The Daily Gold, Released on 6/15/22Historically, Gold against foreign currencies and Gold against the stock market have been the best leading indicators for Gold. The best is Gold against the stock market. We also evaluate how Gold has been leading real yields at key turning points. Real yields have been surging but Gold has not declined as much as it normally would. History shows Gold can lead re...Read More
As predicted, gold stocks aregradually declining. Their situation is unlikely to improve - the Fed isalready planning another interest rate hike.After yesterday’s huge slide in the PMs(GDXJ declined by over 8%!) and a sizable increase in our short positions injunior miners, gold and silver are moving back and forth, gathering strengthfor the next move. Or waiting for the next trigger.They ar...Read More
The "most important Fed meeting, ever" has just concluded...(by Half Dollar) The Fed has just concluded its most recent 2-day FOMC meeting.Here's the Fed's statement, posted in its entirety (bold added for emphasis and commentary):Overall economic activity appears to have picked up after edging down in the first quarter. Job gains have been robust in recent months, and the unemployment rate has...Read More
"About three years ago we put forward a very aggressive plan to become 150,000 ounce a year producer within five years.Read More
The project would yield an after-tax net present value of C$48.3 million at a at a 5% discount rate and an internal rate of return of 43% at a US$1,600 per ounce gold price following an initial capital cost of $22.1 million.The company is progessing to complete a pre-feasibility study expected to be completed by year end with permitting for the Bachelor mill and tailings expansion ongoing."The ope...Read More
In May, SolGold reported a measured and indicated resource of 2.7 billion tonnes grading 0.Read More
US fund manager Van Eck, which is the second largest shareholder in the firm, has now termed the proposed deal as "another poorly structured deal", according to one of its analysts.Read More
CONEXPO-CON/AGG, Taking Construction to the Next LevelSPONSOREDconexpo-con/agg 2023Advancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu mines"It takes a lot of work to understand a deal with this level of complexity. … It is very unique for two piec...Read More
RAPAPORT... Beryl Raff will leave her role as chairman and CEO of Helzberg Diamonds after 13 years with the company.Raff, who is set to retire on July 1, will continue to advise and consult the executive team at the Berkshire Hathaway-owned jeweler as a nonexecutive chairman, the jeweler said Tuesday. She is the longest-serving nonfamily CEO at Helzberg."Helzberg Diamonds is my family," said Raff....Read More
RAPAPORT... US jewelry sales rose in May amid a return to in-person shopping and a surge in weddings and travel, according to Mastercard SpendingPulse.Revenue for the category jumped 22% year on year during the month, the highest growth of all segments Mastercard monitors, it reported Wednesday. The majority of weddings and social events were pushed back during the Covid-19 pandemic. Many consumer...Read More
RAPAPORT... Richemont and Kering have rejoined the Responsible Jewellery Council (RJC) after withdrawing their brands over the Russia controversy, according to the standards organization's chairman."There were 24 companies within those groups that resigned," David Bouffard said at the Rapaport Social Responsibility Conference, which took place Sunday during the JCK Las Vegas show. "Within a m...Read More
Construction work at Skouries started in 2013 but the project has been embroiled in a series of legal disputes with Greek authorities over permitting for the scheme.Read More
RAPAPORT... Sentiment was high as the 2022 JCK Las Vegas show came to an end, with exhibitors reporting solid orders amid an overall upbeat US retail market.Robust consumer spending and shortages of goods supported trading, despite concerns about inflation, interest rates and a stock-market decline. Foot traffic was strong following two years of limited gatherings."We expected the show to be...Read More
Kinross has already received US$300 million in US-denominated cash into its corporate account outside of Russia and will receive the remaining payment of US$40 million on the first anniversary of dealRead More
RAPAPORT... The Las Vegas shows set the tone for the industry moving into the second half of the year. But how was the mood considering the economic and geopolitical headwinds facing the trade, and what does this signal for the market? In this episode of the Rapaport Diamond Podcast, News Editor Joshua Freedman and Senior Analyst Avi Krawitz discuss sentiment at the shows, along with the big news...Read More
(IDEX Online) - Diamond miners in Lesotho are urging the government to reconsider new rules that would halt refunds on VAT paid on the goods, services and capital items for day-to-day operations.They say the proposed VAT Amendment Bill would harm the industry, which produced 1.1m carats in 2019.Australian-owned Lucapa, which operates Mothae, the world's highest US$ per carat kimberlite diamon...Read More
(IDEX Online) - A luxury jeweler in Ukraine that started making body armor after the Russian invasion is now sending wedding rings to frontline soldiers.Oberig's manufacturing base in Kharkiv - Ukraine's heavily-shelled second city - has so far contributed more than 6,000 items of body armor to the war effort.And now it's sending silver wedding rings - 148 and counting - to soldiers...Read More
(IDEX Online) - Lusix, the solar-powered lab grown company, has announced $90m in an investment round for its Sun Grown Diamonds.LVMH Luxury Ventures is among those funding the Israel-based company, founded by Benny Landa, the "father of commercial digital printing" who sold his company Indigo to HP for $830m.Half the $90m was revealed in February, when the company said it had secured funding from...Read More
CONEXPO-CON/AGG, Taking Construction to the Next LevelSPONSOREDconexpo-con/agg 2023Advancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu minesGudai-Darri, approved in late 2018, represents Rio's first greenfields Pilbara iron ore development in over a decad...Read More
CONEXPO-CON/AGG, Taking Construction to the Next LevelSPONSOREDconexpo-con/agg 2023Advancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu mines"Canada is home to almost half of listed companies in the mining and minerals space, with a combined market cap of...Read More