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
Barry Dawes of Martin Place Securities shares his thoughts on Tolu Minerals and its upcoming plans for 2024.Tolu Minerals Ltd. (TOK :ASX) has provided details on near-mine exploration targets.Tolukuma is a major epithermal gold mineralization region. Strong vein continuity here indicates that the gold endowment of epithermal veins is around 100koz/100m strike.Tolukuma Structure has 2000m of vein e...Read More
While Wesdome Gold Mines announced high-grade drill results, Echelon analyst Ryan Walker still rates it as a Hold. Read on to see why.Toronto-based Wesdome Gold Mines Ltd. (WDO:TSX) announced additional high-grade drill results from its 100%-owned Eagle River underground gold mine complex in Wawa, Ontario, reported Echelon analyst Ryan Walker in a December 12 research note.The latest assays are fr...Read More
Stillwater Critical Minerals has announced that it has found a new system of mineralization on its Stillwater West property. Read on the see why analysts like this company's stock.Stillwater Critical Minerals Corp. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE) has announced in a press release that it has an update related to its drilling program on the Stillwater West property. The property is located in Mon...Read More
According to analysts, the gold market looks ready to hit record prices again in 2024. Read on to see which companies seem ready for the new gold market.If analysts are to be believed, 2024 may be a golden year for investors. A number of factors, including conflict in the Middle East, uncertainty regarding the U.S. Federal Reserve and the value of the American dollar, and even cryptocurrency, are...Read More
Global Analyst Adrian Day reviews news from three of the companies on his list and answers some reader questions.Midland Exploration Inc. (MD:TSX.V) announced that it had discovered high-grade copper-gold showings on its joint venture project with SOQUEM in the Labrador Trough region. The two companies have agreed on a $1 million budget for 2024, split evenly, with the program focusing on improvin...Read More
(IDEX Online) - India's voluntary two-month ban on rough purchases saw a dramatic reduction in imports during November, down 69 per cent from $1.02bn in October to $314m, according to new figures from the GJEPC (Gem and Jewellery Export Promotion Council). The moratorium ended on 15 December and is seen as a major reason for the recent uptick in diamond prices.IDEX's Polished...Read More
(IDEX Online) - Three people died and two were injured after a release of methane gas at Russia's biggest diamond mine.A criminal investigation is taking place into a possible violation of safety rules at Alrosa's Udachny deposit, in the Daldyn-Alakit kimberlite field, Yakutia.A commission led by a representative of Rostekhnadzor, Russia's Federal Service for Environmental, Technolo...Read More
(IDEX Online) - Anglo American, parent company of loss-making De Beers, is being tipped as a takeover or merger target after its valuation dropped by over $30bn in under two years. Both the diamond and platinum markets have been in decline of late, and on Friday (8 December) Anglo announced it had drastically cut production forecasts for copper and had revised down predictions for other metal...Read More
(IDEX Online) - The Diamond Worker Union Gujarat (DWUG) claims over half the state's 2.5m diamond workers are being denied minimum wage benefits guaranteed by labor laws. It is threatening a major protest unless its demands are met before Prime Minister Narendra Modi officially opens the new Surat Diamond Bourse (SDB) on Sunday 17 December.The DWUG claims wages have been cut by as much a...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points at 8:35 AM EST.Index futures were unchanged following release of the November Producer Price Index at 8:30 AM EST. Consensus was an increase of 0.1% versus a decline of 0.5% in October. Actual was unchanged. On a year-over-year basis, consensus was an increase of 1.0% versus a gain of 1.3% in October. Actual w...Read More
Your editor is an American patriot. Through his veins courses the reddest blood.And under red, white and blue... his heart beats true.He cherishes American democracy in its high pristinity.Thus he tumbles into the deepest deeps of despair today.For he has learned that 21% of American voters flouted election law in 2020's presidential election.Rasmussen is his source. It conducted a recent poll of...Read More
Stillwater Critical Minerals has announced that it has found a new system of mineralization on its Stillwater West property. Read on the see why analysts like this company's stock.Stillwater Critical Minerals Corp. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE) has announced in a press release that it has an update related to its drilling program on the Stillwater West property. The property is located in Mon...Read More
(IDEX Online) - Bucherer, the Swiss watch retailer, is to sell Rahaminov diamonds online and in its US stores.The move comes after Rolex acquired the Lucerne-based family business, with its 100 outlets, from 87-year-old chairman Jorg G. Bucherer in September.Rahaminov, known for diamond cutting, sales and trading was founded in Italy in the 1940s by the Rahaminov brothers, who were diamond cutters...Read More
(IDEX Online) - Alrosa has reported a 7 per cent drop in net profit during the first nine months of 2023, down to $975m (RUB 87.9bn).Russia's state-controlled miner said Q3 revenue was $871m (RUB78.5bn), down 7 per cent on the Q2 revenue of $936m (RUB 92.51bn) previously reported. But it was up 55 per cent on revenue for Q3 2022.Alrosa halted rough sales during September and October in a move...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:35 AM EST.Index futures were unchanged following release of November Retail Sales at 8:30 AM EST. Consensus called for a decline of 0.1% versus a decline of 0.1% in October. Actual was an increase of 0.3%. Excluding auto sales, consensus called for a decline of 0.1% versus a gain of 0.1% in October. Actu...Read More
"While participants do not view it as likely to be appropriate to raise interest rates further, neither do they want to take the possibility off the table."Thus Mr. Powell issued his wink and his nod to Wall Street yesterday.His statement followed the December confabulation of the Federal Reserve's Open Market Committee so-called.Wall Street heard only the first component of his statement. Stock...Read More
Kevin MacLean is the best gold stock investor in the history of Canadian long-only funds. In this interview, he reveals pro junior ...Read More
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