist outsider Hernandez surprised many by taking 2...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 miningCarter will be responsible for the firm's platinum group metals operations in the US and projects and exploration activities in Argentina.Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 30 points in pre-opening trade. Investors are watching for news from a meeting today between President Biden, Federal Reserve Chairman Powell and Treasury Secretary Yellen. The Canadian Dollar slipped 0.10 to US78.83 cents following release of Canada's March GDP report at 8:30 AM EDT. Consensus was an increase of 0.8%...Read More
With the aim of rebalancing its portfolio towards metals needed for the world's energy transition, Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) will look to finish building its biggest ever project, the Quebrada Blanca phase 2 (QB2) in Chile, by the end of 2022 and double its copper production. In an interview with The Northern Miner, Teck's COO Red Conger said the project, which had initial...Read More
Holders of cryptocurrencies are reeling after a brutal year-to-date, with a catastrophic April and May serving to remind investors of the dangers in relying upon such ephemeral stores of wealth. The Financial Times estimates that more than US$1 trillion has been wiped from the value of crypto assets in the five months to the end of May. Losers include Vitalik Buterin (creator of the Ethereum b...Read More
This week's episode features Duncan Wood, vice-president for strategy and new initiatives at the Wilson Center in Washington D.C., in conversation with Northern Miner reporter Naimul Karim. Duncan discusses how the United States lags far behind China when it comes to stockpiling natural resources, as well as the recent nationalization of lithium in Mexico and the implications for the industry.All...Read More
Defense Metals (TSXV: DEFN; OTC: DFMTF) has released initial results of the alternative acid-bake process testing mineralized feed from the company's Wicheeda rare earth element (REE) project. This hydrometallurgy program, which started in December 2021 and includes pilot plant operations, is being conducted by SGS Lakefield.Over 20 tests on several concentrate samples have been completed to date,...Read More
South African miner Gold Fields (NYSE: GFI; JSE: GFI) is buying Canada's Yamana Gold (TSX: YRI; NYSE: AUY) in an all-share deal worth US$6.7 billion, which will make it the world's fourth-largest gold producer.Under the terms of the deal, Yamana's shareholders will receive 0.6 of a Gold Field share for each outstanding share in Yamana, representing a 34% premium to its average share price over the...Read More
FPX Nickel is a publicly-traded company in Canada and the USA with a focus on developing a large source of low-cost, low-carbon nickel for electric vehicle b...Read full newsRead More
Challenger Exploration Limited (ASX: CEL) (Read full newsRead More
Times like these, eh? We're all living through them, but they're hard to talk about in a meaningful way.It's easy to use reductive sayings. Anyone commenting on the markets tends to fall back on these pithy aphorisms even though they don't actually offer much guidance."Buy the dip" some say. "Blood in the streets" certainly applies too.Sometimes they're a bit more subjective. It's common to hear t...Read More
Share this articleVANCOUVER - Mako Mining Corp. [MKO-TSXV; MAKOF-OTCQB] reported positive drill results from the San Pablo zone at the Las Conchitas North (LC-N) area of its 100%-owned San Albino/Murra property in Nicaragua. The LC-N area is located approximately 750 metres south of the San Albino gold mine which is currently in commercial production.Initial drilling in 2018 targeted a mineralized...Read More
Is this the summer of destruction?At this point, the only thing that is going to lower oil prices isn't some last-second policy thrown together by the White House. No, regardless of the political promises made to us in Washington, there's no more time left. The last grains of sand in the hourglass fell last weekend when the summer driving season officially kicked off. How bad have things gotten...Read More