"...it's quite likely that further dips will be shallow and that the ratio of risk to reward is now heavily skewed toward reward."... by Craig Hemke via Sprott Money NewsRecent data from the CFTC suggests that COMEX silver positioning is the most favorable since June of 2019. While this does not preclude more downside, it certainly suggests that any further price drops will be shallow.So, what we...Read More
Drill hold APC-1, which is the first ever diamond drill hole to test the Apollo target, resulted in 87.8 metres @ 2.49 g/t gold equivalent, the Toronto-headquartered firm said. Read More
The departure of former chief executive Steve Promnitz sparked uncertainty in the market on the future direction of the firm and the status of his 10.Read More
Exploration resumed in 2021 after a decade hiatus under previous operators, with the company planning 30,000m of drilling this year as it seeks to build on the 23 million tonnes grading 1.37% copper Minto resource. Some 60% of the resource is not in the current mine plan.The company has identified priority targets including possible extensions to underground mining areas at Minto North II, Minto E...Read More
Voting on the NDAA is scheduled for later this year and is expected to include increased US government support for the mining and processing of critical minerals, including antimony, and to increaseRead More
RAPAPORT... Swiss watch exports grew strongly in May as demand strengthened in the US and Europe while orders of high-end timepieces surged.Global shipments rose 14% year on year to CHF 2.04 billion ($2.12 billion) for the month, the Federation of the Swiss Watch Industry reported Tuesday. Supply to the US market increased 35% to CHF 327.4 ($340.1 million), with exports to Europe gaining 32%....Read More
RAPAPORT... The global luxury industry grew by almost a fifth at the start of the year as European spending recovered at a faster rate than expected, according to Bain & Company."After its worst dip in history, the personal luxury goods market has experienced a V-shaped rebound," the consultancy said Tuesday in its spring update, entitled "Rerouting the Future."Sales increased by 17% to 1...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 minesAbout 100 guests were invited to the opening yesterday, including Banjima Traditional Owners and Western Australian...Read More
RAPAPORT... Alrosa plans to stick with its production guidance of 34 million to 35 million carats this year despite Western sanctions on the Russian miner, according to a local news report."I think we are on track and so far, despite certain difficulties, we are working exactly according to plan in the first half of the year, somewhere in this range," Interfax quoted Alrosa CEO Sergey Ivanov...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 minesBut attending the Mining Indaba in South Africa, which itself is back after being suspended for over two years, it...Read More
RAPAPORT... De Beers' sales soared to $650 million in June as demand held up and the lack of Russian supply led to shortages.The total for the fifth cycle of 2022 was 36% higher than for the equivalent sale a year earlier and represented an 8% increase compared with May, according to data De Beers released Wednesday. The figure included the June sight, which took place two weeks ago, as well...Read More
(IDEX Online) - De Beers today announced $650m (provisional) of rough sales at its fifth sales cycle of 2022 - up over a third on last year amid ongoing sanctions against Russia.The UK-based miner attributed the rise in sales to positive sentiment in the US and China's gradual emergence from Covid lockdowns, but made no mention of its biggest rival, Alrosa.De Beers reportedly hiked the...Read More
(IDEX Online) - The Asian Institute of Gemological Sciences (AIGS) has launched what it believes is the first standardized color code for aquamarine.It aims to introduce third-party objectivity in a gemstone market where the all-important color is often described with ambiguous terms such as greenish blue or blue.The AIGS Santa Maria color code takes its name from the legendary Santa Maria de Itab...Read More
(IDEX Online) - Trans Atlantic Gem Sales (TAGS) reports $25m sales from its June rough tender, up from $20m in April, but well below the company's $75m record in March.Around 30 per cent of goods, all from southern African mines, remained unsold in Dubai, amid what the company described as a mood of "cautious optimism".Smaller goods - in short supply because of sanctions on Alrosa - were in h...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 minesTanzania, Mozambique, and Madagascar are amongst east African states that have attracted investment in critical min...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 dam elimination program, which began four years ago, has already cost the company $857 million of the $4 billio...Read More
(Adds union statement about detained workers and suspension oftalks) By Natalia A. Ramos Miranda and Fabian Cambero SANTIAGO, June 22 (Reuters) - Workers at Chilean state-ownedmining giant Codelco, the world's largest copper producer,launched a major strike on Wednesday to protest the closure of asmelter over environmental issues, though the governmentdownplayed the impact on operations. The Feder...Read More
The company listed on June 20 and on June 21 had a share price of C$0.15 (US$0.12) and market capitalization of C$11.03 million.Read More
The Ootsa measured and indicated resources now stand at 439 million tonnes grading 0.32%, which is up 96% compared to a 2016 estimate.The update also shows 138 million tonnes grading 0.28% CuEq in the inferred category.The MRE update is based on a drill hole database of about 152,000 metres of drilling, including about 50,000 metres drilled since 2018. The pit constrained resources are at both the...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 61 points in pre-opening trade. Investors are waiting for testimony on monetary policy by Federal Reserve Chairman Powell to Congressional leaders today and tomorrow starting at 10:00 AM EDT. The Canadian Dollar was virtually unchanged at US77.06 cents following release of Canada's May Consumer Price Index at 8:30 AM...Read More