Reuters (via Yahoo Finance), Released on 7/17/22"We are selling (this gold) so that our importers are able to buy necessary goods for the country," Continue... Ukraine has sold more than $12 billion of its gold during war with Russia added by Herman James on 07/18/2022View all posts by Herman James ?+'Read More
Expert Clive Maund examines the confluence of increasing debt and the precious metals sector and speculates on how the European Central Bank's plan to engage in "unlimited bond buying" will impact the market.The debt market has been perilously close to locking up in recent months which would quickly lead to the entire financial system freezing and banks slamming their doors and ATMs not working, e...Read More
It's hard to see gold & silver being drawn out into no-man's land, much less going on...(by Half Dollar) The term "trench warfare" comes up in market talk from time to time to describe a certain type of stalemate, a certain type of being stuck, where neither the bulls nor the bears are making any real progress towards achieving their objectives.The term "no-man's land" also comes up in market talk...Read More
Red Dirt Metals: unexpected lithium starSPONSOREDred dirt metalsAlma Metals targets resource expansion at copper project in QueenslandSPONSOREDalma metalsMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDRumble in the outback, "zinc elephant sighted"SPONSOREDrumble resourcesBeattie owns the mineral rights to mining claims that make up the former Beattie mining conces...Read More
Look beyond market approach to project valuations: van ZylLeadershipAlma Metals targets resource expansion at copper project in QueenslandSPONSOREDalma metalsMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDRumble in the outback, "zinc elephant sighted"SPONSOREDrumble resourcesThe funds will be used to explore the Luanga platinum group metals, gold and nickel p...Read More
JP Morgan sits 3% below market consensus of the firm's forecast second quarter results which First Quantum will release on July 27 after the close of trading on the Toronto Stock Exchange.Read More
RAPAPORT... Hong Kong jeweler Luk Fook's sales slipped 1% in the first fiscal quarter as the health situation deteriorated in mainland China.Total same-store sales - at Luk Fook outlets open for more than a year - in China dropped 28% year on year for the three months ending June 30, the company said last week. Same-store sales of gold priced by weight fell 30%, while purchases of fixed-price jewe...Read More
RAPAPORT... A ruby and diamond ring by Cartier was the star of the most recent jewelry sale at Poly Auction in Hong Kong, fetching HKD 57.6 million ($7.3 million).The piece, which featured an 8.39-carat Burmese ruby surrounded by diamonds, also set a record for the highest price achieved by a ruby at auction, Poly Auction said last week. In total, the July 13 Magnificent Jewels sale garnered more...Read More
"We have serious concerns with regards to the new royalties," BHP said in a statement. "If the proposed royalty (hike) materializes, we would have to re-evaluate our investment plans for Chile.Read More
RAPAPORT... It's official: Guinness World Records has verified the 7,525-carat Chipembele as the largest uncut emerald on record. The agency presented Israel-based Eshed-Gemstar with its sought-after certificate in April, after the company bought the stone from Gemfields last December for an undisclosed amount. Gemfields recovered the emerald a month earlier from its Kagem mine in Zambia, claiming...Read More
RAPAPORT... Rio Tinto has lowered its output forecast for the full year following challenges arising from Covid-19.The miner now expects production from the Diavik mine in Canada to be between 4.5 million and 5 million carats, it said last week. That compares with the 5 million to 6 million carats it predicted at the beginning of the year.Diamond production climbed 35% year on year to 1.1 million...Read More
Alma Metals targets resource expansion at copper project in QueenslandSPONSOREDalma metalsMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDRumble in the outback, "zinc elephant sighted"SPONSOREDrumble resourcesRed Dirt Metals: unexpected lithium starSPONSOREDred dirt metalsIn the latest twist to the global energy crisis there has been a dawning in China that it made...Read More
(IDEX Online) - Canadian junior miner Diamcor achieved an average of US$246.62 per carat at its rough tender from the Krone-Endora at Venetia Project, in South Africa.That's down over a fifth on the $330 per carat it achieved in February, when it sold 3,063 carats for $1,010,406.It sold a total of 1,939.81 carats sold earlier this month, generating gross revenues of USD $478,3...Read More
(IDEX Online) - A criminal investigation has reportedly been opened in Israel against "Tinder Swindler" Shimon Hayut, following a complaint from the Leviev family, owners of Leviev Diamonds.It follows Netflix's true-crime documentary which told how Hayut, 31, seduced numerous women over the Tinder dating app with his jet set lifestyle, then persuaded them to hand over money with claims that h...Read More
(Updates prices) By Eric Onstad LONDON, July 18 (Reuters) - Copper and other industrialmetals prices bounced on Monday as bearish investors bought backpositions following news about government support for theeconomy in top metals consumer China, with further supportcoming from a weaker dollar. Three-month copper on the London Metal Exchange(LME) had gained 3.3% to $7,427 a tonne by 1615 GMT, rebou...Read More
Protests by the Fuerabamba and Huancuire communities at Las Bamas started in mid-April this year and continued until June when the firm signed a 30-day truce with protestors that allowed mineRead More
"The intention of this programme was to increase the amount of resources in the Indicated category for the White Rock deposit, which stood at 4.7 million tonnes, or 79% prior to commencing the drilling," Anglesey's CEO Jo Battershill said.The company listed the following intersections:9.0 metres at 4.9% Zn, 3.1% Pb, 0.2% Cu, 24g/t Ag & 0.3g/t Au (WD-20 from 133.5 metres) including 6.0 metres a...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 28 points in pre-opening trade. Goldman Sachs advanced $9.42 to $303.29 after reporting higher than consensus second quarter results. The company also increased its dividend by 255.Bank of America slipped $0.12 to $32.13 after reporting less than consensus second quarter earnings. Boeing added $6.19 to $153.93 after De...Read More
IsoEnergy (TSXV: ISO; OTC: ISENF) has announced an initial mineral resource estimate for the Hurricane uranium deposit, part of its 100% owned Larocque East project in the eastern Athabasca Basin of Saskatchewan. The resource estimate was conducted by SLR Consulting, using assays from 52 diamond drill holes totaling 20,387 metres and 785 samples.Indicated mineral resources totalled 48.61 milli...Read More
Australia's Vital Metals (ASX: VML) has in less than three months progressed from shipping out its first load of mixed rare earth carbonate to receiving positive results on the first processing pass at its new facility in Saskatoon, Sask. Vital is the first rare earth producer in Canada and the second in North America, after MP Materials' (NYSE: MP) Mountain Pass mine in California.The dense medi...Read More