The gold and silver miner is duel listed in Moscow and London, and headquartered in Jersey, but is primarily focused on Russia.Read More
West Africa an improved opportunitySPONSOREDMarvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Anglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining To be sure, this is a well-run mining company which runs on cash, not debt, with plenty in the developmen...Read More
RAPAPORT... Mountain Province Diamonds moved back into the black in 2021, as it benefited from the strong rough market and soaring prices for goods at its Gahcho Ku?(C) mine in Canada.Profit for the full year came to CAD 276.2 million ($219.6 million) Mountain Province reported Tuesday. That compares to a loss of CAD 263.4 million ($209.4 million) in 2020. Sales for the year rose 31% to $237 milli...Read More
RAPAPORT... A 45.46-carat diamond will lead an online auction at Christie's, becoming the highest-valued jewel to be offered in a virtual sale.The round-brilliant, D-flawless, type IIa diamond, named The Flawless Star, carries a high estimate of $6 million at the Jewels Online sale, set to run from March 28 to April 7, Christie's said Monday. The previous record belongs to a round, 50.03-carat, G-...Read More
(IDEX Online) - Christie's say a 45.46-ct round brilliant diamond is the highest value gem ever to be offered in an online-only auction.The Flawless Star (pictured), a D/IF Type IIa stone, carries at estimate of $4m to $6m and is being sold without reserve.The record high price actually paid for a diamond in an online-only sale was set in June 2020 when a 28.86-carat, D-color, emerald-cut dia...Read More
(IDEX Online) - Louis Vuitton has been come under fire online over its new fine jewelry collection - because the LV initials look like Russia's pro-war 'Z' symbol. Thousands of social media have pointed out the similarities between the two.Rapper Kid Cudi and actresses Jin Chen and Alicia Vikander have been photographed with the range of unisex pendants, rings, earrings and bra...Read More
(IDEX Online) - Israel's Prime Minister Naftali Bennett is due to discuss diamond and other trade links with India when he visits the country for the first time.Cut and polished diamonds are India's second-largest export to Israel ($1.1bn) behind processed petroleum products ($1.3bn).Bennett's is due to visit this coming weekend. However he has tested positive for Covid and is not y...Read More
(IDEX Online) - Beyonce served up a fashion grand slam with a pair of tennis ball-colored dresses (one citron, one lime) and almost 400 carats of diamonds at the Oscars.She wore shoulder-length earrings by Lorraine Schwartz, her jeweler of choice, featuring seven rows of diamonds, weighing in at 150 carats.The 40-year-old singer also showed off a pair of 150-carat diamond bangles and two diamond r...Read More
Udd said the company is looking to continue investing if Chile continues to provide the "right conditions" which Udd said are fiscal stability, legal certainty and a clear pathway to permitting.Read More
The minister said the government of Gabriel Boric plans to work with the 2050 national mining policy developed last year by the administration of Sebastian Pinera, but with changes as, "the policyRead More
In Chile, the company is completing a cycle of investment with the Los Pelambres seawater plant and additional milling capacity 70% complete. It has also recently finished a project at Zaldivar to increase recoveries. Its next big investment decision will be whether to develop a second concentrator at Centinela, once it has a greater line of sight on changes to the fiscal regime and the process to...Read More
US deputy secretary of the Treasury Wally Adeyemo warned that firms supplying the Russian military and those that helped Russia's richest escape sanctions would be targeted.Read More
Base metals prices on the London Metal Exchange were little changed on the morning of Tuesday March 29, while on the Shanghai Futures Exchange, nickel was down and the rest were firmer – this despite concerns about lockdowns affecting demand.* Despite low volumes and concerns about China’s lockdowns, the base metals generally look upbeat.* LME three-month nickel seems to have found a pri...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 39 points in pre-opening trade. McCormick gained $2.24 to $99.86 after reporting higher than consensus first quarter revenues and earnings. CVS Health dropped $2.24 to $99.86 after Deutsche Bank downgraded the stock from Buy to Hold.Bausch Health added $0.17 to US$22.75 after announcing plans to reduce its debt by anot...Read More
Canada's Kinross Gold Corp (TSX: K; NYSE: KGC) has entered exclusive negotiations with an unnamed third-party mining company after receiving several proposals to sell all its Russian assets.As part of the exclusivity agreement, Kinross' Russian subsidiaries will continue to operate the Kupol mine and other assets to maintain them properly.Kinross noted in a media release Tuesday afternoon that any...Read More
S&P Global Ratings has upgraded Barrick Gold's (TSX: ABX; NYSE: GOLD) long-term corporate credit rating a notch from BBB to BBB+.With a 'stable' outlook, S&P in a note said that the upgrade reflected Barrick's significant financial flexibility, noting a favourable view of Barrick's operating efficiency and breadth.S&P analysts expect Barrick's credit profile to remain highly resilient, even in a l...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 nature of technical analysis while giving his view on interest rates, the stock market, commodities and speculative asset bubbles. He also shares his take on recent movements in gold, which have a remark...Read More
The Toronto-quoted equity of Mountain Province Diamonds (TSX: MPVD) has achieved a new 12-month high on March 29 after the company overnight reported record free cash flow in 2021 and a massive impairment reversal attributable to positive changes in market sentiment and diamond prices.During the year 2021, Mountain Province sold a total of 3.16 million carats at an average price of $94 per carat (...Read More
Shares of Inomin Mines (TSXV: MINE) traded at its highest price in the last five years as the company reported new discoveries of nickel, magnesium and chromium at its Beaver nickel-cobalt property in south-central British Columbia. Highlights of the drilling from the early-stage property included 175.26 metres grading 0.178% nickel, 93 parts per million (ppm) cobalt, 0.362chromium and 21% magn...Read More
Osisko Development (TSXV: ODV) has closed the second tranche of its previously announced non-brokered private placement. More than 9.4 million subscription receipts of the company were issued under this tranche at a price of US$3.50 each, for additional gross proceeds of approximately US$32.8 million.This, together with the US$84.8 million brought in under the first tranche, brings the total size...Read More