Sooner or later traders will realize...by Adam Hamilton of Zeal LLCThe silver miners' stocks have rallied in recent months, but are still underperforming gold stocks. Silver lagging gold is mostly responsible, driven by big stock-market down days dampening enthusiasm for speculation. But silver will ultimately mirror and amplify gold's bull upleg, fueling strong leveraged gains in its miners'...Read More
Speaking at Allkem's first strategy day since the merger between Galaxy Resources and Orocobre, managing director Martin Perez de Solay said the company, which had been well supported by the market,Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipWest Africa an improved opportunitySPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.The Kasiya deposit in the African country contains 18 million tonnes of rutile, putting Iluka Resources' major Sierra Leone deposits (containing 8...Read More
Barrick Gold kicked things off with its 2019 merger of equals with Randgold Resources, while Newmont and Goldcorp followed with a combination the following year.Read More
Rambler produced 1,090 metric tons of copper and 483 ounces of gold at Ming in the three months to March 31, compared to 1,090 tons and 155 ounces in the fourth quarter of 2021.Read More
"The Biden Administration has made clear its strong commitment to securing domestic critical mineral supply chains by invoking the DPA for battery materials and making historic investments in theRead More
Kinross Gold Corporation will sell it mining assets in Russia to Jersey incorporated Highland Gold Mining group of companies for US$680 million in cash.Read More
RAPAPORT... The Moscow Diamond Bourse paused operations during the Russia-Ukraine war and has stepped back from the World Federation of Diamond Bourses (WFDB).The exchange temporarily stopped its activity on March 7 and suspended its membership in the WFDB on April 3, the federation announced Monday.Founded in 2005, the Moscow Diamond Bourse joined the WFDB in 2006. It is primarily a trading...Read More
RAPAPORT... BlueRock Diamonds' average price jumped sharply at its March rough tender - a trend the miner put down at least in part to the Russia crisis.The company garnered $1,000 per carat at the sale, up from a 2021 average of approximately $465 per carat, it said Tuesday. The figure was also higher than the $600 per carat it brought in during the strong period of demand in January and Feb...Read More
West Africa an improved opportunitySPONSOREDMarvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Anglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining He's back in the spotlight after his technology and battery minerals investment vehicle Vision Blue Resou...Read More
RAPAPORT PRESS RELEASE, April 5, 2022, Las Vegas... Diamond market sentiment weakened in March as concerns rose about Russian sanctions, US inflation and China's Covid-19 restrictions. Prices softened, particularly for goods below 0.30 carats. The RapNet Diamond Index (RAPI?,,?) for 1-carat diamonds rose 0.5% in March and 13.5% through the first quarter. The index for 0.30-carat goods fell 3.9% du...Read More
(IDEX Online) - Swiss watchmakers may have to produce more subdued designs as a result of sanctions on Russia, a key supplier of diamonds, gold, platinum and other precious metals.Jon Cox, an industry analyst with the Kepler Cheuvreux financial services company, said concerns over raw materials would inevitably drive up prices."I imagine product development will move to more subdued luxury goods",...Read More
(IDEX Online) - Petra could axe 150 miners' jobs at its Koffiefontein mine, in South Africa, say union leaders.The National Union of Mineworkers (NUM) says it is "deeply angered" by the move.Mosepedi Sanane, regional secretary for the Kimberley area, said: "We believe there are other avenues that could have been looked at before going through this process which are going to see our members an...Read More
The agreement could mark the end of a near year-long dispute between the Central Asian state and Centerra.Read More
"The company has received the required materials to restart operations and continues to investigate any and all options at its disposal to access the materials required on a timely manner," Orvana said. The company is reviewing the impact the stoppage had on the operations and intends to provide a more comprehensive update as part of the second-quarter reporting process. The 100% Orvana-...Read More
"The final connections and test runs [which are] soon to be completed prepares us for full operation this quarter. El Penon output will be well timed to leverage the current strong metals price environment," president and CEO Alastair McIntyre said. The company noted that a total of 1,440 tonnes will be moved to the new processing site over a two-week period. To date, 400t had been received a...Read More
Base metals prices on the London Metal Exchange were mainly firmer on the morning of Tuesday April 5, but trading was light with China on holiday.* Market now focused on the next round of sanctions against Russia and whether they will include a ban on importing Russian oil* Firmer metals prices underpinned by higher energy prices and concerns about shortagesBase metalsThree-month base metals price...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points in pre-opening trade. Index futures were virtually unchanged following release of the February U.S. Trade Deficit at 8:30 AM EDT. Consensus was $88.50 billion versus $89.70 billion in January. Actual was $89.20 billion.The Canadian Dollar was virtually unchanged at US80.35 cents following release of Canada's...Read More
According to an independent study, the CK Gold Project is estimated to create 324 long-term direct jobs and up to 1,024 local jobs throughout the region as a result of estimating the greater effect of the direct investment in the proposed developmentTotal taxes generated during the construction, operation, and closure phases of the project over 13 years were estimated at $75 million in the studyC...Read More
Chengxin Lithium, a Chinese public company, will increase its stake in Lithium Chile (TSXV: LITH; US-OTC: LTMCF) to 19.86%, up from 5%, as the Calgary-based miner plans to complete a private placement of 29.3 million shares for $27.9 million. The Chinese company will also be able to nominate two directors at the board of Lithium Chile. Chengxin has also agreed to help the company in exploration a...Read More