RAPAPORT... Lab-grown diamond producer Adamas One will raise money through a public stock listing amid uncertainty about the future of its business, it said in a US Securities and Exchange Commission (US SEC) filing last week.The company, which acquired synthetics creator Scio Diamond for $2.1 million in 2019, has applied for an initial public offering (IPO) on Nasdaq. Adamas indicated the total v...Read More
RAPAPORT... Rio Tinto has debuted a new strategy that will enable it to "protect the provenance" of its Argyle pink diamonds, including a certification service and a concierge trading platform."This is the start of a new chapter for Argyle pink diamonds, to ensure they maintain their value and investment potential as a finite, unrepeatable natural resource and achieve the status of outstanding her...Read More
Laboratory-grown diamonds are increasingly available in greater quantities, higher quality and new colors at price points that many find attractive. It is no wonder, then, that laboratory-grown diamonds are a growing presence in the marketplace. Laboratory-grown diamonds are appealing options for consumers looking for affordable, attractive alternatives to natural diamonds. They make it easier for...Read More
RAPAPORT... Signet Jewelers banner Banter by Piercing Pagoda has appointed Grammy-nominated rapper, songwriter and artist Tierra Whack as its first creative director.The hire is driven by the brand's focus on encouraging self-exploration and celebrating uniqueness, Banter said last week. Whack, whom the company described as "unapologetically herself," has designed a capsule collection of jewelry f...Read More
(IDEX Online) - BlueRock Diamonds says production has been badly hit by wet weather.Rainfall at its Kareevlei mine, in Kimberley, South Africa, was 22 inches from January to May - double the average for an entire year.The rain hampered access to high-quality kimberlite, forcing the mine to use lower grade ore and delaying roll-out of its mining development plan.Processing production was down by 36...Read More
(IDEX Online) - A prominent jeweler in Detroit, USA, was shot dead in what police describe as a targeted attack.Daniel "Hutch" Hutchinson, 47, was gunned down at the wheel of his SUV. Footage from the aftermath shows nine bullet holes in the driver's side window.Hutchinson's wife Marisa, who was also in the vehicle, survived the attack unhurt.Police said they made an arrest following the...Read More
(IDEX Online) - US sales of jewelry and watches rallied somewhat in April - up just over 18 per cent year-on-year - after a relatively disappointing performance in March. Sales for March, previously reported at just 8.5 per cent, have been revised up to 11 per cent, taking account of actual rather than estimated sales. Even so, they were the lowest since August 2020. Hav...Read More
RAPAPORT... With the US imposing sanctions on Alrosa and other Russian entities, there is rising concern about the impact on the diamond market, considering the vast rough supplies from the country. The following is a resource center to help the trade gain clarity on the crisis and its effects on the industry.May 31: How the War Has Shaken Up Diamond Supply (Joshua Freedman)May 27: Alros...Read More
Strategic investor Vision Blue Resources, which was founded by former Xstrata head Sir Mick Davis, made the nomination based on its approximate 27% holding in Cornish Metals.Read More
IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixChinese Strategic AllianceSPONSOREDxanadu minesCopper Fox is brim-full of potentialSPONSOREDcopper fox metalsOrford eyes massive nickel sulphides at West RaglanSPONSOREDorford miningThe S&P/TSX Battery Metals Index will track Canadian-listed companies engaged in the production or exploration of metals used in battery manufacturing...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 43 points in pre-opening trade.Amazon added $1.79 to $124.14 following a 20 for 1 stock split effective today. Spotify added $5.22 to $117.45 after Raymond James upgraded the stock from Market Perform to Outperform.Ryder System added $0.64 to $82.24 after Stifel Nicolaus raised its target price from $80 to $90. Eq...Read More
Spread the loveThe American view during the 70s was more concerned about gold rather than the value of the dollar against world currencies. Most Americans never traveled to Europe so their impression of currencies was the Canadian dollar which was about par with the dollar that Americans would encounter when visiting Niagra Falls. I remember as a kid the family would drive up there and we would cr...Read More
The brisk, sweeping changes Industry 4.0 brings to the financial landscape are forcing miners to rethink how they operate while regulators closely watch and prepare to implement new rules to curb fraud and criminal activity, says industry doyen Maureen Jensen.The former CEO of the Ontario Securities Commission (OSC) told The Northern Miner's recent Global Mining Symposium that the scale of change...Read More
Backed by its recent actions in the critical minerals space, the Quebec government laid out a strong case for why mineral exploration and mining development in the francophone province is a good idea during The Northern Miner's recent Q2 Global Mining Symposium.A panel of three government representatives, headlined by Nathalie Camden, Associate Deputy Minister of Mines, Energy and Natural Resource...Read More
Shares of Lion One Metals (TSXV: LIO; US-OTC: LOMLF) reached their highest level in a year as the company reported its longest high-grade gold intercept at depth beneath the current resource at its Tuvatu alkaline gold project in Fiji. Hole TUG-141, which targeted the project's 500 zone, yielded a grade of 20.86 grams gold per tonne over 75.9 metres starting from 443.4 metres, including 43.62 gra...Read More
Westhaven Gold (TSXV: WHN) continues to obtain high-grade results from ongoing drilling at its 100% owned Shovelnose gold project, with elevated gold and silver encountered in different areas of mineralization at the FMN zone. Shovelnose is located within the Spences Bridge gold belt (SBGB), which borders the Coquihalla Highway 30 km south of Merritt, B.C.Westhaven's current drilling campaign is...Read More
Stuhini Exploration (TSXV: STU) is exploring and developing base and precious metal projects in Western Canada, where it controls over 809 sq. km of prospective mineral tenures. The Canadian junior's focus is on advancing its flagship Ruby Creek property in the heart of the Atlin Gold camp in northwestern B.C., the largest active placer camp in Canada, approximately 15 km east of Atlin. Within t...Read More
Since taking office a year ago, President Guillermo Lasso has placed his chips firmly on mining to bring the investment and jobs needed to revitalize Ecuador's economy. Under an action plan launched in August 2021, the government set out a wide-ranging to-do list to get the sector moving, from speeding up permitting and reopening the claims system to convincing a sometimes-skeptical public of th...Read More
The Dow Jones Industrial Average fell 313.26 points or 0.95% to 32,899.70 and the S&P 500 fell 49.7 points or 1.20% over the week to 4,108.54. Shares of First Majestic Silver rose 5.5% to US$8.85 as the company reported drill results from its exploration program at the Jerritt Canyon gold mine in Elko County, Nevada. Highlights from the drill results included 29.7 metres grading 8.39 grams g...Read More
Over the May 30 to June 3 trading period, the S&P/TSX Composite Index rose 42.15 points or 0.2% to 20,790.73. The S&P/TSX Global Mining Index edged up 1.03 points or 0.9% to 113.91 and the S&P/TSX Global Base Metals Index rose 0.91 points 0.5% to 197.96. The S&P/TSX Global Gold Index fell 4.18 points or 1.4% to 298.86 and spot gold ended the week down 0.2%, or US$3.79 per oz. lower, at US$1,851.17...Read More