Red Metal is fitting together the puzzle pieces of a promising copper project in Chile. A last-minute impulse to drill an intercept visible on the surface, but not included in its 2020 drill program at its flagship Carrizal project, produced a welcome surprise for Red Metal Resources Ltd. (RMES:CSE; RMESF:OTCBB). "Copper is a very visual thing. If you have copper that you care about, you can see i...Read More
Adrian Day recaps the recent news at some of his favorite resource companies, noting several good buys that emerged after the recent sector pullback.Fortuna Silver Mines Inc. (FSM:NYSE; FVI:TSX; FVI:BVL; F4S:FSE) released its first-quarter earnings, in line with expectations and with no negative surprises. Full-year guidance was also reiterated, notwithstanding inflationary pressures on costs. In...Read More
Signs are pointing to gold’s May rallyrunning out of steam as the USDX reaches its short-term bottom. But how muchstamina is left in the yellow metal?Another day, another higher close in thejunior miners. And another day where profits on our long positions in thelatter increased. There is a sign that the rally in the precious metals sectoris close to being over.That sign is the situation in...Read More
Kumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKropz set to fly after false startSPONSOREDkropzBMG returns eye-catching high-grade gold at Abercromby in WASPONSOREDbmgThe supply agreements secure the supply of equipment, parts and labour, as well as equipment pricing for the primary fleet until December 2024, and d...Read More
On a grade-thickness basis, hole 55C comes in 1,779.5, a sizable lift from the previous best hole of 1,492.6 in hole 54, and almost twice the next best hits reported by other countries, and three or four times better than the other top 10 drill hits in the Americas."From a grade-thickness perspective, hole 55C is the best hole ever drilled at Filo del Sol," said Filo Mining president and CEO...Read More
S&P Global Rating's decision to drop Tesla from its S&P 500 ESG Index while retaining oil and gas giant ExxonMobil - and Musk's subsequent outrage at this apparent contradiction - may beRead More
Toronto-listed Seabridge Gold has reached a "contribution agreement" with the Liard First Nation (LFN) for the firm's 3 Aces gold exploration project in Yukon, Canada.Read More
RAPAPORT... A 17.62-carat diamond ring is set to go up for auction at an upcoming Phillips jewelry sale, where it is expected to fetch up to $1.3 million.The emerald-cut, D-color, VVS1-clarity, type IIa diamond is the star of the June 2 New York Jewels sale, Phillips said last week. The stone is one of a number of special diamonds to be featured.The auction house will also sell an old European bri...Read More
RAPAPORT... Gem Diamonds has recovered a 129-carat rough from its Let??eng mine in Lesotho, the miner's first stone over 100 carats this year.The high-quality, white diamond was recovered at the site over the weekend, Gem Diamonds said Monday. The company, which had been known for its recovery of large, high-quality stones, has seen output of those diamonds become more sluggish in the past year.In...Read More
Analysts welcomed the move as Arena's Sal de la Puna project is adjacent to Lithium Americas' recently acquired Pastos Grandes project, both of which are located in the Pastos Grandes basin in SaltaRead More
The group stopped a train operated by FCAB on Saturday near Lata to the southeast of Antofagasta and stole copper cathodes using trucks equipped with cranes.Read More
(IDEX Online) - Jeweler Stephanie Gottlieb has created a one-off popcorn-shaped diamond engagement ring. The 3.66-carat VVS-clarity natural stone was specially cut from an 11-carat rough diamond and set in simple yellow gold "bathtub bezel".It is designed to intensify the hue of the stone, which has been graded as Y-Z - near to fancy yellow on the official GIA color scale."The idea was...Read More
Kumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKropz set to fly after false startSPONSOREDkropzBMG returns eye-catching high-grade gold at Abercromby in WASPONSOREDbmg A former broker explained how at one time major European trading houses weren't averse to quietly withdrawing copper from LME warehouses only t...Read More
(IDEX Online) - Diamond tech firm Sarine has filed a series of lawsuits in and around Surat for alleged piracy of its mapping software.Raids were carried out at eight locations in India's cutting and polishing capital last Wednesday (18 May) after a court granted the company ex-parte orders.Sarine was unable to provide details, but said: "It is believed that the court commissioners were able...Read More
Base metals prices on the London Metal Exchange were mainly weaker on the morning of Tuesday May 24, while those on the Shanghai Futures Exchange were more mixed.• United States President Joe Biden considers easing tariffs on China• Japan’s flash manufacturing purchasing mangers’ index (PMI) dips to 53.2, from 53.5• Bank of Japan’s core consumer price index (CPI) clim...Read More
AISC costs were already driven higher in the first quarter of this year by a combination of factors, including higher energy, labour, and equipment costs in a higher inflationaryRead More
U.S. equity index futures were lower this morning. S&P 500 futures were down 46 points in pre-opening trade. Zoom gained $4.21 to $93.54 after first quarter results beat consensus estimates. The company also offered positive second quarter guidance. Best Buy added $3.41 to $76.00 after reporting higher than consensus first quarter revenues. Snap plunged $6.96 to $15.51 after the company lowere...Read More
Shares of Filo Mining (TSX: FIL) reached an all-time high as the company reported its best hole yet in terms of copper-equivalent and intercept length, drilled at its Filo del Sol project, which straddles the Argentina-Chile border. Highlights from the latest drill results from its ongoing program included drill hole FSDH055C from the Breccia 41 zone, which cut 1,337.5 metres grading 0.66% coppe...Read More
Mining and commodities trader Glencore (LSE: GLEN) has settled probes into bribery and market manipulation in the U.K. and U.S. that have hung over the company for years.The company, which in February announced it had set aside US$1.5 billion cover the costs of settlements in the U.S., U.K. and Brazil, confirmed on Tuesday it would appear in court in the U.S. today in connection with "proposed re...Read More
The Dow Jones Industrial Average fell 961.52 points or 3.1% to 31,261.90 over the week, with the S&P 500 retreating by 106.65 points or 2.7% to 3,901.36. Shares of Gold Fields fell 1.2% to US$11.44. The company, which is already dealing with the effects of inflation and the relocation of endangered chinchillas at its Salares Norte gold project in Chile is now facing?EUR?potential sanctions?EUR?fr...Read More