RAPAPORT... Mountain Province's net profit rose 1% year on year to CAD 22.6 million ($17.6 million) in the second quarter as the global diamond market rebounded and rough prices firmed.Sales jumped 30% to CAD 97.8 million ($76 million), the Canadian miner reported Tuesday. The company registered an average selling price of $130 per carat for the three months, 78% higher than a year earlier. T...Read More
Investor Insight: InterGroup MiningSPONSOREDintergroup miningEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdAlicanto wows with maiden resourceSPONSOREDalicanto mineralsOn a per share basis, the company recorded a loss of $0.09, with that having dropped for a loss of $0.03 a year earlier.Canac...Read More
RAPAPORT... The State Bank of India (SBI) has begun financing synthetics producers and is thought to be the country's first lender to draw up a formal policy for the sector.The government-owned bank will fund purchases of equipment such as growing machines, a source at SBI told Rapaport News Wednesday on condition of anonymity. It will not yet finance the procurement of lab-grown rough. Lendi...Read More
(IDEX Online) - A necklace set with 35 green jadeite beads and 7.70-cts of white diamonds sold for $2.3m at Sotheby's Hong Kong.It was the top seller in an Important Jewels auction that realized a total of $18.1m.Jadeite, a more valuable form of jade, is among the priciest of gemstones, and can be more expensive than diamonds.In 2014, a jadeite bead necklace that belonged to Woolworth he...Read More
(IDEX Onlie) - Lucara says profits more than doubled for the last quarter, up from $6m to $12.5m as the strength of the market outweighed economic uncertainties.The Canada-based miner reported a 13 per cent increase in revenue for the three months ending 30 June, up from $46.3m to $52.3m (figures are US dollars).It said strong rough and polished diamond market fundamentals were continuing, despite...Read More
(IDEX Online) - Staff at jewelry stores in Auckland, New Zealand, have been targeted in a series of brutal raids in recent weeks.A worker is receiving counselling for the trauma, and one owner has closed their store as a result, according to the Stuff news website.Video from one raid (see pic) shows perpetrators running to their getaway car in broad daylight. One of them, armed with a ha...Read More
Revenues for the first half of 2022 were down 30% to US$2.53 billion from US$3.59 billion in the first half of 2021.Read More
Second quarter EBITDA came in at US$301.2 million, above the market consensus of $296 million and 4% higher than the same quarter a year earlier.Read More
U.S equity index futures were higher this morning. S&P 500 futures were up 22 points in pre-opening trade.U.S. equity index futures were virtually unchanged following release of the July U.S. Producer Price Index at 8:30 AM EDT. Consensus was an increase of 0.2% versus a gain of 1.1% in June. Actual was a drop of 0.5% . On a year-over-year basis consensus was an increase of 10.3% versus a gain...Read More
Prismo Metals (CSE: PRIZ) is preparing to drill-test an important near-surface target at its flagship Palos Verdes gold project in Sinaloa state, Mexico, after receiving an extension to its environmental permit in late July.The drill program is designed to test the Palos Verdes vein and a structural intersection with a second vein at depths where the company believes it can test a prominent, highe...Read More
Fuse Cobalt (TSXV: FUSE; US-OTC: FUSEF) has signed a memorandum of understanding with Electra Battery Materials (TSX: ELBM; NASDAQ: ELBM) for the supply of raw cobalt material.Fuse is exploring the Teledyne and Glencore Bucke projects located in Cobalt, Ont., which are near Electra's cobalt sulphate refinery in Temiskaming Shores.The MOU contains the framework of a future transaction that would se...Read More
Monarch Mining (TSX: GBAR; US-OTC: GBARF) has released a mineral resource estimate for its 100% owned Croinor gold project located 55 km east of Val-d'Or, Que. The resource estimate is based solely on potential underground mining and was prepared using all available information, including results from the latest drilling programs.Resources in the measured and indicated category amount to 903,600 t...Read More
Lucara Diamond (TSX: LUC) is moving towards the main shaft sinking phase of the underground expansion project at its Karowe mine in Botswana, which will extend the operation's life for 20 years - until 2040.The company said it had invested US$29.1 million in the project during the three months to end-June, with activities focused on the sinking of the main shaft and construction of the upgraded tr...Read More
Russia's invasion of Ukraine has shone a spotlight on energy security throughout Europe and the Americas. World leaders are finally paying attention to their reliance on Russia for energy and critical minerals, and they don't like what they see. Sanctions against Russia should continue and depending on how long and drawn out the invasion is, they may heighten. To date, Russian gold has been targe...Read More
Drilling at the Copala vein at Vizsla Silver's (TSXV: VZLA; NYSE: VZLA) Panuco project in southern Sinaloa, Mexico has yielded high grades over broad intervals near surface with intercepts grading over 1,000 grams silver-equivalent per tonne.The results expand the high-grade mineralized footprint to over 900 metres along strike by 400 metres down dip and highlights from its news release today incl...Read More
Ecuador-focused miner SolGold (TSX: SOLG; LSE: SOLG) has announced a round of management changes, with newly appointed chief financial officer Ayten Saridas stepping down after only six weeks in the job.Saridas has been replaced by Keith Pollocks as interim CFO. Pollocks was formerly the CFO at Kasbah Resources (ASX: KAS), an Australian company with tin projects in Morocco.SolGold also said that...Read More
Fat Tail Investment Research, Released on 8/11/22Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of the first ever financial war games conduct...Read More
Liberty and Finance, Released on 8/11/22 (Recorded on 8/5/22)Preparedness expert Paul Helinski explains how to prepare for food shortages cost-effectively. He reveals that purchasing name-brand preparedness food can be an order of magnitude more expensive than purchasing flour, beans, rice and other dry food stables. He recommends the latter to optimize calories per dollar. In addition to food, ha...Read More
ITM Trading, Released on 8/11/22In this video, I will discuss the ongoing loss of the U.S. Dollar's status as the world reserve currency, while at the same time, reminding you about the constant loss of purchasing power, which we can see through inflation. There's an escalating power grab that's going on between the East and the West and even in the Middle East. Quite honestly, this could all lead...Read More
Peak Prosperity, Released on 8/11/22Watch the full video at: https://peak.fan/bkmChristopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and...Read More