Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended Feb-21, 2020$AXU $USAS $KOR.to $AG $FSM $KNT.v $GSV $KL $OR $SILV $PAAS $TXG.to $WGO.v Alexco: is in the process of divesting its profitable and fast-growing remediation business (AEG) to the AEG management group. On closing of the transaction AEG will be pay Alexco $12.1m in cash, with the balance of $1.25m payable pursuan...Read More
RAPAPORT... US couples spent 4% more on engagement rings in 2019, according to a survey by wedding resource The Knot.Consumers that took part in the study paid approximately $5,900 on average for their engagement ring in 2019, versus $5,680 the previous year, The Knot said last week. That came despite the average amount the 25,000 respondents paid for a wedding remaining steady at $33,900, co...Read More
RAPAPORT... The Antwerp World Diamond Centre (AWDC) has postponed the sale of HRD Antwerp, and will instead embark on a turnaround strategy for the laboratory."The [AWDC] board of directors and standing committee decided not to sell before the plan is implemented," Ellen Joncheere, HRD's new CEO, said Thursday in an email to Rapaport News.The Belgian trade organization, which owns HRD, asked Jonch...Read More
RAPAPORT... Alrosa has recovered a 17.44-carat, bright-yellow, gem-quality diamond at its Verkhne-Munskoye deposit, the first colored stone found at the mine since it opened.The stone, recovered in mid-February from the mine in Yakutia, was found in the Zapolyarnaya pipe, one of four kimberlites located at the site. The company plans to assess and evaluate the yellow diamond at its Unite...Read More
(IDEX Online) - Chow Tai Fook has reportedly laid off staff at its newly-launched US operation.Hong Kong's leading jewelry corporation established its North American hub last May, with headquarters in Boston.Chow Tai Fook North America, which owns the Hearts On Fire and Memoire brands, has reduced head count, according to JCK Online, although a spokesperson declined to give further details.Pa...Read More
(IDEX Online) - Lightbox is to provide limited grading information with its mass-produced lab-grown diamonds.The De Beers lab-grown brand decided not to grade its diamond when it launched in September 2018.But CEO Steve Coe says the company is now responding to consumer feedback by providing basic grading information.All LGD stones above 0.2 carats will come with minimum specifications for c...Read More
(IDEX ONLINE) - A number of the alluvial diamonds recovered from stream bulk sampling at Lulo, Angola, are Type IIa - exceptionally rare and pure.The ASX-listed Lucapa Diamond Company last week reported it had found 45 diamonds of up to 3.75 carats from hard-rock kimberlite sources in the Canguige tributary.It says follow-up analysis has now confirmed the presence of the Type IIa gems, along with...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe plant operation was suspended last week as a precaution after flooding caused by heavy rains impacted site infrastructure including the tailings site and railway.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesEquity gold production fell 21% to 464,487 ounces from 590,349oz a year ago as output from its direct operations fell 43% to 169,273oz from 296,301oz.Silver production dropped 24% to 20.1Moz from 26.3Moz a year ago. Zinc and copper production each fell 5%, while lead production increased 10%.Artemis all set thanks to unique approac...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesCase study: platform financeSPONSOREDminexiaIt's early days in the developments being reported in China but investors should be aware that demand for nickel and cobalt in the batteries...Read More
Kirkland bumped 2020 spending to $500 million compared with $245 million previously and said production at Detour in Ontario would drop to 530,000 ounces from 601,000 ounces last year. However, the company pointed toward weaker production at the newly acquired Detour mine this year and cut the reserve grade at its flagship Fosterville underground mine in...Read full newsRead More
"Empower Clinics (@EmpowerClinics) (#CSE: $CBDT | #OTC: $EPWCF) Launches Improved Line of #CBD Products; Confirms 2020 #Hemp Handlers Licence for #Extraction Facility in Oregon [https://t.co/aYYauuOin8]#investing #stocks #stockmarket #trading #investors #capitalmarkets #cbdoil"Read full newsRead More
"A very good video all about the #Juniormining space (the best content starts at 4min)...what to ask, what to watch, what kind of company is best to invest in... Royalty? Prospecting?#MustSee#MomentumStockshttps://t.co/hJeqssdk87"Read full newsRead More
"@HenrikZeberg @Can2b11 You should get your answer soon ......if gold can crack below that upper velocity line, the chances would certainly increase (IMO) on your forecast.Above 1588-1630 & Odds would shift that upside not complete.Just my opine."Read full newsRead More
""We believe that current market conditions provide significant opportunity to acquire exceptional exploration properties for great value."$SSE.V #SSEBF #SilverSpruceResources #Gold #GoldMining #AU #PinoDePlata #MalchettLake #MomentumStocks https://t.co/J7HMVnpOiw"Read full newsRead More
In the fall of 2019, I’d predicted that gold had a real chance to go above the $2,000 mark after a strong year for the yellow metal. Naturally, the potential catalysts for a bull run I’d explored in the article were primarily economic.A major development that emerged in late 2018 and early 2019 could now have a huge impact on the world economy and on the price of gold – still the...Read More
The price of gold hit a new seven-year high in recent trading and Canadian investors are starting to wonder if gold could be on track to reach a new record by the end of 2020.Sustainable recoveryGold began the rally at the end of May last year when the price of gold sat near US$1,300 per ounce. At that point the trade tensions between the United States and China started to really heat up and this...Read More
Japan Gold Sanru project in northern Hokkaido. Photo by jackmac34, Pixabay. Japan Gold (TSXV: JG) announced on Monday the formation of a country-wide alliance with Barrick Gold (NYSE: GOLD, TSX: ABX) to jointly explore, develop and mine properties in Japan.The Canadian company also announced additional six new project in the Southern Kyushu Epithermal Gold Province. The Canadian company also anno...Read More
Some of the latest and biggest loser stocks over the last month are Teck Resources (TSX:TECK.B)(NYSE:TECK), CCL Industries (TSX:CCL.B), and MTY Food Group (TSX:MTY) for having fallen 29%, 19%, and 20%, respectively.However, they can make you a super stock picker in the future if you buy them at the right time. First, let’s explore why the stocks are down.Teck Resources stock down by a halfTe...Read More
Vault alarm. The gold price surged to the highest since January 2013 on Monday as retail investors and hedge funds piled into the safe havens to inoculate against growing panic about the spread of coronavirus infections outside China.The gold price jumped out of the gate on the Comex market in New York, touching a high of $1,691.70 shortly after the open, up $42.90 an ounce or 2.6% compared to Fr...Read More