RAPAPORT... Lucara Diamond Corp.'s sales dropped in the third quarter as the company supplied fewer large and expensive stones from its lucrative Karowe mine in Botswana.Revenue fell 31% year on year to $49.9 million, while net profit slumped 86% to $1.8 million, Lucara reported Wednesday.Sales of rough from Karowe declined 36% to $46.5 million, with volume down 15% at 99,301 carats and the a...Read More
RAPAPORT... Revenue at Gem Diamonds rose 20% year on year to $56.6 million in the third quarter, reflecting solid pricing and an increase in sales of high-value stones."Tenders in Antwerp, together with a Dubai tender viewing in September 2022, were well attended and contributed positively to the prices achieved during the period," the operator of the lucrative Let??eng mine in Lesotho said W...Read More
(IDEX Online) - Debswana's rough diamond sales rose by 37.5 per cent in the first nine months of this year, according to the Bank of Botswana. The 50-50 partnership between De Beers and the Botswana government sold $3.578 billion, an increase from $2.602 billion, as demand remained steady.Diamond revenue accounts for a fifth of Botswana's GDP and 70 per cent of its foreign revenue.T...Read More
(IDEX Online) - A colossal emerald cluster, weighing 187,775 carats (37,555-grams) is to be sold later this month by Gemfields.The UK-based miner says the so-called Kafubu Cluster could well be the most expensive single emerald piece it has ever sold.It was discovered at the Kagem emerald mine in Lufwanyama, Zambia, in March 2020. Gemfields has a 75 per cent stake in the mine and the Zambian gover...Read More
(IDEX Online) - The Kimberley Process is expected to go ahead with discussions on re-defining conflict diamonds for the first time since it was founded almost 20 years ago."We were unable to reach consensus in the previous Review and Reform cycle about how it may be possible to reference violations of human rights in the conflict diamonds definition," the WDC president Edward Asscher said on Tuesd...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 26 at 7:30 AM EDT.Responses in currency markets to the Federal Reserve's decision released yesterday are continuing this morning. The U.S. Dollar Index has strengthened relative to all developed world currencies. The Canadian Dollar is down another 0.27 to US72.54 cents.The Canadian government is scheduled to release...Read More
Canada's number-one gold producer Barrick Gold (TSX: ABX; NYSE: GOLD) has reported a sharp drop in third-quarter earnings as lower production and higher costs weighed on its September-quarter financial results.The Toronto-headquartered major reported headline earnings of US$224 million in the September quarter, compared with $419 million in the previous and corresponding quarters. Adjusted net ear...Read More
Lithium Americas (TSX: LAC; NYSE: LAC) plans to separate its North American and Argentine businesses into two independent public companies by the end of the year, it said on Thursday.The new Lithium Americas company will own the Thacker Pass lithium project in Nevada and investments in Green Technology Metals (ASX: GT1) and Ascend Elements, according to a company statement. Lithium Americas' presi...Read More
AbraSilver Resource (TSXV: ABRA) has updated a September 2021 resource estimate for its Diablillos project in Argentina's Salta province, significantly expanding the high-grade Tesoro zone, which is the highest-grade area in the Oculto deposit.The company says it expects to complete a pre-feasibility study on the project in the first half of 2023.The project, about 160 km southwest of the city of...Read More
Secretariat won the Triple Crown that year, NASA launched Skylab and Watergate intensified.It was 1973, the same year Esso Minerals and Cuvier Mines began developing the Gays River underground zinc and lead project in Nova Scotia, 60 km northeast of Halifax.The Gays River mill began processing 900 tonnes per day in 1979 before underground flooding hampered mining for the joint venture and subseque...Read More
Nevada Copper (TSX: NCU; US-OTC: NEVDF) has provided an update on operational activities at its Pumpkin Hollow underground copper mine located near Yerington in Nevada's Lyon County. The company recently closed a US$123 million financing package to support the mine's restart and ramp-up, which is underway.An optimized life-of-mine plan that focuses on accessing the larger, higher-grade stopes of t...Read More
Astra Exploration (TSXV: ASTR; US-OTC: ATEPF), which owns 80% of the Pampa Paciencia project in northern Chile, has signed an agreement to acquire the remaining 20% of the project from joint-venture partner Sociedad Quimica y Minera de Chile (NYSE: SQM).The 3,840-hectare gold-silver project is less than 15 km from two producing mines - the Sierra Gorda open-pit copper mine owned by South32 (LSE: S...Read More
Talk Digital Network, Released on 11/3/22 (Recorded on 11/2/22)*The interview begins at 01:04Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Jim operates a free website called Golden...Read More
Liberty and Finance, Released on 11/3/22 (Recorded on 11/2/22)This last summer, JPMorgan's CEO Jamie Dimon warned of a "hurricane" coming in the financial system. Alasdair Macleod, Head of Research at GoldMoney, believes the expansionary cycle has ended, and we're heading toward a contraction. Low interest rates have created massive bubbles across markets, especially in derivatives. There could be...Read More
Wall Street Silver, Released on 11/3/22Dave Collum joins the show to talk about how inflation is much worse than we expected and the consequence of this long-term. Later in the show, we have some fun and talk about Paul and Nancy Pelosi's attack in their San Francisco home, Elon Musk acquiring Twitter, and more.David B. Collum is an economic commentator, chemist, Betty R. Miller Professor of Chemi...Read More
The New American, Released on 11/3/22Why is this? According to Biden, "You know, American democracy is under attack because the Continue... Biden Says Republican Midterm Victory Would Be 'Assault on Democracy' added by Herman James on 11/04/2022View all posts by Herman James ?+'Read More
Pento Portfolio Strategies, Released on 11/3/22A depression is a real possibility. And an equityContinue... Michael Pento: A Hawkish Pivot added by Herman James on 11/04/2022View all posts by Herman James ?+'Read More
Fox News, Released on 11/3/22The Brooklyn Nets suspended Kyrie Irving without pay for "no less than five games" after he failed to adequately apologize for tweeting a link to a movie that contained antisemitic disinformation.Continue... Nets suspend NBA star Kyrie Irving for refusing to say he has no antisemitic beliefs added by Herman James on 11/04/2022View all posts by Herman James ?+'Read More
The company results reflect the closure of its 777 mine, which, after 18 years of production, was closed in June 2022. Staff from the mine were transitioned to the company's Snow Lake asset.Read More
The "most important election in our lifetimes" is but five days distant.Thus the Republic's very fate dangles in the balance... we are warned.Good vs. evil, light vs. darkness, democracy vs. fascism - these are the life-and-death combats before us.You must therefore take to the polls next week, and vote.Perhaps there is justice here. Perhaps the nation perches truly and precariously upon the devil...Read More