(IDEX Online) - Indian manufacturers are working short weeks or closing their factories altogether as supplies of Russian diamonds run out.The rough supplied in normal times by Alrosa - mostly smaller stones - accounts for 40 per cent of their needs (by volume), but Surat is now feeling the full force of sanctions and banking restrictions.There will also be an inevitable knock-on effect in the US,...Read More
(IDEX Online) - Lucapa has announced the recovery of a 204-carat diamond at its Mothae mine, in Lesotho.It's the eighth +100 carat diamond, and third +200 carat, to be recovered since commercial mining started there in January 2019.The Australian miner owns 70 per cent of the kimberlite mine, the remainder belongs to the Government of the Kingdom of Lesotho.Mothae is the world's highest...Read More
(IDEX Online) - De Beers today announced 4th cycle rough sales of $604m, a year-on-year increase of 56 per cent.The UK-based miner said demand remained strong, but faced possible threats from Covid lockdowns in China, and sanctions on Russia for its invasion of Ukraine.It was De Beers' second full sales cycle since the US and EU sanctioned Alrosa, part-owned by the Russian government, and its...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 28 points in pre-opening trade.Equity index futures were virtually unchanged following release of U.S. April Housing Starts at 8:30 AM EDT. Consensus was a slip to 1.783 million units from 1.793 million units in March. Actual was a drop to 1.72 million units.The Canadian Dollar was virtually unchanged at US78.04 cents...Read More
Banyan Gold (TSXV: BYN) has delivered a mineral resource update on its flagship AurMac property nestled in an emerging mining district of the Yukon between Alexco Resource Corp's (TSX: AXU) Keno Hill mine and Victoria Gold's (TSX: VGCX) Eagle gold mine.CEO Tara Christie tells The Northern Miner on the Vancouver Resource Investment Conference (VRIC) sidelines that the project is living up to expect...Read More
TDG Gold (TSXV: TDG) has published an initial resource estimate for the former producing Shasta gold-silver mine in north-central B.C. following the conclusion of its 2021 drill program, which confirmed the historic drilling results on the property since 1983. The resource amounted to 22 million tonnes averaging 0.79 g/t gold and 26.7 g/t silver in the inferred category.The resource is restricted...Read More
Trevali Mining (TSX: TV) said the eight missing miners, for whom rescuers have been searching since the company's Perkoa mine in Burkina Faso was hit by flash floods last month, have failed to reach the mine's refuge chamber situated more than 500 metres below the surface. "This is devastating news," the company's CEO Ricus Grimbeek said in a press release on May 17. "We would like to offer our...Read More
BHP's (NYSE: BHP; ASX: BHP) chief executive Mike Henry wants to gear up on the company's US$5.7 billion Jansen potash project in Canada as Russia's invasion of Ukraine has caused major disruptions to global fertilizer supplies.The ongoing war in Ukraine has left the world not only short of important grains but also fertilizers since neighbours Russia and Belarus account for almost 40% of global pr...Read More
CNBC, Released on 5/18/22Jeremy Grantham, GMO co-founder, joins 'The Exchange' to discuss historical bubbles and how he sees today in comparison to 2000. Jeremy Grantham is a billionaire investor and the co-founder and long-term investment strategist at GMO, one of the world's most well-respected asset management firms. Jeremy is an investing legend and studied market historian, who successfully i...Read More
The Hartman Media Company, Released on 5/18/22Jason Hartman interviews Jeff Snider, Chief Investment Strategist and Head of Global Research at Alhambra Investment Partners. Consumer prices and asset markets have created the illusion of a red hot economy, but according to Jeff, the bond market has been telling us what's been wrong since 2008. Jeff shares with us some incredible data that shakes up...Read More
Clown World Today, Released on 5/18/22Freudian slip, much???????OE?George W. Bush: "The decision of one man to launch a wholly unjustified and brutal invasion of Iraq. I mean of Ukraine." pic.twitter.com/iyHpjx1abY- Clown World Today ??????OE? (@cwt_news) May 19, 2022 George W. Bush accidentally calls Iraq war 'unjustified and brutal' added by Herman James on 05/19/2022View all posts by Herman Jam...Read More
Wolf Street, Released on 5/18/22Pieces of evidence are lining up in increasing density. The number of potential future Continue... Wolf Richter: Housing Bubble Getting Ready to Pop added by Herman James on 05/19/2022View all posts by Herman James ?+'Read More
Market Sanity - Twitter, Released on 5/18/22Powell made the comments in an interview with the WSJ earlier this week (watch it here)Jerome Powell said Tuesday that this is a "strong economy"Notice how the U.S. consumer discretion ETF, XLY, peaked 6 months ago and has been plummeting ever since.Only a central banker could spin this as a "strong economy"#inflation @PeterSchiff pic.twitter.com/ZaWtL7Z...Read More
The Korelin Economics Report, Released on 5/18/22Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to discuss why he is still convinced that for a meaningful and sustained real bull market in the precious metals, that we need to see further corrective moves in the us equity markets. We review the potential path for Fed policy, bonds, interest rates, and the eventual point where th...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.Company president and CEO Jason Kosec that the financing was filled quickly, despite there being a difficult financing market for junior gold explo...Read More
The stairs up and the elevator down. Today the stock market boarded the elevator... again...The Dow Jones careened another 1,164 stomach-wrenched points today - the fifth collapse of at least 800 points this year - and the greatest single-day plunge since 2020.Both the S&P and Nasdaq were crowded into the identical box. Both endured the identical harrows.The S&P plummeted 165 points; the N...Read More
Freight Waves, Released on 5/18/22The world has permanently changed and supply chains are going to face continuing challenges for decades to come. Among those challenges are:Continue... Supply Chains Are Never Returning To "Normal" added by Herman James on 05/21/2022View all posts by Herman James ?+'Read More
There are a million factors for investors to consider when investing in gold stocks. And among the factors considered to be most important is ore grades.When a mining company talks about ore grades, it is usually referring to the concentration of mineral contained within the rock. For gold, grades are typically reported to the public in grams per tonne (g/t).A gold grade of five g/t simply means t...Read More
This video looks at the details of Barrick's Q1/22 results, including production, realized gold prices, all-in-sustaining costs (AISC), ...Read More
The Korelin Economics Report, Released on 5/18/22Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capita...Read More