In a terse statement within its June quarter results, the company said the partners determined that the project does not currently meet their investment thresholds for development at this time.Read More
An update of the project by the firm revised go forward attributable initial capital spending to US$1.335 billion, higher than a previous estimate of $1.2 billion-$1.Read More
The Nasdaq-listed firm earned lower-than-expected royalty revenue from its Cortez, Voisey's Bay, Canadian Malartic and Robinson interests.Read More
Alicanto wows with maiden resourceSPONSOREDalicanto mineralsSavannah eyes major Li production in PortugalSPONSOREDsavannah resourcesMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDTwo quarters of contracting US GDP have triggered a debate about whether the world's largest economy is in the midst of a recession and whether the central bank needs to shrink demand still moreRead More
News: Diamond market quiet. Deep concerns about trading slowdown and prospects for 2H. US retail steady; jewelers cautious about buying large amounts of inventory. China sluggish amid rising geopolitical tensions and economic uncertainty. Mumbai IIJS show opens with spotlight on domestic jewelry market, exchange rate volatility, and rough supply. Rough trading stable as Alrosa's isolation spurs d...Read More
RAPAPORT... The Responsible Jewellery Council (RJC) has appointed industry veteran Satta Matturi to its board of directors.Matturi, who founded and runs the brand Matturi Fine Jewellery, also has a consultancy business offering business advice to the trade, including on rough procurement and polished sourcing. Earlier in her career, she spent 17 years working in diamond sales and rough valuation,...Read More
RAPAPORT... Canadian diamond manufacturer HRA Group has made its first splash in the lab-grown market, securing an exclusive partnership with Texas-based producer Plasmability.HRA, a former De Beers sightholder, will cut and polish Plasmability's rough and distribute the finished stones to the market, the companies said in a statement Wednesday.Plasmability uses the chemical vapor deposition...Read More
(IDEX Online) - Dozens of jewelry items and watches that Elvis Presley and other gave to his manager, Colonel Tom Parker, are being sold.The online auction, by Kruse GWS Auctions, in Los Angeles, runs until 27 August.Parker represented Elvis from 1956 until the singer's death in 1977 - and received more than half his income.The collection was considered "lost" for decades, but was assembled f...Read More
(IDEX Online) - Switzerland yesterday banned the importation of gold and other metals from Russia as the war in Ukraine continues.The government has outlawed the "buying, importing or transporting gold and gold products from Russia".Switzerland refines as much as 70 per cent of the world's total gold output and its watchmaking industry is a significant consumer.The country, traditionally take...Read More
(IDEX Online) - LVMH saw H1 revenue rise by 28 per cent, to $37.3bn, as Tiffany & Co. enjoyed an "excellent" half-year.The French luxury conglomerate said all its business groups achieved double-digit organic revenue growth over the period.Watches and jewelry grew by 16 per cent and they saw a 26 per cent increase in profit from recurring operations, up to $1bn for H1 2022."Tiffany & Co. e...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for the June Trade Deficit was $82.2 billion versus $85.6 billion in May. Actual was $79.6 billion. Consensus for Weekly Jobless Claims was 260,000 versus 254,000 last week. Actual was 260,0...Read More
Several Canadian-listed gold producers released second-quarter results after market close on Wednesday in what can perhaps best be described as a mixed bag.Vancouver-based major B2Gold (TSX, NYSE: BTO) posted a better overall cost profile than expected for the three months to June.Total gold production of 223,623 oz. gold, (including 14,765 oz. of attributable production from its 15.2% holding in...Read More
Torex Gold Resources (TSX: TXG) shares saw a nearly 15% bounce in trading today after the Mexico-focused miner posted second quarter results that beat analysts' expectations. The company produced a total of 123,185 oz. gold at its El Limon Guajes mine (ELG), in Guerrero state, putting it on track to meet its full year production guidance of 430,000 to 470,000 ounces. In spite of continued infl...Read More
Iamgold (TSX: IAG ; NYSE: IAG) on Wednesday announced another increased estimate of capital expenditures for its 70%-owned C??t?(C) gold joint venture in northern Ontario that it holds with Sumitomo Metal Mining (30%). The Toronto-based miner said in a news release that the remaining costs to complete construction and bring C??t?(C) into production would come to more than US$1.3 billion as of t...Read More
Sayona Mining (ASX: SYA; OTC: SYAXF) has further advanced its planned restart of spodumene production at its North American Lithium (NAL) operation in Quebec, with approximately 30% of plant and equipment upgrades now completed. It remains on track to deliver first concentrates in the first quarter of 2023."It is extremely pleasing to see the rapid progress at NAL as we ramp up towards the recomme...Read More
Shares in Condor Gold ((TSX: COG; LSE: CNR) jumped on Thursday after unveiling final metallurgical tests results for its flagship La India open pit gold project in Nicaragua, which it said "provide confidence" in recovery rates ahead of a definitive feasibility study.The results indicate a metallurgical recovery of 91% over the life of mine, assuming a 75-micron grind size, the company said.At...Read More
Liberty and Finance, Released on 8/4/22Total debt to GDP is at the same ratio as in December 2007 right when the economy fell apart, says portfolio manager Michael Pento. He expects a reversal from the Fed later this year or early next. Investors should be extremely cautious during these trying times, he says. "You cannot have an implosion of the great three asset bubbles in history - stocks, bond...Read More
The Jay Martin Show, Released on 8/4/2200:00 Introduction00:58 Protecting Purchasing Power05:17 Where to Find Upside Potential09:14 Deflation Concerns22:24 Monetary Policy27:43 EB Analyses Jay's Portfolio34:13 The Wrong Type of PortfolioMr. Tucker is a director of Metalla Royalty and author of "Why Gold, Why Now" in addition to writing The Casey Report, a monthly investment advisory founded by le...Read More
Sprott Money, Released on 8/4/22After a brutal period from April to July, things are finally looking a bit better for the precious metals. But are we out of the woods yet? Host Craig Hemke and analyst Chris Vermeulen of the Technical Traders break down all the gold and silver charts you need to see what lies ahead. Have questions for us? Send them to [email protected] or simply leave a comment he...Read More
Trends Research, Released on 8/4/22Gerald 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