The company produced 117,452oz of gold in the quarter, some 44.2% less than the 210,432oz produced in the December 2021 quartet.Read More

IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixOreCorp prepares to deliver Tanzania's next big gold mineSPONSOREDorecorpArrow Minerals on the gold discovery path in West AfricaSPONSOREDarrow mineralsBlackEarth Minerals boosts graphite asset in MadagascarSPONSOREDblackearth mineralsThe company produced 121,665 ounces of gold at an all-in sustaining cost (AISC) of $696/oz, ending...Read More

IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixOreCorp prepares to deliver Tanzania's next big gold mineSPONSOREDorecorpArrow Minerals on the gold discovery path in West AfricaSPONSOREDarrow mineralsBlackEarth Minerals boosts graphite asset in MadagascarSPONSOREDblackearth mineralsThis was a 20.4% fall in net earnings compared with the $538 million achieved in the prior year pe...Read More

News: Diamond market split. Suppliers to large US jewelers doing well but dealer trading cautious following recent price declines. 1 ct. RAPI -3.2% in April. Cutters and dealers with US clients separating Russian supply to meet American obligations. China slow. Rough demand weaker despite removal of Russian goods from market. Alrosa postpones sales and will sell to Russia's Gokhran to raise liqui...Read More

RAPAPORT... Pandora saw record revenue in the first quarter amid strong Valentine's Day sales and the reacquisition of franchised stores.Revenue rose 21% year on year on an organic basis - a similar metric to comparable-store sales - for a total of DKK 5.7 billion ($804.3 million) in the period that ended March 31, the Danish jeweler said Wednesday. Sales for the Valentine's Day holiday increased...Read More

RAPAPORT... The Indian diamond industry is mourning the death of Sanjay Shah, a partner at manufacturer KBS Group and a former official for the country's Gem and Jewellery Export Promotion Council (GJEPC). Shah was a convener of the GJEPC's diamond panel committee, which handles matters related to the diamond trade, the council said in a LinkedIn post this week. He was also an active mem...Read More

(IDEX Online) - A tiara with over 100 carats of diamonds that belonged to one of Britain's most extravagant aristocrats is being offered for sale.Henry Paget, 5th Marquess of Anglesey (1875 - 1905) squandered an inheritance from his father worth $75m in today's money, including family estates in Staffordshire, Dorset, Anglesey and Derbyshire.He blew the lot in five years, on outrageous c...Read More

(IDEX Online) - Two men involved in a $1m-plus series of organized jewelry raids across California, USA, have been jailed for 16 months.They broke into JCPenney and Sam's Club stores (retail warehouse clubs owned by Walmart) in nine counties throughout the state between September 2020 and February 2021Defendants Anton Salaam and Marion Paul Tilley both pleaded guilty to a violation of organiz...Read More

Hole 43 caused a stir among some NGO's and the anti-mining lobby in the region, with claims that the company should not have been drilling, which we will dig into later in this article.Read More

IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixOreCorp prepares to deliver Tanzania's next big gold mineSPONSOREDorecorpArrow Minerals on the gold discovery path in West AfricaSPONSOREDarrow mineralsBlackEarth Minerals boosts graphite asset in MadagascarSPONSOREDblackearth mineralsUS Senator Martin Heinrich, a member of the Senate Energy and Natural Resources Committee, has int...Read More

The expected interest rate increase by the Federal Open Market Committee will be the largest since 2000.Read More

The company expects that Kamoa Copper will become the world's third-largest copper mining complex after the phase 3 expansion with annualized copper production capacity of about 600,000 tonnes perRead More

U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in pre-opening trade. Index futures were virtually unchanged following release of the March Trade Deficit at 8:30 AM EDT. Consensus was $106.7 billion versus $89.20 billion in February. Actual was $109.8 billionThe Canadian Dollar was virtually unchanged at US78.04 cents following release of Canada's March Me...Read More

Analysts and authors, myself included, have been warning about the collapse of the dollar as the global reserve currency for years. I described this prospect in my first book, Currency Wars (2011), and in several other books in the years since.This process can take many years. For example, the decline of sterling as the leading global reserve currency played out over 30 years from 1914 (the beginn...Read More

"If we get a recession in 2022 or 2023," The Wall Street Journal informs us, "it'll be a mild one."Just so. And if RMS Titanic strikes a North Atlantic berg en route to New York... it will only be a tiny one.The United States Department of Commerce reports that first-quarter gross domestic product contracted 1.4%.The shrinking was "unexpected" - at least by the experts among us. A Dow Jones survey...Read More

There are days when you just want to shout: Thank goodness for the market!It seems like one of the few institutions remaining that actually tells the truth in a world of lies. It checks governments, ideologues, central banks, preening elites and delusional intellectuals and finally tells the world what is true.The message is not always obvious and clear but the trajectory is. It's about all we hav...Read More

It seems that more and more commentators and political figures are calling for an increased U.S. role in Ukraine, even the deployment of ground troops.For example, Sen. Chris Coons of Delaware recently argued, "We in Congress and the administration [must] come to a common position about when we are willing to go the next step and to send not just arms but troops to the aid in defense of Ukraine.&#...Read More

The latest estimate of U.S. GDP growth for the first quarter of 2022 from the Federal Reserve Bank of Atlanta is 1.3% (annualized). That's a notably weak reading and it comes just days before the final number is published by the Commerce Department.It's true that the first quarter is behind us, but the first quarter was relatively unaffected by the war in Ukraine, which began Feb. 24. The impact o...Read More

Did you catch the absolute frenzy about Elon Musk's proposed takeover of Twitter? Employees at Twitter were falling on their fainting couches repeatedly.The Washington Post warned of the grave danger to democracy.Now think about this. This is a highly censored platform. They ban you for raising questions about vaccines. You are dinged for wondering a bit about Zelenskyy's war drums. They body-bag...Read More

How long will today's inflation last? Deficits are the obvious place to begin with. The best way to consider debt is the debt-to-GDP ratio; you put the debt in the context of the gross income needed to service the debt.The best estimate for annual U.S. GDP as of Dec. 31, 2021, is $24 trillion. The result is a U.S. debt-to-GDP ratio of 125% ($30T ?? $24T = 1.25). Another estimate puts the ratio at...Read More