(IDEX Online) - Lucara has reported a slump in quarterly revenue and profits, blaming a shortage of the high-value specials that account for most of its income.The Canada-based miner said revenue was down 31 per cent year-on-year from $72.7m to $49m and net profits plunged 86 per cent from $12.8m to $1.8m (all figures are US dollars).It sold 99,301 carats in the three months to 30 September 2022,...Read More
(IDEX Online) - UAE is to chair the Kimberley Process again in 2024.Delegates at a plenary session in Botswana, which currently chairs KP, approved the move last week.Belarus had also applied for the position, according to a Reuters report, at a time when KP faces mounting pressure to consider broadening its definition of conflict diamonds to include Russia Zimbabwe will chair KP...Read More
(IDEX Online) - The price gap between new and used Rolex watches is widening. The company has just announced a second increase this year, of about five per cent, for outlets across Europe. But the most popular used models have seen prices plunge by 21 per cent since peaking in April, according to WatchCharts, which tracks the luxury watch market. Geneva-based Rolex, which produces ar...Read More
(IDEX Online) - Petra Diamonds has halted operations a wall of the tailings dam at its Williamson mine, in Tanzania, was breached. The UK-based miner said there were no confirmed deaths or injuries as a result of flooding from the eastern wall of the facility that stores mining waste. It's less than two months since the tailings dam at Jagersfontein, a former diamond mine in South Africa, was...Read More
PolarX following up promising results at Nevada gold-silver projectSPONSOREDpolarx limitedSaudi to lead mining super regionSPONSOREDsaudi ministry of industry and mineral resourcesAura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy The company said Cristovão Alberto Tonela and Alfredo Francisco Domingos João were fatally injured on Monday, while a...Read More
PolarX following up promising results at Nevada gold-silver projectSPONSOREDpolarx limitedSaudi to lead mining super regionSPONSOREDsaudi ministry of industry and mineral resourcesAura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy Osisko will receive a 0.6% net smelter return interest from SolGold, calculated with reference to net smelter returns from the Casc...Read More
U.S. equity index futures were higher this morning. S&P 500 futures added 7 points in pre-opening trade.Mosaic added $0.08 to $50.00 despite reporting slightly less than consensus third quarter revenues and earnings TakeTwo Interactive plunged $17.95 to $90.45 after reporting less than consensus quarterly revenues due to weaker than expected mobile sales. The company also lowered guidance for...Read More
This week's episode features Boart Longyear president and CEO Jeff Olsen in conversation with Northern Miner Podcast host Adrian Pocobelli. Jeff shares his view of the global mining industry, the impacts of inflation, the parts of the globe in which he sees the most growth, and the future of drilling, including developments in artificial intelligence and real-time on-site data processing.All this...Read More
Magna Mining (TSXV: NICU) says its first resource for its Denison nickel, copper and platinum group metals project in Ontario's Sudbury basin shows "significant potential."Magna is exploring the restart of a past-producing underground mine and the development of an open-pit operation to the site, also known as Crean Hill. As well, Magna owns the advanced-stage Shakespeare, a similar project in the...Read More
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Pan American Silver (TSX: PAAS; NASDAQ: PAAS) are buying fellow Canadian miner Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY) in a US$4.8 billion cash-and-shares transaction.Toronto-based Yamana said on Tuesday it had inked a deal with the two precious metals miners after South Africa's Gold Fields (NYSE: GFI; JSE: GFI) waived on Monday its right to match...Read More
Fission Uranium (TSX: FCU; OTC: FCUUF) has drilled one of the best holes to date at its Patterson Lake South (PLS) project in Saskatchewan's Athabasca basin. Hole PLS21-MET-004, drilled in the Triple R deposit, intersected 34 metres averaging 19.12% uranium oxide, including 26 metres at 24.59% of the radioactive metal.The total composite grade x thickness value is 650.7, as calculated by Fission...Read More
Newcrest Mining (TSX: NCM; ASX: NCM), Australia's largest gold producer, has approved an A$214 million (about US$140 million) expansion of its Telfer gold-copper operations, which include the Main Dome, West Dome open pits and underground mines.The company said the West Dome Stage 8 cutback should start producing ore in the current quarter - its second quarter of fiscal year 2023 - and extend T...Read More
The Canadian Mining Hall of Fame will welcome three new members at a gala dinner and induction ceremony on May 24, 2023 at The Carlu in Toronto. Tickets will go on sale for the event?EUR?in March of?EUR?next year. The Northern Miner is a co-founding member organization of the Canadian Mining Hall of Fame, along with the Canadian Institute of Mining, Metallurgy and Petroleum, The Mining Association...Read More
American Eagle Gold (TSXV: AE) has released assay results from the first hole of its 2022 program on the NAK project located in the Babine copper-gold porphyry district of west-central British Columbia.NAK represents a classic porphyry copper-gold target where the current 5,000-metre drill program is testing the potential for a mineralized footprint greater than 1.5 x 1.5 km that was open and...Read More
Liberty and Finance, Released on 11/8/22Unfortunately there are scams out there in the gold bullion industry. Some companies will push exotic collector coins promising a huge profit, when in reality, the products are being sold sometimes at multiples of the actual buyback value. If you think you may be getting scammed, it is important to get a second opinion on products before finalizing an order....Read More
ITM Trading, Released on 11/8/22Great Britain is the canary in the coal mine, and they are leading the way in what is most likely to happen in advanced economies. And you might say, "well I don't live in Great Britain, so why do I care?" And the reason why you care number one, is because we're all interconnected. So what happens in one part of the world, quite honestly is an indication that could...Read More
Peak Prosperity, Released on 11/8/22To watch PART 2 please visit: https://peak.fan/2nxChristopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collaps...Read More
Dr. Eli David - Twitter, Released on 11/8/22So Covid vaccines may cause myocarditis, but Covid itself causes myocarditis too, right? WRONG!A large-scale Israeli study of 196,992 unvaccinated adults after Covid infection showed that "Covid infection was not associated with either myocarditis or pericarditis." pic.twitter.com/F2yCIFkHEW- Dr. Eli David (@DrEliDavid) November 8, 2022 So Covid vaccines...Read More
Gold, silver and mining stocks’ pricessoared on Friday. Let’s see if the dollar may have had something to do withthis movement.Very little happened in the preciousmetals market yesterday, and what Iwrote and said yesterday remainsup-to-date.I got a request to comment on the USDIndex (and its link withgold), and I’ll be happy to deliver. The Flag PatternIn short, the USD Index rem...Read More
Election Day is here. All eyes will be focused on the election returns. These House, Senate and gubernatorial contests will determine which governing philosophy controls the country for the next two years.It will also lay the foundation for the presidential election in 2024 (that campaign starts the day after the midterm election). Essentially, everything that citizens, investors, and markets care...Read More