Recent News

State Bank of India Will Lend to Lab Grown Factories

August 10, 2022 / www.idexonline.com

(IDEX Online) - The State Bank of India (SBI) is to start lending to manufacturers of lab grown diamonds.The move, by the country's largest private lender, is widely seen as boost to an emerging sector. India produces 15 per cent of the world's lab growns, but has been calling on the government to invest and help it grow into $5.1bn-a-year industry.The government-owned SBI has formalized...Read More

India's Pearl Imports 10 Times Higher Than Global Production

August 10, 2022 / www.idexonline.com

(IDEX Online) - India's gem and jewelry trade faces a major "round tripping" probe after it emerged that documented imports of pearls exceeded global production by as much as 10 times.The Comptroller and Auditor General of India (CAG) suspects fraud on a massive scale.It reports evidence of round tripping, when companies sell and buy back the same assets in to artificially increase their...Read More

Osisko Gold Royalties weighed down by mine costs

August 10, 2022 / www.mining-journal.com

Osisko Gold Royalties posted higher second-quarter adjusted earnings from its royalty and stream segment of C$25.7 million or $0.14 per basic share versus $23.9 million and $0.Read More

Tech Talk for Wednesday August 10th 2022

August 10, 2022 / www.timingthemarket.ca

U.S. equity index futures were higher this morning. S&P 500 futures were up 60 points in pre-opening trade.Index futures moved higher following release of the U.S. July Consumer Price Index report at 8:30 AM EDT. Consensus was an increase of 0.2% versus a gain of 1.3% in June. Actual was unchanged from June. On a year-over-year basis consensus was an increase of 8.8% versus 9.1% in June. Actua...Read More

U.S. Gold Corp. Partners with VRIFY Technology to Provide 3D Model of CK Gold Project

August 10, 2022 / www.usgoldcorp.gold

The interactive VRIFY 3D model visualizes and validates the Project's drilling results, resource potential, proposed pit, and project advancement from initial mining through closure in an immersive, interactive environment. CHEYENNE, Wyo., Aug. 10, 2022 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold," the "Company," "we," "our" or "us") (NASDAQ: USAU) a gold exploration and development company, toda...Read More

Pure Gold cuts Red Lake resource base by 20%

August 10, 2022 / www.northernminer.com

Pure Gold Mining (TSXV: PGM) has released an updated mineral resource estimate for its namesake operation in Ontario's Red Lake gold camp, reporting 20% fewer ounces in the resource categories.A new technical report completed by SRK sees the mine's global resource base falling to 2 million oz. from 2.5 million oz. and the average grade reduced to 7.2 grams gold per tonne from 8.7 grams per tonne.T...Read More

St Barbara staves off Touquoy suspension with tailings dam raise approval

August 10, 2022 / www.northernminer.com

St Barbara (ASX: SBM) has released its fiscal 2023 guidance after receiving approval of a tailings raise for its Touquoy gold mine in Nova Scotia. The Australian miner's consolidated gold production is now expected to total between 280,000 and 315,000 oz. at an all-in sustaining cost (AISC) of US$2,050 to US$2,150 per oz.The company's guidance was previously in question as it awaited provincial go...Read More

K92 reports 10.8M oz gold-equivalent resource for Blue Lake porphyry, near its Kainantu mine

August 10, 2022 / www.northernminer.com

K92 Mining (TSX: KNT) has released a first resource for its Blue Lake gold porphyry project, only 4 km southwest of its Kainantu mine in Papua New Guinea. Inferred resources total 10.8 million oz. of gold equivalent at 0.61 gram gold equivalent per tonne, based on 549 million tonnes averaging 0.21 gram gold per tonne, 0.23% copper and 2.42 grams silver. The estimate used a 0.4 gram gold equival...Read More

Lundin Gold raises production forecast for the year

August 10, 2022 / www.northernminer.com

Lundin Gold (TSX: LUG) has raised its production guidance and decreased its cost estimates for 2022, based on strong results in the first half of the year.The Vancouver-based miner now expects to produce between 430,000 and 460,000 ounces of gold, from a previous guidance of 405,000 to 445,000 ounces.All-in sustaining costs (AISC) are forecast to be in the US$820 to US$930 per oz. range, down from...Read More

Hochschild Mining granted environmental permit for Brazil gold project

August 10, 2022 / www.northernminer.com

Precious metals producer Hochschild Mining (LSE: HOC) has been granted a key permit that allows it to build a processing plan and kick off mine pre-stripping at the Mara Rosa gold project in Brazil's central state of Go?-as.The environmental licence also means that the Latin America-focused miner can begin construction of all the required site infrastructure.Chief executive officer Ignacio Bustama...Read More

Explorer Iain Downie, known for part in Wolfden discovery in Nunavut, dies at 83

August 10, 2022 / www.northernminer.com

Iain Fleming Downie, of Thunder Bay, Ont., passed away peacefully with his wife Anne and children Malcolm, Ewan and Andrea by his side on Aug. 5 at the age of 83. Iain was born in Scotland and attended the University of Toronto where he graduated as a PEng geologist. He had a successful career in mineral exploration across North America: a pioneer of diamond exploration in Canada, a recipient...Read More

They were all anti-vaxxers before taking office

August 10, 2022 / marketsanity.com

Clown World Today - Twitter, Released on 8/10/22??????OE? they were all anti vaxxers before taking office pic.twitter.com/ydRqfj3AWT- Clown World Today ??????OE? (@cwt_news) August 11, 2022 They were all anti-vaxxers before taking office added by Herman James on 08/10/2022View all posts by Herman James ?+'Read More

Don't Let Your BIGGEST RISK Take You Down | Rick Rule

August 10, 2022 / marketsanity.com

Liberty and Finance, Released on 8/10/22 (Recorded on 8/9/22)Legendary investor Rick Rule joins us to discuss preparedness and natural resource investing. The #1 preparedness step is to let go of fear and build your capital, he says. "Preparedness takes capital. So worry about getting capital before you worry about anything else. And remember too that the biggest risk you face is yourself," says R...Read More

Ring Cameras Amassing Info On Users...And Their Neighbors

August 10, 2022 / marketsanity.com

Zero Hedge, Released on 8/10/22Ring camera may be watching you - or even listening to you. Tests have found Ring cameras can record audio from 20 feet away. Continue... Ring Cameras Amassing Info On Users...And Their Neighbors added by Herman James on 08/11/2022View all posts by Herman James ?+'Read More

Bill Gates: Social Credit Scores Are An "Asset"

August 10, 2022 / marketsanity.com

SHTFplan, Released on 8/10/22The invasive and incredibly dystopian social credit system is being praised by Bill Gates as an "asset", while some United States policymakers (members of the ruling class) wantContinue... Bill Gates: Social Credit Scores Are An "Asset" added by Herman James on 08/11/2022View all posts by Herman James ?+'Read More

Jesse Felder: Small Businesses' Big Message For The Markets

August 10, 2022 / marketsanity.com

The Felder Report, Released on 8/10/22The risk of the current slowdown in the economy, which has enabled inflationary pressures to abate even to a small Continue... Jesse Felder: Small Businesses' Big Message For The Markets added by Herman James on 08/11/2022View all posts by Herman James ?+'Read More

Mountain Province says Price per Carat is up 60%

August 10, 2022 / www.idexonline.com

(IDEX Online) - Mountain Province saw profits almost static (up by less than one per cent) during the last quarter as higher per-carat prices made up for a steep fall in sales volume.The Canada-based miner said carats sold during the three months ending 30 June were down 18 per cent, year-on-year, but the average price per carat leapt from $82 to $131, (figures are US dollars) an increase of almos...Read More

Chile's first half copper production down 6.2%

August 10, 2022 / www.mining-journal.com

State copper company Codelco saw a 7.9% to 782,900 tonnes from 850,200t a year ago, including an 11.4% drop at its Chuquicamata and northern mines to 361,700t from 408,300t a year ago.Read More

Bitcoin won't see new highs again, Peter Schiff says MicroStrategy is next to crash (Part 2/2)

August 10, 2022 / marketsanity.com

Kitco News, Released on 8/10/22For Part 1 of this interview, CLICK HEREBitcoin is unlikely to retrace its past highs of $69,000 a coin, says Peter Schiff, chief market strategist of Euro Pacific Asset Management. Schiff spoke with David Lin, Anchor for Kitco News.0:00 - Bitcoin is a sinking ship5:00 - MicroStrategyPeter Schiff is an internationally recognized economist specializing in the foreign...Read More

The Price Of Eggs Is Up 47 Percent As Food Costs In The U.S. Spiral Out Of Control

August 10, 2022 / marketsanity.com

The Economic Collapse, Released on 8/10/22Now they are trying to convince us that dramatically higher prices are good news. Are you kidding me? Our standard of living is being systematically destroyed, and more Americans Continue... The Price Of Eggs Is Up 47 Percent As Food Costs In The U.S. Spiral Out Of Control added by Herman James on 08/13/2022View all posts by Herman James ?+'Read More

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