Brazilian ferro-alloys producer Ferbasa has reported a fire at its plant in the country that it warned may affect ferro-silicon production for about eight days, the company said on its website on Tuesday November 3.Ferbasa has the capacity to produce around 120,000 tonnes per year of ferro-silicon and sells its product domestically, while exporting alloy to the United States and Europe. The compan...Read More
The European high carbon ferro-chrome markets were largely stable in week to Tuesday November 3 despite concerns about Covid-19 inspiring caution among consumers, sources said.Fastmarkets' ferro-chrome high carbon 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe assessment was stable at $0.88-1.03 per lb Cr for a second consecutive week on Tuesday November 3.Likewise, Fastmarkets' assessme...Read More
Gold mining giant Barrick Gold (TSX:ABX)(NYSE:GOLD) announced its third-quarter earnings report today. The company reported better-than-expected net income and sales over the previous year and surpassed most analyst expectations. In my view, this could be an early sign of much more momentum in gold stocks going into 2021. Here’s a closer look at the report and Barrick Gold stock’s...Read More
It’s a general thinking among investors, especially those who are new to the investing world, that lower dollar denomination stocks have a long runway for growth, and they could deliver multifold returns over time. While I do not agree to this as stocks quoting low dollar price doesn’t assure great returns, but there are few stocks that are quoting low in terms of price and have except...Read More
Share this articleTORONTO - Barrick Corp. raised its dividend as its third-quarter profit topped expectations.The Toronto-based gold miner, which keeps its books in U.S. dollars, says it will now pay a quarterly dividend of nine cents per share, up from its previous rate of eight cents.The increased payment to shareholders comes as Barrick says it earned 50 cents per share for the quarter ended Se...Read More
And so it begins ...On election night, Washington, D.C., and Oregon voted to decriminalize psychedelics.That's right.Psychedelic mushrooms, LSD, and a handful of other psychedelic substances can now be consumed in those two places without fear of arrest.Now the truth is I don't care if you're into psychedelics or not.That's not the point of this article. Personally, I love magic mushrooms and LSD...Read More
The investment highlights of Nomad Royalty Company are presented in a Cormark Securities report. In an Aug. 20 report, analyst Nicolas Dion reported that Cormark Securities initiated coverage on precious metals royalty and streaming firm Nomad Royalty Company Ltd. (NSR:TSX; NSRXF:OTCQX), with a Buy rating and a CA$2.20 per share target price. The current share price is about CA$1.33."As the portf...Read More
Dolly Varden Silver is discovering new high-grade silver deposits on its property where silver mining began 100 years ago. It's called the Golden Triangle, but it's home to lots of silver too.Dolly Varden Silver Corp.'s (DV:TSX.V; DOLLF:OTCMKTS) large Dolly Varden property in northwest British Columbia has a long and storied history. The Dolly Varden/North Star Mine operated only for a few years,...Read More
Reyna Silver began trading publicly in June and has been actively adding properties to its portfolio, now holding six projects, five in Mexico and one in Nevada, with a focus on high-grade, district-scale assets. Reyna Silver Corp.'s (RSLV:TSX.V; RSNVF:OTCMKTS) focus is clear: it aims to assemble a portfolio of high-grade silver assets that offer district-scale potential, and to that end it is m...Read More
Generation Mining reported its recent drilling has defined new palladium mineralization west of the company's Marathon Deposit. Generation Mining Ltd. (GENM:TSX; GENMF:OTCQB; 9GN:FSE), in a news release announced "initial results from its exploration drilling program focused on the down-dip western extension of the W Horizon portion of the Marathon Palladium Deposit." The firm noted that the W Ho...Read More
Lion One Metals stated it ordered two new, deep capacity underground diamond core drill rigs that will allow the firm to drill year-round at its high-grade Tuvatu Gold Project in Fiji. Lion One TuvatuIn a news release, Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced that it has formulated long-term plans for drilling at its new high-grade discovery located beneath the existing Tuvatu gold...Read More
The mineralization alteration intersected at Aurania Resources' Tsenken N2 suggests an iron oxide copper-gold system. Aurania Resources Ltd. (ARU:TSX.V; AUIAF:OTCQB) announced in a news release that scout drilling in the Tsenken N2 target at the Lost Cities-Cutucu project in Ecuador encountered mineralization alteration commonly seen in an iron oxide copper-gold system.These systems tend to have...Read More
The elections are behind us. However,the official results are still not definite. What does it mean for gold prices?Ladies and Gentlemen, the new Presidentof the United States is… still unknown! The election results are not available,as some states are still counting the votes. The race is very balanced, withfew states remaining too close to call. At the moment of writing this report,Joe Bi...Read More
High voter turnout as US election reflects divided country. Rising expectations for holidays despite American election uncertainty and second round of Covid-19 lockdowns. Consumer spending expected to be in line with last year. Jewelers begin seasonal promotions early, with emphasis on e-commerce. Polished prices stabilizing as buyers complete holiday orders. 1 ct. RAPI +1% in Oct. Rough trading s...Read More
RAPAPORT... Sarine Technologies will launch a diamond-scanning center in Dubai following Israel's peace deal with the United Arab Emirates (UAE).The Israel-headquartered company will partner with Trigem, a Dubai-based provider of services to the diamond industry, which will operate the center under license from Sarine. Members of the trade will be able to use Sarine's Galaxy inclusion-mapping...Read More
RAPAPORT... Mountain Province's revenue fell 14% year on year to CAD 47.3 million ($36.1 million) in the third quarter as Covid-19 limited the miner's ability to sell rough.The company held only one standard sale during the three months ending September 30, compared with two or three during a usual quarter, it reported Wednesday. Its revenue for the period came from that tender in Antwerp, as...Read More
RAPAPORT... Lucara Diamond Corp. has sold a 549-carat diamond to Louis Vuitton through a partnership that will see the luxury retailer craft bespoke pieces to match client requests. "In line with their long tradition of personalization, Louis Vuitton envisages...the ultimate personalized high-jewelry experience, and the opportunity to create a truly unique gem, a storied family heirloom," Lucara s...Read More
(IDEX Online) - Israel's diamond tech firm Sarine is to open a rough diamond scanning centre in Dubai, following the historic normalization agreement with UAE.It will be operated by the diamond service provider Trigem DMCC under license from Galatea, a wholly-owned subsidiary of Sarine. Both sides will split the per carat service fees will be split.Sarine said it recognized that Dubai is now...Read More
(IDEX Online) - Louis Vuitton has struck a deal to cut and polish a second giant diamond for Canadian miner Lucara. The 549-carat Sethunya (pictured) was recovered from the Karowe mine, Botswana, in February. It is the fourth largest stone ever found in the country. The agreement with the French fashion and luxury house follows a deal to cut an even bigger stone from the same mine - th...Read More
(IDEX Online) - Specialty jewelers' sales in the US have rebounded dramatically after the Covid-19 disaster of March, April and May, according to IDEX Research estimates. The turn-around came in early summer as those retail merchants were able to re-open their stores. Specialty jewelers' sales finally showed positive year-to-year comparisons in both August and September. ...Read More