RAPAPORT... The Hong Kong Trade Development Council (HKTDC) has called off this year's jewelry fairs, scheduled for August, after quarantine rules made the events inaccessible to overseas participants.The HKTDC initially postponed the Hong Kong International Diamond, Gem & Pearl Show and the Hong Kong International Jewellery Show from March to August because of the coronavirus. On June 2,...Read More
RAPAPORT... The coronavirus pandemic has impacted every part of the diamond supply chain. As markets reopen with the virus still lingering, there is a consensus that a new normal has been established, even as it continues to evolve. The world is a different place than it was pre-pandemic, and the changes are likely to remain after things return to some version of normalcy, however long that takes....Read More
RAPAPORT... Mountain Province has reduced its production outlook for the year amid the challenges posed by the coronavirus pandemic and its impact on operations.The miner now expects to produce between 6.3 million and 6.4 million carats in 2020 from the Gahcho Ku?(C) mine in Canada, compared to its earlier outlook of 6.75 million to 6.95 million carats, it said last week. That figure represents to...Read More
RAPAPORT... Swiss watch exports continued to slow down in May, the second month of "quasi-paralysis" in the sector, according to the Federation of the Swiss Watch Industry.Shipments slid 68% to CHF 655.6 million ($688.4 million) for the month, with all markets declining significantly. Orders from the US plummeted 79% to CHF 43.3 million ($45.5 million), while supply to Hong Kong dropped 69% to CHF...Read More
(IDEX Online) - Alrosa has reportedly lost at least five of its long-term buyers, as it maintains its price over volume strategy and forces customers to buy goods deferred from earlier sales.They've broken from their contracts because they can't make money in the COVID-19 climate, according to the Bloomberg news website.It says they include the diamond trading company Diaciore, owned by...Read More
(IDEX Online) - Three major diamond factories in Surat were ordered to close yesterday for at least 10 days, after a total of 22 of their employees tested positive for coronavirus.Municipal authorities fear packets of rough diamonds may have been the source of the infection and are urging owners to have them sanitized before they are given to the workers for polishing.The city's deputy health...Read More
(IDEX Online) - More than 1,000 jewels are to be auctioned by Christie's in a series of five live and four online sales as COVID-19 restrictions are eased.Highlights of the Geneva Magnificent Jewels auction include a twin-stone fancy vivid blue and D-color diamond ring (pictured), by the designer Reza ($8.4m to $12.6m).There are also two unmounted diamonds over 100 carats, a superb fancy inte...Read More
Rupert Resources on a Roll at IkkariSPONSOREDCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesThe measures aim to prevent the movement of people from other regions into the area and to reduce the overall number of workers and contract...Read More
The third and final day of the Canadian Mining Symposium (CMS) closed with a panel discussion featuring the Hon. Ranj Pillai, Deputy Premier, Minister of Energy, Mines and Resources and Minister of Economic Development for the Government of Yukon, and mining experts from Strategic Metals (TSXV: SMD), Alexco Resources (TSX: AXR; NYSE-MKT: AXU) and Western Copper and Gold (TSX: WRN; NYSE-MKT: W...Read More
The renewed strength of the "physical market" for crude driving a surge in world of oil contracts.Read full newsRead More
And they're all under $50.Read full newsRead More
NEW YORK, June 18, 2020 /PRNewswire via COMTEX/ --NEW YORK, June 18, 2020 /PRNewswire/ -- The value of gold is problematic to forecast, as it contingent on...Read full newsRead More
It’s entirely possible that we might be entering a period of hyperinflation. This is a time of unprecedented money printing by practically every central bank of the planet. Although this printing has been done with the expressed purpose of staving off a severe recession, the fact remains that more debt has been issued and more money created than at any other time in history.Central banks are...Read More
Barrick Gold (TSX:ABX) stock has been leading the gold miners’ rally for the last few months. However, the stock has recently fallen almost 20% from its April highs. So, what should investors do amid the recent fall while the outlook for the yellow metal remains rosy?Barrick Gold: What should investors do?Barrick Gold has managed to double its net income in the last 12 months. And it’s...Read More
Sandvik DR410i drill Credit: Sandvik Sandvik Mining and Rock Technology has introduced the Sandvik DR410i rotary blasthole drill, which features high productivity with a compact footprint.The DR410i can complete 152 mm to 251 mm rotary and DTH (down-the-hole) holes, with a standard mast and offers a first pass capability of 10 metres with a maximum hole depth of 46.6 metres. The extended mast op...Read More
Newmont Lake project site. Image by Crystal Lake Mining via Instagram. Last year's maiden diamond drill program at the Burgundy Ridge area within Crystal Lake Mining's 551-sq.-km Newmont Lake property in British Columbia's Golden Triangle returned broad copper-gold-zinc-silver intercepts as well as high-grade gold mineralization. Based on the drill results, the company sees potential for alkali...Read More
In 2018 and 2019, I started recommending quality gold mining stocks to my largest group of paying readers. It was clear the gold market - which had been in a bear market for years - had put in a bottom and was poised to take off. Gold and gold stocks can hibernate for some time, after which they go on notorious bull runs (more on that in a second). It was clear in 2018 and 2019 - and is even cl...Read More
The Wasamac property, pictured, includes three mining concessions and 30 mining claims covering a total area of 17.39 sqkm. Image source: Monarch Gold Monarch Gold has selected Ausenco Engineering to complete an upgrading study on Glencore's Kidd concentrator, which would potentially be used to upgrade ore mined at the company's Wasamac project in Quebec.In May, Monarch entered into a memorand...Read More
Image courtesy of Rosemont Copper. Hudbay Minerals (TSX, NYSE: HBM) has filed its initial brief with the US Court of Appeals regarding the decision made by the US District Court for the District of Arizona almost a year ago to deny the company from proceeding with construction at its Rosemont project.In July 2019, the District Court revoked the US Forest Service's issuance of the final record of...Read More
(Image courtesy of BHP.) BHP, the world's no. 1 miner, in a move to make progress in reducing and recycling waste, has launched The Tailings Challenge - a new initiative that seeks solutions for repurposing copper tailings.The challenge is aimed at innovative companies, startups, consortia, research centers and universities worldwide. These institutions are expected to develop new technological s...Read More