Recent News

Diamond Trade Links: Israel PM to Visit India, Covid Permitting

March 29, 2022 / www.idexonline.com

(IDEX Online) - Israel's Prime Minister Naftali Bennett is due to discuss diamond and other trade links with India when he visits the country for the first time.Cut and polished diamonds are India's second-largest export to Israel ($1.1bn) behind processed petroleum products ($1.3bn).Bennett's is due to visit this coming weekend. However he has tested positive for Covid and is not y...Read More

Beyonce Drips with 400 carats of Diamonds at Oscars

March 29, 2022 / www.idexonline.com

(IDEX Online) - Beyonce served up a fashion grand slam with a pair of tennis ball-colored dresses (one citron, one lime) and almost 400 carats of diamonds at the Oscars.She wore shoulder-length earrings by Lorraine Schwartz, her jeweler of choice, featuring seven rows of diamonds, weighing in at 150 carats.The 40-year-old singer also showed off a pair of 150-carat diamond bangles and two diamond r...Read More

BHP to invest US$10B in Chile if conditions right

March 29, 2022 / www.mining-journal.com

Udd said the company is looking to continue investing if Chile continues to provide the "right conditions" which Udd said are fiscal stability, legal certainty and a clear pathway to permitting.Read More

Minister Hernando says Chile cannot lose its competitiveness...

March 29, 2022 / www.mining-journal.com

The minister said the government of Gabriel Boric plans to work with the 2050 national mining policy developed last year by the administration of Sebastian Pinera, but with changes as, "the policyRead More

Antofagasta looking at future Chile investments

March 29, 2022 / www.mining-journal.com

In Chile, the company is completing a cycle of investment with the Los Pelambres seawater plant and additional milling capacity 70% complete. It has also recently finished a project at Zaldivar to increase recoveries. Its next big investment decision will be whether to develop a second concentrator at Centinela, once it has a greater line of sight on changes to the fiscal regime and the process to...Read More

US says more Russian sanctions planned

March 29, 2022 / www.mining-journal.com

US deputy secretary of the Treasury Wally Adeyemo warned that firms supplying the Russian military and those that helped Russia's richest escape sanctions would be targeted.Read More

LME base metals prices little changed overall, volumes very low

March 29, 2022 / www.metalbulletinresearch.com

Base metals prices on the London Metal Exchange were little changed on the morning of Tuesday March 29, while on the Shanghai Futures Exchange, nickel was down and the rest were firmer – this despite concerns about lockdowns affecting demand.* Despite low volumes and concerns about China’s lockdowns, the base metals generally look upbeat.* LME three-month nickel seems to have found a pri...Read More

Tech Talk for Tuesday March 29th 2022

March 29, 2022 / www.timingthemarket.ca

U.S. equity index futures were higher this morning. S&P 500 futures were up 39 points in pre-opening trade. McCormick gained $2.24 to $99.86 after reporting higher than consensus first quarter revenues and earnings. CVS Health dropped $2.24 to $99.86 after Deutsche Bank downgraded the stock from Buy to Hold.Bausch Health added $0.17 to US$22.75 after announcing plans to reduce its debt by anot...Read More

Kinross in negotiations to sell Russian mines

March 29, 2022 / www.northernminer.com

Canada's Kinross Gold Corp (TSX: K; NYSE: KGC) has entered exclusive negotiations with an unnamed third-party mining company after receiving several proposals to sell all its Russian assets.As part of the exclusivity agreement, Kinross' Russian subsidiaries will continue to operate the Kupol mine and other assets to maintain them properly.Kinross noted in a media release Tuesday afternoon that any...Read More

S&P upgrades Barrick credit rating

March 29, 2022 / www.northernminer.com

S&P Global Ratings has upgraded Barrick Gold's (TSX: ABX; NYSE: GOLD) long-term corporate credit rating a notch from BBB to BBB+.With a 'stable' outlook, S&P in a note said that the upgrade reflected Barrick's significant financial flexibility, noting a favourable view of Barrick's operating efficiency and breadth.S&P analysts expect Barrick's credit profile to remain highly resilient, even in a l...Read More

The Northern Miner Podcast - episode 284: Gold 'mimicking the 1970s charts', ft Gareth Soloway on markets, metals and speculative asset bubbles

March 29, 2022 / www.northernminer.com

This week's episode features InTheMoneyStocks.com chief market strategist Gareth Soloway in conversation with host Adrian Pocobelli on recent developments in financial markets. Gareth explains the nature of technical analysis while giving his view on interest rates, the stock market, commodities and speculative asset bubbles. He also shares his take on recent movements in gold, which have a remark...Read More

Mountain Province rises to 12-month high on diamond market recovery

March 29, 2022 / www.northernminer.com

The Toronto-quoted equity of Mountain Province Diamonds (TSX: MPVD) has achieved a new 12-month high on March 29 after the company overnight reported record free cash flow in 2021 and a massive impairment reversal attributable to positive changes in market sentiment and diamond prices.During the year 2021, Mountain Province sold a total of 3.16 million carats at an average price of $94 per carat (...Read More

Inomin shares rise on nickel, cobalt intercepts at Beaver project in BC

March 29, 2022 / www.northernminer.com

Shares of Inomin Mines (TSXV: MINE) traded at its highest price in the last five years as the company reported new discoveries of nickel, magnesium and chromium at its Beaver nickel-cobalt property in south-central British Columbia. Highlights of the drilling from the early-stage property included 175.26 metres grading 0.178% nickel, 93 parts per million (ppm) cobalt, 0.362chromium and 21% magn...Read More

Osisko Development closes US$32.8M final tranche of non-brokered financing

March 29, 2022 / www.northernminer.com

Osisko Development (TSXV: ODV) has closed the second tranche of its previously announced non-brokered private placement. More than 9.4 million subscription receipts of the company were issued under this tranche at a price of US$3.50 each, for additional gross proceeds of approximately US$32.8 million.This, together with the US$84.8 million brought in under the first tranche, brings the total size...Read More

Rio Tinto secures lithium project in Argentina

March 29, 2022 / www.northernminer.com

Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has completed the acquisition of the Rincon lithium project in Argentina for $825 million, following Australia's Foreign Investment Review Board (FIRB) approval of the transaction.The world's second-largest miner saw its lithium ambitions partially crushed in January after Serbia revoked Rio Tinto's licence for the US$2.4 billion Jadar project on environme...Read More

George Gammon: How Bad Will It Get? (Answered)

March 29, 2022 / marketsanity.com

George Gammon, Released on 3/29/22George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the a...Read More

FAUCI: 'I don't think we're ever going to be able to determine' if covid lockdowns were worth it

March 29, 2022 / marketsanity.com

Greg Price - Twitter, Released on 3/29/22FAUCI: "I don't think we're ever going to be able to determine" if covid lockdowns were worth it. pic.twitter.com/LrmFRkDJLu- Greg Price (@greg_price11) March 29, 2022 FAUCI: 'I don't think we're ever going to be able to determine' if covid lockdowns were worth it added by Herman James on 03/29/2022View all posts by Herman James ?+'Read More

Andy Schectman: Global Pivot From USD To Gold

March 29, 2022 / marketsanity.com

Liberty and Finance, Released on 3/29/22Global de-dollarization is happening right before our eyes as Russia, Nigeria, Saudi Arabia, China, and other countries pivot away from the US dollar. Even Fed chair Powell admits the USD is losing its exclusive world reserve currency status. Meanwhile, central banks and the public are flocking to gold. The inventory of physical precious metals remains the t...Read More

PROPAGANDA WORKS! GET THE JAB, GET PUTIN- Gerald Celente

March 29, 2022 / marketsanity.com

Trends Research, Released on 3/29/22"All they're doing is selling us propaganda and bullsh*t!"Gerald 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 i...Read More

Jeff Christian Debunks Latest Falsehoods on Gold, China, Russia, US Dollar

March 29, 2022 / marketsanity.com

The Daily Gold, Released on 3/29/22There is quite a bit of chatter in gold bug circles along the lines of Russia planning to back the Ruble with Gold, China planning to move away from the Dollar, etc. Do any of these things have validity? Jeff Christian educates us on the matter. In addition, Jeff provides his expectations for this year and beyond. He sees Gold continuing to correct and lose its w...Read More

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