Yesterday we ventured a cowardly 2019 forecast, in humble recognition of our erring psychic vision.Markets would rise, we soothsaid - or fall - or end the year precisely where they began.We likewise predicted the economy would advance, retreat or jog in place.Some readers denounced our abject cowardice.Take your stand upon one hill or the other, they thundered. But take your stand:"Make a call," d...Read More
Newly public Finland gold explorer Firefox Gold (TSXV: FFOX) recently identified five new gold targets on its Jeesio gold project in Northern Finland's central Lapland greenstone belt after compiling samples in its geochemical database.The 2,751-sample Jeesio database contains 838 new till samples from the company's recently completed bottom of till sampling program, 768 historical Geological Surv...Read More
by Robert KientzSummaryI discuss the recent streaming deal with Northern Vertex CEO Ken Berry.We also go over the $8 million private placement.During the interview, we cover extensively the accomplishments for 2018 as well as the options the company has to expand production and acquire new assets.I analyze the optionality for both companies, Maverix and Northern Vertex.I discuss why this deal, alo...Read More
Gold rallied substantially toward the end of 2018, and it's now trading at close to US$1,290 per ounce. This can be attributed to rising uncertainty concerning the global economic outlook and greater geopolitical risk fueled by Trump's erratic approach to policy making. That notable increase sees the yellow metal up by around 1% over the last year and has been a boon for gold miners.Despite gold's...Read More
The company said in early December the Ethiopian government would formally sign off on its resettlement plan, project financing and construction schedule for the gold project "in the coming weeks". Sign-offs are needed for these on top of the mining licence, which Kefi got in 2015. The company now says this round of approvals will be done by the end of January."We reported that we expect...Read More
The Vancouver Resource Investment Conference (VRIC), to be held on January 20-21, is shaping up to be the largest show in six years, organiser Cambridge House International CEO Jay Martin told MiningRead More
Gold and silver looking good, still, so far… Remember, in a “legit bull market” for precious metals, silver will lead gold…This separation fits the description, but will need to widen considerably, with silver outperforming gold significantly, for a true bull market to be in play…The gold-to-silver ratio will need to fall sharply as well, from current levels (80 and a...Read More
It's the dumbest New Year's resolution I've ever heard."This year, I'm going to start investing and start getting rich!"You know what kind of people make New Year's resolutions like that?Poor people!Why would anyone "wait" to get rich?If it were the middle of summer and you figured out a way to more than double your money on a single stock, would you wait until the new year to buy that stock? Of...Read More
Matt Siegfried, a physical glaciologist and new assistant professor of geophysics at Colorado School of Mines, is currently in Antarctica contributing to the Subglacial Antarctic Lakes Scientific Access (SALSA) project, and his work, to service one of the continent's remote GPS stations, was featured by the Gizmodo news site Earther. Funded by the National Science Foundation, SALSA aims to improv...Read More
At more than 60% built, mine construction has unfolded mostly as planned at Victoria Gold's (TSXV: VIT) Eagle gold project in the Yukon, according to president and CEO John McConnell."Mother nature has been the biggest nuisance," McConnell says in a telephone interview with The Northern Miner."We had an extremely wet spring, which hampered earthworks. Then we had a very warm fall and start to wint...Read More
Japan's Ministry of Economy, Trade and Industry has approved Irving Resources' (CSX: IRV) Otoineppu prospecting plan at its Omu Sinter prospect, part of its 100% owned Omu gold-silver project near Hokkaido, Japan.Irving will now submit a mine safety regulation permit to the Japanese government. The company meanwhile is trying to get work permits for a Canadian drill crew to run an upcoming drill p...Read More
Exploring Firefox Gold's Mustajarvi Project in Finland. Source: Firefox Gold Corp.FireFox Gold Corp. [FFOX-TSXV] on Thursday January 3 reported new results from a 2018 field program at its 100%-owned Mustajarvi gold project in the Central Lapland Greenstone Belt in Finland.The company said sampling along two intersecting mineralized structures has identified high-grade gold. This expands the range...Read More
LONDON, 3 January 2019 - BullionVault director of research Adrian Ash was a guest today on India finance channel CNBC-TV18, talking about the surge in precious-metal prices."It's a very happy New Year for gold owners right now," said Adrian by phone from London, noting the 7-month Dollar peak."The price is moving very quickly in other currencies. Clearly what's driving this move is what's happenin...Read More
by Robert KientzSummaryI discuss the recent streaming deal with Northern Vertex CEO Ken Berry.We also go over the $8 million private placement.During the interview, we cover extensively the accomplishments for 2018 as well as the options the company has to expand production and acquire new assets.I analyze the optionality for both companies, Maverix and Northern Vertex.I discuss why this deal, alo...Read More
Zijin announced last Friday it had accepted 89.37% of the total outstanding Nevsun shares tendered under the takeover offer and will pay $1.67 billion for the tendered shares.Read More
Rhyolite Ridge PFS beats expectationsSPONSOREDioneerThe Vancouver Resource Investment Conference (VRIC), to be held on January 20-21, is shaping up to be the largest show in six years, organiser Cambridge House International CEO Jay Martin told MiningRead More
Happy New Year! Diamond trade ends relatively good year with1 ct. RAPI +0.7% despite weak 2H. Diamond manufacturers cautious amidexpectations of continued midstream consolidation due to bankruptcies andmergers. Dealer market quiet over New Year holiday. Polished suppliers start2019 with high inventory of small goods up to 0.30 ct. Total diamonds listed onRapNet +24% year on year to 1.5M on Jan. 1....Read More
Polished trading down, with few foreign buyers inthe market over Christmas-New Year. Suppliers holding prices firm during lull,but willing to discount on very old stock. Manufacturers raising polishedproduction, but wary due to high inventory levels. Consolidation expected thisyear as bankruptcy rumors persist. Jewelry sales stable during ongoing weddingseason. RoundRead More
RAPAPORT... Two Indian trade groups have agreed to promote the country'sjewelry in the United Arab Emirates (UAE). The Gem & Jewellery Export Promotion Council (GJEPC) andthe Metals and Minerals Trading Corporation of India (MMTC) have entered apartnership aimed at stimulating interest in Brand India in the Gulf country,the GJEPC said Wednesday. GJEPC chairman Pramod Agrawal met with Ved...Read More
RAPAPORT... Nilesh Sheth has been reelected as president of the IndianDiamond & Colorstone Association (IDCA), the organization said Wednesday. Sheth, who is president of Nice Diamonds, was voted in unanimouslyat the New York election on December 12. Members elected Sujan Doshi from S.A. Diamonds as vice president to succeed Rakesh Barmecha. The board's executive committee will also include R...Read More