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· The second-largest gold consuming nation is likely facing its worst ever recession due to the pandemic and consumption is unlikely to record to normal levels anytime soon. The UBS report says India consumed 633 tons in 2020. De Beers, the world’s top diamond producer, has decided to cut the price of its gems in hopes of sparking sales amid
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· Jun 25 2021. Gold price is looking for a breakout next week, watch the $1,800 levelKitco's gold price survey. Jun 25 2021. Gold price edges up as U.S. annual core PCE meets expectations in May. Jun 25 2021. Bolivia to buy more gold to strengthen reserves as prices set to riseBolivia's president. Jun 24 2021.
· The gold budget increased by a modest 1% while the budgets for industrial metals, including copper, zinc, lithium and cobalt, all saw declines. Major miners dominated exploration spending, at $4.4 billion, compared to $2.54B for juniors, $1.05B for mid-tiers and half a billion for governments.
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· While Wall Street is still struggling to recover from the crash of 2020 and many gold stocks have recovered, many uranium stocks have risen well above pre-crash levels. For instance, if we compare yesterday’s close to that of March 2, 2020 Cameco (CCJ, CCO.TO) is up 23%. Denison Mines (DNN, DML.TO) is up 25%. Fission Uranium (FCU.TO) is up
· 2021.04.17. As the third most-consumed metal on the planet, behind iron ore and aluminum, copper is all around us. Found naturally in the Earth's crust, copper was among the first metals used by early humans, dating back to the 8th century, BC. Three thousand years later homo sapiens figured out how to smelt copper from its ore, and to alloy it
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· The work plan includes more than 5,000 meters of diamond drilling, nearly 3,000m of air core drilling, 1,600m of reverse circulation drilling, along with mapping to test a 10-km copper soil anomaly.
· Oil prices slipped in early Asian trade amid uncertainty over a possible extension of output cuts by major crude producers and expectations of higher supply as the Keystone pipeline restarts. Gold prices held near a six-week high hit in the previous session, supported by a weaker dollar ahead of a congressional hearing on U.S. Federal Reserve
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· Average annual gold production in years two through five may be 104,171 ounces gold, with 983,296 ounces gold recovered over an 11-year life of the mine. Operating costs are estimated at $923 per ounce of gold, with cash costs estimated at $1,043 per ounce of gold. Threats
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Marsman India Limited Plot No. N-16, MIDC, Industrial Area, Ambad, Nasik422010, Ambad, Nashik, Maharashtra422010 India
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By Esmarie Iannucci 5th July 2021 The share price of junior Emmerson Resources surged on Monday following reports of a bonanza gold intercept at its first diamond drill hole at its Mauretania
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