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
(IDEX Online ) - An 11.15-ct pink diamond described as "rare masterpiece of nature" is to be sold in a single-lot auction in Hong Kong with a $21m estimate.The cushion cut Williamson Pink Star (pictured), named after the Petra mine in Tanzania, is the second largest internally flawless fancy vivid pink diamond to ever appear at auction.It was sold last December as a 32.32 carat pink rough gem for...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade.Equity index futures were unchanged after the European Central Bank raised its lending rate to major banks by 0.75% to 1.25%.Game Stop advanced $2.51 to $25.55 after reporting a smaller than expected quarterly loss. Wedbush lowered its target price from $7.50 to $6.00.American Eagle Outfitter...Read More
The release of a feasibility study today brings Skeena Resources (TSX: SKE, NYSE: SKE) one step closer to resuming production at its high-grade Eskay Creek gold-silver project in British Columbia's Golden Triangle. The feasibility study forecasts an after-tax net present value of $1.4 billion at a base case of US$1,700 per oz. of gold and US$19 per oz. of silver using a discount rate of 5%. It pr...Read More
Fresh off its early August listing on the TSX Venture Exchange, NiCAN Ltd. (TSXV: NICN) has released results from its first two drill holes at its Wine project in Manitoba. Hole 22-05 intersected three distinct zones of mineralization, including 27.3 metres at 2.01% nickel, 1.81% copper, 0.09% cobalt, 0.2 gram gold per tonne and 0.28 gram palladium (or 2.61% nickel equivalent) from 43 metres d...Read More
Moneta Gold (TSX: ME; OTC: MEAUF) has released positive results from a preliminary economic assessment (PEA) for its wholly owned Tower gold project in Timmins, Ont., that demonstrates the viability to develop a combined open pit and underground operation with strong economics.As outlined in the PEA, Tower is a low-capital intensity project with initial costs of $517 million for a 7-million-tonne...Read More
Denison Mines (TSX: DML) has reported encouraging assays from drilling completed during winter 2022 at the McClean Lake property, which have resulted in a significant expansion of the high-grade uranium mineralization discovered in April 2021. McClean Lake is a joint venture project (known as MLJV) owned 22.5% by Denison.The 2022 diamond drilling program was conducted by Orano Canada - the project...Read More
Operations at Equinox Gold's (TSX: EQX; NYSE: EQX) Los Filos mine in Mexico have been suspended as the result of a blockade by members of the nearby Mezcala community, the company said on Thursday.The move, qualified by the Canadian miner as "illegal," is preventing the delivery of certain supplies that are required to maintain Los Filos running, it said.Equinox will engage with community leaders...Read More
Canada's Rio2 (TSXV: RIO; US-OTC: RIOFF) is appealing the rejection of the environmental impact assessment (EIA) for its Fenix gold project in Chile's northern Maricunga region, arguing the dismissal is not consistent with the environmental assessment process that took place over the past two years.The miner says it has identified numerous discrepancies with factual and procedural matters in the d...Read More
Formal study in 2023Read full newsRead More