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
Arizona Sonoran prepares for lift-off at CactusSPONSOREDarizona sonoran copper company inc.Avino Silver & Gold looks to triple production by adding assetsSPONSOREDavino silver & gold mines ltd Video Series: Mining Journal speaks with Peter BryantSPONSOREDsaudi ministry of industry and mineral resources"Recently, all production lines of the Huayou Cobalt's Arcadia lithium mine project have...Read More
The issue saw Advanced Metallurgical Group (AMG) subscriving for 124 million newly issued shares of Zinnwald Lithium at a 10% premium to share prices in the run up to the deal.Read More
Video Series: Mining Journal speaks with Peter BryantSPONSOREDsaudi ministry of industry and mineral resourcesAvino Silver & Gold looks to triple production by adding assetsSPONSOREDavino silver & gold mines ltd Arizona Sonoran prepares for lift-off at CactusSPONSOREDarizona sonoran copper company inc.Moving downstream has become a prominent theme among miners eyeing a historically unusual...Read More
(IDEX Online) - HRD Antwerp says it has launched a legal action in the Belgian courts against its former partners in Turkey, alleging they damaged its business reputation.It jointly launched the HRD Istanbul branch with Enstitu Istanbul Bilim Akademisi Yonetim Dan?,, ??...?,manl?,, ?g?,, ? A.S. in 2014 until it terminated the arrangement in October 2021.Ellen Joncheere, CEO of HRD Antwerp, (pictur...Read More
(IDEX Online) - Brilliant Earth, the US-based "ethical jeweler", reported a slight drop in sales for Q4 2022, down 1.9 per cent to $119.6m.The total number of orders placed by consumers fell by 13.7 per cent, but the average value of those orders rose, also by 13.7 per cent, the company said in its Fourth Quarter and Fiscal Year 2022 Results.Gross profit for the quarter was $65.4m (a 54.7 per cent...Read More
(IDEX Online) - Gem Diamonds delivered a "solid" set of results in 2022, despite increased costs as a result of Russia's invasion of Ukraine.The UK-based miner saw revenue fall by just over six per cent to $188.9m and underlying earnings (EBITDA) down 24 per cent to $43.7m. Profits fell 46 per cent to $20.2m.Gem's Letseng mine in Lesotho, the highest average dollar per carat kimberlite d...Read More
Codelco will use Waybridge to digitise its global refined copper business, which the company said would "lead the industry towards more efficient, reliable, and sustainable trading".Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points at 8:30 AM EDT.KB Homes advanced $1.00 to $37.80 after reporting higher than consensus fiscal first quarter revenues and earnings. Steelcase added $0.42 to $7.60 after reporting higher than consensus quarterly earnings. The company also offered positive guidance. Darden Restaurants gained $2.05 to $153.10 aft...Read More
Twentieth-century British philosopher Bertrand Russell once gave a public lecture on astronomy.An attendee - supposedly - claimed that Earth was not situated in space, as this Russell fellow argued...This attendee claimed instead that Earth rested upon the back of a monstrous turtle.Russell asked this individual what particular solidity the turtle was standing upon, what structure held it up.The a...Read More
Good Thursday morning to you!I've been putting off writing about the demise of my old bank, Credit Suisse. I didn't write about it in the Rude all week because I didn't have the energy to do it justice.But since this Morning Reckoning gives me a bit more latitude, I'll tackle the subject here.If you read the Rude, you know I spent over 11 years of my life over two stints working for Credit Suisse....Read More
The market's in a highly unstable state right now. These violent swings show the inadequacy of the standard models that the Fed and other mainstream analysts use.The Fed assumes so many things about markets that are simply false, like that markets are always efficient, for example. They're not. Under volatile conditions like these they gap up and down - they don't move in rational, predictable inc...Read More
Like an expecting father pacing the ward... markets were pacing the trading floors today.Rate hike or no rate hike? Would the bank wobbles back the Federal Reserve into inaction? Would the cigars go passing around - or not?Word came issuing at 2 p.m. Eastern. A 0.25% hike it was.Thus the federal funds rate dangles between 4.75-5%… its highest point since 2007.What are we to make of today's i...Read More
A new report by market analyst Wood Mackenzie argues that steel, aluminium, and copper stand to benefit most from an uptick in China's gross domestic product growth this year.WoodMac suggests that if China's economy grows at the expected base case of 5.5% in 2023, the recovery will remain domestically contained with minimal global impact.However, due to the industry-intensive nature of the high-ca...Read More
Patriot Battery Metals (TSXV: PMET; ASX: PMT; US-OTC: PMETF) said it has extended the main spodumene deposit on its Corvette project in Quebec by half a kilometre, sending its stock higher. The Vancouver-based explorer's 20,000-metre winter drilling campaign at the project about 300 km east of James Bay has lengthened the CV5 deposit strike another 550 metres to 3.15 km, it said on Thursday. As...Read More
Northern Miner staff reporter Colin McClelland recently spoke with Jonathan Lafontaine, mining exploration activity monitor with Quebec's Ministry of Energy and Natural Resources at PDAC 2023 in Toronto. Quebec has one of the most diverse commodity bases in the world, from precious metals, including gold, to bulks like high-grade iron ore and critical metals such as nickel, copper, and lithium. Th...Read More
Northern Miner staff writer Colin McClelland recently caught up with Maple Gold Mines (TSXV: MGM; US-OTC: MGMLF) CEO Matthew Hornor at PDAC 2023 in Toronto. Maple recently announced assays from the past-producing Eagle mine at its Joutel project in Quebec were the strongest yet and showed a wider mineralized corridor than previously thought. Maple holds the adjacent Douay project in a 50:50 joint...Read More
High-grade drill results extending the mineralization at Troilus Gold's (TSX: TLG; US-OTC: CHXMF) main project to revive a gold and copper mine in Quebec will probably increase its profitability, an analyst said. Troilus shares rose. The assays add 150 metres to the project's X22 zone for a total strike length of 1 km, which remains open to the southwest and at depth, Troilus said on Thursday....Read More
NextSource Materials (TSX: NEXT; US-OTC: NSRCF) is one step closer to producer status now that it's started commissioning of its Molo graphite mine in Madagascar.Molo mine will initially produce around 17,000 tonnes of flake graphite concentrate per year. An expansion, which could elevate Molo's annual graphite production to 150,000 tonnes, is also planned for year three of production."Commissioni...Read More
Chile's top steel producer CAP is developing a green hydrogen pilot plant to decarbonize steel production at its unit in the south-central Talcahuano city, located about 500 km from capital Santiago.The company's steelmaking division aims to substitute coal used in its blast furnaces with less polluting fuels, including hydrogen, a clean, combustible gas often dubbed the "fuel of the future."Curre...Read More
Precious metals miner Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) said Thursday that it will provide up to $A30 million (about US$20 million) to its takeover target Australia's New Century Resources (ASX: NCZ), subject to certain conditions.The financial support comes as record levels of rainfall in North Queensland, Australia, resulted in flooding at the Century zinc mine and Karumba port facility...Read More