Nancy Pelosi is running scared.The Feds are hot on her trail.The American people are chasing her with pitchforks.They want answers.That's because the Pelosis continue to profit from the stock market using material nonpublic information.In other words, they're committing insider trading in broad daylight.But no one can do anything about it because members of Congress wrote laws to protect...Read More

On Wednesday the Fed will be announcing another rate hike. The only question is how big will it be?The market consensus forecasts a 75-basis-point increase, which I happen to agree with.Regardless, the Fed is tightening into weakness. For the economy and the stock market, that means a bumpy ride is ahead - and maybe a very bumpy ride.First of all, it's highly likely that the U.S. economy is in a r...Read More

(IDEX Online) - Gemfields says operations at its ruby mine in Mozambique are continuing, with increased vigilance, despite an attack in the vicinity as party of an Islamic State-linked insurgency.The London-based miner operates and owns 75 per cent of Montepuez Ruby Mining (MRM), which last month reported a record $95.6m revenue from online auction of its rubies.Thousands of people have died since...Read More

(IDEX Online) - Sotheby's may be responsible for the loss of 45 vivid yellow diamonds, worth $4m, a federal judge in California, USA, has ruled.A consulting and brokerage firm, M&L Financial, took the gems to Sotheby's New York (pictured) for auction on consignment in 2109.The company, based in Dallas, Texas, told Sotheby's it was the exclusive owner of the diamonds.But the auct...Read More

(IDEX Online) - De Beers has increased its production guidance for 2022 - from 30-33Mct to 32-34Mct - citing "robust demand and strong year-to-date operational performance".Sanctions against Alrosa, its biggest rival, have led to global shortages of rough. Last month De Beers reported $650m of rough sales at its fifth sales cycle of 2022, up over a third year-on-year. It reportedly hiked the price...Read More

What's wrong with the world? Let me count the ways...The Western gambit against Ukraine is a bust, a foolish miscalculation that was obvious from the start. All it accomplished was to reveal the pitiful dependence of our European allies on Russian oil and gas, leaving their economies good and truly scuppered without them.The Russians will likely end up with control of the Black Sea and probably th...Read More

Certain operational conditions, including a restricted drilling plan for the first 12 months proposed by the company, will need to be implemented.Read More

"Suggestions about potential use of EVRAZ's steel, vanadium and other products for military purposes indicate not only the misunderstanding of steel industry's base principles, but the lack of knowledge about EVRAZ's product range as well," the company said.EVRAZ's listing on the London Stock Exchange was suspended on 10 March pending forthcoming sanctions on the company related to Russia's 2022 i...Read More

Share this articleVANCOUVER - Jourdan Resources Inc. [JOR-TSXV, JORF-OTCQB-2JR1-FRA], a company that is aiming to become the next lithium producer in Quebec, said it is increasing the size of a recently announced private placement financing, which is now expected to generate proceeds of $2.4 million.In a press release on June 29, 2022, the company said it planned to complete a non-brokered priva...Read More

Second quarter copper and gold production at its 90%-owned El Roble mine in Colombia was above market consensus. Production in the second quarter was 3.Read More

Second quarter production updates released by these firms this week gave insight into rising costs in these countries - some of which are rising above 25% - and ongoing operational challengesRead More

Named after the 126-year-old project, Wiluna Mining called in outside administrators this week following a financial crisis which has seen the company's share price fall by 80% over the last sevenRead More

"The climate for junior gold financing and M&A has slowed following a strong first quarter, and in our view could face a period of reduced activity similar to the prior downcycle in 2013-15," saidRead More

Leading shareholder AI-listed Anglo Asian Mining will invest to retain its 19.Read More

Ford Motor Company (NYSE: F) announced plans to accelerate its EV production that are underpinned by several high-profile agreements with lithium and nickel miners to supply raw materials for the vehicles' batteries. The U.S-based automaker said in a news release that it has secured "100% of the battery supplies" it needs to produce 600,000 EVs per year by the end of 2023, and with the help of...Read More

Workers at Glencore's Raglan nickel mine in Nunavik rejected the company's latest offer this week, as a labour dispute that has halted most of the mine's operations enters its third month. Glencore said in a release that its latest proposal offered most of the unionized employees a compensation of about $130,000 to $190,000 annually, twice the average pay of workers in Quebec. But union work...Read More

Pan American Silver (TSX: PAAS; NASDAQ: PAAS) has released new infill and exploration drilling results that further demonstrate the size and quality of the mineralization at its La Colorada Skarn project. This large polymetallic deposit was first discovered in 2018 through brownfield exploration near the company's La Colorada mine in Zacatecas, Mexico.The new results comprise 22 holes totalling 18...Read More

Anglo American (LSE: AAL) has suffered a new setback in Chile after the environmental commission of Valparaiso, Coeva, rejected the company's US$40-million operational continuity project for its El Soldado copper mine, 125 km north of the capital Santiago.Despite having the backing of the country's environmental evaluation authority, which recommended the project's approval, the local regulator sc...Read More

Rare earths junior Pensana (LSE: PRE) has broken ground at its Saltend rare earth processing hub in northern England, set to be the country's first major facility of its kind in more than a decade.The project is part of the launch of the country's first critical minerals strategy, unveiled today, to weaken China's dominance on the group of 17 minerals used in electric vehicles, wind turbines, an...Read More

I have been working with a great group of young professionals lately that have generated some interesting conversations. Some of them voiced fears and dismay at what the world is coming to. I understand, we are on one heck of a roller coaster ride right now. As I was thinking back over my four decades in the mining industry as a geologist and cost estimator, I realized that we have been here b...Read More