RAPAPORT... The American Gem Trade Association (AGTA) has named Texas-based jeweler John Ford as its new CEO, the industry group announced this week. He succeeds Douglas Hucker, who stood down in March after 24 years.Ford will take on the role immediately, stepping up from his current position as an AGTA board member and its treasurer. He is the owner of John Ford Jewelers and The Lightning R...Read More
RAPAPORT... Fancy-color diamond prices increased in the second quarter of 2022 as demand strengthened and supply became tight, according to the Fancy Color Research Foundation (FCRF).The Fancy Color Diamond Index gained 0.8% compared with the first quarter and was 3.1% higher than during the second quarter of 2021, the organization said Tuesday."It is evident that the increase in prices is dr...Read More
(IDEX Online) - Lucapa saw sales slide by more than a third (36 per cent) during the last quarter, down to $21.8m.At its Lulo deposit (pictured), in Angola - the mine where an historic 170-ct pink diamond was recovered last month - the Australian miner reported a 47 per cent drop in revenue to $15.6m.Meanwhile its smaller mine, Mothae, in Lesotho, saw a 27 per cent increase in revenue to $6.2m.&nb...Read More
(IDEX Online) - Burgundy, the Australian miner that bought the Ellendale deposit last year, says it aims to produce 1,200 carats of high-end polished diamonds annually through its dedicated facility.It says wholesale prices of will range from US$5,000 per carat to more than US$50,000. And it aims to double capacity at its Perth cutting and polishing center.Last year Burgundy bought the mothballed...Read More
The firm posted second-quarter adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of US$55.8 million, below the market consensus of $69 million. EBITDA was down 10.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 24 points in pre-opening trade. Starbucks added $1.98 to $85.69 after reporting higher than consensus fiscal third quarter revenues and earnings. Advanced Micro Devices dropped $6.28 to $93.01 after lowering third quarter guidance below consensus estimates. PayPal gained $8.50 to 498.13 after reporting higher than cons...Read More
Shares of East Coast-focused Signal Gold (TSX: SGNL) rose 17% Wednesday on the news that its Goldboro gold project has been approved by the Nova Scotia government. The environmental assessment approval, announced by the provincial Minister of Environment and Climate Change Timothy Halman, will allow the Toronto-headquartered miner to start applications for its industrial approval and Crown Land...Read More
Australia's Silver Lake Resources (ASX: SLR), the new owner of the Sugar Zone mine in northern Ontario, is prepared to invest between $31.2 million and $41.1 million over the next two years on operational improvements and cost reductions on the struggling project, the company said in its recent quarterly report.Silver Lake acquired Sugar Zone in February after winning the bid for the mine's previo...Read More
Denison Mines (TSX: DML) has achieved a key milestone in the advancement of its Wheeler River uranium project in Saskatchewan with the completion of metallurgical test work to define the mechanical components for the planned processing plant at the Phoenix deposit. The metallurgical program has confirmed the ability to produce a yellowcake product that meets industry standard ASTM C967-13 s...Read More
There are few things that are more alluring and exciting than a diamond - but one of them is a significant new diamond discovery. Now those are truly rare. In Canada, we haven't had a significant diamond discovery for years - and the current lack of spending on exploration makes one less likely to happen in the future. Globally, exploration for diamonds has nearly ground to a halt. In Canada...Read More
Seabridge Gold (TSX: SEA; NYSE: SA) has announced results of a preliminary economic assessment (PEA) for a potential copper-rich underground mine at its 100% owned KSM project located in northern British Columbia. The PEA represents a standalone mine plan that has been undertaken to evaluate a potential future expansion of the KSM mine to the copper-rich Iron Cap and Kerr deposits after its prefea...Read More
Baffinland Iron Mines has sent termination notices to over 1,100 workers at Mary River iron ore mine, in Nunavut, as the company's request to increase production to 6 million tonnes through to the end of the year and an expansion application have yet to be answered.The operation on the northern tip of Baffin Island suffered a major blow in May after a review board advised against an expansion on e...Read More
Share this articleVANCOUVER - Canagold Resources Ltd. [CCM-TSX, CRCUF-OTCQB, CANA-FRA] has appointed a new CEO and director following the resignation of Scott Eldridge.Following the completion of an executive search, the company said its board of directors has approved the appointment of Catalin Kilofliski as CEO and Mike Doyle as director. Both appointments took effect on August 3, 2022.On Thur...Read More
Last week, solar stocks soared after Sens. Chuck Schumer and Joe Manchin announced they reached a deal on a new climate spending package.That deal includes $369 billion for "climate and clean energy provisions."The market responded to that news by rewarding a number of solar stocks, including:Sunrun (NASDAQ: RUN)Sunnova Energy (NYSE: NOVA)SunPower (NASDAQ: SPWR)SolarEdge (NASDAQ: SEDG)Enphase Ener...Read More
The Joe Rogan Experience, Released on 8/4/22Jeremy Corbell is an artist, UFOlogist and investigative filmmaker. Some of his films include "Bob Lazar: Area 51 & Flying Saucers," "Hunt for the Skinwalker," and "Patient Seventeen." https://www.extraordinarybeliefs.com/Interesting UFO discussion between Jeremy Corbell and Joe Rogan added by Herman James on 08/03/2022View all posts by Herman James ?+'Read More
Stansberry Research, Released on 8/4/22On this episode of Making Money With Matt McCall, Matt sits down with a legendary investor, Jim Rogers. He's one of the most recognizable figures in the investment world, known for his success and around-the-globe adventures. They talk about Jim's latest call on the markets... and it's a big one. Matt and Jim have an animated debate about his latest predictio...Read More
In Gold We Trust, Released on 8/4/22During the call, we talked about:-Views on recent Federal Reserve policy-In debt discussion on current inflation dynamics-How will quantitative tightening and rate hikes effect inflation and the economy?-Incrementum Inflation Signal and its implication on portfolio management-How will Federal Revere policy effect gold and silver?-When will we see the Federal Res...Read More
CNBC, Released on 8/3/22Stephen Roach, a senior fellow at Yale University, says U.S. House Speaker Nancy Pelosi's visit to Taiwan is occurring in the context of a "sharply deteriorating" relationship between the United States and China, which is "making matters worse."Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Ja...Read More
Silver Bullion TV, Released on 8/4/22SBTV spoke with Jim Rogers, chairman of Rogers Holdings Inc, about nations with exponentially increasing debt will suffer more pain in the years ahead as the world pivots from west to east.00:00 Introduction01:20 On the disastrous debt path05:17 Power shift from west to east08:55 Gigantic money printing12:12 Fed at the mercy of the market14:58 Repeat of 70's st...Read More
Fat Tail Investment Research, Released on 8/4/22Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of the first ever financial war games conducte...Read More