David HaggithIt just can't get bad enough, and I can 't write fast enough. The headlines at the end of the week are now stunning, so I'm going to share several of them along with some quotations from the bawling and dying market bulls. In just one week, this has become the fastest stock market plunge since the Great Depression! So, if you have a bull you love, save his bullish butt by nailing...Read More
Greg Weldon: Could Get Worse for Markets But It's a Gold/Silver Buying OpportunityWelcome to this week's Market Wrap Podcast, I'm Mike Gleason.Coming up Greg Weldon of Weldon Financial joins me for another tremendous interview where he breaks down the market fallout still ahead of us as a result of the coronavirus, why gold and silver won't be immune to the selloff that will continue to take pla...Read More
Y2K ReduxSupply Chains UnlinkedFed FutilitySome Silver LiningsHow to Find the Opportunity I See EverywhereFor the last 3+ years, I have maintained it would take an "exogenous" event to send the United States into recession. Historically suboptimal growth? Sure, but sub-3% growth isn't a recession.The coronavirus obviously qualifies as an exogenous event. But that doesn't mean a textbook two-quar...Read More
Here are five Fastmarkets stories you might have missed on Friday February 28 that are worth another look.The steel export trade from Iran has been hurt by neighboring countries closing their borders due to the appearance of coronavirus infection in the Middle Eastern country, Fastmarkets learnt on February 28.The global novel coronavirus (2019-nCoV) outbreak is putting bearish pressure on negotia...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended Feb-28, 2020$BTG $KOR.TO $EDV.TO $GCM.TO $MAG $SKE.V $AUY B2Gold: The company finished 2019 very strong and had a record 2019. Production for the full year totaled 980k oz. Au. In 2020, production is forecast at 1m-1.055m oz. Q4 2019 all-in sustaining costs (AISC) came in at $882/oz. and cash flow from operations totaled $1...Read More
RAPAPORT... Marvin Heyman, president of jewelry manufacturer and brand Oscar Heyman & Brothers for 14 years, died on February 23 at the age of 89.Heyman began his career with the family-run firm started by his uncle in 1953, working as a bench jeweler in the shop as well as in the company's diamond office. After 10 years, he moved to the workshop alongside his father, Harry Heyman, becomi...Read More
RAPAPORT... Borsheims has promoted Jaci Stuifbergen to marketing manager. She will oversee the company's marketing strategies, programs and campaigns.Stuifbergen, who started at the Berkshire Hathaway-owned business in 2012, was promoted to senior marketing and event specialist in 2018. In her new role, she will be responsible for guiding the store's print and catalog production, digital adve...Read More
RAPAPORT... De Beers plans to split sightholders into three categories and offer each group a more bespoke selection of rough diamonds as part of changes to its sales system.Manufacturers, dealers and retailers will sign specific supply contracts designed for the "broad needs" of each business model, a De Beers spokesperson told Rapaport News Thursday.The arrangement will take effect in Janua...Read More
RAPAPORT... Baselworld has called off this year's fair after Swiss authorities banned large-scale events because of the coronavirus.Show organizer MCH Group has postponed the event - which had been scheduled to take place April 30 to May 5 in Basel, Switzerland - to January 28 to February 2, 2021, it said Friday. From then on, the fair will take place at the beginning of each year, in accorda...Read More
(IDEX Online) - Russia's deputy finance minister Alexey Moiseev says he's working on a "road map" towards lifting a ban on rough diamond exports from parts of the Central African Republic (CAR). Exports have been allowed from some parts of the poverty-stricken country, labelled green areas, since a total ban was lifted in 2013. But sales of "conflict diamonds" from so-called "red areas",...Read More
(IDEX Online) - Prices remained fairly stable in January, with the range of mixed but minor changes that have become a theme in recent months. There was isolated or limited movement in some categories of round and fancy, but a standstill in most.Larger rounds (1.50-2.99 ct) saw modest increases of up to 3 per cent and pointers (0.18 to 0.29 ct) were up in some categories around 5 per cent. Ha...Read More
(IDEX Online) - De Beers is reportedly set to update its terms with sightholders, in response to a disastrous year for the diamond industry in 2019. The 80 or so sightholders will be divided into dealers, manufacturers and integrated retailers, according to reports by Bloomberg and Reuters. As a result, they'll get stones better suited to their needs. Buyers currently have no choice but to ac...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resources"There will be stimulus from China, but where will it be directed and how effective will it be?" he said.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesMinister Prokurica said the travel restrictions between provinces in China were impacting the manufacturing sector but that no shipments of copper cathodes or concentrates had experiencedRead 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 resourcesFinancing risks can be managedSPONSOREDIn its judgment, the court determined the plaintiffs' claims could continue and the question of whether the plaintiffs might sue Nevsun for breach...Read More
AVALON ADVANCED MINERALSSenior geologist Chris Pedersen in a core shack at Avalon Advanced Materials' Separation Rapids lithium project near Kenora, Ontario. Credit: Avalon Advanced Materials.Avalon Advanced Minerals (TSX: AVL; US-OTC: AVLNF) is a Canadian mineral development company specializing in sustainably-produced materials for clean technology.The company has three advanced-stage projects...Read More
Debuting at AME Roundup last January, the "soft launch" of Lantern was anything but soft. With giant projections on the sides of nearby buildings and miniature mining lanterns trading hands across the floor, the buzz around the young start-up's interactive booth was as energetic as its name.Attracting interest from an equal mix of drilling, mining and mineral exploration companies, Lantern brings...Read More
When the Eagle gold mine achieves commercial production in the second quarter of this year, it will not only be Canada's newest gold mine but the largest in Yukon history.And with gold trading at its highest price in about seven years, the official start comes at an opportune time for Toronto-based Victoria Gold Corp. (TSX: VGCX), Eagle's 100% owner and operator.At about US$1,575 an ounce, the pri...Read More
For any organization with heavy assets, the search for enterprise resource management (ERP) software can be challenging. There are sophisticated requirements at play and heavy costs associated with new systems. And when a mine is trying to maximize investment benefit while dealing with the inherent volatility and risk of the industry, any expenditure must make sense to their operations."From early...Read More
Traditionally, dropping a plug for cementing, grouting, wedging or any one of several downhole applications has taken three rod trips: one for pulling the entire drill string out of the hole, two for installing a rod shoe and going back down, and three for pulling the rods after a plug was set. It's a feat that's taken many hours across multiple shifts to achieve, assuming no mistakes were made al...Read More