The fatal accident involved a truck operator losing control of the vehicle at a dump.Read More
Red Dirt Metals: unexpected lithium starSPONSOREDred dirt metalsAlma Metals targets resource expansion at copper project in QueenslandSPONSOREDalma metalsMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDRumble in the outback, "zinc elephant sighted"SPONSOREDrumble resourcesNo-one, to be sure, wants a recession. But how much of the above is wishful thinking? After al...Read More
RAPAPORT... Petra Diamonds' sales surged in the past fiscal year as the company benefited from stronger rough demand and the resumption of production at its Williamson mine in Tanzania.Revenue jumped 44% to $584.1 million for the 12 months ending June 30, the miner reported Tuesday. Prices climbed 42% on a like-for-like basis compared to the previous year."The most recent tender in June highlighte...Read More
RAPAPORT... Gem Diamonds has recovered a 114-carat rough from its Let??eng mine in Lesotho, its fourth stone above 100 carats in the past two months.The company unearthed the high-quality, white, type I diamond at the deposit on July 16, Gem Diamonds said Tuesday. The discovery closely followed that of an "exceptional-quality," 245-carat rough on June 11, a 125-carat diamond on May 31, and a high-...Read More
RAPAPORT... India's polished-diamond exports rose 2% year on year in June, reflecting a sharp climb in the average price, according to recent data from the Gem & Jewellery Export Promotion Council (GJEPC). The increase follows a 4% jump in shipments for May.India Trade Data for June 2022 Read More
RAPAPORT... Australian jeweler Michael Hill reported the highest revenue in its history during the fourth fiscal quarter and full year amid improved business in Canada and record online sales.Group sales jumped 17% to AUD 135.7 million ($92.4 million) in the three months ending June 26, the company said last week. Same-store sales - at branches open more than a year - grew 2.1%.Same-store sales in...Read More
(IDEX Online) - India's gross exports of polished diamonds were $2.01bn in June, a dollar rise of 2.25 per cent on the same month last year.The figure for the three months from April to June was $6.27bn, a dollar increase of 1.09 per cent.Overall gross exports of all gems and jewlery were $3.2bn in June, a year-on-year dollar rise of 14.5 per cent, as India reaped the benefits of its Comprehe...Read More
(IDEX Online) - Richemont reported significant increases in its US and European sales in the three months to June, but a plunge in its revenue from China.The Swiss-based luxury company, that counts Cartier, Van Cleef & Arpels, Jaeger-leCoultre and Piaget among its 26 maisons, said total sales for the quarter were $5.27 billion, an overall growth rate of 12 per cent.Richemont reported 20 per ce...Read More
Alma Metals targets resource expansion at copper project in QueenslandSPONSOREDalma metalsMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDRumble in the outback, "zinc elephant sighted"SPONSOREDrumble resourcesRed Dirt Metals: unexpected lithium starSPONSOREDred dirt metalsThe big miner reported a strong June quarter, including a 25% jump in copper production, a 52%...Read More
This follows the bank's move to commit up to US$25 billion in foreign currency reserves from July 18 to the end of September to defend the value of its slumping peso currency.Read More
Under the renewed revolving credit facility, the interest rate paid on drawn amounts and standby fees will be adjusted based upon Wheaton's performance in three sustainability-related areas.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 24 points in pre-opening trade. Index futures were virtually unchanged following release of the June U.S. housing starts report at 8:30 AM EDT. Consensus was an increase to 1.585 million units from 1.549 million units in May. Actual was an increase of 1.559 million units.IBM dropped $5.97 to $132.16 despite reporting h...Read More
Asante Gold (CSE: ASE; US-OTC: ASGOF) has increased its Ghana-based Bibiani gold mine's measured and indicated resources by about 26% to 2.3 million ounces and improved its mine life from six years to 8.3.The latest technical report, which the company says has been "prepared to the level of confidence of a prefeasibility study," is an update to the project's feasibility study filed in 2018 and its...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) and the Pakistan government have agreed on the structure governing the funding and profit-sharing of the US$7 billion Reko Diq copper-gold deposit.The agreement in principle sets a partnership between Barrick, the Balochistan provincial government (where the project is located) and Pakistani state-owned enterprises, the company said on Tuesday.The operation wil...Read More
Tudor Gold (TSXV: TUD) has delivered new, high-grade gold results from its 2022 exploration program at its flagship property, Treaty Creek, located in the heart of British Columbia's Golden Triangle. The program began in early May, with 30,000 metres of diamond drilling planned.The new drill results reported are from eight diamond drill holes, four of which were drilled at the Goldstorm deposit, a...Read More
This week's landmark 300th episode features a close-up look at several bellwether mining stocks with host Adrian Pocobelli. Have mining stocks double-topped? Why do the top mining companies by market cap have double-digit dividends? Should mining stocks be held for long periods of time? Gain greater insight into some of the surprising numbers of the world's biggest mining companies in this week's...Read More
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) is seeking to accelerate construction at its US$5.7-billion Jansen potash project in Saskatchewan as high gas prices and sanctions on key exporters continue to disrupt global supplies of fertilizers.The world's largest miner had originally planned to kick off production at Jansen in 2027. Markets conditions, however, have prompted it to attempt bringing forward...Read More
The current and consensus forecast copper price levels are insufficient to incentivize the new supply that will be needed as the world moves to a fully electrified economy, a senior Stifel GMB analyst tells The Northern Miner.According to Egizio Bianchini, vice-chairman and Stifel's head of metals and mining investment banking, the copper industry's average price and company valuation multiples bo...Read More
Jay Taylor Media, Released on 7/19/22Chris Powell, Gold Anti-Trust committee, explains gold suppression and discusses the overall market damage caused by the anti-free market activities of central banks.Chris Powell is Secretary and Treasurer of GATA, the Gold Anti-Trust Action Committee. gata, gold manipulation, silver manipulationChris Powell: Central Bank Gold Price Rigging Is No Conspiracy!...Read More
Jay Taylor Media, Released on 7/19/22J. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton's International Commodity Division, headquartered in New York City's Battery Park. He studied under David Johnston, head of Hutton's Commodity Division and Chairman of the COMEX. In the 1980s Mike began to develop his own momentum-based method of technical...Read More