Kakamega County has 1.31 million ounces of deposits valued at Sh171 billion, according to Mining MinistryRead full newsRead More
The Chinese and JP Morgan are at it again by gobbling up all available physical silver. Here's Harvey with an explanation...by Harvey Organ of Harvey Organ BlogDEC 17/DOW DROPS ANOTHER 500 POINTS WITH THE NASDAQ DOWN 156 POINTS/GOLD RISES BY $10.60 TO $1248.00/SILVER UP ANOTHER 13 CENTS/CHINA REPORTS UGLY NUMBERS FROM RETAILS SALES AND INDUSTRIAL PRODUCTION/TURMOIL IN FRANCE, BELGIUM, THE NETHERLA...Read More
Peter KrauthThe price of silver managed to hold onto recent gains this week, despite renewed dollar strength.Volatility has been soaring as the market's been thrashing around, with the S&P 500 down another 5% in the last five trading days.We also know from the latest Commitment of Traders reports that money managers have been covering their short silver futures positions, especially in the wak...Read More
Looking for some tips to maximize your gold and silver stacking in 2019? Matt has four awesome tips which can help do just that...by Matt form Silver Fortune via Silver FortuneThese have been some prime years to accumulate silver and gold.It remains to be seen if 2019 will be similar, but here are some tips to maximize your stack in 2019. Read More
The 2019 exploration drilling plan for the Wheler River uranium project. (Image: Denison Mines Corp.)SASKATCHEWAN -Denison Mines Corp. and its partners in the Wheeler River uranium joint venture have agreed to spend $10.3 million to advance the project next year. A major undertaking will be to initiate the environmental assessment and engineering studies.The target of this activity will be the Pho...Read More
A map of Skyharbour's uranium projects in the Athabasca Basin. (Image: Skyharbour Resources)SASKATCHEWAN - Fifteen kilometres from the rapidly advancing Wheeler River project, Vancouver's Skyharbour Resources is finding high grades at the Moore uranium project.Drill hole ML18-14 intersected high grade uranium mineralization within the Main Maverick zone consisting of 3.11% uranium oxide over 1.8 m...Read More
AUSTRALIA - BHP Group has commissioned the new ramp at its Olympic Dam iron ore-copper-gold mine, and it doubles the haulage capacity for its trucks. The Kalta decline is key to reaching the Southern mine area where BHP is mining high grade copper resources.BHP spent A$250 million to develop the Southern mine area, and another $40 million on the ramp. The first ore from the area was produced in mi...Read More
Weekly Reports |Dec 18 2018December typically sees a pre-Christmas squaring up among uranium market participants. Last week was no exception.-End of year squaring-Spot price unchanged-Market in balance By Greg PeelIn this, FNArena's final Uranium Week for 2018, we note industry consultant TradeTech's weekly spot price indicator remains unchanged at US$29.00/lb. This is despite solid volume of 1mlb...Read More
If we want to know where Gold is going we should follow Gold. Right?How about following gold stocks? At times, they lead Gold.What about the U.S. Dollar? Wrong!In 2019, one market more than any other will impact Gold.That is the stock market.History argues (within the current context) that when the Federal Reserve ends its rate hikes, Gold's downtrend will be over and when the Fed cuts rates, the...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe miner picked up another 28.87 million SolGold shares from third parties at a price of 40p, a premium to SolGold's London closing price overnight of 35.45p.The total investment equat...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 consultancySPONSOREDbyrnecutLast week, Bacanora Lithium shareholders were better served li...Read More
The gold explorer and development company has accelerated from the initial discovery at Namdini in 2015, to delivering a resource update, maiden reserve, preliminary economic assessment and preliminary feasibility study in the past 12 months alone.Along with strengthening its board with the appointment of ex-Barrick Dr Kenneth G Thomas and former Centamin Egypt director Trevor Schultz, and ga...Read More
RAPAPORT... Belgium's polished trade dropped in November, according todata from the Antwerp World Diamond Centre. Exports fell 11% amid a loweraverage price, with volumes down 1%. Rough shipments also declined. However,polished trading is up for the year to date, with rough mostly flat. Millions unless stated otherwiseRead More
RAPAPORT... De Beers sold $540 million of rough diamonds in its Decembercycle, buoyed by the return of Indian manufacturers from their seasonal holidayshutdown, the company said Tuesday. Revenue from the 10th cycle, including last week's sight inBotswana, jumped 22% from $442 million during the previous cycle. Proceedsclimbed 19% versus a year ago. Sales "continued to be in line with expectations...Read More
RAPAPORT... The Indian trade fell by most key measures in November,according to data from the Gem & Jewellery Export Promotion Council(GJEPC). Polished exports slid to their lowest level since December 2016, when demand dropped in the aftermath ofIndia's banknote demonetization, while rough shipments alsodropped significantly. The year-on-year slumps come amid weaker demand forsmaller goo...Read More
RAPAPORT... This was the year in which synthetic diamonds wentmainstream. De Beers launched its Lightbox brand, the US Federal TradeCommission (FTC) relaxed its rules for describing lab-grown diamonds, andthe likes of Macy's and JCPenney started stocking synthetics for theholiday. Two of those three stories feature in the top 10 most-read articles onDiamonds.net this year.Martin Rapaport's takes o...Read More
(IDEX Online) - Russian diamond miner ALROSA reported that global jewelry sales rose 4% overall in the third quarter of 2018. North America, the largest diamond jewelry market, showed a 4% sales increase in Q3 compared to the same period last year. "According to key retailers, stable growth was driven by increased demand from the local population," the firm said. "In the Asia Pacific...Read More
(IDEX Online) - De Beers sold rough diamonds with a provisional value of $540 million in the 10th sales cycle (Global Sightholder Sales and Auction Sales) of 2018. The miner's two previous sales had both been below $500 million. The miner reported confirmed sales of $442 million in the ninth cycle, compared with an initial provisional figure of $440 million. Bruce Cleaver...Read More
(IDEX Online) - Sales of fine jewelry and fine watches rose by 5.7 percent in the U.S. market in October, when compared to the same month a year ago, as the graph below illustrates. The rise is the second-lowest seen so far this year, but is nonetheless a solid increase. Overall sales in October, the last month for which figures are available, were an estimated $5.8 billion, accordi...Read More
Diamond miner De Beers sold $540-million worth of diamonds in the tenth sales cycle of this year, bringing its total sales for the year to about $5.39-billion.The most recent sight yielded the strongest results for a final sales event in at least three years and compares with $455-million worth of diamonds sold in cycle ten of 2017 and $422-million sold in the same period of 2016.AdvertisementThe...Read More