Articles for tag: Diamonds, producing, reopen, set, Yellow

May 21, 2024

Ron Finklestien

mining

Past producing yellow diamonds mine set to reopen

The leases cover the main portions of the historic workings at the E4 and E9 pipes, as well as the extensively bulk-sampled E12 alluvials and their access, Gibb River said. As part as the reopening steps, Gibb River said it is scheduled to conduct a heritage clearance survey in the first week of June. The company is also studying financing options for the project, including debt, equity, earn-in partner, joint venture partner, a North Australian Infrastructure Fund (NAIF) partnership, or other government funding schemes available. The exploration and development company became Ellendale’s sole owner in March last year, after acquiring

February 9, 2024

Ron Finklestien

mining

Gold Prices Show Signs of Weakness Amidst Rising Bond Yields Gold Prices Show Signs of Weakness Amidst Rising Bond Yields

[Click here for an interactive chart of gold prices] Amidst a two-week high in the benchmark 10-year US Treasury yields and a nearly two-month high in two-year yields, the non-yielding bullion has begun to lose its allure for investors. The rise in bond yields acts as a force of gravity, pulling gold prices downward. “I do think that things are trending lower for the gold price, there is a pretty strong floor support at about $1,960 that I don’t expect to see gold go below,” said Everett Millman, chief market analyst at Gainesville Coins, in a Reuters note. The bullish market