(IDEX Online) - The Dubai Diamond Exchange (DDE) says it is poised to become the world's largest hub for both rough and polished gems, as it reported over $11bn of trade in the first quarter of 2022.In February it announced it had overtaken Antwerp as the top trading hub globally for rough diamonds - over $22.8bn in 2021.And with over $4bn of polished trade in Q1 2022 - a year-on-year rise of...Read More
Guzman said the variable rate will by 0% when the copper price is less than US$3.50 per pound and 8% when it is more than $5.25/lb.Between these two values, it will be 0.8% of the difference between the prevailing copper price less the $3.50/lb floor price. So at $4.50/lb copper it will be 0.8% and a $5/lb it will be 1.2%"The president has signed a decree on adapting the export duties for copper w...Read More
(Corrects to "largest" from "only" processor in secondparagraph) By Praveen Menon and Riya Sharma June 14 (Reuters) - Australia's Lynas Rare Earths has signed a $120 million follow-on contract with the U.S.Department of Defense to build a commercial heavy rare earthsseparation facility in Texas, the firm said on Tuesday. Lynas is the world's largest processor of rare earthsouts...Read More
U.S. equity index futures were higher this morning. S&P 500 futures advanced 20 points in pre-opening trade. Index futures moved slightly higher following release of the May Producer Price Index at 8:30 AM EDT. PPI was expected to increase 0.8% versus a gain of 0.5% in April. Actual was an increase of 0.8%. On a year-over-year basis, May Producer Price Index was expected to increase 10.9% vers...Read More
Geoscience BC has successfully demonstrated how an ordinary brewery and greenhouse gas meter can aid in finding new mineralized deposits.The organization said on June 14, the made-in-British-Columbia device was tested at the Mount Milligan copper-gold mine located between Fort St. James and Mackenzie.The device measures oxygen and carbon dioxide concentrations in soil (soil-gas) in real-time, indi...Read More
If gold companies want to survive the future of mining, which will entail low-grade ores and the required responses to climate change, they will need to consolidate, said Newmont (NYSE: NEM, TSX: NGT) CEO Tom Palmer, during his keynote speech on the second day of PDAC 2022 in Toronto. According to Palmer, miners are identifying fewer "large scale and transformative" gold deposits that are harder...Read More
Just ahead of a runoff presidential election in Colombia that will determine current president Iv??n Duque's successor, The Northern Miner caught up with the country's Minister of Mines and Energy, Diego Mesa Puyo at the Prospectors and Developers Association of Canada (PDAC) convention on June 13 in Toronto. Colombia has been trying to diversify its mining sector away from thermal coal, and Mesa...Read More
This week's episode features former Ontario Securities Commission chair and CEO Maureen Jensen in conversation with Northern Miner senior reporter Henry Lazenby at the Global Mining Symposium. Maureen discusses the shortage of millennial talent in the mining industry, the challenge of reaching net-zero by 2030, prospects for war and instability, and the importance of avoiding politics in the board...Read More
Canada's Adventus Mining (TSX-V: ADZN) and Salazar Resources (TSX-V: SRL) have reached a preliminary investment protection agreement (IPA) with Ecuador's government for their Curipamba-El Domo copper and gold project.As part of the deal, the partners have committed to investing US$270 million over the next 12 years in the project. The figure doesn't include the US$50 million both miners have inv...Read More
Mexico-focused precious metals miner Orla Mining (TSX: OLA; NYSE: ORLA) is expanding its footprint into the U.S. with the acquisition of Gold Standard Ventures (TSX: GSV; NYSE: GSV), whose main asset is the South Railroad open-pit project located on the Carlin trend in Nevada.Earlier this year, Gold Standard completed a robust feasibility study for the South Railroad gold project, outlining a mill...Read More
These are bewildering times. The state of the economy seems more up in the air than usual. Some say a recession is already upon us. Others that one will come yet this year, or in 2023. Others, including CPM Group, state that a recession is inevitable and imminent, but it might be 2024, 2025, or even 2026 before it arrives. The reality is that there still is a lot of slack in major parts of the Nor...Read More
Imagine living in a world where, at any moment, and without much warning, you and everyone around you could die in a nuclear armageddon - an instant flash of blinding white silence, then darkness forever.For Americans over 60 years old, that world was once a reality during the Cold War. And that nuclear armageddon never came closer than it did in the Cuban Missile Crisis of 1962.That Time the Worl...Read More
Some 67% of regional silver production and 56% of our copper production was exposed to water scarcity.Read More
Share this article TORONTO - Riverside Resources Inc [RRI-TSXV, RVSDF-OTCQB, 5YY-FSE] has released assay results for the first five of a 12-hole, 1,700-metre drill program completed at the Oakes gold project in northwestern Ontario.Riverside shares advanced on the news, rising 3.7% to 14 cents, and currently trade in a 52-week range of 20 cents and 12.5 cents.The primary focus is the HG Target, w...Read More
Share this articleVANCOUVER - Silver Mountain Resources Inc. [AGMR-TSXV] reported the results for drill holes SMR-001-22-MTC and SMR-002-22-SCS, the first drill holes of the 12,000-metre underground drilling campaign at the company's Reliquias underground silver mine in Huancavelica, central Peru.The Huancavelica region, and especially the Castrovirreyna mining district, is known to host significa...Read More
Take a look at this image:What comes to mind? After posing that question to a few colleagues, I was flooded with a wide range of answers, with the most common being that it was tracking a weather system inside the United States. One clever friend even recognized a few of the Texas counties but was sure it was an image of a storm brewing. When I quickly informed him that it had nothing to do wit...Read More
CNBC, Released on 6/15/22Part 1 (parts 2 & 3 below)Jeffrey Gundlach, Doubleline CEO and chief investment officer, joins 'Closing Bell: Overtime' to discuss the Fed's 75 basis point rate hike and its impact on the market.Part 2Jeffrey Gundlach, DoubleLine CEO and chief investment officer, joins 'Closing Bell: Overtime' to discuss the economy and whether he thinks the Fed can navigate a soft-landing...Read More
BNN Bloomberg, Released on 6/15/22Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An...Read More
GoldCore TV, Released on 6/15/2200:00- Intro01:47- The Inflationary Cycle04:52- How high the inflation is going to get?05:28- Underlying Inflationary Pressure06:38- Year ending with '7'08:03- Consequences on financial markets and geopolitical developments08:53- A new bear market cycle11:53- DOW to $15,000?13:06- End of the US?18:07- Energy crisis20:01- What happens to gold and silver?21:21- Gold t...Read More
Rich Dad Radio Show, Released on 6/15/22"The bull walks up the stairs and the bear jumps out the window." Seasoned investors know better. They know that markets always go up and down. They know that when a bull market is hot, it will come crashing down at some point in time-and the higher a market rises, the faster and harder it crashes. Today's guest explains how financially educated people will...Read More