(IDEX Online) - Bruce Cleaver, co-chairman of the De Beers Group, today said he was confident of reaching a deal with the government of Botswana that was fair to both sides. He said he couldn't reveal details of ongoing negotiations, but what he could say was that they were "offering a win-win deal which is something we can live with, and they can live with". Cleaver (pictured), who stepped d...Read More
(IDEX Online) - Luxury watchmaker Jacob & Co is paying tribute to the ultra-expensive Bugatti car company, with a $1m tricolor timepiece.The Bugatti Chiron Tourbillon Molsheim Edition takes its name from the $2.9m supercar, the super-accurate tourbillon watch mechanism and Molsheim, the French town where Bugatti was founded in 1909.The one-off 18K gold timepiece features three stripes of bague...Read More
Video Series: Mining Journal speaks with Dr Michelle Michot Foss SPONSOREDsaudi ministry of industry and mineral resourcesSouthern Silver excited by high-grade prospects at Cerro Las Manitas SPONSOREDsouthern silver exploration corp.Rex Minerals nearing investment decision on Hillside copper-gold projectSPONSOREDrex mineralsAvino Silver & Gold looks to triple production by adding assetsSPONSOR...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 24 points at 8:30 AM EDT. Index futures responded to news that First Citizens Bank has acquired a major part of the assets of failed Silicon Valley Bank.Novartis advanced $5.60 to $89.19 after announcing positive results from a breast cancer drug trialCaterpillar dropped $2.86 to $214.15 after Baird downgraded the stoc...Read More
Anyone who thinks the banking crisis is over has never lived through one. This is my tenth, starting with Herstatt. And this one is just getting started, despite all the happy talk that the crisis is over.Let's dive in...The litany of recent bank failures has become all too familiar. It began in early March with the bankruptcy filing of Silvergate Bank. Silvergate was not just another commercial b...Read More
The current madness has to stop. And it will stop because, as the old wag Herb Stein laid down in his law years ago: Things that can't go on, stop.Which raises the question: Which things?And the answer is the things Western Civ is doing in its attempted suicide: inciting war, recklessly running up debt, persecuting its own citizens and stealing their liberties, subjecting them to medical malfeasan...Read More
In the smothering 35 ? Celsius dry heat in the shadow of no fewer than 19 active volcanoes, Canadian outfit Calibre Mining (TSX: CXB; US-OTC: CXBMF) is accelerating gold production growth in Nicaragua.Not only is the Central American country regarded as one of the top coffee, cocoa, and tobacco exporters globally, but the geologically active jurisdiction remains exceptionally prospective for miner...Read More
Canadian Mining Journal Editor-in-Chief Tamer Elbokl talked to Mark Fellows, director and cofounder of Skarn Associates, about the mining sector's efforts to reduce carbon emissions during the PDAC convention in March in Toronto. Fellows explains why decreasing costs for renewable energy are about to hit a tipping point that will accelerate decarbonization in the industry.Read More
Canadian Mining Journal Editor-in-Chief Tamer Elbokl interviews Rob McEwen, the chairman and CEO of McEwen Mining, during the PDAC convention in March. McEwen, who was the founder, former chairman and CEO of Goldcorp, talks about the company's growth prospects, Stellantis's recent investment in McEwen Copper, and the investment case for both.Read More
Copper Mountain Mining (TSX: CMMC; ASX: C6C) sees a strong year ahead with a sizeable increase in production, having made improvements to its processing plant and boosted reserves at its flagship southern British Columbia operation.In its full-year results release on Monday, the company is forecasting copper production to reach 88 million to 99 million lb. in 2023. If achieved, this would represen...Read More
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. TNM Drill Down Mar. 17-24, 2023Results from three corners of the globe led the week of Mar. 19. Rupert Resources (TSX: RUP) says new assays may expand the Ikkari gold project in northern Finland. Kaiser Reef (ASX:KAU...Read More
Stocks ended the Mar. 20-24 trading period with a modest gain as investors weighed the impact of the banking crisis in the United States while central banks appeared near the end of their interest rate hikes to calm inflation. The S&P/TSX Composite Index added 113.77 points or 0.6% to 19,501.49. The S&P/TSX Global Mining Index increased 2.12 points or 2% to 110.21, and the S&P/TSX Global Base Me...Read More
The S&P/TSX Venture Composite Index increased 6.8 points or 1.1% over the Mar. 20-24 trading session, ending at 611.88.The week's top value gainer was Houston, Texas-based Itafos, which closed 50 ? per share higher on Friday at $2.15. The gain comes on the heels of a white-knuckle ride for shareholders over the past 12 months that saw Itafos share prices trading between $3.94-$1.39 apiece. Shares...Read More
The Dow Jones Industrial Average gained 604.76 points or 1.89% and the S&P 500 closed 72.15 points or 1.6% higher at 3,979.15 over the Mar. 20-24 trading week.Mexico and Peru-focused Southern Copper led the miners in terms of value gainers, closing the week US$3.13 higher at US$71.24 per share. Despite a drop in 2022 production reported in its 2022 full-year results on Mar. 15, the company is anti...Read More
Mexico's antitrust authority Cofece has approved Pan American Silver's (TSX: PAAS; NASDAQ: PAAS) acquisition of all issued and outstanding common shares of Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY), which has gold, silver and copper assets in Latin America.In November, Pan American and Agnico Eagle Mines (TSX: AEM; NYSE: AEM) trumped Gold Fields' (NYSE: GFI; JSE: GFI) bid for Yamana with a join...Read More
The Panamanian government launched a 30-day non-binding public consultation process related to the contract it signed with First Quantum Minerals (TSX: FM), the operator of the Cobre Panama mine.Following a year of bitter negotiations, which included an order for Cobre Panama to cease operations and the launching of international arbitration mechanisms, the new contract was finally agreed upon on...Read More
Shares in troubled miner Scotgold Resources (LSE: SQZ) fell more than 70% on Monday after it warned there was "significant" uncertainty over its ability to keep operations going at Scotland's first commercial gold and silver mine. The company behind the Cononish, which received initial approval for the mine in 2018, poured first gold in December 2020 and achieved commercial production in July...Read More
This week we meet Martin Turenne, CEO of FPX Nickel [TSXV:FPX], a Canadian nickel miner.We discuss the strategic importance of the metal, how governments a...Read full newsRead More
The XAI Octagon Floating Rate & Alternative Income Trust continues to benefit from rising interest rates. Click here to read why we rate XFLT CEF a Buy.Read full newsRead More
Lemonade has a number of rate increase proposals filed with regulators that will improve loss ratios further once approved. Read why LMND stock is a Buy.Read full newsRead More