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
RAPAPORT... Burgundy Diamond Mines has discovered a "significant" area bearing fancy-color orange and yellow diamonds at its Naujaat diamond project in Canada.The Australian miner completed testing on 70% of the first bulk sample it retrieved last year from the site, in which it holds a 40% stake, it said Wednesday. North Arrow Minerals owns the other 60%. Burgundy will finish testing the remainin...Read More
(IDEX Online) - Petra Diamonds is seeking a buyer for its loss-making Koffiefontein mine, in South Africa.The UK-based miner says otherwise it will close the underground deposit, in Free State province, when it reaches the end of its life in 2025."The focus of this disposal process will be to identify a technically and financially suitable buyer that could potentially unlock further value from Kof...Read More
RAPAPORT... Petra Diamonds is exploring options for exiting its Koffiefontein mine in South Africa, noting that another company could extend the site's operations beyond the scheduled closure date of 2025.The deposit has an estimated resource of approximately 5.25 million carats remaining, 1.1 million of which are indicated diamonds, meaning tests have confirmed their presence, Petra said Tue...Read More
Ero Copper touts green focus and shareholder returnsSPONSOREDero copperIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixBlackEarth Minerals boosts graphite asset in MadagascarSPONSOREDblackearth mineralsChampion Iron to fuel green steel revolutionSPONSOREDchampion iron Commodity price risk, which dropped to second, has previously always topped the survey during its 12-year history.Co...Read More
Base metals prices on the London Metal Exchange were mainly weaker on the morning of Wednesday April 27, while those on the Shanghai Futures Exchange were generally stronger.* The slide in China’s renminbi yuan has halted, but the alarm bell is still ringing* United States 10-year treasuries yields have weakened, which is another sign of haven demandBase metalsThree-month tin prices on the LM...Read More
Total copper production guidance for the year now stands at 790,000-855,000 tonnes, which is down from 810,000-880,000 tonnes.The revision followed first quarter production falling 10% from Q4 2021 to 182,210 tonnes."Different factors at each of the main operating mines contributed, to varying degrees, to a reduction in grade from Q4 2021 levels," First Quantum said."Grades are expected to return...Read More
U.S. equity index futures were higher this morning. S&P 500 futures advanced 16 points in pre-opening trade. A major reason for the advance was a share price recovery this morning in Microsoft. After a price drop after the close last night following release of quarterly results, the stock gained $10.62 this morning to $280.84.Visa gained $11.14 to $212.24 after reporting higher than consensus...Read More
When Rio Tinto's Diavik diamond mine closes in 2025, it's going to put a major dent in the finances of the Northwest Territories. The mine, now 100% owned by Rio Tinto after it acquired Dominion Diamond's 40% share last year, following Dominion's filing for insolvency protection in 2020, was Canada's second diamond mine, with production starting in 2003. Now, it is the first of the Northwest Terr...Read More
Defense Metals (TSXV: DEFN; OTC: DFMTF) has received results for the final five holes totalling 1,079 metres from the 29-hole (5,349 metres) diamond drill program completed during fall 2021 at its Wicheeda rare earth element (REE) deposit located near Prince George, B.C. These drill holes (WI21-57 through WI21-61) were collared from the two sites within the eastern area of the project.Resource def...Read More
Drill results from Fosterville South Exploration's (TSXV: FSX; US-OTC: FSXLF) initial 10-hole drill program at the Thompson Reef and the Prince of Wales Reef within the Reedy Creek target of its Providence project in Victoria state, Australia, have returned "strong gold grades," at shallow depths. Highlights from the drill results included 2 metres grading 174.42 grams gold per tonne starting f...Read More
Nearly all crucial battery metals will witness supply deficits in the next decade as mining projects struggle to come online, Benchmark Mineral Intelligence analysts have said. The research group that specializes in the electric vehicle supply chain believes that the world is already witnessing the "great raw material disconnect" impact the end user. "Lithium-ion battery cell prices are set...Read More
South Africa's Petra Diamonds (LSE: PDL) is exploring options to offload its loss-making Koffiefontein diamond mine in the home country, which is scheduled to reach the end of its life in 2025.The company's preference is to sell Koffiefontein, which had a gross resource base of 5.3 million carats as of June 30, 2021. These resources included 1.1 million carats in the indicated resource category ac...Read More
Several of the world's largest companies including Apple, Tesla and Intel may be using conflict minerals from the Democratic Republic of Congo (DRC) in their products as they rely on a certification scheme accused of helping "launder" irresponsibly mined metals.According to the latest report of Global Witness, an international non-profit that challenges power abuses, several firms that use the Int...Read More
In the past 40 years, the median net worth of members of Congress has quadrupled - even when adjusted for inflation.Meanwhile the real median household income has improved by just 27%.In fact, more than half of the people serving in Congress are millionaires, representing less than 1% of the population.How did they get so rich?Well, it's not the salary...We know that because the annual salary of a...Read More
GT1 was formed to take control of Ardiden's legacy lithium assets is raising $55 million, including LAC's investment. The raising was priced at A$1.05 per share, a 6% discount to recent trading, but well above the 24c level of its $24 million initial public offer in November. LAC will become a 5.2% shareholder in GT1. Existing major shareholders AMCI Australia and Primero...Read More
Share this article VANCOUVER - Equinox Gold Corp. [EQX-TSX, NYSE American] reported positive drill results from its 2021 exploration drilling in the 70-km-long greenstone belt in Bahia State, Brazil, that hosts the 100%-owned Fazenda and Santa Luz gold mines. Exploration identified multiple near-mine and regional discoveries that highlight growth potential in the Bahia belt."The 2021 exploration...Read More
Check out this headline:This is why the so-called "experts" are useless.Here's a segment of the article, which appeared in Fortune:Mike Rhodes, CEO and founder of London-based consultancy firm ConsultMyApp, told Fortune on Tuesday that Twitter the deal could "prove to be a bridge too far" for Musk."The projects he has on the go both at Tesla and SpaceX can hardly be seen as unambitious tasks that...Read More
Peak Prosperity, Released on 4/28/22Tonight, Chris dissects the Elon Musk purchase of Twitter and the hilarious if not troubling reaction by the unserious and triggered mini-tyrants working for Twitter and the universe of trolls all over social media. Should we laugh, or worry about the Republic and the people we call neighbors? How important is frees speech, especially when it comes to science, a...Read More
GoldCore, Released on 4/28/22David Russell of GoldCore Tv welcomes back David Hunter, Chief Macro Strategist with Contrarian Macro Advisors, who predicts that a 'Melt-Up' boom will still take the DOW to 45,000, the NASDAQ to 20,000, and the S&P to 6,000. He has also revised upwards his gold and silver price targets for 2022 to $3,000 and $50, respectively.Highlights from this episode:Why does he s...Read More
Wealthion, Released on 4/28/22When had Bill Fleckenstein on this program last year, he predicted that a financial reckoning was due, but wouldn't arrive until we started seeing "trouble in the bond market."Well bonds have certainly started seeing wild action recently:- The 10 year US Treasury note yielded 1.29% last August. It now yields 2.9%- 30 year fixed mortgage rates in the US average 2.77% l...Read More