Investor Insight: InterGroup MiningSPONSOREDintergroup miningSun shines on Saturn MetalsSPONSOREDsaturn metalsEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdWith all projects meeting their schedules, Zijin reported production for the six-month period of 410,000 tonnes copper and 27 tonnes gol...Read More
Investor Insight: InterGroup MiningSPONSOREDintergroup miningSun shines on Saturn MetalsSPONSOREDsaturn metalsEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdGlencore's CEO Gary Nagle said last year the company was reviewing the future of its 49% in Viterra with a view to unlocking value, and...Read More
RAPAPORT... Titan Company's diamond-sourcing costs have jumped in the past eight months, prompting the Indian retailer to pass price increases on to shoppers, its top jewelry executive said.The jeweler raised consumer prices in November 2021, January 2022 and March 2022 in response to higher procurement expenses, reported Ajoy Chawla, CEO of the company's jewelry division, in an August 5 inve...Read More
RAPAPORT... Sarine Technologies has started enabling manufacturers to carry out automated diamond grading on-site using artificial intelligence (AI).The company has launched its e-Grading product for an "expanded number" of cutting firms, it said Monday.The Israeli producer of equipment for the diamond industry unveiled its plans for in-house grading in March 2020 and began testing it with se...Read More
RAPAPORT... Pandora will introduce lab-grown diamonds in North America later this month following a trial in the UK, the jewelry retailer announced Tuesday.The line will be available from August 25 across 269 of its stores in the US and Canada, as well as online, the company said. Prices will start at $300, with stones ranging from 0.15 carats to 1 carat. It will include 33 pieces comprising...Read More
Investor Insight: InterGroup MiningSPONSOREDintergroup miningSun shines on Saturn MetalsSPONSOREDsaturn metalsEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltd"The transaction makes strategic sense as shareholders will benefit from jurisdictional and project risk diversification, enhanced finan...Read More
(IDEX Online) - An Australian professor is using laser technology to identify "stray" Argyle pink diamonds.John Watling, a former Argle physicist and Professor of Forensic and Analytical Chemistry at University of Western Australia has set up a lab in Perth that "fingerprints" diamonds.It allows him to trace them back to their original source - not just the mine, but the individual kimberlite pipe...Read More
Investor Insight: InterGroup MiningSPONSOREDintergroup miningSun shines on Saturn MetalsSPONSOREDsaturn metalsEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdThe Q2 profit compares to a loss of $108.6 million for the same period in 2021 and includes the company's share of profit from the Kamoa...Read More
(IDEX Online) - Tiffany & Co has announced a gender-neutral range of diamond and gold bracelets.It follows the launch last May of its first range of engagement rings for men, recognizing the rise in same-sex marriages.The new Lock collection, released on Tiffany's e-commerce site last Friday, is designed a round a padlock motif as a symbol of togetherness.The four bracelet styles, priced...Read More
(IDEX Online) - Pandora today announced the launch of a lab grown diamond collection in the US and Canada, following its announcement last May that it would no longer use mined gems.The Danish jewelry giant also says the 33-item collection, branded as Pandora Brilliance is its first using 100 per cent recycled silver and gold.Pandora, the world's largest jewelry brand, with 6,800 points of sa...Read More
(IDEX Online) - Raiders broke open the safe at an Indian polishing unit and stole over 16,000 diamonds.They struck while it was closed for the Raksha Bandhan festival on 11 August.The factory in Dediapada, 70 miles from Surat, employs 100 workers in an area dominated by tribal communities.The raid came to light when a manager went to open the factory after the festival and found the main doors had...Read More
Investor Insight: InterGroup MiningSPONSOREDintergroup miningSun shines on Saturn MetalsSPONSOREDsaturn metalsEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdThe $25 per share proposal was sent to ASX-listed OZ on August 5 and disclosed on August 8, with OZ rejecting it as inadequate and denyi...Read More
Investor Insight: InterGroup MiningSPONSOREDintergroup miningSun shines on Saturn MetalsSPONSOREDsaturn metalsEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdThe credit ratings agency said the view is based on Glencore's financial policy and low debt, which allows it the flexibility to absorb...Read More
(Updates prices) By Eric Onstad LONDON, Aug 16 (Reuters) - Zinc prices hit their strongestin two months on Tuesday after production was suspended at aDutch smelter because of high power prices, stoking fears ofshortages. Benchmark zinc on the London Metal Exchange (LME)jumped by as much as 7.2% to its highest price since June 9 at$3,819 a tonne, representing the biggest one-day gain since lastOcto...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points in pre-opening trade.Index futures were virtually unchanged following release of the July U.S. Housing Start report at 8:30 AM EDT. Consensus was a decline of 2.5% from June. Actual was drop of 9.6%.The Canadian Dollar was virtually unchanged at US77.49 cents following release of Canada's July Consumer Price...Read More
Pure Gold Mining (TSXV: PGM; US-OTC: LRTNF) management was fielding uncomfortable questions from concerned shareholders during a conference call Tuesday following the company's release of what investors termed a 'tortuous' second-quarter operations update and financial report.While the company cited an expected "significant improvement in production" in the third quarter, it says it remains on tra...Read More
Suddenly, the United States is getting serious about climate change, the green energy transition and the supply of critical minerals needed to make it happen.The Inflation Reduction Act, passed in early August, contains US$430 billion in spending - about US$280 billion of that focused on clean energy incentives intended to fight climate change and speed up adoption of EVs and renewable energy.This...Read More
Many miners have raised their unit cost guidance during their June-quarter financial reporting, signalling an intensification of a trend BMO Capital Markets Metals & Mining analyst Jackie Przybylowski first picked up on during the first quarter this year.On a by-product basis, the analyst attributes the cost inflation mainly to higher primary product commodity prices (which would raise royalty cos...Read More
Galleon Gold (TSXV: GGO) is making progress in permitting of a bulk sample and other activities at its 100% owned West Cache gold project in Timmins, Ont., with the company beginning engineering work that will provide a basis for tendering the mining work and a closure cost estimate and recovery plan as per provincial regulations.West Cache is situated in the western Porcupine gold camp along the...Read More
Benchmark Metals (TSXV: BNCH; OTC: BNCHF) has completed a preliminary economic assessment (PEA) on its flagship Lawyers gold-silver project that presents a robust open pit mining scenario with attractive economics at base case gold and silver prices.The project's after-tax net present value (at 5% discount) is estimated at $577 million, with an internal rate of return of 23.5% and 2.7-year payback...Read More