RAPAPORT PRESS RELEASE, April 7, 2020, Las Vegas... Diamond prices fell in March as the spreading coronavirus led to a dramatic decline in the global economy. Diamond markets are under pressure and facing a severe liquidity crisis as jewelry retail, diamond manufacturing and trading shut down.The RapNet Diamond Index (RAPI?,,?) for 1-carat diamonds dropped 6.8% during the month and 8.7% in the fir...Read More
RAPAPORT... Tiffany & Co. has donated $1 million to aid efforts to stem the spread of COVID-19, with a portion allocated toward providing essential medical supplies to New York.The jeweler will contribute $750,000 to the COVID-19 Solidarity Response Fund for the World Health Organization (WHO), it said Monday. Those funds will help countries around the world prevent, detect and respond to...Read More
RAPAPORT... Pandora has hired two new marketing executives to head the global business units that it established recently as part of its strategic reorganization.Frederique Gouzard will lead the "moments" global unit, which includes charms and collaborations, the Danish jeweler said Monday. She was previously a global brand marketing director for De Beers Diamond Jewellers (now De Beers Jewel...Read More
RAPAPORT... Can my company survive this crisis? How long will the shutdown last? Should I lay my workers off? Should I apply for government support? The coronavirus outbreak has left US jewelers with a string of questions. There aren't many definitive answers yet, as the outbreak has shown signs of worsening before it gets better, and estimates vary as to the severity of the economic impact....Read More
Aim-listed ldiamond producer BlueRock Diamonds’ good performance during the first quarter of 2020 has been overshadowed by the ongoing Covid-19 pandemic which has halted operations.The group, which owns and operates the Kareevlei diamond mine, in Kimberley, sold 3 267 ct during the first three months of the year, a surge of 77% compared with the 1 847 ct sold in the comparative quarter last...Read More
(IDEX Online) - Credit ratings on 70,000 jewelry firms will take account of the impact of coronavirus, says the Jewelers' Board of Trade.The non-profit organization says its reports will now include a business's rating as it stood before the Covid-19 crisis, for the sake of transparency."If a firm was highly rated prior to the crisis, that will be visible to the JBT member," said the boa...Read More
JOHANNESBURG (miningweekly.com) – Shareholders will not be permitted to attend this year’s annual general meeting (AGM) of Anglo American because of Covid-19 restrictions – but they have been invited to submit questions in advance for answering at the AGM.The London- and Johannesburg-listed diversified mining company said in a stock exchange news service announcement on Tues...Read More
(IDEX Online) - Tiffany is donating $1m to fight coronavirus and pledging to match dollar for dollar any contributions by its 13,000 employees.The New York-based jeweler's philanthropic foundation is allocating $750,000 to the COVID-19 Solidarity Response Fund for the World Health Organization, and $250,000 to the NYC COVID-19 Response & Impact Fund."During this global health crisis, we m...Read More
Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click hereThe closure was announced by health minister Rosario Turner during a press conference. Turner did not say how long the temporary closure order would last. First Quantum s...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesAlpala's resource now stands at 2.66 billion tonnes at 0.53% copper-equivalent in the measured and indicated categories, and 544 million tonnes at 0.31% copper-equivalent in the inferred category.Read More
The company had said last week the workforce at the expansion project, referred to locally as INCO, had been reduced by about 90% and INCO would be put on care and maintenance until conditions were "deemed appropriate" for a restart.Yesterday, Antofagasta said INCO contracting companies' agreements would be suspended, in principle for an estimated maximum of 120 days, and "in most cases" this did...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up across the board this morning, Tuesday April 7, with gains averaging 1.2% and 1.4% respectively.Broader markets are in a firmer tone following a 7.7% rise in the Dow Jones Industrial Average on Monday and after this morning’s announcement of a record breaking 108 trillion yen ($990 billion) stimulus package...Read More
U.S. equity index futures were higher again this morning. S&P 500 futures were up 77 points in pre-opening trade.Gold gained $15.70 to a seven year high at U.S. $1709.60 per ounce.AT&T added $0.94 to $30.38 after arranging a $5.5 billion line of credit. Kraft Heinz gained $1.04 to $26.95 after the company issued positive first quarter revenues and earnings. MMM advanced $7.80 to $148.50 af...Read More
ELKO, Nevada, April 7, 2020 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) today is pleased to announce that it will hold electronic investor update webinars throughout April hosted by CEORoadshow. Mr. Edward Karr, President & CEO will update attendees and USAU shareholders on the outlook for the Company and will be available for questions after the initial presentation.Mr. Karr states, "In...Read More
Marathon Gold (TSX: MOZ) has released the results of a prefeasibility study on its Valentine gold project in Newfoundland, which envisions a 12-year open pit mine, producing an average of 175,000 oz. gold annually in the first nine years of operation.With an initial capital cost of $272 million and average life-of-mine, all-in sustaining costs (AISCs) of US$739 per oz., the after-tax net present v...Read More
SolGold's (TSX: SOLG; LSE: SOLG) Cascabel copper-gold asset in Ecuador received a boost on Tuesday after a long-awaited third resource update for Alpala, the project's main deposit, showed larger than anticipated resources.The new resource estimate has added 1.6 million tonnes copper, 2.5 million oz. gold and 92.2 million oz. silver (a metal not previously estimated), to Alpala's measured and in...Read More
This episode features a fireside chat with senior executives from Kinross Gold, including president and CEO Paul Rollinson, Chief Financial Officer Andrea Freeborough, Chief Technology Officer Paul Tomory, Corporate Development, External Relations & Chief Legal Officer Geoffrey Gold, and Tom Elliott, Investor Relations & Corporate Development. The event was put on by the TD Securities Management S...Read More
More than a year after the tailings disaster at Vale's (NYSE: VALE) Brazil C??rrego do Feij??o iron ore mine killed 270 people, the mining industry is still slow to adopt changes needed to prevent similar catastrophes, a new study shows.According to Amsterdam-based Responsible Mining Foundation (RMF), while investor-led action has resulted in improved transparency regarding the state of global tai...Read More
MINING.COM's ranking of the world's 50 largest mining companies based on market value shows a beleaguered industry at the end of the first quarter 2020, despite a resurgent gold price and robust precious metals M&A activity.At the end of 2019, the MINING.COM TOP 50 had a combined market value of almost US$1 trillion after adding nearly US$160 billion in market capitalization over the course of the...Read More
Cifras del avance que registr?? el Covid-19 al t?(C)rmino de este 7 de abril.7 de abril 2020 COMENTA ESTE VIDEO Y COMPARTELO CON TUS AMIGOSPara m??s informaci??n entra: http://www.youtube.com/excelsiortvNo olvides dejarnos tus comentarios y visitarnos enFacebook: https://www.facebook.com/ExcelsiorMexTwitter: https://twitter.com/Excelsior_MexSitio: http://www.excelsior.com.mx/tvSuscr?-bete a nuestr...Read More