Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
RAPAPORT... De Beers will offer widened concessions to purchasers of larger rough diamonds at its upcoming sight as trading has slowed amid difficult market conditions.The miner will increase its "buyback" allowance to 20% for 1-carat goods and up at the sale, which begins later this month, industry insiders told Rapaport News this week.Buybacks are a mechanism enabling sightholders to sell 1...Read More
RAPAPORT... Hearts on Fire has appointed Barbara Ng as head of product management, a newly created position at the jewelry brand.Ng was most recently president of the total jewelry solutions department at Hearts on Fire parent company Chow Tai Fook. She has also led supply chain and manufacturing operations for various multinational companies in Hong Kong, Hearts on Fire said Wednesday.In her new...Read More
RAPAPORT... Brilliant Earth is working on a new initiative to reduce the amount of mercury used in gold mining throughout the Peruvian Amazon and to create a Fairmined ecological supply chain."Harmful supply chain practices are typically used to mine gold, but little has been done to create impactful solutions to help those involved in it, with the focus on keeping costs lower," Brilliant Earth CE...Read More
RAPAPORT... Zales will offer a new collection of bridal jewelry featuring larger lab-grown diamonds ranging from 1 to 3 carats.The products are the result of a partnership between the Signet Jewelers-owned store chain and wedding-dress retailer Kleinfeld. They were inspired by bridal details such as lace accents, floral appliqu?(C)and flowy movements, Zales said Monday. As part of the collabo...Read More
(IDEX Online) - De Beers is reportedly easing its buyback terms for sight holders - an indication that the post-lockdown surge in demand is well and truly over.In a memo issued last Friday, the UK-based miner said it would give buyers increased freedom to refuse stones they don't want at the sight currently taking place in Gaborone, Botswana.They're now able to reject 20 per cent of good...Read More
(IDEX Online) - The appointment of Rishi Sunak as Britain's new prime has again provoked calls for the Koh-i-Noor diamond to be returned to India.On Monday Mr Sunak, 42, (pictured) became the country's first leader of Indian origin, fueling hopes that he may respond more favorably to calls for him to intervene.The iconic 105.6-ct Type IIa D-color gem, center-piece of the late Queen...Read More
(IDEX Online) - Petra produced and sold fewer diamonds in the first quarter, ending 30 September, according to the company's latest operating update.Revenue was down nine per cent year-on-year to $104.3m. It sold 520,011 carats, down 10 per cent.The UK-based miner said it had benefitted from a weaker rand, and it was closely monitoring current macro-economic uncertainties.Petra, which has min...Read More
Cerrado eyes feasibility study for Brazil assetSPONSOREDcerrado goldTENDER FOR THE EXPLOITATION OF THE BAUXITE BLOCK OF SANTOU (TELIMELE), GUINEASPONSOREDcenter for mining promotion and development (cpdm)OREN driving tailings facility operators to be proactive in managing riskSPONSOREDorenExcitement as Alma Metals raises funds for more copper exploration SPONSOREDalma metalsThe five-year warrants...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 31 points in pre-opening trade.Canadian focus today is on the Bank of Canada's announcement at 10:00 AM EDT. Consensus is that the Bank of Canada will raise its lending rate to major Canadian banks by another 0.75% to 4.00%.Alphabet $GOOGL dropped $5.00 to $99.56 after reporting less than consensus third quarter reven...Read More
Fatih Birol is the executive director of the International Energy Agency (IEA). He's a doctorate-level engineer with a strong background in energy, power systems and energy economics.He has followed global energy markets for about 30 years and is worried that:The world has never witnessed such a major energy crisis in terms of its depth and its complexity. I believe we might not have seen the wors...Read More
Gas prices have been rising again over the past few months. And you can expect them to shoot even higher after the upcoming midterm elections. Here's a major reason why, preceded by some background...The Strategic Petroleum Reserve (SPR) was established by President Ford in 1975 in the wake of the first Arab Oil Embargo in 1973 and a quadrupling of oil prices from 1973-1974. The idea was to protec...Read More
The Chilean government has presented a bill to the Senate's Mining and Energy committee that "significantly reformulates the mining royalty bill," the finance ministry said in a statement on Tuesday.Finance Minister Mario Marcel said recent discussions have helped "find an alternative that better balances out the goals of the collection with growth and the industry's development."The bill proposes...Read More
First Quantum Minerals (TSX: FM) has reported considerably lower third-quarter financial results, citing margin compression because of a declining copper price, cost inflation, and challenged performance from its Kansanshi copper mine in northwestern Zambia.The Toronto-domiciled base metals major reported that headline earnings fell 72% quarter-on-quarter from US$337 million in the second quarter...Read More
Denison Mines (TSX: DML; NYSE: DNN) has filed its environmental impact statement (EIS) with the Saskatchewan Ministry of Environment and the Canadian Nuclear Safety Commission, reaching another milestone for its Wheeler River uranium project in northern Saskatchewan. The EIS outlines the company's assessment of the potential effects (including applicable mitigation measures) of the proposed in-si...Read More
Hochschild Mining (LSE: HOC; US-OTC: HCHDF) has discovered a new zone to the west of operations at its Pallancata silver-gold mine in southern Peru.The new area, called Royropata, is not in the current permitted area, but the company believes that the discovery "has the potential to secure the medium-term future of the Pallancata mine."Highlights from the discovery include 17.6 metres grading 8.5...Read More
Earlier this month Mantoro Precious Metals (TSXV: MNTR; US-OTC: MSLVF) reported results from the first drill hole at the La Escarcha gold deposit on its Golden Hill project in Bolivia, 140 km northeast of Santa Cruz, the country's second-largest city.The first drill hole returned 4.69 metres of 5.15 grams gold per tonne starting 171.5 metres downhole, including 2.2 metres of 9.38 grams gold, in dr...Read More
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATESEmpress Royalty Corp. (TSXV:EMPR)(OTCQB:EMPYF) (Read full newsRead More
Pacific Empire Minerals Corp. (TSXV: PEMC) (OTCQB: PEMSF) (Read full newsRead More
Compares the sizes of the largest global precious and base metals markets.Read More