IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.Kropz set to fly after false startSPONSOREDkropzPredictive Discovery to forge a golden future in GuineaSPONSOREDpredictive discoverySince the end of March, the S&P 500 share price index has fallen 13.Read More
News: Dealers unsure where market is headed and hope upcoming Las Vegas shows will provide clarity. Trade starting to feel impact of Russia crisis amid lower supply and cautious demand. Chinese slowdown fueling uncertainty. Manufacturing down due to Surat summer vacation and withdrawal of Alrosa rough. De Beers positioned to gain from Russian sanctions as May sales +57% to $604M. Shortages expect...Read More
RAPAPORT... The US jewelry industry continued to downsize in the first quarter, according to the latest data from the Jewelers Board of Trade (JBT).Some 187 companies exited the sector during the three months ending March 31, compared with 142 in the same period a year earlier, the JBT reported Wednesday. In total, there were 23,852 companies active in the US industry, 1.8% fewer than the same per...Read More
RAPAPORT... The Gem and Jewellery Export Promotion Council (GJEPC) has proposed the opening of a lab-grown diamond park that will help grow the sector and process an extra 150 million carats a year."Lab-grown diamonds have the potential to build and sustain a stronger and more self-reliant domestic cutting and polishing industry," GJEPC chairman Colin Shah said in meeting with Commerce Minister Pi...Read More
RAPAPORT... Traditional diamond grading can be inconsistent and inefficient, but is automation a viable alternative? Experts shared their views in the latest "Fast-Tracking the Future" webinar installment.Titled "Automated Grading and the AI Revolution," the final session of the three-part series featured panelists from four organizations: David Block, CEO of Sarine Technologies, the series'...Read More
(IDEX Online) - Alrosa's sales of high-value diamonds to wealthy investors in Russia have increased significantly since sanctions and hard currency restrictions were imposed.The miner, part-owned by the government, launched its Diamond Exclusive program, in partnership with private banks, three years ago.Instead of selling its largest and clearest fancy color stones and colorless gems over 3-...Read More
(IDEX Online) - Investigators in India probing an alleged $20m diamond scam are seeking help from authorities in Hong Kong.The Central Bureau of Investigation (CBI) has sent judicial requests for assistance after diamonds were allegedly imported with vastly-inflated fake invoices as part of a money laundering racket.Three customs officers at Mumbai International Airport and another 14 individuals...Read More
(IDEX Online) - Mountain Province Diamond (MPD) says it has found kimberlite in three out of four locations during a winter exploration program at its Kennady North project in Northwest Territories, Canada, on the edge of the Arctic Circle.It has released interim results on its search for new kimberlites, based on a detailed analysis of ground and airborne geophysics, kimberlite indicator minerals...Read More
"We appreciate having quickly attained Stage 1 agreement with Rio Tinto's Nuton team and look forward to further advancing the MacArthur and Yerington projects," Lion's CEO Travis Naugle said.Rio is to provide US$3.75 million in funding to Lion for the Mason Valley project development and exploration. Rio has the option to earn a 65% interest in the assets.The deal was made following Rio's Nuton l...Read More
U.S. equity index futures were lower this morning. At 7:30 AM EDT S&P 500 futures were down 34 points in pre-opening trade. Several U.S. economic data points are scheduled for release this morning that could influence equity prices:May Philly Fed Index to be released at 8:30 AM EDT is expected to slip to 17.2 from 17.6 in April.April U.S. Existing Home Sales to be released at 10:00 AM EDT are...Read More
Company hires local contractors and engages small businesses within Cheyenne and Laramie County; CK Gold Project is anticipated to create an estimated 2,600 direct and indirect jobsCHEYENNE, Wyo., May 19, 2022 /PRNewswire/ -- As Economic Development Week continues, U.S. Gold Corp. ("U.S. Gold," the "Company," "we," "our" or "us") (NASDAQ: USAU) is reaffirming its commitment to supporting economi...Read More
Aftermath Silver (TSXV: AAG) has reported several drill holes intersecting shallow mineralization at the Berenguela silver-copper-manganese project in Peru's Department of Puno. Highlights from the 14 drill results included 5.2 metres grading 70 grams silver per tonne, 5.03% copper, 13.9% manganese and 0.19% zinc starting from 58.9 metres in drill hole AFD-010 and 9.4 metres grading 424 grams si...Read More
In the U.K., despite horrendous inflation and gloomy economic forecasts, we are preparing to party. To mark the beginning of a four-day Platinum Jubilee celebration, thousands of beacons are being lit across the land at 9:45 pm on Thursday, June 2. Queen Elizabeth II actually reached her 70 years on the throne back in February (as I wrote at the time) but, ever pragmatic, we delayed the celebratio...Read More
Max Resource (TSXV: MAX; OTC: MXROF) has raised $15.3 million through a private placement of 25.5 million units at a price of 60 ? per unit to advance its flagship Cesar copper-silver project in Colombia.Each unit comprises one common share and one common share purchase warrant, with each warrant exercisable for one year at a price of 85 ?. Net proceeds of the financing will be used for drilling a...Read More
South African miner Gold Fields (NYSE: GFI; JSE: GFI), already dealing with the effects of inflation and the relocation of endangered chinchillas at its Salares Norte gold project in Chile, is now facing potential sanctions from the country's environmental regulator due to the death of specimens of culpeo fox in the area.The Superintendency of the Environment (SMA) has ordered the company to imple...Read More
In May 1997, the editorial staff of The Northern Miner broke one of its own rules and bought an equity position in Bre-X Minerals. Journalists normally aren't allowed to buy shares in companies they cover, but this paper spent $60 about 25 years ago to secure share certificates that could be framed. This, so that the newsroom never forgets the Busang scandal and Graham Farquharson's role in une...Read More
Rebel Capitalist, Released on 5/19/22George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at th...Read More
Bridgewater Associates, Released on 5/19/22 (Recorded on 5/9/22)*Video recorded on 5/9/22The founders of Bridgewater and GMO discuss the big risks they're watching, including inflationary pressures, political conflict, asset bubbles, and climate change - and what investors can do to protect themselves. The conversation is moderated by Jim Haskel, editor of the Daily Observations, and Alex Shahidi,...Read More
NTD, Released on 5/19/22 (Recorded on 5/18/22)Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street...Read More
Kitco News, Released on 5/19/22Tavi Costa, portfolio manager of Crescat Capital, discusses with David Lin, anchor for Kitco News, the likelihood of a coming recession and the assets to invest in during this coming economic downturn. Tavi Costa is a partner and portfolio manager at Crescat Capital and has been with the firm since 2013. He built Crescat's macro model that identifies the current stag...Read More