Predictive Discovery to forge a golden future in GuineaSPONSOREDpredictive discoveryOreCorp prepares to deliver Tanzania's next big gold mineSPONSOREDorecorpIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixArrow Minerals on the gold discovery path in West AfricaSPONSOREDarrow mineralsAs with many of its fury friends the cat-sized chuditch, also known as the western quoll, looks u...Read More
RAPAPORT... Prices of fancy-color diamonds grew 1% in the first quarter compared with the previous three months amid strong market for pinks, according to the Fancy Color Research Foundation (FCRF).Pink fancy-color prices gained 1.3%, with yellows up 0.7%, the organization reported Monday in its quarterly release of the Fancy Color Diamond Index. Prices of blues increased 0.1%.Prices for the...Read More
RAPAPORT... A 21.93-carat diamond far outstripped its high estimate at Heritage Auctions' most recent jewelry sale, raking in $300,000.The round brilliant-cut, W- to X-color, VVS2-clarity diamond necklace, which has baguette-cut diamonds set into the chain, was expected to fetch $200,000 at the May 2 Fine Jewels sale, Heritage said last week. In total, the auction realized $5.4 million.A round bri...Read More
(IDEX Online) - UK-based miner Vast Resources has indicated it still hopes to win the go-ahead from Zimbabwe's government to operate in the Marange diamond fields.It has partnered with Chiadzwa Community Company (CCC) and had hoped to sign a deal back in 2019.Despite a series of delays, Vast's CEO Andrew Prelea has indicated that the company remains hopeful it will be granted licenses to...Read More
(IDEX Online) - The former bookkeeper at New York jewelry company Julie Vos has been charged with stealing over $2.8m to pay his American Express bills.Francisco Lopez, 36, from Bayside, New York, was indicted with grand larceny in the first degree and criminal possession of stolen property in the first degree.He is alleged to have made thousands of fraudulent transactions - "regularly but d...Read More
(IDEX Online) - De Beers says its blockchain-backed Tracr platform is now able to track the journey of every diamond it sells, from Sight to retailer.The UK-based miner says the tamper-proof technology has already been used for a quarter of its production by value during its first three Sights of 2021.Tracr, which employs blockchain, artificial intelligence, the Internet of Things and advanced sec...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 70 points in pre-opening trade. Starbucks dropped $1.46 to $75.06 after Deutsche Bank lowered its target price from $116 to $103.Shopify fell $20.00 to US$357.49 after Wedbush dropped its target price from $630 to $538.Duke Energy slipped $1.16 to $110.16 after reporting lower than consensus first quarter earnings. Un...Read More
Trevali Mining (TSX: TV; US-OTC: TREVF) has said that it is yet to locate or communicate with the eight underground miners who went missing on Apr. 16 at its Perkoa zinc mine in Burkina Faso after flooding caused by heavy rainfall disrupted operations, the company said. The Burkina Faso government is conducting an investigation into the flooding event, Trevali's director of investor relations,...Read More
A renewed focus on creating meaningful partnerships between miners, host communities and governments is quintessential to unlocking economic prosperity for African stakeholders, Barrick Gold (TSX: ABX; NYSE: GOLD) CEO Mark Bristow told the Investing in Africa Mining Indaba on May 9.The chief executive of the world's second-largest gold producer by volume calls it "partnerships for prosperity," whi...Read More
The Dow Jones Industrial Average fell 162.13 points or 0.49% to 32,899.37 and the S&P 500 fell 32.04 points or 0.77% over the week to 4,123.34. Shares of Cameco fell 1.97% to US$23.84 as the company failed to attract additional long-term uranium contracts during the first quarter of this year, beyond the 40 million lb. announced in mid-February. The company said that it had a "significant pipelin...Read More
Over the May 2-6 trading period, the S&P/TSX Composite Index inched 58.94 points or 0.28% lower, to 20,633.28. The S&P/TSX Global Mining Index lost2.83 points or 2.52% to 112.16 and the S&P/TSX Global Base Metals Index fell 8.22 points or 4.37% to 188.01. The S&P/TSX Global Gold Index fell by 0.91 points or 0.28% to 323.52 and spot gold ended the week US$12.65 per oz. higher, or 0.67%, at US$1882....Read More
The S&P/TSX Venture Composite Index retreated by 44.46 points or 5.5% over the May 2-6 trading session to end at 769.97. Vancouver-based Chesapeake Gold rose 17 ? to close the week at $3.02, or 6% higher. The junior released infill drilling results from its Metates gold-silver project in Mexico's Durango state that returned 22% average higher grades within intrusive-hosted mineralization than pre...Read More
Imperial Metals (TSX: III) is aiming to reopen its Mount Polley copper-gold mine in British Columbia, Canada, before the end of June, buoyed by high prices for the metal and a looming deficit.Work to reopen the mine began late last year, with hundreds of former and new employees focused on removing water from the pit, pre-stripping waste rock to expose ore bodies and preparing the processing mill...Read More
The board of First Quantum Minerals (TSX: FM) has resolved to proceed with a US$1.3 billion expansion of the company's cornerstone Kansanshi copper mine in Zambia, including the Enterprise nickel project.Called the S3 Expansion, the project is expected to transition the mine from its current selective high-grade, medium-scale operation to a medium-grade, larger-scale mine able to deal with a highe...Read More
Increasingly, financial regulators and investors are focused on ensuring that mining companies are prepared for the risks and opportunities of climate change.However, the consequences of climate change for the mining industry "are informed by a complex and evolving dynamic, which presents both threats to the way the industry operates and significant business opportunities as the world pushes towar...Read More
Share this articleVANCOUVER - Orla Mining Ltd. [OLA-TSX] has announced Phase one metallurgical test results at its Camino Rojo sulphide deposit in Zacatecas, Mexico with findings that support the potential for a standalone processing option.Camino Rojo consists of a near-surface oxide gold-silver deposit with a large deeper gold-silver-zinc-lead- sulphide zone.Camino Rojo reached the commercial pr...Read More
We spoke with Don Mosher, President and Director of Desert Mountain Energy Corp. (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01), a forward-looking Vancouver-based resource company, actively engaged in the exploration and development of the world's potentially highest-grade Helium and Noble Gas properties, in Northeastern Arizona. Currently, the Company is focused on its Tier 1 Holbrook Basin Heliu...Read More
Wall Street Silver - Twitter, Released on 5/9/22New footage from Shanghai. I guess this is the new way to arrest people...Probably a propaganda video, not sure why they are leaking stuff like this. pic.twitter.com/difbScQgNK- Wall Street Silver (@WallStreetSilv) May 9, 2022 More insane lockdown footage from Shanghai... added by Herman James on 05/09/2022View all posts by Herman James ?+'Read More
Mish Talk, Released on 5/9/22Treasury Secretary Janet Yellen tried to comfort the markets today. Her comments appear to have been counterproductive.Continue... Mish Shedlock: Don't Worry, Janet Yellen Says the Financial System is Still Orderly added by Herman James on 05/10/2022View all posts by Herman James ?+'Read More
Wolf Street, Released on 5/9/22This gap between the record gasoline and diesel prices and the far-below-record crude Continue... Wolf Richter: Gasoline & Diesel Prices Spike to New WTF Records, But Don't Blame Crude Oil added by Herman James on 05/10/2022View all posts by Herman James ?+'Read More