GCM currently owns 44.3% of Aris. Under the terms of the no premium transaction, all Aris shares not held by GCM will be exchanged at a ratio of 0.5 of a share of GCM for each Aris share.Read More
OzAurum drilling for a golden futureSPONSOREDozaurum resourcesShallow, high-grade ounces continue for Alto at SandstoneSPONSOREDalto metalsStandout ESG credentials position Trigg to capture investor attentionSPONSOREDtrigg miningMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSORED The US$65 million, two-stage deal will see an initial $10 million committed to expand explora...Read More
RAPAPORT... Mumbai-based manufacturer Finestar Jewellery & Diamonds inaugurated its Namibia facility, part of a broader beneficiation drive in the country. The company began operating in the capital city Windhoek in April 2021 but delayed the factory's official opening so that Minister of Mines and Energy Tom Alweendo could attend.The minister urged the industry to cut and polish more Nam...Read More
RAPAPORT... Pandora plans to set up an office in New York that will enable it to expand and manage its US business.The Danish jeweler will open a temporary hub in Manhattan this September, followed by a permanent space in the summer of 2023, it said last week. The location will house approximately 150 corporate employees."New York is the largest commercial market in the US and one of the largest c...Read More
RAPAPORT... Sotheby's may have to pay a consignor $4 million after the auction house allegedly released 45 vivid-yellow diamonds to another entity.On July 14, an appellate court ruled on a claim brought against Sotheby's by M&L Financial. The ruling assumes that the facts contained in M&L's allegations are true.According to the filing, M&L claimed that Jona Rechnitz, the owner of Jadel...Read More
Ivanhoe Electric is aiming to develop the Santa Cruz copper project in Arizona and has promoted the development as a key future supply of a key metal in the energy transition.Read More
(IDEX Online) - Formula One heiress Tamara Ecclestone is offering a $7.2m reward for the return of jewelry stolen in Britain's highest-value house burglary.Three Italian nationals were jailed last November after they made off with valuables worth over $31m (at today's exchange rate) from her 57-room mansion in Kensington Palace, London, while she and here family were on holiday in 2019.B...Read More
(IDEX Online) - A Bulgari sapphire and diamond brooch that belonged to Hollywood icon Liz Taylor is being sold.The British-born actress, best known for Cat on a Hot Tin Roof, Cleopatra and Who's Afraid of Virginia Woolf, died in 2011, having amassed a huge collection of jewelry from her eight husbands.The majority of her collection sold at Christie's shortly after her death, netting over...Read More
OzAurum drilling for a golden futureSPONSOREDozaurum resourcesShallow, high-grade ounces continue for Alto at SandstoneSPONSOREDalto metalsStandout ESG credentials position Trigg to capture investor attentionSPONSOREDtrigg miningMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDAdjusted second quarter earnings before interest, taxes, depreciation, and amortization (EBITDA) for...Read More
(IDEX Online) - GIA is partnering with eBay to authenticate items of fine jewelry sold on the platform.Its experts and gemologists, will verify metal type, purity, and gemstone quality for new and used items sold for over $500.GIA checks the item matches its online description, then ships it direct to the customer a unique authentication card with a QR code. The move marks an expansion of eBa...Read More
The decision follows a May decision which rejected a permit application for the $3 billion Los Bronces integrated project, which contemplates an underground mine to extend the mine life from 23 yearsRead More
After reviewing security controls and standards, and reinforcing the safety training of contractors, the vice presidency of projects gave the green light to gradually restart works.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points in pre-opening trade.Newmont Mining slipped $1.68 to $49.71 after reporting lower than consensus second quarter revenues and earnings. Meta Platforms added $0.86 to $170.13 despite a reduction in target price by Mizuho from $325 to $250. Amazon added $1.03 to $123.45 despite a reduction in target price by Opp...Read More
The viability report, commissioned by Kavango to assess whether the target would be economically viable, is a conceptual study—and not a definitive study.The study, prepared by Executive Mining, concludes the IOCG target would be economically viable at depths up to 2 kilometres below the surface, should sufficient bulk of mineralization be discovered that is of sufficient grade.Kavango now p...Read More
It's about a two-hour flight north-northwest from the uber-developed Chilean capital of Santiago to reach the dusty airport just outside Antofagasta, a seaside city on the edge of the Atacama Desert, said to be the second driest place on earth after Antarctica. As we're driven away from the airport, we pass under a giant BHP-Escondida greeting banner. It's immediately clear we're now in big-tim...Read More
Colombia focused precious metals producers Aris Gold (TSX: ARIS) and GCM Mining (TSX: GCM) have announced an all-share merger deal that will see GCM - already a major shareholder of Aris - acquire all remaining outstanding shares. GCM currently holds nearly 61 million Aris shares, representing about 44.3% of the issued and outstanding common shares of the Vancouver-headquartered Aris. The ne...Read More
Welcome to our new weekly feature, TNM Drill Down, focusing on the top gold assays of the past week. Assays are ranked by gold grade x width, as identified by our sister company Mining Intelligence. This week's top result was from Burtville East, one of four prospects at Panther Metals' (ASX: PNT) 90-sq.-km Merolia gold project in Western Australia. The best hole from the first-pass six-hole, r...Read More
The equity of Copper Mountain Mining (TSX: CMMC; ASX: C6C) fell to a fresh 12-month low on Monday after the company said low grades and mill throughput resulted in a 48% year-on-year drop in second-quarter copper output from its eponymous mine in British Columbia.President and CEO Gil Clausen said in a statement the company was dealing with "a number of challenging issues" in the three months thro...Read More
Copper is a metal vital to the world's green energy transition - used in electrical wiring, appliances, computers, vehicle motors and smart phones. Demand can only grow - and market researcher Wood Mackenzie expects copper demand from passenger EVs alone to jump to around 2.9 million tonnes over the next decade from about 600,000 tonnes in 2021.The story of Vortex Metals (TSXV:VMS), started with t...Read More
Yukon-focused explorer Snowline Gold (CSE: SGD) has completed the first tranche of its previously announced private placement, issuing 7 million flow-through common shares priced at $1.40 each and 10 million units at $1.25 each, for aggregate gross proceeds of $22.3 million. Each unit comprises one common share and one-half of a common share purchase warrant, with each whole warrant exercisable fo...Read More