•  The latest FOMC meeting minutes provided a lift to the USD and prompts some profit-taking.   •  Uncertainty over US-China trade talks underpins safe-haven demand and helped limit downfall. Gold finally broke down of its Asian session consolidation phase and was now seen extending the overnight retracement slide from 10-month tops.  The latest...Read More

Scientists are calling on mine operators to restore animal communities when they carry out site rehabilitation programs.According to a paper published in the journal Pacific Conservation Biology, the impact of mining on animals is overlooked as fauna tends to be under-recognized in assessments of restoration success. Based on a global review of literature, the Curtin University study found that ov...Read More

Mining chatter in the Yukon these days is all about the yellow metal. It's been that way for at least 10 years, according to geologist Mike Burke, who spent more than 20 years working for the Yukon Geological Survey before moving to the private sector."People were having a hard time in 2008, and then along came Kinross and bought Underworld Resources. That started an area play," Burke recalls.Now...Read More

Here are five Fastmarkets MB stories you might have missed on Friday February 22 that are worth another look.Coal trading has become too risky, a trader said on Thursday February 21 following news that customs authorities in Dalian, a major city in northeastern China, had slashed the yearly coal import quota for ports under their jurisdiction by 25%.Zinc smelters have submitted bids...Read More

Fitch Solutions' industry trends analysts have revised Canada's 2019 gold mine production growth forecast up to 6% from 2% predicting production to grow robustly as new projects come online over the coming quarters.Canada's dominance in attracting exploration investment has resulted in a strong gold project pipeline set to come online in 2019. Over the past decade, Canada has been able to attract...Read More

RAPAPORT... Lucapa Diamond Company plans to cut and polish select stonesin-house in an effort to maximize value for its shareholders. Third-party manufacturers charge high fees without adding significant value, explained CEO Stephen Wetherall in a recent interview. Bypassing them - either by partnering with a manufacturer of the company's choice, or by cutting and polishing its own diamonds -...Read More

RAPAPORT... Lucara Diamond Corp.'s sales slumped in 2018, as results for the previous year included the sale of a 1,109-carat rough diamond. Proceeds fell 20% to $176.2 million, the company saidThursday. While sales volume rose 35% to 350,798 carats, the average price dropped41% to $502 per carat. Lucara produced a record number of stones over 10.8carats from its Karowe mine in Botswana, incl...Read More

RAPAPORT... The Diamond Producers Association (DPA) will debut a newcampaign geared toward female self-purchasers during television coverage of the Oscarawards. The initial promotion of "For Me, From Me" will feature aseries of videos set to air on broadcast network E! Entertainment, followed by photo galleries onInstagram and the E! website. "Our latest campaign celebrates the distinct prid...Read More

Bundesverein Schmuck und Uhren (BVSU), Germany's Federal Association for Jewelry and Watches has joined the Responsible Jewellery Council (RJC). The association is the first German jewelry trade association to become an RJC member. Guido Grohmann, BVSH Managing Director, said "We are delighted to become a member of the RJC. Many organizations we work with have already been certified and our goal f...Read More

Angola's National Security Council (NSC) released a statement mid-February, reporting that from September 2018 to date some 450,000 illegal foreign citizens had been forced to leave the country. The report said that that some 350 rough diamond businesses involved in the illicit purchase of diamonds had been dismantled. In addition to large sums of money, the reported said that 34,480 carats of di...Read More

Signet Jewelers, the parent company of jewelry chain stores Kay, Jared and Zales is expected to let more than 3,000 employees go from its corporate operations in Akron, Ohio, and Dallas, Texas. Reportedly, Signet is offering voluntary buyouts to 2,600 employees in Akron and 890 employees in Dallas. The company expects that the employees' voluntary departures will be enough"to fund critical investm...Read More

Anglo-American, the parent company of De Beers, published its annual report for 2018.The report stated that generally mining "is getting harder." The production grades are declining, societal expectations are increasing and the increasing of the mining scale is not a sustainable solution. "A focus on greater precision and efficiency is needed," the report said. Anglo-American's production forecas...Read More

Mining chatter in the Yukon these days is all about the yellow metal. It's been that way for at least 10 years, according to geologist Mike Burke, who spent more than 20 years working for the Yukon Geological Survey before moving to the private sector."People were having a hard time in 2008, and then along came Kinross and bought Underworld Resources. That started an area play," Burke recalls.Now...Read More

A jump in the reserve grade and tonnage at Fosterville in Australia - already one of the highest grade and most profitable gold mines in the world - will help increase Kirkland Lake Gold's (TSX: KL; NYSE: KL) total gold production this year to between 920,000 and 1 million oz., up from its previous guidance of 740,000 to 800,000 oz. in December.The company revised its consolidated production guida...Read More

The S&P/TSX Composite Index rose 1.10% to finish the trading week at 16,013. The S&P/TSX Global Mining Index increased 3.40% to 75.49, while the S&P/TSX Global Base Metals Index jumped 6.40% to 118.89. Spot gold closed higher at US$1,337.80 per oz., up US$16.40 per oz., or 1.24% week-on-week, and the S&P/TSX Global Gold Index gained 3.35% to 196.64.Fitch Ratings upgraded Teck Resources' issuer def...Read More

Regional exploration last year on its Indin Lake gold property, 200 km north of Yellowknife in the Northwest Territories, turned up high-grade gold in grab samples from three areas, including 174.50 grams gold per tonne at Fishhook, the southernmost project on its 899 sq. km land package, Nighthawk Gold (TSX: NHK; US-OTC: MIMZF) reports.Fishhook consists of several historical gold showings spannin...Read More

The most recent Annual Survey of Mining Companies by the Fraser Institute ranked British Columbia seventh among Canadian mining jurisdictions. But no other province or territory has had two new precious metal mines reach commercial production less than 15 months apart over the last two calendar years.In July 2017, Pretium Resources (TSX: PVG; NYSE: PVG) launched commercial production at its high-g...Read More

Gold has been on a tear, thanks to the patient Fed and the investors' flight to safety. The trend is likely to continue in the coming weeks as well.Read full newsRead More

A judge rejects a challenge to proposals to build a controversial gold mine in the Sperrin Mountains.Read full newsRead More

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