Core shacks at NexGen's Rook I project in the Athabasca Basin. (Image: NexGen Energy)SASKATCHEWAN - Vancouver-based NexGen Energy now has results from latest batch of 29 holes it drilled at the Rook I uranium property in the Athabasca Basin. The program set out to characterize areas within the Arrow deposit's footwall, lateral development, potential underground infrastructure locations. The inform...Read More
Polished market stable as jewelers complete holiday orders. Outlookoptimistic for season, but stock-market volatility may impact luxury spendingafter Dow slumps 3.7% during Thanksgiving week. Mall-based retailersdiscounting to compete with online Black Friday deals. Prices of small polishedweak. Manufacturing margins tight, despite recent rough price cuts. DeBeers Nov. sight valued at $440M. Hong...Read More
Dealers cautious after Diwali break, amid tight liquidityand fresh bankruptcy rumors. Fewer transactions than this time last year.Manufacturers have enough inventory, and factories remain closed. Good market forVVS ahead of upcoming wedding season. Steady gold sales reported over Diwali. Round -1 point:Read More
RAPAPORT... Alrosa sold $9.5 million worth of rough diamonds at alarge-stone auction in Dubai, the Russian miner said this week. The 141 diamonds - each over 10.8 carats - weighed a combined2,140 carats, and fetched an average price of $4,439 per carat, Alrosa reportedTuesday. Companies from India, Belgium, the United Arab Emirates,Israel, Hong Kong and Russia participated in the auction, with 28...Read More
(IDEX Online) - The winter edition of the Vicenzaoro show will take place from January 18-23, said organizers the Italian Exhibition Group S.p.A. (IEG). The first major tradeshow of the year, it is regarded as setting the scene for upcoming jewelry trends and as a showcase for the launch of leading jewelry brands' latest creations, said the IEG. Exhibitors are divided in relation to...Read More
RAPAPORT... Debswana, De Beers' Botswana joint venture, has appointedJwaneng mine chief Albert Milton as managing director. Milton will take up the position on December 1, succeedingBalisi Bonyongo, who is retiring, De Beers said Wednesday. Bonyongo will remainat Debswana as a consultant for three months, the miner added. Milton has worked at Debswana for more than 25 years, andhas been gener...Read More
(IDEX Online) - India's polished diamond exports rose by 19.4% on the year in October, according to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC). Exports of cut and polished goods totaled $2.31 billion compared with $1.93 billion in October 2017. Imports of polished stones dropped 33.1% on the year to $92.1 million in October. Total ge...Read More
A R200-million electrical infrastructure project has been impressively completed at the Cullinan diamond mine of the London-listed Petra Diamonds through the combined effort of four Zest WEG Group companies. The companies adopted an integrated solutions approach in providing multiple and diverse energy packages on surface and underground to power the celebrated 116-year-old mine well into the futu...Read More
This translated to full diluted earnings per share of €0.022 per share, down from €0.023/share a year ago.Profits after tax for the January-September period almost doubled to €27.6 million, up from €14.5 million a year ago, with fully diluted earnings for the period at €0.20/share, up from €0.12/share a year ago.The copper miner reported quarterly revenues of €42...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThose that rocked up were also treated to a rundown by some Brazilian guys on the assets OZ picked up with the $418 million acquisition of Avanco in March, and an update on the pathway to a development decision on the $730-800 million West Musgrave joint venture.Those that attended have been reporting back that nothing material was...Read More
Kyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal internationalBased on a US$3 per pound copper price and $1,300/oz gold, the study calculated an after-tax net present value, at an 8% discount rate, of US$2 billion (C$2.6 billion) and an internal rate of return of 18.6%."Long-term copper fundamentals are strong, and the global project pipeline is at multi-decade lows. We...Read More
Three-month base metals prices on the London Metal Exchange continued to give mixed performances this morning, Thursday November 22. Zinc and lead showed weakness with prices down by 0.4% and 0.3% respectively, while tin prices were up by 0.3%. The rest were little changed, with the three-month copper price up by 0.1% at $6,242 per tonne.Volume has been below average with 4,562 lots traded as at 7...Read More
U.S. equity markets are closed for the Thanksgiving holiday. Index futures were slightly lower in overnight trade. Asian equity markets were mixed and European equity markets were lower in overnight trade.The Canadian Dollar added 0.04 to 75.62 cents U.S. following release of the Federal Government's fiscal review.EquityClock's Daily Market Comment for today and tomorrowFollowing is a link:http://...Read More
DR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftMahenge 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 mineralsGlobal equity markets had started to wobble in the early weeks of 2018 with a nine-day drop of 9% after a n...Read More
DR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftMahenge 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 mineralsI do love a good car-boot sale. Early Sunday morning, coffee in hand, happy dog and moaning children a...Read More
Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist. Read More
Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when she was recruited to work for an intern...Read More
Jordan Roy-Byrne gives a quick update on the metals sector. He looks at the discrepancies between the GDX and GDXJ charts. He also considers the impact of the upcoming Fed meeting in December and the possibility of a relief rally in the US markets. This bounce in GDX has already gone on a longer than we thought but there is some serious resistance ahead.Jordan Roy-Byrne, CMT is a Chartered Market...Read More
Erik Townsend and Patrick Ceresna welcome Jeffrey Christian to MacroVoices. Jeffrey is the Managing Director and Founder of CPM Group. Erik and Jeffrey discuss the recent moves in gold and look at the forecast for 2019 and beyond. They further discuss why investment demand has dropped and more importantly, is it turning? The touch on silver and give perspective on the gold:silver ratio. Finally, t...Read More
All through the bear market hopeful rationalizations were served up for a bullish case on the gold miners. All through the bear market we warned people not to eat that rotten turkey!China demand, the China and India “love trade”, cyclical inflation driving up the prices of commodities and resources and the classic… economic growth in the US will create cost-push inflation throug...Read More