RAPAPORT... Gem Diamonds reported a rise in first-quarter sales amid strong demand and the sale of high-value rough from its Let??eng mine in Lesotho.Revenue climbed 19% to $52.1 million during the three months ending March 31, the company said last week. Sales volume grew 6% to 28,461 carats, while the average price increased 12% to $1,831 per carat.Prices were higher on a like-for-like basis tha...Read More
(IDEX Online) - India's polished diamond exports rose by almost a half during the year to the end of March 2021.Total gross sales were $24.2bn, up from $16.3bn year on year, according to the GJEPC (Gem and Jewellery Export Promotion Council), a dollar rise of 48.8 per cent. Rough imports for the same period were up by almost 74 per cent, from $10.9bn to $18.9bn, though the volume in cara...Read More
(IDEX Online) - Thousands of men, women and children in Sierra Leone are being paid as little as $0.65 a day to dig for diamonds.They're employed by "supporters" to seek out gems in opencast mines of the eastern Koidu region, using nothing more than shovels and sieves.Many turn to artisanal diamond mining in desperation, according to an Aljazeera news report, but face exploitation and human r...Read More
(IDEX Online) - Gem Diamonds reports a slight increase in quarterly revenue, up four per cent on Q4 2021 to $52.1m, and says it is confident about future prices.Revenue for the three months to the end of March 2022 was up 19 per cent on the same quarter last year.The UK-based miner sold 28,461 carats in Q1 2022, according to a trading update, compared to 24,790 carats in the previous quarter. ...Read More
Base metals prices on the LME and SHFE were down across the board on Monday April 25, amid continuing concerns over slower growth in China, because of Covid-19 lockdowns, and due to rising interest rates, inflation and energy costs everywhere else.* China’s renminbi yuan continues to slide to 6.5475, after trading either side of 6.3400 through the first quarter* China’s mass Covid-19 loc...Read More
Canadian national producer price inflation surged by 4% in March from the previous month, the country's statistics agency reported.Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 28 points in pre-opening trade. Index futures responded to overnight weakness in world equity indices including a 5% drop by the Shanghai Composite Index.Twitter gained $2.72 to $51.65 on news that Elon Musk met with board members over the weekend to discuss Musk's $54.20 per share cash offer.Coca Cola added $0.25 to...Read More
Rising geopolitical risks ever since Russia launched its attack on Ukraine, combined with a massive digital transformation in the mining sector in recent years to boost efficiency, has vastly increased the need for companies to update and invest in their cybersecurity systems, analysts and mining executives say. Victoria Gold (TSXV: GCX) warned investors in its annual report last month that the m...Read More
The S&P/TSX Venture Composite Index tumbled by 51.58 points or 5.8% over the Apr. 18-22 trading session to end at 836.63. The week's most actively traded stock was Alphamin Resources, which advanced 24 ? or 21.2% to end at $1.37 per share, on trading volume of 22.1 million shares. The company operates the world's highest-grade tin mine, Mpapa North, in the Democratic Republic of the Congo's Nort...Read More
The Dow Jones Industrial Average fell 600.29 points or 1.77% to 33,811.40 and the S&P 500 fell 119.91 points or 2.8% over the week to 4,271.78. Shares of Endeavour Silver fell 20.3% to US$4.44 as the price of silver fell by 6.4% to US$24.34 per oz. during the week. On Apr. 13, the company reported high-grade drill results from its ongoing exploration program at the Guanacevi mine in Mexico's Dura...Read More
Over the Apr. 18-22 trading period, the S&P/TSX Composite Index fell 692.03 points or 3.2% to 21,186.38. The S&P/TSX Global Mining Index decreased 15.14 points or 12.85% to 117.82 and the S&P/TSX Global Base Metals Index fell 30.71 points or 15.41% to 199.25. The S&P/TSX Global Gold Index fell 31.02 points or 9.07% to 341.86 and spot gold ended the week down 1%, or US$22.45 per oz. lower, at US$1,...Read More
Russia's state-owned nuclear power supplier Rosatom and Nornickel, the world's largest producer of refined nickel, are fine-tuning details of a plan to develop a lithium deposit in the country's northwest, Sputnik radio reported.The announcement comes about two weeks after Chile and Argentina suspended raw lithium shipments to Russia amid increasing global sanctions to Moscow linked to the invasio...Read More
Palladium One Mining (TSXV: PDM; OTC: NKORF) has released a resource update on its 100% owned L??ntinen Koillismaa (LK) PGE-copper-nickel project in north-central Finland that increases tonnage in the indicated category by 250%, and inferred tonnage by 14%.The new resource encompasses three open-pits in the Kaukua area, including an initial resource for Kaukua South and Murtolampi, and one at Hauk...Read More
Kinross Gold (TSX: K; NYSE: KGC) is selling its 90% interest in the Chirano mine in Ghana to fellow Canadian Asante Gold (CSE: ASE) in a cash and shares deal worth $225 million.The open-pit and underground mining operation in southwestern Ghana produced 154,668 gold-equivalent ounces in 2021, compared to 166,590 oz. in 2020 and is located immediately south of Asante's Bibiani gold mine. The govern...Read More
George Gammon, Released on 4/25/22?>>?Simon Black, as James Hickman is more commonly known, is the Founder of Sovereign Man. He is an international investor, entrepreneur, and a free man. His daily e-letter, Notes from the Field, draws on his life, business and travel experiences to help readers gain more freedom, more opportunity, and more prosperity. Hickman is a lifelong entrepreneur and invest...Read More
Kitco News, Released on 4/25/220:00 - Gold price performance10:13 - Asset allocation12:44 - "Bearish phase"20:00 - Entry level23:30 - Gold price outlook Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic. Chris Vermeulen, g...Read More
Project Syndicate (via Zero Hedge), Released on 4/25/22While recent shocks have made the current inflationary surge and growth slowdown more Continue... 'Dr. Doom' Warns Of The Gathering Global Stagflationary Storm added by Herman James on 04/26/2022View all posts by Herman James ?+'Read More
CNBC, Released on 4/25/22Peter Boockvar, Bleakley Advisory Group CIO, joins 'The Exchange' to discuss how the Fed tightening will affect markets and the U.S. economy.Peter Boockvar is the Chief Investment Officer of Bleakley Financial Group and Editor of The Boock Report newsletter https://boockreport.com/.Peter Boockvar: 'Double-barreled tightening' will affect markets and the U.S. economy added...Read More
Otavio (Tavi) Costa - Twitter, Released on 4/25/22A classic sign of a commodities cycle in its early innings.Producers remain so financially restrained to invest in their businesses that they are almost giving more capital back to shareholders than what they spend on CAPEX. pic.twitter.com/mEhCRh9xUn- Otavio (Tavi) Costa (@TaviCosta) April 24, 2022 Tavi Costa is a partner and portfolio manager at...Read More
The Epoch Times (via Zero Hedge), Released on 4/25/22Heart inflammation requiring hospital care was more common among people who received COVID-19 vaccines than those who did not, according to a new study of tens of millions of Europeans.Continue... Scientists Discover Heart Inflammation More Prevalent Among Vaccinated Than Unvaccinated: Study added by Herman James on 04/26/2022View all posts by H...Read More