Price of a one-carat diamond fell 9.7% first quarter of 2020, down 13.1% year-on-year

diamond

Since the pandemic of the Coronavirus, companies throughout the globe have been affected by restrictions and other measures that have to be taken because of it. As has been extensively noted, the diamond business was not exempt from these negative impacts. More worrisome, the epidemic will have long-term consequences for the mining industry.

Unlike Its Predecessors, U.S. Gold Corp., Established In Nevada, May Succeed

US gold corp

Gold was a significant factor in Wyoming’s founding. In contrast, a small mining exploration and development business believe it can resurrect the state’s gold and copper industries. Like the hard rock mining industry, gold and copper industries peaked and fell decades ago. The state’s reserves are still in existence. Companies have been unable to contact […]

When South Sudan Broke Away From Sudan In 2011, It Took Most Of The Country’s Riches With It

south sudan gold mining

Sudan’s permission for private merchants to export gold as a countermeasure to smuggling and help the country’s cash-strapped government raise foreign money may come under attack after yesterday’s coup. Sudan’s central bank has long been the only institution authorized to purchase and export gold and set up facilities where small-scale miners may sell their metal. […]

Dividend announcement boosts shares of Harmony Gold Mining by .. 7%

harmony gold mine

Monday’s dividend announcement. The stock hit a peak of $3.35 and a low of $3.35 during mid-day trading, reflecting a 95 percent decrease from the average session volume of 5,780,532 shares. Recently, the stock had finished at $3.13. We will pay the previously declared dividend on Monday, October 25th. Shareholders will receive a dividend of […]

Papua New Guinea takeover Barrick Gold’s Porgera mine

Porgera_Gold_Mine.

Papua New Guinea is ready to take control of Barrick Gold’s (TSX: ABX) (NYSE: GOLD) Porgera mine after refusing to extend the company’s lease on social and environmental grounds, Prime Minister James Marape said on Friday. “The special Mining Lease will not be renewed in the best interests of the state, particularly in lieu of […]

The Western United States is a national treasure

Nevada-Gold-mine

There have been massive metal finds and staking rushes west of the Mississippi in the past, like the Comstock Lode and the 1849 California Gold Rush. More recently, at Glamis Gold’s prosperous Picacho Gold Mine in southeastern California, Vancouver’s Chester Millar pioneered the heap leach gold recovery process, which is now widely used.Because of its […]

In Colombia, three miners were killed in an illegal operation

Colombia

Three people died and two were wounded after a blasting operation at an illegal gold mine in Colombia’s Antioquia department went wrong, according to the Antioquia department’s Administrative Office of Risk Management.The accident happened on Saturday at the El Avance de Diómedes mine in northwestern Colombia, about half an hour from Buriticá. The miners, whose […]