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
Labor negotiations at Chile's Escondida copper mine, the world's largest, are frozen without signs of progress toward an agreement just over a week before the current contract expires, the union said in an internal message to its members.The union said mine owner BHP rejected union demands made last week, raising the prospects of a strike at the mine for the second straight year. Last year's 44-da...Read More
The Peruvian Ministry of Energy and Mines determined that Canada's Miramont Resources (CSE: MONT) is not eligible for an automatic approval of its drilling permit for the Cerro Hermoso project, as it is possible that the exploration activities may affect Indigenous communities. In a press release, the Vancouver-based miner explained that since its Environmental Impact Statement was approved earlie...Read More
Seaborne pig iron has become relatively competitive versus ferrous scrap over the past year in most regions, and China is no exception. As the first chart below illustrates, the gap between the MBR's proxy for imported pig iron price in China and the Metal Bulletin's Chinese domestic heavy melt scrap price assessment had shrunk by late 2017. The premium averaged $17 per tonne this year to date, co...Read More
Investing.com - Metals traders will remain focused on the dollar this week after comments by U.S. President Donald Trump on interest rates stalled a rally in the greenback on Friday, offering some relief to gold, which recovered from one-year lows.Investors will also be looking ahead to Friday’s U.S. GDP report to see how the economy performed in the second quarter. The data is expected to s...Read More
RAPAPORT... Production at the Gahcho Ku?(C) mine increased 20% year on year to1.9 million carats in the second quarter, as the asset yielded higher-graderecovery. "The second-quarter performance continues to follow thetrend of ongoing excellent performance set by the Gahcho Ku?(C) mine team, in asafe and sustainable manner," Stuart Brown, CEO of Mountain Province, whichowns the mine in a joint ven...Read More
RAPAPORT... The Asian Institute of Gemological Sciences (AIGS) hasissued a warning to the international diamond industry over fake gemstonereports bearing its logo.The counterfeit reports contain a working QR code thatdirects users to a fake website with the suffix co, rather than com."Some unscrupulous people have decided to rip off customersby using AIGS's name," AIGS chairman Kennedyy Ho said l...Read More
RAPAPORT... Zimbabwe's state diamond producer recorded a 44% increase inoutput in the first half of 2018 following investments in mining and processingcapacity. The Zimbabwe Consolidated Diamond Company (ZCDC) recovered1.6 million carats in the six months ending June 30, compared with 1.1 millioncarats a year ago, a spokesperson for the miner told Rapaport News lastweek. The company produced...Read More
Russian giant Alrosa (MCX:ALRS) confirmed that diamond mining at its Zarya deposit will start in 2019. In a press release, Alrosa explained that after removing 10 million cubic meters of overburden for over two years, the development of the new deposit is going as planned and is entering the final stages. The depth of the open pit mine now reaches 100 metres. Once completed, the mine is expected t...Read More
RAPAPORT... Luk Fook's same-store sales increased 22% year on year inthe first fiscal quarter, driven by a 26% rise in Hong Kong and Macau. Same-store gold sales - at Luk Fook outlets open formore than a year - in Hong Kong and Macau jumped 34% in the three monthsending June 30, while gem-set jewelry purchases climbed 19%. The jeweler released figures for sales atshops it operates itself, but excl...Read More
RAPAPORT... Alrosa will begin production next year on its new Zaryadeposit, estimated to contain over $1 billion in diamond reserves. The mine contains approximately 3.5 million carats, and willreplace production from the miner's Komsomolskaya pipe, which is nearing end ofmine life. "The open-pit mine construction is planned to be completedin 2019," Timofey Baishev, deputy head of production of t...Read More
(IDEX Online) - Mining preparation operations at the new diamond deposit Zarya of ALROSA in the Republic of Sakha (Yakutia), which began in June 2016, are entering the final stage, the miner said. Over the past two years, 10 million cubic meters of overburden have been removed from the open pit mine, and its depth reached 100 meters. Diamond mining, as planned, will begin next year. The depo...Read More
(IDEX Online) - Jewelers for Children will celebrate its first annual JFC Day on September 29, for supporters and potential new ones to celebrate the success of the industry's support for children in need and raise visibility and funds for the charity. JFC Day is the brain child of Steven Vardi, a JFC board member who helped develop the concept along with JFC's Marketing Committee. "We'll be ask...Read More
The United States' removal of tariffs on steel and aluminum imports is not a necessary precondition for trade talks between the United States and the European Union to begin, the European Council representative to the G20 Hubert Fuchs said on Sunday.That ran against French Finance Minister Bruno Le Maire's comments on the sidelines of the G20 meeting of finance ministers and central bankers in Bue...Read More
The Alaska Department of Natural Resources is inviting residents of Yukon-Kuskokwim Delta to submit their comments regarding Barrick Gold (TSX, NYSE:ABX) and NovaGold Resources' (TSX, NYSE-MKT: NG) Dolin project by August 7, 2018.The public is being asked to review and provide feedback on Donlin's reclamation and closure plans, as well as the miners' plans to pay for cleaning up the mine waste und...Read More
Charles de Vaulx is readying his value fund, IVA Worldwide, for higher wages and lower stock prices. Why he likes Berkshire Hathaway, Cimarex Energy, and AIB Group.Read full newsRead More
Follow the money.Read full newsRead More
Oh my LIVE stock starts trading on June 13th and closes the day at $1.36. One month and one week later LIVE is trading $0.78 cents. Unreal. No disclosure on what or if Mr. Humphreys got paid but he...Read full newsRead More
Hedge fund billionaire John Paulson is stepping up his campaign against Canadian gold-miner Detour Gold. Paulson & Co. is pushing for an overhaul of Detour's board and plans to call for a speci...Read full newsRead More
Hedge fund billionaire John Paulson is stepping up his campaign against Canadian gold-miner Detour Gold. Paulson & Co. is pushing for an overhaul of Detour's board and plans to call for a speci...Read full newsRead More
ELKO - Boom. Bust. Rush. Crash.Read full newsRead More