Wednesday, December 30th 02:40 PM

The auction saw the sale of 90,642 out of 92,136 carats-or 45 out of 49 lots-selling 98% by weight and 95% by market value...Continue

Torex Gold Resources pours first Gold in Mexico

  • Torex expected to declare commercial production, on schedule, during the second quarter.

Russia's VTB signs agreement with China Construction Bank

  • This groundbreaking agreement with a major Chinese bank will regulate bilateral gold transactions between VTB and CCB. It will also enable VTB Bank to expand the number of counteragents and services offered on the Chinese commodity market while also boosting commodities trading between the two countries.

Diamcor's second tender of Q3 realizes $150/ct

  • Combined sales in the quarter surged 95% to 9,469 carats, according to a statement December 18. Revenue soared 78% to an estimated $1.2 million compared with sales in the previous period.

Botswana Diamonds raises 458655 pounds through share placement

  • The funds raised would be used to fund exploration activities in Botswana, which remained ongoing, and to provide additional working capital.

Deccan Gold Mines to commence drilling in Karnataka

  • South West Pinnacle is a premier exploration company with extensive experience in rendering exploration services involving exploratory drilling and report preparation and offers drilling rig, equipment and accessories along with experienced drilling and support crew.

DiamondCorp begins Diamond production at Lace mine

  • UK4 production from January to the end of March was scheduled to average 4 000 t/m, increasing to an average of 15 000 t/m between April and June, before reaching full production of 30 000 t/m from July 2016 onwards.

Anaconda's Point Rousse project sells record 4600 oz of Gold in Q2 FY16

  • The mine operated for 64 days in the quarter, producing 105 947 tons of ore and 529 718 tons of waste. Mining output increased 19% year-over-year to accommodate the increased throughput levels at the Pine Cove mill.

Petra's Diamond tender earns average $142 per carat

  • The recent sale included the 23.16 carat pink stone from its Williamson mine in Tanzania, which sold for $10.05 million.

Dominion Diamond's sales, profit plunge in Q3 2016

  • Profit before income taxes for Q3 FY 2016 was $4.1 million compared to $59.1 million in Q3 of the previous fiscal. The Company reported a "Consolidated net profit attributable to shareholders of $4.1 million or $0.05 per share for the quarter".
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