News and Reports

Vital Metals upbeat on test results of first rare earths processing

July 18, 2022 / www.northernminer.com

Australia's Vital Metals (ASX: VML) has in less than three months progressed from shipping out its first load of mixed rare earth carbonate to receiving positive results on the first processing pass at its new facility in Saskatoon, Sask. Vital is the first rare earth producer in Canada and the second in North America, after MP Materials' (NYSE: MP) Mountain Pass mine in California.The dense medi...Read More

Franco-Nevada invests US$352M in Tocantinzinho gold project in Brazil

July 18, 2022 / www.northernminer.com

Gold streaming company Franco-Nevada (TSX: FNV; NYSE: FNV) has committed US$352.5 million to a finance package totalling US$481 million for the Tocantinzinho project located in Par?? state, Brazil, currently held by G Mining Ventures (TSXV: GMIN). The project is construction-ready, and first production is expected in the second half of 2024.Located 200 km southwest of the city of Itaituba, Tocanti...Read More

Barrick close to final deal with Pakistan on US$7B copper project

July 18, 2022 / www.northernminer.com

Barrick Gold (TSX: ABX; NYSE: GOLD) said on Monday it's close to a final framework agreement with the Pakistan government to develop the giant Reko Diq copper-gold deposit, close to the borders of Iran and Afghanistan.The project, which hosts one of the world's largest undeveloped open pit copper-gold deposits, has been on hold since 2011 due to a dispute over the legality of its licensing proces...Read More

Brink's Mega-Jewel Heist Nets up to $150m

July 18, 2022 / www.idexonline.com

(IDEX Online) - Thieves who broke into an unattended Brink's security trailer in Southern California, USA, may have escaped with up to $150m in jewelry, gems, high-end watches, according to exhibitors.The vehicle was on its way from the International Gem and Jewelry Show in San Mateo, south of San Francisco, to an event at the Pasadena Convention Center, northeast of Los Angeles. Guards who h...Read More

Four Charged over Pink Diamond Fraud

July 18, 2022 / www.idexonline.com

(IDEX Online) - Four Canadian men have been charged at a court in Ohio, USA, with a pink diamond and jewelry investment fraud following an FBI probe.They are alleged to have cold-called potential investors in the US and Canada and persuaded them to make small investments in pink diamonds, which, they claimed, would increase in value.    The defendants claimed to work for Paragon Int...Read More

Where Were You?

July 18, 2022 / www.outsiderclub.com

Dear Outsider,You've heard me ramble on about the power of following legal insider trading.I've got to admit, I started to bore myself.That's because there was a severe lull in the broader markets and it kept raining on our parade.But as I've said many times, when the market drops, you need a strategy that gives you the upper hand.Main Street has been floundering...Investors aren't sure what moves...Read More

The Fed vs. the Economy

July 18, 2022 / dailyreckoning.com

Right now, it's basically a case of the Fed versus the economy. You might say, "Wait a second. Isn't the Fed supposed to help the economy?"Well, not exactly. They may want to help the economy, but helping the economy actually isn’t job one. Job one is helping the banks. The Fed was essentially created to prop up the banking system and prevent bank runs.Everything else it tries to accomplish,...Read More

The Hermit Kingdom welcomes miners back

July 18, 2022 / www.mining-journal.com

Investor Insight: InterGroup MiningSPONSOREDintergroup miningSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedAlicanto wows with maiden resourceSPONSOREDalicanto mineralsAs Nathan Richardson describes in this month's cover story, perhaps no mining jurisdiction in the world punches so far above...Read More

$7.5m Price Tag: Christina Onassis's 38-ct Goloconda Diamond

July 17, 2022 / www.idexonline.com

(IDEX Online) - A 38-carat Goloconda diamond that once belonged to socialite Christina Onassis is being offered for sale with a $7.5m price tag.The pear-shaped Type IIa, D-color, VVS1-clarity stone was set into a pendant necklace by Jacques Timey for the King of Diamonds, Harry Winston.The platinum and white 18K gold necklace (pictured) has an additional  20.00 to 25.00 total carats, of G col...Read More

Almost a Third of Israel's Rough Imports in June were from UAE

July 17, 2022 / www.idexonline.com

(IDEX Online) - The UAE accounted for almost a third of Israel's rough diamond imports and almost a fifth of its exports last month, according to new figures.There was no official trade of any kind between the two countries before the Abraham Accords, signed in September 2020, normalized relations.But in June, Israel imported approximately $64m of rough diamonds from the UAE, which is about 3...Read More

Dark Web Jewelry Fraudster Jailed for Six Years

July 17, 2022 / www.idexonline.com

(IDEX Online) - A criminal who defrauded 30 jewelry stores using stolen credit and debit cards he bought on the dark web has been jailed for more than six years.Hasan Howard, 23, of Cleveland, Ohio, USA, was also ordered to pay $261,000 in restitution.He and co-conspirators bought high-value jewelry and watches in store and over the phone, according to court documents.He and others bought $19,000...Read More

Three Months That Wrecked the World

July 16, 2022 / dailyreckoning.com

The most salient question of our time is: Who destroyed the world?We know the "what" of that question already. It was the lockdowns, the spending, the monetary insanity, the mandates and the overwhelming and ghastly explosion in the forces of command and control imposed all over the world.This broke everything. It is nowhere near being put back together again. In fact, it is getting worse.The main...Read More

July 15, 2022 / www.bnnbloomberg.ca

Jaime Leverton, CEO of digital currency miner at Hut 8 Mining, joins BNN Bloomberg and discusses how the company's diversification strategy and strong balance sheet helps the company remain bullish on bitcoin.Read full newsRead More

July 15, 2022 / www.bnnbloomberg.ca

Jaime Leverton, CEO of digital currency miner at Hut 8 Mining, joins BNN Bloomberg and discusses how the company's diversification strategy and strong balance sheet helps the company remain bullish on bitcoin.Read full newsRead More

Red Pine Intersects 68.71g/t gold over 4.72m including 231.5 g/t Gold over 1.06m

July 15, 2022 / bit.ly

TORONTO, July14, 2022(GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) ("Red Pine" or the "Company") is pleased to report on new...Read full newsRead More

Turquoise Hill reveals new Mongolia gold target

July 15, 2022 / www.canadianinvestor.com

Share this article VANCOUVER - Turquoise Hill Resources Ltd. [TRQ-TSX] has raised its 2022 gold production guidance for the Oyu Tolgoi mine in Mongolia.The company said copper production guidance for this year remains within the range of 110,000 to 150,000 tonnes. However, the gold production target has been raised to new range of 150,000 to 170,000 ounces. The previous target was 135,000 to 165,...Read More

Rio Tinto feels the squeeze

July 15, 2022 / www.mining-journal.com

Look beyond market approach to project valuations: van ZylLeadershipAlma Metals targets resource expansion at copper project in QueenslandSPONSOREDalma metalsMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDRumble in the outback, "zinc elephant sighted"SPONSOREDrumble resourcesBHP will be next to reveal the impact of tough operating conditions when it releases its J...Read More

Chile forced to use US$25bn on copper price slide

July 15, 2022 / www.mining-journal.com

"In particular, since the beginning of June, the dollar has appreciated around 7% globally and the price of copper has fallen by approximately 30%," the central bank said in a statement.Read More

Turquoise Hill ups cash costs at Oyu Tolgoi

July 15, 2022 / www.mining-journal.com

Cash costs are now expected to be in the range of US$850 million-$925 million for 2022, higher than previous guidance of $800 million-$875 million.Read More

Chile Supreme Court rules against Barrick

July 15, 2022 / www.mining-journal.com

Chile's Supreme Court has ratified the definitive closure of Toronto-listed Barrick Gold's US$8.5-billion Pascua-Lama gold-silver project in the South American country.Read More

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