Due to formally commence the role on or before September 1, Santana will be based in Santo Domingo and will initially be responsible for working towards getting an exploration license for the RomeroRead More
At closing, Trillium is to pay St Anthony C$500,000 (US$394,666) in cash and issue 1 million shares in its capital.Read More
News: Rising expectations for Las Vegas shows. US demand supporting market despite economic caution. China sluggish but starting to return from Covid-19 lockdown. Polished prices stabilizing amid inventory decline in select categories. 1 ct. RAPI -0.5% in May. Small rough strong; tender prices high as Russian sanctions leave supply gap. Some big cutters buying Alrosa goods. Traders anticipate lar...Read More
RAPAPORT... BlueRock Diamonds has asked its financial backers for help after severe rainfall dented production at its mine in South Africa.The drop in rough output and sales, as well as higher costs, has depleted BlueRock's cash resources during a period of heavy investment, it said Wednesday. The company has entered discussions with a major shareholder and providers of debt finance to "suppo...Read More
"The only way these projects can be advanced on time and within budget is with well-connected, quality staff and management.Read More
RAPAPORT... Christie's will offer a variety of diamonds at its two upcoming Jewels Online sales, with a necklace by designer Garrard estimated to fetch up to GBP 220,000 ($277,262).The piece features a pear-shaped, 4.78-carat, E-color, VVS2-clarity diamond, as well as marquise-, pear-shaped and circular-cut diamonds weighing approximately 55 to 60 carats. It's the top item up for sale at the June...Read More
RAPAPORT... Gem Diamonds has recovered a 125-carat rough from its Let??eng mine in Lesotho, its second stone over 100 carats this year.The high-quality, white diamond was unearthed at the site on May 31, Gem Diamonds said Thursday. The discovery comes hot on the heels of a high-value, 129-carat rough the miner found the week before.The recovery of the two stones follows a long period of sluggishne...Read More
RAPAPORT... Organizations around the world have launched a pilot traceability project for artisanal diamond mining in the Democratic Republic of Congo (DRC).OrigemA will work toward setting up a transparent mine-to-market program for small-scale mining cooperatives in the central African country, the founders said this week.The institutions behind the initiative are the Antwerp World Diamond...Read More
(IDEX Online) - Tariffs on most diamonds and jewelry exports from Israel to the United Arab Emirates will be abolished as the two countries establish closer ties.A free trade agreement signed on Tuesday will further boost trade links between the two countries. Business has flourished since it was officially sanctioned by the Abraham Accords of August 2020.Tariffs on food, medicine, fertilizers&nbs...Read More
(IDEX Online) - The IDEX Polished Price Index fell very slightly during May, ending the month down just 0.69 per cent. In April it declined by more than 2.1 per cent. Before that, January and February showed sharp increases - 5.67 per cent and 4.14 per cent respectively. The Index has been declining since the first week of March.IDEX Online subscribers please click here to rea...Read More
(IDEX Online) - Manufacturers will increasingly turn to lab growns to fill supply gaps caused by sanctions against Russia.Botswana's minister of minerals and energy, Lefoko Moagi, told a mining conference it would be hard to source enough natural diamonds to replace Alrosa's missing output."We see the 30 per cent gap that will be left by the ban being plugged by something else that is no...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 22 points at 7:30 AM EDT.April Factory Orders to be released at 10:00 AM EDT are expected to increase 0.8% versus a gain of 1.8% in March. Chewy $CHWY gained $4.56 to $28.10 after reporting higher than consensus quarterly revenues and earnings. Hewlett Packard Enterprises $HPE dropped $1.08 to $14.70 after reporting lo...Read More
Sabina Gold & Silver (TSX: SBB) has reported high-grade results from the final drill holes of the 2022 spring drilling program at the Goose property on its 100%-owned Back River project in Nunavut. Highlights from drilling included 45.1 metres grading 12.59 grams gold per tonne starting from 123.6 metres in hole 22GSE607 and 20.4 metres grading 12.64 grams gold starting from 146.4 metres in hole...Read More
New analysis published by Bank of America Global Research has found on-warrant metal inventories and net non-commercial positions as the leading metrics that could signal the risk of violent short squeezes on above-ground metals supplies.The bank's Global Research team undertook correlation and principal component analyses to determine which market metrics would have signalled the next metal squee...Read More
Wesdome Gold Mines (TSX: WDO) reported high-grade results from its drill program at the Kiena mine complex in Val d'Or, Que., as the company continues to move forward with its goal of boosting the project's resources. Highlights from the drill results included 50.7 metres, with an estimated true width of 5.5 metres, grading 92.11 grams gold per tonne, starting from 94 metres in hole 6796W6; and...Read More
Australia-based lithium developer Winsome Resources (ASX: WR1) has received results of metallurgical test on composite samples from its 100% owned Cancet and Adina projects in the James Bay region of Quebec. The test, part of a scoping study on both projects, was undertaken by SGS Canada in Lakefield, Ont.Heavy liquid separation (HLS), with batch flotation tests, was performed on three lithium-bea...Read More
Mining companies need to find ways to make owning a lithium or nickel stock 'cool' or 'sexy' to create more value for an industry that's struggling to produce enough critical minerals to meet the rising demand for green products like electric vehicles, industry experts said at The Northern Miner's quarterly Global Mining Symposium in late May. People are interested in electric vehicles and th...Read More
As known resources are depleted and projected demand for key minerals increases, finding the next new deposits has become more urgent. Here are eight exploration companies that are focused on global discovery - with precious metals and uranium high on the list of sought-after commodities. ANGEL WING METALSIn mid-May, Huntington Exploration became Angel Wing Metals (TSXV: AWX; US-OTC: HEXPF). The...Read More
Today's mining companies are complex organizations that operate in dynamic and evolving business environments. To manage a successful mining operation involves navigating the diverse and increasingly complex challenges of sustainability, governance, and stakeholder engagement on top of the requirements of managing finances, inventories, and supply chains that are common to all operators.Illumiti,...Read More
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