The Nasdaq-listed firm earned lower-than-expected royalty revenue from its Cortez, Voisey's Bay, Canadian Malartic and Robinson interests.Read More
Alicanto wows with maiden resourceSPONSOREDalicanto mineralsSavannah eyes major Li production in PortugalSPONSOREDsavannah resourcesMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDTwo quarters of contracting US GDP have triggered a debate about whether the world's largest economy is in the midst of a recession and whether the central bank needs to shrink demand still moreRead More
News: Diamond market quiet. Deep concerns about trading slowdown and prospects for 2H. US retail steady; jewelers cautious about buying large amounts of inventory. China sluggish amid rising geopolitical tensions and economic uncertainty. Mumbai IIJS show opens with spotlight on domestic jewelry market, exchange rate volatility, and rough supply. Rough trading stable as Alrosa's isolation spurs d...Read More
RAPAPORT... The Responsible Jewellery Council (RJC) has appointed industry veteran Satta Matturi to its board of directors.Matturi, who founded and runs the brand Matturi Fine Jewellery, also has a consultancy business offering business advice to the trade, including on rough procurement and polished sourcing. Earlier in her career, she spent 17 years working in diamond sales and rough valuation,...Read More
RAPAPORT... Canadian diamond manufacturer HRA Group has made its first splash in the lab-grown market, securing an exclusive partnership with Texas-based producer Plasmability.HRA, a former De Beers sightholder, will cut and polish Plasmability's rough and distribute the finished stones to the market, the companies said in a statement Wednesday.Plasmability uses the chemical vapor deposition...Read More
(IDEX Online) - Dozens of jewelry items and watches that Elvis Presley and other gave to his manager, Colonel Tom Parker, are being sold.The online auction, by Kruse GWS Auctions, in Los Angeles, runs until 27 August.Parker represented Elvis from 1956 until the singer's death in 1977 - and received more than half his income.The collection was considered "lost" for decades, but was assembled f...Read More
(IDEX Online) - Switzerland yesterday banned the importation of gold and other metals from Russia as the war in Ukraine continues.The government has outlawed the "buying, importing or transporting gold and gold products from Russia".Switzerland refines as much as 70 per cent of the world's total gold output and its watchmaking industry is a significant consumer.The country, traditionally take...Read More
(IDEX Online) - LVMH saw H1 revenue rise by 28 per cent, to $37.3bn, as Tiffany & Co. enjoyed an "excellent" half-year.The French luxury conglomerate said all its business groups achieved double-digit organic revenue growth over the period.Watches and jewelry grew by 16 per cent and they saw a 26 per cent increase in profit from recurring operations, up to $1bn for H1 2022."Tiffany & Co. e...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for the June Trade Deficit was $82.2 billion versus $85.6 billion in May. Actual was $79.6 billion. Consensus for Weekly Jobless Claims was 260,000 versus 254,000 last week. Actual was 260,0...Read More
Several Canadian-listed gold producers released second-quarter results after market close on Wednesday in what can perhaps best be described as a mixed bag.Vancouver-based major B2Gold (TSX, NYSE: BTO) posted a better overall cost profile than expected for the three months to June.Total gold production of 223,623 oz. gold, (including 14,765 oz. of attributable production from its 15.2% holding in...Read More
Torex Gold Resources (TSX: TXG) shares saw a nearly 15% bounce in trading today after the Mexico-focused miner posted second quarter results that beat analysts' expectations. The company produced a total of 123,185 oz. gold at its El Limon Guajes mine (ELG), in Guerrero state, putting it on track to meet its full year production guidance of 430,000 to 470,000 ounces. In spite of continued infl...Read More
Iamgold (TSX: IAG ; NYSE: IAG) on Wednesday announced another increased estimate of capital expenditures for its 70%-owned C??t?(C) gold joint venture in northern Ontario that it holds with Sumitomo Metal Mining (30%). The Toronto-based miner said in a news release that the remaining costs to complete construction and bring C??t?(C) into production would come to more than US$1.3 billion as of t...Read More
Sayona Mining (ASX: SYA; OTC: SYAXF) has further advanced its planned restart of spodumene production at its North American Lithium (NAL) operation in Quebec, with approximately 30% of plant and equipment upgrades now completed. It remains on track to deliver first concentrates in the first quarter of 2023."It is extremely pleasing to see the rapid progress at NAL as we ramp up towards the recomme...Read More
Shares in Condor Gold ((TSX: COG; LSE: CNR) jumped on Thursday after unveiling final metallurgical tests results for its flagship La India open pit gold project in Nicaragua, which it said "provide confidence" in recovery rates ahead of a definitive feasibility study.The results indicate a metallurgical recovery of 91% over the life of mine, assuming a 75-micron grind size, the company said.At...Read More
Explore streaming news video about small-cap companies in Canada and the U.S.New videos are produced daily focused on key market news.Read full newsRead More
Giga Metals (TSXV:GIGA) is a Canadian-based mineral exploration company with one of the largest undeveloped nickel-cobalt sulphide deposits in the world.Read full newsRead More
Granada Gold Mines CEO Frank Basa joined Steve Darling from Proactive to share news the company is reporting the first rubidium mineral resource estimate at ...Read full newsRead More
Well, it's official...The U.S. is in a recession.Hate to say I told you so.But what is a recession, anyway?Here's the official definition from the dictionary before it gets rewritten: two consecutive quarters of negative GDP growth.Don't let anyone tell you otherwise.But for some reason, the White House refuses to admit we're in a recession, even though that's what the data told us...Read More
Rio, Winning Consortium Simandou (WCS) and the Guinean government have incorporated La Compagnie du TransGuinéen (The TransGuinean Company) to further progress plans to co-develop the multi-purpose and multi-user infrastructure for the project.Rio and WCS will each hold 42.5% of La Compagnie du TransGuinéen, while the government will have a 15% free-carried interest.It comes after a...Read More
Well, I was wrong. It turns out that oil didn't hit $1 million per barrel in July. Imagine our shock when the price of oil didn't go that high. But you know what? It didn't hit $400 per barrel like former Russian President Dmitry Medvedev warned was imminent should countries impose a price cap on Russian oil, nor did it hit the $380 per barrel that J.P. Morgan was calling for in the headlines t...Read More