Kainantu Resources' properties surround K92's mine, a massive project with a 4.8 million ounce gold resource in Papua New Guinea. The deal opens the door for large miner Harmony Gold to take a strategic position in the explorer.Kainantu Resources Ltd. (KRL:TSX.V; 6J0:FSE) just announced that is entering into a definitive agreement to acquire the Kili Teke gold-copper project in Papua New Guinea fr...Read More
This junior explorer with mining projects in Papua New Guinea's stock is in a steady uptrend that is in its early stages, analyst Clive Maund says.While the general public have been trained to believe that they need a booster shot of "vaccine" every few months in order to "remain current," we understand that there are times in life when a booster is appropriate, as for example when a stock is in a...Read More
Technical analyst Clive Maund charts White Gold and explains why the bullish volume on this junior suggests it will probably reverse to the upside soon.Although the consolidation pattern in White Gold Corp. (WGO:TSX.V; WHGOF:OTCQX; 29W:FRA) has dragged on for longer than we expected and it is a shade lower than when we last went for it early in February, the technical condition of the stock has i...Read More
In this update, Clive Maund explains why he thinks this stock is attractive with its world-class Wicheeda deposit.The Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) Wicheeda project in British Columbia is set to supply about 10% of the world's Rare Earth needs, and with their use in electric vehicles and increased demand for the defense (war) industry arising from the war in Europe, dema...Read More
Look beyond market approach to project valuations: van ZylLeadershipWest Africa an improved opportunitySPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldThe placement, priced at 13c per share, with one 18c option per two shares expiring in 2025 also offered, comes just two m...Read More
The firm has also amended its US$50 million senior secured term loan facility to gain financial flexibility in addition to its main owner's funding which will be in the form of a new US$15 millionRead More
The mine - which supplies Sumitomo Corporation in Japan - produced a record 9.1 million pounds of payable copper in the first quarter of this year, up 70.7% from 5.3 million pounds year-on year.Read More
RAPAPORT PRESS RELEASE, April 6, 2022, Las Vegas ... The Rapaport Group of Companies has suspended all activity with all Russian and Belarusian companies. This includes Rapaport Information Services, RapNet Trading Network, Auctions, Brokerage and Quality Control services for both sanctioned and unsanctioned companies.RapNet - the world's largest diamond trading network, with daily listings of 1.7...Read More
RAPAPORT... Kering has withdrawn its brands from the Responsible Jewellery Council (RJC) in protest at the organization's handling of the Russia crisis.Jewelry labels Boucheron, Pomellato and Qeelin have left the organization, as has Gucci, a spokesperson for Pomellato said Tuesday in an email to Rapaport News. Giorgio Bodei, Pomellato's director of production and planning, has resigned from...Read More
RAPAPORT... The board of the Responsible Jewellery Council (RJC) has named vice chairman John Hall as interim executive director following the resignation of Iris Van der Veken.Van der Veken quit last month over the standards group's handling of the Russia crisis.Hall is a founding board member of the RJC, the organization said Tuesday in an email to members. He is also a former general manag...Read More
West Africa an improved opportunitySPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining The audit by the tax authority Canada Revenue Agency (CRA) covered the firm's filings for tax years 2012-...Read More
RAPAPORT... Following the shakeup at the Responsible Jewellery Council (RJC), which saw several brands and its executive director, Iris Van der Veken, leave the organization, the Rapaport team discusses the implications of the bombshell moves. Also in this action-packed episode of the Rapaport Diamond Podcast, Senior Analyst Avi Krawitz, Editor in Chief Sonia Esther Soltani and Rapaport's new...Read More
(IDEX Online) - US President Joe Biden is under pressure from a group of congressmen to impose effective sanctions on Russian diamonds.Lawmakers say current restrictions, announced on 11 March, will have a negligible effect because they only prohibit the importation of rough diamonds, not gems that have been cut and polished outside Russia.They urge the Biden administration to close the loophole t...Read More
(IDEX Online) - The Responsible Jewellery Council (RJC) has suffered further backlash over its refusal to cut ties with Russia. Kering, French owner of Boucheron (pictured), Gucci, Alexander McQueen and Yves Saint Laurent, has left the the London-based watchdog over its "inability to face the current situation in Europe" in a manner consistent with its values.Bulgari's jewelry boss Mauro...Read More
(IDEX Online) - The Moscow Diamond Bourse (MDB) has suspended its membership of the World Federation of Diamond Bourses (WFDB) in response to Russia's invasion of Ukraine.Trading at the bourse ceased on 7 March, two weeks after troops entered the country."We look forward to see the end of hostilities and hope that we all will be able to return to normal in the future," MDB president Alex Popo...Read More
West Africa an improved opportunitySPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining Modern life is fundamentally dependent on the metals, energy and chemicals that the natural resources sec...Read More
Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mixed on the morning of Wednesday April 6, with the strong dollar - which is at its highest level since May 2020 - likely to be a strong headwind.* Services purchasing managers indices (PMI) in Europe and the US continued to generally show strong expansions, while those in China sank* Hawkish talk from the US F...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 40 points in pre-opening trade. Jet Blue dropped $0.51 to $13.13 after Raymond James downgraded the stock from Outperform to Market Perform.Tilray gained $0.13 to $7.16 after reporting higher than consensus fiscal third quarter revenues and earnings. Archer Daniels Midland advanced $0.52 to $91.42 after Stifel Nicolau...Read More
A judge of the Federal District of Alaska is expected to render a decision soon in a dispute regarding the development of a 340-km, east-west-running controlled industrial access road that would provide access to the Ambler Mining District in northwestern Alaska.In its first-quarter financial report released on Wednesday, Trilogy Metals (TSX: TMQ; NYSE American: TMQ) revealed that the U.S. Departm...Read More
Mining giant Vale (NYSE: VALE) has signed an agreement with the government of the northern Brazilian state of Par?? to build a "green" pig iron plant in the city of Marab??, near its Caraj??s iron ore mine.The plant will use technology developed by Vale's wholly-owned subsidiary Tecnored, which reduces the carbon footprint of traditional steelmaking production processes. This marks the first use i...Read More