Recent News

Russia deploys nuclear missiles near border with Finland as warning to NATO

May 16, 2022 / marketsanity.com

The Sun, Released on 5/16/22Russia has started deploying nuclear missiles toward its border with Finland in wake of the nation's bold NATO bid.The Russian leader had warned Finland and Sweden that Continue... Russia deploys nuclear missiles near border with Finland as warning to NATO added by Herman James on 05/16/2022View all posts by Herman James ?+'Read More

European Natural Gas Prices To Triple In "Perfect Storm"

May 16, 2022 / marketsanity.com

Zero Hedge, Released on 5/16/22"There simply is not enough LNG around to meet demand. In the short term, this will make for a hard winter in Europe. Continue... European Natural Gas Prices To Triple In "Perfect Storm" added by Herman James on 05/16/2022View all posts by Herman James ?+'Read More

Gold-Backed ETF Holdings Just Shy of Record

May 16, 2022 / marketsanity.com

Schiff Gold, Released on 5/16/22Europe led the way with gold inflows of 25.9 tons. This lifted regional AUM to a new record Continue... Gold-Backed ETF Holdings Just Shy of Record added by Herman James on 05/16/2022View all posts by Herman James ?+'Read More

The Silver Chart THEY Don't Want You To See!

May 16, 2022 / www.silverdoctors.com

The conspiracy mongers don't want you to see this chart...by Keith Weiner of Monetary-MetalsOn Thursday May 12, the price of silver fell about a buck. As with every one of these big price moves, the question is: what really happened? Below is a chart of the day's action, with price overlaid with basis. Basis = future - spot. It is a great (i.e. the only) indicator of abundance or scarcity of metal...Read More

Beware The Lack Of Mainstream Singularity? The Next Catalyst For Silver, And Everything Muddy

May 16, 2022 / www.silverdoctors.com

One scan of the "news" demonstrates that something is a miss with the propagandists seemingly grasping for anything and everything...(by Half Dollar) I'm wondering just what the next catalyst for the news cycle, and by extension, for silver, is going to be?I ask that because it's not easy to get a read on the mainstream media right now, and one scan of the "news" demonstrates that something is a m...Read More

Filo Mining in sights after drill results

May 16, 2022 / www.mining-journal.com

Analysts have highlighted the impressive drilling results at Filo del Sol which could attract interest for the firm which is a part of the Lundin Group.Read More

Blankfein warns of US recession risk, China slows

May 16, 2022 / www.mining-journal.com

There was a "very, very high risk" that the US economy could be hit by recession, Blankfein told US media on May 15. "If I were running a big company, I would be very prepared for it.Read More

Mining inflation spreads to Cuba

May 16, 2022 / www.mining-journal.com

Sherritt has said an assessment of the expansion capital costs at Moa indicated that costs are estimated to be at the upper end of the US$20,000-$25,000 per tonne range of new nickel capacityRead More

Demand for Diamond Traceability Spikes

May 16, 2022 / www.diamonds.net

RAPAPORT... The diamond and jewelry industry is seeing a sharp rise in interest in traceability programs as companies across the pipeline seek to avoid supply from Russian sources, according to Sarine Technologies CEO David Block. "There has been huge interest from all the different players in the industry over the last month or two since the conflict broke out with regards to traceability," Block...Read More

Arctic Canadian Gets Approval for Ekati Extension

May 16, 2022 / www.diamonds.net

RAPAPORT... Authorities in Canada have green-lighted plans for the new Point Lake pit at the Ekati mine.The Wek'??ezh??i Land and Water Board, which regulates the area, approved a land-use permit lasting five years and a water license valid through October 2023, it said Friday in letters to Arctic Canadian Diamond Company (ACDC), which owns Ekati. Last week, the government of the Northwest Te...Read More

Diversifying at the wrong time

May 16, 2022 / www.mining-journal.com

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 discoveryThe 15% price fall from US$4.90 a pound 10 weeks ago to latest sales at $4.16/lb has taken copper back to where it was 12-months ago.Read More

Investors' Chance to Buy a $200 Slice of a Fancy Colored Diamond

May 16, 2022 / www.idexonline.com

(IDEX Online) - Investors will be able to buy a tiny share of a high-value fancy colored diamond, with the launch on Wednesday of Luxus.The US-based fractional ownership business will allow clients, who would otherwise be priced out of the market to buy 0.1 per cent or less, of a gem.The first diamond on offer is a 0.54-ct fancy pink diamond from the iconic Argyle mine, in Australia, valued at $40...Read More

Sledgehammer Gang Flee with $100,000 of Jewels

May 16, 2022 / www.idexonline.com

(IDEX Online) - Four masked raiders smashed the display window at jeweler's store with sledgehammers and fled with $100,000 of merchandise.Police in Westchester County, New York State, USA, later arrested three suspects after they crashed their car during a chase and fled, leaving the loot behind.The smash and grab took place at Golden Square Jewelry, Yonkers, last Thursday.One of the co-owne...Read More

Molly Sims Dazzles with $1m of Diamonds in her Hair

May 16, 2022 / www.idexonline.com

(IDEX Online) - Fashion model Molly Sims dazzled at the Met Gala, wearing 120 carats of diamonds.She wore a $1m necklace in her hair, courtesy of Ring Concierge, the New York jeweler that specializes in designs "for women, by women".Sims, 48, has featured in campaigns for Jimmy Choo, Escada, Giorgio Armani, Michael Kors, and Chanel.She also wore two pairs of pear and marquise cluster earrings (16...Read More

Sale of Ghaghoo Mine to Botswana Diamonds Collapses

May 16, 2022 / www.idexonline.com

(IDEX Online) - Plans by Botswana Diamonds to buy the loss-making Ghaghoo mine have collapsed, after it failed to secure a joint venture partner.The Irish explorer had a a non-binding agreement with owners Gem Diamonds, dependent on it finding a partner by 10 May. But it says there's still a possibility it will resurrect the agreement.The mine, about 300 km northwest of the capital Gaborone,...Read More

Soaring costs hit mining project profitability...

May 16, 2022 / www.mining-journal.com

From an industry-wide marginal production cost of US$6150 a tonne in 2021 the cost of producing copper has risen to $8000/t, the bank said.Read More

Capstone Copper outlines 2022 guidance

May 16, 2022 / www.mining-journal.com

"This is a transformational year for Capstone as we ramp-up our new Mantos Blancos mill, construct the Mantoverde sulphides project and deliver a District Integration Plan for Santo Domingo with Mantoverde," Capstone Copper's CEO John Mackenzie said.Production levels from 2021 showed that the company would have had a copper production base of over 175,000t for that year.Capstone Copper was created...Read More

Tech Talk for Monday May 16th 2022

May 16, 2022 / www.timingthemarket.ca

U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points in pre-opening trade. Index futures responded partially to a continuing slowdown in China's economy due to efforts to slow COVID 19 infections.The Wheat continuous futures contract added $50.20 to $1,228.00 after India banned wheat exports. McDonald's slipped $1.04 to $244.00 after the company announced plans...Read More

Nouveau Monde and Mason Graphite set to form JV to advance Lac Gu?(C)ret in Qu?(C)bec

May 16, 2022 / www.northernminer.com

Nouveau Monde Graphite (TSX-V: NOU; NYSE: NMG) and Mason Graphite (TSX-V: LLG; US-OTC: MGPHF) have entered into an option and joint venture agreement to advance Mason Graphite's Lac Gu?(C)ret project in northeastern Qu?(C)bec. As part of the deal, Nouveau will have the option to own 51% of the property if it invests $5 million in Mason Graphite and spends $10 million on advancing the property....Read More

Canada's Horizons Copper ETF ready to trade live

May 16, 2022 / www.northernminer.com

The Horizons ETF Copper Producers Index ETF (TSX: COPP) is set to go live for trading on the Toronto Stock Exchange on May 17, providing a new option for investors to gain passive exposure to the world's $2 billion-plus market cap copper producers.Nicolas Piquard, the company's VP, portfolio manager and options strategist, tells The Northern Miner the fund aims to take full advantage of forecast i...Read More

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