Look beyond market approach to project valuations: van ZylLeadershipInvestor Insight: InterGroup MiningSPONSOREDintergroup miningSun shines on Saturn MetalsSPONSOREDsaturn metalsEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedThe company's major shareholder Fidelity is putting in about $1.4 million to maintain its 9.9% equity stake, with other investors...Read More
Investor Insight: InterGroup MiningSPONSOREDintergroup miningSun shines on Saturn MetalsSPONSOREDsaturn metalsEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdThe tale the Toronto-based company told when releasing its disappointing second quarter results overnight is a familiar one across the W...Read More
Investor Insight: InterGroup MiningSPONSOREDintergroup miningSun shines on Saturn MetalsSPONSOREDsaturn metalsEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdLotus directors want investors to think of it as an early beneficiary of a long-term recovery in uranium demand as they hint at a potent...Read More
News: Trading seasonally quiet during summer lull. Lack of sales to Far East weakening sentiment, with US demand supporting market. Increasing concern about impact of inflation and higher interest rates on mid-income consumers. Holiday outlook positive. Manufacturers maintaining lower production due to slowdown in orders. Polished trading sluggish. Rough prices stable at De Beers sight; prem...Read More
RAPAPORT... Gem Diamonds' sales of high-value rough from its Let??eng mine in Lesotho fell in the first half amid a decline in the average price.Rough sales for the six months that ended June 30 slipped 4.2% year on year to $99.6 million, even as sales volume rose 3.5% to 57,075 carats. The average price fell 7.5% to $1,745 per carat, the miner reported Wednesday.During the period, a total of 15 d...Read More
RAPAPORT... US retail revenues for July remained stronger than a year ago as consumers continued to shop despite soaring inflation. Sales were flat compared with the previous month, versus a 0.8% increase in June, according to data the US Census Bureau released on Wednesday. July sales were up 10% year on year. Declines in gas prices supported spending. However, consumers are continuing to focus o...Read More
(IDEX Online) - A man has appeared in court in the US accused of posing as a government official and persuading a woman to buy gold bars worth $330,000.Gaurang Contractor, 38, from New Jersey, is accused of attempted larceny from a person over 60.Police say he claimed to be a government official investigating an identity fraud ring and told the woman to buy the gold from a jewelry store, to "avoid...Read More
(IDEX Online) - Pandora reported its "third straight quarter with record revenue," in spite of lockdowns in China and a year-on-year comparison with post-Covid stimulus checks in the US.The Danish jewelry giant said sales in the three months to 30 June were $771m, three per cent up on the same period last year.Key European markets delivered double digit organic growth vs 2021, but the US was down...Read More
(IDEX Online) - The USA's only active diamond mine is celebrating its 50th anniversary with limited edition replicas of its most valuable find - a $1m-plus gem.The Crater of Diamonds State Park, near Murfreesboro, in Arkansas, charges day trippers $10 a day to sift the soil - and lets them keep any gems they find.In 2015, Bobbie Oskarson, from Colorado, found a rough, icicle-shaped 8.52-cts s...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points in pre-opening trade.Index futures were virtually unchanged following release of the August Philly Fed report at 8:30 AM EDT. Consensus was a drop of 5.0 versus a decline of 12.3 in July. Actual was an increase of 6.2%Cisco advanced $1.55 to $48.16 after reporting higher than consensus fiscal fourth quarter re...Read More
Copper scarcity may emerge as a key destabilizing threat to international security in the 21st Century an analysis by S&P Global found this week."Projected annual shortfalls will place unprecedented strain on supply chains. The challenges this poses are reminiscent of the 20th-century scramble for oil but may be accentuated by an even higher geographic concentration for copper resources and the do...Read More
Analysts at S&P Global Market Intelligence have pointed the finger at a worsening global economic outlook and softer metals prices for dragging down global mining activity in the three months through June.In its quarterly 'State of the Market: Mining Q2' report released this week, senior analyst Sean DeCoff said metals and mining companies' valuations had been significantly impacted by these marke...Read More
Moneta Gold (TSX: ME; OTC: MEAUF) has closed its previously announced and upsized bought deal private placement for aggregate gross proceeds of $15.4 million. The offering, which was oversubscribed, consists of 6 million flow-through common shares at an issue price of $2.40 per share and 608,000 shares at $1.64 per share.The financing was led by Stifel GMP, on behalf of itself and a syndicate of u...Read More
A rash of permit rejections for mining projects by the new left-wing government has rattled nerves in Chile's mining industry. First came the rejection of Anglo American's (LSE: AAL) US$3-billion expansion of its Los Bronces mine in May this year. Since then, authorities have also scrapped Rio2's (TSXV: RIO) US$200 million Fenix gold project and investments at Anglo's El Soldado operation, as wel...Read More
Lumina Gold (TSX-V: LUM) has concluded its drilling program at the Cangrejos gold-copper project in Ecuador, delivering what are likely the penultimate batch of results before the conclusion on a pre-feasibility study, expected mid-2022. The Vancouver-based company said resource estimate work has now started following the completion of drilling at both Gran Bestia and Cangrejos, one of the world'...Read More
Chile's President Gabriel Boric and the chief executive of Teck Resources (TSX: TECK.A | TECK.B) (NYSE: TECK), Don Lindsay, met in the capital Santiago to discuss the Canadian miner's projects in the country, including its biggest ever: the Quebrada Blanca phase 2 (QB2) expansion.The US$5.2 billion QB2 expansion project has the objective of extending the open pit mine's life by 28 years, boosting...Read More
Liberty and Finance, Released on 8/18/22 (Recorded on 8/16/22)Rising interest rates are creating a credit contraction that could lead to a systemic failure of the banking system, says Alasdair MacLeod, head of research at GoldMoney Inc. The endgame? Amid a collapse in derivatives, the world's central banks will have to save the system through currency creation. The further expansion of the currenc...Read More
ITM Trading, Released on 8/18/220:00 Introduction3:16 Inflation in Bulgaria9:23 Inflation Eroding Purchasing Power12:27 Confidence of the Public14:24 Unemployment in Bulgaria19:05 Russia and Ukraine impact23:10 European Union and Inflation26:40 Energy Crisis in Eastern Europe37:20 "Stimulating" the Economy39:55 The Mantra46:50 Creating a FoundationLynette Zang has held the position of Chief Market...Read More
Howe Street, Released on 8/18/22Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when she was...Read More
Libs of TikTok - Twitter, Released on 8/18/22A school in California allegedly called police today to remove a 4-year-old for not wearing a mask: pic.twitter.com/UYxlxmabUT- Libs of TikTok (@libsoftiktok) August 18, 2022 VIDEO: A school in California called police to remove a 4-year-old for not wearing a mask added by Herman James on 08/19/2022View all posts by Herman James ?+'Read More