Normally, this would be ironic: The Fed doesn't need to borrow; it creates money when it needs some. So it wouldn't pay interest. But these are not normal times.Continue...Read More
Silvercrest Metals (TSXV: SIL; NYSE: SILV) continues cutting high grade mineralization at its Las Chispas silver property in Sonora, Mexico.The latest results from a phase three infill drill program at the property included 9.3 metres grading 39.66 grams gold and 3,361 grams silver, or 6,336 grams silver equivalent, from 194 metres downhole and 2.4 metres at 4.3 grams gold and 1,571.5 grams silver...Read More
Silver has rallied in recent weeks following gold higher after a poor performance during the second half of 2018. While the white metal has firmed to see it down by only 8% over the last year, many silver miners have yet to rally. One that's has been heavily marked down by the market because of silver's 2018 price collapse and its own internal problems is Great Panther Silver Ltd. (TSX:GPR)(NYSEMK...Read More
Being a commodity producer is tough. Many savvy investors contend that over the long term, very few if any actually make an economic profit. Sure, there's money to be made, but time and time again, investors have been fleeced while management teams have lined their pockets.The story is almost always the same for miners. Regulatory uncertainties and massive investment costs constantly throw wrenche...Read More
Westhaven Ventures, a British Columbia gold explorer that had a good year with the drill bit in 2018, topped the table of Canadian-listed mining equities with its standout 733% share price gain for the year.It was the best of a long list of juniors (sub-US$100 million market cap) that made up more than 70% of this top-100 compilation.Leaders among the bigger, mid-tier companies included Brazil van...Read More
Drilling for lithium brine at Pure Energy's Clayton Valley property, Nevada. Photo courtesy GeoXplor Corp.Pure Energy Minerals Ltd. [PE-TSXV; PEMIF-OTCQB] said Thursday January 10 that it has received a water right to extract lithium-bearing brine needed for the operation of a planned pilot plant at its flagship Clayton Valley project in Nevada.Pure Energy shares jumped 34.78% or $0.04 to 15.5 cen...Read More
The 127-carat diamond recovered from Lucara's Karowe Mine in Botswana. Source: Lucara Diamond Corp.Lucara Diamond Corp. [LUC-TSX, LUCRF-OTC] said Thursday January 10 that it has recovered a 127-carat top-white gem diamond from its 100%-owned Karowe diamond mine in Botswana.Since mining began at Karowe in 2012, a total of 129 diamonds in excess of 100 carats have been recovered, 33 in 2018 alone. T...Read More
I didn't watch Trump's speech on Tuesday.Nor did I watch the response from the Democrats.To be honest, I was having a great night and didn't want to ruin it by listening to a bunch of lies and misinformation that has become somewhat obligatory for partisan slaves and knuckle-dragging bureaucrats.So instead, I took five milligrams of my favorite chocolate edible and spent the rest of the evening pl...Read More
In their last official duty as student-athletes, Brody Oliver and Jennifer Kendall stood on either side of the commencement podium and launched into the Mines fight song:I wish I had a barrel of rum and sugar three hundred pounds,The college bell to mix it in and a clapper to stir it 'round.Like every honest fellow, I take my whiskey clear,I'm a ramblin' wreck from Golden Tech, a helluva engineer....Read More
Tracy Camp, professor and head of the Computer Science Department at Colorado School of Mines, and master's student Sarah Person recently discussed with 9News a free computer science workshop that Mines will be offering this spring and summer to elementary school teachers across the state of Colorado. Up to 1,500 elementary school teachers across Colorado could receive training this year to teach...Read More
Mark my words: this will be the year that marijuana breaks into the mainstream...The last few years have been filled with fits and starts, but it's high time that cannabis takes its seat as the most profitable new business sector since the tech boom.Last year started with legalization hitting California, making it the largest North American market.We watched as more conservative states like Utah a...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe Toronto-based company said the step was part one of a staged expansion plan outlined in a July 2018 preliminary economic assessment aimed at increasing the production rate to 5,000t/d by 2020.Installation of a refurbished mill, a 1,250kv electrical substation, secondary crusher and a hydrocyclone cluster that allows f...Read More
Kyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal internationalIn releasing its December quarter production results yesterday, the miner said it had exceeded its updated gold guidance, while copper production was in line with forecasts.Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe wire service quoted Collahuasi CEO Jorge Gómez telling reporters at an event in Santiago that it was seeking synergies with operations in the Tarapaca area, including sharing pipe and power lines and potentially desalinated water as water shortages were becoming an issue."It does not make much sense that two companies so...Read More
Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsSustained investment in people a big plus for consultancySPONSOREDbyrnecutThe idea that two otherwise identical companies can produce divergent investment returns simply through differing numbe...Read More
Lucara sells large diamonds for US$32.5mPrecious stonesMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsIn 2014 China invested more than US$239 billion in oil and gas and mineral exploration; that same year, private investment in US explorati...Read More
Sentiment improved after relatively good holiday season, butdealers and cutters concerned about low profit margins, excess supply, andselective demand. Indian bank credit tightening, with ICICI to close Antwerpbranch. Stock markets rebound, with Dow index +2% since Jan. 1, amid optimismfor US-China trade deal. Suppliers focused on Chinese New Year orders, withsteady demand for lower-color and -cla...Read More
Slow trading, with few foreign purchasers in theMumbai market. Buyers selective, but having difficulty finding the right goodsat the right price. Suppliers maintaining stable prices on fresh supply, buthave a lot of older merchandise in stock. Manufacturers keeping productionbelow capacity for now, as concerns about profitability persist. Banks raisingcollateral requirements, with liquidity crunch...Read More
RAPAPORT... Macy's noted strong sales of higher-end jewelry during theholiday season, though lower-priced items were weaker. Fine jewelry was one of seven categories the retailerhighlighted for their positive performances during November and December.However, sales of fashion jewelry and fashion watches missed expectations, itadded in the holiday-sales update Thursday. The department store l...Read More
RAPAPORT... Antwerp-headquartered diamond manufacturer IGC Group hasappointed Kim Pelletier as president of its fine-jewelry division, IGC BrandServices.The Chicago-based subsidiary manufactures diamonds, designs jewelry, and distributes the Naledi brand of engagements rings.Pelletier will oversee the company's growth by developing its contacts withretailers across North America and expanding...Read More