RAPAPORT... Mountain Province has decided to delist itself from the Nasdaq stock exchange following six months in which its shares were below the minimum bid price.The company, which is also listed on the Toronto Stock Exchange (TSX), has been out of compliance with Nasdaq since August, when its stock dipped below $1 per share minimum for more than 30 consecutive business days. At the time, Nasdaq...Read More
RAPAPORT... US consumer spending on gifts is expected to increase 32% this Valentine's Day, with jewelry topping the list at nearly $6 billion, according to the National Retail Federation (NRF). Consumers intend to lay out $27.4 billion on their loved ones over the holiday, beating last year's record $20.7 billion. The growth comes as the number of people celebrating the holiday this year ret...Read More
RAPAPORT... De Beers Group Industry Services will provide diamond-grading reports to RDI Diamonds in its first foray into the US market.The grading-lab arm of the mining giant will be the exclusive provider of grading services for the New York-based diamond wholesaler's Rare and Forever brand, De Beers said last week. It will also assist RDI with educational activities and sales training."This mov...Read More
(IDEX Online) - Prices of round diamonds continued to be fairly stable in December, with many categories seeing isolated or limited changes. The changes that occurred in goods below 1.00 carat were mostly positive; 0.30-0.39 cts, D/VVS1-VS2 increased 2-4 percent, 0.90-0.99 cts, G-J / VVS2 increased 1.5-3.5 percent. Items sized 2.00-4.00 carats saw some negative change, with the 2.00-2.99 carat cat...Read More
(IDEX Online) - Alrosa has held its first trading session following the expansion of its Alrosa Alliance client list. The company added 15 new members this month, increasing the total number of Alrosa Alliance members to 76. Among the new members are four jewelry companies and 11 clients specializing in industrial rough diamonds.Meeting the requirements of Alrosa Alliance is an essential condition...Read More
(IDEX Online) - Jewelers Mutual has launched its annual ad campaign. The latest campaign, developed with Chicago-based creative agency Laughlin Constable, is a satirical look into what the insurer calls the "reality of jewelry infatuation." The premise for the "Jewelry Obsessed" campaign came from the company's consumer focus groups who reported that shopping for engagement rings and oth...Read More
On Thursday, Canada's main stock index TSX registered a small increase on strong U.S. corporate earnings and improved risk appetite in the midst of ongoing threats from a coronavirus pandemic. Gold climbed to a near three-week high on Monday as growing concerns over the economic fallout of the coronavirus outbreak saw investors looking for safe havens. Spot gold was up 0.4% at $1,577.31 per ounce...Read More
A Northern Territory gold mine which could create up to 80 jobs and provide a shot in the arm to the embattled nearby town of Pine Creek could be put in jeopardy by a rare and tiny flying mammal.Read full newsRead More
A Northern Territory gold mine which could create up to 80 jobs and provide a shot in the arm to the embattled nearby town of Pine Creek could be put in jeopardy by a rare and tiny flying mammal.Read full newsRead More
"IAMGOLD PAYS $2.35 MILLION TO VANSTAR AND GETS AN ADDITIONAL 24% INTEREST IN THE NELLIGAN PROJECT#GoldStock #Vanstar $VSR #TSXV #IAmGold #SmallCaps #StocksToTrade #StocksToWatch #MomentumStockshttps://t.co/z5cQwR1T98"Read full newsRead More
The copper price declined again on Monday as markets in China, responsible for more than 50% of the world's copper consumption, reopened to deep losses after an extended halt to trading due to the coronavirus outbreak. Thirteen consecutive down days in New York saw copper for delivery in March pushed down 14% in value, last trading at $2.4875 a pound ($5,485 a tonne) on the Comex market in New Yor...Read More
Results from the most recent exploration release from the Cliff Creek South zone at Benchmark Metals' Lawyers project extended the total mineralized strike of the Cliff Creek area to over 1 km.Drill highlights include:102 metres of 1.44 g/t gold-equivalent;111 metres of 0.77 g/t gold-equivalent; and19.6 metres of 1.61 g/t gold-equivalent."The Cliff Creek South zone is providing the grade, consiste...Read More
Beartrack is a former producing gold mine located approximately 17 km northwest of Salmon, Idaho. Credit: Revival Gold Revival Gold (TSXV: RVG) has announced the results of an updated mineral resource estimate completed on the company's past-producing Beartrack-Arnett gold project located in Lemhi County, Idaho.The new Beartrack-Arnett resource outlines an indicated mineral resource of 36.4 milli...Read More
It's rained for the past week here in Spokane. The ski bums and ridge hippies aren't stoked about it. All this rain should be sweet, dry powder - it's late January in the Pacific Northwest for crying out loud. You know weather patterns are shifting. Storms and fires are getting stronger.I don't know if we're causing it or not. What I do know is that doing things more cleanly and sustainably is...Read More
Teck's Fording River metallurgical coal operation in BC. Credit: Teck Resources. Teck Resources has announced that it aims to be carbon neutral across all its operations by 2050.The miner, a major producer of base metals and metallurgical coal that also has oilsands assets, says its goal demonstrates its commitment to support the transition to a low-carbon economy. The move also aligns with Paris...Read More
Moody's expects 2020 to be another exemplary year for the environmental, social and governance (ESG) bond market, with issuances expected to reach record levels.(Stock image.)The issuance of green, social andsustainability bonds, those where the proceeds will be exclusively applied toeligible environmental and/or community projects, are expected to climb24% to $400 billion in 2020 from a previou...Read More
The three-month aluminium price on the London Metal Exchange settled at a three-year low at the close of trading on Monday February 3, below the $1,700 per tonne support level against a 16-month high in turnover, while lead's price decline over the day was the starkest in the base-metals complex.Aluminium's outright price on the LME closed at $1,686.50 per tonne on Monday afternoon, its lowest lev...Read More
Canadian copper producer Taseko has decided to take action to protect itself against the tumbling London Metal Exchange copper price.Vancouver-listed Taseko placed put options for 22.5 million lbs of copper (10,206 tonnes) - equivalent to 75% of February, March and April production at its British Colombia-located Gibraltar mine - it said in a notice on Monday February 3.Read More
Russian aluminium producer UC Rusal is suspending the operation of its Bauxite Company of Guyana (BCGI) business in Guyana on "serious illegitimate actions" but will continue to obtain bauxite supply from its other mines, it said on Monday February 3.Rusal owns 90% of BCGI, based in Georgetown, which has an annual production capacity of 2.3 million tonnes of bauxite. The remaining 10% belongs to t...Read More
View the Fastmarkets holiday pricing schedule for 2020 and 2021. Click on the image below to view the Fastmarkets holiday pricing schedule for base metals, minors, ores & alloys and industrial minerals, and ferrous prices for 2020 and 2021.The 2020 calendar has been updated to include the extended Lunar New Year holiday in China, which affected certain prices. See the following pricing notices for...Read More