Steve St. Angelo, SRSrocco Report What goes up, must come down. And, this is most certainly true for the mighty North Dakota Bakken... the second-largest shale oil-producing region in the United States. Even after the global contagion fades away, the North Dakota Bakken has likely reached peak production. According to a new chart by Jean Laherrere, from his recent work titled, Negative WT...Read More
By: Ira Epstein18-day moving average near 1740, strong support in the lower $1700's:Read More
Gold and silver are likely to decline even more. Here's why...by Przemyslaw Radomski via Sunshine ProfitsThe precious metals sector was likely to decline, and it did exactly that. And based on what we just saw, it's likely to decline even more.Once again, the situation yesterday and so far today developed quite in tune with what we wrote yesterday, so today's analysis will take form of a broad up...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Rising stocks of concentrate, high treatment charges and difficulties in selling less desirable qualities of concentrate was expected to result in mine production losses over the next few years. But coronavirus has changed this dynami...Read More
RAPAPORT... The Swiss Gemmological Institute (SSEF) has introduced a service that determines a pearl's species using DNA fingerprinting.The Basel-based laboratory has substantially expanded its database and capabilities, enabling it to identify each of the eight oyster species that account for the vast majority of gems available in the natural- and cultured-pearl trade, it said Tuesday. It ac...Read More
RAPAPORT... Lucapa Diamond Company has completed a rights issue that successfully raised AUD 5.25 million ($3.6 million) to fund its search for the kimberlite source of its high-value alluvial stones.The proceeds will help the miner excavate and process the first kimberlite samples from the Lulo area in Angola, where the company's alluvial mine has produced several large diamonds in recent ye...Read More
RAPAPORT... Alrosa sold 102 large rough diamonds at its latest digital tender, noting that there was still demand for its goods despite the coronavirus crisis."The results of the digital tender's first round show that demand for rough diamonds persists [in] the market, and our clients are ready to buy diamonds through the online channel," Alrosa deputy CEO Evgeny Agureev said in a statement...Read More
(IDEX Online) - De Beers has confirmed that Sight 5 will take place as planned, and says Sight holders will be able to attend in South Africa or Namibia if they're unable to travel to Botswana.The move comes after Sight 4, held as usual in Gabarone in early May, saw sales activity virtually wiped out by COVID-19 and the resulting travel restrictions. Sight 3, at the end of March, was ca...Read More
(IDEX Online) - Alrosa's long-term clients bought 102 of more than 800 large rough diamonds offered in the company's biggest ever digital tender.The remaining stones will now be made available to other customers to select from 5-10 carats batches.For the first time, the Russian state-owned miner sold diamonds online from boxes, piece by piece, in response to COVID-19 restrictions.It prov...Read More
(IDEX Online) - Workers in Minneapolis fled in terror when looters threw a rock through their jewelry store window. A dozen staff were stashing valuables in a safe at R.F. Moeller Jewelers, in St. Paul, when company president Bob Moeller received a text warning from police that a mob was approaching. They escaped through a back door as looters smashed their way in with sledgehammers. The company&#...Read More
While metals prices were mixed this morning, Wednesday June 3, broader markets were looking more upbeat and the underlying trends in the metals are also upward. China’s Association of Automobile Manufacturers (CAAM) estimated vehicle sales growth of 11.7% year on year in May, which follows a 4.4% rise in April. Given how metal intensive cars are and the fact that China’s vehicle market h...Read More
NEW TOOLS IN ITS LATEST MICROMINE UPGRADESPONSOREDmicromineCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesThis reactivation will encompass at least 80% of Peru's mining production capacity, according to the SNMPE.Peru's mining secto...Read More
U.S. equity index futures were higher this morning. S&P 500 futures advanced 18 points in pre-opening trade. Index futures were virtually unchanged following release of the May ADP Employment report at 8:15 AM EDT. Consensus was job loss of 9.0 million versus job loss of 20.236 million in April. Actual was job loss of 2.760 millionThe Canadian Dollar was virtually unchanged at US73.78 cents pr...Read More
ELKO, Nevada, June 3, 2020 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) (the "Company"), a gold exploration and development company, is pleased to announce that it will hold electronic investor update webinars throughout June hosted by CEO Roadshow. Mr. Edward Karr, President & CEO, intends to update attendees and USAU shareholders on the outlook for the Company and will be available fo...Read More
Perseus Mining (TSX: PRU; ASX: PRU) is acquiring Exore Resources (ASX: ERX) in an all-share deal worth A$58.9 million (US$41million).Exore Resources' flagship Bagoe project is within 50 km of Perseus Mining's Sissingue gold mine in northern Cote d'Ivoire, and the two West Africa-focused companies see important synergies in the transaction."The acquisition of Exore results in Perseus gaining owners...Read More
Probe Metals (TSX: PRB; US-OTC: PROBF) has released assay results for drill holes completed at its wholly owned Val-d'Or East property, which covers 119 sq. km near Val-d'Or, Quebec.According to the company, drilling has extended the Bussiere West and Southeast zones, which lie along the Courvan gold trend, on strike and at depth.The drill highlights included 14 metres of 6.8 grams gold per tonne...Read More
The Young Mining Professionals (YMP) has announced the 2020 launch of its YMP Scholarship Fund, with a total of $61,500 available for the 2020-21 academic year for students studying mining-related programs in Canada."The idea for the scholarships was not only to support students but also to help our industry address the talent gap," Stephen Stewart, director of YMP Toronto and president and CEO of...Read More
GoldMining (TSX: GOLD; US-OTC: GLDLF) has reported a mineral resource estimate for its wholly owned 17.2-sq.-km Almaden project, 140 km north of Boise in Idaho.The pit-constrained estimate includes 43.5 million indicated tonnes grading 0.65 gram gold per tonne for a total of 910,000 contained oz. with a further 9.2 million tonnes inferred at 0.56 gram gold containing 160,000 gold ounces. The resou...Read More
The Santa Rita mine in Brazil - one of the largest open-pit nickel sulphide mines in the world - remains fully operational with limited disruptions to the supply chain, owner and operator Atlantic Nickel reported on June 2.By the end of the first quarter, the mine completed its second and third shipments ahead of schedule, following its first shipment earlier in January.To date, the company has pr...Read More
Belgium's Financial Services and Markets Authority (FSMA) has broadened a probe kicked off in September 2019 into zinc firm Nyrstar NV that is looking into possible ties between the company and Trafigura, the world's number two metals trader.Geneva-based Trafigura took control of Nyrstar in early 2019 as part of a restructuring process that all but wiped out other shareholders. Investors ended up...Read More