(IDEX Online) - Burgundy, the Australian miner that bought the Ellendale deposit last year, says it aims to produce 1,200 carats of high-end polished diamonds annually through its dedicated facility.It says wholesale prices of will range from US$5,000 per carat to more than US$50,000. And it aims to double capacity at its Perth cutting and polishing center.Last year Burgundy bought the mothballed...Read More
The firm posted second-quarter adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of US$55.8 million, below the market consensus of $69 million. EBITDA was down 10.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 24 points in pre-opening trade. Starbucks added $1.98 to $85.69 after reporting higher than consensus fiscal third quarter revenues and earnings. Advanced Micro Devices dropped $6.28 to $93.01 after lowering third quarter guidance below consensus estimates. PayPal gained $8.50 to 498.13 after reporting higher than cons...Read More
Shares of East Coast-focused Signal Gold (TSX: SGNL) rose 17% Wednesday on the news that its Goldboro gold project has been approved by the Nova Scotia government. The environmental assessment approval, announced by the provincial Minister of Environment and Climate Change Timothy Halman, will allow the Toronto-headquartered miner to start applications for its industrial approval and Crown Land...Read More
Australia's Silver Lake Resources (ASX: SLR), the new owner of the Sugar Zone mine in northern Ontario, is prepared to invest between $31.2 million and $41.1 million over the next two years on operational improvements and cost reductions on the struggling project, the company said in its recent quarterly report.Silver Lake acquired Sugar Zone in February after winning the bid for the mine's previo...Read More
Denison Mines (TSX: DML) has achieved a key milestone in the advancement of its Wheeler River uranium project in Saskatchewan with the completion of metallurgical test work to define the mechanical components for the planned processing plant at the Phoenix deposit. The metallurgical program has confirmed the ability to produce a yellowcake product that meets industry standard ASTM C967-13 s...Read More
There are few things that are more alluring and exciting than a diamond - but one of them is a significant new diamond discovery. Now those are truly rare. In Canada, we haven't had a significant diamond discovery for years - and the current lack of spending on exploration makes one less likely to happen in the future. Globally, exploration for diamonds has nearly ground to a halt. In Canada...Read More
Seabridge Gold (TSX: SEA; NYSE: SA) has announced results of a preliminary economic assessment (PEA) for a potential copper-rich underground mine at its 100% owned KSM project located in northern British Columbia. The PEA represents a standalone mine plan that has been undertaken to evaluate a potential future expansion of the KSM mine to the copper-rich Iron Cap and Kerr deposits after its prefea...Read More
Baffinland Iron Mines has sent termination notices to over 1,100 workers at Mary River iron ore mine, in Nunavut, as the company's request to increase production to 6 million tonnes through to the end of the year and an expansion application have yet to be answered.The operation on the northern tip of Baffin Island suffered a major blow in May after a review board advised against an expansion on e...Read More
CNBC, Released on 8/3/22Stephen Roach, a senior fellow at Yale University, says U.S. House Speaker Nancy Pelosi's visit to Taiwan is occurring in the context of a "sharply deteriorating" relationship between the United States and China, which is "making matters worse."Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Ja...Read More
The Korelin Economics Report, Released on 8/3/22Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us for a discussion on what key macro factors or trends he is watching to inform Fed policy, and how that create an environment where the precious metals will be able to diverge from the broad US equites, and begin a true secular bull market in the PMs. Overall Jordan is not that encourage...Read More
Stansberry Research, Released on 8/3/22On today's episode, Daniela Cambone speaks with Kevin O'Leary, widely known as "Mr. Wonderful," about inflation, Fed Chairman Jerome Powell, bitcoin, gold, and more. O'Leary says we haven't hit peak inflation and the fact that we have full employment with the second quarter of gross domestic product shrinking "has never happened before." "It's very hard to ca...Read More
Liberty and Finance, Released on 8/3/22The positions shown by Commitment of Traders report are at "extreme" levels, says Dave Kranzler of The Mining Stock Journal. The banks are net-long silver and the hedge funds are net-short both gold and silver. Its times like these when the COT report "gets interesting," he says. Typically, positions like these signal a reversal in the sector, he notes. "It's...Read More
Peak Prosperity, Released on 8/3/22Watch the full version at: https://peak.fan/yt72bdChristopher 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...Read More
Citizen Free Press - Twitter, Released on 8/3/22DeSavage Activated"They wanna castrate these young boys - that's wrong ... I think these doctors need to get sued for what's happening."pic.twitter.com/rOOZiPGusP- Citizen Free Press (@CitizenFreePres) August 3, 2022 DeSantis: 'They wanna castrate these young boys...' added by Herman James on 08/04/2022View all posts by Herman James ?+'Read More
The Dossier, Released on 8/3/22A new US-funded report out of Kiev assesses $108.3 billion in economic damages for Ukraine, but requests a 7x replenishment of $750 billion so that the country can "Build Back Better."Continue... Ukraine Claims it Needs $750 Billion More to 'Build Back Better' added by Herman James on 08/04/2022View all posts by Herman James ?+'Read More
International Man, Released on 8/3/22Since the invasion of Ukraine, we've seen the US and its European allies institute unprecedented sanctions on Russia. Continue... Doug Casey on the Rise of Alternatives as the US-Led Global Order Falters added by Herman James on 08/04/2022View all posts by Herman James ?+'Read More
Institute for Political Economy, Released on 8/3/22This is a hopeless situation for the Western World. As awareness spreads slowly butContinue... Paul Craig Roberts: How America's Economy Was Destroyed added by Herman James on 08/04/2022View all posts by Herman James ?+'Read More
Mish Talk, Released on 8/3/22The Fed wants to set interest rates at a neutral spot defined as the rate that is neither expansionary nor contractionary. The Fed is certain to fail.Continue... Mish Shedlock: The Fed Is Certain To Fail added by Herman James on 08/04/2022View all posts by Herman James ?+'Read More
The Felder Report, Released on 8/3/22It's hard to believe that even after dramatically outperforming the broad stock market for almost two years now, energy stocks still trade at a massive discount.Continue... Jesse Felder: It's Time To Get Greedy In The Energy Sector added by Herman James on 08/04/2022View all posts by Herman James ?+'Read More