(IDEX Online) - Pink sapphires exposed to sunlight or incandescent illumination can undergo significant and "unusual" color changes, says GIA.They can acquire the same coloration as highly-prized padparadscha sapphires - a unique mix of pink and orange - or even turn completely orange.The gems are routinely tested for color stability, by exposure to bright light for several hours, which causes an...Read More

(IDEX Online) - The newly-appointed CEO of Australian fashion jewelry business Lovisa is under fire over his US$14.2m annual earnings.Victor Herrero, 51, has been revealed as one of the country's highest-paid bosses, at a time when his company is facing a class action for allegedly underpaying staff by up to US$21.7m.A salary survey by The Australian Financial Review (AFR) put Herrero way ahe...Read More

(IDEX Online) - A "new" precious gem, found only in Israel, is now being sold in biblically-themed pieces of jewelry costing up to $1m.Carmeltazite was first discovered in 2014 at Mount Carmel, from which it takes its name, and has since been recognized by the International Mineralogical Association.Small quantities of the mineral are being recovered by the Shefa mining company at the Kishon mine....Read More

Chile's water regulator has fined Lundin's subsidiary Ojos del Salado US$138,000 - the maximum possible amount under the country's regulations - as a consequence of the sinkhole that appeared near theRead More

"Freeport-McMoRan reported that its Cerro Verde copper mine is experiencing delays in the transport of supplies and products due to political protests but that mine operations are running normally asRead More

"The Yamana setback should not be allowed to impede the company's strategy," Griffith said.Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 106 points in pre-opening trade.Index futures moved higher following release of the November Consumer Price Index at 8:30 AM EST. November CPI was expected to increase 0.3% versus a gain of 0.4% in October. Actual was an increase of 0.1%. On a year-over-year basis November Consumer Price Index was expected to increase...Read More

This week's episode features Northern Miner podcast host Adrian Pocobelli on mining stories from around the world, including spoofing charges against JP Morgant traders, pipeline updates, LME buyout rumours, BRICS+ developments, as well as the resurgence of coal in the United Kingdom and upward momentum in metals prices.All this and more with host Adrian Pocobelli."Rattlesnake Railroad", "Big West...Read More

Brixton Metals (TSXV: BBB) says the first batch of drill results from its Langis cobalt project in northeast Ontario confirms high-grade ore. Hole LM-22-254 cut 30.5 metres of 0.35% cobalt, 5.97 grams silver per tonne and 0.08% nickel from 121 metres down hole, Brixton said in a news release on Dec. 13. The core included 10.02 metres of 0.92% cobalt, 3.5 metres of 1.89% cobalt and 0.5 metre of 9....Read More

Barrick Gold (TSX: ABX; NYSE: GOLD) has issued a statement in response to claims of alleged rights abuses in Tanzania.Twenty-one Tanzanian nationals filed a lawsuit in Ontario Supreme Court on Nov. 21 against Barrick for alleged human rights violations at the company's North Mara gold mine in Tanzania.It is the first time the Canadian gold giant has faced legal action in its home country for all...Read More

Maple Gold Mines (TSXV: MGM) reported complete assay results for four drill holes and partial assay results for five additional drill holes from its 100% controlled Eagle mine property in Quebec. The holes were drilled in an area northwest of the past-producing Eagle mine that the company had previously identified as a potential southern splay of the main mine horizon. The new results confirm the...Read More

Probe Metals (CVE: PRB) has drilled the highest-grade core?EUR?yet at its Val-d'Or East project's Monique deposit in Quebec as it prepares to expand its mineral resource estimate next month. Expansion drill hole MO-22-475 cut 22.9 metres grading 4.9 grams gold per tonne cut and 19.2 grams gold uncut (with a 100 grams per tonne cap) from 22.6 metres down hole, Probe said in a news release on Tuesd...Read More

Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) said on Tuesday it is actively searching for lithium assets as its expects prices for the metal used in the making of batteries that power electric vehicles (EVs) to remain high for a "long period of time." The company had to shelve its proposed US$2.4 billion Jadar lithium mine in Serbia early this year after the government revoked the project's licences...Read More

The mining industry shows a lack of focus on gender and diversity in their environmental, social and governance strategies, a recent report by Stratum International and Digbee has found.Based on a survey of global mining sector decision-makers, the study deems "concerning" such an overlook in an industry that "needs to change the perception that mining is a male-only environment."According to the...Read More

Gold Fields' (JSE, NYSE: GFI) chief executive officer Chris Griffith is stepping down on Dec. 31, only a month after the company's failed attempt to take over Canada's Yamana Gold (TSX: YR; NYSE: AUY).Griffith, 57, was appointed CEO of the South African gold miner in April 2021, taking over from Nick Holland, who retired after 13 years. Griffith had previously held the top job at Anglo American P...Read More

Shares in Ecuador-focused SolGold (TSX: SOLG; LSE: SOLG) dropped on Monday more than 7% after revealing it had completed a US$36-million capital raise with the participation of new investors, including Jiangxi Copper Investing.The company, which saw its chief executive and managing director of less than a year leave last month, is said to be at the centre of a bidding war between Jiangxi, China's...Read More

In September, Marathon updated its initial capex estimate for Valentine by 57% to C$470 million to $490 million, compared with the $305 million estimate in its April 2021 feasibility.Read More

"The world is not driven by greed. It's driven by envy."Here is the sage conclusion of Mr. Charles Munger, aged 98 years. Mr. Munger is of course the partner of Warren Buffett and legendary vice chairman of Berkshire Hathaway.What human vice ranks fourth among the seven lethal sins? That is correct - envy.Today we evaluate the acid emotion of envy. We further document how envy can wreck a man's we...Read More

The Chinese Communist Party (CCP) has officially shown its hand. Mandiant, a U.S. cybersecurity firm, recently uncovered a shockingly desperate cyberattack against a single private company.A series of fake social media profiles, typically called "bots," made some bizarre posts. According to Mandiant's report, these posts all came from within CCP-friendly IP addresses.Hilariously pseudo-American n...Read More

LONDON, 13 December 2022 - Comment from BullionVault is quoted today by a report on the gold market posted at Business Insider, the global financial news and opinion site."Gold bulls are far from alone in hoping and praying for a Fed pivot in 2023," says Adrian Ash, director of research at BullionVault, pointing to expectations that the US central bank will reverse course and start cutting interes...Read More