Look beyond market approach to project valuations: van ZylLeadershipNorth Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSORED In what looks like a modern-day version of Rudyard Kipling's famous warning that "East is East, and West is West, and never the twain sh...Read More
"This has been a milestone quarter for the company, generating a net profit of over US$6 million for the period.Read More
The Department of Energy (DOE) is requesting feedback by October 14 on how federal investments can accelerate the collection, transportation, processing, and recycling of batteries and scrapRead More
RAPAPORT... Michael Hill reported record sales in fiscal 2022, driven by strong growth in Canada as strategic moves helped the company offset coronavirus-related challenges.The retail jeweler saw revenue rise 7% to AUD 595.2 million ($411.5 million) for the year ending June 26, while net profit grew 14% to AUD 46.7 million ($32.3 million). Digital sales reached AUD 42 million ($28.8 million),...Read More
RAPAPORT... India's diamond industry should pivot toward more expensive stones, said Vipul Shah on Tuesday, following his appointment as chairman of the country's Gem & Jewellery Export Promotion Council (GJEPC).Shah - who had been serving as the trade body's vice chairman, as well as CEO of diamond manufacturer Asian Star - will take over in September for a two-year term, the GJEPC annou...Read More
RAPAPORT... California-based retailer Brilliant Earth has expanded its US brick-and-mortar reach with two showrooms in the midwest, which will carry its latest collection of traceable jewelry. The opening of the locations in Detroit, Michigan, and St. Louis, Missouri, comes as the jeweler debuts its Truly Brilliant line. The new collection includes both natural and lab-grown diamonds - the fo...Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDSun shines on Saturn MetalsSPONSOREDsaturn metalsA report in the Wall Street Journal said the development could occur despite concern about the environmental impact of deep-sea mining.Read More
(IDEX Online) - The Dubai Diamond Exchange (DDE) has reported a record $19.8bn of trade in the first half of 2022. In February it claimed it had overtaken Antwerp as the top trading hub globally for rough diamonds - over $22.8bn in 2021. And its H1 2022 figures for polished trade show a year-on-year rise of over 52 per cent, to $6.7bn. The most up-to-date figures from Antwerp, with...Read More
(IDEX Online) - Security firm Brink's is locked in a legal battle with victims of what has been described as one of the biggest gem heists in US history. Brink's insist the total insured value is $8.7m But 13 "mom and pop" jewelers who had their stock plundered in July, say the actual value is closer to $100m.Thieves stole 22 bags of jewelry from a tractor-trailer while two gu...Read More
(IDEX Online) - Canadian rapper Drake has splashed out on an "all-diamond" ring, set with a dozen huge VVS-clarity oval gems all the way round, an even bigger center stone.The Grammy-winning artist, aged 35, has a fortune estimated at over $200m.He commissioned the so-called Godfather Ring, a tribute to Marlon Brando's character in the 1972 movie, from New York jeweler Alex Moss.It is m...Read More
(IDEX Online) - Police have arrested a suspect following the theft of jewelry worth almost $500,000 from Macy's. He was allegedly caught on security video pawning an item from the raid at the Macy's department store at Oak Court Mall, Memphis, Tennessee, USA. Rashad Bonds, 30, is accused of theft of property worth between $60,000 and $250,000, according to WREG-TV . Police say five...Read More
The company said lower grade at its Chuquicamata underground mine caused by geomechanical and material handling problems, and lower plant availability also contributed to the decline.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 26 points in pre-opening trade. Best Buy added $1.99 to $75.69 after reporting higher than consensus second quarter earnings.Twitter slipped $0.37 to $39.67 after Elon Musk issued a letter to terminate his takeover offer.Big Lots added $0.49 to $22.04 after reporting higher than consensus second quarter earnings.Bank o...Read More
The Ukrainian money-laundering racket continues. Last week Joe Biden pledged another $3 billion in aid to Ukraine. The aid includes weapon systems that will allow Ukraine to defend itself over the "long term."Just how long is the long term? How long does the administration plan on watching Ukraine be destroyed simply because they want to weaken Russia?By now, it's a familiar script. Ukraine says,...Read More
This week's episode features geopolitical and natural resource commentator Paul from the Sirius Report in conversation with host Adrian Pocobelli. Paul discusses the increasing vulnerability of European nations to energy shortages, as well as the ongoing development of precious metals exchanges around the world, and the challenges Western companies could face competing with higher energy and lab...Read More
As it pushes toward completing a feasibility study by year-end for its high-grade Windfall gold deposit in Eeyou Istchee James Bay, Que., Osisko Mining (TSX: OSK) has released an updated resource outlining a total of 7.4 million ounces. The updated resource is based on nearly 1.9 million metres of drilling. In the measured and indicated category, Windfall now contains 4.1 million oz. in 11.1 mill...Read More
While rising interest rates have weighed on the gold price since it hit its most recent peak of over US$2,050 per oz. in March, exploration for the yellow metal is still running hot. Below are the top 10 best gold drill results for listed companies for the year to date and are ranked by gold grade x width, as identified by our sister company Mining Intelligence. Best gold drill results YTD.1 KIEN...Read More
Southern Silver Exploration (TSXV: SSV) has released a preliminary economic assessment (PEA) for its 100%-owned Cerro Las Minitas silver project about 70 km northeast in Durango state, Mexico. The PEA puts gross revenues over 15 years of mining at US$3.7 billion.With an initial capital requirement of US$341 million for a large-scale, underground mine, the study puts the after-tax net present value...Read More
New Found Gold (TSXV: NFG; NYSEA: NFGC) announced plans last week to launch an at-the-market equity offering to raise up to $130 million for exploration at two, wholly owned gold projects in Newfoundland.The company has a 400,000-metre drill program underway at the Queensway project 15 km west of Gander, N.L. It also anticipates updating the resource estimate at Lucky Strike east of Kirkland Lake,...Read More
Japan's Honda Motor and South Korean battery maker LG Energy Solution plan to invest US$4.4 billion to build a new battery production plant for electric vehicles in the U.S.The news comes on the heels of a string of recent announcements that aim at cutting China out of supply chains for EVs.It also marks the latest plans by automakers to invest in U.S. production of battery cells for EVs, as the i...Read More