Summit News, Released on 9/8/22A poll conducted by WPA Intelligence has found that almost one quarter of Democratic voters believe that "some men can become pregnant."Twenty-two percent of Democrats overall agreed with the statement.Continue... Poll: Almost A Quarter Of Democrats Believe Men Can Get Pregnant added by Herman James on 09/08/2022View all posts by Herman James ?+'Read More
TheHappyHawaiian - Twitter, Released on 9/7/22LBMA #silver inventories dropped another 3.6% last month!The #silverdrain continues!And remember, a significant portion of this is allocated to ETFs like $SLVLBMA: "These figures provide insight to LBMA's ability to underpin the physical OTC market"That ability is falling https://t.co/ZjJ39rVyRu pic.twitter.com/I8tUSZpG5H- TheHappyHawaiian (@ThHapp...Read More
BacTech Environmental Corp. realized much of the land for its Ecuador bioleaching plant isn't needed yet, so it is letting local workers continue to farm thousands of cocoa trees. While BacTech Environmental Corp. (BAC:CSE;BCCEF:OTC;OBT1:FRA) continues to wait for its environmental permit for its new bioleaching plant in Tenguel, Ecuador, the company is working with local farmers to make sure they...Read More
The discovery of a gold vein can dramatically change the outlook for a gold project. So when an un-drilled gold vein is discovered outcropping at surface at a gold project with a defined resource, it certainly warrants further investigation.Summer intern Zachary Davis (left) and NevGold Vice-President of Exploration Derick Unger stand above a previously mined adit at the Nutmeg Mountain Project in...Read More
In light of this weekend's rejection of a new constitution by the Chilean government, expert Clive Maund shares his view on how he believes this will impact companies within the region.The new leftist government in Chile tried to foist an extreme communist-style new constitution on Chile, which was soundly rejected in a referendum at the weekend. This has bought time for the country, but having be...Read More
Expert Clive Maund reviews the 6-month chart for Dakota Gold Corp. in light of its retreat in recent weeks. This is believed to be a good point to buy or add to positions in Dakota Gold Corp. (DC:NYSE American) after its retreat in recent weeks back to what is believed to be an intermediate cyclical low at a zone of strong support.Two 6-month charts for it are presented below because I cannot fit...Read More
Powell’s speech at the Jackson Hole symposium confirmed his hawkish stance, sending gold prices towards $1,700.Markets Were Quick to React to Powell’s SpeechJackson Hole is behind us! What have we learned from Powell’s remarks at this year’s symposium? Well, the Fed Chair delivered a decisive and firm speech that reinforced the Fed’s hawkish stance and put to rest bel...Read More
Both gold and silver’s results sagged,but gold stocks are the worst performers so far. What is this decline leadingto?Gold moved visibly lower yesterday,silver closed at the second-lowest level in over 2 years, and miners (both GDX and GDXJ) formed theirlowest daily close in over 2 years! If someone has chosen to take shortpositions, profits have increased. Let’s take a closer look at...Read More
A recession is coming – but will it really be positive for gold? After all, the yellow metal plunged in 1980, despite an economic downturn.Recession and StagflationEveryone says that the upcoming recession and stagflation will be good for gold. However, will they really? Some doubts also arose in my mind, so let’s investigate them. I, of course, don’t dispute that gold soared in...Read More
It's all starting to come apart at the seams...by Rafi Farber via Arcadia EconomicsIf you want to add to your silver stacks this week, it's going to cost you at least a 40% premium. Demand for physical silver just keeps climbing. Meanwhile the electricity markets in Europe are getting squeezed and looking more and more like nickel from back in March.This is what it happens when paper and physical...Read More
The combined project would produce 193,000 ounces a year of gold for 24 years at an all-in sustaining cost of US$1,073/oz following an initial capital investment of C$517 million, at a US$1,600/ozRead More
Hole 136 intersected 1.1 meters of 1,625 g/t silver equivalent contained within 47.6m of 147 g/t, the firm said.Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipNorth Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metals"We are seeing classic VMS textures and zonation of metals, resulting in a significant transition from copper-rich to zinc-rich throughout the reported inte...Read More
The contract, awarded to CIMIC Group company Sedgman, was for C$318 million (US$243.Read More
The $481 million financing includes $116 million of equity, $75 million in debt, a $250 million gold stream, and $40 million in equipment financing.Read More
The increase in projected capital and also operating costs was from its pre-feasibility study cost estimate made in July, 2021.Read More
News: US market optimistic as holiday season approaches. Sales not expected to match 2021, but jewelers seeing steady interest as consumer confidence improves. Memo houses selling well. Luxury jewelry doing better than commercial qualities. International dealers and manufacturers cautious. China weak amid new Covid-19 restrictions. Ongoing quarantine for travelers is limiting Far East trade. Poli...Read More
RAPAPORT... The Natural Diamond Council (NDC) has launched a new advertising campaign ahead of the holidays, signing up British actress Lily James as its global ambassador.Under a cloud of funding problems, the industry-wide marketing group has secured James for an initial two-year contract with possible extensions, NDC CEO David Kellie told Rapaport News Wednesday. She is the star of a 45-se...Read More
RAPAPORT... Diamcor Mining garnered $1.6 million from its most recent tender as the average price rose amid the sale of large stones.The company sold 1,837 carats of rough from its Krone-Endora at Venetia deposit in South Africa at an average price of $883 per carat, it said Wednesday. The sale included a 59.35-carat, high-quality diamond. With the exception of that stone, the tender generated $42...Read More
RAPAPORT... Burgundy Diamond Mines has recovered a 1.51-carat, fancy-yellow diamond at its Ellendale Project, the first since it restarted operations at the Australian site.Burgundy discovered the stone at the Blina mine, which lies adjacent to Ellendale and forms part of the joint project, it said Thursday. The find came as the miner reached the final stages of commissioning the deposit. It has n...Read More