Irving Resources has entered into a binding option agreement to acquire the mining license for the Yamagano mine located in southern Kyushu, Japan. In a news release, Vancouver-based Irving Resources Inc. (IRV:CSE; IRVRF:OTCBB) reported that it has "signed a binding option agreement with Shimadzu Ltd. to acquire the 5.2 sq km Yamagano mining license, site of extensive historic high-grade gold vei...Read More
RESEARCH HIGHLIGHTS:Uncertainty and cycle events will likely lead to continued Gold and Silver price appreciation until the cycle events end (likely in 2024 or 2025).The gold/silver ratio chart shows very clear levels of support and resistance. With the next targets $2,000-$2,250, $3,200 then $5,500+.Extended basing may continue for the next 2 to 4+ months.I have received many comments and questio...Read More
Why are these guys still allowed to trade in the gold and silver markets?Bix Weir with Chris Marcus on Arcadia EconomicsAs more details continue to emerge about the "criminal racket" enterprise JPMorgan's precious metals desk was running, a natural question emerges.Why are these guys still allowed to trade in the gold and silver markets?Fortunately Bix Weir of Road to Roota stopped by at Silver Fe...Read More
RAPAPORT... Watches of Switzerland Group has acquired pre-owned and vintage timepiece company Analog Shift in an effort to capitalize on the rising popularity of the secondhand market.The brands first collaborated in 2018, when the UK-based watch group offered a curated selection of Analog Shift's pre-owned timepieces at its newly opened New York City flagship store. That collection became one of...Read More
RAPAPORT... Sales and profit plummeted at Indian diamond manufacturer Asian Star in the first fiscal quarter as the coronavirus froze the company's activities.Revenue slumped 80% year on year to INR 1.64 billion ($22.2 million) for the three months ending June 30, the Mumbai-based company said earlier this month. Net profit plunged 98% to INR 4.3 million ($58,356).The figures, which include t...Read More
RAPAPORT... Sotheby's will sell a 118.88-carat, royal-blue, unheated Burmese sapphire in Hong Kong next week, the largest of its kind the auction house has offered in 20 years. The cushion-shaped stone, surrounded by pear-shaped diamonds weighing a total of 16.06 carats, will lead the October 7 Magnificent Jewels sale, Sotheby's said Monday. A pear-shaped, 4.84-carat, fancy-vivid-blue, internally...Read More
RAPAPORT... LVMH has filed a countersuit against Tiffany & Co., claiming a legal right to pull out of the companies' tie-up due to Covid-19 and the US jeweler's "mismanagement" of the crisis.The pandemic constitutes a "material adverse effect" that allows LVMH to renege on the $16 billion takeover deal, LVMH argued Tuesday. The catastrophic period will have serious and long-term effects o...Read More
(IDEX Online) - Raiders broke in through the roof of a Kay Jewelers store - part of the Signet group - and fled with an estimated $1m of jewelry.Police responded to an emergency call after the alarm went off in the early hours last Friday morning, but looked through the windows and saw no evidence that anything was amiss.When staff arrived for work hours later at the store in Hinnesville, Georgia,...Read More
(IDEX Online) - The French luxury conglomerate LVMH yesterday countersued Tiffany & Co, claiming the takeover agreement had become invalidated by the coronavirus pandemic. LVMH backed out of its delayed ?, ?16.2bn purchase three weeks ago, citing pressure from the French government over a tariffs war with the US and saying the deal was "no longer possible". Tiffany responded by suing LVMH.&nb...Read More
(IDEX Online) - India's exports of lab-grown diamonds surged by a record 40 per cent in August.They represent a tiny fraction of its overall diamond production, but have shown sustained growth during the pandemic, while sales of natural stones have suffered badly.Year-on year exports of lab-growns were 37 per cent up in June, 22 per cent up in July and 40 per cent up in August, according to t...Read More
Base metals prices on the London Metal Exchange were mixed but little changed this morning, Tuesday September 29, while prices on the Shanghai Futures Exchange were firmer as they caught up with Monday’s performance on the LME.* Last week’s pullbacks have run into dip-buying – hopes for further stimulus are buoying markets.* US Congress making progress in talks regarding support mea...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The SAVANT platform, which uses satellite data to monitor up to 90% of copper smelting capacity around the world, said the global activity dispersion index averaged 44.2 during the month, a sequential improvement but still the lowest recording for August since 2016's 41.5."The most striking data in August was t...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points in pre-opening trade. McCormick slipped $4.18 to $191.00 despiter reporting higher than consensus fiscal third quarter revenues and earnings. The company also announced a 2 for 1 stock split.Walmart added $0.28 to $137.53 after announcing plans to invest up to $25 billion in the India based Tata Group. E...Read More
PRIVATE BLOG - Gold MinersPrivate blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
Large scale property acquisitions peaked in 2016-2017 led by China Molybdenum's purchase of the Tenke Fungurume mine in the Democratic Republic of the Congo.China Molybdenum bought Freeport-McMoRan's (NYSE: FCX) 56% stake in the copper-cobalt mine in November 2016 and picked up Lundin Mining's (TSX: LUN) 24% interest in April 2017 for a total consideration of $3.8 billion, based on data from Minin...Read More
Solaris Resources (TSXV: SLS) has reported assay results for the second and third drill holes completed as part of a 40,000-metre drill program at its Warinzta project in southeastern Ecuador. The program is the first drill campaign in 20 years at the 268-sq.-km project.Hole SLS-02 hit 660 metres of 0.97% copper-equivalent (0.79% copper, 0.03% molybdenum, and 0.1 gram gold per tonne) starting at s...Read More
Lion Battery Technologies is pushing forward with plans to develop lithium-ion batteries that use platinum and palladium to enhance battery performance.The company was formed as a joint venture between Platinum Group Metals (TSX: PTM; NYSE: PLG) and Anglo American Platinum (US-OTC: ANGPY), the world's largest producer of platinum group metals (PGMs), and aims to accelerate the development of n...Read More
This week's episode features DeepGreen Metals chairman and CEO Gerard Barron, who discusses the merits of deep-sea mining as an environmentally-friendly method of resource extraction. Gerard talks about his previous investment in Nautilus Minerals, the strategy behind mining polymetallic nodules, and what it's like to deal with the International Seabed Authority and the United Nations on mining pr...Read More
The most recent drill results from Canadian Palladium's (CNSX: BULL; US-OTC: DCNNF) 9.9-sq.-km East Bull property, 90 km west of Sudbury, Ont., returned broad intercepts of near-surface palladium mineralization from an area down-dip of the current resource.The preliminary results (which exclude rhodium values) are "the widest intervals of palladium mineralization reported to date at East Bull," th...Read More
GR Silver Mining (TSXV: GRSL; US-OTC: GRSLF) has discovered high-grade polymetallic disseminated and massive sulphide-rich mineralization during initial underground channel sampling on the lower level of the historic Plomosas mine at its Plomosas silver project in Mexico's Sinaloa state.GR Silver says assay results from one of the saw channel samples returned 16 metres of 90 grams silver per tonne...Read More