RAPAPORT... The Antwerp World Diamond Centre (AWDC) will no longerfund the city'sdiamond-research-technology center, asthe current market situation in the Belgian diamond industry worsens. "As a result of the high cost of labor in our country,almost the entirety of our diamond manufacturing has relocated abroad," AWDCspokeswoman Margaux Donckier said Friday. The AWDC established the Scientific an...Read More
The De Beers Group released its production results for the second quarter earlier this month, reporting that its rough diamond production was down 14 percent to 7,7 million carats recovered. Mine closures, lower grades and planned maintenance schedules affected many of De Beers mines. Production at the Debswana mine in Botswana fell 9 percent to 5.7 million carats due to a planned plant shut down...Read More
U.S. retail sales rose at a solid pace in June. This is good news as other economic drivers haven't performed that well. The US Commerce Department released new data last week, saying that retail sales had risen 0.4 percent in June - a fourth, uninterrupted monthly increase. Sales made by online retailers, grocery stores, home and garden stores and restaurants and bars all grewe. The numbers...Read More
"The report comes after rivals Burberry Group Plc and Swatch Group AG announced better-than-expected results, raising the bar for the sector. Richemont's watch brands have suffered from excess inventory, and the company has been buying back unsold products from the market since 2016. Richemont echoed Swatch in saying that protests in Hong Kong, the top export market for Swiss watches, weighed...Read More
John Robins is the executive chairman and a director at Fireweed Zinc (TSXV: FWZ), which is advancing its massive zinc-lead project in the Yukon. Robins was the founder, executive chairman and director of Kaminak Gold, which discovered the Coffee gold deposit in the Yukon, and sold the company in 2016 to Goldcorp for $520 million. Robins took time out during a trip to Dawson City to speak with The...Read More
"This gold-related ETF is crushing the stock market's gains in 2019 - and analysts say the metal has room to run https://t.co/og7K4Jxxq2"Read full newsRead More
"Precious Metals Weekly Round-Up: Gold dips from 6 year peak and last week's other top stories in the precious metals market. https://t.co/a0zlkjokI9 #preciousmetals #investing #stocks"Read full newsRead More
The gold miners' stocks continue to rally on balance, after a major upside breakout extended their strong upleg. That's driving mounting interest in this recently-forsaken sector. With the latest quarterly earnings season underway, traders will soon enjoy big fundamental updates from the gold miners. They are likely to report good Q2 results, with improving operational performances supporting furt...Read More
I have been backing up the truck on quality gold names.We could tiptoe around it... We could talk about negative rates and global debts and currency crises...But the fact of the matter is we've been talking about those things for years. The golden goose has now come home to roost. We are technically in a gold bull market, having closed out June above the key technical level of $1,362. And gold...Read More
The gold miners' stocks continue to rally on balance, after a major upside breakout extended their strong upleg. That's driving mounting interest in this recently-forsaken sector. With the latest quarterly earnings season underway, traders will soon enjoy big fundamental updates from the gold miners. They are likely to report good Q2 results, with improving operational performances supporting furt...Read More
Yellow Cake PLC (LON:YCA) has reported a net asset value of 218p per share as at 30 June 2019.The valuation is derived primarily from a holding of 9.2mln pounds of physical uranium, worth US$24.70 at prevailing spot prices, but acquired at an average price of US$21.8 per pound.WATCH: Price pullback gives Yellow Cake good opportunity to acquire additional uraniumThe total portfolio valuat...Read More
Nickel's three-month price on the London Metal Exchange fell by 3% over the afternoon but held above the $14,000 per tonne support level at the close of trading on Monday July 22, while a predominantly negative complex was upended by tin's 1.3% climb. Nickel's three-month price closed at $14,300 per tonne, while tin futures closed slightly higher on the day at $17,900 per tonne, having reached an...Read More
Fastmarkets has changed the frequency of publication of its fob Guinea and fob Brazil bauxite price assessments to monthly from fortnightly. Following a one-month consultation, the Bauxite, fob Kamsar, Guinea and Bauxite, fob Trombetas, Brazil price assessments will now be published on the third Thursday of every month at 2-3pm London time. The next publication of these prices will be Thursday Aug...Read More
The premium for aluminium billet in Italy has fallen to its lowest in over two years due to aggressively low offers from suppliers and continued poor demand. Fastmarkets assessed the aluminium 6063 extrusion billet premium, ddp Italy (Brescia region), at $330-350 per tonne on Friday July 19, down from $340-360 per tonne the previous week. This is lowest since January 20, 2017, when it was $330-340...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average wavered before ending higher Monday as investors prepared for a week of earnings reports and tried to read the Federal Reserve's thinking on whether it will to slash interest rates by 25 basis points or 50 basis points. Shares of Walt Disney (DIS) rose after the media giant's "The Lion King" took in $18...Read More
Fastmarkets has changed the frequency of publication of its fob Guinea and fob Brazil bauxite price assessments to monthly from fortnightly. Following a one-month consultation, the Bauxite, fob Kamsar, Guinea and Bauxite, fob Trombetas, Brazil price assessments will now be published on the third Thursday of every month at 2-3pm London time. The next publication of these prices will be Thursday Aug...Read More
Tensions in the Persian Gulf, where Iran seized a British tanker last week, had helped push the gold price to a six-year high above US$1,450 an ounce on the spot market last week and have lifted crude oil prices.However the gold price has eased today following indications of a smaller US rate cut being likely.Silver, which broke back above the $16/oz mark last week, has continued to strengthen to...Read More
Petra CEO Richard Duffy said at today's trading update the company's short-term focus was on "driving efficiencies across the business through Project 2022" to improve its cost base and enhance cash flow generation to "significantly reduce our net debt".The Project 2022 goals were based on "flat nominal pricing over the three years".Petra finished the year to June 30 with net debt of US$560....Read More
Dell's Women's Entrepreneur Network has recently announced the top cities in the world for female entrepreneurs.Calculations were based on the abilities of each city to operate a fair market, provide equal access to financial capital and enable businesses through technology and a positive culture.We're very pleased to see both Vancouver (no. 11) and Toronto (no. 9) representing Canada as top globa...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce that it has received an initial purchase order of $360,000 through a leading taxi technology distributor to equip taxi cabs in Israel with its innovative 4G/LTE CP250, an all-in-one dash mounted communications device.The CP250 is the first and only LTE, all-in-one fleet communic...Read More