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
Centamin, which owns the massive Sukari gole mine in Egypt, reported a pretax profit of $153.6 million in 2021, down 51% from 2020. The lower profits were down to falling gold output, down by 8.Read More
The maiden estimate at Sunbird predicts 350,000 ounces at 3.16 grammes per tonne of gold.Read More
US sanctions prohibit imports of Russian rough and polished but allow polished diamonds from Russian-mined rough if they were cut elsewhere. Supply decline unlikely as Alrosa clients find alternative payment methods for next week's contract sale. JVC warns that US may broaden ban to include transformed polished. EU and UK import sanctions expected. Rapaport issues statement. Retailers considering...Read More
The recent US sanctions on Russian diamonds have shone a spotlight on the trade's traceability programs, and have left retailers between a rock and a hard place.RAPAPORT... Russia's invasion of Ukraine is another defining moment for the diamond industry. On March 11, the US government banned imports of Russian diamonds. The sanctions extend to rough from Russia and stones cut and polished in the c...Read More
RAPAPORT... US retail sales will increase between 6% and 8% this year amid strong wage growth and declining unemployment, the National Retail Federation (NRF) forecast.The organization expects total sales of $4.86 trillion to $4.95 trillion for the year, while online purchases are predicted to reach between $1.17 trillion and $1.19 trillion - a jump of 11% to 13%, the NRF said Wednesday."NRF...Read More
RAPAPORT... US consumers spent $1.7 trillion online in the first two years of the Covid-19 pandemic, with inflation boosting the dollar total, according to Adobe.The figure for the period from March 2020 to February 2022 is $609 billion more than for the two preceding years combined, Adobe said Tuesday. E-commerce spending in 2021 rose 9% year on year to $885 billion.The higher prices of goods con...Read More
(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
RAPAPORT... The Dubai Multi Commodities Centre (DMCC) has signed an agreement with Botswana's Okavango Diamond Company to cross-promote the industry through various business endeavors. Under the partnership, Okavango will hold diamond auctions and viewings at the Dubai Diamond Exchange (DDE), which is part of the DMCC. They will also exchange information, analytical materials and forecasts on the...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