Here are five Fastmarkets stories you might have missed on Friday October 2 that are worth another look.The UK will maintain a tariff rate quota on certain steel imports, similar to the one currently in place, once the country has finally left the European Union.Primary aluminium stocks at the...Read More
Here are five Fastmarkets stories you might have missed on Friday October 2 that are worth another look.The UK will maintain a tariff rate quota on certain steel imports, similar to the one currently in place, once the country has finally left the European Union.Primary aluminium stocks at the...Read More
Bob Moriarty ArchivesOct 5, 2020In the last month or so I have done half a dozen interviews. In each I said that the next couple of months easily could be the most significant in US history. With the news that the President and First Lady both test positive in the PCR Corona test (which doesn’t test for Covid-19) the weird just got a whole lot weirder. As cynical as I am, no matter how cynic...Read More
The non-renounceable pro-rata entitlement issue is pricing new shares at 10c each.Each new share will come with an option exerciseable at 18c before November 2021.TNG needs an estimated $824 million to develop Mount Peake, with the 37-year, 2 million tonne per annum project said to be capable of generating pre-tax net annual operating cashflow of $359 million.Last month TNG appointed KPMG as its f...Read More
The AIM-listed company was forced to shut down Sasa mid-September after leaking around 8,000 cubic metres of tailings material into a local river.Read More
Share this article A rare white 102.39-carat oval diamond mined in Canada has been sold in Hong Kong for the equivalent of $20.9 million.Sotheby's says the diamond's new owner, an unnamed collector in Japan, named the stone the "Maiko Star" for his second daughter after he won it with a bid made by phone to the auction house's Hong Kong location.It says the same buyer last year named another impo...Read More
Share this article CENTENNIAL - NioCorp Developments Ltd. is applauding an Executive Order issued by the White House this week providing several potential pathways for greater U.S. Government support of critical minerals mining and value-added supply chains.The Executive Order, signed on September 30, 2020 by President Donald J. Trump, declares that "it is the policy of the United States ... [to]...Read More
Nations have gone to war over it.Men have died in pursuit of it.Brothers have stabbed each other in the back for it.Gold has been the most coveted metal on the planet since the dawn of time. Yet despite all of our wicked desire for the yellow metal, there's one fundamental question we still can't answer about gold: Where did it come from?For decades, astronomers believed gold was formed in the cru...Read More
In a world buffeted by political and social "noise," sector expert Michael Ballanger outlines his strategy for maximizing the worth of his portfolio. Before I wade into my Q4 strategy analysis, I have to tell you that prior to last Tuesday's "debate," I was leaning toward a "neutral" investment strategy largely based upon the 2016 outcome where heavily favored Hillary Clinton was upset by the Tr...Read More
New Found Gold reported it intercepted 41.2 g/t gold over 4.75 meters and 25.4 g/t gold over 5.15 meters at its new Lotto Zone discovery at its Queensway Project in Newfoundland. Stock photoIn a news release, New Found Gold Corp. (NFG:TSX.V) announced assay results from the first hole drilled targeting its newly discovered high-grade gold Lotto Zone. The results are the first to be reported from...Read More
Technical analyst Clive Maund charts recent movements in the gold market and what they may indicate going forward.In the last Gold Market update we had thought that it might break out upside from the Triangle that was forming, mainly because of its positive Accumulation line coupled with favorable seasonal factors, but instead, after moving sideways for a while, it broke down, as we can see on its...Read More
Gold is trading really close to its 2011all-time high. This is obviously a critical level for the future of goldprices.Historically gold in US dollars often clearssignificant all-time highs only some time after significant currencies like theEuro and British pound.This is mainly due to US dollar behaviourduring times of significant risk aversion, like we’ve had this year and 2008,for example...Read More
RAPAPORT... The Zoom meetings that constituted September's World Diamond Congress lacked the event's trademark pizzazz. The biennial conference, which combines the meetings of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA), usually involves a lot of cumbersome organizational housekeeping. But it also provides an opportunity to network...Read More
RAPAPORT... The Natural Diamond Council (NDC) has identified four major trends that will shape consumer spending on jewelry this holiday season, the group revealed in a report published last week. "This season's trends offer something for everyone, but are particularly appealing to young, first-time diamond buyers,"said Jill Newman, NDC's editor-at-large. "It's a modern, contemporar...Read More
RAPAPORT... A new De Beers initiative will highlight the positive impact of natural diamonds on the areas in which they are mined.ReSet is a series of collaborations with different jewelry designers who will set diamonds discovered by De Beers into a variety of pieces that will celebrate sustainability in the sector, the miner said Monday. The first partnership, the ReSet Collective, will launch M...Read More
(IDEX Online) - The IDEX Polished Diamond Price Index rose gradually through September, closing the month up 0.8 per cent. That's an encouraging sign, especially after the 0.6 per cent rise in August, suggesting more of a positive trend than an isolated blip. It's also worth noting that the Index showed most growth in the last five days of the month, which may indicate the recovery...Read More
(IDEX Online) - A lawsuit against Octea, a subsidiary of Israeli diamond and real estate billionaire Beny Steinmetz's BSG Resources (BSGR), has been thrown out by a court in Sierra Leone.The High Court ruled last Wednesday that it was beyond its jurisdiction to hear the case and lifted a freeze on the defendants' assets.Lawyers claimed in February that an Octea-owned mine in the east of...Read More
(IDEX Online) - Workers at Canada's Ekati mine have reportedly been fired, seven months after operations were suspended because of COVID-Dominion Diamond Mines filed for insolvency in April and announced last month that being it was being bought by associates of its parent company The Washington Companies. "While this was an incredibly difficult decision, we simply cannot responsibly sta...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 20 points in pre-opening trade.AT&T slipped $0.23 to $28.45 after KeyBanc Capital downgraded the stock from Sector Weight to Underweight.MyoKardia jumped $83.38 to $221.98 and Bristol Myers eased $0.46 to $58.26 after Bristol Myers offered to acquire MyoKardia in a deal valued at $13.1 billion. Bristol Myers will p...Read More
An updated resource estimate for Caldas Gold's (TSXV: CGC) Juby gold project in Ontario, 15 km from Gowganda, features two open-pit deposits, with a total of 21.3 million indicated tonnes grading 1.13 grams gold per tonne, and 47.1 million inferred tonnes at 0.98 gram gold per tonne.According to Caldas, the latest estimate has been updated to account for regulatory requirements, such as including...Read More