RAPAPORT... Signet Jewelers saw its position soar on a 2022 National Retail Federation (NRF) list of the top 100 retailers, which ranks companies based on annual sales.The retailer - the only jewelry specialist to make the list - came in at number 66 after rating 78th last year, the NRF data showed last week. In 2020, Signet just cracked the list at 98. The jeweler owns a number of banners, includ...Read More
(IDEX Online) - A jewelry store employee was shot in the chest after confronting armed raiders in Illinois, USA.His condition was described by local media as critical but stable following the attack at Reichman Jewelers (pictured), in Oak Lawn.Police say three masked male black offenders entered the store, pulled out guns and disarmed the security guard, on 1 July.They then started smashing displa...Read More
(IDEX Online) - Swiss watchmaker Richard Mille has launched the world's thinnest mechanical watch.It has a profile of just 1.80mm, shaving 0.05mm - about the thickness of a human hair - off the previous record holder, Bulgari's Octo Finissimo Ultra.The Richard Mille RM UP-01 Ferrari Ultra-Thin is the culmination of countless prototypes and more than 6,000 hours of R&D and laboratory...Read More
(IDEX Online) - China's diamond trade declined by over 46 per cent in the first half of this year, as Shanghai was hit by a two-month long Covid lockdown.Total transactions for all rough and polished diamonds were $2.056bn from January to June.That's down from $3.82bn in the same period during 2021, according to the Shanghai Diamond Exchange (SDE), when China reported record high imports...Read More
A Reuters analysis of power demand data supplied to mine, which can be used as a close proxy of mining activity, shows that power use levels had returned to normal after a slump in power use from lateRead More
"After a period of considerable support from Power Metal Resources, we are now in a position to regain complete ownership of our crucial prospecting licences in the Kalahari Copper Belt and at Ditau. On completion of the transaction, Kavango will become one of the largest landholders for copper exploration in Botswana," Kavango's CEO Ben Turney said.The terms of the proposed agreement sees Kavango...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points in pre-opening trade. Index futures responded to news of more shutdowns in China due to a spread of a COVID 19 variant. Twitter dropped $1.98 to $34.883 after Elon Musk terminated his takeover offer for the company. Stifel Nicolaus lowered its target price from $54.20 to $30.00Lululemon fell $12.38 to $281.8...Read More
Spread the lovePRIVATE BLOG - Gold into the 3rd QuarterPrivate blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
Building a net-zero economy is critical, but using fossil fuels still will be necessary for decades to come, said Pierre Lassonde, co-founder of Franco-Nevada on June 8 in Toronto at the Mining Legends Speaker Series, organized by The Northern Miner, the Canadian Mining Hall of Fame and Young Mining Professionals."[Oil and gas are] going to be with us for the next 100 years," Lassonde said at the...Read More
Leading precious metals streaming company Royal Gold (NASDAQ: RGLD) has signed a definitive agreement to acquire all of the issued and outstanding shares of Great Bear Royalties (TSXV: GBRR) for a cash consideration of $6.65 per share. The acquisition price represents a 43% premium to GBR's 20-day volume weighted average trading price on the TSX Venture Exchange up to and including July 8, valuing...Read More
Shares of EV Nickel (TSXV: EVNI) jumped more than 50% in morning trading as the company's latest drill results from its Shaw Dome project in Timmins, Ont., intersected high-grade nickel sulphide.Highlights from the drill results included 14.30 metres grading 1.50% nickel starting from 311.8 metres in drillhole EV22-12, including 5.40 metres grading 2.96% nickel; and 5.50 metres grading 1.33% nicke...Read More
Mining companies that embrace digital transformation can reduce their costs, boost profits, and improve safety and environmental performance, according to Mark Leach, vice-president of business technology services for Cameco (TSX: COO; NYSE: CCJ).He says that digitalization "allows work processes to be streamlined, and provides the data necessary for better decision-making and improving operationa...Read More
South African miner Gold Fields (NYSE: GFI; JSE: GFI) promised an improved dividend policy and a Toronto Stock Exchange listing in a bid to win shareholders who have expressed reservations about the planned US$6.7-billion takeover of Canada's Yamana Gold (TSX: YRI; NYSE: AUY) The merger, which would create the world's fourth-largest gold miner and is expected to surpass Agnico Eagle Mines (TSX:...Read More
Eldorado Gold (TSX: ELD; NYSE: EGO) is pushing ahead with pre-construction work at its Skouries gold-copper project in northern Greece, which was halted from 2017 to last year due to government delays in issuing permits and community opposition. After inking a new investment contract with Greece in early 2021, Eldorado has focused on resuming construction at the mine, which has reserves of 3....Read More
Just two months after closing its acquisition of the Okanjande graphite deposit and Okorusu processing plant in Namibia, Northern Graphite (TSXV: NGC; US-OTC: NGPHF) has completed a preliminary economic assessment on a restart of the operation, which was put on care and maintenance in November 2018.Northern Graphite says the project could be brought back into first production within nine to 12 mon...Read More
Results from the first four diamond drill holes at its Hopper porphyry/skarn copper-gold project in southwestern Yukon are encouraging, says junior explorer CAVU Energy Metals (CSE: CAVU; US-OTC: CAVVF). The 7,400-hectare project is about 180 km northwest of Whitehorse and CAVU is earning a 70% stake in the project under an option agreement with project generator Strategic Metals (TSXV: SMD).Drill...Read More
Mining companies generate large amounts of waste to produce economically viable metals. For instance, mining for copper, nickel, zinc, and lithium, essential metals for the global push towards decarbonization, can generate an estimated 60 to 90 tonnes of industrial waste, including waste oils and hazardous chemicals, on a monthly basis.And with ore grades from current operating deposits projected...Read More
In this issue, we bring you our popular annual look at "Canada's Top Ten" - this year focused on Canada's biggest mining companies, precious metals juniors, and base metals and uranium juniors by market cap. From year to year, these lists don't usually see dramatic changes, with the biggest companies often shuffling up or down one or two spots.This year, however, our Top Ten base metals and uraniu...Read More
By Jaime Llinares Taboada ECR Minerals PLC said Monday that recent drill results show signs of grade continuity at its Bailieston gold project in Australia....Read full newsRead More
By Jaime Llinares Taboada Shares in Lexington Gold Ltd. jumped Monday in early trading after the company reported high-grade gold results for its Loflin...Read full newsRead More