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Iran and Russia want to issue new stablecoin backed by gold

January 16, 2023 / marketsanity.com

Coin Telegraph, Released on 1/16/23The potential stablecoin aims to enable cross-border transactions instead of fiat currencies likeContinue... Iran and Russia want to issue new stablecoin backed by gold added by Herman James on 01/16/2023View all posts by Herman James ?+'Read More

Copper and Gold miners are leading the Q4-Q1 rally in broad asset markets / Commodities / Metals & Mining

January 16, 2023 / www.marketoracle.co.uk

Back in October we began to plan the prospect of a relief rally that would be fueled by over-bearish sentiment (contrary bullish), ‘Fed hawk’ relief as we anticipated inflation signals to ease, and a post (mid-term) election seasonal pattern that is bullish for stocks. This public article had a lot to say about that on November 10th:Q4-Q1 plan engages For the purposes of this week&rsqu...Read More

Major rare earths deposit discovered in Sweden

January 16, 2023 / www.mining-journal.com

4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootRed Dirt rockets toward mining in 2023SPONSOREDred dirt metalsAlien Metals accelerates toward productionSPONSOREDalien metalsMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streamingThe company, best known for its iron ore interests, said recent exploration efforts in northern Sweden's Kiruna a...Read More

Agnico Eagle Mines to report on February 16

January 16, 2023 / www.mining-journal.com

4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootRed Dirt rockets toward mining in 2023SPONSOREDred dirt metalsAlien Metals accelerates toward productionSPONSOREDalien metalsMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streamingSenior management from the firm will hold a conference call on the results on February 17. Market consensus curre...Read More

N.America 2023 earnings to be shaped by price

January 16, 2023 / www.mining-journal.com

4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootRed Dirt rockets toward mining in 2023SPONSOREDred dirt metalsAlien Metals accelerates toward productionSPONSOREDalien metalsMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streamingThe gains come as the bullion price hits its highest level in around eight months on expectations of a possible s...Read More

Orla Mining misses expectations for 2023

January 16, 2023 / www.mining-journal.com

Orla provided 2023 guidance with lower-than-expected production and higher-than-expected costs of 100,000-110,000 oz at all-in-sustaining costs (AISC) of US$750-850 oz.Read More

OPEC for lithium?

January 16, 2023 / www.mining-journal.com

Argentina, Chile and Bolivia—which together host various lithium-containing salares or salt lakes, known as the Lithium Triangle—expressed interest in the idea as part of a growing wave ofRead More

Peru miners shutting due to violent turmoil

January 16, 2023 / www.mining-journal.com

4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootRed Dirt rockets toward mining in 2023SPONSOREDred dirt metalsAlien Metals accelerates toward productionSPONSOREDalien metalsMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streamingGlencore, MMG and Minsur have all closed mines. Glencore evacuated some 2400 workers at its Antapaccay copper min...Read More

Swedish rare earths on a slow road to market

January 16, 2023 / www.mining-journal.com

4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootRed Dirt rockets toward mining in 2023SPONSOREDred dirt metalsAlien Metals accelerates toward productionSPONSOREDalien metalsMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streaming  The hurdle which is easiest to overcome is the sort of onerous exploration and mine development approvals...Read More

X-ray Reveals Smuggling Suspect's 932 Diamonds

January 16, 2023 / www.idexonline.com

(IDEX Online) - An Indian national is facing up to 18 years in prison after an X-ray revealed 932 bullet diamonds inside his body.The unnamed 48-year-old, described as an accountant, was apprehended by customs officers at the Ngurah Rai International Airport, on the Indonesian island of Bali.He'd arrived from Bangkok, Thailand, intending to sell the 40.73 carats, said Imran Yusuf, of the loca...Read More

Angola Seizes 2,000 Diamonds in War on Traffickers

January 16, 2023 / www.idexonline.com

(IDEX Online) - Authorities in Angola seized over 2,000 diamonds, described as being "of several carats" last year, together with illegal mining equipment.They have made repeated efforts to counter diamond trafficking - deporting 250,000 smugglers between 2003 and 2006 - and have faced ongoing allegations over "conflict diamonds".During 2022 defense and security bodies seized 2,028 diamonds and a...Read More

Colombia's Petro says water prevails over mining

January 15, 2023 / www.mining-journal.com

4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootRed Dirt rockets toward mining in 2023SPONSOREDred dirt metalsAlien Metals accelerates toward productionSPONSOREDalien metalsMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streaming"We will stop mining projects that put water at risk. Jerico will be an agricultural and ecological district," sa...Read More

Copper price seen supporting Americas producers

January 16, 2023 / www.mining-journal.com

Copper prices have rallied to over $9,200t, fanned by a combination of factors.Read More

Panama's Minister Alfaro says Cobre Panama talks will take time

January 13, 2023 / www.mining-journal.com

Alfaro said the mine cannot continue to operate without a contract between operator First Quantum Minerals and the government and that the company must comply with a government decree issued inRead More

Tech Talk for Monday January 16th 2023

January 16, 2023 / www.timingthemarket.ca

U.S. equity markets are closed today for the Martin Luther King Jr. holiday. Trading volume in Canadian equity markets is expected to be significantly below average. International equity markets generally were higher. The DAX Index was up 44.76 to 15,132.17. The CAC Index gained 18.36 to 7,041.62. The Shanghai Composite Index added 32.29 to 3,227.59 moving above intermediate resistance at 3,226.08...Read More

TNM Drill Down: Tempus Resources reports top assay for Jan. 6-13

January 16, 2023 / www.northernminer.com

Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company Mining Intelligence.The Americas produced this week's top drill assays, with Australia's Tempus Resources (ASX: TMR; TSXV: TMRR) leading the charge with its Elizabeth project in British Columbia. The company reported that hole EZ-22-20 h...Read More

CaNickel PEA gives Bucko Lake 13-year mine life

January 16, 2023 / www.northernminer.com

CaNickel Mining (TSXV: CML) has released results of a preliminary economic assessment (PEA) and mineral resource estimate on the company's Bucko Lake nickel mine, outlining a 13-year project with average annual production of 7.8 million lb. of nickel. The mine, located 110 km southwest of Thompson, Man., near the Town of Wabowden. is estimated to have average cash costs and all-in sustaining cos...Read More

TSX Venture gains during Jan. 9-13 trading period

January 16, 2023 / www.northernminer.com

The S&P/TSX Venture Composite Index added 33.22 points or 5.7% over the Jan. 6-13 trading period to end at 615.11. Dynasty Gold was the week's second-highest gainer by percentage, surging 175% from a low of 10 ? during the week, to close at 28 ? after reporting its best drill results yet from the Thundercloud property in northwest Ontario. One hole, from a new area that hadn't been drilled,...Read More

TSX, spot gold rise during Jan. 9-13 trading week

January 16, 2023 / www.northernminer.com

The S&P/TSX Composite Index rose 545.6 points or 2.75% to finish the Jan. 9-13 trading week at 20,360.10 and the S&P/TSX Global Mining Index gained 4.94 points or 4.25% to 121.30. The S&P/TSX Global Base Metals Index jumped 12.72 points or 6.62% to 204.80 and the S&P/TSX Global Gold Index advanced 8.95 points or 2.96% to 310.97. Spot gold increased US$54.90 per oz. or 2.94% to US$1,920.60 per ounc...Read More

U.S. markets rebound during Jan. 9-13 trading period

January 16, 2023 / www.northernminer.com

The Dow Jones Industrial Average gained an impressive 672 points or 2% during the Jan. 9-13 trading week to close at 34,302.61, and the S&P 500 gained 104.01 or 2.7% over the week to 3,999.09.The week's top value gainer was Southern Copper, which added US$9.66 to close at US$77.06. On the heels of the rising price of copper, Southern Copper shares have already gained 25% this year. A falling U.S....Read More

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