(IDEX Online) - An Indian company has produced what's being hailed as the world's biggest polished lab grown diamond.The marquise step cut 27.27-carat diamond (pictured) was made by Greenlab, in Surat, and certified by the IGI.It is significantly larger than the previous record holder, a 16.41-carat princess-cut diamond (G/VVS2) produced by Shanghai Zhengshi Technology, in China.The new...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 20 points in pre-opening trade.Index futures were virtually unchanged following release of the April Durable Goods Orders report at 8:30 EDT. Consensus was an increase of 0.7% versus a gain of 0.8% in March. Actual was an increase of 0.6%. Excluding transportation orders, consensus for April Durable Goods Orders was a...Read More
CHEYENNE, Wyo., May 25, 2022 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU), a gold exploration and development company, is pleased to announce that Mr. Luke Norman has been appointed as Chairman of the Company's Board of Directors (the "Board"), following notice of the Board's resolution to increase its size from five to six members. Mr. George Bee, who has held the Chairman position since March...Read More
Alpha Exploration (TSXV: ALEX) has reported drill results from its first campaign on the Aburna gold prospect, part of the company's Kerkasha project in Eritrea, based on which it expects is "a large gold discovery" in the property. Highlights from the latest results of the 19-hole program that ended in March included 22 metres grading 4.5 grams gold per tonne starting from 47 metres depth in...Read More
Lithium technology companies are jostling for a foot in the door of the rapidly accelerating North American integrated battery metals supply chain, whether becoming a battery precursor material manufacturer or a potentially disruptive lithium direct extraction tech provider.Vancouver-based Nano One Materials Corp (TSX: NANO; US-OTC: NNOMF) on May 25 announced the acquisition of lithium iron phosph...Read More
Shares of Peru-focused miner Tinka Resources (TSXV: TK) rose 25% in the afternoon on May 25 as the company announced investments worth $11 million from regional mining giants Nexa Resources (NYSE: NEXA) and Buenaventura (NYSE: BVN) in the firm. One of the largest zinc producers in Latin America, Nexa will subscribe for 40.7 million common shares for proceeds of $9 million, increasing its total...Read More
Applications for the 2022 Young Mining Professionals (YMP) Scholarship Fund are now open for students enrolled this coming September in an Earth Science or Mining Engineering program at a Canadian university. The value of the YMP Scholarship Fund, the largest mining scholarship fund in the world according to the YMP executive team, has grown from $12,000 when it was founded in 2018 by Stephen S...Read More
Higher commodity prices are not high enough to incentivize new production to come online, as slowing demand from China weighs heavy, especially on copper.Bank of America recently hosted its metals and mining conference in Miami, which heard that weak near-term demand from China in March and April impacted all six sectors that matter for copper demand. Not a single demand driver expanded year-on-ye...Read More
Osisko Development (TSXV: ODV) has released the results from its preliminary economic assessment (PEA) for the Cariboo gold project in central B.C. The study, which examines a large, low-cost underground mine, was prepared by BBA Engineering.The Cariboo mine is to be a phased development, averaging 75,000 oz. per year to begin and expanding to 286,000 oz. annually after four years. The base case c...Read More
Four out of the eight miners who have been missing since Trevali Mining's (TSX: TV) Perkoa mine in Burkina Faso was hit by flash floods last month, were found dead, the company reported on May 25. The rescue team discovered the bodies of the four workers, the company said, without providing more details. The search for the remaining four workers will continue, it added. Six out of the eight men...Read More
Location is key for success in many undertakings. In real estate it is the only consideration.In gold exploration, the best location to look for is where there are other gold deposits and mines. There are several hot spots in Canada such as Ontario's Red Lake Gold District, the Abitibi Greenstone Gold Belt in Quebec or the Golden Triangle region in British Columbia. Merger and acquisition activit...Read More
Canada's Hudbay Minerals (TSX, NYSE: HBM) has scored a small but key win in the United States after an Arizona judge ruled in favour of the company's planned Copper World mine.The ruling dismissed a pair of lawsuits filed by three Native American tribes and a coalition of environmental groups, which aimed to stop ongoing work on Copper World.Their attempt was based on a separate ruling earlier th...Read More
Howe Street, Released on 5/25/22Crude prices paving the way to recession.Rick Ackerman is the editor and publisher of Rick's Picks, an online service for traders from novice to expert. He has been trading himself for more than 40 years, a dozen of them as an options market-maker on the floor of Pacific Stock Exchange. CNBC and Bloomberg have featured his work, and he has written on the markets and...Read More
The Lead-Lag Report, Released on 5/25/22What if the S&P 500 completely went roundtrip and gave back all gains post Covid?Peter Boockvar is the Chief Investment Officer of Bleakley Financial Group and Editor of The Boock Report newsletter https://boockreport.com/. peter boockvar, stocksPeter Boockvar: How Low Can Stocks Go? added by Herman James on 05/25/2022View all posts by Herman James ?+'Read More
Liberty and Finance, Released on 5/25/22Market sentiment is extremely bearish, says David Hunter, a contrarian macro strategist with 49-years experience on Wall Street. Many investors are expecting a washout crash in the markets, but Hunter sees the market may have hit a bottom and is going to melt-up. He expects the S&P 500 to hit 6,000 within 3-to-6 months in a rally that will blow people away....Read More
Fox Business, Released on 5/25/22Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An I...Read More
Crypto Crew University, Released on 5/25/220:00 Intro1:23 The Market3:06 Opportunities4:05 Words of Wisdom7:24 Right Mindset10:51 Chart15:14 Having a Plan18:00 Swing Trading20:28 When is the Bottom25:25 Recommendation on the Downside28:37 Outside of Bitcoin31:49 Bitcoin TimelineGareth Soloway is a professional trader with over 20 years of experience and the President, CEO, & Chief Market Strategis...Read More
Mercola (via LewRockwell), Released on 5/25/22Are you ready to cede all authority over your life, health and livelihood to the likes of Gates? I hope not.Continue... Bill Gates Lays Out Plan for Global Takeover added by Herman James on 05/26/2022View all posts by Herman James ?+'Read More
David Moadel, Released on 5/25/22Want more help from David Moadel? Contact me at [email protected]David Moadel is a trader and investor of stocks and options. A former elementary school teacher, David has a master's degree in education and a unique ability to convey knowledge in the area of finance. He has coached many people and likes to combine fundamental and technical analysis to help people...Read More
The company expects to add to its $10.5 million of cash and equivalents as its revenue profile ramps-up this year from a 1% net smelter returns (NSR) royalty on Monarch Mining's Beaufor development project and a 2-3% NSR on the Canadian Malartic mine, both in Quebec, Canada.The company reported record revenue of $600,000 in the quarter to March 31, and despite posting a net loss of $2.4 million, d...Read More