Petra Diamonds (LSE: PDL) said on Monday it had halted operations at its Williamson mine in Tanzania after a tailings storage facility burst, causing flooding in nearby areas.The company, which also operates three mines in South Africa, said the eastern wall of Williamson's tailing dam was "breached," but said in an email that the pit was not affected.Petra noted that there were no injuries or fat...Read More
SolGold (TSX: SOLG; LSE: SOLG) has secured $50 million in royalty financing from Osisko Gold Royalties (TSX: OR; NYSE: OR), which will help the miner fund the development of its Cascabel copper-gold property in northeastern Ecuador.Osisko will receive a 0.6% net smelter return (NSR) interest from SolGold, calculated with reference to NSRs from the Cascabel licence area. SolGold has a buy-back opti...Read More
Gold Fields (NYSE: GFI; JSE: GFI) has ruled out the possibility of raising its offer for Yamana Gold (TSX: YRI; NYSE: AUY) after two Canadian miners teamed up last week and put an unsolicited US$4.8 billion bid on the table.The cash-and-stock offer from Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Pan American Silver (TSX: PAAS; NASDAQ: PAAS) on Friday trumped Gold Fields' bid, which valued Yamana...Read More
Ontario is one of the world's premier mining jurisdictions. Here's a look at eight companies exploring the province for gold, PGMs, lithium and more.First Mining Gold First Mining Gold's Springpole project in northwestern Ontario. First Mining Gold photoFirst Mining Gold (TSX: FF; US-OTC: FFMGF) has gold projects in Ontario and Quebec. In northwestern Ontario, the company is advancing its flagshi...Read More
Jonesy - Twitter, Released on 11/7/22Interesting history lesson from @t1alpha this morning:" . . .this bear market has lasted longer than 211 trading days . . . This may serve as a warning for the bulls, as drawdowns that do not bottom out within 200 days typically extend out into 300 days plus " pic.twitter.com/POsU7unR5J- Jonesy (@HedgeyeDJ) November 7, 2022 Is it different this time? added by H...Read More
CNN, Released on 11/7/22"These few billionaires together have 'investment emissions' that equal the carbon footprints of entire countries like France, Egypt or Argentina. "These billionaire investors at Continue... STUDY: Billionaires emit a million times more greenhouse gases than the average person added by Herman James on 11/09/2022View all posts by Herman James ?+'Read More
Philly baseball doesn't have a good track record when it comes to the economy.Just two weeks after the 1929 World Series win by the Philadelphia Athletics, the U.S. plunged into the Great Depression.In 1980, the Philadelphia Phillies won their first World Series title, but that was followed by a three-year recession that resulted in Ronald Reagan's election.And the Phillies won one other time in 2...Read More
CEO.CA caught up with Christina McCarthy, CEO of Paycore Minerals Inc. (TSXV: CORE) and Jim Gowans, Chairman of Paycore, ...Read More
Whether you like it or not, the holiday season is already in full swing. But after Fed chair Powell played the Grinch at the FOMC ...Read More
BloorStreetCapital #EVs #ChargingStations EVs have grown from 55k in 2011 to 10 million by 2022. There are 48k charging ...Read More
Protein-packed, gluten-free and drought-resistant, fonio - a grain indigenous to West Africa - has long been seen as an ideal ...Read More
The key yield curve has inverted, shouting loudly that a recession is coming - and with it, better times for gold.I activated the high-degree recession alert! I’ve been writing about the downturn for some time, but in October, another important indicator flashed a red light. As you can see on the chart below, the key yield curve has inverted. Earlier this year, the spread between 10-year and...Read More
Mp>The Fed delivered another 75-basis points hike. Gold didn’t like the FOMC meeting and declined further.November’s FOMC gathering is behind us. It was quite boring. You know, another meeting, another 75-basis points hike…The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided...Read More
Retirement Lifestyle Advocates, Released on 11/6/22It's a mess, our policymakers have screwed up on a scale that historians are going to have a field day with. And we right now are living through the consequences of those screwups. There's very little politically that can be done, the problems themselves are mathematically unsolvable. This week on Retirement Lifestyle Advocates radio we welcome ba...Read More
The key yield curve has inverted, shouting loudly that a recession is coming - and with it, better times for gold.I activated the high-degree recession alert! I’ve been writing about the downturn for some time, but in October, another important indicator flashed a red light. As you can see on the chart below, the key yield curve has inverted. Earlier this year, the spread between 10-year and...Read More
Mp>The Fed delivered another 75-basis points hike. Gold didn’t like the FOMC meeting and declined further.November’s FOMC gathering is behind us. It was quite boring. You know, another meeting, another 75-basis points hike…The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided...Read More
RAPAPORT... De Beers is working on a new testing machine for screening some of the tiniest melee diamonds, claiming the move will help the industry spot synthetic stones more efficiently.The new instrument will enable fast and automated verification of up to 3,600 stones per hour in the 0.001- to 0.0033-carat (0.6- to 1-millimeter) range, the miner said Friday. The equipment, part of the comp...Read More
RAPAPORT... Titan Company's sales and profit jumped in the second fiscal quarter as the Indian retailer benefited from solid festive demand. Revenue - including at subsidiaries - climbed 22% year on year to INR 92.24 billion ($1.11 billion) for the three months ending September 30, the company reported last week. The jeweler registered a profit of INR 8.35 billion ($100.9 million), a 30% incr...Read More
RAPAPORT... De Beers has hired Antoine Borde as CEO of its Lightbox lab-grown diamond brand. He will succeed Steve Coe, who left the company in July.Borde was most recently global e-commerce vice president at French multinational food-products corporation Danone Group. He also worked at Coty Luxury, where he led e-commerce and digital transformation, and spent 12 years at cosmetics giant L'Or?(C)a...Read More
RAPAPORT... US holiday spending is set to top last year's record figure, as consumers dip into their savings and rely on credit to provide gifts for loved ones, the National Retail Federation (NRF) has forecast.Retail sales in November and December will grow between 6% and 8% year on year, for a total of $942.6 billion to $960.4 billion, the organization predicted last week. The average increase o...Read More