It said the hoist rope had detached from the skip during routine maintenance on Friday and the skip, or ore bucket, plunged to the bottom of the shaft.There were no injuries and all personnel were safely evacuated, Hudbay said."An inspection of the damage to the shaft is underway and it is expected to take several weeks to fully assess the damage and the remedial work needed," the company said.Hud...Read More
On September 30, President Trump signed an executive order that would guarantee increased U.S. production of the 35 critical metals used for the military as well as critical industries such as fracking and electric cars.These minerals include rare earth minerals, most of which are currently imported from China. There are also other metals used in batteries such as cobalt and lithium.For 31 of thes...Read More
Independent financial analyst Matt Badiali discusses precious metals royalty companies as investments. Back in the last bull market, the big trend was the "prospect generator" business model. In this market, that switched to royalty companies, led by some former prospect generators.The prospect generator model should allow companies to use less cash to generate projects, then bring in partners. I...Read More
Gregory Beischer, CEO of Millrock Resources, and geologist Gabriel Graf speak with Maurice Jackson of Proven and Probable about the company's exploration program at 64North in Alaska. Maurice Jackson: Joining us for a conversation is the CEO of Millrock Resources Inc. (MRO:TSX.V; MLRKF:OTCQB), Gregory Beischer, along with Gabriel Graf, who works as a consultant for Millrock Resources. Glad to be...Read More
Dundee Precious Metals reported preliminary Q3/20 production results at its two gold mines in Bulgaria and its complex copper concentrate smelter operation in Namibia. In a news release, Dundee Precious Metals Inc. (DPM:TSX), announced preliminary production results from both of its mines in Bulgaria and the Tsumeb smelter for the three and nine months ended September 30, 2020.The company advised...Read More
"THEY" will defend $26/oz silver with all the silver derivatives they can throw at the market, but that will be their downfall...by Bix Weir of Road to Roota"THEY" will defend $26/oz silver with all the silver derivatives they can throw at the market...but that will be their downfall. High Frequency Traders aren't used to a market that has a Physical Delivery component and they will find themselve...Read More
Are people fearing the size of the national debt, inflation or deflation?Mark O'Byrne interviewed by Lior Gantz on GoldCoreGoldCore's Mark O'Byrne interviewed by the Wealth Research Group talking about the start of a new bull run for gold and silver and answering the following questions...What investors are currently buyingThe importance of owning physical goldComparing golds performance with prev...Read More
Some think the rally is over and that it's time to sell...Lynette Zang with Chris Marcus on Arcadia EconomicsAfter a volatile summer, silver is now trading in the mid-$20's.Some think the rally is over and that it's time to sell. But Lynette Zang of ITM Trading still thinks silver is "severely" undervalued.To find out why, click to watch the video now!Read More
RAPAPORT... The World Jewellery Confederation (CIBJO) has recommended that laboratories use the term "grading report" for natural diamonds only, arguing that lab-grown stones lack the rarity that underpins the concept of grading.Instead, documents providing details of synthetic diamonds should be called "Laboratory-Grown Diamond Product Specifications," CIBJO urges in a new set of guidelines...Read More
RAPAPORT... The days when brands made all their business decisions on their own are gone. With bigger competition, tougher economic challenges, and the increasingly scary potential of coming across as tone deaf in marketing campaigns, getting advice just makes sense. And who better to provide it than members of your target audience?Having the input of a client advisory board "is so useful because...Read More
RAPAPORT... Hong Kong-based jeweler Tse Sui Luen (TSL) expects to incur a net loss of at least HKD 40 million ($5.2 million) for the first fiscal half as the Covid-19 pandemic depressed the company's sales.The loss for the six months ending September 30 compares with a net profit of HKD 1.6 million ($206,454) in the same period last year, the retailer said last week. "The implementation of so...Read More
RAPAPORT... US polished-diamond imports dropped 39% year on year to $821 million in August, reflecting lower volumes and price per carat, according to data from the Commerce Department. The decline was gentler than the 50% drop the country recorded in July, but steeper than June's 35% slowdown. US Trade Data for August 2020Read More
(IDEX Online) - Diamonds discovered at a gold deposit in Canada hint at a large and untapped reserve, say researchers.They are in sediments that are "an exact analog" of those in South Africa's famous Witwatersrand Goldfields, replicating the extremely rare combination of gold and diamonds in the same place.Experts from the University of Alberta were astonished by the find at outcrop at Nunav...Read More
(IDEX Online) - Alrosa boss Sergei Ivanov has told Russia's President Vladimir Putin he's "confident" of a deal to sell millions of carats of rough to the government's Gokhran - its precious metals and gems repository.Such an arrangement would provide a lifeline for the miner, which is only now recovering from months of dismal sales as a result of the global pandemic.The Alrosa CEO...Read More
(IDEX Online) - British fashion designer Debbie Wingham created a breathtaking $26m diamond-encrusted party dress for a billionaire birthday girl.It was studded with 15 red diamonds, from one and a half to four carats worth $23.8m in total, plus a host of other gems.Wingham has a reputation for adding extravagant sparkle to cake and couture for the ultra-rich. In 2015 she baked and decorated...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Jefferies said satellite data showed finished copper inventories at Asian smelters had "significantly decreased" in 2020, while inventories at exchanges were also down."Inventories across tracked locations in Asia are down 15% year-to-date and should decrease further into year-end as the Chinese economy is reac...Read More
Base metals prices on the London Metal Exchange were weaker across the board this morning, Tuesday October 13, while those on the Shanghai Futures Exchange were either unchanged or firmer, as were equities.* Equities seem to be maneuvering for a United States democratic presidency and all the extra stimulus that might bring.* But LME metals are not following equities this morning.Base metalsThree-...Read More
Vietnam ETF (VNM) moved above $15.20 extending an intermediate uptrend.Wills Tower Watson (WLTW), a NASDAQ 100 stock moved above $218.58 to an all-time high extending an intermediate uptrend. Pre-opening Comments for Tuesday October 13thU.S. equity indices moved lower this morning. S&P500 futures were down 6 points in pre-opening trade. Index futures were virtually unchanged following release...Read More
ELKO, Nev., Oct. 13, 2020 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) (the "Company"), a gold exploration and development company, today announced that it has issued a letter to its shareholders outlining the Company's recent and expected milestones, as it continues to advance its assets and projects. Recent Company highlights include:Acquisition of Northern Panther Resource Corporation, which...Read More
OceanaGold (TSX: OGC) has implemented the permanent lay-off of 496 employees at its Didipio gold and copper mine, located across the Nueva Vizcaya and Quirino provinces on the island of Luzon, Philippines.Along with the termination of direct employees, approximately 400 people working as contractors are also impacted, according to the miner."The company may be required to implement a second-round...Read More