"Through this acquisition and the continued development of our outstanding organic growth pipeline, Newcrest's base case gold production is expected to remain strong until at least 2030, and we have aRead More
Mining Journal and MiningNews.Net Copper Outlook ReportSPONSOREDEro Copper touts green focus and shareholder returnsSPONSOREDero copperFor C3 Metals, X marks the spotSPONSOREDc3 metalsGreat Panther, great prospectsSPONSOREDgreat pantherConstruction of this mine is expected to start this summer following the completion of C$105 million in financing in the coming months.Read More
"The Tres Cruces oxide project PEA shows excellent economics for the proposed heap-leach operation, located in one of the world's most prolific gold mining belts," Anacortes CEO Jim Currie said.Read More
RAPAPORT... De Beers' recorded strong sales at its February sight as rough demand persisted and prices rose in select categories.Proceeds jumped 18% year on year to $650 million at its second sales cycle of 2022, compared with $550 million a year earlier, the miner reported Wednesday. Sales were slightly lower than the $660 million the company registered at the first cycle in January."The sec...Read More
"We have identified significant opportunities to optimise the Goldboro gold project and potentially increase the overall economics and longevity of the project - including the upgrading of inferredRead More
RAPAPORT... The organizers of the September Hong Kong diamond and jewelry show have temporarily moved the event to Singapore to enable overseas visitors to attend.Jewellery & Gem World (JGW) will take place from September 27 to 30 at Singapore Expo, Informa Markets announced Wednesday. The change is a "one-off special arrangement applicable only in 2022," the company said.JGW, a major for...Read More
RAPAPORT... Current US sanctions on Russia's Alrosa will not reduce the supply of rough diamonds. India, where about 93% of the world's diamonds are manufactured, will enable money transfers without using dollars, euros or the SWIFT system. Americans will continue to legally buy polished diamonds from Indian or other cutters who have sourced the rough from Alrosa, as the diamonds themselves a...Read More
RAPAPORT... Firestone Diamonds' Liqhobong mine will remain dormant after months of debt negotiations fell at the final hurdle.The company had been in talks with its lenders over restructuring its $82.4 million outstanding debt, it said Tuesday. The Lesotho-based deposit has been on care and maintenance during that time. The company had hoped to complete the discussions and set a plan to reopen the...Read More
RAPAPORT... Helzberg Diamonds' lab-grown products saw strong growth last year as the lower prices let consumers buy larger stones, according to the company's CEO.The 2-carat lab-grown diamond has become "the new 1-carat mined diamond," Beryl Raff said in a panel discussion at the recent Dubai Diamond Conference."In 2021, we sold, in units, 50 times more 2-carat labs than we sold 2-carat mined...Read More
(IDEX Online) - De Beers today reported provisional rough sales of $650m at its second sight of the year, amid continuing "robust" demand.It's a slight dip from $660m at Cycle 1, but a significant increase from $550m at last year's Cycle 2.Rough remains in short supply, and banking restrictions on Russia will inevitably impact the ability of its biggest rival, Alrosa, to make sales.De Be...Read More
(IDEX Online) - Surat is braced for a shortage of rough supplies and further price hikes following Russia's invasion of Ukraine."There is growing uncertainty in the diamond industry due to the war," Savjibhai Dholakia, chairman of Hari Krishna Exports - one of India's biggest diamond companies - told Hindustan Times."About 40% of our diamonds are supplied from Russia today and the paymen...Read More
(IDEX Online) - Botswana is aiming to further expand its diamond production as Russia faces global sanctions, says the country's president Mokgweetsi Masisi.He hopes Botswana, currently the world's second-largest producer by volume, will "play a more prominent role in the industry," according to a report by Bloomberg News on an interview her gave in Nairobi, the Kenyan capital.Botswana p...Read More
Mining Journal and MiningNews.Net Copper Outlook ReportSPONSOREDEro Copper touts green focus and shareholder returnsSPONSOREDero copperFor C3 Metals, X marks the spotSPONSOREDc3 metalsGreat Panther, great prospectsSPONSOREDgreat pantherAnalysts were right, until they weren't; and even President Putin couldn't be blamed because investor priorities had started to change well before the invasion of U...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 77 points in pre-opening trade. Booking gained $66.47 to $1,966.00 after Oppenheimer upgraded the stock from Perform to Outperform.Campbell Soup slipped $0.10 to $42.20 after reporting less than consensus fiscal second quarter revenues. General Electric advanced $1.49 to $89.64 after the company announced a share buyba...Read More
Mining Journal and MiningNews.Net Copper Outlook ReportSPONSOREDEro Copper touts green focus and shareholder returnsSPONSOREDero copperFor C3 Metals, X marks the spotSPONSOREDc3 metalsGreat Panther, great prospectsSPONSOREDgreat pantherThe southern Africa-focused miner had initially expected the Congolese Kamoa-Kakula mine - which began commercial production in July last year - to sell 95,000t of...Read More
The adjusted net income per share was US$0.65 on a diluted basis, up 62% from US$0.40 per share in the same quarter a year earlier. "The company [is] in a strong position to execute on initiatives targeting approximately 100,000 tonnes of annual copper production and 60,000 ounces of annual gold production by 2025," said chief executive David Strang. ASCI gold costs increased 50% t...Read More
With the aim to supply raw materials for about half a million electric vehicles annually by 2025, Frontier Lithium (TSXV: FL; US-OTC: LITOF) has stepped up its pace by quadrupling indicated resources at its Spark deposit in northwestern Ontario. Spark now hosts 14.4 million tonnes grading 1.40%, up from the previously estimated 3.3 million tonnes grading 1.59%, after the...Read More
De Beers, the world's top diamond producer by value, saw sales jump by 18% in the second cycle of 2022 compared to the same period last year, attesting to the industry consolidated recovery from the first pandemic-induced shutdowns.The Anglo American unit sold $650 million of diamonds between Feb. 21 to Feb. 25, down $10 million from the first cycle of the year, but higher than $550 million it so...Read More
Canada Nickel Company (TSXV: CNC; US-OTC: CNIKF), citing significant investor demand, has amended the terms of its earlier agreement with a syndicate of underwriters led by Red Cloud Securities to increase the size of its public offering from $25 million to $45 million.Under the revised offering, the underwriters will purchase for resale the following equity securities of the company on a bought d...Read More
Skeena Resources (TSX: SKE) has received the final drill results from its 2021 regional and near-mine exploration programs at the Eskay Creek gold-silver project. This drilling was designed to follow up on the company's resource category conversion drilling performed in early 2021.The new results were highlighted by exploratory drill hole SK-21-997, which returned high-grade gold mineralization av...Read More