An analysis of any profit potential in gold requires an understanding of gold and its fundamentals. The problem is that most folks do not understand gold or its fundamentals. “Most folks” includes investors, traders, speculators, advisors, analysts, marketers, etc. THERE IS ONLY ONE GOLD FUNDAMENTALThe single fundamental for gold is that gold is real money. PERIOD. Gold&rsqu...Read More
Everything is happening NOW!by Bix Weir of Road to RootaEverything is happening NOW in the process of destroying the old system and implementing something NEW!! You should be on the sidelines in your lawn chair watching all the action with Physical Silver and Cryptos IN YOUR OWN POSSESSION ONLY!!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 interest is due to the South American nation's potential to host large porphyry copper-gold, volcanic massive sulphide (VMS) and other types of deposit...Read More
Total project capital costs included in the preliminary economic assessment (PEA) are estimated to be US$1.Read More
The corporate bonds will pay a semi-annual coupon linked to the copper price with a minimum of 7.5% per annum at a $3.60/lb or lower copper price and a maximum of 20% per annum at a $11.Read More
The firm sold 5.3 million shares of Perpetua on New York and other exchanges, accounting for all of its previously 8.5% stake in the firm.Read More
US Department of Energy officials have met with key congressional staff, where they said such funding is urgently needed, Bloomberg reported.Read More
RAPAPORT... Zack Kramer has left his position as president of Brilliant Earth after just over a year in the role.In June, he became chief operating officer of financial services company Pendrell Corporation, according to his LinkedIn profile. Kramer started at Brilliant Earth in March 2021, following three years as vice president and general manager of sound and audio brand Sonos.Brilliant Earth,...Read More
RAPAPORT... The Gemological Institute of America (GIA) plans to convert all of its paper reports to digital within the next three years, beginning with its Diamond Dossier in 2023.The digital reports, which it will link to an app, will be more secure than their paper counterparts, the GIA said Tuesday. They will be paired with a new inscription-matching service, called GIA Match iD. This feature c...Read More
(IDEX Online) - Sanction-hit Alrosa is expected to make no dividend payment to shareholders for the second half of last year, citing the need to "maintain sustainability of its operations".The miner, a third owned by the Russian government, today announced that its supervisory board was recommending the move.In 1H 2021, Alrosa paid out just over $1bn (RUB64.7bn) to shareholders, more than 70% of t...Read More
(IDEX Online) - Bank of America is forecasting a 15 per cent increase in diamond prices this year, amid the ongoing squeeze on supplies.It says supply of diamonds is now the lowest since the Great Financial Crisis of 2008. And the US currently accounts for a half of global demand, says the bank, one of the world's largest financial institutions.Sanctions on Russia, over its invasion of Ukrain...Read More
(IDEX Online) - The Responsible Jewellery Council (RJC) appointed seven directors at its AGM, but has yet to find a permanent replacement for executive director Iris Van der Veken.She quit at the end of March over the council's failure to take a tougher stance against Alrosa, the miner that is one-third owned by the Russian government.The London-based watchdog was also rocked by the departure...Read More
(IDEX Online) - A huge 1kg platinum coin, set with 6.5-carats of Argyle pink diamonds, smashed estimates when it sold at auction for just over US$1m.The one-off creation is the highlight of the Royal Canadian Mint's Opulence Collection, featuring gems from the iconic Australian mine that closed in November 2020.The rose gold-plated, platinum coin, known as The Ultimate, was hand set with 462...Read More
Mining exports increased 99% in 2021 to US$2.1 billion compared with 2020, due to the ramp-up of the Mirador copper mine and the Fruta del Norte gold mine, in addition to higher metal prices.Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 18 points in pre-opening trade.Novavax jumped $9.96 to $57.50 after the FDA Advisory Group voted to recommend the company's COVID 19 vaccine.Scotts Miracle Grow plunged $13.86 to $88.32 after issuing a profit warning. Campbell Soup added $1.70 to $48.30 after reporting higher than consensus fiscal third quarter revenu...Read More
Graphite One (GPH: TSXV; US-OTC: GPHOF) has reported high-grade results from its 2021 drill program at the Graphite Creek project in Alaska as it looks to complete a prefeasibility study towards the end of July. Highlights from the 2,150 metres of drilling include 5.8 metres grading 35.78% graphitic carbon starting from 61.6 metres in hole 21GC0624800; and 16 metres grading 6.9% graphitic carb...Read More
Fireweed Zinc (TSXV: FWZ) has inked a binding Letter of Intent (LOI) to acquire a 100% interest in the Mactung Tungsten Project in Yukon and the Northwest Territories, the company said in a news release Tuesday.The Mactung site, which straddles the border of the two territories contains one of the largest and highest-grade tungsten deposits in the world and is among the few potential sizable sourc...Read More
Montage Gold (TSXV: MAU; OTC: MAUTF) has entered into an agreement with Barrick Gold (TSX: ABX; NYSE: ABX) and Endeavour Mining (TSX: EDV; LSE: EDV) to acquire a 100% interest in the Mankono-Siss?(C)dougou joint venture project in C??te d'Ivoire.The JV project consists of three properties - Siss?(C)dougou, Gbongogo and Siss?(C)pl?(C) - that lie within the perimeter of the company's Kon?(C) gold pr...Read More
The board of Russian diamond major Alrosa (MCX: ALRS) has suggested shareholders vote to receive no dividend for 2021 during the upcoming general meeting.Alrosa reported a net profit of 91.32 billion rubles ($1.89 billion) in 2021, nearly triple the 32.25 billion rubles ($662.87 million) profit in 2020. Dividends for the first half of 2021 amounted to 64.7 billion rubles ($1.3 billion), topping 70...Read More
Amid the frenzied analyses of supply, demand and spiking prices for green metals and critical minerals, another metal may be preparing to steal the spotlight: gold. While the price of gold spiked earlier this year to US$2,068 per oz. (just shy of its August 2020 all-time high) on Russia's invasion of Ukraine, it hasn't stayed at those elevated levels. At press time, the yellow metal was at a rela...Read More