Recent News

Petra's Fortunes Reversed as Rough Prices Rise

July 07, 2022 / www.idexonline.com

(IDEX Online) - Petra Diamonds saw its fortunes reversed at its June tender as rough prices rose by 7.7 per cent.In May the UK-based miner reported like-for-like rough diamond prices down by 23.7 per cent. It blamed "ongoing uncertainty around the impact of the conflict in Ukraine".The company sold 569,496 carats at its June tender, raising a total of $93m. At the May tender it sold more - 635,806...Read More

Nexa Resources ramps up in Brazil

July 07, 2022 / www.mining-journal.com

Orexplore leads the pack in core analysisSPONSOREDorexploreAlmonty plans top tungsten production outside ChinaSPONSOREDalmonty industriesStars align for Tinka at AyawilcaSPONSOREDtinka resourcesAsian Battery Metals AllianceSPONSOREDaranjin resourcesRamp-up activities are currently focused on steadily increasing the plant throughput rate with commercial production expected to start by the fourth qu...Read More

Tech Talk for Thursday July 7th 2022

July 07, 2022 / www.timingthemarket.ca

U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in pre-opening trade. U.S. equity index futures were virtually unchanged following release of the U.S. May Trade Deficit report at 8:30 AM EDT. Consensus was a deficit of $84.7 billion versus a deficit of $87.10 billion in April. Actual was a deficit of $85.5 billion.The Canadian Dollar was virtually unchange...Read More

The Dollar Is a Victim of Its Own Success

July 07, 2022 / dailyreckoning.com

America's most powerful weapon of war does not shoot, fly or explode. It's not a submarine, plane, tank or laser. America's most powerful strategic weapon today is the dollar. The U.S. uses the dollar strategically to reward friends and punish enemies.The use of the dollar as a weapon is not limited to trade wars and currency wars, although the dollar is used tactically in those disputes. The doll...Read More

"The Writing Is on the Wall"

July 07, 2022 / dailyreckoning.com

"The writing is on the wall."This is the studied conclusion of a certain Frank Giustra, co-chairman of the International Crisis Group.What writing - precisely - adorns the wall?The writing is on the wall that some form of change is imminent, and a global monetary system reset may already be underway... the U.S. dollar feels like a lame-duck currency. It still rules, but the world is clearly jockey...Read More

Labrador Gold's shares gain on best grades cut at Kingsway to date

July 07, 2022 / www.northernminer.com

The Toronto-quoted equity of Labrador Gold (TSXV: LAB; US-OTCQX: NKOSF) closed 4% higher on Thursday after reporting the highest-grade intercepts to date from the flagship Kingsway project in Newfoundland.The company reports that hole K-22-174 intersected 284.1 grams per tonne of gold over 0.58 metres from 309.47 metres depth, and 15.05 grams per tonne over 1.11 metres from 310.71 metres depth.The...Read More

Canada's Top Ten precious metals juniors

July 07, 2022 / www.northernminer.com

The following companies are the Top Ten Canadian-headquartered precious metal juniors that are developing projects but are not yet in production, ranked according to market capitalization as of June 7 and compiled by Mining Intelligence. Royalty and streaming companies are not included in this list.1 NovaGold ResourcesMarket Cap: $2.1 billionEmployees at Novagold Resources and Barrick Gold's Donli...Read More

Asante pours first gold at Bibiani mine in Ghana

July 07, 2022 / www.northernminer.com

Asante Gold (TSXV: ASE) has poured first gold at its Bibiani gold mine in Ghana.The mine is expected to produce 175,000 ounces of the precious metal over the next 12 months.The news follows the commissioning of the processing plant and associated equipment at the mine in early June.The Vancouver-based company said this was the final operating area of the process plant to be commissioned, adding...Read More

Moneta drills bonanza intercept at Tower project in Ontario

July 07, 2022 / www.northernminer.com

Moneta Gold (TSX: ME; US-OTC: MEAUF) has delivered new assay results from 12 drill holes totalling 6,266 metres. These were completed during exploration drilling on new targets at its Tower gold project, located 100 km east of Timmins, Ont.Highlight of the batch was drill hole MGA21-012, which intersected 5.1 metres at a bonanza grade of 50.09 grams gold per tonne, including 1.0 metre at 251.0 gra...Read More

China's Tianqi Lithium lists on Hong Kong stock market

July 07, 2022 / www.northernminer.com

Shenzhen-listed Tianqi Lithium has raised about HK$13.5 billion (US$1.71) billion in a secondary listing on the Hong Kong Stock Exchange, according to the Financial Times.The British daily newspaper reported that South Korea's LG Chem, a diversified chemical company, was a "cornerstone" investor in the IPO, which saw Tianqi sell about 164 million shares at about HK$82 ($10.45) apiece.The share sal...Read More

Solaris Resources rises on new targets near Warintza in Ecuador

July 07, 2022 / www.northernminer.com

Shares of Solaris Resources (TSX: SLS; US-OTC: SLSSF) rose 10% in Thursday morning trading after the company reported identifying three new copper-molybdenum porphyry targets, five skarn targets s and a high-sulphidation epithermal gold target near its Warintza project in southeastern Ecuador.Solaris is exploring the project with seven drill rigs in a bid to expand Warintza's mineral resource es...Read More

Centamin shares jump on potential Sukari mine extensions

July 07, 2022 / www.northernminer.com

Centamin (TSX: CEE; LSE: CEY) said on Thursday that exploration around its flagship Sukari gold mine in Egypt has allowed it to identify the potential for a satellite open pit within the concession as well as extensions of the underground orebody.The West Africa-focused gold miner also said it had completed the first airborne geophysical survey in Egypt, which it described as a milestone for the c...Read More

Political changes boost risk for miners in Latin America

July 07, 2022 / www.northernminer.com

A rising demand to participate in the revenues from natural resources, tougher environmental protection rules and changes to laws are increasing risks for mining and energy companies across Latin America, even in countries once considered safe investment destinations, a new study shows.According to the 2022 Latin America Mining Risk Index, published by consultancy Americas Market Intelligence (AMI...Read More

Rambler Metals and Mining Plc (AIM: RMM): Resource Endowment of 1 Billion Lbs. of Copper in a Proven Mining Jurisdiction, Newfoundland, and Labrador; Dr. Toby Bradbury, President and CEO Interviewed

July 07, 2022 / www.metalsnews.com

We spoke with Dr. Toby Bradbury, who is President and CEO of Rambler Metals and Mining plc (AIM: RMM), a mining and development Company that brought its first mine into commercial production, in November 2012. Rambler has 100% ownership of the Ming Copper-Gold Mine, together with a fully operational base and precious metals processing plant and year-round bulk storage and shipping facility; all lo...Read More

"You're Getting ROBBED Blind" | Gregory Mannarino

July 07, 2022 / marketsanity.com

Liberty and Finance, Released on 7/7/22 (Recorded on 7/5/22)Gregory Mannarino, founder of Traders Choice, warns the middle class is being crushed by inflation. "You're getting robbed blind," he says. At the same time inflation is shrinking people's earnings and Dollar savings: stocks, bonds, and real estate are showing weakness. Central banks have been creating the illusion of liquidity by pumping...Read More

Jeff Snider: The Eurodollar Curve Says Deflation Not Inflation

July 07, 2022 / marketsanity.com

Macro Voices, Released on 7/7/22MacroVoices Erik Townsend and Patrick Ceresna welcome Jeff Snider to the show. Jeff says that monetary inflation is NOT the cause of out-of-control consumer prices, and he doesn't see stagflation as a big risk. They discuss all of that and much more in this week's feature interview.Jeff Snider is head of global investment research for Alhambra Investment Partners, a...Read More

Where is the Price of Gold Headed? - Ronnie Stoeferle & Mike Maloney

July 07, 2022 / marketsanity.com

Gold Silver (w/ Mike Maloney), Released on 7/7/22While gold hasn't suffered nearly as much as other asset classes this year... it still hasn't moved higher like many expected, which has many investors asking one question: Where is the price of gold headed? To help answer this question, best-selling author, Mike Maloney of GoldSilver.com, talks to Ronnie Stoeferle in his latest video. First, Ronnie...Read More

Dave Kranzler: Dollar rally is due to credit market concerns (rather than confidence in the dollar)

July 07, 2022 / marketsanity.com

Arcadia Economics, Released on 7/7/22The dollar has rallied to its highest level in 19 years, although rather than it being due to some inherent strength, analyst Dave Kranzler points out how it's instead a reflection of concerns in the credit markets. Dave has been warning for months that the US was headed for a recession, and now that it's here (why couldn't the Fed have seen that?!), he shares...Read More

Rickards: The Dollar Is a Victim of Its Own Success

July 07, 2022 / marketsanity.com

Daily Reckoning, Released on 7/7/22America's most powerful weapon of war does not shoot, fly or explode. It's not a submarine, plane, tank or laser. America's Continue... Rickards: The Dollar Is a Victim of Its Own Success added by Herman James on 07/08/2022View all posts by Herman James ?+'Read More

Army Training Says Soldiers Must Shower with Transgender Persons of Opposite Sex

July 07, 2022 / marketsanity.com

Breitbart, Released on 7/7/22"Soldiers must accept living and working conditions that are often austere, primitive, and characterized by little or no privacy. ... Understand anyone may encounter individuals in barracks, bathrooms, or shower facilities with physical characteristics of the opposite sex despite having the same gender marker in DEERS."Continue... Army Training Says Soldiers Must Showe...Read More

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