RAPAPORT... Petra Diamonds is exploring options for exiting its Koffiefontein mine in South Africa, noting that another company could extend the site's operations beyond the scheduled closure date of 2025.The deposit has an estimated resource of approximately 5.25 million carats remaining, 1.1 million of which are indicated diamonds, meaning tests have confirmed their presence, Petra said Tue...Read More
Ero Copper touts green focus and shareholder returnsSPONSOREDero copperIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixBlackEarth Minerals boosts graphite asset in MadagascarSPONSOREDblackearth mineralsChampion Iron to fuel green steel revolutionSPONSOREDchampion iron Commodity price risk, which dropped to second, has previously always topped the survey during its 12-year history.Co...Read More
Base metals prices on the London Metal Exchange were mainly weaker on the morning of Wednesday April 27, while those on the Shanghai Futures Exchange were generally stronger.* The slide in China’s renminbi yuan has halted, but the alarm bell is still ringing* United States 10-year treasuries yields have weakened, which is another sign of haven demandBase metalsThree-month tin prices on the LM...Read More
Total copper production guidance for the year now stands at 790,000-855,000 tonnes, which is down from 810,000-880,000 tonnes.The revision followed first quarter production falling 10% from Q4 2021 to 182,210 tonnes."Different factors at each of the main operating mines contributed, to varying degrees, to a reduction in grade from Q4 2021 levels," First Quantum said."Grades are expected to return...Read More
U.S. equity index futures were higher this morning. S&P 500 futures advanced 16 points in pre-opening trade. A major reason for the advance was a share price recovery this morning in Microsoft. After a price drop after the close last night following release of quarterly results, the stock gained $10.62 this morning to $280.84.Visa gained $11.14 to $212.24 after reporting higher than consensus...Read More
When Rio Tinto's Diavik diamond mine closes in 2025, it's going to put a major dent in the finances of the Northwest Territories. The mine, now 100% owned by Rio Tinto after it acquired Dominion Diamond's 40% share last year, following Dominion's filing for insolvency protection in 2020, was Canada's second diamond mine, with production starting in 2003. Now, it is the first of the Northwest Terr...Read More
Defense Metals (TSXV: DEFN; OTC: DFMTF) has received results for the final five holes totalling 1,079 metres from the 29-hole (5,349 metres) diamond drill program completed during fall 2021 at its Wicheeda rare earth element (REE) deposit located near Prince George, B.C. These drill holes (WI21-57 through WI21-61) were collared from the two sites within the eastern area of the project.Resource def...Read More
Drill results from Fosterville South Exploration's (TSXV: FSX; US-OTC: FSXLF) initial 10-hole drill program at the Thompson Reef and the Prince of Wales Reef within the Reedy Creek target of its Providence project in Victoria state, Australia, have returned "strong gold grades," at shallow depths. Highlights from the drill results included 2 metres grading 174.42 grams gold per tonne starting f...Read More
Nearly all crucial battery metals will witness supply deficits in the next decade as mining projects struggle to come online, Benchmark Mineral Intelligence analysts have said. The research group that specializes in the electric vehicle supply chain believes that the world is already witnessing the "great raw material disconnect" impact the end user. "Lithium-ion battery cell prices are set...Read More
South Africa's Petra Diamonds (LSE: PDL) is exploring options to offload its loss-making Koffiefontein diamond mine in the home country, which is scheduled to reach the end of its life in 2025.The company's preference is to sell Koffiefontein, which had a gross resource base of 5.3 million carats as of June 30, 2021. These resources included 1.1 million carats in the indicated resource category ac...Read More
Several of the world's largest companies including Apple, Tesla and Intel may be using conflict minerals from the Democratic Republic of Congo (DRC) in their products as they rely on a certification scheme accused of helping "launder" irresponsibly mined metals.According to the latest report of Global Witness, an international non-profit that challenges power abuses, several firms that use the Int...Read More
Mining Stock Daily, Released on 4/27/22Peter Boockvar is the Chief Investment Officer of Bleakley Financial Group and Editor of The Boock Report newsletter https://boockreport.com/. bonds, economy, inflation, interest rates, peter boockvar, stocksUnderstanding the Economic Impacts from Rising Rates with Peter Boockvar added by Herman James on 04/27/2022View all posts by Herman James ?+'Read More
Jay Taylor Media, Released on 4/27/22J. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton's International Commodity Division, headquartered in New York City's Battery Park. He studied under David Johnston, head of Hutton's Commodity Division and Chairman of the COMEX. In the 1980s Mike began to develop his own momentum-based method of technical...Read More
The Korelin Economics Report, Released on 4/27/22Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to discuss how the rate of inflation, real interest rates, looking forward at stagflation, and the expectations around the Fed tightening cycle are affecting the gold and gold stocks. We have Jordan provide some technical outlook on the precious metals sector, as well as run through a...Read More
ITM Trading, Released on 4/27/22Question 1: 0:44If you own stocks and the brokerage holds the certificate, can the brokerage seize your stock as part of a bail in? Or can they only bail in uninvested funds in the account?Question 2: 3:27How would we make income in investments during the hyperinflation? Gold is great for accumulating assets, but we still need income.Question 3: 7:00Why are people s...Read More
Silver Bullion TV, Released on 4/27/22SBTV spoke with Alasdair Macleod, Head of Research with Goldmoney, about the evidence pointing to China having accumulated over 20,000 tons of gold in their reserves. Alasdair also believes that Russia's gold reserves greatly surpass the officially declared amount. What are the implications when China and Russia have this large hoard of gold? Follow in on our...Read More
Trends Research, Released on 4/27/22Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, ri...Read More
The Felder Report, Released on 4/27/22This month (so far) has been the worst for the Nasdaq since the stock market was in the throes of the GreatContinue... Jesse Felder: The Trouble For Big Tech Stocks In Two Charts added by Herman James on 04/28/2022View all posts by Herman James ?+'Read More
International Man, Released on 4/27/22 Let me remind you of something that I've said a number of times in the past. But it bears repeating because it's so criticalContinue... Doug Casey on Governments Targeting Retirement Funds... and What You Can Do About It added by Herman James on 04/28/2022View all posts by Herman James ?+'Read More
Wolf Street (via Dollar Collapse), Released on 4/27/22The housing boom is over, and broader effects are beginning. The steep decline of mortgage Continue... Wolf Richter: Mortgage volume crushed by spiking interest, homes sales soon to follow added by Herman James on 04/28/2022View all posts by Herman James ?+'Read More