RAPAPORT... De Beers veteran Neil Ventura will leave the company amid a raft of leadership changes at the miner.Ventura, who is executive vice president for strategy and innovation, "has decided to move on and pursue other interests," De Beers announced Monday.Ryan Perry, currently head of strategy, will succeed him as acting executive vice president for strategy and innovation and will also...Read More
RAPAPORT... Sotheby's will offer a yellow diamond weighing more than 300 carats at its upcoming New York auction, where it is expected to fetch more than $15 million.The pear-shaped, 303.10-carat, fancy-deep-brownish-yellow stone is one of the largest polished diamonds in the world. It is also the largest flawless or internally flawless diamond ever graded by the Gemological Institute of America (...Read More
(IDEX Online) - De Beers' plans for a diamond mine on Canada's Baffin Island has raised concerns about neighboring Inuit communities, as well as polar bear and caribou populations.The UK-based miner bought the Chidliak Project in September 2018 as part of its purchase of Peregrine Diamonds for C$107m.Wildlife groups are now warning that caribou populations are already in decline and the...Read More
RAPAPORT... Sotheby's will sell a group of eight fancy-blue diamonds from De Beers across its global Magnificent Jewels auctions, expecting the set to bring in more than $70 million.The stones are cut in various shapes and range from 1.22 to 11.29 carats, with a total weight of 32.09 carats, Sotheby's said last week. The polished originates from five rough blues that De Beers and Switzerland-based...Read More
(IDEX Online) - LVMH reports a 23 per cent growth in revenue (16 per cent organic) for it watches and jewelry businesses in the first nine months of 2022.The French luxury conglomerate said growth across all it sectors - including wines and spirits, fashion and leather goods, and perfumes and cosmetics - was 28 per cent for the same period, with a total revenue of $55.6bn.LVMH (Louis Vuitton Moet...Read More
(IDEX Online) - Fugitive diamond billionaire Nirav Modi is awaiting the outcome of his last-ditch appeal against extradition back to India. The High Court in London says it will hand down its verdict as soon as possible after a two-day hearing. Modi, 51, (pictured) is accused of fraudulently using letters of undertaking offered by the Punjab National Bank (PNB) in an alleged $1.85bn...Read More
Jefferies analysts reiterated their Buy view on Rio Tinto stock, despite the production results being weaker than expected.Read More
Stillwater Critical Minerals (TSXV: PGE; US-OTC: PGEZF) is "rewriting the book" on the Lower Stillwater Igneous Complex in Montana, says president and CEO, Michael Rowley.The company's evaluation of the flagship Stillwater West project continues to confirm more parallels to South Africa's Bushveld Igneous Complex, and positions the company as the second-largest landholder in the Stillwater Complex...Read More
This week's episode features Douglas Silver, mineral economist, keynote speaker and author at the Q3 Global Mining Symposium. Douglas gives a data-rich presentation on how Canada is measuring up in the mining industry on an international level. He describes Canada as the "centre of the universe" in regard to international mining and explains why the country as well as its mining companies are posi...Read More
After achieving notorious maritime prosperity - initially by salvaging sunken ships - historic entrepreneur Joseph De Lamar became a prominent mine owner in the late 1880s, gaining control of a mountain six miles west of Silver City, Idaho. De Lamar sold a majority interest in the property for a pretty profit after rich veins of gold and silver were discovered, before moving on to other mining ve...Read More
Probe Metals (CVE: PRB) says drilling at its Val-d'Or East project's Monique deposit in Quebec has returned "significant" gold intercepts that are likely to expand the area of the strike and increase its resource update due by year's end. Highlights from the results of 45 new holes showed "continued strike and depth expansion with significant gold intercepts along the Monique gold zones," Probe, a...Read More
Mayfair Gold (TSXV: MFG; OTC: MFGCF) has increased the resource at its Fenn-Gib project located in the Timmins region of northeast Ontario. The new resource is based on assay results from 61% (about 67,000 metres) of the company's current 110,000-metre infill and expansion drill program.Fenn-Gib now hosts a pit-constrained indicated resource of 118.1 million tonnes at 0.81 gram gold per tonne for...Read More
Denison Mines (TSX: DML; NYSE: DNN) says it has received positive test results from its in-situ uranium recovery process at the Wheeler River project in northern Saskatchewan's Athabasca basin, which it called 'historic.'The successful test marks one of the first uses in the high-grade basin of the in-situ (ISR) leaching method that separates uranium from ore underground and pumps the solution to...Read More
Canada's Iamgold (TSX IMG; NYSE: IAG) said on Tuesday it had agreed to sell its stake in the Rosebel gold mine in Suriname to Zijin Mining in a deal valued at US$360 million.The Chinese miner will acquire Iamgold's 95% interest in Rosebel Gold Mines, which owns the Rosebel operation and a 70% participating interest in the Saramacca mine, a satellite for Rosebel.Zijin is also assuming Iamgold's eq...Read More
USA Watchdog, Released on 10/18/22"The action you are seeing now is exactly what you saw in 1987, and this is what you saw in August and September of 1929. This is what happens prior to crashes. It's massive volatility both ways . . . people are losing both ways. The longs get stopped out on the downside, and the shorts get stopped out on the upside. Then, the whole floor gives way, and that's whe...Read More
The Joe Rogan Experience, Released on 10/18/22Former Lt. U.S. Navy and F/A-18F pilot Ryan Graves was the first active duty pilot to publicly disclose regular sightings of Unidentified Aerial Phenomenon (UAP). Today, Graves serves as first Chair of the American Institute of Aeronautics and Astronautics UAP Community of Interest, and is the Director of Business Development at Quantum Generative Mate...Read More
George Gammon, Released on 10/18/22George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the...Read More
The Daily Gold, Released on 10/18/22In this video, we look at historical performance of Gold and the stock market in order to determine when the two assets will decouple. There have been several different periods in which the two assets decoupled and some good examples of the timing of the decoupling during a bear market. In looking at some of the worst bear markets in stocks, we find that Gold an...Read More
Trends Research, Released on 10/18/22Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, r...Read More
ITM Trading, Released on 10/18/220:00 Intro to Gregory Mannarino1:31 Central Banks & Government Control11:38 CBDC = No More Inflation?18:59 Unraveling of the Bond Market25:13 SOFR & LIBOR28:02 Gold & Silver's True Value31:43 Massive Retirement Issue36:33 Demand Destruction40:35 Starting Your Strategy!Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has...Read More