Oil Price, Released on 5/25/22The price is currently 3.3 times above the five-year average, while EU gas, at 5.3 times above five-year average, traded early on Wednesday Continue... Natural Gas Price Hits $9 For The First Time Since 2008 added by Herman James on 05/25/2022View all posts by Herman James ?+'Read More
A billion ounces of leased silver has to go somewhere...by Bix Weir of Road to RootaOver 1 Billion ounces of leased physical silver has to go somewhere!Read More
Kumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKropz set to fly after false startSPONSOREDkropzBMG returns eye-catching high-grade gold at Abercromby in WASPONSOREDbmgThe hole confirms the company's new geological interpretation that Los Helados contains at least two centres of high-grade mineralisation.Read More
The US District Court for the District of Arizona ruled that Copper World and its neighbouring Rosemont copper deposit which is also owned by Hudbay are not connected under terms of the US NationalRead More
Kumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKropz set to fly after false startSPONSOREDkropzBMG returns eye-catching high-grade gold at Abercromby in WASPONSOREDbmgNexa will subscribe for 40.8 million shares priced at 22c per share for proceeds of $8.97 million. Nexa previously held a 9% stake in Tinka to...Read More
The offer has fixed spreads of 195-230 basis points including an early tender premium of US$50 per US$1,000 in principle. The tender would reduce Teck's total outstanding debt by 8.Read More
Kumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKropz set to fly after false startSPONSOREDkropzBMG returns eye-catching high-grade gold at Abercromby in WASPONSOREDbmgThe Anglo-Swiss multinational is also involved in an ongoing investigation by the Office of the Attorney General of Switzerland into corruption issue...Read More
Kumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKropz set to fly after false startSPONSOREDkropzBMG returns eye-catching high-grade gold at Abercromby in WASPONSOREDbmgFour workers remain missing, and the company's search crews will continue to work at full capacity to locate these individuals, the Toronto-listed fi...Read More
RAPAPORT... US polished-diamond imports rose 41% to $6.34 billion in the first three months of the year, according to recent data from the US Department of Commerce. The figure did not yet reflect the impact of the Ukraine war, which led to Western restrictions on imports of Russian goods.The US prohibited the import of Russian-origin diamonds during March and placed further restrictions on t...Read More
RAPAPORT... The International Gemological Institute (IGI) has graded a 27.27-carat lab-grown stone that it claims is the world's largest polished synthetic diamond.Indian lab-grown company Greenlab created the marquise step-cut diamond, named Om, IGI said Wednesday. The stone, which has no color enhancement, was grown using chemical vapor deposition (CVD).Along with Om, the IGI graded two addition...Read More
(IDEX Online) - Belgian tech firm iTraceiT says it has completed the pilot phase of its new traceability solution and is now rolling it out to customers.The company says its combination of QR-code and blockchain technology can handle all sizes of diamonds, even melee (under 0.2-cts) - unlike other solutions.It also claims to offer a "genuine industry-wide solution" because it's an indep...Read More
(IDEX Online) - Wealthy investors in Qatar are rushing to put their money into rare and extremely valuable fancy color diamonds. The minimum investment is $1m.The Amma Group, jointly founded in 2008 by jewelry veterans Mahyar Makhzani and Philip Baldwin (pictured), says it is the only fund specializing in color diamond investment.It is seeking $100m of investment for its fifth fund, Colour Fund V,...Read More
(IDEX Online) - An Indian company has produced what's being hailed as the world's biggest polished lab grown diamond.The marquise step cut 27.27-carat diamond (pictured) was made by Greenlab, in Surat, and certified by the IGI.It is significantly larger than the previous record holder, a 16.41-carat princess-cut diamond (G/VVS2) produced by Shanghai Zhengshi Technology, in China.The new...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 20 points in pre-opening trade.Index futures were virtually unchanged following release of the April Durable Goods Orders report at 8:30 EDT. Consensus was an increase of 0.7% versus a gain of 0.8% in March. Actual was an increase of 0.6%. Excluding transportation orders, consensus for April Durable Goods Orders was a...Read More
CHEYENNE, Wyo., May 25, 2022 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU), a gold exploration and development company, is pleased to announce that Mr. Luke Norman has been appointed as Chairman of the Company's Board of Directors (the "Board"), following notice of the Board's resolution to increase its size from five to six members. Mr. George Bee, who has held the Chairman position since March...Read More
Alpha Exploration (TSXV: ALEX) has reported drill results from its first campaign on the Aburna gold prospect, part of the company's Kerkasha project in Eritrea, based on which it expects is "a large gold discovery" in the property. Highlights from the latest results of the 19-hole program that ended in March included 22 metres grading 4.5 grams gold per tonne starting from 47 metres depth in...Read More
Lithium technology companies are jostling for a foot in the door of the rapidly accelerating North American integrated battery metals supply chain, whether becoming a battery precursor material manufacturer or a potentially disruptive lithium direct extraction tech provider.Vancouver-based Nano One Materials Corp (TSX: NANO; US-OTC: NNOMF) on May 25 announced the acquisition of lithium iron phosph...Read More
Shares of Peru-focused miner Tinka Resources (TSXV: TK) rose 25% in the afternoon on May 25 as the company announced investments worth $11 million from regional mining giants Nexa Resources (NYSE: NEXA) and Buenaventura (NYSE: BVN) in the firm. One of the largest zinc producers in Latin America, Nexa will subscribe for 40.7 million common shares for proceeds of $9 million, increasing its total...Read More
Applications for the 2022 Young Mining Professionals (YMP) Scholarship Fund are now open for students enrolled this coming September in an Earth Science or Mining Engineering program at a Canadian university. The value of the YMP Scholarship Fund, the largest mining scholarship fund in the world according to the YMP executive team, has grown from $12,000 when it was founded in 2018 by Stephen S...Read More
Higher commodity prices are not high enough to incentivize new production to come online, as slowing demand from China weighs heavy, especially on copper.Bank of America recently hosted its metals and mining conference in Miami, which heard that weak near-term demand from China in March and April impacted all six sectors that matter for copper demand. Not a single demand driver expanded year-on-ye...Read More