RAPAPORT... Sales of jewelry and other luxury items in Hong Kong slid in August as coronavirus cases surged.Revenue from jewelry, watches, clocks and other valuable gifts plunged 38% year on year to HKD 2.46 billion ($317.5 million) for the month. While the figure showed a slowdown in the decline reported over the past few months, it did not necessarily indicate a recovery, Hong Kong's Census and...Read More
RAPAPORT... G? 1/4 belin Gem Lab has partnered with the Swiss Center for Electronics and Microtechnology (CSEM) to apply artificial intelligence to its gemstone analysis.Determining a gemstone's authenticity and country of origin currently relies heavily on human judgment, G? 1/4 belin noted Wednesday. By collaborating with CSEM, the Swiss lab will use machine learning to increase the reliabi...Read More
RAPAPORT... BlueRock Diamonds expects output to more than double in 2021 amid the expansion of its Kareevlei mine in South Africa, it said Tuesday.The company plans to produce between 34,000 and 46,000 carats next year, compared with 13,800 to 18,000 this year. Prior to the coronavirus pandemic, the miner had forecast total output of only 16,000 carats to 21,500 carats for 2020. The guidance for 2...Read More
RAPAPORT... US polished-diamond imports fell 50% to $806 million in July, according to data from the Commerce Department. The decline was steeper than June's 34% drop. US Trade Data for July 2020Read More
(IDEX Online) - BlueRock reported a first-half operating loss of $1.9m but revealed plans to more than double production at its Kareevlei mine, in South Africa.The UK-based miner was forced to halt operations for seven weeks because of COVID-19, but mitigated losses through an agreement with brokers Bonas-Cousyns to sell its diamonds in Antwerp and achieve higher per-carat prices.BlueRock said it...Read More
(IDEX Online) - A struggling artisan in India found a 30-carat bag of diamonds, worth over $12,000 . . . and handed them back to their owner.Rajesh Rathod admitted he did consider keeping the gems to sell after stumbling upon them near a diamond market in Varachha, Surat, on 25 September.The coronavirus pandemic has seen his wages working in the diamond industry almost halved to around a $12...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Collahausi, one of the largest copper mines in the world with production of 565,400t in 2019, maintained a high level of performance despite the restrictions related to COVID-19, which forced it toRead More
Base metals prices and Asian-Pacific equities were mixed this morning, Wednesday September 30, although pre-market western equity index futures were weaker following a confrontational and not very presidential first debate between US President Donald Trump and former Vice President Joe Biden, the democratic candidate.China’s official and Caixin manufacturing purchasing managers’ indices...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points in pre-opening trade.Index futures were virtually unchanged following release of economic news. Consensus for the September ADP Employment Report released at 8:15 AM EDT was an increase to 650,000 from an upwardly revised 481,000 in August. Actual was 749,000. Consensus for final estimate of second quarter a...Read More
Great Panther Silver changed its name to Great Panther Mining (TSX: GPR; NYSE-AM: GPL) last year after adding the Tucano gold mine in northern Brazil to its portfolio of two primary silver mines in Mexico and a silver-lead-zinc-copper project in Peru. Now gold makes up 80% of the company's revenue and silver the remaining 20%."It was a very transformational transaction," Great Panther's new presid...Read More
Sample results from this summer's regional exploration program at Troilus Gold's (TSX: TLG; US-OTC: CHXMF) 1,073-sq.-km namesake property in Quebec suggest a new zone of mineralization, Beyan, 8 km southwest of the Southwest zone deposit.Sample highlights from the new area include 9.7 grams gold per tonne and 1.1 grams silver per tonne; 2.81 grams gold per tonne; 2.69 grams gold per tonne; and 2.2...Read More
Kinross Gold (TSX: K; NYSE: KGC) says it plans to strengthen its medium-term production and cash flow profile with the US$93.7 million acquisition of the Peak Gold project in Alaska, 400 km southeast of its Fort Knox mine.The open-pit project, which is expected to start production in 2024, will be "a low-risk 'tuck-in'" to leverage the company's existing mill and infrastructure at its Fort Knox mi...Read More
Newmont Mining (TSX: NGT; NYSE: NEM), the world's largest gold producer, and Canada's Agnico Eagle Mines (TSX: AEM; NYSE: AEM) have formed a 50-50 joint venture in Colombia to explore the Mid-Cauca belt, in the country's northwest.The partners will focus on the Anz?? gold project, in which Newmont has earn-in rights, as well as other prospective gold targets of district-scale potential in Colombia...Read More
The shares of Teck Resources (TSX:TECK.B)(NYSE:TECK) rose sharply by over 23% in September against a 1.8% drop in the TSX Composite Index. It was the second consecutive month its stock surged. In August, the Canadian miner’s stock went up by 11%.What triggered a rally in Teck Resources stock?Like the most other metal mining companies, Teck Resources started 2020 on a negative note, as the fe...Read More
Here's the latest on one of the largest banks in the world...By Matt from Silver Fortune via Silver Fortune$920 million fine for one of the largest banks in the world.Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Speaking on a webinar focused on Chile's 2020-2029 portfolio of development projects, he said that of the 49 projects with an aggregate value of $74 billion, 23 had delayed their start-up by one orRead More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The company launched a 40,000m drilling programme a couple of months ago on the Warintza Central area with a single drill rig.Read More
Oct 02, 2020 Guest(s): Will Rhind CEO, GraniteShares JPMorgan settled a $920 million fine with U.S. authorities on charges of precious metals price manipulation last week. This is significant because rumors and speculation about metals manipulation is confirmed in such a large profile case for the first time, said Will Rhind, CEO of GraniteShares."Throughout my career, there have always been the...Read More
This second part of our research post on super-cycles and precious metals will present our expectations going forward for 6 to 24+ months. In Part I of this research post, I linked a number of our previous research articles we recommended to readers to review for context and continuity. If you have not read Part I of this research article, please take a minute to review that first segment be...Read More
I like to find "the next big thing" that no one else sees.Then I position early in quality speculations ahead of the trend.It's how I've been able to find serial success in the publishing and early-stage funding space - what some would call venture capital - for a decade now.I think I know what the next big thing is. And I'm now making my early speculations.But when I say early... I mean early.It'...Read More