COLORADO SPRINGS, April 17, 2019 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") reports preliminary production results for the first quarter ended March 31, 2019 of approximately 6,538 ounces of gold, 364,653 ounces of silver and significant base metals. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in O...Read More
By: Craig Hemke, TF MetalsSix years ago this week, COMEX gold and silver prices were deliberately smashed in order to take out critical support levels that had held since 2011. The parallels to present day circumstances are obvious and must be fully considered.The key to understanding this is to recognize that the situation in 2019 is reminiscent of 2010. We've been writing about this for months...Read More
"A bully is always a coward."~ Thomas Chandler HaliburtonThe current market rally is like a playground bully; shoving to the ground anyone in its path.But like all bullies, the braggadocio belies an underlying cowardice.Those in charge of the status quo must be absolutely terrified to resort to the unnatural lengths they are going to right now to keep the current rally intact.Unnatural ActsIn re...Read More
By: IRA EPSTEINRead More
Andrew Wray Appointed President and CEOTORONTO, April 17, 2019 /PRNewswire/ - Golden Star Resources Ltd. (NYSE American: GSS; TSX: GSC; GSE: GSR) ("Golden Star" or the "Company") announced today that Sam Coetzer will be leaving the Company as of April 30, 2019, and that the Board of Directors has appointed Andrew Wray as President and Chief Executive Officer, effective May 1, 2019."Aft...Read More
"We have gold because we cannot trust governments," President Herbert Hoover famously stated in 1933 to Franklin D. Roosevelt. (CBC News)[1] Anyone who seriously claims to trust the government is either a fool carrying an empty bag or a politician.This was the same year that Roosevelt enacted the Emergency Banking Act followed one month later by the Executive Order 6102. Suddenly everyone who ha...Read More
RAPAPORT... Okavango Diamond Company (ODC) has revealed a 20.46-caratpolished stone, the largest blue diamond to come out of Botswana. The Gemological Institute of America (GIA) has graded the oval brilliant-cut, type IIb diamond as fancy deep blue, with VVS2 clarity, ODCsaid. "From the first moment we saw the diamond, it was clear wehad something very special," Marcus ter Haar, managin...Read More
RAPAPORT... Alrosa's sales fell in the first quarter amid lower rough pricesand a larger proportion of small diamonds. Revenue from rough stones slid 37% year on year to $988million for the three months ending March 31, the Russia-based miner saidWednesday. Sales volume declined 21% to 10.6 million carats, while the averageprice decreased 20% to $123 per carat for gem-quality diamonds. Prices...Read More
RAPAPORT... Christie's New York Magnificent Jewels auction garnered $30.3 million on Tuesday, with a twin-stone ring leading the sale. The piece, bearing two pear modified brilliant-cut,fancy-vivid-blue, VS2-clarity diamonds weighing 3.06 and 2.61 carats, fetched$6.7 million, or $1.2 million per carat. Its presale estimate was $6 million to $8 million. Christie's sold six additional lots for...Read More
RAPAPORT?EUR?PRESSRELEASE, April 17, 2019, New York ...?EUR?The Rapaport Trade Mission to Sierra Leoneattracted a strong group of 29 international diamantaires and jewelers. Participants were from theUS, India, UAE, UK, Switzerland, Turkey, Canada, Spain, and Israel. For many,the trip was transformative as they visited the diggers in their villages andcame face to face with the challenges and oppo...Read More
The Fifth Mediterranean Gemmological & Jewellery Conference will take place in Limasol, Cyprus, May 17 to 19, 2019. As usual, the conference is organized by Branko Deljanin of CGL-GRS (Canada) and George Spyromilios of IGL (Greece). The first four MGJ Conferences were held in Greece (2015), Spain (2016), Italy (2017) and Montenegro (2018). In the five years since it was held first the MGJ Con...Read More
Richard "Dick" Greenwood, a well-known, highly respected and treasured member of New York's colored gemstone business community, died on April 13, surrounded by his wife and children. A memorial service will be held on Thursday, April 19th at noon, at the Riverside Memorial Chapel in Mount Vernon, NY. In a tribute, Greenwood's longtime friend and business associate, Doug Parker, wrote t...Read More
Botswana-based Okavango Diamond Company (ODC) on Wednesday unveiled “the biggest blue diamond discovery ever made” in Botswana – an oval-shaped blue diamond weighing in at over 20 ct.The Gemological Institute of America has graded the stone as an oval brilliant cut of 20.46 ct, with a fancy deep blue colour and at VVS2 clarity.AdvertisementThe diamond was discovered at Botswana&r...Read More
Eastern promise for PolarXSPONSOREDpolarxHudbay said the private equity firm's move was a ploy to stop it from soliciting proxies as a proxy contest between the two parties heats up.Waterton, Hudbay's second largest shareholder at 12.1%, last year gradually stepped up its dissent, urging the miner to replace its chief executive and nominating its own slate of five directors to the board.Eastern pr...Read More
U.S. equity index futures were higher this morning. S&P 500 futures added 7 points in pre-opening trade. Futures responded to encouraging first quarter economic news released by China in overnight trade.Index futures were virtually unchanged following release of the February U.S. Trade Deficit report at 8:30 AM EDT. Consensus was $53.7 billion versus $51.1 billion in January. Actual was $49.4...Read More
Here's one of my favorite Washington paradoxes...On one hand, politicians say they want to help Americans save more for retirement.On the other, they look for every possible way to punish people who actually succeed in the endeavor. For proof of this look no further than a new bill that recently passed through the House Ways and Means Committee with unanimous support. It's called the SECURE Act an...Read More
QUESTION: Mr. Armstrong; I believe you said at the WEC in 2017 that central banks will diversify and increase their gold reserves going into the currency crisis coming in 2021. China has continued to increase its gold reserves. You would please update on that development.Thank youPKANSWER: Central banks are in a very difficult position. The ECB has really put the entire world at risk. Draghi is no...Read More
Adrianne Kroepsch, assistant professor of humanities, arts and social sciences at Colorado School of Mines, is the co-winner of the 2019 Professional Geographer Award from the Energy and Environment Specialty Group of the Association of American Geographers.The award is given once a year to recognize the author or authors of a paper published in a peer-reviewed journal based on its originality, si...Read More
Millennial Lithium (TSXV: ML; US-OTC: MLNLF) has doubled the measured and indicated resource at its Pastos Grandes lithium project in Salta, Argentina.The project now contains 18 billion measured and indicated cubic metres brine grading 427 milligrams per litre lithium and 4,440 milligrams per litre potassium for 4.12 million tonnes lithium carbonate-equivalent and 15.3 million tonnes potassium ch...Read More
Nevada Copper (TSX: NCU) has released a new prefeasibility study for an open-pit mine at its Pumpkin Hollow project in Nevada, where it is building a standalone underground operation that it expects to be in production in the fourth quarter of 2019.The updated PFS contemplates a phased approach with an initial mining rate of 37,000 short tons per day (std) with subsequent and flexible expansion to...Read More