Kitco, Released on 5/9/22The major level on the chart is the blue consolidation low at $1671.70/oz. The price has testedContinue...The next major technical support area in gold added by Herman James on 05/09/2022View all posts by Herman James ?+'Read More
In today's Bulletin, analyst Adrian Day reviews the recent results from the big three royalty companies, all strong, with rock-solid balance sheets, but with a shortage of large projects in which to invest. The big three royalty and streaming companies reported last week, though there had been pre-announcements to various extents. All three had good quarters, reporting close to expectations, and m...Read More
Confirmed high grades of mineralization in the zone between two large resources support this theory, noted a Stifel GMP report.Troilus Gold Corp.'s (TLG:TSX; CHXMF:OTC; CM5R:FRA) recent drill results showcase high grades in the 2.5 kilometer-long gap zone at the Troilus project, indicating "the potential to connect-the-dots between the Main and Southwest [zones] is very high," Stifel GMP reported...Read More
While the USDX rushes up withoutlooking back, gold is running... out of power. What could the next dollar highsmean for the precious metals market?In short, practically everything that Iwrote in yesterday’sanalysis remains up-to-date. Based on the relative valuations andpre-market price movement, I wrote that junior miners were likely to declinebelow their rising support line, and I moved th...Read More
As turmoil in financial markets unnerves investors, a larger economic crisis may be starting to unfold. The Federal Reserve’s first steps toward tightening monetary policy are exposing vulnerabilities in the highly leveraged economy. The Fed spent years injecting the economy with artificial stimulus. Now it is trying to take that stimulus away without causing a crash.On Wednesday, the Fed ra...Read More
How will the stock and bond market collapse affect the silver market?Peter Krauth with Chris Marcus of Arcadia EconomicsPeter Krauth: Stock/Bond collapse to lead to "The Great Silver Bull" Peter Krauth of https://silverstockinvestor.com/ joins Chris to discuss how the stock and Bond market collapse will affect the Silver Market To find out more click to watch now!FULL SHOW NOTES AND LINKS HERERead More
There are three morals to this story...by Keith Weiner of Monetary-MetalsThe last few days of trading in silver have been a wild ride. On Wednesday morning in New York, six hours before the Fed was to announce its interest rate hike, the price of silver began to drop. It went from around $22.65 to a low of $22.25 before recovering about 20 cents. At 2pm (NY time), the Fed made the announcement....Read More
The company said the Corner Bay deposit will be the main underground mine along with the Devlin copper deposit and the former Joe Mann gold mine also providing mill feed.Read More
Predictive Discovery to forge a golden future in GuineaSPONSOREDpredictive discoveryOreCorp prepares to deliver Tanzania's next big gold mineSPONSOREDorecorpIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixArrow Minerals on the gold discovery path in West AfricaSPONSOREDarrow mineralsQora Capital chairman Lloyd Pengilly said the diversified miners had been "asleep at the wheel" o...Read More
The company achieved consolidated production of 24,702 tonnes of copper and 53,956 ounces of gold as well as silver, zinc and molybdenum at an all-in sustaining cost of $2.54/lb.Read More
Antilles Gold executive chairman Brian Johnson outlines the significance of company's latest addition, the New Horizons polymetallic project, to its portfolio in Cuba - where it's rapidly moving towards mining at its plus-100,000ozpa gold-equivalent La Demajagua joint venture and is advancing its next "potential company-maker", the El Pilar deposit.Read More
A high-profile businessman has joined the board of Kingwest Resources as the company advances towards mining at its plus-500,000 ounce Menzies gold project; while at Goongarrie, Kingwest has maiden diamond drilling underway at its Sir Laurence gold discovery and is also testing the project's nickel potential, as CEO Ed Turner explains.Read More
RAPAPORT PRESS RELEASE, May 9, 2022, Las Vegas ... RapNet, the world's largest diamond trading network with daily listings of 1.8 million diamonds valued at $8.7 billion, has banned Russian diamonds from its network. The ban applies to all diamonds sourced from Russia after February 24, 2022, and includes polished diamonds manufactured outside of Russia from Russian rough diamonds. The ban include...Read More
Predictive Discovery to forge a golden future in GuineaSPONSOREDpredictive discoveryOreCorp prepares to deliver Tanzania's next big gold mineSPONSOREDorecorpIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixArrow Minerals on the gold discovery path in West AfricaSPONSOREDarrow mineralsWhen that happens, the ghosts of Anglo's yesteryear can be laid to rest - in particular, the pain...Read More
(IDEX Online) - The Angolan government says Endiama, the state-run diamond company, could be hit by delays in Russian-made mining machinery and spares as the war in Ukraine continues.But Russia's ambassador to the country is adamant that Western sanctions "will not affect its work in Angola in any way".A Reuters report cites a brochure made available by the Angolan government at the Mining In...Read More
(IDEX Online) - The newest diamond mine in Sierra Leone is to hold its maiden sale of rough production later this month.The Tongo Diamond Mine, operated by Australia-based Newfield Resources, has signed an exclusive sales and marketing agreement with Bonas, in Antwerp.Newfield describes the mine as "an 8.3m carat JORC compliant indicated and inferred diamond resource, primarily based on five kimbe...Read More
(IDEX Online) - Seasoned diamond hunter Adam Hardin has found his biggest stone yet - a 2.38-carat brown gem.He's been a regular visitor to the Crater of Diamonds State Park, in Arkansas, for a decade and says he's found hundreds of smaller stones. But this is by far the biggest.It's the USA's only active diamond mine, where visitors pay $10 a day to sift the soil - and keep an...Read More
Predictive Discovery to forge a golden future in GuineaSPONSOREDpredictive discoveryOreCorp prepares to deliver Tanzania's next big gold mineSPONSOREDorecorpIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixArrow Minerals on the gold discovery path in West AfricaSPONSOREDarrow minerals"Mining is a continuous sunrise sector in our economy," Ramaphosa said, as he laid out his plans...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 36 points in pre-opening trade.Microchip Technology added $1.69 to $66.00 after reporting record fourth quarter revenues. The company also offered positive guidance.Peloton plunged $3.74 to $10.39 after recording a third quarter loss. The company also lowered guidance. Bausch Health dropped $2.26 to US$10.74 after reco...Read More
Tesla (NASDAQ: TSLA) CEO Elon Musk has said that it was not "out of the question" for the company to enter the mining business, as the world's largest electric vehicle (EV) manufacturer looks to tackle raw material constraints. In a keynote interview at The Financial Times Future of the Car summit, Musk said that the demand for raw materials is exceeding production "to a ridiculous degree." "I...Read More