CONEXPO-CON/AGG, Taking Construction to the Next LevelSPONSOREDconexpo-con/agg 2023Advancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu minesExcited by forecasts of strong long term metal demand growth and indefinite supply shortfalls, miners have been pos...Read More
News: Optimism for US market as Las Vegas shows demonstrate robust demand despite inflation concerns. China slowdown weighing on 0.30 ct. goods. Trading seasonally quiet. Excess inventory of less desirable goods; prices declining due to low demand. Russian rough entering supply chain and may disrupt market balance. Alrosa reportedly maintaining production plan of 34M to 35M cts. for 2022. De Beer...Read More
RAPAPORT... A Kashmir sapphire led Wednesday's Bonhams Hong Kong Jewels and Jadeite auction, selling for more than $400,000.The ring, featuring the unheated cushion-shaped, 6.99-carat sapphire with a pav?(C)-set diamond surround, fetched HKD 3.3 million ($417,752), within presale estimates, Bonhams said the same day. A modified shield brilliant-cut, 5.09-carat Paraiba tourmaline and diamond r...Read More
RAPAPORT... Lower rough supply due to the Russia situation may be a "blessing" given the pressures on retail spending, Martin Rapaport said in his annual presentation at JCK Las Vegas.In his "State of the Diamond Industry" speech, the chairman of the Rapaport Group discussed the impact of higher inflation and interest rates on the market, as well as how the US government's Covid-19 policies l...Read More
(IDEX Online) - Gemfields says it sold rough rubies worth $95.6m at its latest online auction, setting a new company record.The London-based ruby and emerald miner described the results as "glittering", despite failing to sell a single lot that accounted for almost a quarter of the total weight of rubies sold.The rubies were all extracted by Montepuez Ruby Mining (MRM) which is 75% owned by Gemfie...Read More
(IDEX Online) - The Angolan government now has majority stake in Catoca, the world's fourth biggest diamond mine.It transferred part-control from Chinese investors LLI International after a ruling by the attorney general, and it now holds 59 per cent of its shares.The remainder are held by Alrosa, the Russian miner, although it is exempt from US sanctions because it owns under 50 per cent.The...Read More
Recent drilling successes at Filo del Sol have raised industry expectations that Filo del Sol could be a major regional copper resource and developed alongside nearby projects in VicuñaRead More
"The court agreed with PolyMet that the case should be dismissed because project opponents failed to properly serve PolyMet under the Minnesota Rules of Civil Appellate Procedure, and that failure meant that the court lacked jurisdiction," PoyMet said."Barring an appeal to the Minnesota Supreme Court, the ruling lays to rest multiple legal challenges that mining opponents have brought against the...Read More
U.S. equity index futures were higher at 7:30 AM EDT. S&P 500 futures were up 31 points in pre-opening trade.Federal Reserve Chairman continues his testimony today at 10:00 AM EDT before a House of Representative CommitteeTesla slipped $1.77 to $706.49 after Morgan Stanley lowered its target price from $1300 to $1200. Also, the company announced plans to increase production in China.KB Homes a...Read More
The first gold pour at Ascot Resources' (TSX: AOT) Premier gold project in northwestern British Columbia will be delayed by more than one year due to financing issues.On Thursday, Ascot said it still hasn't secured financing for the 2022 building season and as a result some aspects of the project have been decelerated or put on hold. First gold at Premier is now expected at the end of 2023 or the...Read More
Northern Graphite (TSXV: NGC; US-OTC: NGPHF) sold 965 tonnes of graphite, worth US$1.5 million, and produced 1,281 tonnes in May at its Quebec-based Lac des Iles mine, which the company acquired in April. While the sale of the majority of the mine's graphite is contracted on an annual basis, in early June the company received a spot order for 152 tonnes of the material, which Northern Graphite...Read More
Shares of Xtra-Gold Resources (TSX: XTG; US-OTC: XTGRF) rose to their highest in a month on Thursday afternoon as the company reported results from ongoing resource expansion drilling at its wholly-owned Kibi gold project in Ghana.Highlights from the 24 holes released included 77 metres grading 1.59 grams gold per tonne starting from 122 metres in hole KBDD22481; and 43 metres grading 1.57 grams...Read More
1911 Gold (TSXV: AUMB; OTC: AUMBF) has begun tailings reprocessing operations at the True North complex at Bissett, Man., where it expects to process between 170,000 and 190,000 tonnes of historical tailings this year to recover approximately 3,500 to 4,000 oz. of gold.Early in 2022, the company completed a sampling program to characterize the grade, thickness, grain-size and moisture content of...Read More
A few things were top of mind for delegates as they converged on the Metro Toronto Convention Centre June 13-15 for the first in-person Prospectors and Developers Association of Canada (PDAC) convention in more than two years. Excitement about meeting in person again; mild shock at how pleasant a city Toronto can be outside of early March, when the convention is normally scheduled; and despite the...Read More
The U.S. Department of the Interior has set aside more than US$74 million to invest across 30 states in research and mapping of areas with potential for critical minerals, as President Joe Biden's administration seeks to strengthen key domestic supply chains.The funding will also cover geoscience data collection, data preservation, and scientific interpretation of areas with potential for critical...Read More
Shares of Emerita Resources (TSXV: EMO) rose by about 10% in the morning as the company reported its latest, high-grade drill results from the Romanera deposit at its wholly-owned Iberia Belt West project in southwestern Spain.Highlights of the results from drill hole LR002 included 14.3 metres grading 7.61 grams gold per tonne, 311.1 grams silver, 0.4% copper, 2.9% lead and 3% zinc starting from...Read More
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Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP0) (OTCQB: BAUFF) (Read full newsRead More
In 2006, I hired a young dude who had just graduated from a large Midwestern university. I actually didn't personally hire him but gave the go-ahead to one of our editors who was looking for an assistant to groom (when the term "grooming" was still benign).Everyone told me he was "the smartest guy in the room." Like I said, he was fresh out of college and starting a career far from home. So he s...Read More