News and Reports

Titan's Q1 Jewelry Sales Increase by 20%

July 13, 2023 / www.idexonline.com

(IDEX Online) - Titan Company says revenue from its 559 jewelry stores - including Tanishq and CaratLane - was up by 21 per cent year-on-year in the three months to 30 June.Watches and wearables saw a 13 per cent increase in sales, in over 1,000 outlets."Buyer growth was higher than average ticket size growth for this period," the company said in a quarterly update.Titan, based in Bengaluru, India...Read More

Why Is the Stock Market So Strong?

July 13, 2023 / dailyreckoning.com

Since last March the Federal Reserve has been elevating its target rate with fantastic abandon.Across that same frame it has been chewing into its balance sheet.Meantime, the bond market is putting out the loudest recession warnings since 1982.Wobbles to the banking system have likewise clouded the economic outlook.It is a formula toxic to the stock market.That is, in theory it is a formula toxi...Read More

BHP and Vale have their $46bn day in court over Samarco

July 13, 2023 / www.mining-journal.com

This is the latest in a series of court cases and refers to whether or not Vale should be jointly liable for any damages when the case is heard in the High Court in October 2024, given that SamarcoRead More

Aris gets Marmato build approval

July 13, 2023 / www.mining-journal.com

The development of a new US$280 million underground mine will provide access to the wider porphyry mineralisation below the existing small-scale Upper Mine at Marmato, allowing for bulk mining and theRead More

Golden Arrow Resources drills 0.86% copper over 64.2 metres at San Pietro, Chile

July 12, 2023 / www.canadianinvestor.com

Share this articleVANCOUVER - Golden Arrow Resources Corp. [GRG-TSXV; GARWF-OTCQB; G6A-FSE] reported results for the remaining six holes of the 4,000-metre phase 1 drilling program at the company's flagship San Pietro iron-copper-gold-cobalt (Fe-Cu-Au-Co) project in Chile. All six holes reported are from the Rincones target, which is the most advanced target and the focus of the company's first re...Read More

Nutrien slashes guidance on Vancouver port strikes

July 12, 2023 / www.mining-journal.com

Nutrien now expects its full-year 2023 potash adjusted EBITDA to fall below the bottom end of its previous guidance, due to factors including the strike, a Portland terminal outage and lower globalRead More

Gold developers caught in horse latitudes

July 12, 2023 / www.mining-journal.com

July tends to be the lowest volume month of the year for the precious metals sector, which often means stocks tend to drift lower.Read More

Decoding the Fed's "Long-Term" Riddle

July 12, 2023 / www.outsiderclub.com

The most recent June jobs report showed us that while the job market still seems pretty strong, there are signs of things slowing down.In June, the job market added 209,000 jobs. Yet this was below analysts expectation and the smallest increase since December 2020.Despite fresh signs of a slowing jobs market, most traders think that the Federal Reserve will raise interest rates a little bit at its...Read More

Polished Prices in China Stable, Despite Rough Collapse

July 12, 2023 / www.idexonline.com

(IDEX Online) - The retail price of polished diamonds in China has remained stable over the last six months, despite a collapse in the rough market.That's according to an informal survey of salespeople at major jewelry stores in Shanghai, by Yicai Global, an English language state-owned news service.Staff at Chow Tai Fook Jewellery, Leysen Jewellery, Kimberlite Diamond and other retailers sai...Read More

De Beers Cuts Prices amid Increasing Caution

July 12, 2023 / www.idexonline.com

(IDEX Online) - De Beers has reportedly cut the price of larger rough by as much as 20 per cent at this week's sight (cycle 6) in Gaborone, Botswana, amid increasing caution from buyers. The move follows price reductions last month and a drop in total sales of almost a third during cycle 5, down to $450m.Prices of stones over 2-cts have been reduced by 10 to 20 per cent, according to a T...Read More

Rio and Sumitomo to build world-first hydrogen plant...

July 12, 2023 / www.mining-journal.com

Reunion aims to put Guyana back on the map with Oko WestSPONSOREDreunion gold corpCopper Search starts drilling high-priority IOCG targets at PeakeSPONSOREDcopper search limitedNavigating the ESG Compliance LandscapeSPONSOREDepirocCollective Mining eyes repeat success in ColombiaSPONSOREDcollective mining The Yarwun Hydrogen Calcination Pilot Demonstration Program was approved after a A$32.Read More

Atalaya prospects boosted by lower power costs

July 12, 2023 / www.mining-journal.com

Atalaya restated full-year 2023 guidance, including copper production guidance of 53,000-55,000t tons of copper at an AISC of $3.00 to $3.20/lb copper payable.Read More

Goodbye to Inflation?

July 12, 2023 / dailyreckoning.com

CNBC gives the day's headline news:Inflation fell to its lowest annual rate in more than two years during June, the product both of some deceleration in costs and easy comparisons against a time when price increases were running at a more-than-40-year high.The consumer price index, which measures inflation, increased 3% from a year ago, which is the lowest level since March 2021.Yet why? Why has i...Read More

Tiffany Buys "Finest Ever" Muzo Emerald

July 12, 2023 / www.idexonline.com

(IDEX Online) - Tiffany & Co has bought an extremely rare emerald weighing over 10 carats and described as the finest ever sourced from the famed Muzo mines of Colombia.It is virtually inclusion-free, has no fissures and has a perfectly saturated green color.The New York-based jeweler did not disclose the price or provide a precise specification."We are thrilled to announce our recent acquisit...Read More

Aurora extension grows Filo del Sol strike to 5km

July 12, 2023 / www.mining-journal.com

The company highlighted 1,131m grading 0.57% copper equivalent, including 210m grading 0.80%. Filo also said drilling expanded the Read More

Barksdale backs USFS against NGOs

July 12, 2023 / www.mining-journal.com

The lawsuit is challenging decisions the service made to allow the company to resume drilling at its Read More

China rare earths association will pay cash for illegal...

July 12, 2023 / www.mining-journal.com

Published on the group's WeChat, the association said that it would review any information and pass to relevant authorities. Chinese authorities have Read More

Torex shows copper potential at Mexican Moreles project...

July 11, 2023 / www.mining-journal.com

The company expects to commence producing copper at its gold mining operation in 2024 once a floatation circuit at its Media Luna expansion has been completed.Read More

IEA: Mining majors are losing the critical mineral race

July 11, 2023 / www.mining-journal.com

The IEA's 2023 Critical Minerals Market Review showed an overall surge in investment in 2023, suggesting that the mining industry has the ability to meet a coming shortfall in the critical mineralsRead More

Four Charts Reveal a Trillion-Dollar Investment Opportunity

July 11, 2023 / www.outsiderclub.com

European defense spending is always a point of consternation. There's a winding and endless debate about who's spending what and which countries are pulling their weight. It's a murky debate too because NATO members vary in population, physical size, and economic might.However, there is one undeniable, immutable fact about Western defense spending...It's going up. Collective spending by the NATO a...Read More

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