Cerrado eyes feasibility study for Brazil assetSPONSOREDcerrado goldTENDER FOR THE EXPLOITATION OF THE BAUXITE BLOCK OF SANTOU (TELIMELE), GUINEASPONSOREDcenter for mining promotion and development (cpdm)Metal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedAren't larger companies looking to snap up producers of metals viewed as essential to an electrified economy?Read More
RAPAPORT... Diamond production at Rio Tinto jumped in the third quarter as the company benefited from taking full ownership of the Diavik mine.The global resources giant assumed possession of the Canadian deposit in November 2021 after Dominion Diamond Mines, which previously owned 40% of the site, hit financial difficulties.As a result, Rio Tinto's share of Diavik production rose 43% year on...Read More
RAPAPORT... US retail sales were flat in September as shoppers faced price hikes, political unrest and an unstable economy.Revenue was unchanged from the month before, compared with a 0.4% month-on-month increase in August, according to data the US Census Bureau released last week. September sales climbed 8% from a year earlier."Consumer demand remained intact during September and continues to be...Read More
RAPAPORT... De Beers veteran Neil Ventura will leave the company amid a raft of leadership changes at the miner.Ventura, who is executive vice president for strategy and innovation, "has decided to move on and pursue other interests," De Beers announced Monday.Ryan Perry, currently head of strategy, will succeed him as acting executive vice president for strategy and innovation and will also...Read More
RAPAPORT... Sotheby's will offer a yellow diamond weighing more than 300 carats at its upcoming New York auction, where it is expected to fetch more than $15 million.The pear-shaped, 303.10-carat, fancy-deep-brownish-yellow stone is one of the largest polished diamonds in the world. It is also the largest flawless or internally flawless diamond ever graded by the Gemological Institute of America (...Read More
(IDEX Online) - De Beers' plans for a diamond mine on Canada's Baffin Island has raised concerns about neighboring Inuit communities, as well as polar bear and caribou populations.The UK-based miner bought the Chidliak Project in September 2018 as part of its purchase of Peregrine Diamonds for C$107m.Wildlife groups are now warning that caribou populations are already in decline and the...Read More
RAPAPORT... Sotheby's will sell a group of eight fancy-blue diamonds from De Beers across its global Magnificent Jewels auctions, expecting the set to bring in more than $70 million.The stones are cut in various shapes and range from 1.22 to 11.29 carats, with a total weight of 32.09 carats, Sotheby's said last week. The polished originates from five rough blues that De Beers and Switzerland-based...Read More
(IDEX Online) - LVMH reports a 23 per cent growth in revenue (16 per cent organic) for it watches and jewelry businesses in the first nine months of 2022.The French luxury conglomerate said growth across all it sectors - including wines and spirits, fashion and leather goods, and perfumes and cosmetics - was 28 per cent for the same period, with a total revenue of $55.6bn.LVMH (Louis Vuitton Moet...Read More
(IDEX Online) - Fugitive diamond billionaire Nirav Modi is awaiting the outcome of his last-ditch appeal against extradition back to India. The High Court in London says it will hand down its verdict as soon as possible after a two-day hearing. Modi, 51, (pictured) is accused of fraudulently using letters of undertaking offered by the Punjab National Bank (PNB) in an alleged $1.85bn...Read More
Jefferies analysts reiterated their Buy view on Rio Tinto stock, despite the production results being weaker than expected.Read More
The stock market was up big today, but it was nothing compared to last Thursday's huge rally. In fact, last Thursday was one of the wildest days of trading in the history of Wall Street.But don't mistake that for the return of good times. It simply serves as a good example of just how volatile markets are these days - and the power of narratives to challenge fundamental analysis.In other words, th...Read More
Stillwater Critical Minerals (TSXV: PGE; US-OTC: PGEZF) is "rewriting the book" on the Lower Stillwater Igneous Complex in Montana, says president and CEO, Michael Rowley.The company's evaluation of the flagship Stillwater West project continues to confirm more parallels to South Africa's Bushveld Igneous Complex, and positions the company as the second-largest landholder in the Stillwater Complex...Read More
This week's episode features Douglas Silver, mineral economist, keynote speaker and author at the Q3 Global Mining Symposium. Douglas gives a data-rich presentation on how Canada is measuring up in the mining industry on an international level. He describes Canada as the "centre of the universe" in regard to international mining and explains why the country as well as its mining companies are posi...Read More
After achieving notorious maritime prosperity - initially by salvaging sunken ships - historic entrepreneur Joseph De Lamar became a prominent mine owner in the late 1880s, gaining control of a mountain six miles west of Silver City, Idaho. De Lamar sold a majority interest in the property for a pretty profit after rich veins of gold and silver were discovered, before moving on to other mining ve...Read More
Probe Metals (CVE: PRB) says drilling at its Val-d'Or East project's Monique deposit in Quebec has returned "significant" gold intercepts that are likely to expand the area of the strike and increase its resource update due by year's end. Highlights from the results of 45 new holes showed "continued strike and depth expansion with significant gold intercepts along the Monique gold zones," Probe, a...Read More
Mayfair Gold (TSXV: MFG; OTC: MFGCF) has increased the resource at its Fenn-Gib project located in the Timmins region of northeast Ontario. The new resource is based on assay results from 61% (about 67,000 metres) of the company's current 110,000-metre infill and expansion drill program.Fenn-Gib now hosts a pit-constrained indicated resource of 118.1 million tonnes at 0.81 gram gold per tonne for...Read More
Denison Mines (TSX: DML; NYSE: DNN) says it has received positive test results from its in-situ uranium recovery process at the Wheeler River project in northern Saskatchewan's Athabasca basin, which it called 'historic.'The successful test marks one of the first uses in the high-grade basin of the in-situ (ISR) leaching method that separates uranium from ore underground and pumps the solution to...Read More
Canada's Iamgold (TSX IMG; NYSE: IAG) said on Tuesday it had agreed to sell its stake in the Rosebel gold mine in Suriname to Zijin Mining in a deal valued at US$360 million.The Chinese miner will acquire Iamgold's 95% interest in Rosebel Gold Mines, which owns the Rosebel operation and a 70% participating interest in the Saramacca mine, a satellite for Rosebel.Zijin is also assuming Iamgold's eq...Read More
Sprung Structures was founded in 1887 and evolved into a major manufacturer of high-performance tension fabric buildings for multiple industries. The company developed and patented the stressed membrane structure, an innovative alternative to conventional construction utilizing architectural membrane panels placed under high tension within a non-corroding aluminum substructure.This technology is a...Read More
North-central Quebec-focused Troilus Gold (TSX: TLG; US-OTCQX: CHXMF) has announced the discovery of a new higher-grade gold zone to the northern and southern extents of Zone 87 (Z87), the larger of two formerly mined pits.To better define this potentially significant zone, the company decided to bypass the planned pre-feasibility study and shift its engineering focus to delivering a definitive fe...Read More