Here are five Fastmarkets stories you might have missed on Friday July 10 that are worth another look.The United Steelworkers union in Canada has warned that certain steel products from the nation, along with aluminium, could again be hit with Section 232 tariffs by President Donald Trump's administration.Aluminium has an opportunity to play a key role in the government-led rebuilding of economies...Read More

Here are five Fastmarkets stories you might have missed on Friday July 10 that are worth another look.The United Steelworkers union in Canada has warned that certain steel products from the nation, along with aluminium, could again be hit with Section 232 tariffs by President Donald Trump's administration.Aluminium has an opportunity to play a key role in the government-led rebuilding of economies...Read More

RAPAPORT... Birks Group's sales increased sharply in the latest fiscal year as three of its major retail stores reopened following renovations.The Canadian jeweler resumed trading at flagship sites in Vancouver, Toronto and Montreal during the 12-month period ending March 28. Group revenue climbed 12% to CAD 169.4 million ($124.7 million) for the year, while comparable-store sales - at branch...Read More

RAPAPORT... The Indian government has granted diamond companies extra time to ship polished goods back to the country after grading without incurring customs duty.At present, reimports are subject to the 7.5% levy once the diamonds have been outside India for three months. The Central Board of Indirect Taxes and Customs (CBIC) has extended the deadline by a further three months for all parcel...Read More

RAPAPORT... Two fancy-colored, heart-shaped diamonds led the Magnificent Jewels sale at Sotheby's in Hong Kong, fetching a combined $18.7 million.The first, a 5.04-carat, fancy-vivid-blue, type IIb diamond, flanked by white diamonds, brought in $10.6 million, or $2.1 million per carat, beating its $9.7 million upper estimate. The 4.49-carat, fancy-vivid-pink, internally flawless diamond ring,...Read More

 RAPAPORT... A fancy-intense-blue diamond ring was the top seller at Christie's in Hong Kong, crushing its high estimate at the first live Magnificent Jewels auction since the coronavirus pandemic began.The piece, featuring a marquise-cut, 12.11-carat, internally flawless stone, went for $15.9 million at the July 9 sale, against its high estimate of $12.3 million. The diamond sold follow...Read More

(IDEX Online) - Alrosa reported another poor trading month in June, with sales of rough and polished totaling just $31.3m.That compares with $222.4m of like-for-like sales in June 2019.The Russian state-owned miner has revised down its production forecasts, postponed its July and August sales, suffered an 87 pr cent drop in profits and is pursuing a price-over-volume strategy as the COVID-19...Read More

(IDEX Online) - Diamond-studded face masks are becoming the latest fashion craze in Covid-hit India.They're popular with wedding couples, who will pay up to $6,000 for a washable N95 mask encrusted with real diamonds, according to Indian media reports. Masks with lab-grown diamonds start at around $800.Lockdown means the number of guests is limited, so there's more money available to add...Read More

(IDEX Online) - Almost two thirds (62 per cent) of jewelry buyers say they'd rather buy a diamond from a bricks-and-mortar shop than online, says new research for De Beers.Even the digital-savvy Millennial and Gen-Z (those aged up to 40) still opt for in-store purchases (59 per cent), according to the Diamond Insight Flash Report, documenting the impact of COVID-19 on retail sales.Research am...Read More

RAPAPORT... Alrosa's diamond sales fell 86% year on year to $31.3 million in June as contract customers continued to delay buying rough allocations."For the third time in a row, we offered our long-term customers unprecedentedly flexible sales conditions, including the opportunity to defer purchasing contracted volumes," Alrosa deputy CEO Evgeny Agureev said Friday. "Alrosa will use all its a...Read More

An alliance of crude producers led by Saudi Arabia is pushing OPEC and its allies to increase oil production starting in August, officials in the group said, amid signs that demand is returning to normal levels following coronavirus-related lockdowns.Read full newsRead More

(Bloomberg) -- Zimbabwe's biggest gold mines are being snapped up by Mauritius-based Sotic International Ltd. as the price of bullion soars to the highest in more than eight years.Landela Mining Ventures Ltd., which is controlled by Sotic, bought two of Zimbabwe's gold mines this year. The newcomer isRead full newsRead More

Despite the Federal Government's efforts to diversify the economy, earn more foreign exchange and create jobs, reports of illegal goldRead full newsRead More

It’s time to buy growth stocks. These businesses have crushed the overall market for more than a decade.When most people think of growth, they think of tech. But plenty of other industries are capable of doubling, tripling, or even quadrupling your money. The stock picks below have already proven that ability.If you want to add some growth to your portfolio, Brookfield Infrastructure Pa...Read More

Visible gold in core at Wallbridge Mining's Fenelon project in Quebec's Abitibi. (Credit: Wallbridge Mining) Wallbridge Mining's drill program at the wholly owned 85.6-sq.-km Fenelon gold project in Quebec has expanded the Tabasco-Cayenne shear zones by 100 metres down-plunge. In addition, infill work continues to hit high-grades near existing underground workings around the Main Gabbro shear zo...Read More

Image from New Placer Dome. New Placer Dome's geology team and drilling crews are preparing for the company's first, 10,000-metre reverse circulation (RC) drill program at the Carlin-style Kinsley Mountain project in the Elko area in Nevada.The initial drill program will focus on testing high-grade gold targets within the Secret Canyon shale formation at the Western Flank zone, where known gold...Read More

With the first half of 2020 officially in the books, I thought I'd look ahead and try to figure out what the second half might bring. What looks good? What doesn't?Well, regretfully, I've come to find that quite a lot looks bad. To put it bluntly, stocks are in a bubble. As of June 30, the market posted its best 100-day period in more than 80 years, going back to 1938, according to Bespoke Inve...Read More

La Ronge Gold Belt, Saskatchewan. Credit: MAS GoldSouthern Empire Resources (TSXV: SMP) announced Monday that it has agreed to acquire all of the issued and outstanding common shares of MAS Gold (TSXV: MAS).The terms of the deal are that each shareholder of MAS Gold will receive one common share of Southern Empire for every 8.5 common shares of MAS Gold. On completion, Southern Empire will issue a...Read More

I'm going to make today's editorial quite short because the investment opportunity I'm about to share with you is only viable this week.If you've been following me at all, you already know that I founded my elite-level advisory service, Nick's Notebook, over five years ago now. Since then, I have used the private deals it specializes in to make myself and my subscribers millions. We have doubled...Read More

Image by Hin und wieder gibts mal was. from Pixabay. Mining software producer MICROMINE has launched Micromine Effects (MFX), a viewer aimed at facilitating the sharing of complex design and visualization files for resource estimation.Paul Hooykaas, MICROMINE's chief product strategy officer, has been with the company since its inception in 1986, and says it has been an interesting journey as the...Read More