Talon Metals Corp. (TSX: TLO) is a base metals company, in a joint venture with Rio Tinto, on the high-grade Tamarack Nickel-Copper-Cobalt Project, located in Minnesota, USA, comprised of the Tamarack North Project and the Tamarack South Project.Talon, the Tamarack Project operator (as of October 2019), has an earn-in right to acquire up to 60% of the project. We learned from Sean Werger, Presiden...Read More
McAlinden Research Partners reports on the conditions driving the accelerating silver market, and sees "more upside on the horizon." Summary: The rally in silver prices has accelerated this summer, pushing spot prices to a six-year high this week. While the debasement of the dollar by huge fiscal and monetary stimulus has played a role in the broader outperformance of precious metals, silver has...Read More
Black Tusk Resources continues to analyze the collected information in preparation for its next steps at the property. Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) finished compiling and began analyzing data on its MoGold property north of Val d'Or, Quebec, it announced in a news release.The British Columbia-headquartered company stated that it retrieved information from various p...Read More
Grande Portage Resources is exploring a set of four mineralized veins at the asset. In a news release, Grande Portage Resources Ltd. (GPG:TSX.V; GPTRF:OTCQB; GPB:FSE) provided an update on exploration work in progress at its Herbert gold project in Southeast Alaska. The Vancouver-based exploration company stated that it is testing a set of parallel veins at Herbert. The set encompasses Goat, Main...Read More
Liberty Gold reports it drilled its fourth best single intercept at the Black Pine project. Three Liberty Gold Black Pine DiscoveriesLiberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) announced in a news release that additional reverse circulation drilling at its Black Pine project in Idaho expanded the D-3 and D-1 Southeast Extension zones and discovered high-grade gold in the F zone."We continue to deli...Read More
Sector expert Jay Taylor of J. Taylor's Gold, Energy & Tech Stocks provides his take on Irving Resources' plan to acquire the Yamagano gold mining license. Omu Project Drone Based Magnetic SurveyIrving Resources Inc. (IRV:CSE; IRVRF:OTCMKTS)54,990,799 sharesOn June 23 Irving's shares popped upward by ~14% on news of Irving's plans to acquire the Yamagano gold mining license from Shimadzu Ltd. Irv...Read More
Gold has jumped above $1,850 amid expectations of new stimulus, worries about the pace of economic recovery, and concerns about rising tensions between the U.S. and China. Houston, we have a problem! Please take a look at the chart below that presents the U.S. initial jobless claims. What do you see? Yes, you are right! The number of people claiming unemployment benefits has recently risen. To be...Read More
One of the largest "industrial hedgers" in the COMEX Silver market gets a surprise $765M loan from the Trump Administration?by Bix Weir of Road to RootaKodak, one of the largest "industrial hedgers" in the COMEX Silver market, gets a surprise $765M loan to make pharmaceuticals from the Trump Administration? And the loan was from the "U.S. International Development Finance Corporation?" MY SPIDEY S...Read More
With the silver price up 30% in July, along with reaching the $26 target level, it seems like the next move is a correction lower... by Steve St Angelo of SRSrocco ReportWith silver up 30% for the month, the shiny metal is now back on the Mainstream Media Radar. Yeah, it's been seven long years since silver traded at $24, but now it looks as if it is just in the beginning stages of a new Bull M...Read More
Sentiment weak as trading centers reinforce Covid-19 restrictions. Supply shortages supporting polished prices as cutters refrain from rough purchases. Manufacturing profit margins better than pre-pandemic, resulting from select rough buying that aligns with polished demand. Focus on online trading. D, IF investment demand improving. Miners building rough inventory as sales slump. De Beers 1H reve...Read More
RAPAPORT... Hong Kong's retail market took a turn for the worse this month amid the coronavirus's resurgence, reversing a slight improvement in June, the government cautioned Thursday.The municipality has entered a third wave of infections, prompting authorities to shut parts of the economy this week in an effort to contain the outbreak. "With inbound tourism remaining at a standstill and loc...Read More
RAPAPORT... Revenue at Gem Diamonds fell in the first half of the year amid a temporary shutdown of its mine and weak demand due to the coronavirus.Sales of rough diamonds from the Let??eng mine in Lesotho dropped 22% to $74 million by value, and also fell 22% by volume to 43,384 carats in the six months ending June 30, the miner reported Thursday. The average price inched up slightly to $1,7...Read More
RAPAPORT... A necklace featuring a 115.83-carat diamond was the top seller at Christie's in New York on Wednesday, bringing in $6.3 million at the live Magnificent Jewels auction.The pear brilliant-cut, F-color, VVS1-clarity diamond hangs from a chain of 31 pear brilliant and pear modified brilliant-cut diamonds ranging from 0.97 to 5.50 carats. The price achieved was within estimates. Total...Read More
RAPAPORT... De Beers suffered heavy losses in the first half of the year due to Covid-19, and cautioned that substantial challenges would remain for the diamond market.The diamond miner fell into the red for the six months ending June 30, with an underlying loss of $214 million compared to a profit of $187 million a year earlier. Earnings before interest, tax, depreciation and amortization (E...Read More
(IDEX Online) - Jewelers are invited to submit creative design concepts on the theme of "Collision and Fusion" in the IGI's 2020 JEWEL Jewelry Design Contest.The first prize is $1,140 cash and a scholarship to coursework at one of IGI's International Schools of Gemology, and there are two second prizes. In the wake of the COVID-19 pandemic, organizers aim to help young designers con...Read More
(IDEX Online) - The French luxury conglomerate LVMH says it still plans to buy Tiffany & Co, despite a plunge in profits because of COVID-19.First-half operating profits for LVMH Mo?? <
(IDEX Online) - Alrosa is to auction 2,300 carats of special-size rough diamonds online.The Russian state-owned miner is increasingly trying alternatives to physical sales, as COVID-19 continues to depress markets and restrict travel.Its total rough and polished sales for June totaled just $31.3m, down from $222.4m for the same month last year.Alrosa said it was offering buyers unprecedented flexi...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe company said copper production was up 4% year-on-year for the first six months of 2020 at 153,800 tonnes, driven by high ore throughput and improved grades at the Bozshakol openpit copper mine in Kazakhstan, while gold output rose 25% yoy to 109,700oz again on the back of processing volumes and grades at Bozshakol."In the secon...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesDeGrussa produced 19,313 tonnes of copper and 13,541 ounces of gold at C1 cash costs of just US51c per pound in the June quarter.Read More
Dow Jones Industrial Average moved below its 20 and 50 day moving averagesQUALCOMM (QCOM), a NASDAQ 100 stock moved above $94.68 to an all-time high extending an intermediate uptrend.ConocoPhillips (COP), an S&P 100 stock moved below $37.08 extending an intermediate downtrend.Suncor (SU), a TSX 60 stock moved below $21.26 setting an intermediate downtrend. Raytheon Technologies (RTX), a Dow Jo...Read More