RAPAPORT... Sarine Technologies' revenue and earnings fell in the first half of 2022 as market pressures around the world dented demand for the company's manufacturing equipment.Sales dropped 13% year on year to $13.2 million, the Israeli-based company reported Monday. Profit slumped 48% to $6.5 million.Sarine, which supplies machinery to the diamond-manufacturing industry, saw a 30% drop in...Read More
The Texas-based producer of lab-created diamonds explains its new supply deal with HRA Group.RAPAPORT... Long-term supply deals for lab-grown diamonds are coming in thick and fast. Trade buyers want to lock in the best goods, and only a limited number of producers can grow high-quality material, as industry consultant Marty Hurwitz told Rapaport Magazine earlier this year."There are more and...Read More
(IDEX Online) - Sarine reported a 13 per cent drop in first-half earnings, under "challenging conditions", notably the ongoing war in Ukraine and resulting sanctions on Russia.The diamond tech company said group revenue had declined from $36.0m in H1 2021 to $31.2m. "Geopolitical developments, primarily the war in Ukraine and an increasingly inflationary economic environment, along with ongoi...Read More
(IDEX Online) - Indian manufacturers have started cutting and polishing in Botswana, lured by a ready supply of locally-mined rough.Botswana, the world's second biggest diamond producing nation and home to De Beers' 10 annual sights, expects investment in return, according to The Times of India, as well as training and employment opportunities, "Around 20 units have been set up in B...Read More
(IDEX Online) - Signet today said it had signed a deal to buy the online jeweler Blue Nile in a $360m all-cash deal.Signet, the world's largest retailer of diamond jewelry, said it was a strategic acquisition that would "accelerate efforts to expand its bridal offerings and grow its Accessible Luxury portfolio."Blue Nile claims to have over 650,00 diamonds available for sale, and says it has...Read More
(IDEX Online) - The growth in US sales of jewelry and watches in June dropped to its lowest level in two years, barely above zero at 0.8 per cent (and too small to register on the graph below).Think back just over a year to April 2021, when year-on-year growth was an unprecedented 218 per cent. And to the previous April when it was minus 54 per cent.June 2022 was the month when the US annual infla...Read More
Executive chairman David Ledger provides an update on Zenith Minerals' transition to focus on its lithium assets in Western Australia and the demerger of its non-battery minerals projects.Read More
The firm's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) slumped to C$1.684 million in the second quarter from $47.Read More
This improvement in costs was a result of higher zinc and gold by-product credits and higher copper production, the firm said.Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 14 points in pre-opening trade. Micron dropped $2.35 to $59.10 after lowering revenue guidance. Enbridge added $0.45 to Cdn$55.80 on news that Canada and the U.S. are making progress on negotiations to settle the Line 5 pipeline issue. Take Two dropped $3.51 to $122.00 after reporting lower than consensus second quart...Read More
Osino Resources (TSXV: OSI; US-OTC: OSIIF) has released an updated resource estimate for the Twin Hills gold discovery in Namibia, which could add more ounces to the company's impending prefeasibility study expected out by September.The new resource (at a 0.5 grams gold per tonne cut-off) holds 2.75 million troy oz. in the measured and indicated categories grading 1.13 grams per tonne in 6.7 milli...Read More
Calgary-based E3 Lithium (TSXV: ETL; US-OTC: EEMMF) recently announced the successful manufacture of a small batch of sorbent, a critical chemical component of its plan to produce battery-grade lithium products at its Clearwater project from brines in the historic Leduc Formation in Alberta.The company, which has developed direct lithium extraction technology as capable of generating more than 90%...Read More
Denison Mines (TSX: DML) has made an improved offer to acquire UEX Corp. (TSX: UEX) after seeing its U.S.-based rival Uranium Energy Corp. (UEC) trump its original bid earlier this week. The new proposal would see UEX shareholders receive 0.32 of a Denison share for UEX share held, representing an implied purchase price of $0.51 per UEX share on a spot basis.Denison said this offer represents...Read More
This week's episode features InTheMoneyStocks.com chief market strategist Gareth Soloway in conversation with host Adrian Pocobelli on recent developments in financial markets. Gareth explains the background of his investment style, while giving his view on the stock market, bonds, currencies, industrial metals, and his $5000 outlook on gold.All this and more with host Adrian Pocobelli.Music Credi...Read More
Foran Mining (TSX.V: FOM; OTCQX: FMCXF) has inked a preliminary deal for a $200-million investment by the Ontario Teachers' Pension Plan Board, for the company's McIlvenna Bay copper project in Saskatchewan.The agreement locks the parties into an exclusivity period deal, with the goal of signing a definitive agreement in the third quarter.The proceeds of the proposed $180-million convertible secur...Read More
Canada's Taseko Mines (TSX: TKO; NYSE-AM: TGB; LSE: TKO) saw its finances shaken in the second quarter of the year due to lower mined grades at its 75%-owned Gibraltar open pit copper mine in British Columbia.The company posted adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $1.7 million for the three months ended June 30, a 96% drop when compared to the almost...Read More
We spoke with Don Smith, who is Managing Director of Tempest Minerals Ltd (TEM), an Australian based, mineral exploration Company, with a diversified portfolio of projects, in Western Australia, considered highly prospective for precious, base and energy metals. The Company's 1,000 square kilometers exploration portfolio holds high prospectivity, for a number of commodities, including copper, gold...Read More
Woj - Twitter, Released on 8/9/22Ron Paul in 1988:"It almost looks like the FBI was designed to spy on Americans who might be disagreeing with policy."pic.twitter.com/NbxPSbZp6B- Woj ???u???? (@Woj_Pawelczyk) August 9, 2022 Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestselle...Read More
Citizen Free Press, Released on 8/9/22"This is 100% desperation...I think they've jumped the shark on this.""Culturally and politically the power structure knows that they're not with the People."Continue... Alex Jones: The FBI raid will propel Trump to victory added by Herman James on 08/10/2022View all posts by Herman James ?+'Read More
LONDON, 9 August 2022 - Comment from BullionVault's director of research Adrian Ash today leads a report on the outlook for fund-management and other large investor flows to gold from institutional news-site FE Trustnet.Citing gold's strong first-half performance amid the wider financial markets' sell-off in 2022, "The risk of recession becoming longer-term stagflation is likely to see portfolio m...Read More