Mined material at the project is amenable to conventional methods, which has "positive implications for [the] project cost profile," noted a Noble Capital Markets report. Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) announced that results of crushing and grinding tests on various samples extracted from the Wicheeda rare earth (RE) deposit were positive, reported Noble Capital Markets an...Read More
Michael Ballanger of GGM Advisory Inc. shares his thoughts on PDAC, the current state of the economy, and two gold companies on his radar.This weekend marks the 90th anniversary of the founding of the "Ontario Prospectors and Developers Association" where the first meeting ever (in 1933) was to overturn a proposed bill that would have hurt the mining industry.Imagine that.A gathering of hard-rock...Read More
The crushing and grinding (comminution) data from Defense Metals Corp.'s Wicheeda rare earth elements (REE) project will help inform its preliminary feasibility study expected early next year.Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) has reported favorable crushing and grinding (comminution) results from multiple samples at its Wicheeda rare earth elements (REE) project in British Co...Read More
LONDON, 27 February 2023 - Comment from BullionVault's Weekly Update email to clients features today in a gold-price update from investment ratings service Morningstar."New Year 2023's stone-cold bullish case for gold and silver has now melted on hotter-than-expected inflation data," says the report, first posted at MarketWatch and quoting Monday's Weekly Update email for BullionVault users from...Read More
Namely, while the GDXJ (upper part of thechart) moved only a little above its recent high, silver has pretty muchdoubled its previous short-term upswing. WhatAre the Suggestions? To be clear, neither of those moveshigher was substantial. However, it is the relative performance that mattersfrom an analytical point of view.As I have emphasized many times before, miners tend to underperform gold clos...Read More
Managing director and chief executive James Champion de Crespigny describes the new Iris Zone, which lies beneath the Boyd's Dam prospect, as pivotal in the company's hunt for the extensions at the 22-million-ounce Bendigo Goldfield. "Bendigo is Australia's second largest goldfield and we have been looking for the extensions north of it. We have long suspected that we sat above it at Boyd's D...Read More
Residents of Espinar and Chumbivilcas provinces agreed to the strike in the Cusco region on Monday and from Tuesday will resume the blockade of the so-called "mining corridor," according to documentsRead More
The company aims to reduce its greenhouse gas emissions by 50% by 2030 and to reach net zero by 2050. The company expects its journey to cost US$7.5 billion through 2030.Read More
Putting local content at heart of ESG effortsSPONSOREDsaudi ministry of industry and mineral resourcesBarksdale has line of sight on Sunnyside permitSPONSOREDbarksdale resourcesMid-tier Aeris on copper growth trajectorySPONSOREDaeris resources Alma in right commodity at right addressSPONSOREDalma metalsThe 22% price drop from US$31,200 a tonne three months ago to latest trades at $24,385/t is a di...Read More
(IDEX Online) - Watch and jewelry sales in the US fell for a fourth consecutive month in January. A mood of caution persists within the industry and, to some extent, among consumers. Trade is slow and production is low. The January fall is provisionally recorded at 2.1 per cent by the US Department of Commerce, though that is likely to revised next month. December was initially reported a loss of...Read More
(IDEX Online) - Gem Diamonds yesterday recovered a 122-carat D color Type II white diamond at its Letseng mine, in Lesotho.It's the first +100-ct diamond of the year at the highest average dollar per carat kimberlite diamond mine in the world.Recoveries of large diamonds last year were below average - four +100-cts compared with an average since 2008 of eight per year, which was a factor in t...Read More
(IDEX Online) - Botswana Diamonds says it expects to see the first recoveries from its Marsfontein project, in South Africa, later this month.Work began at the end of January and the British-based diamond exploration and development company says about 1,500 tons of eluvial gravels from the main Marsfontein pipe have been excavated and are awaiting processing. The Marsfontein Mine, in Limpopo...Read More
(IDEX Online) - Al Cook, the new CEO at De Beers, says workers' safety is his first priority as he visits the company's operations."Over 27 years in the energy business, including three years in offshore operations, I've learned that we have to put safety first," he said on LinkedIn, marking his first day in the post.Cook takes over from Bruce Cleaver, was executive vice president o...Read More
"Well over half of all exploration budgets in 2022 were going towards gold exploration.Read More
Since acquiring the El Limon and La Libertad plants and concessions from B2Gold in 2019, Calibre Mining has steadily seen annual growth in production and resources with the successful execution of itsRead More
Beyond the slick delivery and well-practised jokes which warmed the crowd, many of whom had experienced snow-related travel disruption, the message is a serious one, his efforts to bring technologicalRead More
Smallwood said silver, which conducts electricity better than copper and gold, is his favourite metal, with growing opportunities due to its increased use in the electronics of vehicles, politiciansRead More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points in pre-opening trade.Apple added $1.83 to $152.86 after Goldman Sachs initiated coverage with a Buy rating. Target price is $199.KB Homes dropped $0.50 to $35.26 after JP Morgan dropped its rating from Overweight to Underweight.DR Horton dropped $1.63 to $91.15 after JP Morgan downgraded the stock from Overwei...Read More
The U.S. has led the most aggressive sanctions regime ever in its efforts to punish Russia for invading Ukraine.The first round of financial targets included obvious attacks such as freezing the U.S. dollar accounts of Russian banks and oligarchs. The second round raised the ante by freezing the dollar accounts of the Central Bank of Russia itself. This was unprecedented except in the case of rogu...Read More
If you think about it at all, can you come up with any good reasons why our country has involved itself in the Ukraine war? To defend democracy, many say? An emptier platitude does not exist in the vast slippery lexicon of spin.To thwart Russia's imperial overreach? You apparently have no clue about Ukraine's history, ancient or modern. To incite an overthrow of the wicked Putin by his own people?...Read More