IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.Kropz set to fly after false startSPONSOREDkropzPredictive Discovery to forge a golden future in GuineaSPONSOREDpredictive discoveryThe 15% price fall from US$4.90 a pound 10 weeks ago to latest sales at $4.16/lb has taken copper back to where it was 12-months ago.Read More
(IDEX Online) - Investors will be able to buy a tiny share of a high-value fancy colored diamond, with the launch on Wednesday of Luxus.The US-based fractional ownership business will allow clients, who would otherwise be priced out of the market to buy 0.1 per cent or less, of a gem.The first diamond on offer is a 0.54-ct fancy pink diamond from the iconic Argyle mine, in Australia, valued at $40...Read More
(IDEX Online) - Four masked raiders smashed the display window at jeweler's store with sledgehammers and fled with $100,000 of merchandise.Police in Westchester County, New York State, USA, later arrested three suspects after they crashed their car during a chase and fled, leaving the loot behind.The smash and grab took place at Golden Square Jewelry, Yonkers, last Thursday.One of the co-owne...Read More
(IDEX Online) - Fashion model Molly Sims dazzled at the Met Gala, wearing 120 carats of diamonds.She wore a $1m necklace in her hair, courtesy of Ring Concierge, the New York jeweler that specializes in designs "for women, by women".Sims, 48, has featured in campaigns for Jimmy Choo, Escada, Giorgio Armani, Michael Kors, and Chanel.She also wore two pairs of pear and marquise cluster earrings (16...Read More
(IDEX Online) - Plans by Botswana Diamonds to buy the loss-making Ghaghoo mine have collapsed, after it failed to secure a joint venture partner.The Irish explorer had a a non-binding agreement with owners Gem Diamonds, dependent on it finding a partner by 10 May. But it says there's still a possibility it will resurrect the agreement.The mine, about 300 km northwest of the capital Gaborone,...Read More
From an industry-wide marginal production cost of US$6150 a tonne in 2021 the cost of producing copper has risen to $8000/t, the bank said.Read More
"This is a transformational year for Capstone as we ramp-up our new Mantos Blancos mill, construct the Mantoverde sulphides project and deliver a District Integration Plan for Santo Domingo with Mantoverde," Capstone Copper's CEO John Mackenzie said.Production levels from 2021 showed that the company would have had a copper production base of over 175,000t for that year.Capstone Copper was created...Read More
Nouveau Monde Graphite (TSX-V: NOU; NYSE: NMG) and Mason Graphite (TSX-V: LLG; US-OTC: MGPHF) have entered into an option and joint venture agreement to advance Mason Graphite's Lac Gu?(C)ret project in northeastern Qu?(C)bec. As part of the deal, Nouveau will have the option to own 51% of the property if it invests $5 million in Mason Graphite and spends $10 million on advancing the property....Read More
The Horizons ETF Copper Producers Index ETF (TSX: COPP) is set to go live for trading on the Toronto Stock Exchange on May 17, providing a new option for investors to gain passive exposure to the world's $2 billion-plus market cap copper producers.Nicolas Piquard, the company's VP, portfolio manager and options strategist, tells The Northern Miner the fund aims to take full advantage of forecast i...Read More
Equinox Gold (TSX: EQX, NYSE: EQX) has suspended operations at its RDM mine in Brazil for at least two months as scheduled permits needed to raise its tailing dam were delayed, the company said on May 16. The company has been applying for permits to raise its TSF every year since 2018 after it altered the design of its facility and changed it from a centreline to a downstream design. It last r...Read More
The rise in the electric vehicle (EV) market share of the car industry is fuelling demand for the metals used in the lithium-ion batteries that power them. However, current lithium-ion battery technologies suffer from a trade-off between power and weight, with EV manufacturers seeking to maximize the energy density of batteries while minimizing their weight. Considerable effort is now underway t...Read More
Shares of Revival Gold (TSXV: RVG) rose 25% this morning on an updated resource estimate for its Beartrack-Arnett gold project in Idaho, that increased ounces in the indicated category by 56% and in the inferred by 19%. The project's updated indicated resource totals 64.9 million tonnes grading 1.01 grams gold per tonne for a contained gold of 2.1 million oz., compared with the 2020 reported esti...Read More
Baffinland Iron Mines' proposed expansion of its Mary River iron ore operation on the northern tip of Baffin Island, in Nunavut, has suffered a major blow after a review board advised against the project on environmental grounds.After four years of consultations and deliberations, the Nunavut Impact Review Board (NIRB) last week rejected the miner's request to more than double output to 12 millio...Read More
Porphyry copper deposits are largely produced by mechanisms similar to those causing large volcanic eruptions, new research by the University of Geneva has found.In a paper published in the journal Communications Earth & Environment, the scientists behind the discovery say that at a time when current copper resources are dwindling, their finding opens up new avenues for the development of tools to...Read More
The city of Flin Flon in Manitoba has a rich and storied history of mining that began when gold was discovered around Amisk Lake at the start of the 20th century - the first major discovery of gold west of Ontario since the Klondike gold rush of the 1890s. The focus then shifted to base metals when, according to local legend, in 1915, a prospector named Tom Creighton discovered a massive copper-z...Read More
Dear Outsider,Markets rallied Friday to give a much-needed boost to the retail investor.Not sure investors could deal with another down day, as things would have gotten even worse.But for now, at least, it averted a bear market for the S&P 500.That's because we had some crazy buying activity during this market correction.Most notably, after-hours last night, crypto billionaire Sam Bankman-Fried di...Read More
(IDEX Online) - Russia stands accused of selling party of its huge $140bn stockpile of gold on the black market, as it seeks to evade sanctions imposed by the US, EU and UK (the world's biggest gold-importing nation).The Switzerland-based Global Initiative Against Transnational Organized Crime says in a report that illicit gold markets and gold laundering are compelling options for Moscow, as...Read More
(IDEX Online) - Artisanal diamond miners in Liberia have received basic training in grading and valuing gems.The move, by the Japanese NGO Diamonds for Peace, is designed to help them avoid exploitation, and to negotiate a fair price for their stones.A trainer from the UK spent two days teaching a group of 25 miners from communities in the northern counties of Bomi and Gbarpolu. Many particip...Read More
(IDEX Online) - Brilliant Earth, the US-based "ethical jeweler", has reported $100m of sales in the first three months of 2022, a year-on-year increase of 41.5 per cent.It predicts another strong performance in Q2, despite ongoing geopolitical uncertainties.Net income for the quarter was $3.4m and adjusted EBITDA was $8.4m. The company is forecasting net sales of $450m to $470m for the full year,...Read More
IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.Kropz set to fly after false startSPONSOREDkropzPredictive Discovery to forge a golden future in GuineaSPONSOREDpredictive discoveryThe proposal contained in Article 27 was for mining concessions to be awarded by an administrative body rather than by the courts as is c...Read More