LOL...(by Half Dollar) Recall that it has been one month since the release of the fake, and then the not fake, official inflation report.And if that last "report" wasn't some of the finest performance in World Wide WrestleManiaFest to date, the July 2022 CPI is giving the June report a run for the money.Indeed, according to the BLS, in July of 2022:Prices are up 0.00% from last month.Prices are up...Read More
This resource will form the basis of a new prefeasibility study and updated life of mine plan, which is expected to be released in the December quarter.Read More
Investor Insight: InterGroup MiningSPONSOREDintergroup miningSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedAlicanto wows with maiden resourceSPONSOREDalicanto mineralsAtherley, whose been involved with the mining sector for decades, most recently as former CEO of uranium hopeful Berkley Ener...Read More
Higher global interest rates and the most difficult capital markets since the 2008-2009 financial crisis have made capital raising for many mining firms with development projects challenging and thisRead More
Investor Insight: InterGroup MiningSPONSOREDintergroup miningEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdAlicanto wows with maiden resourceSPONSOREDalicanto mineralsThe company's adjusted net earnings of US$2.4 million in Q2 last year slumped some 280% to a loss of $4.3 million in the quar...Read More
Investor Insight: InterGroup MiningSPONSOREDintergroup miningEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdAlicanto wows with maiden resourceSPONSOREDalicanto mineralsThe program will address "vulnerabilities" in the domestic critical materials supply chain, which are both an economic disadv...Read More
RAPAPORT... Pritesh Patel, chief operating officer at the Gemological Institute of America (GIA), explains the organization's digital strategy in this episode of the Rapaport Diamond Podcast. In a conversation with Rapaport's Avi Krawitz, Patel discusses the GIA's move toward paperless reports, its use of artificial intelligence, the launch of its source-verification service and its general a...Read More
RAPAPORT... US e-commerce spending rose in July as Amazon Prime Day drove record online sales, according to Adobe Analytics.Shoppers shelled out $73.7 billion online during the month, up 21% compared to the same month in 2021. However, that figure is 1% lower than June's $74.1 total and 6% less than the $78.8 million spent in May, Adobe said Tuesday. Prime Day - which historically fuels higher lev...Read More
(IDEX Online) - The State Bank of India (SBI) is to start lending to manufacturers of lab grown diamonds.The move, by the country's largest private lender, is widely seen as boost to an emerging sector. India produces 15 per cent of the world's lab growns, but has been calling on the government to invest and help it grow into $5.1bn-a-year industry.The government-owned SBI has formalized...Read More
(IDEX Online) - India's gem and jewelry trade faces a major "round tripping" probe after it emerged that documented imports of pearls exceeded global production by as much as 10 times.The Comptroller and Auditor General of India (CAG) suspects fraud on a massive scale.It reports evidence of round tripping, when companies sell and buy back the same assets in to artificially increase their...Read More
Osisko Gold Royalties posted higher second-quarter adjusted earnings from its royalty and stream segment of C$25.7 million or $0.14 per basic share versus $23.9 million and $0.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 60 points in pre-opening trade.Index futures moved higher following release of the U.S. July Consumer Price Index report at 8:30 AM EDT. Consensus was an increase of 0.2% versus a gain of 1.3% in June. Actual was unchanged from June. On a year-over-year basis consensus was an increase of 8.8% versus 9.1% in June. Actua...Read More
The interactive VRIFY 3D model visualizes and validates the Project's drilling results, resource potential, proposed pit, and project advancement from initial mining through closure in an immersive, interactive environment. CHEYENNE, Wyo., Aug. 10, 2022 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold," the "Company," "we," "our" or "us") (NASDAQ: USAU) a gold exploration and development company, toda...Read More
Pure Gold Mining (TSXV: PGM) has released an updated mineral resource estimate for its namesake operation in Ontario's Red Lake gold camp, reporting 20% fewer ounces in the resource categories.A new technical report completed by SRK sees the mine's global resource base falling to 2 million oz. from 2.5 million oz. and the average grade reduced to 7.2 grams gold per tonne from 8.7 grams per tonne.T...Read More
St Barbara (ASX: SBM) has released its fiscal 2023 guidance after receiving approval of a tailings raise for its Touquoy gold mine in Nova Scotia. The Australian miner's consolidated gold production is now expected to total between 280,000 and 315,000 oz. at an all-in sustaining cost (AISC) of US$2,050 to US$2,150 per oz.The company's guidance was previously in question as it awaited provincial go...Read More
K92 Mining (TSX: KNT) has released a first resource for its Blue Lake gold porphyry project, only 4 km southwest of its Kainantu mine in Papua New Guinea. Inferred resources total 10.8 million oz. of gold equivalent at 0.61 gram gold equivalent per tonne, based on 549 million tonnes averaging 0.21 gram gold per tonne, 0.23% copper and 2.42 grams silver. The estimate used a 0.4 gram gold equival...Read More
Lundin Gold (TSX: LUG) has raised its production guidance and decreased its cost estimates for 2022, based on strong results in the first half of the year.The Vancouver-based miner now expects to produce between 430,000 and 460,000 ounces of gold, from a previous guidance of 405,000 to 445,000 ounces.All-in sustaining costs (AISC) are forecast to be in the US$820 to US$930 per oz. range, down from...Read More
Precious metals producer Hochschild Mining (LSE: HOC) has been granted a key permit that allows it to build a processing plan and kick off mine pre-stripping at the Mara Rosa gold project in Brazil's central state of Go?-as.The environmental licence also means that the Latin America-focused miner can begin construction of all the required site infrastructure.Chief executive officer Ignacio Bustama...Read More
Iain Fleming Downie, of Thunder Bay, Ont., passed away peacefully with his wife Anne and children Malcolm, Ewan and Andrea by his side on Aug. 5 at the age of 83. Iain was born in Scotland and attended the University of Toronto where he graduated as a PEng geologist. He had a successful career in mineral exploration across North America: a pioneer of diamond exploration in Canada, a recipient...Read More
Investor Insight: InterGroup MiningSPONSOREDintergroup miningSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedAlicanto wows with maiden resourceSPONSOREDalicanto mineralsAs Nathan Richardson describes in this month's cover story, perhaps no mining jurisdiction in the world punches so far above...Read More