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
The meeting of Turquoise Hill was originally scheduled for 1 November and subsequently, on Rio Tinto's request, postponed to 8 November.Read More
US President Joe Biden's climate envoy John Kerry is trying to marshal support from other governments, companies and climate experts to develop a new framework for carbon credits to be sold toRead More
The firm posted a net loss for the quarter of US$33.9 million, 223% below a year-on-year profit of $27.6 million. The loss included a deferred income tax expense of $27.6 million.Read More
RAPAPORT... Petra Diamonds has suspended all mining at its Williamson deposit in Tanzania pending an investigation into a burst wall at its tailings facility that resulted in a flood.The eastern wall of a storage facility where the company keeps ore that has already been processed gave way Monday morning, with the flooding extending out of the mine lease area, Petra said. Williamson's management,...Read More
RAPAPORT... Growth at the retail division of Warren Buffett's Berkshire Hathaway slowed in the third quarter as supply-chain issues led to an inventory shortage.The unit - which includes jewelry chains Borsheims, Helzberg Diamonds and Ben Bridge Jeweler - saw sales increase 5% year on year to $4.8 billion, the company reported Saturday. That represented a gentler rise than the 8% gain the company...Read More
"Our diversified portfolio performed well in the quarter with declines in precious metal prices partially offset by strong oil and gas prices", said Franco-Nevada's chief executive Paul Brink.Read More
Sheffield flashes a green light at ThunderbirdSPONSOREDsheffield resources limitedPurepoint Uranium Group Well Positioned to Make Next Athabasca DiscoverySPONSOREDpurepoint uraniumExcitement as Alma Metals raises funds for more copper exploration SPONSOREDalma metalsStudy points to more copper-gold potential for PolarX in AlaskaSPONSOREDpolarx limitedCanada's industry minister François-Phil...Read More
RAPAPORT... The Canadian Jewellers Association (CJA) has elected a new board of directors, to be chaired by Angela Betteridge.Betteridge, president of her eponymous jewelry company in British Columbia, will serve a two-year term from 2023 to 2025, the CJA said last week. Her career spans multiple facets of the industry, including diamond exploration, mining, rough and polished sales, advertising a...Read More
RAPAPORT... Israel's diamond shipments slumped in October as religious holidays compounded the negative impact of geopolitical and economic trends.Polished exports fell 24% year on year to $432.8 million for the month, after returns of unsold goods, the Economy and Industry Ministry reported Sunday. Export volume dropped 31% to 109,512 carats, with the average price up 9% at $3,952 per carat,...Read More
PolarX following up promising results at Nevada gold-silver projectSPONSOREDpolarx limitedSaudi to lead mining super regionSPONSOREDsaudi ministry of industry and mineral resourcesAura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy Last week's US$50 an ounce jump in the gold price could have been caused by a number of factors but one of them looks to have...Read More
RAPAPORT... The United Arab Emirates (UAE) will become chair of the Kimberley Process (KP) in 2024, trade leaders in Dubai announced following the organization's plenary meeting.The UAE will assume the role of vice chair for 2023 and take the helm the following year, in line with KP procedures, the Dubai Multi Commodities Centre (DMCC) said Sunday. The KP, which aims to keep conflict diamonds...Read More
(IDEX Online) - The growth in sales of US jewelry and watches in September hit its lowest level since the Covid lockdowns of 2020. It was down to just 1.3 per cent. The figure for August, originally given as 3.7 per cent, has now been revised down, based on actual rather than estimated sales to 3.0 per cent. This paints a grim picture. The last time sales growth reached a low p...Read More
(IDEX Online) - The IDEX Polished Price Index continued its near-straight line decline for a seventh consecutive month in October. It fell by 1.86 per cent, slightly less than September's 2.34 per cent, but still the second biggest drop since April. The Index started falling early in March. It was down 2.1 per cent in April, 0.69 per cent in May, 1.18 per cent in June and 2.05...Read More
Under the agreement, Marimaca has a five-year option to negotiate an offtake of seawater used for cooling at a thermal coal electricity plant in Mejillones, some 25km from the project and operated byRead More
Until July, when the sinkhole first appeared near the underground Alcaparrosa mine at its Minera Ojos del Salado copper operation, the Candelaria operation had been a shrewd purchase for the LundinRead More
U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points in pre-opening trade.DoorDash gained $1.36 to 52.93 after Oppenheimer raised its rating from Perform to Outperform. Apple dropped $2.39 to $135.99 after announcing a reduction in iPhone 14 shipments.First Solar added $0.95 to $154.57 after Raymond James raised its target price from $145 to $175.Meta Platform a...Read More
Red Cloud Toronto's Fall Mining Showcase 2022, November 9-102022 Precious Metals Summit Zurich, November 14-15Mines and Money London, November 29-December 1CHEYENNE, Wyo., Nov. 7, 2022 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold," the "Company," "we," "our" or "us") (NASDAQ: USAU), a gold exploration and development company, today announced that its management team will participate in three upcom...Read More
Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) (Read full newsRead More
With the major gold producers having reported quarterly results, the trends in the average gold price to cost per oz spread from ...Read More
From 2003-2011, the price of gold increased from about $400 an ounce to over $1,900. And by the summer of 2011, the market was going crazy with expectations.There were predictions of $10,000 an ounce... $50,000 an ounce... even $100,000 an ounce. And people were talking about gold everywhere. If you think back, I bet you'll remember all those "cash for gold" advertisements that ran back in 2011.Bu...Read More