(IDEX Online) - India's biggest show for the jewelry trade is to take place as a virtual event in October.The flagship India International Jewelry Show (IIJS) Premiere, which typically attracts 40,000 visitors and over 1,300 exhibitors, should have taken place in August but was axed because of the pandemic.Organizers GJEPC today said they were expecting 500 exhibitors and 10,000 buyers at IIJ...Read More
(IDEX Online) - Workers at the Diavik diamond mine, close to the Arctic circle, were surprised to find a grizzly bear prowling the cafeteria.It's not clear how the animal gained access to the site, at Lac de Gras, in Northwest Territories, Canada, but staff suspect it entered through external doors to the adjoining kitchen.A picture of the bear was posted on Facebook, captioned: "This is wild...Read More
(IDEX Online) - The Zimbabwe government has banned mining for diamonds and other minerals in its national parks.It was responding to calls from environmental and wildlife groups, who raised concerns about threats to biodiversity, tourism and the elephant population.Mining for diamonds, gold and coal is widespread in national parks across southern Africa, Shamiso Mtisi, of the Zimbabwe Environmenta...Read More
Base metals prices were for the most part firmer this morning, Tuesday September 15, supported by some good Chinese economic data.* China’s industrial production climbed by 5.6% year on year in August, after a 4.8% rise in July, while retail sales rose by 0.5% year on year in August, after a 1.1% fall in July.* Asian-Pacific equities were mixed, however, with gains in China, Hong Kong and Sou...Read More
Cognizant (CTSH), a NASDAQ 100 stock moved above $69.26 extending an intermediate uptrend.Hong Kong iShares (EWH) moved above $22.94 extending an intermediate uptrend. Bank of New York Mellon (BK), an S&P 100 stock moved below $35.21 setting an intermediate downtrend.Citigroup (C ), an S&P 100 stock moved below $47.72 setting an intermediate downtrend.Pre-opening Comments for Tuesday Septe...Read More
Kore Mining (TSXV: KORE; US-OTC: KOREF) has released the results of a preliminary economic assessment (PEA) for its wholly owned Long Valley gold deposit in California's Mono County, which suggests low costs, both in terms of the up-front capital required, as well as during operations.In a news release, Kore highlights how the PEA has the "potential to generate strong returns while being in full c...Read More
Tectonic Metals (TSXV: TECT; US-OTC: TETOF) has released the first set of drill results from the 2020 drilling campaign at its Tibbs gold project, located in the Goodpaster mining district, 175 km southeast of Fairbanks, Alaska and 35 km from Northern Star Resources' (ASX: NST) Pogo mine. The 27-hole, 3,202-metre drill program focussed on the Michigan zone, where a new high-grade mineralized str...Read More
Simon Taylor, managing director of Oklo Resources (ASX: OKU), has acquired 400,000 shares of the company.The Australia-listed company is advancing its flagship Dandoko gold project in Mali, 30 km east of B2Gold's (TSX: BTO; NYSE-AM: BTG) Fekola project and 50 km southeast of Barrick Gold's (TSX: ABX; NYSE: GOLD) Loulo project.At the end of August, the company reported assay results of 12 reverse c...Read More
This week's episode features BHP's "Building a Better World Climate Change Briefing" that was broadcast to the internet on Sept. 10. Led by BHP chief executive officer Mike Henry, the webcast revealed how the world's largest mining company plans to address the challenges of climate change, including concrete steps it's taking to reduce Scope 1, 2 and 3 emissions. The presentation also included chi...Read More
Calgary-based lithium developer E3 Metals (TSXV: ETMC; US-OTC: EEMMF) announced the discovery of a new lithium enriched aquifer in south-central Alberta. The lithium enrichment was discovered in the Nisku aquifer, and the company says sampled lithium grades ranged up to 75 milligrams per litre (mg/L).The Nisku is laterally extensive across the company's permit area and is located just above anoth...Read More
BHP (NYSE: BHP; LSE: BHP) has frozen the salaries of its key executives for the coming financial year, while paying chief executive officer Mike Henry US$6.1 million for the first six months on the job.In its remuneration policy section of its annual report, the world's largest miner said that Henry, who replaced former boss Andrew Mackenzie in January, owed most of its salary to short- and long-t...Read More
Following last month's announcement by the Government of Saskatchewan to build a $31 million domestic rare earths processing facility, Appia Energy (CNSX: API; US-OTC: APAAF) has released the results of assays taken from its wholly owned Alces Lake REEs project in Saskatchewan. The 143 sq. km property is situated 30 km east of Uranium City in the Athabasca Basin of northwestern Saskatchewan.Speaki...Read More
Appian Capital Advisory's Atlantic Nickel has released the results from a preliminary economic assessment (PEA) of its wholly owned Santa Rita nickel-copper-cobalt mine in northeastern Brazil. Santa Rita, one of the largest open-pit nickel sulphide mines in the world, was acquired by the private equity firm from Mirabela Nickel in a bankruptcy process in 2018. Since open-pit operations restar...Read More
Central Asia Metals (AIM: CAML) has reported that tailings from its Sasa zinc-lead mine have leaked into a local river in North Macedonia.The leakage, discovered at 5 a.m. on Sept. 14, "was stopped soon after and nobody has been harmed," the company said in a statement, adding that "an investigation is now underway to ascertain the volume of leaked material as well as the root cause."The undergrou...Read More
Teck Resources (TSX:TECK.B)(NYSE:TECK) is a highly cyclical stock. And that’s what made it possible to make a big run from $5 to $60 per share, a 12-bagger, more than a decade ago.More recently, from 2015 to 2018, it had another nice ride from $5 to $38 per share for a seven-bagger.The stock’s most recent low of $9 in March this year didn’t seem nearly as attractive as its sell-o...Read More
Sep 17, 2020 Guest(s): Mark O'Dea Chairman & Founder, Oxygen Capital With precious metal prices up sharply this year and a depleted pipeline of projects due to under-investment, the chair and founder of Oxygen Capital, Mark O'Dea, told Kitco on Monday there won't be that many new mines opening after his Pure Gold Mining (TSX-V: PGM, LSE: PUR) starts up later this year. Oxygen Capital is an integ...Read More
Sep 17, 2020 Guest(s): Peter Hug Global Trading Director, Kitco Metals Gold and silver prices have been trading rangebound, but the price patterns suggest that the metals are currently consolidating and are ready to see the next move, said Peter Hug, global trading director of Kitco Metals. "The fact that people are not selling into a market that isn't as frenetic as it was a month or six weeks...Read More
$2,000. Think about this number. Theoretically, it’s just a number, one of many. But… somehow we feel that jumping above this level was a big event in the gold market. After all, gold surpassed this psychologically important point for the first time in history, reaching record high, as the chart below shows. How did gold manage to achieve it? The obvious reason is the coronavirus cris...Read More
Let me show you something a lot of people don't understand about the gold sector.It'll perfectly illustrate how the market is handing us a fantastic opportunity.It is profoundly easy to make more money off the same basic trend just by picking the right ticker.Right now, it means the difference between being up 30% or up 46%. And that is just with ETFs.This is the gold multiplier effect and it is b...Read More
$2,000. Think about this number. Theoretically, it’s just a number, one of many. But… somehow we feel that jumping above this level was a big event in the gold market. After all, gold surpassed this psychologically important point for the first time in history, reaching record high, as the chart below shows. How did gold manage to achieve it? The obvious reason is the coronavirus cris...Read More