(IDEX Online) - Sarine is utilizing its scanning and mapping technologies to provide accurate dollar valuations of rough diamonds in terms of their polished potentialIt is harnessing digital data from its existing Galaxy, DiaExpert and Advisor products The company says this information will provide the finance sector with the confidence to extend to working capital for a polishing operation,s...Read More
RAPAPORT... Platinum Guild International (PGI) has promoted Kevin Reilly to senior vice president following a 16-year tenure with the trade organization.In his new role, Reilly, who has been vice president since 2006, will be responsible for developing strategic partnerships with companies at all levels of the supply chain and formulating programs to help them build their platinum-jewelry business...Read More
(IDEX Online) - The Kimberley Process is urging Russia to immediately ends its war in Ukraine. In a strongly-worded statement the Kimberley Process Civil Society Coalition (KP CSC) also called on governments and the diamond industry to make sure that diamonds from Russia do not finance the conflict. The coalition also urges KP chair Botswana to call a special plenary meeting to that end. It says i...Read More
RAPAPORT... The European Union has prohibited exports of diamonds, jewelry and other luxury goods to Russia in response to the continued war in Ukraine.Tuesday's sanctions prohibit the "sale, supply, transfer or export" of a range of products to any person or entity in Russia or for use in Russia. These include rough and polished diamonds, various precious metals and stones, jewelry, and meta...Read More
(IDEX Online) - Indian jewelry chain Titan Co has bought a $20m stake in the US lab grown retailer Great Heights.In a separate move it also announced plans to open around 20 stores in the next three years outside India, including the US.Titan bought a 17.5 per cent stake in Delaware-based Great Heights Inc, which sells lab grown jewelry through its Clean Origin brand. It reported gross reven...Read More
(IDEX Online) - New sanctions by the European Union ban the export of diamonds and any other luxury goods to Russia with a value over $330.The move, announced yesterday in response to Russia's ongoing invasion of Ukraine, covers the sale precious stones, crystal, caviar, wine, handbags, leather products, shoes and coats.However the 27-nation EU did not follow the US's lead in banning the...Read More
(IDEX Online) - Gold coins minted in Australia have been set with 78 pink diamonds from the iconic Argyle mine.The limited edition of just eight are legal tender, with a nominal value of AUD 2,500, but are being sold to collectors for AUD 262,800 (US$190,000).The coins (pictured), named The Jewelled Koi, are set with 80 white diamonds, as well as the Argyle pinks, and contain 10oz of gold.They hav...Read More
Mining Journal and MiningNews.Net Copper Outlook ReportSPONSOREDMarvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining Ero Copper touts green focus and shareholder returnsSPONSOREDero copperAccording to the latest 'Industry Monitor' report from S&P Global Market Intelligence (SPGMI), tot...Read More
The three-month nickel price on the London Metal Exchange reached its downward limit soon after the opening on Wednesday March 16, while the rest of metals were generally firmer, as were the base metals on the Shanghai Futures Exchange.* China announces measures to boost the economy and support markets...* ...as the spread of Covid-19 surges.* Markets seem ready for Federal Reserve’s rate ris...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 46 points in pre-opening trade. Index futures responded to encouraging overnight news from Ukraine and China. The Shanghai Composite Index advanced 106.75 to 3,170.71. Index futures moved lower following release of February Retail Sales at 8:30 AM EDT. Consensus was an increase 0.4% versus a gain of 3.8% in January. Ac...Read More
CHEYENNE, Wyo., March 16, 2022 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold," the "Company," "we," "our" or "us") (NASDAQ: USAU) today announced that it has entered into a definitive agreement with a single institutional investor for the purchase and sale of 625,000 shares of common stock at a price of $8.00 per share and warrants to purchase 625,000 shares of our common stock at an exercise price...Read More
Rupert Resources (TSXV: RUP) has announced new drill results from its Ikkari gold deposit and Heina South property, both part of its 100%-owned Rupert Lapland project in Northern Finland. Drill highlights from Ikkari included 110 metres grading 5.1 grams gold per tonne starting from 185 metres in drillhole 121169, and 163.3 metres grading 3.6 grams gold starting from 18.7 metres in drillhole 1211...Read More
Goliath Resources (TSXV: GOT; OTC: GOTRF) has closed the second and final tranche of its recently upsized private placement of flow-through units. A total of $778,400 was raised in this tranche, bringing the total financing proceeds to just under $14.61 million. The placement was originally arranged for $11 million.As previously announced, the financing involved the participation of strategic and...Read More
Osisko Mining (OSK: TSX) has announced new drill results from the high-grade Lynx zone at its 100%-owned Windfall gold project in the Eeyou Istchee James Bay region of Quebec. Highlights of expansion drilling results from outside the current Lynx resource included 5.4 metres grading 187 grams gold per tonne starting from 1,004.6 metres in drillhole OSK-W-21-2601-W1; 5.6 metres grading 23.9 grams...Read More
I live high on a cliff, within sight of two extremes of evolution, both rare. One is a set of dinosaur footprints on the foreshore of the Bristol Channel, and the other is a nuclear power station under construction across the water in Somerset. The footprints are properly old, being left in Triassic mudstones by one of the first Sauropods perhaps 210 million years ago (I find it helpful to visu...Read More
In a recent research paper, a team at the University of Exeter presents new insights into how to discover porphyry-type copper deposits.In the study, the group proposes that certain textures preserved in rock may be indicative of the types of physical processes that form these deposits and may give an early indication of their location. According to the scientists, previous understanding of such...Read More
Liberty and Finance, Released on 3/16/22 (Recorded on 3/14/22)The stark reality of our economic and financial plight is becoming more and more apparent. Regardless of what the Fed does, the economy sinks. "The economy is already rapidly deteriorating," says portfolio manager Michael Pento. "This is the revenge of the real economy," he says.0:00 Intro1:08 Economic growth6:37 Fed policy13:55 No melt...Read More
YouTube/PeterSchiff, Released on 3/16/22Elizabeth Warren blames covid and corporations for problems caused by Congress.Bond market thinks the recession will cure inflation; it won't.Congressional staffers get a huge pay raise, paid by taxpayers.Small rate hikes will hurt the stock market, not the gold market.Fed is doing the minimum it can get away with to try to save face.You live by low interest...Read More
ITM Trading, Released on 3/16/22Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and...Read More
The Market Ticker, Released on 3/16/22The phrase all over CNBS was "Fed Policy Mistake."Oh please.Continue... Karl Denninger: 'Fed Policy Mistake' (ROFL) added by Herman James on 03/17/2022View all posts by Herman James ?+'Read More