Osisko Pine Point Mining Camp. Source: Osisko Metals Inc.Osisko Metals Incorporated (the "Company" or "Osisko Metals") [TSX-V: OM; FRANKFURT: OB51] is pleased to announce an updated Inferred Mineral Resource Estimate ("MRE") for its 100% owned Pine Point project, located near Hay River, in the Northwest Territories of Canada. The MRE was prepared by BBA Inc. and incorporates an open pit mining sce...Read More
We were supposed to meet at the Canaccord Genuity office on Madison Avenue.But when I got there, I was told to head straight to the Four Seasons, where the president would be waiting for me in a suite on the 11th floor.When I arrived, I was met by a young Canadian attach?(C). She had all the proper credentials to get me straight to the front door, where I was soon greeted by a rather relaxed and f...Read More
While prices for most precious and base metals have been subdued throughout 2018, there has nevertheless been a high level of mineral exploration around the world, as companies seek to fill the project pipeline before the next uptick in commodity prices. Here is a look at eight such companies and projects.ATON RESOURCESVancouver-based, Mark Campbell-led Aton Resources (TSXV: AAN; US-OTC: ANLBF) is...Read More
In a move long sought by mineral explorers active in Canada, Canada's federal government has extended its mineral exploration tax credit (METC) for five years, in contrast to the prior tradition of renewing it annually.The news came in November as part of the government's fall economic statement, which included a $17.6-billion suite of business-friendly tax measures and investments that should ben...Read More
Last week I brought you the harrowing story of the Donner Party. The pioneers are infamous for chasing the American Dream by moving across the country in covered wagons and attempting to start a new life in California.It didn't end well...They burned their place into American History by eating one another to survive.This week I'm going to show you how to weather any stock market storm, and save yo...Read More
Market focused on jewelry retail as Christmas approaches. Brandstargeting female self-purchasers and enhancing omni-channel platforms to drivegrowth. Diamond market stable. November 1 ct. RAPI +0.6%, supported by USholiday demand and preparations for Chinese New Year. Rough trading cautious asmanufacturing profit is tight and inventory high, despite seasonal demand.Signet Jewelers 3Q sales +3% to...Read More
RAPAPORT... Production of lab-grown polished diamonds could grow to 17 million carats annually, taking a significant chunk of the market for small stones, according to Bain & Company. The synthetics industry currently has the capacity to produce about 2 million carats of gem-quality, lab-grown polished per year, the majority of which is under 0.18 carats, Bain estimated in its 2018 Global...Read More
Market improving, with noted presence of Chineseand Israeli dealers looking for goods. SI3-I1 clarities moving better. Buyerspushing for higher discounts and prepared to wait for the right price.Manufacturers operating at reduced capacity, and rough trading restrained aheadof De Beers sight. Local jewelry market stable during ongoing wedding season. RoundRead More
(IDEX Online) - A ring made by Bulgari and set with fancy vivid blue diamond weighing 8.08 carats was sold for $18,312,500 at Christie's New York Magnificent Jewels auction. The auction generated sales of $69,225,750, with 95% of items sold by value and 83% by lot. Christie's said the blue diamond was among the finest such stones ever to have come to market. Sale highlights also incl...Read More
RAPAPORT... Signet Jewelers' shares slumped 14% in early trading Thursday after the retailer reported a deeper loss, even as sales grew.The retailer's net loss intensified to $38.1 million from $12.1 million a year ago due to higher expenses and the absence of interest income from its prime credit program, which it sold for $960 million in October 2017. Same-store sales rose 1.6% in the third...Read More
(IDEX Online) - Zimbabwe is to allow two additional private firms to explore and mine for diamonds, according to Mines Minister Winston Chitando. He did not name the new companies. There are currently two firms operating in the sector. Chitando said the government's new diamond policy would allow for two more private companies to explore and mine diamonds, and that a...Read More
RAPAPORT... In the era of fake news and synthetic diamonds, it was a matter of time before the two would meet. They did so recently in the form of editorials in the South China Morning Post (SCMP) and on the Russia Today (RT) TV channel, which took some cheap shots at the diamond trade. The ill-informed pieces highlight some still-prevalent misconceptions about the industry's ethical practices. Th...Read More
RAPAPORT... A ring made entirely from lab-grown diamond sold for$256,250 at Sotheby's on Wednesday, beating its presale estimate. The ring doesn't exist yet and doesn't have a fixed caratweight, as Diamond Foundry, its manufacturer, will craft the piece to fit thewearer. It will contain no metal and is the creation of Apple chief design officer SirJony Ive and industrial designer Mark Newson....Read More
(IDEX Online) - 'Conservation', the first video in the Diamond Empowerment Fund (D.E.F)'s new Real Stories, Real Diamonds, Real Impact campaign targeting Millennials, has garnered 11 million impressions in the first month alone, the organization said. The one-minute video, which appears on both the Diamonds Do Good website and on YouTube, garnered 7 million views of at least 30 seconds, an...Read More
RAPAPORT... A 24.31-carat diamond ring fetched $2.4 million at a Bonhams auction in London onWednesday. The step-cut, D-color, internally flawless piece sold for$98,194 per carat, beating its presale estimate of $1.7 million to $2.3million, the UK company said. "This magnificent gem was greatly admired during our previewsin London, New York, Los Angeles and Hong Kong," said Emily Barber, UK...Read More
RAPAPORT... A Bulgari diamond ring surpassed its estimate at Christie's inNew York on Wednesday, bringing in more than $18 million. The cushion-cut, 8.08-carat, fancy-vivid-blue piece was the event'stop seller at $18.3 million, beating its presale estimate of $13 million to $18million. It completes a mixed week for colored-diamond sales after a 10.62-carat,fancy-vivid-blue diamond - estimated...Read More
Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry.This week:AdvertisementGold One launches R100m plant expansion projectOverly prescriptive policies threaten mine profitabilityAdvertisementAnd, Zest WEG Group delivers R200m electrical infrastructure solution at Petra’s Cullinan diamond mineGol...Read More
* OPEC, Russia moving closer to agreeing oil cuts for 2019* Russia's Lukoil says ready to cut oil output if necessary* Saudi crude output hits record 11.3 mln bpd in November (Adds settlement prices, commentary)By Stephanie KellyNEW YORK, Dec 5 (Reuters) - Oil prices dipped on Wednesday ahead of a meeting of the world's biggest exporters, who will discuss cutting output to help shore up prices and...Read More
* Repo rate held at 6.50 percent* RBI retains "calibrated tightening" stance* Cutting minimum bond holding ratio to spur bank lending* Bond yields fall as RBI lowers inflation projection (Adds further comments from government statement)By Swati Bhat and Suvashree ChoudhuryMUMBAI, Dec 5 (Reuters) - India's central bank kept interest rates unchanged on Wednesday, in a decision that was wid...Read More
MUMBAI, Dec 5 (Reuters) - The Reserve Bank of India would be ready to take policy action if upside risks to inflation do not materialise, Governor Urjit Patel said on Wednesday after the central bank announced it was holding interest rates steady for now. the assessment that growth will likely remain healthy for the rest of the year, the MPC (monetary policy committee) retained its stance at calib...Read More