Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.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 copperRussia and Ukraine account for 29% of global wheat exports and 19% of maize exports, but Simpson said...Read More
RAPAPORT... A number of diamond pieces scored big at the most recent Christie's jewelry sale, outshining their presale estimates and driving an auction total of $2.8 million.The top seller was a ring featuring an old-cut, 25.14-carat diamond, which fetched $424,538 - more than double its $164,092 upper estimate, Christie's said last week.A pair of old-cut diamond earrings from 1960 also performed...Read More
(IDEX Online) - Hong Kong's Jewellery & Gem World (JGW) trade show will relocate to Singapore in September, where Covid restrictions are less stringent.Organizers Informa Markets Jewellery said the new venue would be more accessible.Hong Kong currently bans flights from nine countries including the United States and Britain, operates a "dynamic zero" strategy to curb infections and has be...Read More
(IDEX Online) - A pair of Boucheron earrings featuring 14.00-ct and 13.75-ct pear-shaped diamonds sold for $1.26m at Sotheby's New York.They led the Important Jewels auction last Wednesday, which raised a total of $12.4m.The detachable pear-shaped diamonds are both Type IIa, a 14.00-ct D/VS1 and a 13.75-ct D/VVS2, as certified by GIA. They are set in 18K gold, together with around 7.80-ct of...Read More
(IDEX Online) - A lab grown diamond made from salad seasoning is being sold for the charity Feeding America.Chicago-based Hidden Valley had its Original Ranch Dressing used as the graphite carbon seed to begins the growing process.After five months growing in the lab, the rough stone was cut into a 2.01-ct G/VVS1 round and set in a 14K white gold band.It has the initials HVR LVR ???,?" for "Hidden...Read More
Tudor enlisted Research Capital Corporation as lead agent for the private placement—while high-profile investor Eric Sprott is expected to participate in the offering, Tudor said.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 copperDescribed as one of the next major sources of copper for an electrifying world, Udokan is expected to...Read More
Base metals prices on the London Metal Exchange were mixed on the morning of Monday March 14, albeit with nickel still suspended from trading on the exchange, while prices on the Shanghai Futures Exchange were all weaker.* US dollar holding at close to 2022 high* US 10-year treasury yields back above 2%* Markets bracing for interest rate rises this weekBase metalsThree-month base metals contracts...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 copperThe SMA said the infractions occurred in February and March 2021, of which it deems one as a minor inf...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 14 points in pre-opening trade. Index futures responded to a drop in crude oil prices. WTI crude oil fell $4.41 to $104.89 in pre-opening trade. Loblaw Companies' Shoppers Drug (L Cdn$114.38) subsidiary announced purchase of Lifemark Health Group for Cdn$845 million.FedEx slipped $6.03 to $213.08 after KeyBanc Capital...Read More
Rio Tinto has offered around US$2.7 billion for the outstanding 49% of shares, at a 32% premium to share prices at close on Friday, leaving it will with full ownership of Turquoise Hill, which owns 66% of Oyu Tolgoi, with the balance held by the Mongolian government."Rio Tinto strongly believes in the long-term success of Oyu Tolgoi and Mongolia, and delivering for all stakeholders over the long-t...Read More
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has offered US$2.7 billion for the 49% of shares it doesn't already own in Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) in a move that seeks gaining direct controlling ownership of the vast Oyu Tolgoi copper-gold mine in Mongolia.The world's second-largest miner is offering $34 per each outstanding share of Turquoise Hill Resources it does not already ow...Read More
As exploration continues on its Valentine gold project in central Newfoundland, Marathon Gold (TSX: MOZ) has purchased for cancellation the historical 7.5% net profit interest royalty covering certain mineral resource areas on the property.The royalty relates to certain properties at the Valentine project initially granted to Reid Newfoundland Company in the early part of the last century, in conn...Read More
FPX Nickel (TSXV: FPX; US-OTC: FPOCF) has released results from its summer 2021 infill drill program at the Baptiste project, part of the company's 100%-owned Decar nickel district in central British Columbia.The Decar district covers 245 sq. km of area in the Mount Sidney Williams ultramafic/ophiolite complex, and is located 90 km northwest of Fort St. James. The Baptiste nickel deposit is the mo...Read More
Australia's Mineral Resources (ASX: MIN) will pump A$13.6 million (US$9.80 million) into fellow explorer Global Lithium Resources (ASX: GL1) as part of a A$30 million (US$21.61 million) placement that seeks to speed up exploration programs at Marble Bar and Manna lithium projects in Western Australia.The move gives Mineral Resources 10.1 million shares or a 5% stake in Global Lithium. It also gran...Read More
The S&P/TSX Venture Exchange rose 6.14 points or 0.725% to 846.35. Spot gold fell US$2.25 per oz. or 0.11% to US$1,978.70 per oz. Shares of Vizsla Silver rose 34 ? to $2.79. The company released assay results from seven new drill holes targeting the Copala and Christiano veins, located east of the Tajitos resource area, at its 100%-owned Panuco silver-gold project in Mexico. Highlights included 7...Read More
The S&P/TSX Composite Index rose 157.43 points or 0.73% to 21,462. The S&P/TSX Global Mining Index decreased 2.96 points or 2.4% to 122.83 and the S&P/TSX Global Base Metals Index fell 3.79 points or 1.79% to 211.22. The S&P/TSX Global Gold Index fell 0.72 points or 0.2% to 355.42 and spot gold fell US$2.25 or 0.11% to US$1,978.70 per ounce. Shares of Augusta Gold rose by 19% to $1.45 on the re...Read More
The Dow Jones Industrial Average fell 670.61 points or 1.99% to finish the March 7-11 trading week at 32,944.19 and the S&P 500 dropped 124.56 points or 2.88% to 4,204.31. Spot gold fell US$2.25 per oz. or 0.11% to US$1,978.70 per ounce. Intrepid Potash topped the charts, climbing US$13.63 to US$84.19 per share. The company reported net income for the 2021 calendar year of US$249.8 million or US$...Read More
Share this article VANCOUVER - Power Nickel Inc. [PNPN-TSXV, CMETF-OTCQB] shares rallied Tuesday after the company released drilling results from its Nisk nickel sulphate project near James Bay, Quebec"The results showcase Nisk's potential to have a commercial high-grade nickel sulphate deposit,'' said Power Nickel CEO Terry Lynch. "Our objectives in this initial drill program conducted by Powe...Read More
Last week, President Joe Biden signed an executive order that instructed government agencies to study the idea of developing a digital U.S. dollar to combat "illicit finance.""We need a comprehensive, all-of-government framework to address the emerging risks and opportunities that digital assets pose," said White House economic adviser Brian Deese.Cameron Winklevoss, early proponent of Bitcoin and...Read More