These resources will be used in an updated KSM pre-feasibility study (PFS) expected in June which will incorporate East Mitchell into KSM's mine plans for the first time.Read More
Lake Resources targeting 100ktpa lithium productionSPONSOREDlake resourcesAsante Gold poised for successful 2022SPONSOREDasante goldWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.West Africa an improved opportunitySPONSORED Stationary electricity storage batteries using zinc in their chemistry have been around for decades but never taken off like the...Read More
Emerging developer OreCorp is building momentum as it focuses on delivering first gold in 2024 at its high-grade, 3.1 million ounce Nyanzaga gold project in Tanzania.It's set to be the country's first large-scale gold mine in more than a decade and the first built under the new regulatory regime led by Her Excellency, President Samia Suluhu Hassan, who took on the top job following John Magufuli's...Read More
Lake Resources targeting 100ktpa lithium productionSPONSOREDlake resourcesAsante Gold poised for successful 2022SPONSOREDasante goldWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.West Africa an improved opportunitySPONSOREDGenesis Minerals directors draped their new business strategy, launched last week, in a "unique executive remuneration structure".Read More
News: US retail supporting the market with steady demand, but dealer trading slow amid price uncertainty, China lockdown and Russian sanctions. US places Alrosa on OFAC Specially Designated Nationals list, blocking all US transactions with or benefiting the miner. American Gem Society urges members not to buy Russian-sourced diamonds even if cut outside of Russia and to require suppliers to sign e...Read More
RAPAPORT... Chow Tai Fook saw sales decline in the fourth fiscal quarter as the latest surge of Covid-19 infections impacted retail in China and Hong Kong. The jeweler's retail sales value climbed 8.5% year on year for the three months that ended March 31, but that was a sharp drop from the 31% growth it had registered in the previous quarter. Revenue rose nearly 12% on the mainland, but fell...Read More
RAPAPORT... The Fuchsia Rose diamond surpassed its presale estimate at Christie's New York on Wednesday, achieving $6.78 million in the Magnificent Jewels auction.The 8.82-carat, fancy-intense-purple-pink, potentially internally flawless diamond ring comfortably beat its $4 million to $6 million estimate, bringing in just under $770,000 per carat and underscoring the strong demand for high-value j...Read More
(IDEX Online) - A US jewelry retailer is facing legal action from three "whistleblowers" who allege they were fired for exposing a foreign gray market conspiracy involving Rolex watches.CD Peacock, which operates three stores in the Chicago area, says it will vigorously defend the action, and says in a statement that the "former disgruntled employees ???,? ? were terminated for cause".A similar ca...Read More
(IDEX Online) - The World Diamond Council (WDC) says it has terminated Alrosa's membership.The move follows Russia's invasion of Ukraine, although the WDC made no mention of the war in a brief statement posted on its website.It said: "The termination of membership includes the cessation of any rights and benefits afforded to the WDC members, such as a seat on the Board of Directors, and...Read More
(IDEX Online) - De Beers reported rough sales of $565m from its third sight of 2022 - up 26 per cent year-on-year.It was the first full sales cycle since Russia invaded Ukraine, prompting the US and EU to impose sanctions on the miner Alrosa, part-owned by the Russian government and De Beers' biggest rival.Sales at De Beers' second sight, which concluded at the end of February, were $652...Read More
"The start of 2022 has been one of the most challenging periods experienced by the Company since the re-start of Proyecto Riotinto," Atalaya's CEO Alberto Lavandeira said. Atalaya declared commercial production at the operation in February 2016. "The extremely high electricity price, due to the record natural gas price in Europe, has also created inflationary pressures that have only bee...Read More
Base metals prices on the London Metal Exchange were mixed on the morning of Thursday April 14, while those on the Shanghai Futures Exchange were also mixed, but with gains outweighing losses.* China expected to cut the reserve requirement ratio (RRR) for the country's banks* United States 10-year treasuries yields have eased, suggesting the recent reaction to US Federal Reserve rhetoric may have...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade. Index futures moved lower following release of the March Retail Sales report at 8:30 AM EDT. Consensus was an increase of 0.6% versus a gain of 0.2% in February. Actual was an increase of 0.5%. Excluding auto sales, consensus was an increase of 0.7% versus a gain of0.2% in February. Actu...Read More
"Every good tree bringeth forth good fruit," says Matthew - "but a corrupt tree bringeth forth evil fruit."Today we lower our ax upon the root of America's corrupt money tree... and expose its evil fruit... the fiat dollar.You may be aware of the corruption. If you are a regular reader you are likely aware of the corruption.Yet a man must occasionally recall himself to obvious truths. The nose upo...Read More
Despite higher commodity prices, base metal miners are likely to take an earnings hit in the first quarter of the year, as volatile price actions continue in the wake of recent geo-political events, says CIBC Capital Markets.In a research note to clients, CIBC mining analyst Bryce Adams said that economic sanctions on Russia, owing to that country's invasion of Ukraine, are the main driver of thes...Read More
Following short on the release of a resource update that tops 3 million oz. gold across all categories on the flagship Douay project in Quebec, explorer Maple Gold Mines (TSXV: MGM; US-OTCQB) believes it is reaching critical mass as it looks to drill test other underexplored zones, president and CEO Matthew Hornor says (watch the attached video interview).The Douay project in the Abitibi Gold Belt...Read More
The First Nations of Marten Falls and Webequie have submitted the terms of reference for the proposed Northern Road Link, a piece of infrastructure that Ontario describes as the "final piece" needed to build an all-season road into the Ring of Fire. The road would link two other roads that are being advanced separately by each community - the Marten Falls access road and the Webequie supply road...Read More
Seabridge Gold (TSX: SEA; NYSE: SA) has updated the mineral resource for its Mitchell and East Mitchell deposits, incorporating results of drilling completed in 2021. The resource estimates will be used in a new preliminary feasibility study (PFS) on the KSM project, expected in June 2022, which will for the first time incorporate the East Mitchell deposit into KSM's mine plans.The Mitchell and Ea...Read More
Canada's Eldorado Gold (TSX: ELD; NYSE: EGO) hasn't altered its 2022 production guidance of 460,000-490,000 oz. of gold untouched, despite reporting that higher-than-expected absenteeism due to the Covid-19 Omicron variant hit output in the first quarter. Gold production in the first three months of the year fell to 93,209 oz., from 111,742 oz. in the same period last year and from 122,582 ounces...Read More
Chile's crown as the world's largest producer of copper is at risk as the country's output continues to be lower than expected despite the billions of dollars invested in new projects in the past 18 years, BMO's Colin Hamilton warned on Thursday.The commodities analyst noted he had received several questions over the past week about the weakness in Chilean copper output year-to-date, as first quar...Read More