Aben Resources states it will initially focus on testing a new target area with high-grade surface samples from outcrop. Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) kicked off drilling at its Forrest Kerr gold project in British Columbia's Golden Triangle, it announced in a news release. The purpose, the company noted, is to test a new area, from which surface samples taken from outcrop returned...Read More
Troilus Gold Corp. reported it has been granted environmental regulatory approval to commence dewatering of Z87 and J4 Pits at its property located within the Frot?t-Evans Greenstone Belt. In a news release,Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) announced that it has received a "Certificate of Authorization from the Minist?re de l'Environnement et de la Lutte contre les changements climatiques...Read More
Revival Gold is working to deliver a project preliminary economic assessment by year-end. Revival Gold Inc. (RVG:TSX.V; RVLGF:OTCQB) expanded this year's drill and geophysics programs at its Beartrack-Arnett gold project in Idaho, it announced in a >news release. "Revival Gold has ramped up to complete the biggest exploration program to be undertaken at Beartrack-Arnett since the 1990s," Presiden...Read More
Money manager Adrian Day provides updates on four companies in his portfolio, with several buys, and includes gold recommendations for new investors to buy. Ares Capital Corp. (ARCC:NASDAQ, 14.57), the largest Business Development Company ($6.2 billion market cap) had a good quarter, although lending activity (and associated fees) was muted, something the company expects to continue. In the event...Read More
Bob Moriarty of 321gold profiles a company with some prominent backers that began trading just in the last 10 days. We are in the correction that a few people accurately predicted. My gut tells me it will go into September but since the DSI predicted the top, I think the DSI will call the bottom. We have not had an all time high in either gold or silver but we did have something investors can tra...Read More
Ask precious metals' holders and chart technicians what in the last6-8 weeks stands out in their mind and they will point to the breakout of gold andsilver above areas which had contained them for almost a decade.Gold rocketed without pause to $2,070. Silver,though still well below record nominal dollar highs, sliced through $26, whichwas supposed to be a lid on prices until next year.A litany of...Read More
Do precious metals still represent good value?With gold justcoming off a new all-time high above $2,000/oz and silverhaving more than doubled off its March bottom, some investors may be wary ofentering these markets right now.However, when adjusted for inflation, whenmeasured against the stock market, or when compared to total money supply, astrong case can be made that gold is not yet overvalued...Read More
The forecasted pullback is clearly well underway. Silver's 200-day is at $18 and rising, but watch $23. A sharp move below there, and watch for $19...by David Brady via Sprott MoneyToday's article will be relatively simple and straightforward. At the risk of repeating what I've said since June 6, the forecasted pullback is clearly well underway. The only question that matters now is where the low...Read More
How long will it take them to understand that the price manipulation GAME IS ENDING and it will all come down to Who Holds the Physical?!by Bix Weir of Road to RootaSilver is scarce. Very Scarce and the Silver Users know it. How long will it take them to understand that the price manipulation GAME IS ENDING and it will all come down to Who Holds the Physical?!Read More
RAPAPORT... De Beers has reduced prices of rough larger than 1 carat ahead of next week's sight amid a gradual improvement in demand and shortages in certain categories, sources told Rapaport News. The reductions were around 6% to 8%, according to sightholders and other industry insiders who spoke with Rapaport News Thursday. "Very few people have seen their goods and received their prices, b...Read More
Polished market improving as governments ease Covid-19 restrictions. Dealers emphasizing digital trading. US and China driving demand for select categories. Uptrend in 0.30 to 0.89 ct. SIs. Suppliers staying firm on prices as dealers struggle to fill orders. Cutters consider increasing production as expectations rise for holiday season. Alrosa 2Q profit -98% to $3.6M. Tiffany extends traceability...Read More
RAPAPORT... India's finance ministry has agreed to form a special group to help resolve issues affecting the country's gem and jewelry industry.The task force will address various requests made by the trade, such as enabling direct sales of rough diamonds by miners in the country, reducing the polished import duty to 2.5% from 7.5%, and issues pertaining to the goods and services tax (GST), the Ge...Read More
RAPAPORT... Discretionary spending on jewelry could increase as US consumers reallocate funds they would have used on travel, dining and other experiences prior to Covid-19, according to a De Beers report."As some consumers find themselves with additional discretionary income as a result of spend in other areas such as travel being canceled, there is potential they will allocate this to alternativ...Read More
RAPAPORT... A ring made entirely of natural diamond has become the first of its type to reach the Gemological Institute of America (GIA) for evaluation.The 13.15-carat, fancy-dark-grey diamond originated from a rough stone weighing around 20 carats, the GIA said in the spring issue of its Gems & Gemology journal, which it published last month. A customer recently submitted the piece to th...Read More
(IDEX Online) - It's a diamond ring, but not as we know it. The entire piece (pictured) has been carved from a fancy dark grey natural rough type IaB diamond and weighs 13.15 carats.The Gemological Institute of America's New York lab say it's the first ring of its kind submitted to them for evaluation.It probably started life as a 20-carat rough, they say in the spring is...Read More
RAPAPORT?EUR?PRESS RELEASE, August 18, 2020, New York... The Rapaport Group congratulates the governments of the United Arab Emirates (UAE) and Israel on the normalization of relations. Trade ties between the two countries are expected to improve with significant opportunity for the diamond and jewelry industry. The Rapaport Group with offices in the Dubai Diamond Exchange and Israel Diamond Excha...Read More
(IDEX Online) - Women alleging sex bias by Sterling Jewelers are calling on the US Supreme Court to allow them to pursue a joint action.A group of 70,000 current and former employees claim Sterling, a subsidiary of Signet Jewelers, paid them less than men and gave them fewer promotions. Sterling strenuously denies the claims.Last November, Sterling persuaded a court that only a few hundred women w...Read More
(IDEX Online) - Tiffany & Co is to provide unprecedented detail on the provenance of its diamonds, by telling customers exactly where each stone was mined, sorted, graded, cut and set.The New York-based jeweler says it will share the "full craftsmanship journey" for each each newly-sourced, individually-registered stone of 0.18 carats or above, to show its commitment to complete traceability.I...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesMuch of the increase was due to the impact of higher precipitation estimates on water management infrastructure and operating costs, and changes in power supply from liquified natural gas to diesel.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe London-listed company (ANTO) is now guiding for full-year net cash costs of $1.20/lb, 10c/lb below its original guidance, after achieving a 5.Read More