RAPAPORT... Christie's is set to offer 128 Patek Philippe watches from a private collector in three sales across the globe.The assortment, called the Kairos Collection, is the finest group of contemporary timepieces by the designer ever to come to auction, Christie's said last week. The watches were acquired over 35 years.The auction house will feature 30 pieces in the first part of its May 9 Gene...Read More
EMX Royalty posted a loss of C$29.7 million for 2021, higher than the C$6 million loss made in the previous year. The loss included C$10.Read More
RAPAPORT... An early 20th-century ruby and diamond ring garnered nearly eight times its high estimate following a bidding war at a recent Fellows auction.The piece, which featured an unheated 2.20-carat Burmese ruby and 0.65 carats of old-cut diamonds, fetched GBP 19,140 ($25,265) at the March 31 jewelry sale, smashing its upper presale estimate of GBP 2,500 ($3,300). The final price is one of the...Read More
(IDEX Online) - The planet Mercury could be awash with diamonds, say experts.Their research suggests its heavily-cratered surface could be home to 16 quadrillion tons of diamonds.A quadrillion is a million billion - or one followed by 15 zeros. And that measurement is in tons, not carats.The research was presented at the Lunar and Planetary Science Conference (LPSC) in Houston, Texas, USA. Ke...Read More
West Africa an improved opportunitySPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining That view was evident in comments made last week by the Governor of the Bank of England, Andrew Bailey, w...Read More
(IDEX Online) - Alrosa has quit the Responsible Jewellery Council (RJC).The move came days after the RJC's own executive director resigned in frustration that the miner - a third owned by the Russian government - had been allowed to remain as a member.Alrosa stood down as vice chair of the London-based watchdog shortly after Russia invaded Ukraine on 24 February, but did not suspend its membe...Read More
(IDEX Online) - Allegations of a $200m rough diamond and foreign exchange scam involving customs officers in Mumbai are being investigated by India's Directorate of Revenue Intelligence (DRI), the Free Press Journal reports.The Mumbai-based newspaper says the DRI stumbled upon corrupt "hawala" transactions - money transfer without money movement - allegedly carried out with the connivance of...Read More
(IDEX Online) - The IDEX Polished Price Index rose steeply over a couple of days early in March, but declined steadily day by day during the rest of the month. The initial leap outweighed subsequent losses, so the Index closed up 0.54 per cent on the start of the month, setting another decade-high record. But the trend since the 5th of the month has clearly been downwards...Read More
It followed seven weeks of negotiations and involves around 1,300 union employees at the copper complex which is near Salt Lake City.Read More
"Our updated mineral reserve estimate is an indication of Chelopech's consistent track record of replacing mineral reserves, and we believe there is strong potential to continue this trend," president and CEO of Dundee David Rae said. The new life-of-mine plan predicts gold production in 2022 of 171,000oz, which is up from the previous plan's 158,000oz. There has been little change to 2023 an...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points in pre-opening trade. Twitter advanced $9.49 to $48.80 on news that Elon Musk has acquired a 9.2% interest in the company.Tesla gained $7.51 to $1092.10 after announcing record production in the first quarter. Constellation Brands added $1.29 to $235.00 after the Sands family proposed a switch to a single clas...Read More
Ontario's strategic push to establish a fully integrated lithium-ion battery supply chain got a massive boost on Monday after Avalon Advanced Materials (TSX: AVL) reached an agreement with India-based Essar Group to fund and provide development support for a lithium refinery in Thunder Bay.Avalon and RenJoules International have partnered to co-develop a regional lithium battery materials supply c...Read More
The Toronto-quoted equity of Hemlo Explorers (TSXV: HMLO) jumped more than 53% on Monday after the company revealed it had entered a binding term sheet with Barrick Gold (TSX: ABX; NYSE: GOLD) that will give Barrick a right to earn up to 80% of the Pic project in Ontario.Located 25 km west of Barrick's Hemlo mine, Barrick will have to deliver to Hemlo Explorers a pre-feasibility study within six...Read More
Lithion Recycling has received $22.5 million in funding from the Quebec government, including a $15 million equity investment in the company's capital stock through Investissement Qu?(C)bec and $7.5 million in grants from the Fonds d'?(C)lectrification et de changements climatiques.Lithion also received funds totalling $125 million earlier this year from Quebec-based Fondaction, and from Korea's I...Read More
Belmont Resources (TSXV: BEA) reported its longest intercept of copper mineralization to date from the ongoing 7,000-metre drill program at the Lone Star copper-gold project, operated by Marquee Resources (ASX: MQR). The project is situated in northern Washington state, near the Canada-U.S. border. The drill campaign is part of an option agreement that Belmont inked with Marquee in November,...Read More
Canada Nickel Co. (TSXV: CNC; OTC: CNIKF) has completed the current phase of drilling at its flagship Crawford nickel sulphide project in Ontario, and is reporting assay results from 33 drill holes, including additional assays from the previously announced East Zone high-grade core discovery. A further 37 holes have been drilled at Crawford, with assays pending.The East Zone was originally defined...Read More
Centerra Gold (TSX: CG) and the Kyrgyz Republic have reached an out-of-court settlement in which the Canadian miner agrees to hand control of its expropriated Kumtor operation to the country's government, ending an almost year-long dispute over the asset.The deal, to be announced by Kyrgyz President Sadyr Japarov on national television, will see Centerra to transferring ownership of the mine...Read More
The Daily Wire, Released on 4/4/22A biologically male cyclist who now identifies as female was barred from competing in a women's championship race this weekend, following threats Continue... Transgender Cyclist Booted From Women's Championship After Female Competitors Threaten Boycott added by Herman James on 04/05/2022View all posts by Herman James ?+'Read More
Schiff Gold, Released on 4/4/22It's clear that gold is playing a large role in protecting Russian wealth.Continue... Russia Is Quietly Making the Case for Owning Gold added by Herman James on 04/05/2022View all posts by Herman James ?+'Read More
Inflation is not a guessing game anymore; it's here. Every time you buy gas at the pump or groceries at the supermarket or book a plane ticket, the price increases are staring you in the face.The problem is that inflation cannot be isolated. It's not limited to what you pay to fill up your car, for example. Truckers have to pay the same higher prices for diesel fuel, which add to transportation co...Read More