News

Canada’s Lucara Diamond (TSX:LUC) announced today the recovery of another big diamond from its 100% owned Karowe Mine located in Botswana. The rock weighed 327 carats and it is a top white gem diamond. According to the miner, eight diamonds greater than 100 carats have now been recovered at Karowe since the beginning of the […]

Following a conciliation process between Andes Iron and Chile’s Ministry of Environment, Antofagasta’s First Environmental Tribunal decided to reverse a decision that forbade the Dominga copper and iron ore project from going forward. The new development means that the Environmental Assessment Commision of the central Coquimbo region now has to reassess the $2.5-billion initiative. In

Relative Performance of Gold Stocks The quarterly meeting of the Incrementum Fund’s Advisory Board took place earlier this month (April 12), and as usual, a special guest was invited to participate. This time we were joined by well-known fund manager John Hathaway (Toqueville Gold Fund). It was a very wide-ranging discussion of the financial markets

Markets better prepare for stagflation Chris and Doc at various times have suggested we may get a prolonged, somewhat monotonous period of stagflation unfolding; no major moves up or even down for stocks broadly, BUT an environment where a grinding, internal correction within markets is at work…and where commodities finally outperform financial assets again. In

Chinese authorities intervened this week in favour of Tianqi’s attempt to grab a 32% interest in Chile’s Chemical and Mining Society (SQM), the world’s second largest lithium producer, saying that any efforts to block the $5 billion deal could “leave negative influences.” According to Chilean newspaper El Mercurio (in Spanish), Chinese Ambassador Xu Bu openly

Get Trading Recommendations and Read Analysis for just $50 per month. The Morgan Report: http://www.themorganreport.com/join David Morgan says the U.S. stock market is in a downtrend. A waterfall decline is possible. Gold and silver are still in consolidation. However, the gold/silver ratio is coming down. And both metals continue to make higher lows. Morgan expects

Antioquia’s Governor Luis Pérez said that his province, located in the central northwestern part of Colombia, is the first one to prevent 25 tonnes of mercury from gold mining from polluting local rivers and forests. During a meeting held with officials from the Mining Ministry and other government representatives, Pérez said that the initiative called

Goldcorp-backed Auryn Resources Inc. (TSE:AUG) announced today that it is close to becoming a big player in the Andahuaylas-Yauri belt in southern Peru. The reason behind such assertion is the company’s recent addition of 60,000 hectares to its Sombrero project, which means that now its land position is greater than 100,000 hectares. The decision to

Chilean Finance Minister Felipe Larraín and his Mining counterpart Baldo Prokurica said today that the government that came to power in March will ensure state copper giant Codelco receives capital incentives so that it can continue to grow. Following Codelco’s annual shareholder meeting, Larraín and Prokurica said the new capitalization process and the amount that

America’s M.A.D. policy with China My discussion with Doc from earlier today was looking lonely, especially since two companies I’d planned to share profiles on today have had scheduling issues. So going to a somewhat different subject I wanted to share with all of you a commentary I wrote earlier this month on the near-hysteria