(IDEX Online) - The Canadian miner Lucara reported a Q2 loss of ?, ?13.9m, after choosing not to sell any of its larger stones.Last year it made a 0.7m profit in the same quarter.During Q2 2020 it sold smaller stones from its Karoe mine (pictured), in Botswana, at a single tender in Antwerp and through its digital sales platform Clara - five sales of stones between one and 10 carats - generating a...Read More

RAPAPORT... Ask a De Beers or Alrosa contract client about the biggest problems with the miners' age-old systems for selling rough, and the answer will probably include a comment on prices. High rough prices relative to polished have squeezed diamond manufacturers' profit margins for years. But there's a more complex issue behind the complaints: the lack of customization.The two mining giants...Read More

(IDEX Online) - A Chinese billionaire living in the USA has ordered the world's most expensive COVID-19 face mask - costing $1.5m.Teams of jewelers are working in shifts to set 3,608 natural black and white diamonds (weighing 210 carats) into 270 grams of pure 18k gold.The anonymous customer from Shanghai is having the mask designed and made by Orna and Isaac Levy, owners of the Yvel luxury j...Read More

(IDEX Online) - Canadian miner Star Diamond claims Rio Tinto, senior partner in a joint exploration project, may be to blame for damage to some sample stones.The two companies are already tangled in a legal row over terms of another venture.  Star Diamond accuses Rio Tinto of "bad faith predatory practices", gross overspending on exploration costs at the Star-Orion South project in Saskatchew...Read More

(IDEX Online) - The desire for diamonds is as strong as ever says De Beers boss Bruce Cleaver.He was launching the company's latest Global Sentiment Report, an assessment of consumer confidence in the wake of COVID-19.The report, based on 2,800 people in the USA, China and India, revealed that that sentiment was improving as consumers adjusted to the 'new normal' and were considerin...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesBMC board chairman Valery Kazikayev said the company had started "capital development including stripping of Udokan deposit in order to provide access to minable minerals from the surface".Read More

Markets across the board were in consolidation mode this morning, Thursday August 13, with metals and Asian-Pacific equities mixed, while pre-market major western equity index futures were weaker.Traders seem to be waiting to see if US Congress can agree on a pandemic recovery fund and how the United States-China trade talks go this weekend when they review the phase one trade deal.* High volumes...Read More

Cisco (CSCO), a Dow Jones Industrial Average stock moved below $43.30 completing a double top pattern. The company lowered fiscal first quarter guidance. Micron (MU), a NASDAQ 100 stock moved below $47.10 setting an intermediate downtrend.The stock was downgraded by Deutsche Bank from Buy to Hold. Target price was reduced from $48 to $40. Pre-opening Comments for Thursday August 13thU.S. equity in...Read More

Former Barrick Gold Executive with Proven Track Record as Mine Builder and OperatorELKO, Nev., Aug. 13, 2020 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the "Company"), a gold exploration and development company, is pleased to announce that Mr. George Bee has been appointed as President.Mr. Bee is a senior mining industry executive, with deep mine development and operational experience. He...Read More

August 13, 2020 - Brixton Metals Corporation. (the “Company“) (TSXV: BBB) (OTCQB: BBBXF) is pleased to announce that it has closed its previously announced non-brokered private placement of units and flow-through common shares of the Company for gross proceeds of C$5,501,682 (the “Private Placement“) with a lead order from Palisades Goldcorp Ltd., a strategic institutional...Read More

Endeavour Mining (TSX: EDV), a Toronto-listed gold mining company with assets in West Africa, is assessing whether to dual list on either the London or New York exchanges as it looks to attract new investors following its recent acquisition of SEMAFO (TSX: SMF), its smaller rival in the region."We are going to move to one or the other," Sebastien de Montessus, Endeavour's director and CEO, said...Read More

Iamgold (TSX: IMG; NYSE: IAG) has reported the results of six drill holes completed at its 75%-owned Monster Lake joint venture project, 50 km southwest of Chibougamau, Quebec. The holes were drilled to the northeast and along strike of the Monster Lake structural corridor, which hosts an existing resource at the 325-Megane zone, and tested three additional shear zones within the 4-km long prospec...Read More

The Independent Planning Commission of Australia's New South Wales government approved a US$607-million extension of Whitehaven Coal's (ASX: WHC) Vickery coal mine near Boggabri, in the state's northwest.The approval, however, was done with 184 conditions aimed at mitigating environmental and social impacts.Whitehaven was granted planning approval for Vickery in September 2014 but has yet to const...Read More

88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Element 25's Butcherbird on songSPONSOREDelement 25Lithium no quiet place for AVZSPONSOREDavz mineralsMargaux is a TSX Venture Exchange company searching for a multi-million-ounce gold camp in northern British Columbia.Read More

Management had a few "good" field trips before the lockdown measures put a stop to it early this year, but two of those files remain active. "It's a matter of tempering expectations.Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesNorthern Dynasty president and CEO Ronald Thiessen said the only way to stop Pebble was by federal govenrment expropriation - extremely difficult since the deposit was on state lands.The company scored a critical victory last month when it received a positive environmental impact statement for its proposed Pebble copper-gold-m...Read More

Endeavour Mining (TSX: EDV), a Toronto-listed gold mining company with assets in West Africa, is assessing whether to dual list on either the London or New York exchanges as it looks to attract new investors following its recent acquisition of Semafo (TSX: SMF), its smaller rival in the region."We are going to move to one or the other," S?(C)bastien de Montessus, Endeavour's director and CEO, sa...Read More

What does Big Tech have in common with diapers?(drumroll, please...)They're all over your ass and they're completely full of shit.(rimshot)Apologies for that terrible old joke. It used to start with "politicians", but in the case of the antitrust investigations into America's biggest tech companies, it fits together all too well.Earlier this month we witnessed the CEOs of Google, Facebook, Amazon,...Read More

August 13, 2020 - Brixton Metals Corporation. (the “Company“) (TSXV: BBB) (OTCQB: BBBXF) is pleased to announce that it has closed its previously announced non-brokered private placement of units and flow-through common shares of the Company for gross proceeds of C$5,501,682 (the “Private Placement“) with a lead order from Palisades Goldcorp Ltd., a strategic institutional...Read More

NV Gold Corp. Exodus Gold Project SiteRead full newsRead More