But some believe the Federal Reserve could still surprise markets with a full percentage point increase and hawkish messaging, moves which could potentially lead to further selling in gold - alreadyRead More
Under the new programme Kinross will buy back US$300 million in shares over the remainder of 2022 and in 2023 and 2024, allocate 75% of its excess cash (free cash flow after paying interest andRead More
Initial estimates are that production at Elkview Operations will be interrupted for 1-2 months as repairs are implemented, the firm said.Read More
RAPAPORT... Lucapa Diamond Company has recovered a 131-carat, type IIa diamond at its Lulo deposit in Angola. The rough is the 29th stone of 100 carats or more that the miner has unearthed at the site, and the fourth on that scale since the start of the year, it said Wednesday."Angola has proven, yet again, its enormous diamond potential," said Diamantino Azevedo, the country's minister of mi...Read More
RAPAPORT... More than 100 extremely rare timepieces from a single owner will make their auction debut at a Christie's sale later this year.The 112 watches were collected over a 40-year period and include some of the earliest pieces by Patek Philippe, Rolex and other well-known makers. The sale, called Legendary and Unique Watches: The Collection of a Lifetime, will take place on November 6 an...Read More
RAPAPORT... Grib Diamonds, which markets rough from one of Russia's largest mines, has canceled next month's auction after a bank blocked customers' payments at a previous sale."In order to avoid a similar situation during the next auction, and due to the fact that Grib Diamonds has no influence on the payment routes of its clients, it was decided to postpone the upcoming auction in Dubai," s...Read More
RAPAPORT... Retail jewelers must give a more honest account of the contribution natural diamonds make to communities and the environment or risk having mistruths embedded in the consumer psyche, industry analyst Kieron Hodgson cautioned on the Rapaport Diamond Podcast. "Retail outlets are willing to portray natural diamonds as something that is not a benefit to the industry whereas lab grown is th...Read More
(IDEX Online) - A Canadian company has produced the country's first lab grown diamonds.Groupe RSL has opened a factory in Quebec using hydroelectric power to produce gems using what it describes as a unique version of the CVD process."Recent research has brought to light a new idea, using hydrogen and methane gas in a controlled reaction," said Luke Sinclair, the company's CFO."Consumers...Read More
(IDEX Online) - Lucapa says it has recovered its fourth +100 carat diamond this year at its Lulo mine, in Angola.The Australian miner describes the Type IIa 131-ct stone as "spectacular". It's the 29th +100 carat diamond recovered since the deposit - which has both alluvial mining and kimberlite exploration - started commercial production in 2015. It jointly operates Lulo with its partne...Read More
Talk of growth or acquisitions was not on the agenda of the large gold miners, instead favouring themes of prudent management, capital allocation, discipline, balance sheets and returns to investors,Read More
(IDEX Online) - The Watch & Jewellery Initiative 2030, founded a year ago as a movement for positive change in the industry has announced a raft of new members.Luxury watchmakers A. Lange & S?? ?hne, IWC Schaffhausen, Jaeger-Lecoultre, Panerai and Piaget, as well as Dimexon, Mattioli, Pandora and Rubel & M?? (C)nasch?? (C), have all signed up.They join existing members Cartier, Kering...Read More
Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesZenith Minerals aiming for new heights with lithium focusSPONSOREDzenith minerals limitedNorth Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdMining Journal and MiningNews.Net Critical Minerals reportSPONSORED"Trident has grown rapidly since its inception - both with regards to assets within the portfolio,...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 14 points in pre-opening trade. Focus today is on results from the FOMC meeting scheduled for release at 2:00 PM EDT. Consensus calls for an increase in the Fed Fund Rate by 0.75% and continuation of a program to reduce the Federal Reserve's balance sheet by $95 billion per month.Berkshire Hathaway added $0.27 to $277....Read More
The Fed kicked off its two-day meeting today in Washington. The most likely outcome is a 0.75% rate hike, which would bring the Fed's target rate to between 3-?? 3.25%.The stock market was down significantly today ahead of tomorrow's announcement. Importantly, the 10-year Treasury yield rose to 3.57% today, the highest level in over a decade.Rising yields are especially bad for growth stocks, whic...Read More
Virtual core shack visit planned for September 21, 2022 at 4:00 pm EDTPrismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) (theRead full newsRead More
Proponents of green energy encourage a transition towards wind turbines and solar panels to displace conventional electricity generation using fossil fuels. That scenario will likely mean that a significant number of newly-built nuclear power plants will also be needed in order to provide the baseline electrical supply to keep everything functioning.Need nuclear energy to transition to green energ...Read More
Share this articleVANCOUVER - SSR Mining Inc. [SSRM-TSX, NASDAQ, SSR-ASX] said Thursday it has received the required approvals from the Turkish Government and will restart operations at its Copler mine today.The move comes after the company completed improved initiatives at the heap leach pad that were required by the Turkish Ministry of the Environment.At the end of the second quarter the govern...Read More
I've been using ride-sharing services from Uber (NYSE: UBER) and Lyft (NASDAQ: LYFT) for a long time.In fact, outside of New York City, I can't even tell you the last time I used a taxi.They tend to be more expensive, the drivers tend to be less friendly, and the convenience of using my phone to hire and pay for an Uber or Lyft makes the outdated taxi model quite inconvenient. And honestly, I rea...Read More
CNBC, Released on 9/22/22Bleakley Financial Group's Peter Boockvar on yesterday's Fed rate decision. Peter Boockvar is the Chief Investment Officer of Bleakley Financial Group and Editor of The Boock Report newsletter https://boockreport.com/. economy, Fed, interest rates, markets, peter boockvar, stocksEconomy and markets are in a 'danger zone,' says Peter Boockvar added by Herman James on 09/...Read More
Wall Street Silver, Released on 9/22/22Ed Steer joins us today to talk about the COMEX Silver withdrawals continuing as registered totals remain at the lowest levels since 2018. Furthermore, we discuss about Gold, Banks shorting the metals, silver squeeze, and more. Ed Steer is the founder of Ed Steer's Gold and Silver Digest and a director at GATA.org.Ed Steer: Silver From Comex Depleting! Where...Read More