Analysts welcomed the move as Arena's Sal de la Puna project is adjacent to Lithium Americas' recently acquired Pastos Grandes project, both of which are located in the Pastos Grandes basin in SaltaRead More
The group stopped a train operated by FCAB on Saturday near Lata to the southeast of Antofagasta and stole copper cathodes using trucks equipped with cranes.Read More
(IDEX Online) - Jeweler Stephanie Gottlieb has created a one-off popcorn-shaped diamond engagement ring. The 3.66-carat VVS-clarity natural stone was specially cut from an 11-carat rough diamond and set in simple yellow gold "bathtub bezel".It is designed to intensify the hue of the stone, which has been graded as Y-Z - near to fancy yellow on the official GIA color scale."The idea was...Read More
Kumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKropz set to fly after false startSPONSOREDkropzBMG returns eye-catching high-grade gold at Abercromby in WASPONSOREDbmg A former broker explained how at one time major European trading houses weren't averse to quietly withdrawing copper from LME warehouses only t...Read More
(IDEX Online) - Diamond tech firm Sarine has filed a series of lawsuits in and around Surat for alleged piracy of its mapping software.Raids were carried out at eight locations in India's cutting and polishing capital last Wednesday (18 May) after a court granted the company ex-parte orders.Sarine was unable to provide details, but said: "It is believed that the court commissioners were able...Read More
Base metals prices on the London Metal Exchange were mainly weaker on the morning of Tuesday May 24, while those on the Shanghai Futures Exchange were more mixed.• United States President Joe Biden considers easing tariffs on China• Japan’s flash manufacturing purchasing mangers’ index (PMI) dips to 53.2, from 53.5• Bank of Japan’s core consumer price index (CPI) clim...Read More
AISC costs were already driven higher in the first quarter of this year by a combination of factors, including higher energy, labour, and equipment costs in a higher inflationaryRead More
U.S. equity index futures were lower this morning. S&P 500 futures were down 46 points in pre-opening trade. Zoom gained $4.21 to $93.54 after first quarter results beat consensus estimates. The company also offered positive second quarter guidance. Best Buy added $3.41 to $76.00 after reporting higher than consensus first quarter revenues. Snap plunged $6.96 to $15.51 after the company lowere...Read More
Shares of Filo Mining (TSX: FIL) reached an all-time high as the company reported its best hole yet in terms of copper-equivalent and intercept length, drilled at its Filo del Sol project, which straddles the Argentina-Chile border. Highlights from the latest drill results from its ongoing program included drill hole FSDH055C from the Breccia 41 zone, which cut 1,337.5 metres grading 0.66% coppe...Read More
Mining and commodities trader Glencore (LSE: GLEN) has settled probes into bribery and market manipulation in the U.K. and U.S. that have hung over the company for years.The company, which in February announced it had set aside US$1.5 billion cover the costs of settlements in the U.S., U.K. and Brazil, confirmed on Tuesday it would appear in court in the U.S. today in connection with "proposed re...Read More
The Dow Jones Industrial Average fell 961.52 points or 3.1% to 31,261.90 over the week, with the S&P 500 retreating by 106.65 points or 2.7% to 3,901.36. Shares of Gold Fields fell 1.2% to US$11.44. The company, which is already dealing with the effects of inflation and the relocation of endangered chinchillas at its Salares Norte gold project in Chile is now facing?EUR?potential sanctions?EUR?fr...Read More
The S&P/TSX Venture Composite Index eked out a gain of 5.44 points over the May 16-20 trading week to end at 702.09.Los Andes Copper saw the biggest share price gain over the session, rising $1.30 or 9.2% to end at $15.45. On May 16, the junior reported new assays from its Vizcachitas copper project in Chile, including 152 metres of 1% copper equivalent (0.94% copper, 122 parts per million molybde...Read More
Over the May 16-20 trading period, the S&P/TSX Composite Index fell 8.8 points to 20,197.61. The S&P/TSX Global Mining Index increased 3.64 points or 3.3% to 109.01 and the S&P/TSX Global Base Metals Index rose 6.71 points or 3.6% to 188.24. The S&P/TSX Global Gold Index rose 6.85 points or 2.3% to 301.40 and spot gold ended the week up 1.3%, or US$24.7 per oz. higher, at US$1,834.20 per ounce. S...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 global energy supplies and the vulnerability of European nations in the context of the Russia-Ukraine war, as well as precious metals, rare earths, and what will likely be an increasing competition for resources between the West and the...Read More
BSG Resources, the mining arm of Israeli tycoon Beny Steinmetz's empire, secured the rights to the vast Simandou iron ore project in Guinea through corrupt practices, and international tribunal has ruled.The World Bank's International Centre for the Settlement of Investment Disputes (ICSID) "forcefully" rejected the mining company's claims against Guinea for billions of euros for having been str...Read More
International Man, Released on 5/24/22It's basically a love fest for the international ruling class. They like to get together, hang out, and Continue... Doug Casey on What the Elites at Davos Are Really Up To added by Herman James on 05/25/2022View all posts by Herman James ?+'Read More
Wolf Street, Released on 5/24/22Stocks of homebuilders swoon amid worst inflation in construction costs, shortages, and spiking mortgage rates that take buyers out of the market.Continue... Wolf Richter: Housing Bubble Getting Ready to Pop added by Herman James on 05/25/2022View all posts by Herman James ?+'Read More
David Rosenberg - Twitter, Released on 5/24/22The big news today was the 9 months' supply of unsold new housing inventories in April, nearly doubling in the past year and classifying as a 2 SD event. Inventory excess is now at a level that in the past was consistent with a recession followed by a huge home price correction.- David Rosenberg (@EconguyRosie) May 24, 2022 David Rosenberg is the chief...Read More
Market Sanity - Twitter, Released on 5/24/22pic.twitter.com/03BvIaiDRV- Market Sanity (@MarketSanity) May 25, 2022 If you think stocks are guaranteed to make all-time highs again because they always have in the past, think again added by Herman James on 05/25/2022View all posts by Herman James ?+'Read More
Claudio Grass, Released on 5/24/22Pouring gasoline on a fire is almost always a bad idea. We are going back to a gold standard for the same reason we have used gold for 2500 yearsContinue... Bob Moriarty: 'Gold is an insurance policy against the stupidity of governments' added by Herman James on 05/25/2022View all posts by Herman James ?+'Read More