VANCOUVER, BRITISH COLUMBIA / November 14, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) and engineering subsidiary PurLucid Treatment Solutions Inc. ("PurLucid") are pleased to announce they have received notice of publication of its patent for a new method to produce boiler feed water using low energy water treatment. The technology will facilitate using...Read More
Here we have silver at $14 and with JPMorgan shorting the snot out of it for no conceivable legitimate economic motive, just as the Justice Department announces a criminal guilty plea by one of its former silver traders for manipulating prices. I could never have made any of this up if I tried. - Ted Butler / November 10, 2018On the heels of the US Department of Justice's commodity fraud and consp...Read More
Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Android | Email | Stitcher | RSSSilver is approaching a three year low. The Silver Guru David Morgan joins Silver Doctors to discuss what's going on with silver and a whole lot more...David Morgan of The Morgan Report interviewed by Elijah Johnson of Silver DoctorsMany silver bulls are giving up, Morgan says. But this could change....Read More
SD Midweek: Crude oil has dropped in price to the mid-$50s, and silver just hit fresh, new 52-week lows, just like clockwork. Here's an update...I have been saying, for months now, if the price of crude oil drops into the mid-$50s, then the metals, and especially silver, would be headed lower.Check out this crude oil chart that I printed out this morning:Yes, it is down more than 28% from its high...Read More
Peter KrauthThe price of silver has been beaten down so badly lately, it's become massively oversold.In response to a blistering dollar rally, silver has sold off to levels last seen in late 2015, when silver prices put in a major multiyear low.That's been tough for silver bulls, who watched silver gain 5.4% in October after its September bottom.But smart money silver hedgers are still near extrem...Read More
RAPAPORT... Bonhams will spotlight a 24.31-carat diamond at its upcomingFine Jewels sale in London, estimating it will fetch $1.7 million to $2.3million. The step-cut, D-color, internally flawless diamond belongsto aprivate collector, and will come to auction for the first time on December 5. The sale will feature several Kashmir sapphires, including acushion-shaped, 8.08-carat sapphire ring...Read More
RAPAPORT... Sotheby's New York will auction a 20.60-carat diamond ring thatFrank Sinatra gifted to his wife on their engagement in 1976. The emerald-cut diamond ring is one of several pieces ofBarbara Sinatra's jewelry that will feature at the Magnificent Jewels auctionon December 4. Frank popped the question by throwing two diamonds on their bedand telling her to pick one. Once she had made...Read More
RAPAPORT... The World Diamond Council (WDC) has released its proposed newKimberley Process (KP) definition of conflict diamonds, which addresses abroader range of human-rights abuses. The definition describes them as "rough diamonds used bypublic security forces or private (including criminal or mercenary) armedgroups to acquire wealth through illegal control, bribery, taxation, extortionor d...Read More
RAPAPORT... Harry Winston bought a pink diamond for more than $50million at Christie's Magnificent Jewels sale in Geneva, setting a worldauction record. The rectangular-cut, 18.96-carat, fancy-vivid-pink stonewent for $50.4 million at the auction Tuesday, becoming the most expensive pinkdiamond Christie's has sold, the auction house said. At $2.7 million per carat,it also achieved...Read More
RAPAPORT... Mountain Province decided not to pay a quarterly dividend toshareholders due to challenging conditions in the diamond market, the minerreported. Demand for rough from its Gahcho Ku?(C) mine in Canada was sluggishin the third quarter amid weakness in India, the company said Monday. Prices oflower-value diamonds dropped even as sales increased 15% year on year to CAD74.9 million ($5...Read More
(IDEX Online) - Christie's sold the 18.96-carat Winston Pink Legacy, the largest and finest fancy vivid pink diamond it has ever auctioned, for $50,375,000, a world auction record price per carat for a pink diamond of $2,656,909. The November Luxury sales in Geneva raised $126,312,257, with registered bidders from 51 countries from six continents participating in the Magnificent Jewels sale...Read More
The Prospectors and Developers Association of Canada (PDAC) has announced the winners of its yearly awards, which recognise the work of international and domestic leaders in the mineral exploration and mining community.The Bill Dennis award went to Peregrine Diamonds, which discovered the Chidliak diamond district, near Iqaluit on Baffin Island. Exploration programmes and engineering studies compl...Read More
(IDEX Online) - Ben Bridge Jeweler, the family-run fine jeweler with 95 retail stores in 11 states and one Canadian province, announced that Chairman and CEO Ed Bridge is retiring as of January 31, with company President and COO Lisa Bridge becoming President and CEO. Having served as the first female President of Ben Bridge Jeweler, Lisa Bridge will now continue her service as the fifth g...Read More
(IDEX Online) - ALROSA sold 119 large special size rough diamonds (over 10.8 carats) with a total weight of 1,890 carats for $10.3 million at the final auction of the year in Vladivostok. The company said that 26 companies from global diamond trading centers secured goods at the sale. "Since the beginning of 2018, we held four auctions there, including the last one, gaining almost $...Read More
GENEVA – The "Pink Legacy", a diamond weighing just under 19 carats, fetched a record 50.375-million Swiss francs ($50-million), purchased by US-based luxury jeweller Harry Winston, Christie's said on Tuesday.Harry Winston, owned by Swatch whose CEO is Nayla Hayek, daughter of the late Swatch founder Nicolas Hayek, promptly renamed it "The Winston Pink Legacy", adding...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesThe scale of the Frisco project is demonstrated by the two systems that "book end" it - the large copper-zinc-lead-gold-silver bearing skarn at Accrington which measures up to 4km-by-2km, and the cluster of copper-gold-silver breccia pipes at Cactus over 5km to the north.With exploration continuing to demonstrate strong mineralisation at...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipDR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftKyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal internationalThe headline intercept was 500.3m at 2.19g/t gold-equivalent, or 0.8g/t gold, 0.66% copper and 2.24g/t...Read More
Kyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal internationalThe Toronto-based company said its improved performance was owing to a trebling of gold production from its 100%-owned Beta Hunt mine, in Western Australia, to 31,360 ounces, helping push sales for the quarter up 175% 23,805oz.But RNC said it had generated more than $10 million EBITDA in the third quarter, an...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesThe LME spot price has tumbled from US$7,330.50 a tonne on June 7 to less than $5,800/t in mid-August, recovering to last trade at $6,088.50/t.Tariffs and the need for copper mine investment are among the challenges facing the copper industry, Reuters reported, with two China-based traders saying they had seen strong physical buying of c...Read More
Three-month base metals prices on the London Metal Exchange were broadly weaker on the morning of Wednesday November 14, with the three-month copper price down by 0.1% at $6,040 per tonne. This after Tuesdays energetic start that saw the red metal reach $6,181 per tonne at one point. Three-month nickel, lead and zinc were down by 0.2%, 0.3% and 1% respectively on the LME this morning, w...Read More