Recent News

Once upon a time in Peru

July 05, 2022 / www.mining-journal.com

Orexplore leads the pack in core analysisSPONSOREDorexploreAlmonty plans top tungsten production outside ChinaSPONSOREDalmonty industriesStars align for Tinka at AyawilcaSPONSOREDtinka resourcesAsian Battery Metals AllianceSPONSOREDaranjin resourcesNo wonder all eyes are on Quellaveco, Anglo American's giant new copper mine in Peru, due to come on stream within weeks.Read More

TJ Maxx Slashes Diamond Prices by 75%

July 05, 2022 / www.idexonline.com

(IDEX Online) - British stores run by TJ Maxx are cutting the price of diamond rings by as much as 75 per cent.The global budget retail chain, which brands its 350 UK stores as TK Maxx, is selling a $4,800 14ct white gold ring (pictured) with 0.90ct diamonds (no further details given) for $1,200.A 9ct gold ring with 1-ct tcw of diamonds (again, unspecified) is down from $3,700 to $1,200.The compan...Read More

Proposal Ruined: Hapless Romantic Drops Ring in Lake

July 05, 2022 / www.idexonline.com

(IDEX Online) - Four million viewers have watched a TikTok video of hapless romantic Ross Bamber, 26, dropping a $1,200 diamond engagement into a lake during a disastrous marriage proposal.Video shows the ring falling from its box as he prepares to slip it on to the finger of fianc?? (C)e-to-be Geri Ashforth, 23 after a candlelit meal for two."That wasn't what I thought it was, was it?" she a...Read More

Amazon and Cartier Sue Alleged Counterfeiters

July 05, 2022 / www.idexonline.com

(IDEX Online) - Amazon and Cartier are jointly taking legal action against a Chinese social media influencer and eight businesses accused of counterfeiting.They accuse defendants named in court papers as Phmn9y3v, Vfdnytu, Amazing Jewelry You Want, Miao-He and others, of selling luxury goods through Instagram and other websites, infringing on Cartier's registered trademarks and violating Amaz...Read More

Glencore Canada goes electric trucking

July 05, 2022 / www.mining-journal.com

Orexplore leads the pack in core analysisSPONSOREDorexploreAlmonty plans top tungsten production outside ChinaSPONSOREDalmonty industriesStars align for Tinka at AyawilcaSPONSOREDtinka resourcesAsian Battery Metals AllianceSPONSOREDaranjin resourcesThe has been placed with Swedish firm Epiroc. The US$700 million nickel and copper development is located below the existing Craig mine and is being de...Read More

Chile smelting down as environmental rules bite-SAVANT

July 05, 2022 / www.mining-journal.com

Satellite surveillance by commodities broker Marex and the satellite service Earth-i in their geo-spatial product SAVANT showed reduced smelting activity in Chile as well as weak activity in China andRead More

Nevada Copper thrown non-binding lifeline

July 05, 2022 / www.mining-journal.com

The Pumpkin Hollow copper project owner has agreed non-binding terms for the loan with its senior lender KfW IPEX-Bank and its largest shareholder Pala Investments by way of a new tranche extension of the existing senior credit facility with KfW.The update follows Nevada Copper last week announcing that liquidity issues had resulted in the company suspending most mining activities and falling into...Read More

Tech Talk for Tuesday July 5th 2022

July 05, 2022 / www.timingthemarket.ca

U.S. equity index futures were lower this morning. S&P 500 futures were down 41 points in pre-opening trade. Alphabet $GOOG slipped $19.75 to $2,155.00 after Moness lowered its target price from $3,500 to $2,900.Shopify slipped $0.42 to US$30.99 after Truist lowered its target price from $45 to $35.General Motors dropped $0.54 to $31.65 after JP Morgan lowered its target price from $71 to $64....Read More

Two Red Lake hopefuls crater on brewing Barrick beef

July 05, 2022 / www.northernminer.com

The shares of two Red Lake Gold Camp-focused 'close-ology plays' crashed on Tuesday after they made public that Barrick Gold (TSX: ABX; NYSE: GOLD) has named them parties in a statement of claim for $120 million for a cancelled exploration earn-in option on each of the companies' respective exploration projects.Dixie Gold (TSXV: DG) and Red Lake Gold (CSE: RGLD), each headed by CEO Ryan Kalt, reve...Read More

Monarch Mining feeds first ore to Beacon mill in Quebec

July 05, 2022 / www.northernminer.com

In an update on the recommissioning of its wholly owned Beaufor mine and Beacon mill, Monarch Mining (TSX: GBAR; OTC: GBARF) said it has begun feeding ore to the mill and expects to make its first gold pour this month.The Beaufor mine and Beacon mill are located about 20 km northeast of Val d'Or, Que., and have produced over 1.1 million oz. of gold since it first opened in the 1930s. Monarch acq...Read More

Rio2's EIA for Fenix gold project again rejected by Chilean authorities

July 05, 2022 / www.northernminer.com

Shares of Rio2 (TSXV: RIO; US-OTC: RIOFF) on Tuesday reached their lowest value since March 2020 as Chile's regional evaluation commission, which includes 12 government bodies, again rejected the company's environmental impact assessment (EIA) for its Fenix Gold project in the Atacama region.The news comes days after the project's EIA was denied by the environmental assessment service (SEA), a nat...Read More

Mkango feasibility for Songwe Hill rare earth project pegs capex at US$277M, post-tax NPV at US$559M

July 05, 2022 / www.northernminer.com

Africa-focused rare earths explorer Mkango Resources (TSXV: MKA) has reached a major milestone with the release of a definitive feasibility study for its Songwe Hill project in Malawi. Located 90 km from the commercial centre of Blantyre, the Songwe project is the cornerstone of Mkango's mine, refine and recycle strategy, underpinning the development of a proposed separation plant in Poland and co...Read More

The Northern Miner Podcast - episode 298: Central banks are buying gold at higher prices, ft CPM Group managing partner Jeffrey Christian

July 05, 2022 / www.northernminer.com

This week's episode features CPM Group managing partner Jeffrey Christian in conversation with host Adrian Pocobelli. Jeffrey discusses an increase in busyness in the precious metals market, as well as how central banks around the world are starting to buy gold at higher prices. He also explains why the G7 plan to ban Russian gold exports is largely symbolic with few real-world implications.All th...Read More

Hecla Mining acquires Yukon miner Alexco Resource in all-share deal

July 05, 2022 / www.northernminer.com

American silver producer Hecla Mining (NYSE: HL) has agreed to acquire all shares of Canadian Alexco Resource (TSX: AXU: NYSE-AM: AXU) it doesn't already own, in a deal that values the target's shares at US47 ? each.The Coeur d'Alene, Idaho-based miner, said the figure represents a premium of 23% based on Alexco's five-day volume weighted average price on the New York Stock Exchange on July 1.At...Read More

Bix Weir: A New Monetary System is Close..Just NOT THE WAY YOU THINK!

July 05, 2022 / marketsanity.com

Road To Roota, Released on 7/5/22Are you surprised that Silver, Gold and Cryptos aren't responding the way they are supposed to in a hyper-inflationary world? Don't be! THEY ARE ALL RIGGED! We will live through the End Game of computer market rigging in 2022! Then you will be very happy that you held your assets OUT OF THE SYSTEM!Bix Weir has 30 years' experience in the financial industry with var...Read More

Markets Plunge, What's Next | Andy Schectman LIVE Q&A

July 05, 2022 / marketsanity.com

Liberty and Finance, Released on 7/5/22Andy Schectman is the President and CEO of Miles Franklin Ltd. Precious Metals. Andy Schectman, economic collapse, gold, inflation, precious metals, silverMarkets Plunge, What's Next | Andy Schectman LIVE Q&A added by Herman James on 07/05/2022View all posts by Herman James ?+'Read More

Lynette Zang: Is the Next Crisis Unfolding Now?

July 05, 2022 / marketsanity.com

ITM Trading, Released on 7/5/22The U.S. is experiencing the most expensive Real Estate bubble in history and with the interest rates rising, these markets are starting to flash warning signs. Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable l...Read More

The Big Lie: Russia Will Lose

July 05, 2022 / marketsanity.com

Trends Research, Released on 7/5/22Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rig...Read More

Great Reset Will Be the Great Reject - David Morgan

July 05, 2022 / marketsanity.com

USA Watchdog, Released on 7/5/22What can people do to make the "Great Reset" not work? Morgan says, "It's the 'Great Reject.' You do not participate in the 'Great Reset.' You stay out of the system to the best of your ability, which means you use cash like Catherine Austin Fitts talks about. You can trade in silver and gold. Some states allow you to do that, and more are coming on all the time, pu...Read More

Gold price tanks 2% as Fed may be 'near the peak of its interest rate hikes' - Axel Merk

July 05, 2022 / marketsanity.com

Kitco News, Released on 7/5/22Axel Merk, CIO and Founder of Merk Investments, discusses the recent gold price fluctuations, and broader macroeconomic trends with David Lin, Anchor and Producer at Kitco News. 0:00 - Gold's selloff2:11 - The U.S. dollar3:44 - Gold and equities4:44 - Recession outlook10:40 - Fed policy and inflation13:08 - Fiscal policy18:00 - Labor market conditions23:56 - Stagflati...Read More

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