RAPAPORT... Gem Diamonds fell into the red in the first half of 2020 as the coronavirus crisis froze the rough market and restricted the company's sales.The net loss of $113,000 - compared with a $9.7 million profit a year earlier - resulted from a 24% slump in revenue to $69.5 million for the six months. The cost of sales declined 16% year on year to $49.9 million, the company reported...Read More

RAPAPORT... BlueRock Diamonds saw the average price for rough from its Kareevlei mine increase 14% in July compared with the previous month, it reported last week.The miner sold 3,805 carats of diamonds from the South African deposit for $1.3 million during the month, with the average price of $330 per carat exceeding the company's expectations, it said. BlueRock sold the stones through a private...Read More

(IDEX Online) - The iconic Argyle mine is selling a collection of 62 diamonds, weighing just 57.23 carats, in one of its last tenders before production ceases.The headline "hero" item in its 2020 Argyle Pink Diamonds Tender is the Argyle Eternity, a 2.24 carat round brilliant fancy vivid purplish pink diamond - the largest stone of its type the mine has ever offered for sale.There are five other "...Read More

(IDEX Online) - Gem Diamonds, which operates the highest dollar per carat kimberlite diamond mine in the world, reported a slump in first-half profits from $18.7m to just $2.5m.The London-based miner has been hard hit by the coronavirus pandemic and saw revenue slip from $93.1m in H1 of 2019 to $69.5m. It had to close its Let?... ?eng mine (pictured) in Lesotho from 28 March to 26 April becau...Read More

(IDEX Online) - A 17.34-carat emerald-cut diamond ring broke the Australian record for a jewelry item sold at auction when it fetched A$575,000 (US$418,000).The gem, set in platinum with a pave-set of brilliant-cut diamonds, was reportedly bought by billionaire heiress and socialite Francesca Packer-Barham, 25, niece of the late media tycoon Kerry Packer.Australia's previous record for an auc...Read More

The Dow Jones Industrial Average fell 1.82% to 28,133.21 and the S&P 500 dropped 2.31% to 3,426.96 during the Aug. 31-Sept. 4 trading week. Spot gold lost 1.50%, or US$29.50 per oz., and finished the week at US$1,934.80 per ounce.Sibanye-Stillwater climbed US78 ? to US$13.19. The company reported that higher precious metal prices during the first half of 2020 underpinned its adjusted earnings befo...Read More

The S&P/TSX Composite Index fell 2.92% to 16,218.01 during the Aug. 31-Sept. 4 trading week. The S&P/TSX Global Base Metals index dropped 0.66% to 104.84, and the S&P/TSX Global Gold Index lost 2.44% to 373.07. Spot gold fell US$29.50 per oz., or 1.5%, to finish at US$1,934.80 per ounce.PolyMet Mining's shares posted the largest gain after a district court in Minnesota found that the water permit...Read More

The S&P/TSX Venture Exchange was down 1.56% to 733.69. Spot gold fell 1.5%, or US$29.50 per oz., finishing the week at US$1,934.80 per ounce.Shares of Cornerstone Capital jumped $1.24 to $5.35. The company reported that drilling at its Miocene project, which was scheduled to start in February and March but was suspended due to Covid-19, will restart between December 2020 and April 2021. The Miocen...Read More

Jake Klein, executive chair of Evolution Mining says increased geopolitical tensions and unprecedented global stimulus has created a perfect environment for higher gold prices.Read full newsRead More

VANCOUVER, BC, Sept. 3, 2020 /CNW/ - First Energy Metals Ltd. (CSE: FE) ('First Energy' or the 'Company) is pleased to announce assay results of s...Read full newsRead More

Are you worried about the looming recession and the resulting stock market crash? There are many indicators that the economy could fall into recession once the government eases its fiscal support. Whenever there is uncertainty in the modern financial system and the value of the currency, investors flock to gold as a safe haven. When the dollar depreciates, physical gold appreciates. Now, the quest...Read More

The most remarkable Warren Buffett move this year, I believe, is his decision to initiate a stake in premier gold miner Barrick Gold (TSX:ABX)(NYSE:GOLD), going against the man’s previous words of wisdom. Indeed, his decision to go for gold is a sign of the times.We’re in a rock-bottom interest rate environment, with a growing threat of inflation given the unprecedented amount of monet...Read More

Sep 07, 2020 Guest(s): Daniel Pavilonis Senior Market Strategist, RJO Futures A post-COVID-19 global economy is creating a paradigm shift in financial markets that will continue to benefit gold, even as prices struggle to break through resistance at $2,000 an ounce, according to one market analyst.In an interview with Kitco News, Daniel Pavilonis, senior market strategist at RJO Futures, said th...Read More

Here are five Fastmarkets stories you might have missed on Monday September 7 that are worth another look.The Labor Day holiday in the United States meant that three-month base metals prices on the London Metal Exchange were little changed at the close of trading on Monday, with trading volumes thin. LME nickel futures showed the biggest losses over the afternoon.In Asia, Vietnamese buyers remaine...Read More

Three-month base metals prices on the London Metal Exchange were little changed at the close of trading on Monday September 7, with trading volumes across the day thin because of the Labor Day national holiday in the United States, while LME nickel futures topped losses over the afternoon.Nickel's outright price on the LME closed at $15,186 per tonne on Monday afternoon, dipping from an intraday h...Read More

Three-month base metals prices on the London Metal Exchange were mixed during morning trading on Monday September 7, with low turnover across the Asian trading session prompting sideways trading, while an ongoing drawdown in LME copper stocks kept the red metal's underlying price elevated. Copper's three-month price on the LME was recently trading at $6,743.50 per tonne on Monday morning, climbing...Read More

Producers of seaborne manganese ore, both 38% and 44% grades, successfully raised their offer prices on a cif Tianjin basis over the week ended Friday September 4, with support from the rise in value of the Chinese yuan, and from rising port and alloy prices, and despite underlying concerns about ore oversupply.Fastmarkets' manganese ore index, 37% Mn, cif Tianjin, was $4.22 per dry metric tonne u...Read More

The latest data for the global manganese ore market for the week ended September 7, 2020.Read More

The South Africa-focused company, saw its PGM basket price rise by 58% year-on-year to US$2,015/oz in FY2020, driven mainly by higher rhodium and palladium prices.Read More

Here are five Fastmarkets stories you might have missed on Monday September 7 that are worth another look.The Labor Day holiday in the United States meant that three-month base metals prices on the London Metal Exchange were little changed at the close of trading on Monday, with trading volumes thin. LME nickel futures showed the biggest losses over the afternoon.In Asia, Vietnamese buyers remaine...Read More