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
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 BHP's shares recently fell to a two-year low when the price of iron ore slipped to US$84.Read More
RAPAPORT... Pandora is holding steady in its sales projections for the year as it rolls out plans to withstand a possible recession, and even expects to hit the upper end of its predicted revenue.Sales will rise 4% to 6% on an organic basis for 2022, the Danish jewelry retailer predicted Tuesday. The company expects revenue for the full year to be between DKK 25.9 billion ($3.48 billion) and...Read More
RAPAPORT... Attempts to discuss Russia at the annual Kimberley Process (KP) plenary failed after the organization received differing views on whether the matter was under its remit.The European Union (EU) and five national governments wrote to the KP chair ahead of the gathering asking for the Ukraine conflict to be on the agenda at the meeting, which took place in Botswana last week.However,...Read More
(IDEX Online) - Lucara has reported a slump in quarterly revenue and profits, blaming a shortage of the high-value specials that account for most of its income.The Canada-based miner said revenue was down 31 per cent year-on-year from $72.7m to $49m and net profits plunged 86 per cent from $12.8m to $1.8m (all figures are US dollars).It sold 99,301 carats in the three months to 30 September 2022,...Read More
(IDEX Online) - UAE is to chair the Kimberley Process again in 2024.Delegates at a plenary session in Botswana, which currently chairs KP, approved the move last week.Belarus had also applied for the position, according to a Reuters report, at a time when KP faces mounting pressure to consider broadening its definition of conflict diamonds to include Russia Zimbabwe will chair KP...Read More
(IDEX Online) - The price gap between new and used Rolex watches is widening. The company has just announced a second increase this year, of about five per cent, for outlets across Europe. But the most popular used models have seen prices plunge by 21 per cent since peaking in April, according to WatchCharts, which tracks the luxury watch market. Geneva-based Rolex, which produces ar...Read More
(IDEX Online) - Petra Diamonds has halted operations a wall of the tailings dam at its Williamson mine, in Tanzania, was breached. The UK-based miner said there were no confirmed deaths or injuries as a result of flooding from the eastern wall of the facility that stores mining waste. It's less than two months since the tailings dam at Jagersfontein, a former diamond mine in South Africa, was...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 The company said Cristovão Alberto Tonela and Alfredo Francisco Domingos João were fatally injured on Monday, while a...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 Osisko will receive a 0.6% net smelter return interest from SolGold, calculated with reference to net smelter returns from the Casc...Read More
U.S. equity index futures were higher this morning. S&P 500 futures added 7 points in pre-opening trade.Mosaic added $0.08 to $50.00 despite reporting slightly less than consensus third quarter revenues and earnings TakeTwo Interactive plunged $17.95 to $90.45 after reporting less than consensus quarterly revenues due to weaker than expected mobile sales. The company also lowered guidance for...Read More
Americans know that gasoline prices are higher, home heating fuel prices are higher and that there's an emerging diesel fuel shortage in the United States.Higher fuel costs translate into higher costs for everything because trucks, trains, planes and cargo vessels all run on fuel (mostly diesel) so those higher fuel costs get passed along as higher prices for the goods being shipped including food...Read More
A man hunting high office is a man to be watched. And the higher the office he seeks, the closer he must be watched. For this is an ambitious man. And as one fellow who raged with ambition - Napoleon Bonaparte - stated:Those endowed with (great ambition) may perform very good or very bad acts. All depends on the principles which direct them.We generally place our money on "very bad acts." That is...Read More
"The most dangerous man to any government," argued Henry Louis Mencken, "is the man who is able to think things out... without regard to the prevailing superstitions and taboos.""Almost inevitably," continued Baltimore's sage..."He comes to the conclusion that the government he lives under is dishonest, insane, intolerable... Every decent man is ashamed of the government he lives under."It appears...Read More
What a remarkable moment in American history!The anger of the public is at a greater height than at any point in anyone's lifetime. The more the perpetrators of existing tyranny plead for "amnesty" the angrier people get.We've spent nearly three years in forced silence and facing a massive wall between public attitudes and regime behavior. That wall is crashing down now and many people are panicki...Read More
This week's episode features Boart Longyear president and CEO Jeff Olsen in conversation with Northern Miner Podcast host Adrian Pocobelli. Jeff shares his view of the global mining industry, the impacts of inflation, the parts of the globe in which he sees the most growth, and the future of drilling, including developments in artificial intelligence and real-time on-site data processing.All this...Read More
Magna Mining (TSXV: NICU) says its first resource for its Denison nickel, copper and platinum group metals project in Ontario's Sudbury basin shows "significant potential."Magna is exploring the restart of a past-producing underground mine and the development of an open-pit operation to the site, also known as Crean Hill. As well, Magna owns the advanced-stage Shakespeare, a similar project in the...Read More
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Pan American Silver (TSX: PAAS; NASDAQ: PAAS) are buying fellow Canadian miner Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY) in a US$4.8 billion cash-and-shares transaction.Toronto-based Yamana said on Tuesday it had inked a deal with the two precious metals miners after South Africa's Gold Fields (NYSE: GFI; JSE: GFI) waived on Monday its right to match...Read More
Fission Uranium (TSX: FCU; OTC: FCUUF) has drilled one of the best holes to date at its Patterson Lake South (PLS) project in Saskatchewan's Athabasca basin. Hole PLS21-MET-004, drilled in the Triple R deposit, intersected 34 metres averaging 19.12% uranium oxide, including 26 metres at 24.59% of the radioactive metal.The total composite grade x thickness value is 650.7, as calculated by Fission...Read More
Newcrest Mining (TSX: NCM; ASX: NCM), Australia's largest gold producer, has approved an A$214 million (about US$140 million) expansion of its Telfer gold-copper operations, which include the Main Dome, West Dome open pits and underground mines.The company said the West Dome Stage 8 cutback should start producing ore in the current quarter - its second quarter of fiscal year 2023 - and extend T...Read More
The Canadian Mining Hall of Fame will welcome three new members at a gala dinner and induction ceremony on May 24, 2023 at The Carlu in Toronto. Tickets will go on sale for the event?EUR?in March of?EUR?next year. The Northern Miner is a co-founding member organization of the Canadian Mining Hall of Fame, along with the Canadian Institute of Mining, Metallurgy and Petroleum, The Mining Association...Read More