RAPAPORT... Pandora saw record revenue in the first quarter amid strong Valentine's Day sales and the reacquisition of franchised stores.Revenue rose 21% year on year on an organic basis - a similar metric to comparable-store sales - for a total of DKK 5.7 billion ($804.3 million) in the period that ended March 31, the Danish jeweler said Wednesday. Sales for the Valentine's Day holiday increased...Read More
RAPAPORT... The Indian diamond industry is mourning the death of Sanjay Shah, a partner at manufacturer KBS Group and a former official for the country's Gem and Jewellery Export Promotion Council (GJEPC). Shah was a convener of the GJEPC's diamond panel committee, which handles matters related to the diamond trade, the council said in a LinkedIn post this week. He was also an active mem...Read More
(IDEX Online) - A tiara with over 100 carats of diamonds that belonged to one of Britain's most extravagant aristocrats is being offered for sale.Henry Paget, 5th Marquess of Anglesey (1875 - 1905) squandered an inheritance from his father worth $75m in today's money, including family estates in Staffordshire, Dorset, Anglesey and Derbyshire.He blew the lot in five years, on outrageous c...Read More
(IDEX Online) - Two men involved in a $1m-plus series of organized jewelry raids across California, USA, have been jailed for 16 months.They broke into JCPenney and Sam's Club stores (retail warehouse clubs owned by Walmart) in nine counties throughout the state between September 2020 and February 2021Defendants Anton Salaam and Marion Paul Tilley both pleaded guilty to a violation of organiz...Read More
Hole 43 caused a stir among some NGO's and the anti-mining lobby in the region, with claims that the company should not have been drilling, which we will dig into later in this article.Read More
IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixOreCorp prepares to deliver Tanzania's next big gold mineSPONSOREDorecorpArrow Minerals on the gold discovery path in West AfricaSPONSOREDarrow mineralsBlackEarth Minerals boosts graphite asset in MadagascarSPONSOREDblackearth mineralsUS Senator Martin Heinrich, a member of the Senate Energy and Natural Resources Committee, has int...Read More
The expected interest rate increase by the Federal Open Market Committee will be the largest since 2000.Read More
The company expects that Kamoa Copper will become the world's third-largest copper mining complex after the phase 3 expansion with annualized copper production capacity of about 600,000 tonnes perRead More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in pre-opening trade. Index futures were virtually unchanged following release of the March Trade Deficit at 8:30 AM EDT. Consensus was $106.7 billion versus $89.20 billion in February. Actual was $109.8 billionThe Canadian Dollar was virtually unchanged at US78.04 cents following release of Canada's March Me...Read More
New Found Gold (TSXV: NFG; NYSE-A: NFGC) has reported more high-grade gold results from its ongoing, 400,000-metre drill program at its Queensway project in Newfoundland. Highlights from the drilling included 6.8 metres grading 8.7 grams gold per tonne starting from 98.3 metres in drill hole NFGC-22-533; and 2.2 metres grading 275 grams gold starting from 32.5 metres in drill hole NFGC-22-538....Read More
Shares of Baselode Energy (TSXV: FIND; US-OTC: BSENF) rose to their highest in May as the company reported elevated radioactivity in a near-surface interval in drill hole AK22-038 as part of the company's ongoing 20,000-metre drill program on the Ackio uranium discovery at its Hook project, in northern Saskatchewan's Athabasca Basin.The drill hole reported a radioactivity of 914 counts per second,...Read More
SRK Consulting has built deep experience working in the African mining sector and has developed a firm grasp of where potential opportunities are and some of the critical challenges preventing the industry from contributing to local economies to its fullest potential.The Northern Miner's senior reporter, Henry Lazenby, caught up with SRK Consulting director and principal consultant Andrew van Zyl...Read More
Champion Iron (TSX: CIA; US-OTC: CIAFF) has completed the first rail shipments containing 24,304 tonnes of high-grade 66.2% Fe iron ore concentrate from the Phase II expansion project at the Bloom Lake mine in Quebec.The mine complex is located approximately 13 km north of Fermont, and 10 km north of the Mont Wright iron ore mining complex belonging to ArcelorMittal Mines Canada. The Bloom Lake...Read More
Osisko Mining (OSK: TSX) has released more high-grade results from its infill and expansion drilling at the Windfall gold project in Quebecc, including 43 intercepts in 17 underground drill holes and five wedges from surface.The infill intercepts are located inside the mineral resource estimate (MRE) blocks defined in January 2022, which reflected 1.7 million metres of drilling. The measured and i...Read More
Iamgold (TSX: IMG; NYSE: IAG) has revealed a costs blowout at its massive C??t?(C) gold project in Ontario, with preliminary estimates from an ongoing risk analysis indicating that development of the asset would require between US$1.2 billion and US$1.3 billion to complete.That compares to the company's previous assessment of between US$710 million and US$760 million needed and represents an eye-p...Read More
ABC News (Australia), Released on 5/4/22Contrarian investor Marc Faber says central banks have waited too long to act. He believes a recession is inevitable and it will hurt ordinary people.Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong...Read More
Blockworks Macro, Released on 5/4/22On today's episode of "Forward Guidance," Jack Farley is joined by the mysterious green chicken known only as "Doomberg," a research publication on energy, food, and fertilizer. Doomberg argues that the ongoing surge in oil and natural gas prices is due to key policy errors that, if they continue, will ensure that price shock will turn into a full-blown energy a...Read More
Liberty and Finance, Released on 5/4/22 (Recorded on 5/3/22)For decades, government policy has been borrowing from the future. The day of reckoning is coming. Market trader and coach Gregory Mannarino expects the stock market to crash as much as 80%. Investors will rush out of stocks and into real assets, he says. "There's going to be a credit freeze," he forecasts. "There's going to be no cash in...Read More
NTD, Released on 5/4/22Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's T...Read More
Blockworks Macro, Released on 5/4/2200:00 Opening Thoughts08:05 Powell's "Codewords"15:10 The Balance Sheet: Stock vs. Flow22:10 Is The Fed No Longer Credible?27:32 When Is Inflation Going to Peak?47:15 Worst Bond Market Sell-Off Since George Washington Became President51:30 Systemic Risks For The Financial Systems53:00 Are Rate Hikes Good for Commercial Banks?1:01:04 How Far Can The Fed Go?Follow...Read More