Streaming company Sandstorm Gold (SSL-T) has made one of its biggest forays into the royalty business yet, acquiring 56 royalties from diversified miner Teck Resources for US$1.4 million in cash and $20.6 million in shares (at $3.57/share). The assets offer diversification geographically (33 are in North America) and across various project stages. Four of the… Continue Reading
News releases that caught my eye this morning including a silver streaming deal between Franco Nevada and Teck Resources and drill results from Seabridge Gold. Seabridge Gold – (SEA:TSX) – Good news for Seabridge shareholders this morning as the drill bit continues to intersect mineralization at the monster KSM project in northwestern British Columbia. This is… Continue Reading
A look at a few of the mining press releases that caught my eye this morning and some additional thoughts. Goldcorp (G:TSX), Teck Resources (TCK.B:TSX), and New Gold (NGD:TSX) – A couple deals this morning by Goldcorp on the same asset the El Morro copper-gold project in Chile. The first involves buying the 30% interest… Continue Reading
A look at a few of the mining press releases out this morning that caught my eye with some additional comments. B2Gold – (BTO:TSX) -B2Gold is out with second quarter production results of 121,566 ounces. BTO is one of he fastest growing mid tier producers and hopes to grow production from 380,000 in 2014 to… Continue Reading
A look at some of the top mining stories out this morning and some additional comments on each. Ivanhoe Mines – (IVN:TSX) – Ivanhoe hosted a conference call this morning discussing the transaction announced with Zijin Mining. Ivanhoe and Zjin struck an agreement on Tuesday (May 28th) where Zijin would acquire a 49.5% stake in… Continue Reading
A look at a few of my favourite news releases and some additional comments on each. Teck Resources (TCK.B:TSX) – Teck shares are off ~6% this morning after releasing Q1 results. Despite weak commodity prices Teck managed to post a profit of $64 million (11 cents per share). “Our ongoing focus on cost management and… Continue Reading
