The only possible bright spot at the moment is coming from silver as we've been waiting all year for the eventual... by Craig Hemke via Sprott Money NewsWe've been waiting all year for the eventual Fed "pivot", but there are no signs of it yet and, for now, COMEX precious metal prices continue to fall.And what a strange year it has been. In our annual forecast we wrote back in January, we stated...Read More
Big changes in silver inventory with no silver around...by Harvey Organ of Harvey Organ Blog//ANOTHER PAPER GOLD/SILVER RAID: GOLD CLOSED DOWN $20.65 TO $1630.20//SILVER IS DOWN 27 CENTS TO $18.41//PLATINUM IS DOWN 24.10 TO $888.75//PALLADIUM IS DOWN 20.15 TO $1997.45//GOLD PRICE CLOSE: DOWN $20.65 to $1630.20SILVER PRICE CLOSE: DOWN $0.27 to $18,41Access prices: closesGold ACCESS CLOSE 1629.10S...Read More
The market consensus was met on the back of higher gold and copper sales which offset rising costs and lower metals prices. Earnings per share (EPS) of $0.Read More
Cerrado eyes feasibility study for Brazil assetSPONSOREDcerrado goldTENDER FOR THE EXPLOITATION OF THE BAUXITE BLOCK OF SANTOU (TELIMELE), GUINEASPONSOREDcenter for mining promotion and development (cpdm)Metal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedThe results compared to a year earlier when Alcoa saw a net income of US$337 million, and US$1.76 per share.Read More
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Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.How much copper is needed to successfully meet the climate targets set out by the Paris Agreement? Wood Mackenzie quantifies the scenario in its latest research report, ‘Red metal, green demand: copper’s critical role in a...Read More
News: Diamond market cautious ahead of Diwali festival. Indian manufacturers raising discounts to boost sales before the break, since factories close from Oct. 24. Dealers expect further price declines and lack urgency to buy. US bridal and high end lifting the industry as early holiday shopping begins. Consumers seeking deals as inflation, rising interest rates and volatile stock market squeeze...Read More
RAPAPORT... Informa plans to bring its Jewelry & Gem World (JGW) trade show back to Hong Kong in September 2023, benefiting from a loosening of local coronavirus measures.The fair, previously one of the industry's most important events of the year, has not taken place in its usual form since before the pandemic, as travel bans and quarantine rules have deterred exhibitors and buyers. The...Read More
RAPAPORT... India's polished-diamond exports rose 12% year on year to $2.13 billion in September as a higher average price offset a drop in volume, according to recent data from the country's Gem & Jewellery Export Promotion Council (GJEPC). Rough imports decreased during the month. This indicated an improvement in the sector's inventory situation following two consecutive months in which...Read More
"Few mines get to achieve this milestone and we are only halfway through the ore body," CEO Martin Horgan said in an earnings call. Total gold produced in the Q3 was at 127,512 oz.Read More
RAPAPORT... Is the growth in lab-created diamonds being driven by consumer desire or the retail jeweler's sales pitch? The question arose in a recent episode of the Rapaport Diamond Podcast, as well as in a webinar panel discussion Rapaport hosted earlier this year with lab-grown producers and marketers.The podcast guest was Kieron Hodgson, managing director and research analyst for commodities an...Read More
To do so would require the sector "to deliver new projects at a frequency and consistent level of financing never previously accomplished," it said, with more than US$23 billion of investment a yearRead More
RAPAPORT... Shipments of Swiss watches rose 19% year on year in September, achieving one of the highest totals in history amid increased US demand.Total exports for the month came to CHF 2.24 billion ($2.23 billion), the Federation of the Swiss Watch Industry reported Thursday.Supply to the US, the sector's largest market, grew 33% to CHF 367.8 million ($366 million), while orders to China climbed...Read More
RAPAPORT... The American Gem Society (AGS) will close its laboratory operations at the end of this year, with the Gemological Institute of America (GIA) taking on elements of the organization.AGS Laboratories' intellectual property (IP), technology, research staff and Las Vegas facility will become part of the GIA, the two organizations announced Wednesday. AGS Laboratories will continue...Read More
Cerrado eyes feasibility study for Brazil assetSPONSOREDcerrado goldTENDER FOR THE EXPLOITATION OF THE BAUXITE BLOCK OF SANTOU (TELIMELE), GUINEASPONSOREDcenter for mining promotion and development (cpdm)Metal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedASX listed Heavy Minerals is managing a garnet project at Port Gregory, about 50 kilometres along the coast north...Read More
(IDEX Online) - The GIA, industry leader in diamond grading, is taking over the work of AGS Laboratories in what is being described as a strategic collaboration.The AGS Laboratories research staff, intellectual property, technology and Las Vegas facility will integrate into GIA, says a joint statement issued yesterday.Both the American Gem Society (AGS) and GIA (Gemological Institute of America) a...Read More
(IDEX Online) - Rio Tinto has unveiled its first piece of jewelry in its Argyle Pink Diamonds Icon Partner program.It's a one-off $3.75m ring handcrafted with 3.42 carats of pink, red and blue diamonds from the iconic Australian mine, which closed in November 2020 after reaching the end of its life.The Argyle Romantica, created by Singapore-based John Glajz, is part of a strategy to protect t...Read More
(IDEX Online) - Canadian junior miner Diamcor says it is refining its operation in South Africa and is producing more carats and more specials.It reported yesterday that it had delivered 5,593 carats of rough diamonds for its first tende3r of the quarter, from processing quarry material at the Krone-Endora at Venetia Project."The total includes several individual gem quality diamonds in the Specia...Read More
In terms of production, strikes in Norway hampered zinc supply in September, with the company's Odda smelter coming offline for 10 days.Read More
The Daily Gold, Released on 10/20/22Commodity prices recently broke out to a new all time high for the first time in a decade. This is typically a signal of a new secular bull market in commodities and it coincides with a new secular bear market in stocks. Furthermore, the weighting of energy and mining in the S&P 500 is historically extremely small. It was at an all time low only two years ago. E...Read More