U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade. Index futures were virtually unchanged following release of the January U.S. Trade Deficit at 8:30 AM EST. Consensus was an increase to $87.00 billion from $80.70 billion in December. Actual was an increase to $89.7 billion. The Canadian Dollar was virtually unchanged at US 77.89 cents f...Read More
The indicated open pit resource is now 46.4 million tonnes grading 1.Read More
Highlights included 325.1m grading 0.42% copper equivalent from 15 metres downhole depth with the hole ending in mineralization, and 357m grading 0.Read More
The company reported an intercept of 1,177m grading 0.43% copper and 198 parts per million molybdenum, or 0.Read More
However, their reluctance to take advantage of strong cash flow generation to pay down debt saw the aggregate debt increase 12.4% to $18.Read More
Alma Metals seeks the future of copper in AustraliaSPONSOREDalma metalsBattery materials poised for another strong year in 2022SPONSOREDwood mackenzieShorrocks vies to repeat Bellevue, Auteco successes at CygnusSPONSOREDcygnus goldTrigg buoyed by scoping study, SOP priceSPONSOREDtrigg miningThe funding will allow further exploration, mineral resource expansion and drilling in Kitsault Valley locat...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 pantherReports about the company are increasingly about its green credentials and the fact it has the highest exposure to energy transition metals than any of the majors.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 pantherGeodrill hopes that a strong gold price and new contracts will see the good results continue through 2022. The Q4 net income stood at US$2.8 million, or $0.06...Read More
Companies working in the mining sector in Chile see little chance that the proposal will prosper and make it to the final draft constitution given that it has already been rejected once for inclusion by the plenary session of the Constitutional Convention. A second rejection by the plenary session will see the proposal be dropped for good."The environment committee is one of several committee's ma...Read More
RAPAPORT... De Beers has extended its partnership with WomEng, a social enterprise that aims to expand female participation in the engineering and technology industry."We have an ambitious commitment to achieve gender parity across our global workforce by 2030, and key to achieving this will be fostering greater diversity within the talent pipeline," Katie Fergusson, De Beers' senior vice pre...Read More
RAPAPORT... The head of Alrosa's American operations has resigned as president and board member at Diamonds Do Good (DDG) amid the continued war between Russia and Ukraine.Rebecca Foerster, who is president of Alrosa USA, has agreed to stand down from her DDG roles immediately, the nonprofit organization said Monday. Anna Martin, DDG's previous president, will succeed her.Alrosa was one of ma...Read More
RAPAPORT... Lucapa Diamond Company has signed a deal with a new investor that will see it develop a provenance program for its diamonds and take them into the retail jewelry market.The miner raised AUD 12.5 million ($9.1 million) in financing from Sydney- and Singapore-based investment fund Tribeca Investment Partners, Lucapa said Tuesday. The companies aim to bring goods from Lucapa's newly acqui...Read More
RAPAPORT... After Russia invaded Ukraine, sentiment in the diamond industry very quickly shifted from confidence to uncertainty. In this episode of the Rapaport Diamond Podcast, Senior Analyst Avi Krawitz and News Editor Joshua Freedman outline the many questions that remain unanswered for the market and the challenges the crisis poses for the industry. The two also discuss the recent industr...Read More
(IDEX Online) - Lucapa today announced a $9.1m investment that will allow it to speed up exploration projects in Angola and Australia, as diamond prices maintain their steep rise.The Australian miner also said it was exploring a strategic collaboration to sell goods from its newly-acquired Merlin mine directly to the luxury jeweler Margot McKinney.Stephen Wetherall, Lucapa's managing director...Read More
(IDEX Online) - Petra says like-for-like rough diamond prices rose by 46.5 per cent in the six months to December 2021 amid strong demand across all sizes and qualities.The UK-based miner today announced sales of $140.6m at Tender 4, an increase of almost 10 per cent on Tender 3. Last week it announced an interim figure for around 80 per cent of sales as it held Tender 4 in South Africa for t...Read More
(IDEX Online) - Luxury brands including LVMH, Richemont, Chanel, Kering and Hermes are suspending their operations in Russia, in response to its invasion of Ukraine.LVMH, which owns Christian Dior, Tiffany & Co, Givenchy, Kenzo, TAG Heuer and Bulgari closed all 124 of its outlets on Sunday in Moscow, St. Petersburg and Yekaterinburg, but said it will keep on paying its 3,500 employees.Richemon...Read More
The following webinar took place on March 7, 2022. The impact of the Russian invasion and sanctions were analyzed. Sara Yood explained the legal implications of the US sanctions. Avi Krawitz discussed the impact of the sanctions on rough supply. Martin Rapaport provided a strategic overview of how the new economic warfare will impact inflation, interest rates and diamond prices.Please share your c...Read More
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Peak Prosperity, Released on 3/8/22Can you survive a nuclear war? Yes, you can. As long as you are not in the physical blast zone your main goal is to create distance between yourself and the radiation and then wait it out.Access to all of Chris's content, live webinars, interviews and personal updates, and much more is available to our paying members. Click this link for a special introductory of...Read More
Stansberry Research, Released on 3/8/22"The U.S. dollar will die," and it will fall from its position as the world's reserve currency sooner than expected, says Jim Rogers, best-selling author of "Hot Commodities." In his first video appearance since the Russian invasion of Ukraine, Rogers tells our Daniela Cambone that Ukraine being inducted into NATO is the underlying cause of Russia's actions....Read More