North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDWesthaven has also agreed to sell its Franco-Nevada the Talisker Resources NSR for $750,000, which was originally granted to Westhaven by Sable Resources.And Franco-Nevada has agreed to subscribe for 2.5 million...Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDLast week, Benchmark Mineral Intelligence (BMI) sent out a message saying the world needed over 384 new mines by 2035 to keep up with demand for lithium ion batteries.Read More
News: Diamond market uncertain as prices continue decline amid sluggish trading. Program goods, including nice SIs and oversizes, doing better than lower qualities. Discretionary spending squeezed as Aug. US inflation +8.3% from a year ago and stock market plunges. Rising expectations for holiday season with pent-up demand for in-store shopping. Mastercard projects Nov.-Dec. US jewelry sales +2.2...Read More
RAPAPORT... Former Tiffany & Co. design executive Reed Krakoff has joined jewelry brand John Hardy as its creative chairman.Krakoff has also been appointed strategic adviser to L Catterton, a private-equity firm that owns a majority stake in the boutique jeweler.Canadian artist John Hardy founded the business in 1975, inspired by the jewelry traditions of Bali. It employs more than 500 cr...Read More
RAPAPORT... Sotheby's will offer a set of unmounted pear-shaped diamonds for up to HKD 55 million ($7 million) at its jewelry sale in Hong Kong next month.The 31.46- and 30-carat, D-flawless stones will be among the top lots at the October 7 Magnificent Jewels sale, Sotheby's said Wednesday. Two jadeite necklaces will also lead the sale. The first, set with 41 rare imperial green jadeite beads and...Read More
RAPAPORT... Lightbox has been selling lower-quality lab-grown diamonds at a reduced price of $600 per carat for many months, the De Beers-owned company confirmed this week.The Lightbox Basics line has been "around for a while" and was originally branded as Lightbox Outlet, a spokesperson told Rapaport News in an email. It offers white lab-grown diamonds with SI clarity, "faint" color and "ver...Read More
RAPAPORT... BlueRock Diamonds has appointed Victor Dingle as CEO following a financing deal that saw his company, Teichmann Group, become a majority shareholder.Dingle, who is the CEO of Teichmann, will replace Mike Houston, who will leave immediately, BlueRock said Wednesday. BlueRock's finance director, David Facey, is also expected to exit the company, which owns the Kareevlei mine in South Afr...Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSORED"When you look at mining in a modernised context, you have to be moving multiple pieces of infrastructure.Read More
(IDEX Online) - Belgium's prime minister yesterday told industry leaders that he remained opposed to sanctions on Russian diamonds.Alexander De Croo was addressing delegates at the two-day Facets 2022 convention in Antwerp, where Bruce Cleaver, CEO of De Beers, and Mokgweetsi Masisi, president of Botswana, were also among the speakers.Mr De Croo, (pictured) has repeatedly said his country wou...Read More
(IDEX Online) - Diamond Standard, the fintech startup that has turned diamonds into a market-traded commodity, has closed on a $30 million investment round.The US-based company launched an IPO last February, offering the first 5,000 diamond standard coins (pictured), weighing 4.5 carats for $5,000 each.It is standardizing diamond values with the coins - and now also with bars - which each contains...Read More
(IDEX Online) - At least three people died when a dam holding waste from a disused diamond mine burst in South Africa.Houses were swept away by a devastating mudslide and floodwaters at Jagersfontein, about 60 miles from Bloemfontein, in Free State province, at dawn on Sunday.An estimated 300 people have been left homeless as the area was covered in grey sludge from the tailings dump. Twenty-three...Read More
(IDEX Online) - The "courtesy watches" provided by Hublot to its customers have proved to be a victim of their own success.Owners have been so taken with the loan replacements - clearly marked "NOT FOR SALE" on the face - that they've held onto them and forfeited the timepiece they sent for service or repair.The black composite Atelier (French for workshop) with its quartz movement, has becom...Read More
At Santa Cecilia, Torq recently signed a seven-year social access agreement, allowing drilling and other exploration activities to commence in one of the most prospective districts in Chile.Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were up 1 point at 7:30 AM EDT.A tentative labour agreement between railway companies and their unions was reached this morning.A series of U.S. economic news is scheduled to be released before the opening todayAugust Retail Sales released at 8:30 AM EDT are expected to increase 0.5% versus a gain of 0.8% in July. Excluding aut...Read More
Stocks stabilized today after yesterday's bloodbath, the market's worst day in over two years. But if you're tempted to "buy the dip," I'd think twice. The worst may be yet to come. Here's a little tip:A colleague has informed me that institutional traders - not mom and pop retail investors - have recently taken out over $8 billion in "crash protection." That's a record high.The last time we saw s...Read More
Welcome to the Market Herald Video Q&A Podcast. I'm Brieanna McCutcheon. With...Read full newsRead More
"When the whole world is running towards a cliff, he who is running in the opposite direction appears to have lost his mind."- C.S. LewisDear Outsider,I want you to pay close attention to the quote above.It's how we operate here at Outsider Club.When the greedy Wall Street bankers go one way, we like to run as fast as we can in the opposite direction.Take the latest story out of Morgan Stanley, f...Read More
Agnico Eagle will subscribe for US$580 million of Teck's Minas de San Nicolás (MSN) which owns the San Nicolás project under the transaction, giving it a 50% interest in MSN.Read More
Share this article VANCOUVER - Agnico Eagle Mines Ltd. [AEM-TSX, NYSE] has agreed to subscribe for a 50% interest in Minas de San Nicolas, SAPI de CV, a wholly owned subsidiary of Teck Resources Ltd. [TECK.A, TECK.B-TSX; TECK-NYSE] which owns the San Nicolas copper-zinc development project located in Zacatecas, Mexico. As a result of the Transaction, Teck and Agnico Eagle will become 50/50 joint...Read More
We spoke with, John Lee, who is CEO of Flying Nickel Mining Corp. (TSX-V: FLYN; OTCQB: FLYNF), a premier nickel sulphide mining and exploration Company, advancing its 100% owned Minago Nickel project, in the Thompson nickel belt, in Manitoba, Canada. The combined open pit and underground mineral resource estimate, published in 2021, includes a Measured and Indicated mineral resource of 44.23 milli...Read More