Buenaventura (NYSE: BVN), Peru's largest publicly traded precious metals miner, will begin construction on its delayed San Gabriel gold-silver project in the country's southern region of Moquegua in 2023.The company had planned to start site works at the US$328 million project in the second half of 2021 but had to postpone the move and focus on reducing debt first.The needed cash injection came...Read More
Russia's Alrosa (MCX: ALRS), the world's top diamond miner by output, suspended on Friday its membership in the Natural Diamond Council (NDC), a market alliance of the world's leading producers of precious stones.The move comes only a day after the company, which was placed in the U.S. sanctions list, decided to step down from its position as vice chair of the Responsible Jewellery Council (RJC),...Read More
I would love nothing more than to sit here and enumerate to you all of the ways in which the war in Ukraine will affect the economy and your portfolio going forward.But I can't.No one can.And anyone who says otherwise is a liar.Remember, I was one of the few people who actually saw all of this coming.And I don't just mean two weeks ago, when I backed up Luke Burgess' call on triple-digit oil price...Read More
After the war-driven gold rally, oilis starting to outperform. History between these two has already shown thatsomeone may suffer. Many suggest: gold miners.The precious metals corrected some oftheir gains yesterday, but overall, not much changed in them. However, quite a lothappened in crude oil, and in today’s analysis we’ll focus on whatit implies for the precious metals market and,...Read More
After the war-driven gold rally, oilis starting to outperform. History between these two has already shown thatsomeone may suffer. Many suggest: gold miners.The precious metals corrected some oftheir gains yesterday, but overall, not much changed in them. However, quite a lothappened in crude oil, and in today’s analysis we’ll focus on whatit implies for the precious metals market and,...Read More
TAAT #TAATGlobal #TAATGlobalAlternatives #SettiCoscarella #interview #wellness Taat, Taat Global, Taat Global Alternatives, ...Read More
Rover Metals Corp. declared the acquisition of the Tobin Gold Project located in the Mt. Tobin range, present in northern Nevada. The Tobin Project is situated 77 km by road south of the city of Winnemucca, NV, and it is in the heart of a rich gold jurisdiction that has evidenced large consolidation in the last two years.Read full newsRead More
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It's been a wild ride, eh? Hold onto your butts, we're just getting started.There's a lot of talk about what investors are comfortable with when it comes to market volatility and churn.Even that is buried under the daily "market move" headlines.One day they claim investors seem to be okay with the myriad of risks in the market. The next is a massive sell-off.Risk on, risk off, then risk on with a...Read More
Share this article IHS Markit's forecast sees oil sands production at 3.6 million barrels per day in 2030, nearly 650,000 barrels per day more than in 2021Canada's oil sands sector is poised for a major environmental improvement within the next five years. According to analysis by consultancy IHS Markit, total oil sands greenhouse gas emissions are on track to start going down.This follows more t...Read More
When I first saw this picture, I was thoroughly impressed...The president of Ukraine standing strong in defiance of a bloodthirsty enemy who has already called for his execution. But his thirst for freedom is so unrelenting that he refuses to flee or abandon the people who rely on him to protect their sovereign land. Now, I don't know much about President Volodymyr Zelenskyy, but here's what I do...Read More
A close above $28 constitutes a breakout, and once the silver price is above $30, the next target quickly becomes... by Craig Hemke via Sprott Money NewsAs anyone who has watched the precious metals for any amount of time will tell you, price rallies on geopolitical concerns rarely hold. The same might be true today. However, do not make the mistake of thinking that the current rally in gold and...Read More
Mining Journal and MiningNews.Net Copper Outlook ReportSPONSOREDEro Copper touts green focus and shareholder returnsSPONSOREDero copperFor C3 Metals, X marks the spotSPONSOREDc3 metalsGreat Panther, great prospectsSPONSOREDgreat pantherJindalee was one of 84 companies to appear on stage at the annual RIU Explorers Conference in Fremantle in February.Read More
US sanctions Russia, including Alrosa and its CEO. No sanctions on doing business with Alrosa but banking system shut down. Significant supply disruptions expected to impact market. Alrosa is the largest rough producer with 2021 sales of 45.5M cts. for $4B, profits of $834M. Diamond trading robust, but sentiment weakened by economic and geopolitical uncertainty. 1 ct. RAPI +5.6% in Feb. despite co...Read More
RAPAPORT... Alrosa has voluntarily stepped down as vice chair of the Responsible Jewellery Council (RJC) in light of Russia's war in Ukraine, the standards authority announced Thursday.The diamond miner will also leave the organization's board of directors temporarily, the RJC noted. The decision was "communicated" to the board during a meeting on Thursday, it added. Alrosa declined to commen...Read More
The first in a series of webinars on the future of diamonds looks at sustainability: What is it, and why does it matter?...RAPAPORT... Sustainability has emerged as a key driver of business strategy in recent years, growing from the need to protect the planet, uplift communities and ensure that products and services make a positive contribution to society. But what is driving this interest? A...Read More
RAPAPORT... Lucapa Diamond Company has upped its total revenue forecast for the Merlin mine over the next 14 years amid the increase in rough prices.The Australian miner reevaluated its outlook based on the strong demand and low supply scenario currently playing out in the market, which has led to a 42% surge in the price of rough diamonds, it said Thursday.Revenue for the life of mine will come t...Read More
London and Shanghai Metal Exchange base metals prices, with the exception of lead, were higher again on the morning of Thursday March 3, building on the gains seen earlier in the week as the markets adjust to the loss of supplies from Russia.* Spot Brent crude oil trading at more than $118 per barrel* US Federal Reserve gave more clarity over its interest agenda, focus on inflation* Western divest...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 7:30 AM EST. Investors are waiting for the U.S. fourth quarter Non-farm Productivity report to be released at 8:30 AM EST. Consensus calls for a 6.5% increase versus a 6.6% gain in the third quarter. MGM Resorts International added $0.37 to $44.10 following approval of a $2 billion share buyback program.Victor...Read More
As more sanctions are put on Russia by NATO countries, we must look ahead to the economic consequences for the West when Putin responds. What will oil supplies along with severed supply chains look like for global economies when that happens? We will unpack these questions today...A wave of public support from around the world is encouraging Ukraine in its valiant resistance.Americans naturally sy...Read More