Share this articleCALGARY - The owner of the Ekati Diamond Mine in the Northwest Territories says it plans to return the suspended project to full operating status after accepting a "stalking horse bid" by an affiliated buyer to allow it to exit court protection from creditors.Dominion Diamond Mines ULC says the bid submitted by Canadian Diamond Holdings, LP and CA Canadian Diamond Mines ULC, affi...Read More
Love him or hate him, Sam Walton was a fearless businessman.His empire started 75 years ago when he took a $20,000 loan from his father-in-law to open a store in Newport, Arkansas.He was ruthless in running his business and if he saw a competitor doing something in a more efficient way, he'd adopt it to build upon his success.Even to his own management, he was aggressive in his vision for Walmart'...Read More
After using advanced geophysical technology, Black Tusk Resources is ready to begin drilling its Quebec gold property. Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) has been assiduously testing its flagship gold project, the McKenzie East property, located in the heart of Quebec's prolific gold mining region, Val-d'Or, and is about to commence drilling. Within the last few months t...Read More
Gold Standard Ventures states it aims to finalize the reserves for inclusion in a feasibility study and start the permitting process for South Railroad. Gold Standard Ventures Railroad-PinionGold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) expanded its 2020 exploration and development program at its South Railroad project in Nevada's Carlin Trend, it announced in a news release.With the approxi...Read More
Money manager Adrian Day takes a look at the gold stocks the senior miners, in particular and discusses whether they remain undervalued or whether they have moved too far, too fast. We discussedrecently how the policies of the Federal Reserve and other global central banks were extremely bullish for gold. If the various quantitative easings (QEs) after 2008 took gold on a five-year bull market th...Read More
Bob Moriarty of 321gold explains why he believes this company is on its way to mid-tier producer status. I don't think most investors understand the extent that the well-led resource companies have cashed up in anticipation of far higher prices for gold and a renewed interest in mining by the general public. The actions of the Federal Reserve and all central banks pouring bales of $100 bills onto...Read More
Someswear by price action, many others rely on indicators. There are actually manygold trading tips built around these techniques. Gold Miners Bullish PercentIndex, is one of the rare ones that don't issue signals all that often. And itshowed the highest possible overbought reading recently.Theexcessive bullishness was present at the 2016 top as well and it didn’t causethe situation to be an...Read More
Daily coronavirus casesmay be down in the United States, but that is no reason to be complacent,especially given that cold and flu season is only a few weeks away, says thenation’s top doctor. In a roundtablediscussion Thursday at Harvard Medical School, Dr. Anthony Fauci warned that“we need to hunker down and get through this fall and winter, because it’s notgoing to be eas...Read More
The $26 level is the first downside target, then the $23-$24 range, but once the consolidation that could play out over several more weeks is over...by Peter Krauth via Streetwise ReportsThey say patience is a virtue.Well, if anyone is virtuous these days, it has to be silver bulls.They also say good things come to those who wait. I believe those good things will be coming...in spades.Silver reach...Read More
RAPAPORT... Sarine Technologies has partnered with China's National Gemstone Testing Center (NGTC) to offer light-performance reports for a leading jewelry supplier in the region.The co-branded reports for high-end Chinese jewelry designer, manufacturer and wholesaler Yuanyumei (Y&M) follow Sarine's launch of a collaboration with the NGTC in September last year. Y&M will implement the...Read More
RAPAPORT... Petra Diamonds has unearthed five high-quality, blue, type IIb diamonds from its Cullinan mine in South Africa in the span of one week, it said Wednesday.The stones, which weigh 25.75, 21.25, 17.57, 11.42 and 9.61 carats, have been assessed by the company and determined to be individual diamonds, rather than part of a larger whole. The last significant blue diamond Petra recovered was...Read More
RAPAPORT... US retail sales are forecast to increase by up to 1.5% this holiday season, despite uncertain consumer sentiment and a jump in the unemployment rate, Deloitte said Tuesday.The consulting firm expects overall holiday retail sales to rise 1% to 1.5% for the November-to-January period, to about $1.15 trillion, it said. That growth is a slowdown from the same time last year, when holiday s...Read More
RAPAPORT... The Natural Diamond Council (NDC) has unveiled actress Ana de Armas as the star of its first celebrity campaign, which will debut at next week's Emmy Awards.De Armas recently received a Golden Globe nomination for her role in Knives Out, and will soon appear in the upcoming James Bond movie No Time to Die. The NDC approached the rising star as she "radiates with poise and modernit...Read More
(IDEX Online) - Alrosa says it will again offer buyers zero buyouts and extra flexibility at its rough trading session later this month.It says it is aiming to "nurture the green shoots of market recovery," after August sales leapt to $217m, from a monthly average of just $30m during the depths of the pandemic.The Russian miner acknowledged that the market has yet to reach a balance and there was...Read More
(IDEX Online) - British miner Petra has recovered five extremely rare blue diamonds at Cullinan, in South Africa.The gems are Type IIb, of high-quality color and clarity, sized between 9.61 and 25.75 carats.Blue diamonds are reckoned to be the second rarest of all fancy color diamonds after reds. Petra says the last significant blue diamond it recovered at Cullinan was a year ago, so to find...Read More
(IDEX Online) - Rising Hollywood star Ana de Armas is to front the Natural Diamond Council's first celebrity campaign.The 30-second video will debut during the first-ever virtual Emmy Awards on Sunday (20 September).The Natural Diamond Council represents the world's biggest diamond miners - Alrosa, De Beers Group, Dominion Diamond Mines, Lucara Diamond, Petra Diamonds, RZM Murowa, and Ri...Read More
The stronger tones in the base metals that have been seen this week were struggling to push ahead this morning, Wednesday September 16, because the market is waiting for direction, which is expected to come out of this evening’s US Federal Open Market Committee (FOMC) meeting.* Will the better-than-expected US recovery mean the FOMC does not need to be as dovish, especially if Congress’...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 14 points in pre-opening trade. Investors are waiting for news on interest rates to be released by the Federal Reserve at 2:00 PM EDT. Consensus is that the Fed Fund rate will remain unchanged at 0.00%-0.25%.Index futures moved slightly lower following release of U.S. August Retail Sales at 8:30 AM EDT. Consensus was a...Read More
Amex Exploration (TSXV: AMX; US-OTC: AMXEF) has reported assay results for seven holes completed at the Denise zone, within its Perron gold property in northwestern Quebec, which step out the zone to the west and towards surface. The intercepts include long intervals of mineralization, which, according to Jacques Trottier, the company's executive chairman, establish Denise as a "standalone gold zo...Read More
Wesdome Gold Mines (TSXV: WDO) has released drill results from underground definition drilling at its wholly owned Kiena mine complex, 15 km northwest of Val-d'Or and 100 km east of Rouyn-Noranda in Quebec.The 21-hole, 6,770-metre drill program, conducted between May and August, confirmed the overall continuity of the Kiena Deep A zone's geometry as well as high-grade gold mineralization. The dri...Read More