(IDEX Online) - Diamcor today announced a huge increase in carats sold this quarter, as it saw average per-carat prices fall by more than half.The Canadian junior miner said it sold 8,327 carats of rough from its Venetia mine in South Africa, during the the current quarter, ending December 31. That's an increase of 121 per cent on the 3,776 carats sold in the previous three months.But gross r...Read More
(DEX Online) - British actress Lily James has visited Botswana in her new role as global ambassador for the Natural Diamond Council.The 33-year-old Emmy-nominated star, known for roles in Pam and Tommy and Downton Abbey, visited Lucara's Karowe Diamond Mine, as well as the De Beers Global Sightholder Sales facility in Gaborone, the capital of Botswana. She also went to the KGK Diamo...Read More
(IDEX Online) - Lucapa reports the "best kimberlite diamond recoveries to date" from ongoing explorations at its Lulo mine, in Angola.The Australian miner says bulk sampling of diamond-bearing kimberlites had yielded 20 stones with a total weight of 15.51 carats.Among them were five +1.0-ct diamonds, including one of 1.95-cts. A number of stones have been classified as Type IIa."While the processi...Read More
(IDEX Online) - The world's largest internally flawless diamond, a 303.1-carat fancy deep brownish-yellow stone, sold yesterday for $12.4m at at Sotheby's New York.It became the third most valuable yellow diamond ever sold at auction, but fell short of its $15m high estimate. Sotheby's described the price as "strong".Quig Bruning, head of jewelry for Sotheby's Americas, said th...Read More
Feasibility Study Imminent at Fission's High-Grade, Low-Cost Uranium Project SPONSOREDfission uraniumGlobal Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDA Glencore spokesman said genuine and timely consultation with c...Read More
Feasibility Study Imminent at Fission's High-Grade, Low-Cost Uranium Project SPONSOREDfission uraniumGlobal Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDThe quote was from capital markets firm Argonaut earlier this mo...Read More
Feasibility Study Imminent at Fission's High-Grade, Low-Cost Uranium Project SPONSOREDfission uraniumGlobal Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDBoluarte, a lawyer and Peru's first female president, aims to br...Read More
Social opposition remains key industry hurdle in ColombiaSPONSOREDverisk maplecroftAura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy PolarX following up promising results at Nevada gold-silver projectSPONSOREDpolarx limitedHongliulin Leverages Huawei Cloud Stack to Embrace Digital Transformation SPONSOREDhuawei cloudWhat does this have to do with WIM100? Well...Read More
Glencore has a corporate goal to be net zero by 2050. In its 2019 baseline year, the company emitted 373Mt of CO2 equivalent. It targets a 15% reduction by 2026 and 50% by 2035.Read More
Feasibility Study Imminent at Fission's High-Grade, Low-Cost Uranium Project SPONSOREDfission uraniumGlobal Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDWith steel consumers such as automakers looking to reduce their...Read More
Technical NotesOil Services ETF $OIH moved below $284.52 completing a double top pattern.AT&T an S&P 100 stock moved above $19.39 extending an intermediate uptrend. PayPal a NASDAQ 100 stock moved below $71.17 extending an intermediate downtrend. Cenovus a TSX 60 stock moved below $25.03 completing a double top pattern. Trader's CornerEquity Indices and Related ETFsDaily Seasonal/Tec...Read More
A day that will live in infamy...Do we refer to Dec. 23, 1913 - the date Mr. Wilson signed the Federal Reserve Act into law?Or Aug. 15, 1971... the date old Nixon banged shut the gold window?Or perhaps even Jan. 20, 2021, the date when the most popular and beloved president in history vacated the White House?No. We refer of course to Dec. 7, 1941 - 81 years ago today - when naval and air forces of...Read More
The war in Ukraine has been in a partial hiatus for the past two months. But that hiatus is coming to an end as Russia prepares its next move. Today, we're looking ahead to what's coming next.And here's a hint: We could be entering a very dangerous period.First off, the situation on the ground in Ukraine is best understood as a competition between the narrative and reality.The narrative consists o...Read More
Prospect generator Azimut Exploration (TSXV: AZM; US-OTC: AZMTF) has signed a joint venture agreement with KGHM International for its early stage Kukamas copper-gold property in the Eeyou Istchee James Bay region of Quebec. Under the deal, KGHM International, a subsidiary of Polish firm KGHM Polska Mied?? S.A, can earn a 50% interest in the property by spending $5 million over four years. KGH...Read More
Cordoba Minerals (TSXV: CDB; US-OTC: CDBMF) announced on Thursday that it has entered a strategic arrangement with JCHX Mining Management to jointly develop the company's flagship Alacran copper-gold-silver project in Colombia. JCHX is a leading mining construction companies in China, and currently a shareholder of Cordoba.As part of the arrangement, JCHX will purchase a 50% ownership interest in...Read More
Ascot Resources (TSX: AOT; US-OTC: AOTVF) has released the third batch of assay results from surface drilling at the Big Missouri deposit in B.C., which continues to impress with more bonanza-grade gold and additional occurrences of coarse, visible gold.The latest results are from surface drilling for in-fill and exploration purposes at the Big Missouri deposit, part of Ascot's 2022 exploration pr...Read More
Osisko Mining has signed a binding term sheet with Miyuukaa Corp., a wholly owned business of the Cree First Nation of Waswanipi, to build the proposed hydro-electric powerline for the Windfall gold project. According to a feasibility study released in late November, Windfall is projected to produce 306,000 oz. of gold annually over a 10-year mine life.The project is located in the Abitibi green...Read More
Miner and commodities giant Glencore (LSE: GLEN) has shelved plans for a giant A$2 billion (US$1.3 billion) coal mine in Australia's Queensland state, which would have become one of the country's largest.The Swiss company said the decision to abandon the Valeria project was based on global uncertainties and an increase in state royalties, which have damaged investor confidence. The move also fit...Read More
You don't need a magic eight ball to know that 2023 is probably going to be a tough year.As 2022 comes to a close, it seems we are collectively coming to the realization that the multiple, compounding crises that have bloomed this year (even if they were years in the making) won't magically disappear as we turn the page on 2022. Inflation is probably not as "transitory" as the U.S. Federal Reserve...Read More
The Young Mining Professionals Scholarship Fund (YMPSF) has this year awarded $210,000 to 44 students pursuing mining-related programs at post-secondary institutions across Canada. "This year, 2022, is the fifth year of the program, which Iamgold and Orefinders Resources started in 2018 with $12,000 in scholarships awarded to candidates," said Anthony Moreau, director of the YMP Scholarship Fun...Read More