RAPAPORT PRESS RELEASE, July 7, 2020, Las Vegas... The global diamond market was uncertain in June due to the resurgence of Covid-19 and geopolitical tensions. Polished prices firmed for select goods. The RapNet Diamond Index (RAPI?,,?) for 1-carat diamonds rose 1.9% during the month, driven by investment demand for 1-carat to 1.10-carat, D, IF, RapSpec A3+ stones. Prices for lower colors and clar...Read More
(IDEX Online) - Diamond factories in Surat, India, will remain closed until 14 July at the earliest as the city battles a COVID-19 outbreak centered on its main cutting and polishing zone.There have been 850 confirmed cases of coronavirus among diamond workers and merchants, mostly in the Katargam area.It means world's key diamond manufacturing hub is at a complete standstill.The Surat Munici...Read More
(IDEX Online) - Tiffany & Co have won a $12m legal battle against fake websites claiming to sell their goods.The iconic New York-based jeweler said sites with names like "tiffanyandco.net" and "tiffanyand.cn" imitated its own website and misled consumers. Some redirected traffic from Google to their own site rather the genuine Tiffany website.Twelve defendants were fined $1m each by a federal...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resources"The aim is to create efficiencies for [producers], especially for multi-metal producers with one framework and level of scrutiny for all," Copper Mark executive director Michle Brulhart toldRead More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe move comes as Northern Dynasty Minerals also said the US Army Corps of Engineers had signalled the Final Environment Impact Statement for Pebble would be published on July 24.Yesterday's announcement prompted a share price jump which took the company's market value above C$1 billion.Artemis all set thanks to unique approachSPON...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe company had reduced its copper sales outlook in April, furloughed staff and cut capex by almost a third as it responded to the COVID-19 pandemic.Its full-year copper sales outlook was reduced at the time from the 3.5 billion pounds estimated in January based on US$2.85/lb, to 3.1Blb at $2.30/lb.Artemis all set thanks to unique...Read More
With the exception of Chinas CSI 300, Asian-Pacific equities and pre-market major western equity futures were weaker this morning, Tuesday July 7, while base metals prices on the London Metal Exchange were mixed, although in general were holding up well. Chinas equity markets are experiencing a retail investor rally that is being encouraged by state media - the market is up by almost 1...Read More
Gold Miners ETF (GDX) moved above $37.49 to an 8 year high extending an intermediate uptrend.CheckPoint Software (CHKP), a NASDAQ 100 stock moved above $112.96 extending an intermediate uptrend. Pre-opening Comments for Tuesday July 7thU.S. equity index futures were lower this morning. S&P 500 futures were down 23 points in pre-opening trade.Apple (AAPL $373.85) is expected to open higher...Read More
July 7, 2020 - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") announces initial drill results from its maiden drill program at is wholly owned Hog Heaven Project, which returned multiple significant intervals of high-grade silver, gold and copper mineralization. A total of seven holes representing 1,400.35 metres were drilled of HQ sized core.Chairman and CEO of Brixton, Gary...Read More
Exploration geologist Jon North was attending Mille Miglia - the annual re-enactment of the classic car race from Brescia in the foothills of the Italian Alps to Rome and back - when he met Oscar Louzada.Louzada, a Dutch mining investor who had worked in Canaccord Genuity's London office for several years, bonded with North over their mutual appreciation for "sexy European cars" and the two attend...Read More
For emerging Canadian gold mining company Monarch Gold Corporation (TSX: MQR), 2020 has been anything but a slow period. While other sectors in the mining industry have seen their operations disrupted by the Covid-19 pandemic, the team at Monarch have used the last few months to solidify their business plans, secure new capital and continue the momentum needed to grow from being an explorer/develo...Read More
GT Gold (TSXV: GTT) has released a maiden resource estimate for the Saddle North gold-rich copper porphyry within its wholly owned 468-sq.-km Tatogga property in northern British Columbia.Total indicated resources stand at 298 million tonnes grading 0.28% copper, 0.36 gram gold per tonne and 0.8 gram silver per tonne, containing 1.8 million lb. copper, 3.5 million oz. gold and 7.6 million oz. si...Read More
Galaxy Resources (ASX: GXY) confirmed today that it is on track to begin production at its Sal de Vida lithium brine project in Argentina by 2022, despite the Covid-19 pandemic impacting the development schedule.The Perth-based lithium producer and developer put the brakes on its flagship project in April, following a nation-wide lockdown ordered by the Argentinean government to contain the spread...Read More
Skeena Resources (TSXV: SKE) will be exercising its option to acquire 100% of the Eskay Creek gold-silver project from Barrick Gold (TSX: ABX; NYSE: GOLD) via a binding term sheet signed between the parties on July 6.Discovered in 1988, the former Eskay Creek mine located in British Columbia's Golden Triangle was once the highest-grade gold mine and the fifth-largest silver mine in the world by vo...Read More
This week's episode features the first of a two-part interview with CPM Group managing partner Jeffrey M. Christian at the Canadian Mining Symposium, held on Zoom from June 16-18, 2020. MINING.com executive editor Frik Els asked Christian about his views on the economy, research methods, gold, and the electric vehicle market.Jeffrey M. Christian is managing partner at CPM Group, a precious metals...Read More
"The aim is to create efficiencies for [producers], especially for multi-metal producers with one framework and level of scrutiny for all," Copper Mark executive director Michle Brulhart toldRead More
(IDEX Online) - The IDEX Polished Diamond Price Index was down in June by 0.35 per cent with only negligible changes day-to-day. There were some hopes of a post-COVID recovery in April, when the Index rose by 0.7 per cent, but they seemed to be dashed in May, when the graph showed a virtual straight line, and they have now been followed by month of decline, albeit slight. IDEX Onl...Read More
RAPAPORT... Surat authorities have extended the shutdown of the Indian city's diamond-manufacturing sector for another week after the number of coronavirus cases grew.While trading markets can reopen this Friday, cutting factories won't be able to restart until July 14, the Surat Municipal Corporation ordered Monday.The industry closed for seven days last week after polishing units increasing...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesData from state copper agency Cochilco shows output was maintained at normal levels during the first five months of the year, averaging 473,200 tonnes per month.Chile produced 432,500t of red metal in May, but market observers are expecting these figures to fall as mining operations slow due to COVID-19 cases among miners increasin...Read More
Nokia Remarks - Use Cases for Creating Safer, More Sustainable, Efficient and Productive MinesMarc Jadoul, Strategic Marketing Director, NokiaRead More