Preliminary results of tightly spaced underground drilling, geologic mapping and grade control sampling have confirmed the geological modelling and interpretation derived from surface drilling.Read More
"With a robust treasury now exceeding C$18 million, we are now fully financed to execute our goal of aggressively further de-risking the Zeus project," said Noram chief executive SandyRead More
The tech start-up using core enablers of automation to benefit every mineSPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining The pre-payment facility is for an 18-month term, secured against t...Read More
Look beyond market approach to project valuations: van ZylLeadershipThe tech start-up using core enablers of automation to benefit every mineSPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldSome 2.8 million of the shares were acquired as a result of Barrick exercising warra...Read More
Total indicated and inferred resources have risen by 42% to 30.1 million tonnes of lithium oxide, beating its target of increasing the resource to 24 million tonnes.Read More
Treasury cited Executive Order 14024 which authorised sanctions against "persons determined to be responsible for or complicit in, or to have directly or indirectly engaged or attempted to engage in,Read More
Polished prices under pressure. Russian sanctions, China Covid-19 wave, US inflation, and hike in interest rates impacting demand. Polished inventory rising. Buyers lack urgency and expect further price declines. Suppliers reducing prices after 2022 surge. Melee and goods below 0.30 ct. weak. 1 ct. stable. Investment-quality diamonds waking up. Secondary rough market softening after speculative Ja...Read More
The tech start-up using core enablers of automation to benefit every mineSPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining Venture Minerals is confronting a typical top of the cycle phenomen...Read More
RAPAPORT... Bonhams has bought three auction houses in the US, Sweden and Denmark this year, as it looks to broaden its global footprint and digital network.The company purchased US-based Skinner - which has locations in Boston and Marlborough, Massachusetts - and will rename that business Bonhams Skinner, it said last week. Skinner holds about 80 sales a year in categories including fine art, win...Read More
RAPAPORT... Burgundy Diamond Mines will begin commercial production from its Ellendale deposit in Australia before the end of the year.The company is getting the mine ready to resume operations after it was on long-term care and maintenance, it said Wednesday. Burgundy will explore both the Ellendale and adjoining Blina projects over the next six months and will set up a bulk-sampling plant by the...Read More
(IDEX Online) - The British government today announced sanctions against Alrosa.It named the diamond producer as one of 65 new Russian businesses and individuals being sanctioned in a move to "to cut off vital industries fuelling Putin's war machine".A statement from Foreign Secretary Liz Truss (pictured) describes Alrosa as "the world's largest diamond mining company specializing in exp...Read More
RAPAPORT... Manufacturing Jewelers & Suppliers of America (MJSA) has developed a new mentoring and apprenticeship program to help the industry attract and train workers.The initiative aims to counter the severe labor shortage the trade is currently experiencing due to the "Big Quit," MJSA said last week. The program will provide businesses the tools they need to recruit and train apprentices.I...Read More
(IDEX Online) - Young adults are more likely to buy a lab grown than a mined diamond, says new research.Forty-four per cent said they'd opt for a lab grown, compared to 32 per cent who said they'd buy a mined diamond. The remaining 22 per cent were unsure.Size and price were the key factors for Millennial and Gen-Z shoppers, according to market research company the MVEye, which quizzed 7...Read More
(IDEX Online) - Two thirds of Tiffany & Co employees have left the company since the LVMH buyout last January.The current workforce is "one-third original Tiffany staff, one-third LVMH veterans, and another equal share coming from outside both companies," says the fashion Bible WWD, after an interview with the jeweler's president and CEO Anthony Ledru.He said: "We are living in a fast-mov...Read More
(IDEX Online) - An extremely rare 8.82-ct fancy intense purple-pink pear modified brilliant-cut diamond, set in a platinum ring with two smaller stones, is to be auctioned with a high estimate of $6m.It is among the highlights at Christie's Magnificent Jewels auction in New York on 13 April.The Fuchsia Rose diamond (pictured) is certified by GIA as "VVS1 clarity, potentially Internally Flawle...Read More
RAPAPORT... Hong Kong-based retailer Chow Sang Sang has officially entered the lab-grown space, creating an e-commerce site that connects consumers with synthetic-diamond brands.The site, called The Future Rocks, features brands from the US, the UK, Israel, Japan and other countries, Chow Sang Sang said Wednesday in its annual results announcement.Retailers in greater China have started dipping th...Read More
The funds are being raised through a private placement with the Lind Global Fund II, LP, and is to comprise an initial C$3 million investment, followed by C$7 million of additional investments upon mutual agreement. For the initial C$3 million, Candente is to issue Lind convertible security with a value of C$3.6 million and a 24-month maturity date. The company will concurrently issue wa...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 28 points at 7:30 AM EDT.The February Durable Goods Orders report is scheduled to be released at 8:30 AM EDT. Consensus is a drop of 0.6% versus a gain of 1.6% in January. KB Homes dropped $1.48 to $34.49 after reporting less than consensus first quarter revenues and earnings. Spotify gained $1.08 to $149.65 after the...Read More
The stars are aligning for gold. A combination of geopolitical tumult, supply chain problems and inflation all point to much higher gold prices. Today, I'll break it all down.If you believe that the war in Ukraine will end soon, that global supply chains will heal quickly and that inflation is transitory, then you're probably in for a rude awakening. In fact, none of those things is likely.Even if...Read More
Spread the loveThe outrageous sanctions imposed by Biden on Russia has undermined the entire world economy. Sanctions have never worked and this time they were designed to try to hurt the Russian people so profoundly that they would overthrow Putin – regime change. The Ukrainians are even naming Alexander Bortnikov, the Russian Director of the Federal Security Service and a member of Putin's...Read More