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 transaction is expected to close in the first quarter of 2023, Pan American chief executive Michael Steinmann told a Q3 results conference.Read More
Kinross expects attributable gold production of 2.1 million gold equivalent ounces (AuEq oz) in 2023, down from its earliest guidance of 2.3M AuEq oz. Its guidance for 2024 remains unchanged at 2.Read More
Shares in the firm slumped 9.8% to C$18.41, complicating the valuation of its share offer for Yamana.Read More
Shares in leading miners Freeport-McMoRan, Newmont and Barrick were more than 5% higher in the session in New York and Toronto.Read More
Maverix shareholders Newmont, Pan American Silver, and Kinross Gold support the deal as does Triple Flag shareholder Elliott Investment Management.Read More
Dear Friends, The world is changing, and so is Rapaport. We are revolutionizing our information services. Rapaport is now going super-digital.Rapaport digital news and editorial will now be free at Rapaport.com. Our new website launches this Tuesday, November 15, 2022. Rapaport.com will be our new digital home and information center, with real-time news, articles, analysis, data, videos, podcasts,...Read More
News: Polished trading cautious as Indian suppliers return from Diwali break. US driving demand. Focus on memo as jewelers limit inventory during economic uncertainty. Rising expectations for the season; NRF projects Nov.-Dec. retail sales +6% to +8%. Consolidation continues as JBT reports number of jewelry businesses -2% to 23,702 in 3Q. Brands gaining market share in India; Titan Company 2Q reve...Read More
RAPAPORT... A blue diamond weighing 5.53 carats failed to find a buyer at Sotheby's Geneva on Wednesday despite being billed as the star of the auction. The cushion brilliant-cut, fancy-vivid-blue diamond is part of an eight-piece group called the De Beers Exceptional Blue Collection, which Sotheby's has spread between its various Magnificent Jewels sales. No bids matched the stone's threshold pri...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 Attitudes among policymakers to market intervention have changed radically in the past few months as higher energy prices have thre...Read More
RAPAPORT... Sales and earnings rose at India's Asian Star in the second fiscal quarter, driven by strong growth in its diamond manufacturing division.Group revenue jumped 15% year on year to INR 13.31 billion ($163 million) - including subsidiaries - for the three months ending September 30, Asian Star reported Wednesday. Net profit increased 1% to INR 309 million ($3.8 million).The Mumbai-ba...Read More
RAPAPORT... Kering-owned jewelry brand Pomellato has established a long-term equity partnership with an Italian goldsmith company that will help improve its manufacturing capabilities.The minority interest in Valenza-based Costanzo & Rizzetto will provide Pomellato with additional productive capability and will allow the company to grow faster, the jeweler said Wednesday. It will also enable t...Read More
RAPAPORT... A surge in visits to the GemGen??ve show signaled strong orders despite global economic uncertainty. More than 5,000 people attended the Swiss gem and jewelry fair's fifth edition from November 3 to 6, according to preliminary figures from organizers - over 7% more than the previous event, which took place in May. There were also 176 exhibitors, slightly below May's numbers."The m...Read More
(IDEX Online) - Two men have been arrested and charged over an $800,000 raid on a New York jewelry store, in which staff were attacked with bear spray.At least six masked gang members sprayed the bear-repelling aerosol - like pepper spray but stronger - at Revel Jewelers, in the Bronx, in August.Workers were taken to hospital suffering bear spray exposure - stinging eyes, noses and lungs, and coug...Read More
(IDEX Online) - Pandora, the world's biggest jewelry brand, says it's on track to reach 2022 revenue targets despite "macroeconomic and geopolitical uncertainty".The Danish jeweler, which has 6,400 outlets globally, reported a three per cent rise in third quarter sales and still expects to meet its full-year guidance of $3.48bn to $3.55bn."With strong financials and our position in...Read More
(IDEX Online) - A huge 21.01-carat diamond has sold online for $2.5m, setting a new world record.The D / IF gem, set in a platinum engagement ring, was bought by a 59-year-old businessman after viewing it online.He had it delivered by an armed security to an hotel in Montana, USA, and promptly proposed to his partner. She accepted.Don Palmieri, founder and president of GCAL (Gem Certification &...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 Cuzzubbo replaced the colourful and controversial Nick Mather as the head of the Ecuador-focused company, and while he had a very d...Read More
The CAEM is referencing the continuing delays in the approval processes of the Import System of the Argentine Republic (SIRA) and the System of Imports of the Argentine Republic and Service PaymentsRead More
There will be no Pre-opening comments available today. Technical Notes for yesterdayConsumer Discretionary SPDRs $XLY moved below $133.55 and $132.46 extending an intermediate downtrend.Walt Disney $DIS a Dow Jones Industrial Average stock moved below $90.71 and $90.23 following release of less than consensus fiscal fourth quarter results. Medtronic $MDT an S&P 100 stock moved below $79.4...Read More
CHEYENNE, Wyo., Nov. 10, 2022 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) ("U.S. Gold," the "Company," "we," "our" or "us"), a gold exploration and development company, announces the execution on November 9, 2022 of a transaction related to the Maggie Creek Property among Nevada Gold Mines LLC ("NGM"), Orogen Royalties Inc. ("Orogen"), and U.S. Gold (the "Transaction").The TransactionRenaissan...Read More
High-tech manufacturing, beautiful art and good food are a lot more commonly associated with Japan than gold.But Vancouver-headquartered explorer Japan Gold (TSXV: JG) might be a catalyst to start shifting that association.Of the multiple rigs the company currently has turning in Japan, it is mobilizing two more to drill on the northern island of Hokkaido "before the snow really flies this year,"...Read More