Steve St Angelo says it's quite amazing how quickly production can decline at two primary silver miners. Here are the details...by Steve St Angelo of SRSrocco ReportSilver production at the world's largest producer fell significantly in the first quarter of the year. Fresnillo PLC reported a decrease in silver production in Q1 2019 versus the same period last year, due to lower ore grades and r...Read More
When silver, gold, and the precious metals industry were red-hot bullish in the 2000's, investors could do no wrong.You could buy SILVER at just about any price and it would go higher.In today's chart, you can see three large green bullish ascending triangles from the 2000's that lead to big gains. But that was the bull market before the current bear market.The tables have turned since the 2011 pr...Read More
SASKATCHEWAN - Fission Uranium has tabled a prefeasibility study (PFS) for its Patterson Lake South uranium project in Saskatchewan's Athabasca region, outlining an open pit and underground hybrid operation. It's working on a preliminary economic assessment (PEA) level underground only scenario that it says could offer improved economics.The PFS assigns the project a $693 million after tax net pr...Read More
RAPAPORT... Production at Petra Diamonds fell in the third fiscalquarter due to operational challenges at its Finsch mine in South Africa, it said Monday. Output for the three months ending March 31 dropped 7% to924,228 carats. Production at Finsch plunged 30% to 387,370 carats, 55,000carats below the miner's expectation. The majority of the shortfall was due toequipment problems at the depos...Read More
RAPAPORT... Titan Company noted strong growth in the most recent fiscal year, as itlaunched new digital initiatives and collections that were popular with customers. Group sales rose about 21% for the 12 months ending March 31, the Indian retailer said in a trading update published earlier this month, while revenue for the jewelry division increased 22%. Thecompany reported high demand for it...Read More
RAPAPORT... Output at Lucapa Diamond Company's Lulo mine in Angola fellin the first quarter, as it focused on processing ore from lower-grade miningareas. Production declined 25% to 3,369 carats, compared with 4,507carats the previous year, the miner said last week. Sales volume for the periodplummeted 93% to 451 carats. However, sales value rose 12% to $12.1 million, as thecompany sold seven...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.China's influence on global commodity markets is unparalled. It's a matter of scale.China imports more than 60% of domestic demand for oil, gas and iron ore. Its imports of oil, LNG and coal account for around a fifth of glo...Read More
JOHANNESBURG – Tiffany & Co has been expanding its workforce in sub-Saharan Africa – a region of almost one-billion people where the jewellery giant does not have a single store.More than a quarter of the New York-based company’s 1 500 global diamond cutters and polishers are now based in Africa, CEO Alessandro Bogliolo said in an interview in Cape Town. Tiffany has factories...Read More
How to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumCardinal's Namdini Ore Reserve Now 5.1 MozSPONSOREDcardinal resourcesYamana will receive $800 million cash at closing and additional consideration of up to $125 million based on the price of gold over a five-year period, a $100 million payment...Read More
Eastern promise for PolarXSPONSOREDpolarxAmerigo has a unique and distinctive mineral extraction business model that is difficult to find fault with given it counts with a decade's-long supply of raw material at its Minera Valle CentralRead More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade. Goldman Sachs (GS $207.84) was virtually unchanged after reporting higher than consensus first quarter earnings. The company also raised its dividend. Citigroup added $0.25 to $67.42 after reporting higher than consensus first quarter earnings. Wells Fargo dropped $0.71 to $45.78 after Goldm...Read More
Paying with your debit card might seem like a responsible move. After all, getting in the habit of whipping out your credit card whenever you have to make a purchase might lead to overspending.But from a security standpoint, paying with a credit card is actually the better move.By the end of this year, credit and debit card fraud is expected to reach $33B globally. While a criminal can steal your...Read More
Two graduate students at Colorado School of Mines have received funding from the U.S. Department of Energy to conduct a portion of their thesis research at a national laboratory. Erin Bertelsen and Anna Ryken were among 70 students at 52 universities nationwide selected for the Office of Science Graduate Student Research Program this year, DOE announced April 12. Bertelsen, a PhD candidate in ap...Read More
Colorado School of Mines has been recognized by the National Center for Women & Information Technology (NCWIT) for its work to increase meaningful participation in computing education among women. The Mines Department of Computer Science is the grand prize recipient of the 2019 NCWIT Extension Services Transformation (NEXT) Award, the nonprofit organization announced. Powered by NCWIT with su...Read More
The U.S. Bureau of Land Management has approved Newrange Gold's (TSXV: NRG; US-OTC: NRGOF) proposal to transfer the company permits for the Merritt decline, part of its 16.7-sq.-km Pamlico gold project in Nevada, as well as to collect a 1,000-ton bulk sample at the project.The project's previous operators, the Merritt family, developed the Merritt decline in 2013 for between US$2 million and US$3...Read More
Fission Uranium (TSX: FCU; US-OTC: FCUUF) has tabled a prefeasibility study (PFS) for its Patterson Lake South uranium project in Saskatchewan's Athabasca region, outlining an open pit and underground hybrid operation. It's working on a preliminary economic assessment (PEA)-level underground only scenario that it says could offer improved economics.The PFS assigns the project a $693 million after-...Read More
BHP (NYSE: BHP) is investing in Midland Exploration (TSXV: MD) to support the junior's copper exploration in northern Quebec, including its Mythril copper-gold-molybdenum-silver project in James Bay Eeyou Istchee.BHP is acquiring 3.44 units of Midland at $1.70 per unit for $5.9 million. Each unit consists of one share and one warrant that allows the holder to buy another share for $2.05 per shar...Read More
Thor Explorations (TSXV: THX) estimated in a definitive feasibility study two months ago that pre-production capex to build an open-pit mine at its Segilola gold project in Nigeria would cost about US$87 million.Today, the company announced it has secured a US$78-million financing package from the Africa Finance Corporation, a multilateral finance institution with US$4.5 billion on its balance she...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixKumar, who was previously responsible for building Tesla's lithium ion...Read More
How to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumCardinal's Namdini Ore Reserve Now 5.1 MozSPONSOREDcardinal resourcesLynas Corporation, a rare earth producer with its mine in Australia and processing works in Malaysia, has received a conditional takeover proposal from Wesfarmers, but it does...Read More