Artemis all set thanks to unique approachSPONSOREDartemis resourcesProduction for the quarter amounted to 13,635 tonnes - a record for the company. Atalaya said the increase was driven by higher throughput, with higher recovery compensating a drop off in grade.However, output was 5% below the estimate of Canadian bank BMO.Artemis all set thanks to unique approachSPONSOREDartemis resources"The slig...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesPreliminary trade data for June, released on Monday night, showed total goods imports rose by 2.7% year-on-year in June, having been down by 16.7% in May.Read More
Asian-Pacific equities were mixed this morning, Wednesday July 15, with markets in China and Hong Kong lower, while other markets in the region and pre-market major western equity markets were firmer.The base metals traded on the London Metal Exchange and Shanghai Futures Exchange gave a similarly divergent performance; three-month base metals prices on the LME mostly edged higher this morning, wh...Read More
TSX Composite Index moved above $15,980.07 and the TSX 60 Index moved above 963.58 to a 4 month high extending an intermediate uptrend.Equity indices and related ETFs tracking equity markets outside of North America are breaking to four month highs extending intermediate uptrends. EAFE (EFA) moved above $73.76.European iShares were notable for their breakouts to four month highs:Other breakouts by...Read More
Based on the strong economics of the Phase III Expansion study for the Island Gold mine in Ontario, which includes a new 1,373-metre shaft, Alamos Gold (TSX: AGI; NYSE: AGI) announced that it is proceeding with an expansion of the underground mine to 2,000 tonnes per day, up from 1,200 tonnes per day.The expansion study outlines average gold production of 236,000 oz. annually starting in 2025, onc...Read More
Kinross Gold's (TSX: K; NYSE: KGC) Lobo-Marte gold project in northern Chile could produce a total of 4.5 million oz. gold over a 15-year mine life at an estimated cost of US$995 million, according to a newly released prefeasibility study (PFS).The nearly US$1-billion price tag for the project, located in the country's Maricunga mining district, includes a US$230 million contingency.The project wo...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Asiamet Resources: Copper's Best Kept SecretSPONSOREDasiamet resourcesIronRidge shows its mettleSPONSOREDironridge resources Saturday papers are not what they were. Time was, when the weekend rag was something to behold.Read More
Russian miner Nordgold (LSE: NORD) is offering to buy all shares in Ghana-focused Cardinal Resources (ASX: CDV) it does not already own, valuing the Australian-listed company's equity at A$347 million (US$243 million).Nordgold, whose non-executive chairman is billionaire Alexey Mordashov, is Cardinal's largest shareholder with a voting power of almost 19%.The Moscow-based company had attempted to...Read More
Cornerstone Capital Resources (TSXV: CGP) plans to call a meeting of SolGold's (TSX: SOLG; LSE: SOLG) shareholders to replace the company's entire board, the investor said today.The move by the Ontario-based junior, which has an 8% interest in SolGold, comes after it rejected the Ecuador-focused mining company's second takeover approach on July 14."The current SolGold board is incapable of managin...Read More
Putting nature above business considerations has the potential to generate 395 million jobs and US$10 trillion in business opportunities by 2030, the World Economic Forum (WEF) says in a new report.Unprecedented job losses and economic uncertainty due to the coronavirus pandemic have governments looking at ways to stimulate growth safely. Experts at the WEF say the answer can be found in what they...Read More
West Red Lake Gold Mines, Inc. (CSE: RLG, OTCQB: RLGMF, FSE: HYK) has assembled a significant property position, totaling 3,100 hectares, in the prolific Red Lake Gold District of Northwest Ontario, Canada, which contains three former gold mines. We learned from John Kontak, President and Director of West Red Lake Gold Mines, that they have commenced drilling, targeting new high-grade discoveries...Read More
The key numbers and the timeline for this Mexican asset of Endeavour Silver are addressed in this ROTH Capital Partners report. In a July 14 research note, ROTH Capital Partners analyst Joe Reagor reported that Endeavour Silver Corp. (EDR:TSX; EXK:NYSE; EJD:FSE) released a summary of the updated prefeasibility study of its Terronera silver-gold project and that it "shows robust economics' and dem...Read More
RAPAPORT... A New York-based designer plans to establish a trade organization to help jewelers from the black, indigenous and people of color (BIPOC) community progress in the industry."We will begin with a focus on education through outreach to high-school students," Angely Martinez told Rapaport News Tuesday. "We will then implement programs such as funding and mentorship for emerging talen...Read More
RAPAPORT... Sales in Chow Tai Fook's Hong Kong stores dropped sharply in the first fiscal quarter amid a decrease in tourism and weak consumer sentiment due to the coronavirus pandemic.Retail sales slid 69% in Hong Kong and Macau in the three months ending June 30, while same-store sales - at branches open for at least a year - plunged 76%, the jeweler reported Tuesday. That drop heavily outw...Read More
Sometimes when we observe people on the streets, when we see crowded restaurants and pubs, it seems like the pandemic has ended. But is the global epidemic really over? Not at all. Please look at the chart below. As one can see, the daily number of confirmed cases of COVID-19 in the world is still in an upward trend. However, in the developed countries the number of daily new cases has declined a...Read More
As a contrarian and long-term holder of Goldcorp. (now Newmont), the latest push higher in the price of gold begs the question: is now the time to sell?The concern, for the uninitiated, is that after the price of gold moves powerfully higher there is an uncanny tendency for forces to mysteriously align and push prices powerfully lower.These “forces” (excuse the conspiratorial flare), h...Read More
RAPAPORT... Twelve jewelry designers have received the Manufacturing Jewelers & Suppliers of America (MJSA) Vision Award, which this year includes a new category for colored-stone distinction.The prizes honor outstanding creativity, craftsmanship and technological prowess, as well as originality and functionality. MJSA awards them to both professionals and students, the trade organization...Read More
Editor's Note: I first introduced you to Reconnaissance Energy Africa a little over a month - and 70% - ago (interview here). Founder Craig Steinke calls it "the highest-impact oil and gas play in the world right now." His company is about to ship a rig to the Kavango Basin in Namibia, which it entirely controls. It'd be like if one company controlled the entire Eagle Ford. I recap recent explorat...Read More
Sometimes when we observe people on the streets, when we see crowded restaurants and pubs, it seems like the pandemic has ended. But is the global epidemic really over? Not at all. Please look at the chart below. As one can see, the daily number of confirmed cases of COVID-19 in the world is still in an upward trend. However, in the developed countries the number of daily new cases has declined a...Read More
As a contrarian and long-term holder of Goldcorp. (now Newmont), the latest push higher in the price of gold begs the question: is now the time to sell?The concern, for the uninitiated, is that after the price of gold moves powerfully higher there is an uncanny tendency for forces to mysteriously align and push prices powerfully lower.These “forces” (excuse the conspiratorial flare), h...Read More