While 2022 capital spend remains unchanged, 2023 is expected to increase by $60 million to between $280 and $320 million on the scheme, and in 2024 is expected to increase by $60 million to betweenRead More
The sale was at a share price of C$10.90 and reduces Coeur's holding in Victoria Gold to 9.5% on a non-diluted basis. The sale transaction is scheduled to close on or about June 30.Read More
Blue Horseshoe Ventures launches their new capital-raising platformSPONSOREDblue horseshoe ventures pty limitedAdvancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu minesPotanin, known as the "Nickel King", was sanctioned by the UK government for his ties t...Read More
RAPAPORT... Luk Fook's sales weakened in the past months as Covid-19 dampened retail spending across greater China, the Hong Kong-based jeweler reported.Group same-store sales - in Hong Kong and the mainland - declined in March and April amid a resurgence of the virus in both locations, the retailer said Tuesday. Same-store sales in Hong Kong and Macau returned to "slight" growth for the peri...Read More
RAPAPORT... Rio Tinto has put the Star-Orion South diamond project in Canada on hold until the end of the year while it weighs a possible exit from the venture.The Australian miner will not contribute financially to the Fort ? la Corne (FalCon) exploration during that time other than for care and maintenance, its joint-venture partner Star Diamond said Wednesday. Over the next six months, Rio Tin...Read More
RAPAPORT... De Beers and the Botswana government have extended their current supply contract by another year, meaning the current terms will remain in place until June 2023."Following further positive progress towards a new agreement being made in the first half of 2022, the two parties have agreed to the one-year extension to enable the finalization of the ongoing discussions," De Beers said...Read More
(IDEX Online) - Zales has launched a new diamond cut with 185 facets - compared with the 58, including the culet, of a traditional brilliant cut - claiming it creates a "breathtaking sparkle".The US jeweler, which has 2,800 stores and is part of the Signet group, says its Celebration Infinite diamonds, with more than three times the regular number of facets, are expertly cut for excellent li...Read More
(IDEX Online) - The Russian Ministry of Finance has condemned "far-fetched" accusations that diamonds are funding its invasion of Ukraine and should therefore be outlawed by the Kimberley Process.It issued a statement insisting Russia "has always been and remains an exceptionally responsible participant of the Kimberley Process".And it said tax and dividend payments from Russian diamond mining ope...Read More
(IDEX Online) - The demolition of Canada's Victor diamond mine - which involved flying in specialist machinery in Hercules cargo planes - was completed ahead of time, despite many challenges.The site, in a remote and frozen area of northern Ontario, is now being returned to its natural state.Victor was identified in 1987 as Canada's first economically viable diamond deposit.De Beer...Read More
(IDEX Online) - Gwyneth Paltrow is again under fire, over the price of her new "everyday" jewelry collection.Social media users say the new range - including a $7,900 gold necklace with 1.96 ctw of white diamonds - is "out of touch", "unaffordable" and far from being "everyday".The Hollywood A-lister, aged 49, launched new pieces branded as G. Label through her online business Goop last week. ...Read More
(IDEX Online) - Swarovski, the family-owned crystal and jewelry company, is to have an "outsider" permanently at the helm for the first time in its 127-year history.The Austria-based business has appointed Alexis Nasard (pictured), from Switzerland, currently a senior business advisor at management consultants McKinsey & Company.He replaces Michele Molon, a non-family member, who served as CEO...Read More
(Updates prices) LONDON, June 29 (Reuters) - Copper prices held near 16-monthlows on Wednesday as investors weighed the risk that rapidinterest rate rises will reduce global economic growth andmetals demand.Industrial metals have tumbled alongside stock markets ascentral bankers stepped up talk of action to containdecades-high inflation. Benchmark copper on the London Metal Exchange (LME)was up 0....Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade. Index futures were virtually unchanged following release of an update on U.S. annualized first quarter real GDP at 8:30 AM EDT. Consensus was unchanged at a deficit of 1.5%. Actual was a deficit of 1.6%.Couche-Tard dropped $1.96 to Cdn$53.38 after the company reported less than consensus...Read More
EDM Resources (TSXV: EDM) has entered into a definitive credit agreement with Swiss base metals trading company IXM for US$24 million in debt financing to advance the company's Scotia mine towards commercial production.Scotia is a fully owned and permitted zinc-lead operation consisting of a mine and mill that last operated in 2009. The open-pit mine and related facilities are located near Halifa...Read More
Wyloo Metals made a big splash last year with its battle against Australian behemoth BHP (NYSE: BHP; LSE: BHP; ASX: BHP) for control of Ring of Fire junior Noront Resources. The private, Western Australia-based company, owned by Australian billionaire Andrew Forrest's Tattarang investment group, outlined its vision for Noront's high-grade nickel-copper-PGM Eagle's Nest project early on. The miner...Read More
Geoscience BC has completed a new project that would make data for hundreds more mineral exploration and development reports in British Columbia searchable by location for the first time.National Instrument 43-101 technical reports contain comprehensive geoscience information on prospective mineral properties and are available from the Canadian Securities Administrators' (CSA) SEDAR website. Howev...Read More
Canada's Kinross Gold (TSX: K; NYSE: KGC) expects to declare an initial mineral resource for its recently acquired Great Bear gold project in Red Lake, Ont., as part of its 2022 year-end results, it said in an update.The gold miner, which paid $1.8 billion in cash and shares for Great Bear in a deal that closed in late February, said the estimate predominantly in the inferred resource category, wi...Read More
As demand for critical minerals increases in the society-wide push for decarbonization, the Covid-19 pandemic, Russia's invasion of Ukraine, and China's control over critical minerals have demonstrated how important it is to develop secure mineral supply chains in North America.That emerging supply chain was among the many issues discussed in the "Trends in Energy Metals: Net-zero carbon emissions...Read More
Azimut Exploration (TSXV: AZM; US-OT: AZMTF) has made a new nickel-copper sulphide discovery during its initial diamond drilling program at the Wapatik project in Quebec. Highlights from the discovery hole WAP22-003 included 3.3 metres grading 2.68% nickel and 1.3% copper starting from 143.4 metres. A six-hole follow-up program, totalling about 1,000 metres, is currently underway to further tes...Read More
VVC Exploration Corporation (Read full newsRead More