The outlook for silver remains poor with weak fundamentals, including declining industrial consumption and an emerging supply glut weighing on its price. While silver has gained 2% since the start of 2019 to trade at US$15.74 an ounce, many producing primary silver miners have lagged, with some, including First Majestic Silver, losing over 4%. Regardless of larger silver miners with operational as...Read More
Gold rallied sharply in recent weeks to be up by 3% since the start of 2019 and to trade over the psychologically important US$1,300-an-ounce mark. There are signs that gold is heading higher in coming months because of rising economic and geopolitical uncertainty. Many analysts believe that the yellow metal has entered a new bull market and will reach US$1,350 per ounce before the end of the year...Read More
After a fatal attack on its employees in late September 2018 Colombian gold miner Continental Gold Inc.'s (TSX:CNL) market value collapsed. This saw its stock fall from 2018 highs of over $4 per share to a two-year low of $1.76 per share. Since then, Continental Gold's price languished below $2 a share until Tuesday of last week, when its value surged to well over $2 and gaining 26% in less than a...Read More
The last year was a tough one for silver miners and investors. While gold ended the year on a positive note, rallying strongly to eventually climb to over US$1,300 an ounce by late January 2019, silver remains caught in a deep slump, where it continues to trade at under US$16 per ounce. This has weighed heavily on the performance of many primary silver miners to see the Global X Silver Miners ETF...Read More
Reunion's Aremu prospect in Guyana showing artisanal mining. Source: Reunion Gold Corp.Reunion Gold Corp. [RGD-TSXV] said Monday has agreed to embark on a strategic alliance with Barrick Gold Corp. [ABX-TSX, NYSE] to explore, develop and mine mineral properties in the Guiana Shield of South America.Under the agreement, the two companies will form a 50:50 alliance that will cover certain mineral pr...Read More
The Max Resource 30-person exploration camp and bulk testing facilities in Colombia. Source: Max Resource Corp.[MXR-TSXV; MAXROF-OTC; M1D1-FSE] rallied strongly in active trading Monday February 4 after the company said it has signed a sponsorship deal with Star Finance GmbH, a privately-owned communications services provider based in Steinhausen, Switzerland and Cologne, Germany.Max shares jumped...Read More
The World Gold Council (WGC) recently agreed that global investors will "continue to favor gold as an effective diversifier and hedge against systemic risk." The rise in protectionist policies around the world is chief among the risks since they tend to lead to higher inflation and slower economic growth over the long term.I agree and believe that gold will put in higher lows this year that provid...Read More
Silver recently started outperforming gold again, a watershed event. For long years this white metal has mostly lagged the yellow one, relentlessly battering silver sentiment. But gold surging into year-end 2018 finally sparked some life into moribund silver. This is a bullish sign, as silver has soared in the past once rising prices reach critical mass in attracting new investment capital....Read More
Alderan unlocking Frisco potentialSPONSOREDalderan resourcesCortadera is located near Hot Chili's Productora and El Fuego ground, and features drill hits ranging from 90m grading 1% copper and 0.4 grams per tonne gold from 4m downhole, to 864m at 0.Read More
The pressure on platinum miners is different to that in gold, though the outcome could be similar as the threat of a global rush into electric vehicles cuts demand for both platinum and its sisterRead More
RAPAPORT... Belgium's polished exports were flat in 2018 as a higheraverage price offset a drop in volume, according to data the Antwerp WorldDiamond Centre (AWDC) released recently. Weakness in the market for smallerstones prompted an increase in trading in larger diamonds, leading to thehighest annual average price on record, Rapaport archives show. Strong polisheddemand in the US and Hong Kong...Read More
RAPAPORT... A New York district court has granted jewelerDavid Yurman protection against websites selling counterfeitmerchandise under its brand. Judge Paul Oetken issued a permanent injunction against 31unnamed websites, preventing them from distributing, advertising or selling anyfake David Yurman products, the jeweler said last week. He also awarded thejeweler nearly $1.6 million in statut...Read More
RAPNET PRESS RELEASE, February 4, 2019,Las Vegas... RapNet, the world's largest diamond trading network, announcesthe introduction of jewelry into its global trading network. RapNet members cannow upload jewelry images and data, perform detailed searches, and directlytrade jewelry with each other without any fees or commissions. There are noadditional fees to use this service. Theaddition of jewel...Read More
(IDEX Online) - Mountain Province Diamonds Inc. will include an exceptional quality, 60.59-carat, fancy vivid yellow rough diamond in it its upcoming rough diamond sale. The diamond was recovered at the company's Gahcho Ku?(C) Mine last October. Reid Mackie, Vice President Diamond Marketing, commented: "The discovery of this diamond demonstrates our ability to produce very larg...Read More
RAPAPORT... Sales grew at Firestone Diamonds in the second fiscal quarter as stronger volumes outweighed a lower average price, the miner reported Monday. Proceeds from rough sales at the company's Liqhobong mine inLesotho increased 11% year on year to $13.9 million for the period endingDecember 31, according to Rapaport calculations. Sales volume rose 22% to191,735 carats, with the miner ach...Read More
RAPAPORT... A New York district court has granted jewelerDavid Yurman protection against websites selling counterfeitmerchandise under its brand. Judge Paul Oetken issued a permanent injunction against 31unnamed websites, preventing them from distributing, advertising or selling anyfake David Yurman products, the jeweler said last week. He also awarded thejeweler nearly $1.6 million in statut...Read More
Aim-listed Firestone Diamonds on Monday reported that it had treated 1.9-million tonnes of ore in the six months to December 31, in line with the company’s full-year guidance of between 3.6-million tonnes and 3.9-million tonnes treated.In a quarterly operations update for its Liqhobong diamond mine, in Lesotho, Firestone noted that 884 252 t of ore were treated in the quarter, lower tha...Read More
RAPAPORT... Sales grew at Firestone Diamonds in the second fiscal quarter as stronger volumes outweighed a lower average price, the miner reported Monday. Proceeds from rough sales at the company's Liqhobong mine inLesotho increased 11% year on year to $13.9 million for the period endingDecember 31, according to Rapaport calculations. Sales volume rose 22% to191,735 carats, with the miner ach...Read More
Billet prices increased last week in the Commonwealth of Independent States (CIS), Turkey, Southeast Asia and most other regions due to rising scrap costs.Fastmarkets' daily ferrous scrap index of North Europe-origin HMS 1&2 (80:20) was $297.39 per tonne cfr Turkey on Friday February 1 compared with $288.01 per tonne cfr on January 25.The increase was mostly due to tight supply in Turkey.Iron ore...Read More
Billet prices increased last week in the Commonwealth of Independent States (CIS), Turkey, Southeast Asia and most other regions due to rising scrap costs.Fastmarkets' daily ferrous scrap index of North Europe-origin HMS 1&2 (80:20) was $297.39 per tonne cfr Turkey on Friday February 1 compared with $288.01 per tonne cfr on January 25.The increase was mostly due to tight supply in Turkey.Iron ore...Read More