The best place to look for a new mine is near an existing mine. One company exploring for silver, gold, and base metals deposits on three different projects in southeastern Europe, is employing that strategy to its advantage as it lists on the Canadian Securities Exchange.It is not every day that a mining company with three projects in one of the most prolific metals belts in Europe starts to trad...Read More
As they leverage the macro, what’s good for gold is even better for gold minersAfter last week’s article, in which we noted a unique move on ‘CPI Friday’ as gold and the miners put in an expected test of the lows and quickly reversed upward, unique among a world full of bearish markets…A pivotal juncture for gold and gold stocks…let’s take a checkup on a...Read More
Wondering why silver is under $22 halfway through 2022?(by Half Dollar) It's simple, really.What do we get when we combine myriad ersatz financial "market" "products" with unlimited money for the Market Riggers' use in the Rigged Casino?Well, one thing we get is $22 silver in mid-2022:Depending on perspective, or positioning, or whatever, silver's price is neither too hot nor too cold, but painful...Read More
CONEXPO-CON/AGG, Taking Construction to the Next LevelSPONSOREDconexpo-con/agg 2023Advancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu minesThe net proceeds of the financing will be primarily used to meet the firm's financial assurance obligations with th...Read More
Non-executive chair Charles (Chuck) Jeannes, who lives in Nevada, began Glamis Gold which bought Goldcorp in 2006 for US$8.6 billion. Gold Standard Ventures' president and CEO Jason Attew was also at Goldcorp before moving on to investment banking at Bank of Montreal."Glamis started on open pit heap leach mines in Nevada. Our market message has been that we will begin [Orla] in a similar way, with...Read More
CONEXPO-CON/AGG, Taking Construction to the Next LevelSPONSOREDconexpo-con/agg 2023Advancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu minesFrom June 17 authorized personnel gradually returned to the site to perform tasks related to infrastructure mainten...Read More
Stacking rates continue to ramp up with leaching activities beginning earlier in June.Read More
RAPAPORT... Steve Coe, CEO of De Beers lab-grown diamond jewelry brand Lightbox, will step down after running the business since its inception.Coe, who started at Lightbox in 2017 following a 21-year tenure at De Beers' synthetic diamond-manufacturing unit, Element Six, will leave the company in July, David Johnson, head of strategic communications for De Beers, confirmed to Rapaport News Mon...Read More
CONEXPO-CON/AGG, Taking Construction to the Next LevelSPONSOREDconexpo-con/agg 2023Advancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu mines They are the fraud some people always suspected, though it took a blast of higher interest rates and an end...Read More
RAPAPORT... The World Diamond Council (WDC) has extended the term of its current officers for an additional year due to "unusual circumstances," it said Sunday.WDC bylaws state the term of its president lasts two years, after which the serving vice president automatically succeeds him or her. However, citing unforeseen circumstances during the 2020-to-2022 period, including the pandemic, the WDC h...Read More
RAPAPORT... India's rough imports rose 14% to $1.43 billion in May as the country sought to offset the decline in Russian rough supply. Polished exports grew 4% year on year to $2.09 billion, according to data from the Gem & Jewellery Export Promotion Council (GJEPC). Both measures had declined in April. The government is targeting 17% growth in all gem and jewelry exports in the current fisca...Read More
RAPAPORT... Swarovski has appointed former McKinsey & Co. executive Alexis Nasard as CEO, the company's first leader from outside the crystal maker's family to hold the post in its 127-year history.Nasard will start on July 4, taking over from interim CEO Michele Molon, who will assume the newly established role of chief commercial officer, Swarovski said last week. The move to onboard an...Read More
(IDEX Online) - Alrosa says it will not lower its forecast production of up to 35m carats this year - despite sanctions and banking restrictions imposed over its invasion of Ukraine.It also said plans to re-open the Mir mine, where a flooding accident claimed eight lives in 2017, were still under consideration.The Russian miner, part-owned by the government, said it was on course to meet H1 2022 g...Read More
(IDEX Online) - Three victims of Tinder Swindler Shimon Hayut are to recoup their financial losses through sales of a specially created Stronger Together bracelet.The $169 piece is being launched by Leviev Diamonds. Hayut, 31, from Israel, legally changed his name to Simon Leviev and falsely claimed to be CEO of the company.The Netflix documentary The Tinder Swindler, released in February, tells h...Read More
(IDEX Online) - Violent armed raiders left workers terrified when they stormed a jewelry store in New Jersey, USA, and fled with an estimated $1m or more of merchandise. The seven masked robbers threw staff to the ground as they ransacked display cases at Virani, specialists in antique-style Indian jewelry, in Iselin, New Jersey. Shocking CCTV images show a woman employee being forced to the groun...Read More
RAPAPORT... The International Colored Gemstone Association (ICA) has appointed industry veteran Doug Hucker as CEO, to succeed Gary Roskin.Hucker was the CEO of the American Gem Trade Association (AGTA) for the past 24 years, before leaving in March. He has also served on the boards of a number of industry associations, including the American Gem Society (AGS), the Jewelers Vigilance Committee (JV...Read More
(IDEX Online) - Lab growns now account for around a fifth of the diamonds used by manufacturers in India, according to reports.The switch from mined gems has been prompted by ongoing sanctions against Alrosa, together with demand form the US for cheaper goods, amid spiraling inflation. Lab growns are 40 per cent cheaper.Among the beneficiaries are lab grown manufacturers in India, which...Read More
Codelco maintains that the smelter meets environmental standards. However, operations ceased on June 6 when the company decided to bring forward maintenance work after episodes during which up to 100 local residents including children and adults experienced intoxication.Th copper producer created dialogue tables with the almost 350 workers and union representatives to transition them into other ro...Read More
(New throughout, adding Vale and BHP statement saying Samarcois not for sale, sources confirming talks and creditorsresponding to criticism of its restructuring plan) By Tatiana Bautzer SAO PAULO, June 20 (Reuters) - Miners Vale SA andBHP Group said in a joint statement on Mondaythey are not interested in selling their joint venture Samarco,after reports of the interest of Brazilian steelmaker Com...Read More
The initial public offering price for 14.388 million shares would be between US$11.75-12.50 per share, the firm said in a filing to the NYSE.Underwriters to the offering have an option to purchase a maximum of 2,158,200 additional shares of common shares.Ivanhoe Electric in an initial filing registration to the NYSE last month said the planned dual listing was "in order to support American supply...Read More