The transaction will expand the company's portfolio of properties. Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) agreed to acquire Chalice Gold Mines Ltd.'s (CXN:TSX; CHN:ASX) South Rim property for 10 million shares, it announced in a news release. "We are extremely excited to expand the company's portfolio of properties with this acquisition," Black Tusk CEO Chief Richard Penn sa...Read More
The numbers from the company's three operations are reviewed in a CIBC report. In a Jan. 12 research note, CIBC analyst Cosmos Chiu reported that Dundee Precious Metals Inc. (DPM:TSX) posted a solid Q4/19 and its production for 2019 fell well within the guidance range. "Overall, the results confirm that the company is set up for a strong 2020 as Chelopech's high-margin production is complemented...Read More
The potential of this company's asset is discussed in an Echelon Wealth Partners report. In a Jan. 10 research note, Echelon Wealth Partners analyst Gabriel Gonzalez purported that Revival Gold Inc.'s (RVG:TSX.V) updated Beartrack and Arnett Creek resource estimate, expected between mid and late Q1/20, should show growth and that "potential for much more" exists.Echelon expects the updated gold r...Read More
Silver appears to be very close to an evenbigger move higher. Most of the hard work of the double-bottom since 2015 isdone.The coming leg higher is the one that willlikely take prices to all-time highs. Below, is a long-term Silver chart: Note that price has broken above the50-month moving average, and consolidated above the line. This is a great buy signal, when taken into account withother...Read More
Last Thursday, the New York Fed added more than $80 billion in fresh temporary liquidity to the financial markets. Move over folks, nothing to see here – but what does it mean for gold prices?Repo Crisis Is Not OverLast week on Thursday, the New York Fed added $83.1 billion in temporary liquidity to financial markets. And banks’ demand for liquidity flared up again on Tuesday. If you h...Read More
By: Ira EpsteinGold 18-dma is the $1,540's, $20 from the current price = support. Bias is up, trend is down..Read More
- Gary Christenson, The Deviant InvestorIt was the best of times, it was the worst of times, it was the age of QE, it was the age of fiscal foolishness, it was the epoch of the Fed Put, it was the epoch of Greater Fool Theory, it was the season of golden light, and it was the season of fiat darkness.My apologies to Charles Dickens. Miles Franklin sponsored this article by Gary Christenson....Read More
Trump's impeachment progress is the key reason for gold and silver to rise. Impeachment news is the reason for gold price to rise from $1460 to $1520. Thereafter investment interest and speculative longs pushed gold past $1600. Gold prices not falling below $1530 despite some bearish news should be taken as short term positive by bulls. News on US-China trade deal (everything collected from Re...Read More
Polished trading stable with selective demand. Dealers focused on filling US orders as jewelers begin post-holiday inventory replacement. Mixed results from the season, with record e-commerce sales driving growth. Signet Jewelers Nov.-Dec. revenue -1% to $1.8B. Rising expectations for Jan. 25 Chinese New Year as US and China sign trade deal. Chow Tai Fook 3Q China sales +17%, Hong Kong -38%. China...Read More
RAPAPORT... Sales at Signet Jewelers increased during the holiday season, prompting the retailer to raise its full-year outlook.Same-store sales - at branches open for at least a year - increased 1.6% for the nine weeks ending January 4, while total revenue slipped 1% to $1.82 billion. E-commerce revenue grew 14% to $252.3 million, the company said Thursday. "We delivered holiday sa...Read More
RAPAPORT... Michael Hill's sales rose 6% in the first half of its fiscal year amid strong growth in holiday purchasing and a successful launch of lab-grown diamond jewelry.Group revenue climbed to AUD 327.3 million ($226.3 million) as higher sales in October and November outweighed weak consumer sentiment at the beginning of December, the jeweler reported Wednesday. Same-store sales - at branches...Read More
RAPAPORT... Belgium's diamond trade declined in 2019 as excess supply led to slower demand for rough and polished, the Antwerp World Diamond Centre said Wednesday.Polished exports fell 13% to $9.93 billion, their lowest level since 2009, Rapaport records showed, while rough imports and exports both slumped 26%. Total trading was also the weakest in a decade, sliding 19% to $37.1 billion."Manu...Read More
RAPAPORT... Lucara Diamond Corp. has sold Botswana's largest diamond to Louis Vuitton in a rare move that will see the fashion house partner with an Antwerp manufacturer to polish the stone.The mining company will receive an up-front payment for the 1,758-carat Sewel?? rough and retain a 50% interest in the final polished, it said in a statement Wednesday. While the diamond is of variable qua...Read More
(IDEX Online) - Lucara Diamond Corp. is collaborating with Louis Vuitton and the Antwerp manufacturing HB Company to transform the 1,758-carat Sewel?? ? diamond into a fine jewelry collection. The record-breaking diamond was recovered from the Karowe Diamond Mine in Botswana in April 2019.Lucara will receive an up front non-material payment for the Sewel?? ? and keep a 50-percent interest in the i...Read More
(IDEX Online) - Diamcor Mining Inc. sold 13,218 carats of rough in the its third fiscal quarter ended December 31, 2019. Gross revenue for the period totaled $1,412,117 or $106.83 per carat. The lower dollar per carat achieved during the period was due to the significantly higher percentage of smaller, lower quality rough diamonds recovered as part of the tailings-retreatment exercises at the...Read More
(IDEX Online) - India's state-owned miner NMDC could be getting a multi billion dollar contract to explore and mine diamonds at a diamond project abandoned by Rio Tinto, reports Reuters. Located in the central state of Madhya Pradesh, the Bunder deposits could contain millions of carats of diamonds, Neeraj Mandloi, the principal secretary of the state's Mineral Resource Department,...Read More
(IDEX Online) - The American Gem Trade Association (AGTA) is moving the judging of its annual AGTA Spectrum Awards Design Competition back to October. The move is to ensure that designers who have sourced their gemstones at the AGTA GemFair Tucson or AGTA GemFair Las Vegas have enough time to conceptualize and create their entries. "Spectrum is always such an incredible showcase of color, and...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EST. Consensus for December Retail Sales was an increase of 0.3% versus a gain of 0.2% in November. Actual was an increase of 0.3%. Excluding auto sales, consensus for December Retail Sales is an increas...Read More
January 8, 2020Dear Shareholders and Investors,The past year was an exciting time for Brixton Metals, where we drilled 9,642m between the Thorn and Atlin Projects and raised more than $10M in what remains a challenging market for junior exploration companies. We thank you for your support and sustained optimism as we continue to unlock the mountain of value and generate new discoveries on our whol...Read More
Eldorado Gold (TSX: ELD; NYSE: EGO) has announced the discovery of a new zone of gold mineralization, the Ormaque zone, at its Lamaque gold project.Drill highlights include 27 metres of 10.2 grams gold per tonne; 12 metres of 26.82 grams gold per tonne; and 16 metres of 25.53 grams gold per tonne.The Ormaque zone is located within a previously-undrilled gap in mineralization between the historic S...Read More