The dramatic change to the commodity landscape in recent years seems to have created somewhat of a power vacuum for the relative upstart commodity and spurred a race to claim the nickel throne.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 minerals"This resources declaration is the fifth largest known mineralized porphyry in Papua New Guinea in terms of pre-mined contain...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 US Court of Appeals for the Circuit of the District of Columbia ruled lawful a prior decision by the US Nuclear Regulator...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 mineralsAdjusted net earnings fell to US$13.49 million for the period, which is down from $74.8 million a year earlier.On a per share...Read More
The stock fell 22% day on day to close the 10 August session at C$6.28/share (US$4.91). It's less than half the value it was in mid-April and at the lowest levels seen since January 2019.The company recorded an adjusted net loss of US$36.2 million from continuing operations for Q2, which is down 146% from earnings of $49.9 million for the same period last year.On a per share basis, that was a loss...Read More
Investment mainly went to development (54%), exploration (38.4%) and infrastructure (23.4%) said the ministry in its Mineral Statistics Bulletin.Read More
The firm posted adjusted earnings per share (EPS) of minus $0.03 in the second quarter, lower than the market consensus of $0.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 mineralsCairns disclosed his copper market view while speaking to investors recently about his exploration endeavours in western Vict...Read More
News: Diamond market cautious amid China slowdown and US economic uncertainty. Polished prices declining. Inventory remains high. IIJS show reflects upbeat Indian jewelry market and spurs optimism for Diwali. Cutters maintaining lower production and anticipate strong demand for De Beers rough at next week's sight. Speculation that large manufacturers able to purchase Alrosa rough through non-doll...Read More
RAPAPORT... Israel's diamond exports saw a rare decline in July amid a slowdown in the global market.Polished shipments out of the country - after returns of unsold goods - fell 7% year on year to $296.6 million for the month, the Ministry of Economy and Industry reported last week. The volume of exports dropped 12% to 131,799 carats, and the average price increased 6% to $2,251 per carat. Wh...Read More
RAPAPORT... Lucara Diamond Corp.'s profit more than doubled year on year in the second quarter amid strong demand and a higher proportion of proceeds coming from the sale of polished diamonds through its supply contract.Net profit reached $12.5 million for the three months ending June 30, compared with $6 million the year before. Revenue jumped 13% to $52.3 million, the company said Wednesday. Whi...Read More
RAPAPORT... Mountain Province's net profit rose 1% year on year to CAD 22.6 million ($17.6 million) in the second quarter as the global diamond market rebounded and rough prices firmed.Sales jumped 30% to CAD 97.8 million ($76 million), the Canadian miner reported Tuesday. The company registered an average selling price of $130 per carat for the three months, 78% higher than a year earlier. T...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 mineralsOn a per share basis, the company recorded a loss of $0.09, with that having dropped for a loss of $0.03 a year earlier.Canac...Read More
RAPAPORT... The State Bank of India (SBI) has begun financing synthetics producers and is thought to be the country's first lender to draw up a formal policy for the sector.The government-owned bank will fund purchases of equipment such as growing machines, a source at SBI told Rapaport News Wednesday on condition of anonymity. It will not yet finance the procurement of lab-grown rough. Lendi...Read More
(IDEX Online) - A necklace set with 35 green jadeite beads and 7.70-cts of white diamonds sold for $2.3m at Sotheby's Hong Kong.It was the top seller in an Important Jewels auction that realized a total of $18.1m.Jadeite, a more valuable form of jade, is among the priciest of gemstones, and can be more expensive than diamonds.In 2014, a jadeite bead necklace that belonged to Woolworth he...Read More
(IDEX Onlie) - Lucara says profits more than doubled for the last quarter, up from $6m to $12.5m as the strength of the market outweighed economic uncertainties.The Canada-based miner reported a 13 per cent increase in revenue for the three months ending 30 June, up from $46.3m to $52.3m (figures are US dollars).It said strong rough and polished diamond market fundamentals were continuing, despite...Read More
(IDEX Online) - Staff at jewelry stores in Auckland, New Zealand, have been targeted in a series of brutal raids in recent weeks.A worker is receiving counselling for the trauma, and one owner has closed their store as a result, according to the Stuff news website.Video from one raid (see pic) shows perpetrators running to their getaway car in broad daylight. One of them, armed with a ha...Read More
(IDEX Online) - Mountain Province saw profits almost static (up by less than one per cent) during the last quarter as higher per-carat prices made up for a steep fall in sales volume.The Canada-based miner said carats sold during the three months ending 30 June were down 18 per cent, year-on-year, but the average price per carat leapt from $82 to $131, (figures are US dollars) an increase of almos...Read More
State copper company Codelco saw a 7.9% to 782,900 tonnes from 850,200t a year ago, including an 11.4% drop at its Chuquicamata and northern mines to 361,700t from 408,300t a year ago.Read More
Revenues for the first half of 2022 were down 30% to US$2.53 billion from US$3.59 billion in the first half of 2021.Read More