Gold, silver and mining stocks’ pricessoared on Friday. Let’s see if the dollar may have had something to do withthis movement.Very little happened in the preciousmetals market yesterday, and what Iwrote and said yesterday remainsup-to-date.I got a request to comment on the USDIndex (and its link withgold), and I’ll be happy to deliver. The Flag PatternIn short, the USD Index rem...Read More
"The most significant move was the..."by Peter Schiff of Peter Schiff Podcast ? Commodities break out of their bear market corrections. ? Tech stocks collapsing further. ? Smart money is buying gold mining stocks. ? Labor force participation rate has declined despite extra jobs.FULL SHOW NOTES AND LINKS HERERead More
Antioquia Gold is guiding for production of 46,000 ounces of gold this year at its Cisneros operation in Antioquia, up from 38,000oz in 2021, at a cash cost of US$1189/oz.Read More
The largest US silver producer saw its realised silver prices fall 11.5% q-q to $18.30/oz from $20.68/oz.Read More
The meeting had been scheduled for November 15 but this has been adjourned and the firm has not been able to offer a new date.Read More
PolarX following up promising results at Nevada gold-silver projectSPONSOREDpolarx limitedSaudi to lead mining super regionSPONSOREDsaudi ministry of industry and mineral resourcesAura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy The US$4.Read More
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Atalaya reported EBITDA of negative €4.3 million in the September quarter of 2022, compared to positive EBITDA of €48.8M a year earlier.Read More
RAPAPORT... Early projections for the US holiday season are upbeat, but that sentiment hasn't filtered through to the rest of the diamond market, Rapaport's editorial team observed. "I was a bit surprised by the optimism," noted Senior Analyst Avi Krawitz, chatting with News Editor Joshua Freedman on the Rapaport Diamond Podcast. "The economic activity, [with] inflation, rising interest rates and...Read More
RAPAPORT... Online retailer Blue Nile has begun offering larger and pricier lab-grown diamonds, including for engagement rings.The e-tailer, which Signet Jewelers acquired in August, lists synthetic diamonds ranging from under 1 carat to more than 4 carats on its "Design Your Own Ring" page, with prices running from about $800 to $36,500 as of press time. At last count, there were over 4,400...Read More
RAPAPORT... Mountain Province reported a loss in the third quarter despite record revenue, as the weak Canadian dollar dragged down its bottom line.The company had a net loss of CAD 7.2 million ($5.4 million) for the three months ending September 30, compared with a profit of CAD 8.8 million ($6.5 million) a year earlier, it said Wednesday. The decline resulted from unrealized foreign exchange los...Read More
RAPAPORT... The Fortune Pink diamond was the top seller at Tuesday's Christie's jewelry auction in Geneva, bringing in nearly $29 million.The 18.18-carat stone, the largest pear-shaped, fancy-vivid-pink diamond ever offered at auction, fetched CHF 28.4 million ($28.9 million) at the November 8 Magnificent Jewels sale, Christie's said Wednesday. That price was at the lower end of its CHF 25 million...Read More
(IDEX Online) - The owner of the Tiffany & Co jewelry empire in Turkey died after plunging from a cruise ship off the coast of Tahiti, in the South Pacific.Relatives of Dilek Ertek, 71, believe CCTV footage shows her falling to her death at 3am, but say her partner, 74, did not report her missing until 20 hours later.He was questioned by police in Tahiti when the Norwegian Spirit cruise ship (...Read More
(IDEX Online) - Fugitive diamond tycoon Nirav Modi today lost his last-ditch battle against extradition to India, where he faces charges of fraud and money laundering.The 51-year-old, who has been in a British prison since March 2019, had argued he was a suicide risk if he was sent back.He is accused of fraudulently using letters of undertaking offered by the Punjab National Bank (PNB) in an alleg...Read More
(IDEX Online) - The 18.18-carat Fortune Pink diamond sold yesterday at Christie's Geneva for $28.8m - above its $25m low estimate but below the $35m high estimate.The largest pear-shaped fancy vivid pink diamond ever to be auctioned was bought by an unnamed Asian private collector after a three-way battle between telephone bidders.The diamond, mined in Brazil more than 15 years ago, was displ...Read More
PolarX following up promising results at Nevada gold-silver projectSPONSOREDpolarx limitedSaudi to lead mining super regionSPONSOREDsaudi ministry of industry and mineral resourcesAura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy A "critical incident" involving an employee of mining contractor Procon occurred at the mine on October 22.Read More
PolarX following up promising results at Nevada gold-silver projectSPONSOREDpolarx limitedSaudi to lead mining super regionSPONSOREDsaudi ministry of industry and mineral resourcesAura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy That NPAT could have been a lot better had it not been for $257 million in significant items.Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 20 points in pre-opening trade. Index futures responded to Congressional election results that are too close to call.Walt Disney dropped $6.80 to $93.10 after reporting less than consensus fiscal fourth quarter revenues and earnings.Meta Platform added $3.88 to $100.35 after announcing plans to reduce its work force b...Read More
Election Day is here. All eyes will be focused on the election returns. These House, Senate and gubernatorial contests will determine which governing philosophy controls the country for the next two years.It will also lay the foundation for the presidential election in 2024 (that campaign starts the day after the midterm election). Essentially, everything that citizens, investors, and markets care...Read More
Shows the shifting shares of the major gold producing countries between 1980 and 2021 Visit our website to learn more: ...Read More