RAPAPORT... Lucapa Diamond Company has recovered a 204-carat rough from its Mothae mine in Lesotho, the second-largest high-quality stone it has found at the deposit.The white diamond is the third stone over 200 carats the miner has unearthed since it began commercial operations at the site in 2019, it said Wednesday. It discovered a 215-carat, D-color, type IIa rough in February 2021 and a 220-ca...Read More

IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.Kropz set to fly after false startSPONSOREDkropzPredictive Discovery to forge a golden future in GuineaSPONSOREDpredictive discoveryProduct shipments from the plant had resumed, the firm said.Read More

RAPAPORT... US retail sales grew in April amid holiday spending, increased wages and higher tax refunds.Revenue rose 0.9% from the previous month, versus a 1.4% increase in March, according to data the US Census Bureau released last week. April sales climbed 6% compared with a year earlier."April's retail sales data is encouraging because it shows consumers are taking higher prices in stride and r...Read More

(IDEX Online) - Harrods, the landmark department store for the super-rich, in Knightsbridge, London, will no longer sell expensive jewelry, watches or other luxury goods to Russian customers.It has contacted all customers on its database with a Russian address, warning them they can no longer buy items priced at over ?, ?300 ($370) because of UK sanctions."The UK authorities have introduced furthe...Read More

(IDEX Online) - Indian manufacturers are working short weeks or closing their factories altogether as supplies of Russian diamonds run out.The rough supplied in normal times by Alrosa - mostly smaller stones - accounts for 40 per cent of their needs (by volume), but Surat is now feeling the full force of sanctions and banking restrictions.There will also be an inevitable knock-on effect in the US,...Read More

(IDEX Online) - Lucapa has announced the recovery of a 204-carat diamond at its Mothae mine, in Lesotho.It's the eighth +100 carat diamond, and third +200 carat, to be recovered since commercial mining started there in January 2019.The Australian miner owns 70 per cent of the kimberlite mine, the remainder belongs to the Government of the Kingdom of Lesotho.Mothae is the world's highest...Read More

(IDEX Online) - De Beers today announced 4th cycle rough sales of $604m, a year-on-year increase of 56 per cent.The UK-based miner said demand remained strong, but faced possible threats from Covid lockdowns in China, and sanctions on Russia for its invasion of Ukraine.It was De Beers' second full sales cycle since the US and EU sanctioned Alrosa, part-owned by the Russian government, and its...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 28 points in pre-opening trade.Equity index futures were virtually unchanged following release of U.S. April Housing Starts at 8:30 AM EDT. Consensus was a slip to 1.783 million units from 1.793 million units in March. Actual was a drop to 1.72 million units.The Canadian Dollar was virtually unchanged at US78.04 cents...Read More

I don't believe many people grasp the enormity of the global food crisis we'll be facing in the months ahead. But the world could be on the verge of a massive humanitarian crisis. Let's dive in...The supply chain collapse preceded the war in Ukraine, but the war has only intensified the problems. You can see it with your own eyes when you walk into a supermarket and find long stretches of empty sh...Read More

Banyan Gold (TSXV: BYN) has delivered a mineral resource update on its flagship AurMac property nestled in an emerging mining district of the Yukon between Alexco Resource Corp's (TSX: AXU) Keno Hill mine and Victoria Gold's (TSX: VGCX) Eagle gold mine.CEO Tara Christie tells The Northern Miner on the Vancouver Resource Investment Conference (VRIC) sidelines that the project is living up to expect...Read More

TDG Gold (TSXV: TDG) has published an initial resource estimate for the former producing Shasta gold-silver mine in north-central B.C. following the conclusion of its 2021 drill program, which confirmed the historic drilling results on the property since 1983. The resource amounted to 22 million tonnes averaging 0.79 g/t gold and 26.7 g/t silver in the inferred category.The resource is restricted...Read More

Trevali Mining (TSX: TV) said the eight missing miners, for whom rescuers have been searching since the company's Perkoa mine in Burkina Faso was hit by flash floods last month, have failed to reach the mine's refuge chamber situated more than 500 metres below the surface. "This is devastating news," the company's CEO Ricus Grimbeek said in a press release on May 17. "We would like to offer our...Read More

BHP's (NYSE: BHP; ASX: BHP) chief executive Mike Henry wants to gear up on the company's US$5.7 billion Jansen potash project in Canada as Russia's invasion of Ukraine has caused major disruptions to global fertilizer supplies.The ongoing war in Ukraine has left the world not only short of important grains but also fertilizers since neighbours Russia and Belarus account for almost 40% of global pr...Read More

Here's a list of countries that have banned food exports in the months after the Russia-Ukraine war started, according to the International Food Policy Research Institute.Read full newsRead More

In my line of work, we tend to fixate on numbers, line charts, and tables.So much so that it often distracts from the life around us. That's made this past week pretty difficult. Stocks have been getting hammered, and crypto is taking it even harder. But last night, when I got off work, I went axe-throwing. I'm in a league and it was the playoffs. (This is a real thing, I swear.) I lost, but i...Read More

The revised credit facility also includes "sustainability-linked metrics".Read More

ESG.It means environmental, social, and corporate governance, and it's something we've been using to identify companies that are incorporating such things into their operations.This, of course, is something I've been covering since before "ESG" even became a thing, ultimately becoming hijacked by corporate bullies with Ivy League degrees and those so far to the left they'll attempt to shut do...Read More

Joe Biden's follower count on Twitter is about as reliable as Chinese drywall.And we now have the numbers to prove it.Following a Twitter spam audit, software firm SparkToro found that nearly 50% of Biden's total Twitter following consists of spam or fake Twitter accounts.In other words, of the 22 million followers on the president's account, only about 11 million are real.Now, I'm not sharing thi...Read More

Kitco News, Released on 5/19/22The U.S. Federal Reserve is to blame for inflation and rising housing prices, said Danielle DiMartino Booth, CEO of Quill Intelligence, who said that 2023 is the year a housing crash could start. Speaking to Michelle Makori, Editor-in-Chief of Kitco News at the Vancouver Resource Investment Conference, Booth, a former Fed insider, suggested that Powell could have tac...Read More

Liberty and Finance, Released on 5/19/22"This is a bear market. Inflation is destroying the profit margins of corporations," says David Kranzler of Investment Research Dynamics, "[stocks are] going to get a lot cheaper." He sees the real estate market has topped out as well. He expects investors will be much better off holding mining stocks and physical precious metals than traditional financial a...Read More