And what is likely to happen to the price of silver next?by Keith Weiner of Monetary-MetalsThe dollar rose this week, from 17.87mg gold to 18.24mg (that's "gold fell from $1,740 to $1,705" in DollarSpeak), a gain of 2.1%. In silver terms, it rose from 1.61g to 1.67g (in DollarSpeak, "silver dropped from $19.24 to $18.64), or 3.7%.As always, we want to look past the market price action. Two explana...Read More
"...they're gonna pull the plug..."by Bix Weir of Road to Roota"...they're gonna pull the plug..."Great time out here on the Road with the Freedom Road Show!! Make sure you come out and support us if we are anywhere near you!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 metalsHSBC has cut its forecast for North American palladium output for this year to 785,000 ounces...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Demand for copper — already on a rising trend — is arguably set to explode as the energy transition takes hold. In order to prevent structural deficits, unsustainably high prices and demand destruction, miners will have to...Read More
Politics, inflation, falling metals prices and higher public spending are combining to stoke social tensions, limit economic growth and reduce the chances of economic reforms.Read More
The fatal accident involved a truck operator losing control of the vehicle at a dump.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 resourcesNo-one, to be sure, wants a recession. But how much of the above is wishful thinking? After al...Read More
RAPAPORT... Petra Diamonds' sales surged in the past fiscal year as the company benefited from stronger rough demand and the resumption of production at its Williamson mine in Tanzania.Revenue jumped 44% to $584.1 million for the 12 months ending June 30, the miner reported Tuesday. Prices climbed 42% on a like-for-like basis compared to the previous year."The most recent tender in June highlighte...Read More
RAPAPORT... Gem Diamonds has recovered a 114-carat rough from its Let??eng mine in Lesotho, its fourth stone above 100 carats in the past two months.The company unearthed the high-quality, white, type I diamond at the deposit on July 16, Gem Diamonds said Tuesday. The discovery closely followed that of an "exceptional-quality," 245-carat rough on June 11, a 125-carat diamond on May 31, and a high-...Read More
RAPAPORT... India's polished-diamond exports rose 2% year on year in June, reflecting a sharp climb in the average price, according to recent data from the Gem & Jewellery Export Promotion Council (GJEPC). The increase follows a 4% jump in shipments for May.India Trade Data for June 2022 Read More
RAPAPORT... Australian jeweler Michael Hill reported the highest revenue in its history during the fourth fiscal quarter and full year amid improved business in Canada and record online sales.Group sales jumped 17% to AUD 135.7 million ($92.4 million) in the three months ending June 26, the company said last week. Same-store sales - at branches open more than a year - grew 2.1%.Same-store sales in...Read More
(IDEX Online) - India's gross exports of polished diamonds were $2.01bn in June, a dollar rise of 2.25 per cent on the same month last year.The figure for the three months from April to June was $6.27bn, a dollar increase of 1.09 per cent.Overall gross exports of all gems and jewlery were $3.2bn in June, a year-on-year dollar rise of 14.5 per cent, as India reaped the benefits of its Comprehe...Read More
(IDEX Online) - Richemont reported significant increases in its US and European sales in the three months to June, but a plunge in its revenue from China.The Swiss-based luxury company, that counts Cartier, Van Cleef & Arpels, Jaeger-leCoultre and Piaget among its 26 maisons, said total sales for the quarter were $5.27 billion, an overall growth rate of 12 per cent.Richemont reported 20 per ce...Read More
(IDEX Online) - Thieves who broke into an unattended Brink's security trailer in Southern California, USA, may have escaped with up to $150m in jewelry, gems, high-end watches, according to exhibitors.The vehicle was on its way from the International Gem and Jewelry Show in San Mateo, south of San Francisco, to an event at the Pasadena Convention Center, northeast of Los Angeles. Guards who h...Read More
(IDEX Online) - Four Canadian men have been charged at a court in Ohio, USA, with a pink diamond and jewelry investment fraud following an FBI probe.They are alleged to have cold-called potential investors in the US and Canada and persuaded them to make small investments in pink diamonds, which, they claimed, would increase in value. The defendants claimed to work for Paragon Int...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 metalsThe big miner reported a strong June quarter, including a 25% jump in copper production, a 52%...Read More
This follows the bank's move to commit up to US$25 billion in foreign currency reserves from July 18 to the end of September to defend the value of its slumping peso currency.Read More
Under the renewed revolving credit facility, the interest rate paid on drawn amounts and standby fees will be adjusted based upon Wheaton's performance in three sustainability-related areas.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 24 points in pre-opening trade. Index futures were virtually unchanged following release of the June U.S. housing starts report at 8:30 AM EDT. Consensus was an increase to 1.585 million units from 1.549 million units in May. Actual was an increase of 1.559 million units.IBM dropped $5.97 to $132.16 despite reporting h...Read More
Asante Gold (CSE: ASE; US-OTC: ASGOF) has increased its Ghana-based Bibiani gold mine's measured and indicated resources by about 26% to 2.3 million ounces and improved its mine life from six years to 8.3.The latest technical report, which the company says has been "prepared to the level of confidence of a prefeasibility study," is an update to the project's feasibility study filed in 2018 and its...Read More