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
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.Copper will play a pivotal role in the energy transition. Aluminium may be an abundant and cheap competitor for electrification applications, but carbon footprint issues for primary metal may give copper the edge. Ultimately that poin...Read More
"Following an intrusion of artisanal miners in the perimeter of the operations, an incident with a gendarme has caused one death and one injured among the artisanal miners," Robex said.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.Demand for copper — already on a rising trend — is arguably set to explode as the energy transition takes hold. In order to prevent structural deficits, unsustainably high prices and demand destruction, miners will have to...Read More
A statement issued by the Ministry of Commerce and Industries said negotiations failed to close on the broad terms the parties agreed in January.Read More
Biden's meeting included Nigerian President Muhammadu Buhari, who heads sub-Saharan Africa's largest economy, and President Felix Tshisekedi of the Democratic Republic of the Congo, a leading producerRead More
(IDEX Online) - Petra saw revenue from rough diamond sales fall by almost a third at this month's tender, down to $42.3m from $61.3m in October/November.The volume sold in Tender 3 FY23 was also down by almost a third as per carat prices remained virtually unchanged. The UK-based miner said the earlier cut-off date for the current cycle was largely to blame for the lower sale. They were...Read More
(IDEX Online) - Canadian rapper Drake commissioned a one-off necklace featuring 42 diamonds - one for each time he considered proposing marriage, but didn't.Previous Engagements was crafted by celebrity jeweler Alex Moss over 14 months, using 351.38 carats of diamonds in a range of cuts (round, emerald, princess and pear) and settings, at a reported cost of $12.5m."Each stone meticulously set...Read More
(IDEX Online) - Trans Atlantic Gem Sales (TAGS) says it sold over 70 per cent of the $20m of rough offered this month, in what it describes as a "cautious" market, realizing a total of $14m. In November it offered $23m of rough and said only that it had sold more than the 55 per cent it managed at its previous tender. For comparison purposes, its rough sales in July were $35m.In its Dece...Read More
(IDEX Online) - Rolex is selling its watches on the second-hand market for the first time.It has launched a Certified Pre-owned Programme for watches that are at least three years old, to be operated through Bucherer, its official retailer, in Switzerland, Austria, Germany, France, Denmark and the UK.The move comes at a time when the prices of used Rolex watches are plunging, with, for examp...Read More
Global Atomic homes in on Dasa financingSPONSOREDglobal atomic corpDenison eyeing low-cost in-situ recovery in Canada's high-grade Athabasca BasinSPONSOREDdenison minesUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDFeasibility study imminent at Fission's high-grade, low-cost uranium project SPONSOREDfission uraniumLast week's ‘From the Capital' column used t...Read More
(Updates with order to suspend operations) By Elida Moreno PANAMA CITY, Dec 15 (Reuters) -Panama's government ordered Canada's First Quantum Minerals on Thursday to pause operations at its flagship coppermine in the country after missing a deadline to finalize a dealthat would have increased payments to the government from themine. The government had given Minera Panama, which ismajority-owned by...Read More
U.S. equity index futures at 7:30 AM EST were lower this morning. S&P 500 futures were down 39 points in pre-opening trade.Lots of U.S. economic news is released this morning:December Empire State Manufacturing Survey released at 8:30 AM EST is expected to drop 6.50% versus a gain of 4.50 in November.December Philly Fed Index released at 8:30 AM EST is expected to improve to-6.2 from -19.4 in...Read More
Given the tumultuous past two years that saw global markets ebb and flow to extreme degrees, it's perhaps no surprise that the only thing that's certain about the 2023 outlook for commodities is that it's uncertain.Analysts generally agree that the global economy is headed for a slowdown, but forecasts from reputable industry sources feature a wide degree of variability."Our roster of industry s...Read More
A shareholder rift over millions of dollars in executive pay at Snow Lake Resources (NASDAQ: LITM) is rattling the explorer's plans to develop a lithium project in northwest Manitoba. Management postponed a shareholder's meeting today until January after an investors' group that controls 42% of the company said it would try to vote out chief executive officer Philip Gross, chief operating officer...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) is going ahead with construction of its Reko Diq copper and gold project in Pakistan after the country's top court cleared the path for the Canadian miner.Receiving the court's endorsement was a condition outlined in the settlement reached by Barrick and the government of Pakistan in early December to resume work on Reko Diq.The project, which hosts one of the w...Read More
Marimaca Copper (TSX: MARI) revealed on Thursday the sulphide potential of its Marimaca oxide deposit (MOD) in Chile, with drill hole MAD-22 returning 92 metres at 2.11% total copper from 140 metres, including 22 metres at 5.27% total copper, from 204 metres, in primary sulphides alone.MAD-22 represents a geological/geotechnical diamond drill hole that was drilled from the eastern MOD through the...Read More
The government of Panama has rejected a last-minute proposal by First Quantum Minerals (TSX: FM) to amend its US$375 million a year royalty agreement, casting the operation of the Cobre Panama copper mine into doubt. Panama President Laurentino Cortizo plans to hold a Cabinet meeting and address the nation today on the government's next steps, according to Federico Alfaro Boyd, minister of comm...Read More
Australian miner Fortescue Metals Group (ASX: FMG) is investing a further $4 million (US$2.9 million) in Candente Copper (TSX: DNT), which will increase its stake in the Canadian junior from 19.4% to 25.4%.The world's fourth-largest iron ore producer will buy 22.2 million shares of Candente at 18 ? per share, a 26% premium to the five-day volume-weighted average price of the junior's shares.For...Read More
Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (Read full newsRead More
Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) (Read full newsRead More