Ron Struthers of Struthers' Resource Stock Report considers the current outlook for miners in Nevada and highlights ProAm Explorations, which he believes is a bargain primed for advancement. We are entering into a new gold and gold mining bull market. I expect this will go down as the biggest gold bull market in history, with record paper currency printing. It is coming off the bottom of the wors...Read More
Gold Terra's Yellowknife City Project straddles two behemoth, historical, high-grade mines that produced 14 Moz of gold. Last fall, Gold Terra Resource Corp. (YGT:TSX.V; TRXXF:OTC; TXO:FSE) announced that veteran mining executive Gerald Panneton was joining the company as executive chairman. The geologist, who has more than 35 years of experience in gold exploration and mining development, founde...Read More
Dave Kranzler, Investement Research Dynamic's Mining Stock JournalThe bullion banks - at least on the Comex - have reduced their risk exposure to gold and silver derivatives over the last several months, which means reducing their short exposure. This is likely in response to the rising risk that they will be unable to meet increasing long-side counterparty delivery demands.Chris Marcus of Arca...Read More
Craig Hemke, TF MetalsWhile not the only consideration in forecasting price, it's always important to note the current COMEX contract balance. As the FOMC meets again this week, let's look under the hood to see whether or not positions are at extremes versus recent history.As you know, this has already been a strong year for COMEX Digital Gold. Price ended 2019 right at our forecast of $1520, an...Read More
By: Ira EpsteinOil API data not bullish, not consistent draws. Gold having a good start to the week, August chart breaks to neutral pattern..Read More
Interest in silver has to do with its price, which is seen as a leveraged play on the gold market. Silver has lagged gold for a couple of years, making it...Johann Wiebe interviewed on Palisade RadioJohann discusses the impact of the pandemic on global supply changes and the demand for gold and silver. Sentiment for precious metals have improved and he believes it's prudent to hold some in your po...Read More
The era of high-grade silver mines may be coming to an end. Investors have no idea what a deal they are getting in acquiring silver for such a great deal... by Steve St Angelo of SRSrocco ReportThe era of high-grade silver mines may be coming to an end. Remarkably, the top primary silver miners' average yield fell to the lowest ever in 2019. Which begs the question, will high-grade silver min...Read More
RAPAPORT... Alrosa's diamond sales plunged 85% to $40.1 million in May as the miner allowed customers to defer purchases.Rough sales slumped 86% year on year to $36.2 million, while polished revenues fell 22% to $3.9 million, the Russian miner reported Wednesday.However, total sales of rough and polished were still nearly triple April's $15.6, showing the beginning of a rebound in demand."In...Read More
RAPAPORT... HRD Antwerp has closed its equipment division, effective June 9, as part of a restructuring of the Belgian grading laboratory.The organization will increase its focus on its grading and education services, CEO Ellen Joncheere said in a statement Tuesday. The equipment division - which specializes in machines for detection, examination and manufacturing - will continue to sell diam...Read More
RAPAPORT... The World Jewellery Confederation (CIBJO) has shelved its 2020 congress due to the coronavirus pandemic.The event, which was originally scheduled for October 5 to 7 in Dubai, will instead take place in 2021, CIBJO said Tuesday. The organization's board made the decision at a virtual conference. It's the first time it has postponed the congress, noted CIBJO president Gaetano Cavali...Read More
RAPAPORT... Christie's will auction a special collection of jewelry by designer Anna Hu, with the proceeds going to support healthcare workers fighting against the coronavirus pandemic.The sale of the three pieces will benefit Diamonds That Care, Alrosa's new social-responsibility initiative. Hu is in the process of creating the jewelry using brown diamonds from Alrosa's Yakutia mines, Christ...Read More
(IDEX Online) - De Beers reportedly sold just $35m of rough diamonds at it May Sight, with demand decimated by coronavirus. The equivalent sale last year brought in $416m. The May figure for Sight 4 was disclosed to news website Bloomsberg by a well-placed source but has not been confirmed by De Beers.It did not announce the figure, as would be normal practice.The company is currently adoptin...Read More
(IDEX Online) - Alrosa's rough and polished sales showed some signs of recovery in May, after a disastrous April. They were, however, a mere fraction of its pre-COVID-19 figures. The Russian state-owned miner sold a total of $40.1m worth of diamonds in May, compared with $15.6m in April, which felt the full force of lockdown. By comparison, total sales in January, before the pandemic hit, wer...Read More
(IDEX Online) - Signet, the world's largest retailer of diamond jewelry is to close more than one in 10 of its 3,200 stores after reporting Q1 total operating losses of $291m.Most of its retail outlets closed during lockdown and almost two thirds have yet to re-open.It says that to emerge as a "stronger and more efficient organization" from the pandemic it will have to close more than 380 sto...Read More
(IDEX Online) - Thousands of British protestors have taken to the streets demanding the removal of a statue honoring Cecil Rhodes, founder of the De Beers diamond empire. It follows widespread Black Lives Matter protests in the wake of George Floyd's death at the hands of a police officer in the USA. On Sunday crowds in Bristol pulled down a statue of slave trader Edward Colston and threw it...Read More
On average, base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up by 0.2% and 0.4% respectively at 7.07am London time on Wednesday June 10. Asian-Pacific equities were mixed but pre-market major western equity index futures were up this morning, showing some mixed currents ahead of the US Federal Open Market Committee (FOMC) economic projections and statement that a...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points in pre-opening trade. Investors are waiting for news on interest rated from the Federal Reserve at 2:00 PM EDT. Consensus is that the Fed Fund Rate will remain unchanged at 0.25%. Federal Reserve Chairman Powell will give an update at 2:30 PM EDT.Index futures were virtually unchanged following release of the...Read More
Maple Gold Mines (TSXV: MGM; US-OTC: MGMLF) has released the results of hole 20-281 completed within the conceptual pit shell at the Porphyry zone at the company's 355-sq.-km Douay project in Quebec.The drill hole returned 164 metres of 0.86 gram gold per tonne starting at 107 metres and includes a number of higher-grade gold zones, including 75 metres of 1.23 grams gold per tonne as well as 5 met...Read More
While gold miners have been stealing the pandemic limelight as that precious metal's price has soared, copper miners have struggled with the collapse of their main markets, like China, and the closure of major production mines in places like Chile and Peru. By March 22, the base metal was trading at US$2.07 per lb., a full 80 ? off its peak in mid-January, and the lowest valuation since February 2...Read More
The first phase of drilling at Eclipse Gold Mining's (TSXV: EGLD; US-OTC: EGLPF) Hercules gold project within the Walker Lane trend, 40 km southeast of Reno in Nevada, has returned long intercepts of shallow gold in oxides.The drill highlights include 75 metres of 0.54 gram gold per tonne and 4.78 grams silver per tonne (0.6 gram per tonne gold-equivalent) starting at surface from the Cliffs targe...Read More