Recent News

Time For A Silver Trade?

May 04, 2022 / www.silverdoctors.com

Silver's been behaving differently than gold behind the scenes...by Keith Weiner of Monetary-MetalsThe price of silver has been going down, and then down some more. From over $28 a year ago, and over $26.50 a month ago, it's now at a new low under $22.50. Four bucks down in a month.However, it's been behaving differently than gold behind the scenes. Let's look at the gold and silver basis charts...Read More

Royal Road drilling towards Caribe resource

May 04, 2022 / www.mining-journal.com

In Nicaragua, the company's progress at its Caribe target has been held up by the slow turnaround of assays on drill core, with a 58-day turnaround unable to provide the timely feedback the companyRead More

NGEx makes Valle Ancho discovery

May 04, 2022 / www.mining-journal.com

Drill results from the final six holes of the company's eight hole, 3,060m programme included highlights of 596.5m grading 0.23% copper, 0.37 grams per tonne gold and 1.4g/t silver for a 0.Read More

AVZ reaches milestone at Manono

May 04, 2022 / www.mining-journal.com

IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixOreCorp prepares to deliver Tanzania's next big gold mineSPONSOREDorecorpArrow Minerals on the gold discovery path in West AfricaSPONSOREDarrow mineralsBlackEarth Minerals boosts graphite asset in MadagascarSPONSOREDblackearth mineralsDescribing Manono as "arguably one of the most important new mining projects in the world", AVZ po...Read More

Equinox sees tough start to 2022

May 04, 2022 / www.mining-journal.com

The company produced 117,452oz of gold in the quarter, some 44.2% less than the 210,432oz produced in the December 2021 quartet.Read More

Lundin Gold to start paying dividend

May 04, 2022 / www.mining-journal.com

IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixOreCorp prepares to deliver Tanzania's next big gold mineSPONSOREDorecorpArrow Minerals on the gold discovery path in West AfricaSPONSOREDarrow mineralsBlackEarth Minerals boosts graphite asset in MadagascarSPONSOREDblackearth mineralsThe company produced 121,665 ounces of gold at an all-in sustaining cost (AISC) of $696/oz, ending...Read More

Barrick raises dividend as production dips, costs increase...

May 04, 2022 / www.mining-journal.com

IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixOreCorp prepares to deliver Tanzania's next big gold mineSPONSOREDorecorpArrow Minerals on the gold discovery path in West AfricaSPONSOREDarrow mineralsBlackEarth Minerals boosts graphite asset in MadagascarSPONSOREDblackearth mineralsThis was a 20.4% fall in net earnings compared with the $538 million achieved in the prior year pe...Read More

Rapaport Weekly Market Comment

May 04, 2022 / www.diamonds.net

News: Diamond market split. Suppliers to large US jewelers doing well but dealer trading cautious following recent price declines. 1 ct. RAPI -3.2% in April. Cutters and dealers with US clients separating Russian supply to meet American obligations. China slow. Rough demand weaker despite removal of Russian goods from market. Alrosa postpones sales and will sell to Russia's Gokhran to raise liqui...Read More

Pandora Posts Record First-Quarter Revenue

May 04, 2022 / www.diamonds.net

RAPAPORT... Pandora saw record revenue in the first quarter amid strong Valentine's Day sales and the reacquisition of franchised stores.Revenue rose 21% year on year on an organic basis - a similar metric to comparable-store sales - for a total of DKK 5.7 billion ($804.3 million) in the period that ended March 31, the Danish jeweler said Wednesday. Sales for the Valentine's Day holiday increased...Read More

Indian Manufacturing Exec Sanjay Shah Dies

May 04, 2022 / www.diamonds.net

RAPAPORT... The Indian diamond industry is mourning the death of Sanjay Shah, a partner at manufacturer KBS Group and a former official for the country's Gem and Jewellery Export Promotion Council (GJEPC). Shah was a convener of the GJEPC's diamond panel committee, which handles matters related to the diamond trade, the council said in a LinkedIn post this week. He was also an active mem...Read More

Playboy Aristocrat's 100-ct Diamond Tiara to be Sold

May 04, 2022 / www.idexonline.com

(IDEX Online) - A tiara with over 100 carats of diamonds that belonged to one of Britain's most extravagant aristocrats is being offered for sale.Henry Paget, 5th Marquess of Anglesey (1875 - 1905) squandered an inheritance from his father worth $75m in today's money, including family estates in Staffordshire, Dorset, Anglesey and Derbyshire.He blew the lot in five years, on outrageous c...Read More

Jewel Raiders Jailed for $1m California Crime Spree

May 04, 2022 / www.idexonline.com

(IDEX Online) - Two men involved in a $1m-plus series of organized jewelry raids across California, USA, have been jailed for 16 months.They broke into JCPenney and Sam's Club stores (retail warehouse clubs owned by Walmart) in nine counties throughout the state between September 2020 and February 2021Defendants Anton Salaam and Marion Paul Tilley both pleaded guilty to a violation of organiz...Read More

Mocoa: one step forward, two steps back

May 04, 2022 / www.mining-journal.com

Hole 43 caused a stir among some NGO's and the anti-mining lobby in the region, with claims that the company should not have been drilling, which we will dig into later in this article.Read More

US Senator group seeks change to Grant's 1872 Mining Act

May 04, 2022 / www.mining-journal.com

IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixOreCorp prepares to deliver Tanzania's next big gold mineSPONSOREDorecorpArrow Minerals on the gold discovery path in West AfricaSPONSOREDarrow mineralsBlackEarth Minerals boosts graphite asset in MadagascarSPONSOREDblackearth mineralsUS Senator Martin Heinrich, a member of the Senate Energy and Natural Resources Committee, has int...Read More

US Fed rate rise could dampen mining shares

May 04, 2022 / www.mining-journal.com

The expected interest rate increase by the Federal Open Market Committee will be the largest since 2000.Read More

Ivanhoe's third Kamoa plant to be 5mtpa

May 04, 2022 / www.mining-journal.com

The company expects that Kamoa Copper will become the world's third-largest copper mining complex after the phase 3 expansion with annualized copper production capacity of about 600,000 tonnes perRead More

Tech Talk for Wednesday May 4th 2022

May 04, 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. Index futures were virtually unchanged following release of the March Trade Deficit at 8:30 AM EDT. Consensus was $106.7 billion versus $89.20 billion in February. Actual was $109.8 billionThe Canadian Dollar was virtually unchanged at US78.04 cents following release of Canada's March Me...Read More

New Found Gold reports three high-grade gold discoveries in last two months

May 04, 2022 / www.northernminer.com

New Found Gold (TSXV: NFG; NYSE-A: NFGC) has reported more high-grade gold results from its ongoing, 400,000-metre drill program at its Queensway project in Newfoundland. Highlights from the drilling included 6.8 metres grading 8.7 grams gold per tonne starting from 98.3 metres in drill hole NFGC-22-533; and 2.2 metres grading 275 grams gold starting from 32.5 metres in drill hole NFGC-22-538....Read More

Baselode Energy rises on near-surface mineralization at Hook project in Saskatchewan

May 04, 2022 / www.northernminer.com

Shares of Baselode Energy (TSXV: FIND; US-OTC: BSENF) rose to their highest in May as the company reported elevated radioactivity in a near-surface interval in drill hole AK22-038 as part of the company's ongoing 20,000-metre drill program on the Ackio uranium discovery at its Hook project, in northern Saskatchewan's Athabasca Basin.The drill hole reported a radioactivity of 914 counts per second,...Read More

Q&A: SRK Consulting unpacks critical opportunities and challenges facing the African mining sector

May 04, 2022 / www.northernminer.com

SRK Consulting has built deep experience working in the African mining sector and has developed a firm grasp of where potential opportunities are and some of the critical challenges preventing the industry from contributing to local economies to its fullest potential.The Northern Miner's senior reporter, Henry Lazenby, caught up with SRK Consulting director and principal consultant Andrew van Zyl...Read More

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